Longtime developer Larry Canarelli and investment banker Viney Singal on Wednesday unveiled their new venture together, Capro Capital.
Eli Segall
Eli Segall joined the Review-Journal’s investigations team in 2023 after covering real estate for the paper since 2016. Before the RJ, he covered real estate and other business topics for four years at the Las Vegas Sun. Segall has also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. He has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. He has earned awards from the Nevada Press Association, Best of the West, New York State Society of CPAs, National Association of Real Estate Editors, and others.
The operator of a hotel-casino under construction at the south edge of the Strip is being bought by an industry giant.
Locally and nationally, homebuyers have been largely pumping the brakes for months, following last year’s cheap-money-fueled buying binge.
Many people can’t qualify for a mortgage, as they can’t afford the higher payments brought on by rising interest rates.
Southern Nevada is far from alone in seeing buyers pull back amid a sharp jump in mortgage rates.
Las Vegas has a long history of blowing up buildings to clear space for new ones. And now, a pipeline of big demolitions is set to remake parts of the Strip and other pockets of Southern Nevada.
Z Life Co., which built The English Hotel, filed plans for a six-story building with 108 multifamily residential units and 72 “residence hotel” units.
The rental complex boasts secure lockers for package deliveries, floor-to-ceiling windows, high-end finishes and, rare for Southern Nevada, underground parking.
Construction is underway for an In-N-Out Burger across from Allegiant Stadium, and it’s on land that rose quickly in value.
NorthPoint Development broke ground last week on an industrial complex that is expected to span more than 2 million square feet.
In Nevada, the property-tax increase for one’s primary residence is a maximum of 3 percent, and the increase for other properties, including land and commercial buildings, is a max of 8 percent.
Just over four years after Wynn Resorts announced it was acquiring land next to Fashion Show mall, it still hasn’t confirmed what it will do with that site.
The late former U.S. Sen. Harry Reid called banks and is credited with keeping MGM’s massive project on the Strip afloat during the Great Recession.
The Bascom Group recently announced that it purchased 93 units in Suncrest Townhomes, a duplex-style community in North Las Vegas, for $24.75 million.
The luxury home, up against the mountains on the far east side of the valley, is listed for a dollar under $4 million.