Nevada
VICI to Acquire Blackstone Stake in Vegas’ MGM Grand, Mandalay Bay Resorts
(Updated with additional information) Blackstone Real Estate Income Trust, Inc. (BREIT) and VICI Properties Inc. said Thursday that VICI would… Read more
Meridian Arranges Refi on Suburban Vegas Office Complex
Meridian Capital Group recently arranged $33.7 million on behalf of Hertz Investment Group, a fully integrated real estate firm with properties in… Read more
Blackstone Reaches $5.7B Agreement for Sale of The Cosmopolitan in Vegas
Blackstone Real Estate Partners VII L.P. said Monday it had agreed to sell The Cosmopolitan of Las Vegas for $5.65 billion. The sale price… Read more
Women in Real Estate 2020: Logic’s Natalie Wainwright is a Leader for Women’s Rights
Natalie Wainwright is a leading tenant rep office broker in Las Vegas, where she serves as Vice President at Logic… Read more
SRS Real Estate Partners Expands into Las Vegas
SRS Real Estate Partners expanded its team with the addition of Frank Volk as managing principal. He will lead SRS’… Read more
Lincoln Property Co. Enters Nevada Market with Industrial Portfolio Buy
Lincoln Property Company (LPC) purchased Hughes Airport Center, its first-ever asset in Nevada. The industrial portfolio totals 425,752 square feet… Read more
Colorado & Nevada Join California, Oregon & Washington in Western States COVID-19 Pact
Colorado Governor Jared Polis and Nevada Governor Steve Sisolak on Monday announced their respective states are joining California, Oregon and… Read more
Novolex Doubles-Down with 195K SF at Lear Industrial Center
Sustainable paper and plastic packaging company Novolex has renewed its existing 97,500-square-foot lease and committed to an additional 97,500 sq.… Read more
Shopoff Sells 34 Acres Entitled for Rancho Village Multifamily
Shopoff Realty Investments (“Shopoff”) has successfully sold its ownership interest in 33.5 acres of land in Las Vegas, NV. The property… Read more
Raiders Sign Lease for Allegiant Employee Parking; Earmark $50M for Stadium Parking
The Raiders have leased 20-acres from Clark County for up to 2,760 spots of event-day employee parking. A shuttle bus… Read more
Silverstein/CantorFitz JV Preps for LV Opportunity Zone
A joint venture of New York City’s Silverstein Properties and Cantor Fitzgerald has announced a 9.6-acre opportunity zone-qualified project site… Read more
Mesirow Financial Acquires Raiders HQ for $191 Million
Chicago-based Mesirow Financial has completed a sale-leaseback acquisition, valued at $191 million, for the under-construction Raiders football practice and operations… Read more
CIM Group Tops Out in Las Vegas at Downtown Grand Expansion
Progress is on track for a 2020 opening of a new eight-story hotel tower at CIM Group’s Downtown Grand Hotel… Read more
Clarion Acquires Reno’s Lear Industrial Center for $117M
Clarion Partners LLC has acquired Lear Industrial Center in Reno, NV, for $117 million. The seller, Panattoni Development Company, originally… Read more
Logic’s Wainwright on What’s Driving Southern Nevada Office Market
By Dennis Kaiser Logic Commercial Real Estate’s recent expansion of its Las Vegas brokerage team entailed the addition of Natalie… Read more
CAI Acquires Harrah’s Reno for $50M; Plans Set for Reno City Center MXU
Las Vegas-based CAI Investments has acquired Harrah’s Reno Hotel & Casino from VICI Properties and Caesars Entertainment for $50 million.… Read more
NKF Brokers Sale of Las Vegas Multifamily
A Las Vegas-based Newmark Knight Frank (NKF) multifamily investment sales specialist team of Angela Bates, Curt Allsop and Vittal Ram… Read more
Natalie Wainwright Joins Logic in Las Vegas to Lead Office Tenant Rep Division
Logic Commercial Real Estate expanded its Las Vegas brokerage team with the addition of Natalie Wainwright, who joins the firm… Read more
Service Properties Trust Sells Red Rock Resorts HQ for $57M
Service Properties Trust has sold the Red Rock Resorts, Inc. headquarters to an undisclosed buyer for $57M. JLL Capital Markets… Read more