LAS VEGAS-The Chamber of Commerce has sold its headquarters property abutting the Wynn Las Vegas golf course to the obvious buyer, Wynn Resorts Ltd. Wynn paid $16 million for the 4.65-acre property, which holds a two-story, 35,000-sf building housing approximately one dozen tenants including the Chamber.

The property, which occupies the northwest corner of Sands Avenue and Paradise Road, was the only piece of land abutting Wynn Las Vegas that Wynn Resorts did not own. The company now owns all land bounded by Las Vegas Boulevard and Paradise Road on the west and east, and East Desert Inn Road and Sands Avenue on the north and south. A Wynn Resorts representative did not respond to a request for comment on its future plans for the property.

Acquired for $5 million about 10 years ago, the Chamber sold its long-time headquarters in favor of leased space at Town Square, a new $750-million, 117-acre mixed-use project nearing completion on Las Vegas Boulevard South, just south of East Sunset Road. Chamber spokesperson Cara Roberts says the Chamber had outgrown its space in the headquarters building and because the term remaining on the subleases wouldn’t have been able to absorb additional space “for quite some time.”

In addition, she says Towne Square is more centrally located for visitors and members and the build-out will allow for more member amenities, such as a business and research center and a member lounge. The Chamber signed a 10-year lease for its new digs and expects to make the move in November.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.