Nevada

Moonwater Capital Breaks Ground on 220,000 SF Halo Tower Office Property in Southwest Las Vegas

by Amy Works June 3, 2026

LAS VEGAS — Developer Moonwater Capital has broken ground on Halo Tower, an eight-story Class A office property in southwest Las Vegas. Completion and occupancy is planned for third-quarter 2028. Situated on Sunset Road adjacent to the 215 Beltway, Halo Tower will feature 220,000 square feet of office space with 28,571-square-foot floor plates, 15- to 17-foot lobby heights and an indoor-outdoor rooftop boardroom and amenity deck with panoramic views of the Las Vegas Valley. Martin-Harris Construction is serving as general contractor for the project. Brad Peterson, Tanner Peterson, Justin Witt and Grace Ordonez of CBRE will handle marketing and leasing for the property.

June 3, 2026

Acquisitions Hospitality Nevada Texas Top Stories Western

Fertitta Entertainment Agrees to Acquire Caesars Entertainment in $17.6B Deal

by Abby Cox May 29, 2026

HOUSTON, LAS VEGAS AND RENO, NEV. — Fertitta Entertainment Inc., a private holding company controlled by the NBA’s Houston Rockets governor (i.e. owner) Tilman Fertitta, has entered into a definitive agreement to acquire casino and gaming giant Caesars Entertainment (NASDAQ: CZR) for $17.6 billion. Fertitta Entertainment plans to finance the acquisition through a combination of equity, assumed Caesars’ outstanding debt (approximately $11.9 billion) and new committed debt financing arranged by a consortium of 10 banks. Under terms of the agreement, Caesars shareholders will receive $31 in cash for each outstanding share, which represents a 49 percent premium to the company’s unaffected stock price on Feb. 25 (the last trading day before rumors of a potential transaction were reported) — $20.77 per share. Upon completion of the transaction, shares of Caesars Entertainment common stock will no longer be listed on the NASDAQ stock exchange. Caesars operates several major Las Vegas Strip properties, such as Caesars Palace, Harrah’s, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo and The Cromwell. Fertitta Entertainment owns Golden Nugget Hotels & Casinos and operates more than 450 full-service restaurants around the world, including Landry’s, Rainforest Café and Morton’s. According to the press releases issued by both companies, …

May 29, 2026

Development Industrial Nevada Western

Metcalf Completes Construction of 475,880 SF Industrial Facility in Reno, Nevada

by Amy Works May 26, 2026

RENO, NEV. — Metcalf Builders has completed construction of East Building 6 at the Comstock Commerce Center, a $24 million project within the Tahoe Reno Industrial Center (TRIC) in Reno. Locus Development Group owns the building, which is ready to support tenant operations. Located at 2200 USA Parkway, East Building 6 features 475,880 square feet of bulk industrial space designed to meet logistics, warehousing and manufacturing needs. East Building 6 is part of the Comstock Commerce Center, a master-planned industrial development within TRIC.

May 26, 2026

Acquisitions Nevada Retail Western

Marcus & Millichap Brokers Sale of Two-Tenant Retail Property in Las Vegas

by Amy Works May 21, 2026

LAS VEGAS — Marcus & Millichap has brokered the purchase of a two-tenant retail property in Las Vegas. Merra Cordier, a local entrepreneur and owner of The Purple Chandelier, acquired the asset from an ownership group that included former Nevada Lt. Gov. Lorraine Hunt Bono. Built in 1977, the former OfficeMax building is located at 4995 S. Eastern Ave. The Purple Chandelier, formerly Lynn’s World Consignment, and Bodega Furniture currently occupy the property. The new ownership intends to renovate and improve the facility while continuing retail operations on site. Candace Bare of Marcus & Millichap represented the buyer in the deal.

May 21, 2026

Acquisitions Loans Multifamily Nevada Western

Newmark Negotiates Sale, Financing of 404-Unit Village at Iron Blossom Multifamily Property in South Reno

by Amy Works May 13, 2026

SOUTH RENO, NEV. — Newmark has directed the sale and financing of Village at Iron Blossom, an apartment community in South Reno. Details of the sales price and financing were not released. Jonathan Merhaut led the Newmark team that represented the undisclosed seller. Located at 690 E. Patriot Blvd., Village at Iron Blossom features 404 apartments. Built in 1984, the property has remained under the same ownership for the past decade and has benefited from significant capital improvements, including an estimated $12 million reinvested by the owner to maintain the property’s standing as a market-leading Class B community, according to Newmark.

May 13, 2026

Acquisitions Arizona Hospitality Nevada Top Stories Western

VICI Properties Completes $1.2B Sale-Leaseback of Seven Casino Properties

by Abby Cox May 1, 2026

NEW YORK CITY AND LAS VEGAS — VICI Properties Inc. (NYSE: VICI), a REIT specializing in owning and operating gaming, hospitality and entertainment developments, has completed a $1.2 billion sale-leaseback of seven casino properties from Golden Entertainment Inc. (Nasdaq: GDEN). Under the terms of the deal, which was previously announced in November, Golden will be taken private by chairman and CEO Blake Sartini. In addition, Golden Entertainment shareholders have received approximately 24.3 million shares of newly issued VICI stock in exchange for the outstanding shares of Golden Entertainment stock. VICI will also assume and repay up to $426 million of Golden Entertainment’s outstanding debt using a combination of cash and net proceeds from the transaction. iGaming Business, a business-to-business trade publication and news website for the online gambling and betting industry, reported that VICI acquired the following properties: In total, the properties include 6,000 hotel rooms, 4,306 slot machines and 78 gaming tables, according to iGaming Business. “This transaction reflects the strategic direction Golden Entertainment has been building toward — a sharper focus on our core Nevada casino and tavern operations and becoming a private company,” says Blake L. Sartini, chairman and CEO of Golden Entertainment. “We’ve long respected VICI’s …

May 1, 2026

Acquisitions Multifamily Nevada Western

Northcap Commercial Brokers $20M Sale of Bonanza Gardens Apartments in Las Vegas

by Amy Works April 28, 2026

LAS VEGAS — Northcap Commercial has arranged the sale Bonanza Gardens Apartments, a multifamily property located at 2751 E. Bonanza Road in Las Vegas. The property sold for $20 million, or $116,959 per unit. Built in 1964, the community features 171 apartments. Robin Willett, Devin Lee and Jerad Roberts of Northcap Commercial represented the undisclosed seller and procured the buyer in the off-market transaction.

April 28, 2026

Acquisitions Industrial Loans Nevada Western

Bendetti, Singerman Real Estate Complete $71M Recapitalization of Industrial Portfolio in Sparks, Nevada

by Amy Works April 23, 2026

SPARKS, NEV. — Irvine, Calif.-based Bendetti and Singerman Real Estate have completed a $71 million off-market recapitalization of an industrial portfolio in Sparks. Known as Southern Way Industrial, the portfolio includes three single- and multi-tenant buildings totaling more than 635,000 square feet. Spread across a 21-acre site, the buildings feature clear heights ranging from 18 feet to 28 feet. At the time of closing, the portfolio was 54 percent occupied.

April 23, 2026

Acquisitions Nevada Retail Western

Brixton Capital Returns to Las Vegas with $29.4M Acquisition of Las Palmas Village Shopping Center

by Amy Works April 23, 2026

LAS VEGAS — Brixton Capital has purchased Las Palmas Village, a shopping center at 445 E. Windmill Lane in Las Vegas, from Australia-based Cop Group for $29.4 million in an off-market transaction. Las Palmas Village features 106,838 square feet of grocery-anchored retail space that was 95 percent occupied at the time of sale. Current tenants include Vons, Starbucks Coffee, Wells Fargo, Pizza Hut, The UPS Store and Taco Bell. Brixton plans to implement a comprehensive capital improvement program to position the property for long-term institutional-quality performance. Planned improvements include landscaping, painting, roof repairs, HVAC and parking lot resurfacing upgrades. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller, while Brixton was self-represented in the transaction. Previously, Brixton owned Decatur 215, a 126,678-square-foot shopping center in Las Vegas, which it sold in 2023. The acquisition of Las Palmas Village marks the company’s return to the Las Vegas market.

April 23, 2026

Acquisitions Industrial Nevada Western

Premier Logistics Properties, PCCP Buy 813,120 SF Industrial Facility in North Las Vegas

by Amy Works April 22, 2026

NORTH LAS VEGAS, NEV. — Premier Logistics Properties, in partnership with PCCP, has acquired an infill, big box warehouse at 4550 Nexus Way in North Las Vegas. Terms of the off-market transaction were not disclosed. Developed in 2017 on 38.2 acres, the 813,120-square-foot building features a clear height of 36 feet, full concrete truck courts and ample employee parking and trailer storage. Amazon fully occupies the property.

April 22, 2026

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