A formerly quiet, sprawling tract of land near the Strip is becoming a Formula One racetrack and the owner of a rental property next door is looking to sell for a hefty sum.
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America’s casino capital has emerged as a competitive player in the warehousing and distribution industry.
United Rentals announced Monday that it reached a deal to acquire the construction-equipment company led by Don Ahern.
The permits were issued the same day the Clark County Commission approved Fertitta’s plans for a towering hotel-casino on Las Vegas Boulevard.
The Las Vegas City Council approved an agreement that calls for a five-story, 84-unit rental complex with commercial space in a segregation-era neighborhood.
The typical rent in the Las Vegas-area last month was just over $1,890, up 8 percent from a year earlier, compared with a 25 percent year-over-year rent hike in August of 2021.
Las Vegas real estate investor Jeff Pori has recently loaded up on office buildings, buying in a market that’s still finding its footing after a pandemic-sparked upheaval.
Builders logged 434 net sales in July, the fourth consecutive monthly drop and the lowest since the onset of the pandemic.
Las Vegas Mayor Carolyn Goodman cast the lone “no” vote, saying the property needs a park.
The seven-story, 184-unit project behind The Martin condo tower is set to finish in 2024.