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City Hall Opening Boosts Downtown Revival Hopes

City Hall Opening Boosts Downtown Revival Hopes

By Alex Girda, Associate Editor  As Las Vegas struggles to emerge from three years of recession, the recent unveiling of the $185 million city hall offers a glimmer of better things to come. Located at 495 S. Main St.,  the 310,000-square-foot project developed by Forest City Enterprises Inc. is the latest…

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Newest Vegas Megaproject, $470M Arts Venue, Takes a Bow

Newest Vegas Megaproject, $470M Arts Venue, Takes a Bow

By Alex Girda, Associate Editor   For the past several years, Las Vegas has struggled to reclaim its customary investment and development vigor. The city’s newest megaproject is neither a hotel nor a casino, but a quirky $470 million venue for dance, theater, classical music and jazz. In an area where entertainment is synonymous…

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Hooters Hotel’s Next Act Now in Canyon Capital’s Hands

Hooters Hotel’s Next Act Now in Canyon Capital’s Hands

By Alex Girda, Associate Editor Hooters Hotel is on track to change hands by March 30 after its principal creditor, an affiliate of Canyon Capital Realty Advisors, was the sole bidder in a bankruptcy sale last month. The affiliate, Canpartners Realty Holding [...]…

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Henderson Arena Gets $650M Financing Deal

Henderson Arena Gets $650M Financing Deal

By Alex Girda, Associate Editor A $650 million sports arena in Henderson has taken a major step forward with the memorandum of understanding between developer International Development Management L.L.C. and CSST Smart Cities International. The support  of the latter entity’s Chinese [...]…

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Container Store, Arts District Venue Set Spring Debuts

Container Store, Arts District Venue Set Spring Debuts

By Alex Girda, Associate Editor A new retail player is placing bets on the Las Vegas Strip. Town Square Las Vegas will be among six new locations in the U.S. where The Container Store plans to debut this year, the retailer [...]…

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As Retail Struggles Continue, a Henderson Duo Thrives

As Retail Struggles Continue, a Henderson Duo Thrives

By Alex Girda, Associate Editor The Las Vegas retail market remains a troubled corner of the economic landscape. Vacancy hit 10.6 percent during the fourth quarter of 2011, more than three times the 3.2 percent rate recorded at the market’s peak in [...]…

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Siegel Group Plans 2013 Reopening of Former Atrium Suites

Siegel Group Plans 2013 Reopening of Former Atrium Suites

By Alex Girda, Associate Editor The Siegel Group is eyeing a summer 2013 reopening for the former Atrium Suites Hotel in Las Vegas, a distressed 202-key asset on Paradise Road, the Las Vegas Sun reported. A group of investors led by [...]…

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Bellagio Wraps $70 Million Renovation; Hooters Heads for Auction Block

Bellagio Wraps $70 Million Renovation; Hooters Heads for Auction Block

By Alex Girda, Associate Editor .Following the lead of other Las Vegas Strip titans, the Bellagio recently wrapped up a $70 million renovation of its main tower. The renovation comes after a number of makeovers announced or completed by landmark Strip properties [...]…

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Job Growth Fuels Multi-Family Market Revival

Job Growth Fuels Multi-Family Market Revival

By Alex Girda, Associate Editor Las Vegas’ multi-family market appears to be heading for recovery, according to a recent report from Marcus & Millichap Real Estate Investment Services Inc.  In-development retail projects are set to create large amounts of jobs in [...]…

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Excel Trust, Primestor Buys Point to Retail Recovery

Excel Trust, Primestor Buys Point to Retail Recovery

By Alex Girda, Associate Editor If December is “the Black Friday of real estate,” as RealEstate.com’s stated recently, the month has started strong in the Las Vegas market. A pair of retail centers changed hands as their buyers made their debuts [...]…

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Can Valley Condo Market Go any Lower? Office Market Shows Signs of Life According to Area Professionals

Can Valley Condo Market Go any Lower? Office Market Shows Signs of Life According to Area Professionals

By Alex Girda, Associate Editor Investors are acknowledging the opportunities they have received with recent median price slides a Residential Resources of Las Vegas report indicates. Condominium and townhome sales have seen increased interest during the past few months as median [...]…

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Foreclosure Still a Concern and it May Continue to Escalate

Foreclosure Still a Concern and it May Continue to Escalate

By Alex Girda, Associate Editor The Las Vegas housing market has been one of the hardest hit in the country. Now that prices seem to be nearing the bottom, some had hoped that the foreclosure epidemic would wind down, but that [...]…

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