A recent deal at almost $6 million per-acre didn’t even come close to a sale up the street.
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The property owners are seeking $7 million an acre, or $182 million total, for the spread near Mandalay Bay.
Over the past year or so, Las Vegas has seen a rising tally of sales and construction plans involving vacant land, retail properties and hotels on or near its famed casino corridor.
Las Vegas real estate investor Steve Siegel is perhaps best known for his portfolio of low-priced apartment complexes bearing his name, but now he is the Strip’s newest landowner.