Multibillion-dollar property sales can be structured to allow buyers and sellers to avoid paying the transfer taxes that support schools and other programs in Nevada.
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Complex transactions without transfer taxes frequently cite an exemption allowed under state law for entities that transfer property to a subsidiary.
With its multibillion-dollar sale in the works, The Cosmopolitan of Las Vegas gave employees a welcome surprise Wednesday: a $5,000 bonus each.
With the grass torn out and heavy construction equipment on-site, Las Vegas’ former Royal Links golf course is on its way to becoming a sprawling housing tract.
After unveiling plans for a dramatic race on the Strip, the company behind Formula One says it’s also buying property near Las Vegas’ casino corridor for a hefty price.
Amid the typically busy spring buying season, around 3,000 previously owned single-family homes traded hands last month, down 8 percent from March.
Vici CEO Ed Pitoniak says the company has become “the leading real estate owner” on what “we believe is the most economically productive street in the world, the Las Vegas Strip.”
Vici Properties closed its acquisition of MGM Resorts International’s real estate spinoff, giving the buyer several more hotel properties on the Strip.
Developer Brett Torino expects the first wave of retail space for Project63 to be completed in October, with the remaining batch finished in February 2023.
The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
The next portion of the southwest Las Vegas Valley complex includes two more office buildings, another parking structure, and a conference center called The Assembly.
The firm that developed the famed Rockefeller Center is expanding to Southern Nevada.
Southern Nevada’s rental market has heated up over the past year as people are looking for more space amid widespread work-from-home arrangements.
The north Strip skyscraper’s history is marked by bankruptcy proceedings, halted construction, different sets of owners, and national economic meltdowns.
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.