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McCarran’s New $2.4 Billion Terminal Offers High-End Appeal

McCarran’s New $2.4 Billion Terminal Offers High-End Appeal

By Alex Girda, Associate Editor One of the city’s busiest hot spots will get even more visitors later this month when the $2.4 billion Terminal 3 opens at McCarran International Airport. A recent public preview drew a crowd of 15,000 to take a first look at T3, as the new…

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As Strip Development Struggles, Downtown Mounts a Comeback

As Strip Development Struggles, Downtown Mounts a Comeback

By Alex Girda, Associate Editor With development on the Las Vegas Strip consisting mostly of makeovers these days, the market is struggling to find its groove. In a dramatic switch from the past several decades, the center of gravity for development appears to be migrating from the Strip to Downtown, where hotels,…

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New Home Demand and Building Rebound; Land Prices Lag

New Home Demand and Building Rebound; Land Prices Lag

By Alex Girda, Associate Editor After a long drought, the Las Vegas housing market finally has some good news for homebuilders. New home permits are up 40 percent across the board, with Las Vegas, North Las Vegas and Henderson among the most active areas, according to VegasInc. Prices are staging…

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Boyd Keeps Echelon Place Alive After 2 Years of Limbo

Boyd Keeps Echelon Place Alive After 2 Years of Limbo

By Alex Girda, Associate Editor Since financing shortfalls forced Boyd Gaming to halt construction of the $4.8 billion Echelon Place project two years ago, the mixed-use project has stood as a cautionary tale of overreach. Recently, the developers recently took steps to keep the incomplete project alive, petitioning Clark County…

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Seeking Edge, Riviera Takes Bingo Business Digital

Seeking Edge, Riviera Takes Bingo Business Digital

By Alex Girda, Associate Editor It’s no secret that many Las Vegas resorts and casinos have seen better days, but some venerable properties have found life particularly challenging Tin the wake of the Great Recession. The iconic Riviera Hotel & Casino is a Strip mainstay, but delays in developing the Fontainebleau…

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Hughes Sale Adds to $100M Run by CPI/Buchanan Street JV

Hughes Sale Adds to $100M Run by CPI/Buchanan Street JV

By Alex Girda, Associate Editor In the latest in a series of dispositions, CIP Real Estate and Buchanan Street Partners have sold the 114,500-square-foot Konami Building in the Howard Hughes Airport Center to the building’s tenant, Konami Digital Entertainment, the Las Vegas Review-Journal reported. Last December, the partners sold a 425,000-square-foot portfolio at the…

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In $300M Makeover, Sahara Will Be Reborn as SLS Las Vegas

In $300M Makeover, Sahara Will Be Reborn as SLS Las Vegas

By Alex Girda, Associate Editor Once famously associated with the swinging Las Vegas of the Rat Pack era and the original “Ocean’s 11″ movie, the Sahara Hotel & Casino closed in 2011 after falling on hard times. But the 60-year-old property is getting a new lease on life thanks to a $300 million…

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Makeovers at Golden Gate, The D Play Downtown’s Nostalgia Card

Makeovers at Golden Gate, The D Play Downtown’s Nostalgia Card

By Alex Girda, Associate Editor For decades, the glamorous mega-resorts of the Las Vegas Strip have often seemed to elbow aside  the earlier generations of hotels, casinos and attractions of the city’s Downtown. But the birthplace of the city’s hospitality and gaming industries continues to push back, betting that a growing number…

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Developer Seeks to Get 4M SF Henderson Trade Center Airborne

Developer Seeks to Get 4M SF Henderson Trade Center Airborne

By Alex Girda, Associate Editor Trade and convention centers are a long-time fixture of the Las Vegas scene, but a local development team is proposing a facility that would depart from the norm. AeroQuestUSA L.L.C.’s proposed 4 million-square-foot International Trade and Conference Center in Henderson would focus full time on the aerospace…

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City Hall Opening Boosts Downtown Revival Hopes

City Hall Opening Boosts Downtown Revival Hopes

By Alex Girda, Associate Editor  As Las Vegas struggles to emerge from three years of recession, the recent unveiling of the $185 million city hall offers a glimmer of better things to come. Located at 495 S. Main St.,  the 310,000-square-foot project developed by Forest City Enterprises Inc. is the latest…

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Newest Vegas Megaproject, $470M Arts Venue, Takes a Bow

Newest Vegas Megaproject, $470M Arts Venue, Takes a Bow

By Alex Girda, Associate Editor   For the past several years, Las Vegas has struggled to reclaim its customary investment and development vigor. The city’s newest megaproject is neither a hotel nor a casino, but a quirky $470 million venue for dance, theater, classical music and jazz. In an area where entertainment is synonymous…

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Hooters Hotel’s Next Act Now in Canyon Capital’s Hands

Hooters Hotel’s Next Act Now in Canyon Capital’s Hands

By Alex Girda, Associate Editor Hooters Hotel is on track to change hands by March 30 after its principal creditor, an affiliate of Canyon Capital Realty Advisors, was the sole bidder in a bankruptcy sale last month. The affiliate, Canpartners Realty Holding [...]…

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