Las Vegas Commercial Real Estate

The Engineering News Record recently released an in-depth article on how rising costs are hitting real estate, construction capacity and utilities. The full article can be found at www.enr.com. Here are a few highlights:
Construction prices are rising along with soaring real-estate prices, driving the Manhattanization of the city. But in the tight market, […]

AP Wire - Two series of explosions crackled through the early morning air Tuesday when Harrah’s Entertainment Inc. imploded the Bourbon Street casino as part of a plan by the world’s top casino company to redesign and perhaps consolidate several nearby Strip properties.
The 166-room, eight-story hotel tower and parking garage was built in 1980 and […]

LV Business Press - Investment Equity Development has broken ground on a $6 million, 20,000-square-foot office complex at Buffalo Drive and Cheyenne Avenue in northwest Las Vegas. The North Buffalo Business Center consists of two single-story buildings with space divisible from 2,500 to 10,000 square feet. The project is scheduled to finish this summer.
Christopher Commercial […]

Reuters - Morgans Hotel Group Co., which operates posh hotels in New York, Miami and London, this week will test investor interest in luxury lodging.
The company, which operates properties under such names as Delano, Mondrian and Royalton, is planning a share offering worth $360 million based on the midpoint of its price forecast.
It plans to […]

Orlando Sentinel - The nation’s housing markets may be slowing, but commercial real-estate development is powering into 2006 with enough momentum for another strong year, an industry economist said Monday in Orlando.
“We’re looking for a pretty good year, at least as good as last year and possibly better,” said Doug Duncan, chief economist of the […]