Las Vegas Commercial Real Estate

Renowned architect Frank Gehry is designing the new $60M Lou Ruvo Alzheimer’s Institute to be located in downtown. The two-acre, five-story, 55,000-square-foot building will feature clinical, research and outpatient exam rooms for Alzheimer and other brain disease victims. Additional plans include a 9,000-square-foot banquet hall, flanked by a Wolfgang Puck cafe and […]

The NAR is reporting that commercial real estate investment rose 44% in 2005. This represents over $268 billion in real estate sales in 2005 and does not include transactions valued at less than $5M.
Specifically cited:
Office - vacancy rates are at their lowest level since 2001. Fourth quarter of 2005 showed a rate of […]

Cities, owning public land, do not finding the leasing of those lands to be a great money mking machine. However, they can serve a specific purpose.
A few cities like Dallas and New York use their available leases for economic growth stimulation. They find that leasing assists in creating new tax revenues […]

Pinnacle Entertainment plans to purchase Phoenix-based, Aztar Corporation, owner of the LV Tropicana casino for an estimated $1.45B. As part of the deal, Pinnacle, based in LV, has also agreed to assume the $723M in debt and pay $38 a share.
Pinnacle plans to design a new casino to replace the current Tropicana casino. […]

There is no question that skyrocketing costs of materials and labor have choked the life from several high-profile luxury condo projects in LV. Six projects have reportedly either been killed or stalled for more than a year. Yet, many still point to the continued construction of 17 other high-rise condo projects, which continue […]