Dreamscape Companies recently announced that it raised $850 million in capital and is launching a real estate investment trust.
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.
Vici Properties, the biggest property owner on the Strip, generated $2.6 billion of revenue last year, up 72 percent from 2021.
Buildings and other structures that comprised the property are gone after Station Casinos said last summer it would demolish the property.
Nationwide, the pace of resales “waned” for the 12th consecutive month in January.
Dreamscape Companies raised $850 million and will use some of the funds to bankroll a “multi-phase renovation” of the Rio.
Some casino operators touted the benefits of owning their properties or stated they aren’t looking to sell them and rent them back.
The football boss sold the unit to David Goggins, an author, long-distance runner and former Navy SEAL.
Joe DeSimone held a ceremonial groundbreaking Tuesday for a six-story, Atwell Suites-branded hotel in the parking lot of The Pass.
Colliers International announced that it relocated to a newly constructed four-story office building in the southwest valley.
A company has announced plans to open a Bottled Blonde location in the Grand Bazaar Shops, the open-air retail hub outside Horseshoe Las Vegas, formerly Bally’s.
It features wall-mounted lanterns and planter boxes, a fountain, and “storefront” windows for eateries named after the owners’ kids.
The average monthly rent for a Southern Nevada apartment was down 1 percent from 2021, following a 22 pecent increase that year.
Las Vegas has some of the world’s biggest hotels, and resort operators and other businesses regularly roll out new ways to capture tourists’ attention and dollars.
Work crews are scheduled to break ground this month on a 324-unit rental project several miles south of the Strip.
A tribal nation that acquired most of the Route 91 site is buying the former White Sands Motel for more than $10 million.