Las Vegas
The Boring Company Looking at Austin Tunnel
Elon Musk’s The Boring Company (TBC) has taken out a building permit in Austin which simply says “The applicant is… Read more
Phoenix’s Foothills Corporate Centre Sold, Will Take on New Look
The 110,000-square-foot office was sold by SDC Foothills and the buyer was WG Group. This is WG’s first foray into… Read more
ZMR Breaks into Las Vegas Market with Multifamily Rental Buy
The 216-unit Sunridge marks the entry into the Las Vegas market for the Florida-based multifamily investment firm. “The Las Vegas… Read more
Next Wave Sells Las Vegas Asset After 15 Month Hold
The Spanish Oaks was sold for $50 million. Next Wave acquired the property in February of 2021 for $28.5 million.… Read more
A Turning Point in the Housing Market?
Very, very, very slight signs are signaling potential change in the single-family housing market. Specifically, Realtor.com’s prediction is that May… Read more
Las Vegas’s Largest Multifamily Property Changes Hands, to Get Major Revamp
The Harbor Island Apartments was acquired by Laguna Point Acquisitions for $126 million. That comes out to $126,506 per unit.… Read more
Boring Company’s Vegas Strip Loop Nearing Final Approval
Casino operators have said above-road surface congestion is stymying growth opportunities at the ever popular venue. The newly drilled tunnels… Read more
Origin Cites Sun Belt Markets as Best for Multifamily Investment
Private equity real estate fund manager Origin Investments has released a report, Multifamily Markets to Watch, that cites Sun Belt… Read more
CapRock Partners Unloads Phase I, Starts Work on Phase II
CapRock Partners has sold the CapRock Tropical Logistics Phase 1, a North Las Vegas industrial site with 1.1 million square… Read more
VICI Finalizes $17B Acquisition of MGM Growth Properties
Experiential REIT VICI Properties Inc. has closed on its $17.2-billion acquisition of MGM Growth Properties (MGP), first announced last August.… Read more
Kennedy Wilson Closes on Three Mountain West Multifamily Communities
In the same announcement Kennedy Wilson (NYSE:KW) touted the purchase of three apartment complexes, the company said it was also… Read more
Rockefeller Group Closes First Las Vegas Deal
When it comes to Las Vegas, the Rockefeller Group is not thinking skyscrapers. The firm that developed the Rockefeller Center… Read more
Higher Investor Activity Anticipated Despite Headwinds
The Russia-Ukraine war, labor shortages, supply chain disruptions and inflation continue to drive headlines and commercial real estate investment intent.… Read more
Siegel Group in $75M Deal to Buy 10 Acres on Las Vegas Strip
Commercial real estate investment and management company The Siegel Group says it has acquired three parcels totaling approximately 10 acres… Read more
Oak View Group Plans $3B Entertainment District South of Vegas Strip
Oak View Group (OVG) plans a 2023 groundbreaking for a $3-billion entertainment district in Las Vegas, including an arena. The firm has… Read more
Las Vegas’ Medical District Sees Another Sale
Two stories and 80 percent leased, Shadow Professional Center in Las Vegas has sold for $8.6 million, according to Newmark,… Read more
Cypress West Partners Adds Medical Offices to Portfolio Near Las Vegas
A four-building medical office/services portfolio near Las Vegas has moved from sale to sold in a recent $17.1 million deal.… Read more
Nitya Capital Closes Multi-City, Multifamily Property Deal Adding Properties in High-Growth US Markets
Houston-based Nitya Capital, a privately-owned real estate investment firm and operating company, announced an acquisition of 11 multi-family properties across… Read more
Chicago Bears Hire JLL to Help Prep Plans for New Suburban Stadium
The Chicago Bears NFL football team has hired an architect and consultant, as well as JLL, to prepare plans for… Read more