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KRE, Dune Acquire 5 M-F Assets for $237M; South Blvd. Apartments Fetches $42M

KRE, Dune Acquire 5 M-F Assets for $237M; South Blvd. Apartments Fetches $42M

By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Las Vegas’ residential market ended 2013 with a flurry of high-profile multi-family transactions. In a $237 million deal, KRE Capital and Dune Real Estate Partners teamed up to acquire five residential properties comprising 1,435 rental and condominium units, VegasINC.com reports.…

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Henderson’s $1.6B Union Village Wins Hospital Commitment from Valley Health

Henderson’s $1.6B Union Village Wins Hospital Commitment from Valley Health

For a while now, a massive health care-centric development has caught the attention of media outlets as the ambitious project aimed to create a new community in Henderson, relying mainly on a number of facilities aimed at providing quality health care for the region. Union Village is set to cost…

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Juno Plans Fall 2014 Opening for Bazaar-Flavored Retail Project on the Strip

Juno Plans Fall 2014 Opening for Bazaar-Flavored Retail Project on the Strip

With the office market showing signs of life and the residential market having its best year since the downturn, Las Vegas’ retail market has also seen important boosts in terms of new projects and completions. One of the largest projects of its kind, the Grand Bazaar Shops will attempt to…

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MVP Wraps $55M Office Acquisition as Market Shows Signs of Reversing Decline

MVP Wraps $55M Office Acquisition as Market Shows Signs of Reversing Decline

A few weeks ago it was revealed that an office deal is going on where MVP Real Estate Investment Trust Inc kept closing deals for buildings part of a local office park. Now the company has completed yet another deal, this time for the final asset in the campus at…

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CITRA Wins City Approval, Incentives for $71M Downtown Healthcare/Assisted Living Complex

CITRA Wins City Approval, Incentives for $71M Downtown Healthcare/Assisted Living Complex

By Alex Girda, Associate Editor As the Downtown Project led by Tony Hsieh gathers momentum, a major healthcare and residential project has reached a major milestone. The Las Vegas City Council recently approved an agreement with developer CITRA Real Estate Capital for Symphony Park, a $71 million skilled nursing and…

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CIM Launches Downtown3rd Entertainment District After Makeover

CIM Launches Downtown3rd Entertainment District After Makeover

By Alex Girda, Associate Editor Notwithstanding the struggles experienced by the Las Vegas residential market in recent years, the area is getting repeated reminders that its entertainment, hospitality and gaming sectors are bouncing back nicely. A recent case in point is the makeover of Downtown Grand Las Vegas. Renovated and…

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Medical Schools Planned for UNLV, UNR; MVP Closes on 5th Building in $55M Office Portfolio

Medical Schools Planned for UNLV, UNR; MVP Closes on 5th Building in $55M Office Portfolio

As the Las Vegas market sees signs of improvement in terms of home prices and the office sector is finally showing signs of life, recent headlines were made by the University of Nevada Las Vegas. The institution is reportedly looking to create a new medical school to add to its…

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Las Vegas Home Prices Gain Again As Market Draws Institutional Investors

Las Vegas Home Prices Gain Again As Market Draws Institutional Investors

As this summer’s last number should have come in by now, studies show that the Las Vegas housing market has seen its average price growth outpace the national averages once again in August. The city’s housing market is seeing consistent improvement and has been doing so for a number of…

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Caesars, Gansevoort Part Ways on $185M Bill’s Gamblin’ Hall Makeover

Caesars, Gansevoort Part Ways on $185M Bill’s Gamblin’ Hall Makeover

By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Caesars Entertainment’s $185 million makeover of Bill’s Gamblin’ Hall & Saloon is going forward without one of its original partners. In response to concerns raised by Massachusetts regulators about an investor’s alleged links to Russian crime syndicates, Gansevoort Hotel Group…

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New Office Product Nears Debut as Job Picture Brightens

New Office Product Nears Debut as Job Picture Brightens

By Alex Girda, Associate Editor As office rents stabilize and surge of new office product approaches the Las Vegas market, a new study confirms that local economic fundamentals are continuing to improve. Employment improved to the tune of a 2.3 percent increase in payroll, reflecting the creation of 19,300 jobs…

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Shops at Summerlin Lands Nordstrom Rack for Fall 2014 Opening

Shops at Summerlin Lands Nordstrom Rack for Fall 2014 Opening

As new areas of the city’s real estate market such as residential and office show signs of improvement, it helps to know that Las Vegas still packs a punch when it comes to retailers. Seattle-based clothing retailer Nordstrom has recently announced that it is expanding its operations with a new…

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The Residences at Mandarin Oriental Reach Sales Milestone

The Residences at Mandarin Oriental Reach Sales Milestone

As the Las Vegas residential market fights for its life, with Nevada’s foreclosures once again at the top of the national chart in a time when homebuilding is at the top of its game, it seems that the market might find a typically flashy savior, considering the context. According to…

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