LAS VEGAS, NV – The Las Vegas Sphere, a 400,000-square-foot, 18,000-seat, 360-foot-tall globe-shaped arena slated to be constructed on 63 acres of property located behind the Venetian Resort Hotel Casino on the Las Vegas Strip, is currently running over initial cost estimates. As a result, the ambitious project – helmed by developer Madison Square Garden…
LAS VEGAS,, NV – Matter Real Estate Group recently broke ground on the Matter Logistics Center, a $70-million, 725,000-square-foot industrial/warehouse project situated on a 41 acre plot of land that its developer noted will combine modern design with high functionality and will welcome both new and current businesses upon its completion in February 2020. Located…
LAS VEGAS, NV – According to reports, the Hard Rock Hotel of Las Vegas will close its doors in February 2020, after which it will undergo eight months of renovations and will emerge without its iconic name. Instead, it will be rebranded as Virgin Hotels Las Vegas upon it’s re-opening, a move that was originally…
LAS VEGAS, NV – According to reports, despite the fact that rental prices for apartments in the Las Vegas area have increased over the past 12 months more than any other major U.S. metropolitan area in the United States, the market is nonetheless still considered by experts as remaining quite healthy and affordable, especially compared…
LAS VEGAS, NV – According to reports, Developer Lorenzo Doumani announced this week that ground will be broken in 2020 on his newest project- the Majestic Las Vegas, a non-gaming hotel to be constructed at 305 Convention Center Drive, the site of the former Clarion hotel which was demolished in 2015. The Majestic Las Vegas,…
LAS VEGAS, NV – According to reports, Bleutech Park Properties, Inc. recently announced a truly ambitious project that is slated to break ground in the Las Vegas Valley in December 2019 – Bleutech Park, a so-called “smart mini-city” that will combine cutting-edge tech with new design principles which the developer claims will influence future construction.…
LAS VEGAS, NV – Long vacant and empty, the famed Moulin Rouge casino in Las Vegas may finally be set to receive a new lease on life by Las Vegas Moulin Rouge LLC, a company that has plans to purchase the property as a prelude to a proposed $1.6 billion revival effort. The Moulin Rouge…
LAS VEGAS, NV – According to reports, Los Angeles transit officials are currently having official discussions with Virgin Trains USA in order to breathe new life into an oft-delayed project that would establish a railway between LA and Las Vegas. Virgin Trains USA currently operates a similar railway in Florida that connects Miami, Fort Lauderdale,…
LAS VEGAS, NV – The former residence of developer Jim Rhodes, dubbed “The SkyFire Estate,” recently sold for the record price of $16 million, making it the second-highest sale price of a home in the history of Las Vegas. Skyfire, a huge mansion clocking in a whopping 21,633 square feet, is located in the Spanish…
WASHINGTON – On July 31, the Federal Reserve cut interest rates by 25 points, making it the first time they have done so since the national recession in 2008. In addition, the central bank also ended quantitative tightening – a process of shrinking its balance sheet – two months ahead of schedule. The interest rate…
