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TIAA-CREF Takes 50% Stake in Grand Canal Shoppes; GGP Reaps $410M

TIAA-CREF Takes 50% Stake in Grand Canal Shoppes; GGP Reaps $410M

Recent deals announced in the Las Vegas retail market indicate the area’s growing potential as an investor’s market, with a partnership between General Growth Properties and TIAA-CREF being revealed as the new ownership structure of the Grand Canal Shoppes, including the Shoppes at Palazzo. General Growth Properties sold 50 percent…

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The Right Legislative Moves Could Be Nevada’s Saving Grace

The Right Legislative Moves Could Be Nevada’s Saving Grace

By Alex Girda, Associate Editor Recent real estate market reports regarding Nevada’s housing situation indicate that the long-awaited recovery could be postponed as average prices have dipped for the last few months. Residents and developers are waiting for a way out of this situation and a serious initiative is now…

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Providence Clearly a Fan of Parks as Master-Planned Community Unveils Second Public Spot

Providence Clearly a Fan of Parks as Master-Planned Community Unveils Second Public Spot

By Alex Girda, Associate Editor The Providence master-planned community situated in the northwest part of the valley has recently inaugurated its second park. The community, located at 10695 Dorrell Lane, has now unveiled two parks that will benefit area residents, with another one in the pipeline. The Providence developer, John…

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WinCo to Open Two Las Vegas Stores; Overall Home Sales Have Hit Record Highs in 2011 as New Home Sales Plunged

WinCo to Open Two Las Vegas Stores; Overall Home Sales Have Hit Record Highs in 2011 as New Home Sales Plunged

By Alex Girda, Associate Editor WinCo Foods is about to open two brand new stores in the Las Vegas area with a tentative opening slated for March of this year. One of the two stores is being rapidly developed at the Stephanie Street and Wigwam Parkway location. The Las Vegas…

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Stoltz Real Estate Partners Pays $51m for N. Las Vegas Community Center

Stoltz Real Estate Partners Pays $51m for N. Las Vegas Community Center

Deer Springs Town Center is a 512,325-square foot retail center located at the intersection of the Interstate 215 Beltway and 5th Street. Developed in 2009, it stands on a 62-acre lot and is home to a number of big retail names such as Home Depot, Toys ‘R’ Us, Babies ‘R’…

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Linq Unveils LED Frontage as High-Rolling Project Nears Home Stretch

Linq Unveils LED Frontage as High-Rolling Project Nears Home Stretch

The Linq development is slated to become one of the big crowd attractions on a constantly reinventing Strip. The $550 million development will have created around 3,000 construction jobs for the area, while the developer estimated that around 1,500 full-time positions would be created once the entertainment district begins to…

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Downtown Project Buys Gold Spike; Redevelopment Plans Coming Up

Downtown Project Buys Gold Spike; Redevelopment Plans Coming Up

The Gold Spike has been a staple of the downtown area since its opening in 1976. The boutique hotel originally opened as the Rendezvous, offering guests 112 rooms over seven floors, as well as a total gaming space of around 5,800 square feet. The property first traded hands in 1983…

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Forest City Launches $7M Makeover of Galleria at Sunset

Forest City Launches $7M Makeover of Galleria at Sunset

One of the area’s largest retail properties is set for a makeover as the Galleria at Sunset in Henderson looks to start its first renovation process. Operations at the property are set to commence this month and last until later this year, with an estimated budget of approximately $7 million…

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Hsieh’s Downtown Project Adds Vintage Western Hotel to Portfolio for $14M

Hsieh’s Downtown Project Adds Vintage Western Hotel to Portfolio for $14M

Spearheaded by Zappos CEO Tony Hsieh, Las Vegas’ Downtown Project organization has taken an important step forward in its ongoing initiative to reclaim some of the appeal of the city’s central area. The online retailing mogul has voiced his love for Sin City’s downtown area on more than one occasion,…

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Caesars Unveils $185M Makeover for Bill’s Gamblin’ Hall

Caesars Unveils $185M Makeover for Bill’s Gamblin’ Hall

The city of Las Vegas might look back one day and realize that this post-recession timeframe could represent a defining moment in its history. Reinvention, a new focus on business, art and sport and a new take on the megaresorts of the Strip, as they are now, will determine the…

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Genting Group Eyes $2B Resort on Former Stardust Site

Genting Group Eyes $2B Resort on Former Stardust Site

Projects for mega-resorts or ambitious mixed-use developments were stalled up and down the Strip after the market downturn a few years ago. Since, some residential developments have found new life, with a string of recent acquisitions that have turned things around for some of these projects. MGM is still stuck…

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Convention Center Officials Unveil $2.5B Makeover Plan

Convention Center Officials Unveil $2.5B Makeover Plan

The $2.5 billion development project that is set to be known as the Las Vegas Global Business District, includes a number of completely new structures, such as a new World Trade Center building and a multimodal transportation hub. The first phase of the decade-long project the Las Vegas Convention and…

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