Motel 6, at 6585 Speedway Blvd. off Interstate 15, opened for business Sept. 1, said John Mulkey, a partner with developer and owner CCM Hospitality.
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 Westin, 160 E. Flamingo Road, was purchased by hotel operator Highgate, according to property records, which indicate that investment firm Cerberus Capital Management also partnered on the deal.
Las Vegas has a higher rate of deeply-late borrowers than the country at large, but that’s tumbled as well, as Southern Nevada continues to shake off its problems from the the recession.
Las Vegas flippers on average sold houses in the second quarter for $54,600 above what they bought them for, producing a gross return on investment of 27.6 percent.
In both places, a rapid acceleration in the mid-2000s was followed by a devastating crash, and the current recovery is nowhere close to recouping all its losses.
Kingman isn’t roaring with growth today, and despite Las Vegas’ fast-rising home prices, it seems unlikely that Kingman will become a commuter town anytime soon.
Las Vegas house prices last month were well above year-ago levels, but inventory rose as the market shows some signs of easing up on the gas pedal.
Situated 60 miles west of Las Vegas, Pahrump has legal brothels, widespread gun ownership and a lot of retirees. But along state Route 160, not far from the RV Superstore, those with a taste for sports cars have a place to burn rubber.
When MGM Resorts International announced this spring that it was selling the Mandarin Oriental, it left out an important part: the buyers.
A warehouse developer has bought a spread of land in North Las Vegas from a wireless-communications giant whose planned project there fizzled.
Las Vegas homebuilders notched a 20 percent year-over-year increase in July sales and fetched a median price that was 17 percent higher than a year earlier, a new report shows.
Greenberg Traurig announced this week that it set up shop on the top floor of the six-story, suburban Las Vegas building known as Two Summerlin.
The median sales price of previously owned single-family homes in Las Vegas was $290,000 in July. Here’s a look at what that gets you around the valley.
Southern Nevada home prices rose 13 percent in June from a year earlier, compared with a 6.2 percent rise nationally, according to the SP CoreLogic Case-Shiller index released Tuesday.
President and CEO Fred Tuomi “will be taking a temporary leave of absence to care for a family member’s medical issue,” Invitation announced Monday. The Dallas-based company did not elaborate on the issue, nor did it say when Tuomi was expected to return.