Las Vegas Commercial Real Estate

The Las Vegas Press is reporting that local real estate investor, Jerry Fine, has reportedly entered into a contract to purchase the Mahoney’s Silver Nugget casino and the adjoining RV park along with the Opera House Saloon & Casino.
Fine’s uncle, Brian Greenspun paid $4.3 million in May for the 7-acres of undeveloped land […]

California-based Venture Corp. is banking on the popularity of the commercial condo and the success they’ve experienced in California to set the stage for its entrance into the Las Vegas market. President Robert Eves believes that there is a strong market of small business owners who would rather own then rent office space, if […]

Real estate research company Reis Inc. is predicting that the U.S. commercial real estate market will end 2006 with impressive rent growth and vacancy declines, but a weakening U.S. economy could dampen the market in 2007. Real estate rent growth and vacancy rates have been increasing since late 2004, and have intensified this […]

With a slow down being felt in many real estate markets, you would think that caution would be the word of the day among many casino resort developers in Las Vegas, but it’s not. Instead, over 39 projects totaling more than $30B are either underway or will be in the next 12 months. […]

Like a roller coaster ride at your favorite amusement park, the condo-hotel market is expected to surge upward and then plunge downward. Lodging Econometrics, which monitors hotel real estate trends, is predicting that demand for condo-hotel units in several resort markets, including Las Vegas, will soon soften.
While 76 of the 103 […]