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Plans for Record-Breaking Ferris Wheels on a Roll

Plans for Record-Breaking Ferris Wheels on a Roll

By Alex Girda, Associate Editor Caesars Entertainment Corp. has recently announced that its newest eye-catching project is getting off the ground after securing construction permits for what will be the world’s tallest observation wheel, part of Caesars’ LINQ retail, dining and entertainment complex. Dubbed the High Roller, the Ferris wheel…

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MGM Resorts Wins Round on Harmon; Tutor Perini Appeals

MGM Resorts Wins Round on Harmon; Tutor Perini Appeals

By Alex Girda, Associate Editor MGM Resorts International’s woes with the Harmon hotel, part of the CityCenter project, have taken a step toward resolution. The Las Vegas Sun reports that Clark County District Court Judge Elizabeth Gonzalez has approved the company’s plans to implode the problematic structure. However, demolition will not go ahead immediately as…

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World’s First Nobu Hotel Targets Boutique Market

World’s First Nobu Hotel Targets Boutique Market

By Alex Girda, Associate Editor A new hotel bearing the name of renowned chef Nobu Matsuhisa is gearing up for a fall opening at Caesars Palace. The world’s first Nobu Hotel will arrive at a time when the city is looking toward niche boutique hotels to attract a new demographic…

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North Las Vegas Welcomes SpringHill Suites by Marriott

North Las Vegas Welcomes SpringHill Suites by Marriott

By Alex Girda, Associate Editor For North Las Vegas, any bit of good news is welcome in market that continues to struggle. Recently SunWest Commercial provided a breath of fresh air in the form of a 94-key SpringHill Suites by Marriott, the first new local hotel in more than four…

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Officials Approve 350-MW Solar Plant North of Las Vegas

Officials Approve 350-MW Solar Plant North of Las Vegas

By Alex Girda, Associate Editor Clark County is set for a surge of green energy in the form of a 350-megawatt solar plant about 30 miles north of Las Vegas. The federal government recently approved a facility on a site belonging to the Moapa Band of Paiute Indians, the Las Vegas Sun…

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D.R. Horton Unveils Communities; Hsieh Details Downtown Plans

D.R. Horton Unveils Communities;  Hsieh Details Downtown Plans

By Alex Girda, Associate Editor D.R. Horton, one of the country’s largest homebuilders, recently unveiled two of its newly built residential communities in Las Vegas. The company’s local division recently organized a gathering to officially open their two neighborhoods in the southern part of the city. A development dubbed Silverleaf,…

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McCarran’s New $2.4 Billion Terminal Offers High-End Appeal

McCarran’s New $2.4 Billion Terminal Offers High-End Appeal

By Alex Girda, Associate Editor One of the city’s busiest hot spots will get even more visitors later this month when the $2.4 billion Terminal 3 opens at McCarran International Airport. A recent public preview drew a crowd of 15,000 to take a first look at T3, as the new…

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As Strip Development Struggles, Downtown Mounts a Comeback

As Strip Development Struggles, Downtown Mounts a Comeback

By Alex Girda, Associate Editor With development on the Las Vegas Strip consisting mostly of makeovers these days, the market is struggling to find its groove. In a dramatic switch from the past several decades, the center of gravity for development appears to be migrating from the Strip to Downtown, where hotels,…

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New Home Demand and Building Rebound; Land Prices Lag

New Home Demand and Building Rebound; Land Prices Lag

By Alex Girda, Associate Editor After a long drought, the Las Vegas housing market finally has some good news for homebuilders. New home permits are up 40 percent across the board, with Las Vegas, North Las Vegas and Henderson among the most active areas, according to VegasInc. Prices are staging…

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Boyd Keeps Echelon Place Alive After 2 Years of Limbo

Boyd Keeps Echelon Place Alive After 2 Years of Limbo

By Alex Girda, Associate Editor Since financing shortfalls forced Boyd Gaming to halt construction of the $4.8 billion Echelon Place project two years ago, the mixed-use project has stood as a cautionary tale of overreach. Recently, the developers recently took steps to keep the incomplete project alive, petitioning Clark County…

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Seeking Edge, Riviera Takes Bingo Business Digital

Seeking Edge, Riviera Takes Bingo Business Digital

By Alex Girda, Associate Editor It’s no secret that many Las Vegas resorts and casinos have seen better days, but some venerable properties have found life particularly challenging Tin the wake of the Great Recession. The iconic Riviera Hotel & Casino is a Strip mainstay, but delays in developing the Fontainebleau…

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Hughes Sale Adds to $100M Run by CPI/Buchanan Street JV

Hughes Sale Adds to $100M Run by CPI/Buchanan Street JV

By Alex Girda, Associate Editor In the latest in a series of dispositions, CIP Real Estate and Buchanan Street Partners have sold the 114,500-square-foot Konami Building in the Howard Hughes Airport Center to the building’s tenant, Konami Digital Entertainment, the Las Vegas Review-Journal reported. Last December, the partners sold a 425,000-square-foot portfolio at the…

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