Las Vegas Commercial Real Estate

NTH Advisory Group LLC and its fellow investors have secured a deposit deadline extension in regards to their $225M acquisition of the Hooters Casino Hotel. The sale, for $95M in cash and $130M of assumed debt, is scheduled to close by the end of June. The revised letter of intent extends the deadline for […]

Jones Lang LaSalle, a real estate money management and service firm released its latest
global real estate capital report this week. It recorded global real estate investment of $682 billion in 2006, a surge of 38% over 2005, and nearly double 2003 volumes.
The U.S. remained the largest investment destination of cross-border transactions with […]

Hard Rock’s new owners are preparing for a major renovation and expansion of the property. Current estimates place the expansion price tag at $1.2B. Morgans Hotel Group Co. and DLJ Merchant Banking Partners plan to renovate the property and add 950 additional rooms, 60,000 sf of meeting space, 35,000 sf of retail, […]

E&S Investment, LLC recently sold the 10,244 sq. ft. warehouse located at 2590 W Brooks Avenue to Chris Borja for $1.7 million or approximately $166/SF. Built in 2006, the single-story warehouse is being delivered to the new owner in shell condition. It features a 28’ clear height, 3 drive-in doors, and a fenced yard […]

A 13.38 acre I-P zoned tract, located at Conestoga St. & US-95 in Henderson, was recently purchased by investor HGH Investments LLC. The industrial tract was purchased for $5.5 million, or approximately $411,000 per acre. The parcel offers 1,705 feet of frontage on US-95. The land also borders a residential subdivision. […]