The north Strip skyscraper’s history is marked by bankruptcy proceedings, halted construction, different sets of owners, and national economic meltdowns.
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The Las Vegas Planning Commission is scheduled on Tuesday to consider Station’s proposed Wildfire Casino at 2700 Fremont St., just south of Charleston Boulevard.
Agora Realty & Management acquired Bonanza Eastern Plaza, a fully occupied strip mall that spans just over 71,000 square feet.
The long-planned $4.3 billion property could bring more tourists to the north Strip and a surge of visitors overall to Las Vegas.
The sale of the late Tony Hsieh’s real estate empire could prove a catalyst to build on what Hsieh started, and help downtown improve even more.
The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
Las Vegas’ housing market is showing signs that its pandemic-sparked turbulence is easing. But it’s too early to say whether the worst of the crisis is over for Southern Nevada’s housing market.
Home prices grew fast in 2019 in older, more centrally located areas of the Las Vegas Valley.
The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.
Las Vegas home prices are rising at one of the fastest clips in the country, with builders fetching record dollar amounts and resale values approaching prior highs.