Here’s one of those only-in-Vegas holiday stories.
With 2017 winding down, here’s our top 10 real estate deals of the year in Las Vegas.
When Las Vegas-based Golden Entertainment closed on its $850 million deal to acquire American Casino and Entertainment Properties, whose four casinos included the Stratosphere with its 1,149-foot tower and 2,427 rooms, Chairman and CEO Blake Sartini was ecstatic about acquiring a property on “the Strip.”
Las Vegas home prices are rising at one of the fastest rates nationally, bolstered by strong demand and shrinking inventory.
With all the spectacular resorts and hotels Southern Nevada has to offer, it’s easy for visitors to forget that Las Vegas lies in the middle of some of the most beautiful scenery in the world.
Like other condo projects from the bubble years, Boca Raton initially sold homes at a rapid clip. And, like other projects from that time, buyers vanished when the market crashed.
This week’s long-awaited U.S. Supreme Court oral arguments on Christie v. the NCAA that could influence whether sports wagering will be legalized nationwide could also play a role in another issue at the forefront of the gaming industry — the presence of marijuana in casino resorts.
After the real estate market crashed last decade, investors swooped in for the leftovers. They bought cheap houses in bulk to turn into rentals and snapped up abandoned projects at steep discounts.
The state Gaming Policy Committee is going to pot this week as top gaming policymakers, including Gov. Brian Sandoval, will discuss whether there’s a possible point of entry for recreational marijuana among Nevada’s tourism assets.
The rapid emergence of pro sports in Southern Nevada ramps up our civic pride, but also unleashes a new set of issues and the LVCVA will soon find itself right in the middle of them.