Nevada
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
Bixby Land Promotes Two Executives
Newport Beach-based Bixby Land Company has promoted Asset Manager Lindsey Olson to the position of the company’s Director of Operations,… 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
Hilton Flag Trio to Brand $4.3B Resorts World Las Vegas
Resorts World Las Vegas and Hilton are partnering to bring three of Hilton’s premium flags to the $4.3 billion integrated… Read more
Industrial’s Top Markets by the Numbers
For net absorption, California’s Inland Empire represents an unassailable peak among U.S. industrial markets, in terms of both fourth-quarter and… Read more
Las Vegas Dream Set for South Strip Development
A joint venture of Shopoff Realty Investments and Contour has acquired a 5.25-acre opportunity zone development site for a reported… Read more
Blackstone JV Closes on $4.6B Deal for MGM Grand, Mandalay Bay
MGM Resorts International, MGM Growth Properties (MGP) and Blackstone Real Estate Income Trust (BREIT) closed on their previously announced transaction… Read more
Harsch Completes 170K-SF Industrial in North Las Vegas
Oregon-based Harsch Investment Properties has completed development for Speedway Commerce Center IV, a 168,000-square-foot industrial building located at 6101 North… Read more
Single-Asset and Portfolio Sales Set Record as Entity-Level Deals Plummet
Fourth-quarter commercial property sales of single assets and portfolios totaled $150.7 billion, the highest quarterly total of such deals on… Read more
Meridian Office Campus I & II Sells to Nevada Buyer for $40M
Western Union sold its former global headquarters buildings, Meridian Office Campus I & II, to a Reno, NV group for… 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
U.S. Multifamily Acquisitions Hit Record Highs
U.S. multifamily acquisitions rose by 4.4% last year to $184 billion, the highest volume since Real Capital Analytics began tracking… 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
Blackstone-Sponsored JV to Pay $4.6B for MGM Grand and Mandalay Bay
Blackstone Real Estate Income Trust (BREIT) and MGM Growth Properties LLC (MGP) formed a joint venture to acquire the real… Read more
Examining Supply’s Effect on U.S. Self Storage Industry
New supply is continuing to depress U.S. self storage street rates, which dropped in around 75% of the top U.S.… 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