The towering north Strip resort is set to open this year, following prior stops and starts.
Business Columns
Las Vegas’ famed casino corridor is a highly lucrative and competitive tourism market, where massive resorts offer extensive and ever-changing menus of amenities.
One side of the street has massive resorts, but the other side has low-slung motel buildings, a boarded-up tavern and a never-finished Ferris wheel project.
Ten years ago, Genting Group bought the Resorts World Las Vegas site at a bargain price.
Dreamscape Companies recently announced that it raised $850 million in capital and is launching a real estate investment trust.
Some casino operators touted the benefits of owning their properties or stated they aren’t looking to sell them and rent them back.
The Fontainebleau’s path to opening has received a major boost from Vici Properties and Blackstone.
Vici Properties, which owns The Mirage’s real estate, entered a lease with Hard Rock International that calls for initial annual rent of $90 million.
Las Vegas has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada.
Crowds during the race will likely be massive. As seen Friday on Hotels.com, dozens of hotels in the Las Vegas area are sold out that weekend.
Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin.
Chinatown Plaza, built in the 1990s, became a hub of Asian cuisine and culture in Southern Nevada.
Southern Nevada’s housing market is no stranger to volatility — and lately, it seems the industry is on anything but even ground.
The property owners are seeking $7 million an acre, or $182 million total, for the spread near Mandalay Bay.
Las Vegas Boulevard’s decades-old motor lodges, holdovers from the casino mecca’s early years, are small, no-frills affairs. One is up for sale at a hefty price.
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