Station Casinos has loaded up on more land in Las Vegas, closing a big purchase just a few days after it unveiled plans to demolish three hotels in Southern Nevada.
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.
A new office building and a new apartment project in Summerlin’s commercial core are expected to cost more than $200 million combined.
Four communities in Southern Nevada are among the top 20 nationally for homebuilders’ sales, but overall, house hunters are pulling back from last year’s buying binge.
There’s no way to predict where the market will head in the coming months, but for now, it’s cooling off.
CBRE Group’s new Las Vegas offices feature amenities such as couches with pillows, wellness rooms with yoga mats, private booths and open rows of unassigned work stations for anyone to use.
Peppermint Hippo spans 27,000 square feet and boasts “state-of-the-art sound and lighting, VIP amenities, a podcast studio, speakeasy, and 24-hour entertainment.
A lawsuit has been filed claiming the property “exemplifies the death of the American mall in under-serviced areas.”
Dream Las Vegas, on the south edge of the Strip, will feature dining and nightlife venues, 12,000 square feet of meeting and event space and a 20,000-square-foot casino.
Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking Friday for the 531-room casino resort.
Cable Center Shops, Hawaiian Marketplace and a 1960s-era Travelodge motel have closed their doors.
Las Vegas house prices drop for first time in over two years as sales keep falling.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.
Nevada HAND receives 2,000 calls a day from people seeking affordable housing and only has a “handful” of vacancies in its 4,700-unit portfolio, the president and CEO said.
Dream Las Vegas is estimated to cost around $550 million and slated to open in late 2024.
In Nevada, the property-tax increase for one’s primary residence is a maximum of 3 percent, and the increase for other properties, including land and commercial buildings, is a max of 8 percent.