Where is Las Vegas on the business cycle? Six experts weigh in

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Positive economic news continues through early 2018, furthering a trend from last year’s strong stock market and employment numbers. Locally, hotels are adding convention space and remodeling rooms, the Fontainebleau and Alon deals generated buzz on the Strip and construction cranes are rising at the Resorts World site. Southern Nevada…


CAI to Develop Mixed-Use Retail in Vegas

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The developer of the upcoming shopping center has already signed pre-leases with national tenants, and plans to re-sell or develop the remaining square footage. An entity controlled by CAI Investments has acquired $15.2 million in senior debt for the development of a new shopping center in Las Vegas. Calmwater Capital…


CAI Investments breaks ground on shopping center

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CAI INVESTMENTS TO ROLL OUT RETAIL AND RESTAURANT SPACE On Dec. 15, CAI Investments broke ground on a new multimillion dollar development project, 3883 Flamingo Center LLC, scheduled to open mid-2018. Alongside CAI Investments’ founder, Christopher Beavor, Clark County Commissioner Steve Sisolak, unveiled the project rendering and plans to develop…


Construction is underway at long-vacant property next to The Palms

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Construction is now underway in metro Las Vegas at the long-vacant property next to The Palms casino/resort and across Flamingo Road from the Gold Coast. Developers say its plans call for a 17-story non-gaming hotel, a residential component and a retail element just west of the Las Vegas Strip. Christopher…


Las Vegas developer launches hotel tower-apartments project

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SOURCE: https://www.reviewjournal.com/business/las-vegas-developer-launches-hotel-tower-apartments-project/ A local developer kicked off a project that would bring a hotel tower, eateries and an apartment complex next to the Palms. CAI Investments founder Chris Beavor held a groundbreaking Friday for the mixed-use project at the southwest corner of Flamingo Road and Valley View Boulevard, a mile…


Southern Nevada apartment development turns to urban neighborhoods

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By ELI SEGALL LAS VEGAS REVIEW-JOURNAL Las Vegas’ apartment boom has brought numerous projects to the suburbs, with properties offering loads of amenities and higher-than-usual rents. Now, amid talk that developers have been overbuilding, some are turning to areas that got ignored in recent years: urban neighborhoods. Rental projects are…


Pig farm, Loft 5 among top Las Vegas real estate deals of 2016

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By ELI SEGALL LAS VEGAS REVIEW-JOURNAL Las Vegas’ never-boring real estate market didn’t disappoint in 2016. Here’s my list of the top 10 deals of the year, in no particular order: ADVERTISING inRead invented by Teads 1. Pig farm Bob Combs launched a business feeding casino food scraps to pigs…


Nongaming hotel planned west of Vegas Strip on site sold at discount from boom years

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By ELI SEGALL LAS VEGAS REVIEW-JOURNAL With plans for private butlers, poolside villas and a nightclub called The Whale Club, condo tower Vegas 888 promised the flash and opulence of a high-roller lifestyle. But like countless other plans from the bubble era, the project flopped – and now, the vacant…


Del Taco to Expand Arizona Presence with 14 New Locations

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LAKE FOREST, CA–(Marketwired – Nov 10, 2016) – Hot off the heels of yet another successful quarter in which the brand reported a 6.7% increase in systemwide same store sales, despite an overall industry downturn, Del Taco Restaurants, Inc. ( NASDAQ : TACO ), announces its most recent development deals….


New Sheraton Hotel Planned in Panama City

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Sheraton Hotels & Resorts, part of Marriott International, Inc. (NASDAQ:MAR), today announced the addition of the Sheraton Bay Point Resort, located along Florida’s idyllic Emerald Coast in Panama City Beach. Managed by Crescent Hotels & Resorts, Sheraton Bay Point Resort recently finished a $30 million top-to-bottom renovation and is poised…


Sheraton Hotels & Resorts Expands Presence in United States with New Resort in Panama City, Florida

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Sheraton Bay Point Resort Slated to Open in Mid-2016 Following Multi-Million Dollar Renovation STAMFORD, Conn.–(BUSINESS WIRE)– Sheraton Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide, Inc. (HOT), today announced the expansion of its North America portfolio with the strategic conversion of a resort in Panama City Beach, Florida. Sheraton Bay…


New hotel set to be built next to Vegas Motor Speedway

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LAS VEGAS (FOX5) – Construction is set to start this summer on a new hotel that will be situated next to the Las Vegas Motor Speedway. The 125-room hotel will be branded by Starwood Hotels, which is also involved in the soon-to-be rechristening of a tower into the W Hotels at…


Starwood-branded hotel planned near Las Vegas Motor Speedway

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A local investment firm plans to build a Starwood Hotels-branded property near the Las Vegas Motor Speedway. CAI Investments said Wednesday that it inked a deal to develop the $18 million, 125-room hotel on Speedway Boulevard just south of Interstate 15. Construction is scheduled to start in July and last…


Power Broker Confidential: SSRI and Durango I-95, LLC are making a difference in Las Vegas

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Durango I-95 LLC, a Los Angeles development company, recently purchased Caroline’s Court, a commercial center at the corner of North Durango Drive and North El Capitan Way, for $14.5 million. Durango I-95 LLC believes the revitalization of the commercial center, which has sat unfinished since the Great Recession, will be…


SSRI Making a difference in Las Vegas Economic Recovery

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  Durango I-95 LLC, a Los Angeles development company, recently purchased Caroline’s Court, a commercial center at the corner of North Durango Drive and North El Capitan Way, for $14.5 million. Durango I-95 LLC believes the revitalization of the commercial center, which has sat unfinished since the Great Recession, will…


Durango I-95 LLC’s acquisition of Caroline’s Court reflects northwest Las Vegas’ recovery

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Durango I-95 LLC, a Los Angeles development company, recently purchased Caroline’s Court, a commercial center at the corner of North Durango Drive and North El Capitan Way, for $14.5 million. Durango I-95 LLC believes the revitalization of the commercial center, which has sat unfinished since the Great Recession, will be…


Big changes coming for Bay Point

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PANAMA CITY BEACH — After changing hands last year, Bay Point Resort in Panama City Beach is undergoing a major facelift. The resort is now receiving a “top to bottom” makeover of its 200 room hotel, spa and conference center. While the main hotel rooms are now closed for renovation,…


KemperSports to Manage Bay Point Resort

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The Panama City, Fla., resort is currently undergoing an extensive renovation project covering its 200-room hotel, spa, and conference area. KemperSports has been selected to manage golf and clubhouse operations at Bay Point Resort in Panama City, Fla. Bay Point Resort is currently undergoing an extensive renovation project that includes…


KemperSports Coming In To Manage Bay Point Golf

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Panama City Beach, FL—A rather significant change is coming for one of this area’s well known golf resorts. KemperSports, one of the nation’s premier golf management companies, announcing Tuesday it is taking over management of the golf and clubhouse operations at Bay Point Resort in Panama City Beach. That’s home…