After the pandemic turned Las Vegas Boulevard into a ghost town for a while, the fallout from the outbreak has, for the most part, not been kind to the roadway’s real estate market.
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
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Blackstone Group, a large firm with heavy investments on Las Vegas Boulevard, is looking to snap up the Australian casino operator Crown Resorts.
The SLS Las Vegas opened with much fanfare in 2014 but quickly spiraled downward. Now, a few miles away, Las Vegas’ newest renovated resort figures it’s starting out on stronger footing.
Apollo Global Management is making a multibillion-dollar wager on America’s casino capital and hoping it’s rolling the dice on the way out of a national crisis, not on the way in.
Overall, the valley’s single-family rental market has “held up rather well” during the pandemic, said Tom Blanchard, last year’s president of trade association Las Vegas Realtors.
The new owners of the Drew property did not release details Thursday on their plans for the site, including whether they will change the name back to the Fontainebleau or when they expect to resume construction.
Las Vegas city and community leaders are scheduled to hold a news conference Tuesday to announce the creation of the Coalition to Make Homes Possible.
Southern Nevada homebuilders made more than 11,000 net sales last year, the most since 2007, according to figures from Las Vegas housing tracker Andrew Smith, president of Home Builders Research.
Southern California investment firm Sakioka Farms acquired Crossroads Commons , a strip mall at the southeast corner of Charleston Boulevard and Fort Apache Road, senior vice president of real estate Tom O’Meara confirmed Friday.
The Las Vegas housing market defied logic in 2020, but at least one thing mirrored prior years: The gap between the most- and least-expensive house sales was enormous.
Plans call for 1,343 residential units, around 240,000 square feet of commercial space, and underground parking.
The Henderson City Council approved a resolution formalizing its intent to sell nearly 9 acres of city-owned land on St. Rose Parkway to Anthony Marnell III.
Buoyed by shrunken borrowing costs, Las Vegas’ housing market has reached new heights multiple times during the pandemic.