About 500,000 people stayed at Airbnb rentals in the Las Vegas area last year, the company reports. That’s almost double the amount of visitors in 2016.
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The Bureau of Land Management sold almost 70 acres of Las Vegas Valley land at auction Thursday.
Opendoor announced Thursday that Japanese billionaire Masayoshi Son’s SoftBank Vision Fund invested $400 million in the company. It did not disclose SoftBank’s ownership stake, but Opendoor said it has obtained more than $1 billion in total equity investments and $2 billion in debt.
Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years.
Related Group, is in the process of buying three project sites in the southwest Las Vegas Valley to build rental complexes.