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.
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 sale of the late Tony Hsieh’s real estate empire could prove a catalyst to build on what Hsieh started, and help downtown improve even more.
Two New York firms and a Las Vegas-based company held a Thursday ceremonial groundbreaking for the upscale 334-unit Apex at Meadows.
After starting the process to sell Tony Hsieh’s expansive Las Vegas real estate holdings, the late tech mogul’s family has now turned to his property portfolio in a wealthy Utah ski town.
Aldo Martinez, the 2021 president of real estate trade group Las Vegas Realtors, gives his take on the pandemic and the Southern Nevada housing market during a question-and-answer interview.
Las Vegas house prices hit another all-time high last month amid plunging supply and despite lingering economic fallout from the coronavirus pandemic.
After taking the late Tony Hsieh’s family to court over contract disputes, his longtime friend and former assistant has now filed more than $90 million worth of creditor’s claims in his probate case.
The grocery chain would “potentially” build a distribution center on the 96.5-acre site, but has made no final decisions, a Smith’s spokeswoman said.
Las Vegas-based Boyd Gaming Corp. announced Tuesday it expects to break ground on the Wilton Rancheria tribe’s Elk Grove, California, resort on March 9, “with construction commencing shortly thereafter.”
The grocery chain announced Tuesday it will construct a $24 million Smith’s Marketplace at the Cadence master-planned community, anchoring the first phase of 31 acres of commercial development there.
A new report shows Southern Nevada homebuilders started the year with the most sales activity since the frenzied mid-2000s bubble.
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.
Southern California real estate firm Next Wave Investors recently announced that it acquired the 216-unit Spanish Oaks complex for roughly $28.1 million.
Homebuilders bought less land in Summerlin from developer Howard Hughes Corp. last year than in 2019, but the average price for the dirt climbed.
Las Vegas-area home prices were up 7.9 percent year-over-year in December, compared with 10.4 percent nationally, according to the SP CoreLogic Case-Shiller index released Tuesday.