Faraday Future, whose much-hyped car plant in North Las Vegas never came out of the ground, has sold its land for less than half the asking price to a Canadian investment firm.
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.
The New York financial giant, said to be eyeing deal for Bellagio and MGM Grand, is a major buyer of Las Vegas real estate, including The Cosmopolitan of Las Vegas and the World Market Center.
A few months after it celebrated a massive expansion plan, Switch appears to have bought big tracts of land near its Las Vegas headquarters.
The leases bring tenants to offices that had sat dormant at Town Square since the retail-focused project opened a dozen years ago at the corner of Las Vegas Boulevard and Sunset Road.
The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.
The Siegel Group, new owner of the building that houses the Can Can Room, levied numerous allegations in court papers against club owner Sam Aldabbagh.
The Illinois-based pharmacy giant has put its property near Showcase Mall on the market for $40 million.
MGM Resorts International announced this week that the site of the 2017 mass shooting would be used for parking until a planned community facility is built. The property’s previous owner, Circus Circus Enterprises, had used it for employee parking in the 1990s.
With home prices rising at a much slower rate than last year, Las Vegas’ market is “coasting along.”
Casino owner Derek Stevens plans to build a 62,976-square-foot warehouse at the northeast corner of Bonanza Road and Main Street, records show.
UNLV has long been known as a commuter school, but this year, three big residential complexes have opened on or near the campus.
The Sahara name has returned to Las Vegas Boulevard – along with new hopes for a rejuvenation of the struggling north end of the Strip.
The biggest parcel that sold at the Bureau of Land Management auction Thursday spans 270 acres in the upper northwest valley.
The Las Vegas Valley has seen plenty of construction success stories, but it also boasts a long history of developers pitching big plans and never following through.
Although it was not enough to hold onto the top spot, home prices were up 5.5 percent year-over-year in June, compared with 3.1 percent nationally.
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