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Luxury Eclipse Theaters in downtown Las Vegas had high hopes
 
Luxury Eclipse Theaters in downtown Las Vegas had high hopes

Located at the corner of South Third Street and Gass Avenue, the three-story building offers eight screens as well as a bar and lounge. The 72,000-square-foot cineplex features extra-padded reclining seats and theaters that accommodate from 30-40 people to 70-80 people. It opened in 2016, more than two years after its first planned opening date. At the time, its executive director of operations told the R-J the company was “absolutely interested” in growing the brand in Las Vegas and around the country.

Las Vegas home prices
 
Las Vegas home prices

Las Vegas’ median sales price of a previously owned single-family house was $300,000 in March, up 7% from a year earlier. Despite the increase, home prices are still below their bubble-era peaks. The median sales price of a previously owned single-family home peaked at $315,000 in mid-2006. Adjusted for inflation, the peak was around $392,430 in today’s dollars — more than $92,000 above the current median.

Howard Hughes Corp.  has big plans for Summerlin
 
Howard Hughes Corp. has big plans for Summerlin

Summerlin is Las Vegas’ largest master-planned community with 22,500 acres and roughly 110,000 residents. Howard Hughes Corp. also owns the minor-league Aviators team, the ballpark and nearby land, and the open-air Downtown Summerlin mall.

City of Henderson growing
 
City of Henderson growing

Henderson is no longer a bedroom community. The city accounted for about 11 percent of all of the jobs in the Las Vegas valley in 2018, according to Emsi. While both Henderson’s job market and population are on the rise, the job market is growing at a faster pace. Henderson’s job market is projected to grow 19 percent between 2018 and 2028, while the population is expected to grow 13 percent. Henderson accounted for 23 percent of the valley’s annual new home sales in 2018. In 2005, it was only 11 percent, according to Home Builders Research. John Restrepo, RCG Economics

Bonnie Springs sale
 
Bonnie Springs sale

Bonnie Springs Ranch, the replica Old West town near Las Vegas, has sold for $25 million. Developer Joel Laub closed his purchase of the 64-acre property on April 2, county records show. He has drawn up plans for 20 custom-home lots, a 25-room motel, a restaurant and a 5,400-square-foot event barn. Bonnie Springs was a decades-old desert attraction that offered mock gunfights and hangings, a petting zoo, horseback riding and a motel.

What is Switch?
 
What is Switch?

Las Vegas-based data center company Switch was founded in 2000 by Rob Roy. The company has campuses in Las Vegas, Reno and Grand Rapids, Michigan. It is also constructing a campus in Atlanta, Georgia, slated to open later this year. Clients include Amazon, Zappos, Marvel and more.

Faraday land
 
Faraday land

Faraday Future is trying to sell more than 900 acres of land at Apex Industrial Park for $40 million. But will the startup electric-car-maker find a buyer? Besides Faraday’s property, at least 2,000 acres of land is on the market in the Apex area, listings show. On top of that, Apex is a decades-old, desert industrial park that developers have largely avoided.

Las Vegas housing market
 
Las Vegas housing market

Las Vegas home prices in January grew fastest among major U.S. markets for the eighth month in a row, S&P Dow Jones Indices reported. Southern Nevada’s prices were up 10.5% year-over-year, more than double the national rate of 4.3%. In 2018, prices rose in every ZIP code in the Las Vegas Valley for the second year in a row, according to SalesTraq. Prices grew fastest in older, more centrally located areas. But prices were highest in the suburbs.

All Charges Against Jussie Smollett Have Been Dropped
 
All Charges Against Jussie Smollett Have Been Dropped

All Charges Against Jussie Smollett Have Been Dropped During a surprise court hearing in
Chicago on Tuesday, prosecutors decided to
drop all charges against the ‘Empire’ actor. Attorneys Tina Glandian and Patricia Brown Holmes The actor will forfeit the $10,000
he posted for bond as part of a
deferred prosecution deal. Prosecutors previously alleged that
Smollett hired two men to stage a
hate crime against himself. Smollett has maintained his innocence
from the beginning and pleaded not
guilty to 16 felony counts on March 14. Attorneys Tina Glandian and Patricia Brown Holmes Attorneys Tina Glandian and Patricia Brown Holmes

Impact of parking fees on visiting the Las Vegas Strip
 
Impact of parking fees on visiting the Las Vegas Strip

There are no data showing a relationship between Strip resort and parking fees and the number of out-of-state visitors to Las Vegas. But there are data showing a relationship between Strip parking fees and the number of local visitors to the the Strip. ‘’As a local, I find myself picking hotels I visit for dinner or entertainment, based on whether they charge for parking or not,”’ said David Perisset, the owner of Exotics Racing. ‘’It is not a matter of money, more of principle.’’
A 2018 survey by the Las Vegas Global Economic Alliance found 36.9 percent of Clark County residents reported avoiding parking at Strip casinos that charge for parking. 29.1 percent reported avoiding using any services from a Strip casino that charges for parking.

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