America’s casino capital has emerged as a competitive player in the warehousing and distribution industry.
Eli Segall
Reporter: Real estate
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
X: @eli_segall
Eli Segall joined the Review-Journal in August 2016 after covering real estate and other business topics for four years at the Las Vegas Sun. He also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. Segall has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. His awards include 2017 Story of the Year from the Nevada Press Association.
The late tech mogul’s estate did not say how many of his downtown parcels will be sold.
Wynn, which owns Wynn Las Vegas and the Encore tower on the Strip, will continue to operate the Massachusetts resort under a lease with an initial annual rent of $100 million.
Vici Properties reached a deal to purchase financial giant Blackstone’s 49.9 percent stake in the properties, which are leased to casino giant MGM Resorts International.
Developers of the mixed-use Las Vegas complex expect the first residential units to debut in March.
The operator of a hotel-casino under construction at the south edge of the Strip is being bought by an industry giant.
Locally and nationally, homebuyers have been largely pumping the brakes for months, following last year’s cheap-money-fueled buying binge.
Many people can’t qualify for a mortgage, as they can’t afford the higher payments brought on by rising interest rates.
The shuttered White Sands is being offered for sale through auction site Ten-X, with a starting bid of $1.5 million.
Ex-NBA player Jackie Robinson narrowly kept his long-delayed arena and hotel project plans alive this week, overcoming skepticism of his financing plans.
Link Logistics, which already owns around 9 million square feet of industrial space in the region, recently announced plans for two new complexes in North Las Vegas.
Culture Kings opened its first U.S. store that also features a recording studio, slushy bar, live DJs, half basketball court, upside-down mannequin legs wearing pants and boots, and a game called The King.
McCourt Partners announced that it partnered with Las Vegas-based Tru Development Co. on a 244-unit apartment complex.
Greystar’s Southern Nevada projects are near retail and other amenities and both are near hospitals.
United Rentals announced Monday that it reached a deal to acquire the construction-equipment company led by Don Ahern.