Blackstone Group, a large firm with heavy investments on Las Vegas Boulevard, is looking to snap up the Australian casino operator Crown Resorts.
Business Columns
The SLS Las Vegas opened with much fanfare in 2014 but quickly spiraled downward. Now, a few miles away, Las Vegas’ newest renovated resort figures it’s starting out on stronger footing.
The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
Las Vegas city and community leaders are scheduled to hold a news conference Tuesday to announce the creation of the Coalition to Make Homes Possible.
The Henderson City Council approved a resolution formalizing its intent to sell nearly 9 acres of city-owned land on St. Rose Parkway to Anthony Marnell III.
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.
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.
Investor Wayne Perry is taking ownership of the site of SkyVue, an unfinished eyesore across from Mandalay Bay. No word yet from the Seattle-area businessman on what plans may hold for the Las Vegas Strip land.
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.
