Southern Nevada’s wheeler-dealer market didn’t disappoint this year, as investors bought hotels, high-priced land and other properties.
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.
Tolles Development Co. is looking to start the first phase of a warehouse and distribution complex off Interstate 15 in Jean in the second quarter of 2023.
Vici Properties, which owns The Mirage’s real estate, entered a lease with Hard Rock International that calls for initial annual rent of $90 million.
Southern Nevada’s market remains in something of a logjam, and industry experts predict a muted year ahead for housing nationwide.
An industry group cited high mortgage rates, elevated construction costs and “flagging consumer demand due to deteriorating affordability conditions.”
MGM Resorts International announced that its nearly $1.1 billion cash sale of The Mirage’s operations to Hard Rock International is complete
The former Alpine Motel Apartments complex is rebuilt, boasting a menu of tech features, and “100 percent safe” according to asset manager Robin Willett.
The locals-focused casino chain has outlined plans to develop more projects and sell some properties.
Real estate firm Capital Square announced Friday that it acquired the football team’s headquarters and practice facility off St. Rose Parkway near Henderson Executive Airport.
Henderson City Council members approved a deal to sell a 3.76-acre plot to Station for $1.75 million.
City officials aim to redevelop the former Fiesta Henderson site into an indoor recreational sports complex.
The locals-focused casino chain aims to build a new resort that would feature an 80,000-square-foot casino floor, restaurants, a bowling alley, a movie theater and more.
The recent decline in rates “has been large,” but homebuyer sentiment “remains low with no major positive reaction in purchase demand.”
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.
City Council members are scheduled to consider plans to purchase the 35-acre former Fiesta Henderson property.