A new office building and a new apartment project in Summerlin’s commercial core are expected to cost more than $200 million combined.
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CBRE Group’s new Las Vegas offices feature amenities such as couches with pillows, wellness rooms with yoga mats, private booths and open rows of unassigned work stations for anyone to use.
Peppermint Hippo spans 27,000 square feet and boasts “state-of-the-art sound and lighting, VIP amenities, a podcast studio, speakeasy, and 24-hour entertainment.
A lawsuit has been filed claiming the property “exemplifies the death of the American mall in under-serviced areas.”
Dream Las Vegas, on the south edge of the Strip, will feature dining and nightlife venues, 12,000 square feet of meeting and event space and a 20,000-square-foot casino.
Cable Center Shops, Hawaiian Marketplace and a 1960s-era Travelodge motel have closed their doors.
Las Vegas house prices drop for first time in over two years as sales keep falling.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.
Nevada HAND receives 2,000 calls a day from people seeking affordable housing and only has a “handful” of vacancies in its 4,700-unit portfolio, the president and CEO said.
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
In Nevada, the property-tax increase for one’s primary residence is a maximum of 3 percent, and the increase for other properties, including land and commercial buildings, is a max of 8 percent.
Home prices are still logging huge year-over-year gains, making it all the more expensive to buy a place as people also face higher costs for gas and other daily goods.
The luxury house in The Summit Club, a wealthy enclave in Summerlin, features a “secluded private apartment.”
The new landlord’s portfolio featured 120 properties across 27 states by the end of last year.
Buyers are pulling back in Southern Nevada and other metro areas amid sharply higher borrowing costs.
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