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.
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.
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.
Less than two years after it opened, the Lucky Dragon’s hotel tower is set to close and the property is again headed toward a foreclosure sale.
Lehman Brothers issued at least $1.1 billion in loans between fall 2004 and early 2008 for a dozen deals in the Las Vegas area. Some loans were bigger than others, but the properties all ran into problems.
The apartments can be small and the rents aren’t cheap, but dozens of tenants have moved to the new Fremont9 complex downtown, a member of the development team said Tuesday.
Several months after its casino building closed, the Lucky Dragon’s hotel tower could soon be shuttered too.
An interior decorator and real estate investor bought Ted Binion’s former home in March 2017 for $820,000.
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.
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.