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CITRA Wins City Approval, Incentives for $71M Downtown Healthcare/Assisted Living Complex

CITRA Wins City Approval, Incentives for $71M Downtown Healthcare/Assisted Living Complex

By Alex Girda, Associate Editor As the Downtown Project led by Tony Hsieh gathers momentum, a major healthcare and residential project has reached a major milestone. The Las Vegas City Council recently approved an agreement with developer CITRA Real Estate Capital for Symphony Park, a $71 million skilled nursing and…

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CIM Launches Downtown3rd Entertainment District After Makeover

CIM Launches Downtown3rd Entertainment District After Makeover

By Alex Girda, Associate Editor Notwithstanding the struggles experienced by the Las Vegas residential market in recent years, the area is getting repeated reminders that its entertainment, hospitality and gaming sectors are bouncing back nicely. A recent case in point is the makeover of Downtown Grand Las Vegas. Renovated and…

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Medical Schools Planned for UNLV, UNR; MVP Closes on 5th Building in $55M Office Portfolio

Medical Schools Planned for UNLV, UNR; MVP Closes on 5th Building in $55M Office Portfolio

As the Las Vegas market sees signs of improvement in terms of home prices and the office sector is finally showing signs of life, recent headlines were made by the University of Nevada Las Vegas. The institution is reportedly looking to create a new medical school to add to its…

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Las Vegas Home Prices Gain Again As Market Draws Institutional Investors

Las Vegas Home Prices Gain Again As Market Draws Institutional Investors

As this summer’s last number should have come in by now, studies show that the Las Vegas housing market has seen its average price growth outpace the national averages once again in August. The city’s housing market is seeing consistent improvement and has been doing so for a number of…

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Caesars, Gansevoort Part Ways on $185M Bill’s Gamblin’ Hall Makeover

Caesars, Gansevoort Part Ways on $185M Bill’s Gamblin’ Hall Makeover

By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Caesars Entertainment’s $185 million makeover of Bill’s Gamblin’ Hall & Saloon is going forward without one of its original partners. In response to concerns raised by Massachusetts regulators about an investor’s alleged links to Russian crime syndicates, Gansevoort Hotel Group…

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New Office Product Nears Debut as Job Picture Brightens

New Office Product Nears Debut as Job Picture Brightens

By Alex Girda, Associate Editor As office rents stabilize and surge of new office product approaches the Las Vegas market, a new study confirms that local economic fundamentals are continuing to improve. Employment improved to the tune of a 2.3 percent increase in payroll, reflecting the creation of 19,300 jobs…

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Shops at Summerlin Lands Nordstrom Rack for Fall 2014 Opening

Shops at Summerlin Lands Nordstrom Rack for Fall 2014 Opening

As new areas of the city’s real estate market such as residential and office show signs of improvement, it helps to know that Las Vegas still packs a punch when it comes to retailers. Seattle-based clothing retailer Nordstrom has recently announced that it is expanding its operations with a new…

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The Residences at Mandarin Oriental Reach Sales Milestone

The Residences at Mandarin Oriental Reach Sales Milestone

As the Las Vegas residential market fights for its life, with Nevada’s foreclosures once again at the top of the national chart in a time when homebuilding is at the top of its game, it seems that the market might find a typically flashy savior, considering the context. According to…

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Miracle Mile Refinancing Yields $580M for Tristar Capital, RFR

Miracle Mile Refinancing Yields $580M for Tristar Capital, RFR

One of Las Vegas’ signature shopping spots on the Strip is the Miracle Mile Shops, one of the largest and best-known retail facilities in Sin City. The property made headlines recently for a massive refinancing deal completed by HFF on behalf of the owner, a joint venture between Tristar Capital…

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Rising Las Vegas Home Prices Lead U.S.: S&P/Case-Shiller Index

Rising Las Vegas Home Prices Lead U.S.: S&P/Case-Shiller Index

The Las Vegas housing market is going from strength to strength in terms of prices, being one of the driving forces behind what could shape up as a positive year for the U.S. The city has once again far outpaced the national average which, according to the Standard & Poor’s/Case-Shiller…

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Third Tower at Marriott’s Grand Chateau Tops Out; Court Approves Harmon Tower Demolition

Third Tower at Marriott’s Grand Chateau Tops Out; Court Approves Harmon Tower Demolition

One of Las Vegas’ most high-profile luxury developments of the year is undoubtedly Marriott’s Grand Chateau project. The three-tower complex that would offer residents a wide range of amenities and villa-style accommodations has only recently reached an important milestone. The general contractor of the project, the Tutor Perini Building Corporation,…

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Inspirada Wins Approval for Project Changes, Unveils Park Plans

Inspirada Wins Approval for Project Changes, Unveils Park Plans

The Henderson City Council has thrown Inspirada Builders LLC a lifeline in the form of a new project to develop a total of 30 acres of parks, at its southwest Henderson housing project. The massive housing development has been struggling for a while now, and the developer recently had an…

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