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Prologis Starts Spec Industrial Project in North Las Vegas

Prologis Starts Spec Industrial Project in North Las Vegas

Developer Prologis has officially begun development on its speculative industrial park at Pecos and Gowan roads, meaning that it is the first property of its kind to be constructed in Las Vegas since the economic downturn. Prologis is gambling on the fact that the local industrial market, still reeling from…

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Griffis Residential Rebrands Pair of M-F Assets

Griffis Residential Rebrands Pair of M-F Assets

Griffis Residential recently unveiled the new names of the two Las Vegas area communities it owns. The Denver-based multifamily investment and management firm has baptized the two premium residential assets by introducing the Griffis brand into the new monikers for the properties. As a result, The Wellington Apartments has now…

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Officials Delay Vote on Parcel Eyed for Global Business District; Triple Five Markets Site Near Riveria

Officials Delay Vote on Parcel Eyed for Global Business District; Triple Five Markets Site Near Riveria

With the ever-referenced economic comeback of Las Vegas still underway, the city is starting to cover the scars left by the downturn. Recently, massive strands of land caught the investors’ attention as it was revealed that the Las Vegas Convention and Visitors Authority is seeking to acquire an important land…

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Tropicana Follows Up $200M Renovation With Meeting-Space Makeover

Tropicana Follows Up $200M Renovation With Meeting-Space Makeover

Tropicana Las Vegas – a DoubleTree by Hilton is currently undergoing major changes at its Tropicana Pavilion, with the facility being expanded for additional space. The entity recently announced that the development process is set for a March 1, 2015 completion. A number of improvements and new features are also…

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Thorofare Capital-Arranged Loan Leads to Sale of Final Condo Units at The Martin

Thorofare Capital-Arranged Loan Leads to Sale of Final Condo Units at The Martin

Thorofare Capital, an alternative investment platform, recently announced that it had provided a $4 million short-term loan to finance the acquisition of a condo unit portfolio at The Martin. The sponsor will use the financing to acquire the final units under the ownership of the tower’s developer, and then focus…

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Venues Group Breaks Ground on Event Facility in Fremont East

Venues Group Breaks Ground on Event Facility in Fremont East

The Venues Group recently held a groundbreaking ceremony for the company’s latest project, a Las Vegas entertainment facility. The developer, a premier special event and entertainment facility group, was represented at the facility by executives including Owner and Founder Victor Perillo and Vice President David Twigger, while the city was…

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Bascom Group, Oaktree JV Buys New M-F Asset in Henderson

Bascom Group, Oaktree JV Buys New M-F Asset in Henderson

A Henderson multifamily asset recently traded hands when a Bascom Group venture and funds managed by Oaktree Capital Management LP moved on the local market for a new acquisition. The $250 million venture is now the new owner of The Edge at Traverse Point residential community after the deal was…

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Las Vegas in the Mix for Pro Soccer’s Next Expansion

Las Vegas in the Mix for Pro Soccer’s Next Expansion

Las Vegas is a city aching to get a major sports franchise for a while now, but it seems that the NFL, NBA, MLB and NHL are currently satisfied with the number of teams that they currently allow. The success of the Las Vegas Summer League has galvanized discussion regarding…

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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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