LAS VEGAS, NV – It’s not every day that you get a car thrown in at no-cost to sweeten the deal when you purchase a home, but that’s the plan that was announced by developer Livv recently, who intends to construct two new housing communities in the Las Vegas area whose residences will all come with…
Blackstone Enters Agreement to Sell The Cosmopolitan Hotel and Casino of Las Vegas for $5.65 Billion
LAS VEGAS, NV – New York-based private equity firm Blackstone has entered into an agreement with MGM Resorts International to sell operations of The Cosmopolitan, the Las Vegas-based luxury casino and hotel on the Las Vegas Strip, for $1.625 billion. In addition, the hotel and casino’s real estate assets are being purchased by the Cherng Family Trust…
LAS VEGAS, NV – The mansion of Scott Gragson – a Las Vegas-based real estate broker who is currently serving time in prison in connection with a fatal drunk-driving accident – has been listed on the rental market, for the whopping price of $50,000 per month. The mansion, located at 5 Promontory Ridge Drive in The…
LAS VEGAS, NV – A new state law that was signed by Nevada Governor Steve Sisolak on June 4 will, once it officially goes into effect next year, require that Clark County – and a number of cities – to tax all short-term vacation rentals (STVRs) within the city’s limits, in addition to imposing a number of…
LAS VEGAS, NV – A developer has announced plans to construct an apartment complex catering to the 55-and-over community, situated right behind a Las Vegas business that considers those in that age group among its core customer base- Henderson’s Sunset Station Hotel and Casino. Ovation Development has filed plans with Henderson city officials for the apartment…
LAS VEGAS, NV – Auric Symphony Park, a new luxury apartment complex situated in downtown Las Vegas, was recently unveiled by Nashville, Tennessee-based developer Southern Land Company, providing some much-needed housing options in that part of the city. Southern Land Company’s vice president of multifamily development west, Kevin House, said that the developer’s founder, Tim Downey, feels…
LAS VEGAS, NV – The Southwest Las Vegas Valley will be seeing a new $500 million mixed-use campus being constructed in the near future, situated upon an area that was previously home to an aborted attempt at development after the mid-2000’s economy crash that has sat vacant ever since. The project, dubbed Evora, is slated to be…
LAS VEGAS, NV – The housing market in Las Vegas has been setting records for months, thanks in part to cheap money in the form of low-interest mortgages and a serious increase in buyers from out of state – many from California, who are looking for investment opportunities, and when you put those two factors…
LAS VEGAS, NV – The housing market in Las Vegas has been enjoying a year of success amid skyrocketing home prices that has resulted in all-time records being set while sellers are often offered more than their asking prices by desperate buyers. However, August appeared to buck that trend – albeit only slightly, with prices…
LAS VEGAS, NV – The Blackstone Group, an investment management company based in New York City, is reportedly going to be putting the Cosmopolitan resort of Las Vegas up for sale, and their hefty asking price is said to be at least $5 billion, if not more. Two years ago, Blackstone had attempted to sell the…
LAS VEGAS, NV – A real estate firm from Atlanta, Georgia has gotten into the highly competitive Southern Nevada rental marketplace with the recent announcement they have purchased two large apartment complexes located in the east-side of the Las Vegas Valley. The firm, known as Carroll, noted that they had acquired the Emerald Springs, a 436-unit…
LAS VEGAS, NV – A developer has announced plans for a $200 million high-rise apartment complex that is slated to be built in southwest Las Vegas, right on the great big empty hole that was left by a previous developer that had the very same idea – albeit unrealized – over 15 years ago. Tim Deters, founder…
