Las Vegas’ famed casino corridor is a highly lucrative and competitive tourism market, where massive resorts offer extensive and ever-changing menus of amenities.
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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.
Brett Torino and Paul Kanavos have already teamed up to build retail projects in the heart of the casino corridor.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.
Some Amazon buildings in North Las Vegas all sold a year or so after they were built, and prices have skyrocketed.
The property owners are seeking $7 million an acre, or $182 million total, for the spread near Mandalay Bay.
Over the past year or so, Las Vegas has seen a rising tally of sales and construction plans involving vacant land, retail properties and hotels on or near its famed casino corridor.
Las Vegas real estate investor Steve Siegel is perhaps best known for his portfolio of low-priced apartment complexes bearing his name, but now he is the Strip’s newest landowner.
Amid a warehouse boom that has depleted the tally of potential project sites in the valley and pushed up land prices, Apex is seeing more construction plans.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.
A local developer has launched a new apartment project in downtown Las Vegas after he built and leased one up in the Arts District.
Southern California real estate firms Lyon Living and LandSpire Group recently started construction on a 294-unit rental complex at The Gramercy in the southwest valley.
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Colin Czech is accused of killing a man outside a downtown convenience store and eating parts of the victim’s face, police said.
The Las Vegas Strip casino introduced a new tier in its loyalty program, and visitors will need to reach at least that tier to receive unlimited free parking.
Harry Reid International Airport said its parking was in “high demand” this weekend, and expected Terminal 1 long term and economy parking to be at capacity.