Las Vegas Commercial Real Estate

Morgans Hotel Group Co. has agreed to buy the Hard Rock Hotel & Casino for $770 million in cash. The sale of the 647-room hotel and 30,000 square-foot casino on 41 acres near the Las Vegas Strip will net owner, Peter Morton more than $731 million. The Morgans Hotel Group owns and operates the […]

Contingencies can be useful when writing a real estate contract. They are designed to allow you to walk away from a deal, without penalty, if certain conditions are not met. For example, you decide to sign a contract on a apartment building, but make your obligation to close contingent on items such as:
(1) […]

It’s crunch time for renters looking for an apartment. Condominium conversions, investor activity and tear downs have created a supply drought in the Las Vegas Valley. According to Michael Belnick, an apartment specialist, the vacancy rate is at 3.29 percent, down from the valley’s standard 5 percent.
With more and more apartment-to-condo conversions […]

As usual, when “the Donald” speaks, people listen. A while ago, Trump announced that prices at his Las Vegas hotel-condominium tower project would go up 15 percent on May 1. As a result, sales traffic at the 64-floor tower has increased dramatically.
Just over the last weekend alone, more […]

There are several ways in which you can take ownership of a commercial real estate property. Some people prefer to title the property in their own name. Others prefer to form a corporation or limited liability company and place the legal title in the name of that entity. While this requires more […]