Las Vegas Commercial Real Estate

… cash back at closing can be legal if a broker is giving back a portion of his or her commission, but this would be rare occurrence. “If agents want to rebate part of their commission back to the purchaser, I would call this ‘commission back at closing,’” Roberts says. “While this is not illegal, […]

Developers of Verge, a $135-million, mixed-use, mid-rise condominium development hope to do their part in revitalizing the downtown area. It plans to develop an urban core by providing units of all sizes and prices, upscale amenities and direct access to all areas within the Las Vegas Valley.
The project, scheduled to break ground this […]

The Sahara Hotel and Casino is getting new owners. California-based SBE Entertainment Group LLC and Stockbridge Real Estate Funds will acquire the property from Gordon Gaming Group for an undisclosed amount.
Once the transaction closes, SBE will manage the hotel and its food and beverage operations through its subsidiaries. Larry Woolf’s Navegante Group will […]

GlobeSt is reporting that California-based Venture Corp. recently acquired the real estate assets of Huffman Builders West for cash and assumed debt totaling $50.45 million. The transaction included 520,000 sf of ongoing commercial development that is being sold off as commercial condominiums. Venture Corp. estimates the gross sell-out value at $187 million.
Venture currently has […]

In 2006, private equity real estate funds raised a total of $59.5 billion in 2006. This by far surpased the $37 billion raised in 2005. Those are the findings of Private Equity Real Estate, a leading magazine covering the global real estate investment industry.
The magazine’s editor Paul Fruchbom belives that, “A […]