Las Vegas

IAC is zeroing in on MGM Resorts' online gaming revenue stream.

The deal with casino REIT VICI Properties is conditioned on the completion of the $17.5 million merger between Eldorado and Caesars. It also includes the sale of 23 acres of land near the Las Vegas Strip for an additional $103.5 million.

Circa Resort & Casino will serve as the downtown area's first, ground-up gaming resort in four decades.

The firm says that industrial is the shining star during the pandemic, and will continue to look for opportunities to expand in Las Vegas.

HVAC, plumbing and electrical services have all increased during the pandemic's stay-at-home orders, but data is helping to ease workflow.

A report by Moody's Analytics Real Estate Information Services predicts prolonged constructin delays in the apartment, retail and office sectors based on a comparison to the Great Recession of 2008.

The two companies are seeking to deploy $625 million of equity and develop approximately 2,500 homes in multiple markets in the West and Southeast.

The residential community, located on more than 2,100 acres near Carson Range, is beginning construction on its clubhouse.