Black Creek Group purchased Raceway Industrial Park for $62.4 million from Houston real estate giant Hines, listing brokerage Colliers International announced Friday.
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.
Construction crews have begun site work on The Bend, an eatery-heavy project in the southwest valley that also would include a movie theater.
Nevada’s unemployment rate has tumbled to the lowest point in more than 20 years as the state continues shaking off the devastating effects of the Great Recession.
Allegiant Air’s parent company booked its 17th consecutive profitable year in 2019 as revenue growth outpaced expenses.
Las Vegas home prices rose slower than the national average in November, a new report shows.
The U.S. ended 2019 with more hotel construction in the pipeline than the year before and a record number of projects being built, according to a new report.
Developer Jonathan Fore, who built Lotus along Spring Mountain Road near Valley View Boulevard, wants to build a seven-story, 170-unit complex nearby called The Pearl.
Southern Nevada’s apartment market heated up over the past several years with a flood of new projects and lucrative investor purchases.
Atari announced a licensing agreement Friday with Phoenix developer True North Studio and a firm called GSD Group to build Atari-branded hotels in eight U.S. cities.
Developer Steve Witkoff, who bought the partially built Fontainebleau in 2017, expects to close on a roughly $2 billion construction loan for the Drew Las Vegas.
Room rates are climbing an average of about 89 percent across 40 properties on or near the Strip during the draft, according to figures Wednesday on Hotels.com.
Drugstores on tourist-choked Las Vegas Boulevard are big business, commanding outsize rents, strong retail sales and, as the recent purchase shows, high property values.
Blackstone’s latest deal means it will be the landlord for MGM Resorts’ top three money-makers on the Strip.
Las Vegas’ foreclosure rate was above the national average in 2019 but fell to its lowest point in years, a new report shows.
Las Vegas’ apartment rent growth slowed last year while vacancies ticked higher, a new report shows.
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