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MGM Growth Properties Makes Play to Acquire VICI Properties
Caesars Palace in Las VegasMGM Growth Properties LLC (NYSE: MGP) is making a play to combine two of the largest casino owners in the world. MGM sent a letter to the CEO and the chairman VICI Properties Inc. (OTCMKTS: VICI) proposing to acquire 100...

Apartment Owner Obtains $40.5M in Refinancing
The San Diego-based owner of two apartment properties totaling 440 units in Escondido, CA and Las Vegas, NV has obtained a total of $40.5 million in refinancing. A statement from NorthMarq Capital, which arranged the financing, said separate seven...

Private Investor Pays $5.3M for Las Vegas Office
Rainbow Sunset Plaza LLC, a CA-based investor, acquired the two-story office building in Las Vegas, NV from a private investor for $5.25 million, or about $151 per square foot. The class B 34,860-square-foot office/medical building delivered in 1987...

The Enclaves Trade for $6.2M in Las Vegas
Dalrose LLC and Nanced LLC, private limited liability companies, partnered to purchase The Enclaves in Las Vegas, NV from TECC LLC for $6.16 million, or approximately $116,000 per unit. The Class B apartment community delivered in 1990 at 8455 W. Sahara...

Latitude Mgmt Sells Yardz at Mirabelli Apt Complex in Las Vegas
Latitude Management Real Estate Investors, Inc. sold the 168-unit Yardz at Mirabelli apartments in Las Vegas, NV to Avenue North LLC for $12.28 million, or approximately $73,000 per unit. The 152,320-square-foot multifamily property delivered in 1984...

American Barbell Takes 70,000 SF in Las Vegas
American Barbell LLC, a gym equipment manufacturer founded in 1978, signed a five-year lease for 70,369 square feet in Las Vegas, NV. The single-story class A industrial building totals 311,501 square feet at 2695 N. Lamb Blvd. in the SunPoint Business...

Penn National to Acquire Pinnacle for $2.8 Billion in Largest Gaming Merger Since 2013
Penn National Gaming, Inc. (Nasdaq: PENN) has agreed to buy smaller competitor Pinnacle Entertainment, Inc. (Nasdaq: PNK) in a cash-and-stock transaction valued at $2.8 billion, in the largest U.S. gaming merger since 2013. Las Vegas-based Pinnacle...

La Quinta Inn & Suites Las Vegas South Trades For $17.5M
Sunset Surry Inn-Vestments LLC, a private investor, sold the La Quinta Inn & Suites Las Vegas Airport South in Las Vegas, NV to GB Inn LLC for $17.5 million, or about $232 per room. The three-floor hotel delivered in 2010 at 6560 Surrey St. and is...

Wynn Adds Final Piece to 280-Acre Site Assembly on Las Vegas Strip for $336 Million
Wynn Resorts, which announced the purchase of the former New Frontier site Thursday, is expected to begin construction of the $1.5 billion Paradise Park first phase early next year.Credit: Wynn Resorts Wynn Resorts Ltd (Nasdaq: WYNN), continuing its...

Transwestern Gets Management Assignment for Clark County Office Portfolio
After acquiring a four-building office portfolio in Clark County earlier in 2016, Griffin Capital has awarded the leasing assignment for the acquired properties to Transwestern. The listing is one of the largest assignment changes in Las Vegas and a...

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