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Penthouse at One Queensridge Tower Sells for $7.7M

Penthouse at One Queensridge Tower Sells for $7.7M

A short while after Veer Towers hit the $100 million mark in sales, the Las Vegas condominium market hit another high. Completed by new Las Vegas brokerage Char Luxury Real Estate, the deal for the unfinished Crown penthouse at the One Queensridge Place was worth a record $7.7 million. The…

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John’s Incredible Pizza to Open at Boulevard Mall

John’s Incredible Pizza to Open at Boulevard Mall

By Alex Girda, Associate Editor John’s Incredible Pizza Co. has signed on for 60,000 square feet at Boulevard Mall. The dining and entertainment chain will create about 200 jobs and accommodate up to 1000 guests when it opens its new location later this year. John’s Incredible Pizza combines food with…

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Veer Towers Hits $100M Milestone

Veer Towers Hits $100M Milestone

Veer Towers recently hit a major sales milestone as the company currently in charge of selling units at the property announced it has sold condos worth more than $100 million. Pordes Residential Sales and Marketing has now completed deals for 225 residential units in the Veer Towers complex since it…

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Campaign to Land NHL Team Heats Up

Campaign to Land NHL Team Heats Up

With the Las Vegas Arena project hitting major development milestones recently, discussions of a major sports franchise appearing in Las Vegas are intensifying. After talk of a new MLS franchise coming to the city essentially hit a speedbump, the NHL is the new major sports league targeted by local entrepreneurs.…

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RY Properties Details Plans for Lake Las Vegas

RY Properties Details Plans for Lake Las Vegas

127 acres of land recently traded hands within the Lake Las Vegas community as developer RY Properties is the new owner of a large number of partially improved residential lots in the recovering communities. The $12.5 million deal was closed by The Hoffman Company, an entity that has been very…

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Arena Team Names 1st Founding Partner

Arena Team Names 1st Founding Partner

The new Las Vegas Arena project headed by a partnership between AEG and MGM Resorts International has its first “Founding Partner”. The development team on the project that aims to bolster the amount of high-profile events that take place in Las Vegas has a new name joining. Schneider Electric is…

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Dornin Snaps Up Downtown Office Building

Dornin Snaps Up Downtown Office Building

With the commercial market finding new life in Las Vegas, the Dornin Investment Group has moved to acquire an office asset in the city’s downtown. The investor acquired City Centre Place, with funds for the purchase being provided by real estate finance and investment management firm PCCP, LLC. The buyer…

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BH Properties Buys Addison Complex, Plans Makeover

BH Properties Buys Addison Complex, Plans Makeover

A Las Vegas commercial property was recently acquired by a Los Angeles-based real estate investment company that plans on repositioning it and adding value. BH Properties acquired the Addison Complex facility for a fee of $2.8 million, from seller VanMeetren Family Limited Partnership. BH Properties worked with David Frear, Senior…

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Walgreens on the Strip Hits the Market

Walgreens on the Strip Hits the Market

Marcus & Millichap recently announced that it has begun marketing for a Walgreens drugstore located on the famous Las Vegas Strip. The commercial real estate investment services firm has the exclusive right to offer the net-leased property up for sale. Although the price is currently set as open bid, the…

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Henderson Says No to Land Sale; Planned Resort Remains in Limbo

Henderson Says No to Land Sale; Planned Resort Remains in Limbo

City officials in Henderson passed up on the opportunity to sell federal land to a developer willing to develop a hospitality project in the Las Vegas Valley. Reports indicate that a development team consisting of Kapelfre LLC and CKB Management Affiliates LLC, the latter being an entity controlled by known…

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Kite Realty Group Buys Summerlin’s Rampart Commons in $32 Million Deal

Kite Realty Group Buys Summerlin’s Rampart Commons in $32 Million Deal

The second half of the year meant a substantial increase in the amount of attention the Las Vegas commercial real estate market has seen, with investors dialing in on opportunities throughout the market. Kite Realty Group Trust recently completed the acquisition of Rampart Commons in the city’s Summerlin submarket, an…

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Pulte, Woodside Sign On as Skye Canyon’s First Homebuilders

Pulte, Woodside Sign On as Skye Canyon’s First Homebuilders

This past summer, a number of dormant master-planned communities saw new life, as the city’s resurgence galvanized developer interest in the Las Vegas market once again. Skye Canyon has announced that two home builders have acquired land in the master-planned community, and are now set to carry out the first…

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