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Element Hotel sold to San Diego investment firm

The 123-unit Element Hotel at 10555 Discovery Drive, near the 215 Beltway and Town Center Drive in Summerlin, has been sold to Pacifica Cos., a San Diego investment firm, for $17.1 million.

Las Vegas City Council OKs land sale to distiller

The Las Vegas City Council agreed Wednesday to sell three acres of land near downtown to a distiller looking to expand its operations.

Pfizer, Allergan map futures after $160B merger fizzles

Top U.S. drugmaker Pfizer and Irish rival Allergan are charting independent futures after scrapping a record $160 billion deal torpedoed bynew Treasury Department rules meant to block American companies from moving their corporate addresses overseas — on paper — to avoidU.S. taxes.