Las Vegas Commercial Real Estate

GlobeSt.com is reporting that the developers of the 1,100-unit Pinnacle Condominium Resort have secured interim financing to cover the remaining pre-construction costs for the $850-million, 12-acre development. The twin-tower 36-story structure is tentatively scheduled to break ground in the fall of 2006 and open in the second quarter of 2009. The $40-million pre-construction loan […]

A new $700 million furniture complex called World View Towers is planned for the Las Vegas area. Developers plan to build a one million square foot furniture complex called World View Towers in Las Vegas. The $700 million project would sit on eight acres and also include a 13-story tower complementing two high-rise […]

Home Depot’s plan to purchase EnerBank USA, an industrial loan corporation, is receiving strong opposition from the American Bankers Association and the National Association of Realtors. Citing a potential conflict of interest between financial and non-financial commerce, the two groups are urging the FDIC to block the purchase.
Earlier in the year, Walmart faced intense […]

The Business Press is reporting that Alliance Residential Company is developing $110 million worth of new apartment complexes totaling 834 units in the Las Vegas Valley. Additionally, Alliance plans to invest $150 million to $200 million on new apartment developments throughout the valley over the next few years. The company continues to look for […]

The site for the now defunct $3 billion hotel, condominium and casino complex backed by George Clooney has sold to the Edge Group. They paid $202 million for the 25-acre site. This is more than twice what the Edge Group paid a year ago for another plot just off the Las Vegas […]