On Rainbow Boulevard at Cheyenne Avenue, a strip mall and the apartment complex next door reflect the state of things in commercial real estate. The strip mall, Cheyenne Commons, was foreclosed on last year and has plenty of tenants but also several vacancies. The neighboring apartment complex, The Grove, has soared in value. It sold for $34.5 million in November, after trading for $19.5 million just two years ago.
MORE STORIES
‘She loved everybody, everybody loved her back’: Beloved RJ office manager dies
Nevada has 3rd-most earthquakes in the country
Meet the Nevada Preps Girls Athlete of the Year
2 killed in crashes, man shot by NLV police over the weekend
How to protect your Las Vegas home from extreme heat
Las Vegas air quality still suffering from wildfire smoke on Monday