The property owners are seeking $7 million an acre, or $182 million total, for the spread near Mandalay Bay.
Real Estate Insider
Eli Segall’s Real Estate Insider column appears Saturdays in the Business section.
esegall@reviewjournal.com … @eli_segall on Twitter. 702-383-0342
Over the past year or so, Las Vegas has seen a rising tally of sales and construction plans involving vacant land, retail properties and hotels on or near its famed casino corridor.
Las Vegas home prices are skyrocketing, but as borrowing costs climb, buyer activity is down.
Las Vegas Boulevard’s decades-old motor lodges, holdovers from the casino mecca’s early years, are small, no-frills affairs. One is up for sale at a hefty price.
Las Vegas real estate investor Steve Siegel is perhaps best known for his portfolio of low-priced apartment complexes bearing his name, but now he is the Strip’s newest landowner.
Major projects do get built in America’s gambling capital, and there are always people willing to spend time and money outside the casino floors.
Amid a warehouse boom that has depleted the tally of potential project sites in the valley and pushed up land prices, Apex is seeing more construction plans.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.
A Canadian real estate developer has expanded to the U.S. with a warehouse project slated to be finished at year’s end.
A local developer has launched a new apartment project in downtown Las Vegas after he built and leased one up in the Arts District.
A Walgreens-occupied commercial complex at the northeast corner of Las Vegas Boulevard and Sahara Avenue recently sold for $57 million. It once was the site of the planned Ivana Trump-branded condo complex.
After unveiling a lucrative deal to sell its Boston-area casino and rent it back, Wynn Resorts’ boss put the kibosh on doing the same in Las Vegas during an earnings call this week.
Fueled by cheap money, Las Vegas is in a prolonged homebuying boom.
A contractor named Morry Mason linked the swanky Miami Beach hotel to America’s gambling capital.
Just over four years after Wynn Resorts announced it was acquiring land next to Fashion Show mall, it still hasn’t confirmed what it will do with that site.
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