The purchase marks the latest real estate transaction for the Raiders, whose owner, Mark Davis, has assembled a big portfolio of properties in the valley.
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The Raiders bought a small property across from Allegiant Stadium for a big sum, picking up real estate previously eyed for a hotel.
Diversified Partners founder Walt Brown Jr. sold a 1.8-acre parcel for $12.5 million, a few months after he bought it.
An Arizona developer has purchased a small plot across from Allegiant Stadium for big bucks, with plans to build an In-N-Out Burger.
Nevada is one of several states that have allowed construction to continue during the coronavirus pandemic.
A Mississippi real estate company has acquired an industrial complex near Allegiant Stadium, figuring the proximity to the Raiders’ future home will help with marketing efforts, said a broker on the deal.
The NFL team purchased 17.3 acres of real estate near its under-construction stadium for just over $28 million, property records show.
A Boston real estate firm has picked up several industrial buildings near Allegiant Stadium in Las Vegas, figuring the massive project will boost rent growth in the area.