But Derek Stevens’ project, Circa, opened its casino, restaurants and year-round pool complex in downtown Las Vegas on Wednesday. Its 777-room hotel tower is scheduled to debut at year’s end.
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Los Angeles investor Jonathan Kermani bought the building for almost $4.3 million.
Developer Bob Schulman has opened another rental property crammed with amenities at a time when the coronavirus pandemic has battered Las Vegas’ economy and cast a shadow over the rental market.
Atlanta-based homebuilder Beazer Homes bought a tract of land during the bubble days in Indian Springs, a quiet, pint-sized community, and filed plans to build a subdivision.
Southern Nevada homebuilders signed nearly 1,230 sales contracts in June, the most since February.
Las Vegas’ housing market is showing signs that its pandemic-sparked turbulence is easing. But it’s too early to say whether the worst of the crisis is over for Southern Nevada’s housing market.
Hughes Corp. chairman Bill Ackman tweeted May 21 that Tesla boss Elon Musk should consider one of the developer’s master-planned communities in those states and to “take a close look” at Summerlin.
Don’t expect a big burst of real estate action anytime soon.
A bankruptcy court auction is scheduled to be held May 19 for a 38.5-acre spread along Las Vegas Boulevard across from Mandalay Bay. Bids were due Thursday.