Globe Street

REITWorld: Calm Retail Tone, Multifamily Strength

Posted by Globe Street on November 20, 2015
Globe Street / Comments Off on REITWorld: Calm Retail Tone, Multifamily Strength

LAS VEGAS—Analyst Canaccord Genuity Inc. sums up their meetings on the retail and multifamily front, noting that for retail, “store closings are increasingly someone else’s problem.”

Iconic Fountainbleau Ready for Restart

Posted by Globe Street on November 13, 2015
Globe Street / Comments Off on Iconic Fountainbleau Ready for Restart

LAS VEGAS—The partially-completed project is projected as a hotel/casino and condo mixed use, but provides flexibility for potential new developers.

W Las Vegas Hotel Planned at SLS

Posted by Globe Street on November 09, 2015
Globe Street / Comments Off on W Las Vegas Hotel Planned at SLS

LAS VEGAS—A conversion of the 289-room tower currently operated at SLS Lux is expected to be completed by late 2016.

Harbor Group Buys 3 Apartments for $300M

Posted by Globe Street on November 04, 2015
Globe Street / Comments Off on Harbor Group Buys 3 Apartments for $300M

NORFOLK, VA—The properties are in New Jersey and Maryland. If recent history is any guide the company will reposition them and resell at a profit in three years.

MGM Resorts to Create REIT

Posted by Globe Street on October 29, 2015
Globe Street / Comments Off on MGM Resorts to Create REIT

LAS VEGAS—MGM Growth Properties will involve ten assets and $4 billion in restructured debt.

MGM Resorts Moves to Create REIT

Posted by Globe Street on October 29, 2015
Globe Street / Comments Off on MGM Resorts Moves to Create REIT

LAS VEGAS—To be known as MGM Growth Properties, the REIT will own 10 of MGM Resorts’ casino assets, including seven in Las Vegas, while assuming about $4 billion of debt.

Good Underlying Fundamentals in Vegas Retail

Posted by Globe Street on October 28, 2015
Globe Street / Comments Off on Good Underlying Fundamentals in Vegas Retail

LAS VEGAS—One source we spoke with for this EXCLUSIVE Q&A on the local retail market says that we can expect growth in population, employment and development here.

Peer-to-Peer Platform Showing in Vegas

Posted by Globe Street on October 27, 2015
Globe Street / Comments Off on Peer-to-Peer Platform Showing in Vegas

LAS VEGAS—Groundfloor is a real estate lending marketplace open to DIY investors.

HFF Secures $72M Loan for Vegas-Area Lifestyle Mixed-Use

Posted by Globe Street on October 27, 2015
Globe Street / Comments Off on HFF Secures $72M Loan for Vegas-Area Lifestyle Mixed-Use

HENDERSON, NV—The District at Green Valley Ranch, a 383,724-square-foot, mixed-use, retail and office center purchased recently by Vestar.

Construction Industry Icon Leaves Legacy in Las Vegas

Posted by Globe Street on October 18, 2015
Globe Street / Comments Off on Construction Industry Icon Leaves Legacy in Las Vegas

LAS VEGAS—George Randall, co-founder of Steel Engineers Inc. dies at 82.