Tower 16 Capital Partners announced this week that it acquired the 540-unit Cornerstone Crossing for $49.75 million in a joint venture with Henley USA.
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 Las Vegas market’s “resurgence” creates “a tremendous opportunity for JCJ,” President Peter Stevens said in the news release.
A Los Angeles real estate firm picked up two more apartment complexes in the Las Vegas Valley, bringing its local holdings to more than 3,200 units.
Shalena Earnheart, who claimed ownership of a dead woman’s Las Vegas house, has pleaded guilty to stealing the home with a forged deed and trying to take control of her estate with a forged will.
A few weeks before the Lucky Dragon held its grand opening with dragon and lion dancers, a top executive promised big things. Less than two years later, the bankrupt resort is set for a full shutdown.
Construction is gaining speed in Las Vegas, but if you want to see a glaring difference between today’s market and that of the mid-2000s bubble, just look at developer Jorge Pérez.
Las Vegas apartment rents are growing at one of the fastest rates in the country, and the vacancy rate is lower than most, a new report shows.
Opendoor announced Thursday that Japanese billionaire Masayoshi Son’s SoftBank Vision Fund invested $400 million in the company. It did not disclose SoftBank’s ownership stake, but Opendoor said it has obtained more than $1 billion in total equity investments and $2 billion in debt.
Related Group, is in the process of buying three project sites in the southwest Las Vegas Valley to build rental complexes.
Las Vegas homebuilders are fetching rapid sales and record prices, a new report shows, but President Donald Trump’s tariffs are inflating construction costs amid heightened affordability concerns.
Southern Nevada prices were up 13.7 percent in July from a year earlier, compared to 6 percent nationally, according to the SP CoreLogic Case-Shillerindex released Tuesday.
With Carson Kitchen, Donut Bar and other eateries nearby, developer J Dapper has bought a downtown office building and plans to bring more restaurants to the area.
Locally, rental prices for houses were up 5.7 percent in July from the same month last year, compared to 3 percent year-over-year nationally, housing tracker CoreLogic reported this week.