Proposed legislation would ensure the tax still applies if the property is transferred to a business entity that was “formed for the purpose of avoiding those taxes.”
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Construction crews recently turned the low-slung Cable Center Shops, Boulevard food court and outdoor Fatburger eatery with slushie bar into piles of rubble.
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.
The Houston billionaire is acquiring the Hard Rock hotel-casino at Lake Tahoe and will transform it into a Golden Nugget-branded property.
One side of the street has massive resorts, but the other side has low-slung motel buildings, a boarded-up tavern and a never-finished Ferris wheel project.
A long-shuttered motel site on the Las Vegas Strip is getting a new owner: a North Dakota tribal nation that owns nearly 22 acres along the south edge of the famed resort corridor.
The housing market started the year on a slow note, and though mortgage rates have been volatile lately, buyers have been returning.
Las Vegas developer The Calida Group will soon start construction on its five-story, 400-unit apartment complex near the Strip.
The developer said he owes approximately $25 million to $30 million for work on the resort, and that construction “will restart once the terms of the financing are finalized.”
Construction crews have put up the first few buildings at The Bend, a roughly 10-acre, $60 million project on Sunset Road just west of Durango Drive.
The Clark County Building Department issued a demolition permit last week for the domed, Roman-themed structure.
Penn Entertainment’s application to city officials also includes a convention center and a theater for the west Henderson resort.
The house at the valley’s southern edge boasted a “wellness center,” movie theater, wine gallery, fire pits and electric shades.
Hard Rock International is looking to build a 600-room high-rise along Las Vegas Boulevard.
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.
“Instead of sellers having the advantage, buyers are now in a better position,” Las Vegas Realtors President Lee Barrett said.
Ten years ago, Genting Group bought the Resorts World Las Vegas site at a bargain price.