The house at the valley’s southern edge boasted a “wellness center,” movie theater, wine gallery, fire pits and electric shades.
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.
Brett Torino and Paul Kanavos have already teamed up to build retail projects in the heart of the casino corridor.
Developers Brett Torino and Paul Kanavos, who built Harmon Corner and are working on the 63 retail center, would become the owners of property near the Convention Center.
Hard Rock International is looking to build a 600-room high-rise along Las Vegas Boulevard.
The purchase marks the latest real estate transaction for the Raiders, whose owner, Mark Davis, has assembled a big portfolio of properties in the valley.
“Instead of sellers having the advantage, buyers are now in a better position,” Las Vegas Realtors President Lee Barrett said.
Ten years ago, Genting Group bought the Resorts World Las Vegas site at a bargain price.
The Howard Hughes Corp., developer of Las Vegas’ largest master-planned community, named Frank Stephan as its Nevada regional president.
The casino operator’s logo is now at the top of a new 10-story suburban office building just south of Las Vegas Ballpark.
Some signs of an uptick follow a year in which homebuyers, locally and nationally, pulled back amid a sharp rise in mortgage rates.
Dreamscape Companies recently announced that it raised $850 million in capital and is launching a real estate investment trust.
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.
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