Las Vegas

Investors Find Challenges Placing Money in Las Vegas

Kelsi Maree Borland |

The market quickly became a hotspot for multifamily investment last year, but increased competition has compressed cap rates.

Secondary Self-Storage Investment Will Stay Hot in 2019

Kelsi Maree Borland |

Las Vegas and the Inland Empire will continue to see ample capital chasing deals in 2019, while Phoenix could start to cool off.

Economic Growth, Affordability Drive Las Vegas Multifamily Market

Kelsi Maree Borland |

The economic growth and diversity paired with affordability is a winning combination for multifamily investors.

Proceed With Caution in Secondary Market Self-Storage

Kelsi Maree Borland |

The multifamily market activity in Western US secondary markets, like Las Vegas and Phoenix, has sparked self-storage market growth—but it could be outpacing demand.

News

MGM Closes on $850M Empire City Casino Purchase

John Jordan |

The New York State Gaming Commission on Monday approved the sale of Empire City Casino and the debt transaction related to the deal

Why Snow Storms Aren’t the Only Dangerous Weather Blast Property Owners Should Consider

Matthew Marcus, PE, RG |

Sand and dust storms in desert climates can pose geological vulnerability and cause property damage.

Do Holiday Decorations Boost Retail Sales?

Kelsi Maree Borland |

Retail landlords spend an average of $15.2 million on holiday decorations and events, and the investment is showing up in shopping activity.

News

MGM’s Purchase of Empire City Casino to Close in January

John Jordan |

MGM announced the planned closing of its purchase in connection with its appointment of Uri Clinton as president and chief operating officer of Empire City Casino upon the Las Vegas-based gaming company’s closing on the property and completion of licensing requirements that are expected in January.

Sunroad Executes Aggressive Acquisition Strategy

Kelsi Maree Borland |

The San Diego-based firm has completed several apartment acquisitions in Nevada and Arizona in an effort to grow its multifamily portfolio.

Las Vegas Office Investments See Healthy Appreciation

Kelsi Maree Borland |

MCA Realty sells an office asset in a submarket of Las Vegas for more than double the original purchase price.