The New York financial giant, said to be eyeing deal for Bellagio and MGM Grand, is a major buyer of Las Vegas real estate, including The Cosmopolitan of Las Vegas and the World Market Center.
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The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.