Casino operator Bally’s Corp., which is buying the hotel-casino, would “almost certainly” look to rename the property as Bally’s and likely look to redevelop the property.
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.
Soohyung Kim, managing partner of Standard General, wrote a letter to Bally’s board of directors Tuesday offering to buy the shares the New York investment firm doesn’t already own for $38 a piece.
Southern Nevada home prices were up 25.7 percent year over year in November, compared with an 18.8 percent gain nationally.
The English Hotel, a 74-room boutique property, is affiliated with Marriott International and slated to open Feb. 22.
Last year’s sales tally was the highest since 2006 during Las Vegas’ wild, yet doomed, real estate bubble.
The last day to play golf at Royal Links, an 18-hole course along Vegas Valley Drive about a mile east of Nellis Boulevard, was Dec. 17.
The priciest and cheapest house sales of 2021 were separated by more than just many millions of dollars.
California real estate firm Ideal Capital Group acquired Jade, a new 287-unit rental complex near the Rio.
Real estate firm 3D Investments confirmed that it is buying the suburban Las Vegas retail-and-office complex from its Israeli owners.
Southern Nevada logged the most resales on record in 2021, prices have been hitting new all-time highs practically every month, and houses have been trading rapidly.
Frank Nothaft, chief economist with housing tracker CoreLogic, spoke with the Review-Journal about the U.S. market’s trajectory during the pandemic and what might happen next.
The deal’s acreage and dollar amount were on par with, if not higher than, recent full-year land sales totals in the community.
Summerlin and three other Southern Nevada master-planned communities ranked among the 25 top-selling areas in the nation for homebuilders.
Last year’s sales tally topped the previous all-time high by nearly 2,000 transactions, and the median price hit $425,000 in December, also setting a record.
The Las Vegas-based airline said it would start taking delivery of the jets next year.