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.
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The locals-focused casino chain has outlined plans to develop more projects and sell some properties.
Many people can’t qualify for a mortgage, as they can’t afford the higher payments brought on by rising interest rates.
The shuttered White Sands is being offered for sale through auction site Ten-X, with a starting bid of $1.5 million.
Greystar’s Southern Nevada projects are near retail and other amenities and both are near hospitals.
Redfin CEO Glenn Kelman said the home-flipping sector it entered “is a staggering amount of money and risk for a now-uncertain benefit.”
VanTrust Real Estate announced that it started construction on the first two buildings in Vantage North, a 4.5 million-square-foot logistics and distribution project in North Las Vegas.
Southern Nevada house prices resumed their downward slide last month, as buyers locally and nationally pull back amid higher borrowing costs.
An industrial park in North Las Vegas sold last month for more than $140 million, after construction finished in September.
Homebuilders notched 580 net sales in Southern Nevada in September, up 19% from August but down almost 41% from September of last year.
Lennar Corp. recently held a ceremonial groundbreaking for a 25-unit townhouse complex called Aqua.
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.
Arizona-based The Wolff Co. broke ground this year on a 316-unit apartment complex called LVB.
The Las Vegas City Council approved an agreement that calls for a five-story, 84-unit rental complex with commercial space in a segregation-era neighborhood.
Southern Nevada’s market appears to be in a logjam, and there’s no telling when it will break through.
The median sales price of previously owned single-family homes was $450,000 last month, unchanged from August.
Crowds during the race will likely be massive. As seen Friday on Hotels.com, dozens of hotels in the Las Vegas area are sold out that weekend.
The rental complex boasts secure lockers for package deliveries, floor-to-ceiling windows, high-end finishes and, rare for Southern Nevada, underground parking.
New York real estate heavyweight Related Companies is partnering with Wynn to pursue a casino license, with plans for a project in Manhattan.
The locals-focused company is set to shake up its real estate portfolio through a mix of development, land purchases, demolition, and sales.
The median sales price of previously owned single-family homes fell in July, as Southern Nevada sees fewer sales, growing inventory and more price cuts.