Selling a casino to a landlord for a mountain of cash sounds pretty tempting. There are also some big strings attached — and not every hotel boss in Las Vegas is interested right now. Executives … [Read more...] about Not every casino boss in Las Vegas wants to sell, lease back resort
Real Estate Insider
Nevada’s real estate transfer tax could climb — but many big sales don’t generate any
From Bellagio and The Cosmopolitan of Las Vegas to the Rio, Palms and beyond, numerous Las Vegas properties sold for huge sums without producing a dime of real estate transfer taxes. The result is … [Read more...] about Nevada’s real estate transfer tax could climb — but many big sales don’t generate any
Sale of Mirage shines light on high-priced casino rents on Strip
When The Mirage changed hands this week, it marked the beginning-of-the-end for its iconic volcano attraction. The sale also shed more light on a growing, lucrative real estate trend on Las Vegas … [Read more...] about Sale of Mirage shines light on high-priced casino rents on Strip
Mortgage rates slide, but Las Vegas housing market has foot on brake
Las Vegas’ housing market got something of a breather recently. Mortgage rates have ticked lower in the past month, cutting buyers’ borrowing costs. But locally and nationally, after months of … [Read more...] about Mortgage rates slide, but Las Vegas housing market has foot on brake
High-rise project with hotel rooms, apartments eyed for Water Street
Water Street, a once-sleepy corridor now lined with restaurants, breweries and other businesses, could have a high-rise in its future. Strada Development Group filed plans with the city of Henderson … [Read more...] about High-rise project with hotel rooms, apartments eyed for Water Street