Much of the hotel tower is enclosed, and the resort’s agave plant logo, spanning 18 feet tall and 42 feet wide, is installed at the top of the building.
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The Houston billionaire is acquiring the Hard Rock hotel-casino at Lake Tahoe and will transform it into a Golden Nugget-branded property.
Some signs of an uptick follow a year in which homebuyers, locally and nationally, pulled back amid a sharp rise in mortgage rates.
“As long as mortgage rates and prices remain high, buyers will be looking for a relief valve,” an analyst said.
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.
The Pinball Hall of Fame was built over its property boundaries, encroaching on the soon-to-be-built Dream Las Vegas casino-resort.
The multibillion-dollar sale of The Cosmopolitan marks the latest in a string deals on the Strip between two powerhouse companies and another investment on Las Vegas Boulevard from the CEOs of fast-food chain Panda Express.
Blackstone Group, a large firm with heavy investments on Las Vegas Boulevard, is looking to snap up the Australian casino operator Crown Resorts.
The office space market still faces questions, but with vaccines rolling out, industry professionals figure activity will pick up in 2021, perhaps later in the year.
Tony Hsieh, the former chief executive of Zappos who pumped a fortune into downtown Las Vegas and became the face of its revitalization, died Friday after being injured in a house fire.