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Blackstone Acquires The Cosmopolitan from Deutsche Bank in $1.7 Billion Deal

Blackstone Acquires The Cosmopolitan from Deutsche Bank in $1.7 Billion Deal

In one of the largest deals recorded this year in commercial real estate, Deutsche Bank recently announced that it had reached an agreement for the sale of The Cosmopolitan of Las Vegas, one of the most high-profile hotel & casino properties in the city. Buyer Blackstone Real Estate Partners VII…

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MGM Resorts Unveils Plans for The Park, Promenade Linking New York-New York, Monte Carlo

MGM Resorts Unveils Plans for The Park, Promenade Linking New York-New York, Monte Carlo

MGM Resorts International recently unveiled its plan to round out an important part of the Las Vegas Strip where the company currently operates a number of resorts that are experiencing their own changes. The company has announced The Park, a concept that will take shape on the west side of…

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SolarCity Expands to Nevada, Will Serve Metro Las Vegas Starting this Fall

SolarCity Expands to Nevada, Will Serve Metro Las Vegas Starting this Fall

The emergence of solar power as a viable option of fueling residences during recent years has been a lucrative enterprise in the California and Arizona, two of the sunniest states in the entire country. Now, Nevada is seeing serious interest from one of the largest companies committed to raising the…

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MGM Resorts Plans $86M Expansion of Mandalay Bay Convention Center

MGM Resorts Plans $86M Expansion of Mandalay Bay Convention Center

Mandalay Bay Resort and Casino has announced plans to expand its Convention Center in a bid to answer the growing demand for meeting space in the city of Las Vegas. Announced plans for the facility would bring the total amount of available convention space at Mandalay Bay to over two…

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Revived Master Plan Would Bring 15,000 New Homes to North Las Vegas

Revived Master Plan Would Bring 15,000 New Homes to North Las Vegas

One of the largest residential projects in the entire state of Nevada has found new life as developers have expressed the intention of breaking ground on a master-planned community in North Las Vegas.…

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High-end Summerlin Office Property Hits the Market; Gladstein Group Gets Listing

High-end Summerlin Office Property Hits the Market; Gladstein Group Gets Listing

A rare opportunity for a high-end office acquisition recently presented itself in the Summerlin master-planned community. Sam Gladstein, the president of the Gladstein Group, was named the exclusive sales agent by the Donald W. Reynolds Foundation for the property located at 1701 Village Center Circle. According to a recently issued…

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Capital Square Realty Buys CVS Store in the Heart of Strip’s Development Boom

Capital Square Realty Buys CVS Store in the Heart of Strip’s Development Boom

The appeal of the country’s second largest pharmacy chain was visible recently when Capital Square Realty Advisors, LLC announced that a company affiliate completed the purchase of a CVS retail facility located on the famous Las Vegas Strip. With the property’s surroundings going through extensive modifications, the move is relevant…

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Century Communities Acquires Dunhill Homes’ Las Vegas Operations

Century Communities Acquires Dunhill Homes’ Las Vegas Operations

With the city’s residential market being on an upward trend, some investors have oriented their strategy towards expanding their existing operations in the area. Such a move was recently made by home builder Century Communities. The company recently announced that it had acquired the operations and assets of Dunhill Homes…

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Sansone Plans $23 Million Makeover for Boulevard Mall

Sansone Plans $23 Million Makeover for Boulevard Mall

With the city’s retail market still one of the pillars of its economy, a new refurbishment project was recently announced by commercial real estate firm Sansone Companies. The entity is looking to take an aging Las Vegas shopping center through an extensive renovation process that would add value and revive…

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Former North Las Vegas City Hall Awaits Next Chapter

Former North Las Vegas City Hall Awaits Next Chapter

The former municipal building has a number of attributes that could count for a large number of investors, and upgrades that could be considered important assets. The former City Hall building is located at the center of the redevelopment district and offers great proximity to dining and transportation. The building…

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Vestar Gives The District at Green Valley Ranch in Henderson a $3M Makeover

Vestar Gives The District at Green Valley Ranch in Henderson a $3M Makeover

By Alex Girda, Associate Editor After a $3 million renovation, Vestar Development  has re-unveiled the District at Green Valley Ranch, a 384,100-square-foot retail center in Henderson, according to rentv.com.  A joint venture of Vestar and Rockwood Capital acquired the property two and  a half years ago in a $79 million deal.…

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Economy Watch: Service Sector Sees Higher Revenues; Vegas Residential Market Still on the Mend

Economy Watch: Service Sector Sees Higher Revenues; Vegas Residential Market Still on the Mend

Most service-sector businesses gained revenue between the fourth quarter of 2012 and the fourth quarter of 2013. Also, Las Vegas continues to shift from short sales to traditional sales.…

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