Development - Las Vegas
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Top 10 Markets for Occupancy Growth
Despite unfavorable conditions, certain areas are deviating from the national trend and have seen an increase. Here is a list of the 10 markets with the greatest year-over-year growth in occupancy as of April 2017.
12 June 2017 15:33 -
Transcontinental Unveils Plans for $59M Sin City Project
The company has announced its newest development, The Abode Red Rock Apartments, which will total 308 units.
16 January 2017 14:36 -
$76M Student Housing Redevelopment Launched in Las Vegas
The Midby Cos. is investing in a 10-year, three-phase student housing redevelopment project, U District, that will be located on the UNLV campus.
01 April 2016 18:11 -
JV Bets on Apartment Community Near Reno
PCCP provided a $28.2 million loan to Sunroad Enterprises, Security Properties and Loma Linda University to acquire and renovate a Class A apartment community in a Reno, Nev., submarket.
07 March 2016 16:25 -
Presidio/Summit JV Shows Sixth Sense
New Las Vegas community taking shape in Rural Neighborhood Preservation.
25 November 2015 21:47 -
MGM Roars Again
The entertainment capital of the world is about to become even more entertaining as MGM Resorts International has announced the development of a new 5,000-seat theater at Monte Carlo Resort and Casino.
17 July 2015 22:08 -
Simon Wraps Expansion of Outlet Center
Las Vegas North Premium Outlets recently opened the expansion of the shopping center. The center has added 25 new stores to its offering, becoming one of the largest properties of its kind in the entire country. Developer Simon Property Group officially unveiled the expansion and renovation project that has also added to the asset’s common areas and amenity package last week.
26 May 2015 03:22 -
KB Home Rolls Out Plan for Latest Community
On the back of a solid home buying month in the Las Vegas area, KB Home recently revealed its latest residential community in the area. The homebuilder announced the opening of Portola Hills in Henderson, one of the areas of the Las Vegas Valley that has been shouldering a lot of the development load during recent years. The homes that are set to be built at Portola Hills will be customizable to the buyer’s liking.
17 April 2015 22:21 -
RY Properties Details Plans for Lake Las Vegas
127 acres of land recently traded hands within the Lake Las Vegas community as developer RY Properties is the new owner of a large number of partially improved residential lots in the recovering communities. The $12.5 million deal was closed by The Hoffman Company, an entity that has been very active with land deals in 2014, a sign that investors are once again interested in the prospects offered up by the Las Vegas area.
20 February 2015 22:37 -
Arena Team Names 1st Founding Partner
The new Las Vegas Arena project headed by a partnership between AEG and MGM Resorts International has its first “Founding Partner”. The development team on the project that aims to bolster the amount of high-profile events that take place in Las Vegas has a new name joining. Schneider Electric is a global specialist in energy management, and has entered a formal, multi-year agreement with the Las Vegas Arena Company. The contract calls for the company to design, install and operate numerous tech systems throughout the arena.
13 February 2015 16:31 -
Pulte, Woodside Sign On as Skye Canyon’s First Homebuilders
This past summer, a number of dormant master-planned communities saw new life, as the city’s resurgence galvanized developer interest in the Las Vegas market once again. Skye Canyon has announced that two home builders have acquired land in the master-planned community, and are now set to carry out the first phase of the project. According to Olympia Companies, the two builders will take over a combined total of 80 acres of land. Skye Canyon is the first large-scale residential development project to break ground in the valley since the recession.
18 December 2014 22:26 -
Republic Services Starts 110,000-SF Expansion at North Las Vegas Recycling Plant
Republic Silver State Disposal, Inc. a subsidiary of Republic Services, Inc. recently started construction on a brand new recycling facility in North Las Vegas. Once completed, the new facility will effectively double the current residential recycling capacity in southern Nevada. Advanced recycling tehnologies will be employed at the building, which will be added to an existing facility in the Southern Nevada Recycling Complex. By increasing the capacity, the SNRC is set to become the largest residential recycling complex in the country.
13 November 2014 22:35 -
LaSalle and Panattoni Plan Industrial Project in Southwest Las Vegas
Las Vegas has seen the announcement of a number of industrial projects for the area during recent months, and a newly-completed land deal promises yet another increase in the total space the city will be able to offer tenants in just a few years.
30 October 2014 15:54 -
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 the fact that Las Vegas was dropped as the possible location of the Tesla Gigafactory that eventually went to Reno, still has need for a large-scale asset.
24 September 2014 20:13 -
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 parcel near the Las Vegas Convention Center. Meanwhile, one of the largest proposed Strip projects of the past decade is officially history as the owner has rolled out a large amount of land at $16 million an acre.
11 September 2014 14:48