A warehouse developer has started building a $70 million industrial project in North Las Vegas.
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.
Colliers International will move its local headquarters to a planned four-story, roughly 100,000-square-foot office building in the southwest Las Vegas Valley.
If all went according to plan, visitors — by now — would see an arena with a retractable roof and a five-star hotel developed by ex-NBA player Jackie Robinson on the Las Vegas Strip.
Las Vegas resorts are packed with guests, and the economy is on strong footing. But hotel-casino construction has had a spotty track record since the recession.
While U.S home prices rose at a slower pace in May, Las Vegas homes rose 6.4% to lead the nation, says a report out Tuesday.
Las Vegas homebuilders are selling fewer homes and notching slower price growth this year, similar to the resale market, a recent report shows.
The purchase was Tower 16’s fifth in the Las Vegas area.
Las Vegas’ wheeler-dealer, boom-and-bust real estate market is almost never boring. But even by Vegas standards, a sale that closed a year ago this week was especially head-turning.
Following the February death of Bob Massi, a lion-haired Las Vegas Valley lawyer and television personality, his law firm now is in the hands of his son.
The deep-discount airline, which has owned golf-course-management software firm Teesnap since 2013, is also developing a 22-acre riverfront resort in Florida.
Jim Rhodes, whose past projects include the Rhodes Ranch golf course community, sold his 2-acre spread in the southwest valley.
If someone buys The Howard Hughes Corp., it would put the Las Vegas Aviators, its ballpark, the Downtown Summerlin mall and thousands of acres of suburban Las Vegas land in new hands.
Las Vegas may be crammed with cookie-cutter stucco houses, but there are also plenty of mansions around the valley with wine cellars, game rooms, gyms, movie theaters, and other pricey amenities.
A complex that promised Australian cuisine, bars and nightlife in the Arts District is in doubt after construction stalled and the landlord took the operators to court.
The developer said Tuesday it expects to break ground in November on Del Webb at Lake Las Vegas.
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