Las Vegas Commercial Real Estate

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Vestin Realty Mortgage II, Inc., a real estate investment trust (”REIT”) that invests in short-term secured loans to commercial borrowers, announced today that escrow has closed on the sale to KB Homes of the Company’s interest in residential land in Henderson, Nevada for $1,268,000 cash. Vestin is expected to recognize a gain […]

On Monday, Las Vegas-based USA Commercial Mortgage Company (USACM) filed a motion with the U.S. Bankruptcy Court requesting an order authorizing them to distribute certain funds held in USACM’s collection account to direct lenders, and authorizing the USA Capital Diversified Trust Deed Fund, LLC (the “Funds”) to further distribute certain funds to their respective […]

The Business Press is reporting that the defunct Wet n’ Wild amusement park inked an option agreement to sell the 26.5 acres of North Strip real estate for $450 million, or $17 million an acre to Texas developer Christopher Milam. The sale price makes this deal one of the most expensive to […]

The Molasky Group of Cos. recently topped out a $75 million, 17-story Class A downtown office tower at the northeast corner of Grand Central and City Parkway. The 770,000-square-foot building and parking garage are expected to finish construction in 2007.
The building is considered to be a green building in terms of being […]