New York investors have spent billions on Las Vegas real estate in recent years, including a recently announced a half-billion-dollar deal to purchase the Rio from Caesars Entertainment Corp.
Eli Segall
Reporter: Business
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
Eli Segall joined the Review-Journal in 2016, covering real estate until 2023 when he joined the paper's investigations team. He rejoined the RJ's Business desk in 2025 to cover commercial real estate and other topics. Before the RJ, he covered real estate for four years at the Las Vegas Sun. Segall has also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. He has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. He has earned awards from the Nevada Press Association, Best of the West, New York State Society of CPAs, National Association of Real Estate Editors and others.
Seven Valleys Realty Construction owner Khusrow “K.” Roohani and American West Homes founder Larry Canarelli teamed up to purchase just over 63 acres at the northwest corner of Las Vegas Boulevard South and Starr Avenue.
MG Properties Group announced Thursday that it acquired the 184-unit Village at Desert Lakes for $36.55 million.
Security Properties announced Tuesday that it purchased the 379-unit Lofts at 7100 complex for $80 million.
The NFL team purchased 17.3 acres of real estate near its under-construction stadium for just over $28 million, property records show.
Frank Nothaft, chief economist at housing tracker CoreLogic, discusses the current health of the housing market in Las Vegas and beyond.
Janet Garcia-Legrand, who is set to go on trial in Florida next month, confirmed to the Las Vegas Review-Journal on Wednesday that she is the CEO of project developer Bleutech Park Properties.
Matter Real Estate Group recently obtained a $150 million loan to help pay for UnCommons, a mixed-use project in the southwest valley.
Las Vegas came in No. 2 to Phoenix for second straight month in the SP CoreLogic Case-Shiller index, which showed Southern Nevada prices were up 4.7 percent year-over-year in July, compared with 5.8 percent for Phoenix.
Faraday Future, whose much-hyped car plant in North Las Vegas never came out of the ground, has sold its land for less than half the asking price to a Canadian investment firm.
The New York financial giant, said to be eyeing deal for Bellagio and MGM Grand, is a major buyer of Las Vegas real estate, including The Cosmopolitan of Las Vegas and the World Market Center.
A few months after it celebrated a massive expansion plan, Switch appears to have bought big tracts of land near its Las Vegas headquarters.
The leases bring tenants to offices that had sat dormant at Town Square since the retail-focused project opened a dozen years ago at the corner of Las Vegas Boulevard and Sunset Road.
The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.
The Siegel Group, new owner of the building that houses the Can Can Room, levied numerous allegations in court papers against club owner Sam Aldabbagh.