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MGM Cutting Losses by Literally Imploding Harmon Tower

MGM Cutting Losses by Literally Imploding Harmon Tower

By Alex Girda, Associate Editor The Harmon Hotel tower has only brought grief to MGM Resorts International and it looks like the company has had enough. Following a number of legal battles which have been discussed in the Las Vegas business [...]…

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Improving Distressed Properties Means Improving Activity

Improving Distressed Properties Means Improving Activity

By Alex Girda, Associate Editor Serious interest generated by the Strip’s available high-rise residential condominiums has ramped up investor activity in the area, VegasINC magazine reports. According to a study quoted by the business publication, it’s mostly due to the fact [...]…

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Rethinking Development and Investments on the Strip

Rethinking Development and Investments on the Strip

By Alex Girda, Associate Editor For a city in which new development meant nine figures and mega-resorts were a yearly happening, things have changed considerably as a result of the massive hit the Strip has taken from the ongoing recession. Now, [...]…

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Airport Space is Pie in the Sky for Small Retailers; Rental Market Poised for Recovery

Airport Space is Pie in the Sky for Small Retailers; Rental Market Poised for Recovery

By Alex Girda, Associate Editor Las Vegas’ McCarran International Airport is set to receive its third terminal next summer and the amount of real estate space it will boast is already generating a consistent amount of buzz among investors. Local candy, [...]…

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Housing Market Still Lagging, Owners Trade Ambition for Realism

Housing Market Still Lagging, Owners Trade Ambition for Realism

By Alex Girda, Associate Editor Nevada’s housing market is not looking good, especially if you’re a real estate agent. VegasINC magazine used data from a HomeGain survey to point that out this past week. HomeGain is a California-based research and marketing [...]…

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Clean Energy Jobs to ‘LEED’ Way for Las Vegas Job Market

Clean Energy Jobs to ‘LEED’ Way for Las Vegas Job Market

By Alex Girda, Associate Editor Las Vegas will have to market one of its untapped resources in the near future, and this time the entertainment industry is not in play. A Las Vegas Sun story regarding the amount of clean energy [...]…

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CityCenter Tower Stirring Legal Battle on Strip

CityCenter Tower Stirring Legal Battle on Strip

By Alex Girda, Associate Editor The troubled Harmon building has spawned a serious legal dispute between owner MGM Resorts International and CityCenter on one side and general contractor Perini Building Company. The subject of the dispute is the faulty construction of [...]…

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Market Can’t Decide Whether It’s Recovering or Not

Market Can’t Decide Whether It’s Recovering or Not

By Alex Girda, Associate Editor The housing market has been one of the weak points of Las Vegas economy but from time to time there have been indicators regarding a forthcoming recovery. A Las Vegas Review-Journal article pointed to a recent report [...]…

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Recession Still Hitting the Strip, End in Sight, But just Barely

Recession Still Hitting the Strip, End in Sight, But just Barely

By Alex Girda, Associate Editor Reports regarding the housing market, one of the most sensitive areas of Las Vegas real estate, seem to indicate that home values in the gaming haven will revert to their peak levels in 20 years. According [...]…

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Revitalization Planned for Strip; Housing Market Continues to Lag

Revitalization Planned for Strip; Housing Market Continues to Lag

By Alex Girda, Associate Editor Reports on the dire situation of the Las Vegas housing market continue to make headlines. The Las Vegas Review-Journal recently ran a story about a new Home Builders Research report, confirming that the local housing market [...]…

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No Business, As Usual

No Business, As Usual

By Alex Girda, Associate Editor There was no major news recorded in the real estate sector for the city of Las Vegas this past week, but previous reports of the continued downturn haven’t been proven wrong by market realities. After mildly [...]…

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Land Market at All-time Low; Housing on Break From Slide

Land Market at All-time Low; Housing on Break From Slide

By Alex Girda, Associate Editor The neon lights of the Las Vegas strip are unable to shine a light on the city’s by-now famously distressed real estate. Real estate news has been overrun with headlines regarding decaying markets during recent weeks, [...]…

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