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IKEA Eyes Spring Valley for First Las Vegas-Area Store

IKEA Eyes Spring Valley for First Las Vegas-Area Store

IKEA has announced that it is developing a brand new Las Vegas-area store, part of its current initiative to significantly expand its operations in the western United States. The Swedish retailer has reportedly filed paperwork with Clark County, Nevada for the construction of a new facility that would be completed…

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Partners Capital Acquires Sunset Shopping Center in Henderson

Partners Capital Acquires Sunset Shopping Center in Henderson

The city’s retail market is currently seeing some relief, with a rebound well underway in terms of development and acquisitions. With rents finally headed towards a positive year-on-year change, investors are once again looking toward the Las Vegas market for opportunities. A joint venture created by Partners Capital and its…

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Dornin Buys Seven Hills MOBs in Henderson

Dornin Buys Seven Hills MOBs in Henderson

The Seven Hills Medical Center in Henderson was recently purchased by Dornin Investment Group in an all-cash deal. The buyer acquired the medical office buildings located in the planned Seven Hills community as part of a 1031 exchange arranged on behalf of both the buyer and seller by Jason Lesley…

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North Las Vegas Approves SunCal’s Master Plan for Park Highlands West

North Las Vegas Approves SunCal’s Master Plan for Park Highlands West

SunCal is adding to the master planned community wave that has hit the Las Vegas area in recent months as a number of projects were revived by developers. The North Las Vegas City Council recently gave its approval to master developer SunCal’s proposed Park Highlands West community project. The development…

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Las Vegas Wins $28M in Affordable Housing Incentives; Relaxed Laws for Medical Marijuana Could Spur Space Demand

Las Vegas Wins $28M in Affordable Housing Incentives; Relaxed Laws for Medical Marijuana Could Spur Space Demand

By Alex Girda, Associate Editor About $28 million in federal financing for affordable housing is headed to Las Vegas.  Under the New Markets Tax Credits program, investors will get incentives to invest in development targeting residents at the lower end of the income scale. According to The Las Vegas Review-Journal,…

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Master-Planned Communities Line Up at the Starting Gate

Master-Planned Communities Line Up at the Starting Gate

After it was recently revealed that Downtown Summerlin is set to put one of the most ambitious master-planned projects in the entire Las Vegas Valley to the test of commercial real estate this fall, a number of long-dragged master-planned communities across the Las Vegas area are also closer to becoming…

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Downtown Summerlin Nears Completion and First Test

Downtown Summerlin Nears Completion and First Test

There is always a large amount of chatter regarding big developments, new master-planned communities and ambitious redevelopment projects. But it’s the downtown component that is always polarizing. With Summerlin’s downtown area edging closer to reality, specifically the project formerly known as Summerlin Centre, Howard Hughes Corp’s concept for a new…

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Asurion to Open Call Center in North Las Vegas; U-Haul Opens Self-Storage Facility

Asurion to Open Call Center in North Las Vegas; U-Haul Opens Self-Storage Facility

North Las Vegas is set to receive a considerable economic boost as Tennessee-based tech company Asurion LLC recently announced it is expanding operations in the area. The tech insurance provider will reportedly open a new office in North Las Vegas and will create around 800 new jobs in the next…

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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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