The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
Local Las Vegas
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The next portion of the southwest Las Vegas Valley complex includes two more office buildings, another parking structure, and a conference center called The Assembly.
Southern Nevada’s rental market has heated up over the past year as people are looking for more space amid widespread work-from-home arrangements.
The new landlord is looking to develop more space at Tivoli and draw more tenants to the bubble-era real estate project.
“We keep expecting prices to slow down at some point, but it’s not happening yet,” LVR President Brandon Roberts said in a news release.
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