Latest Development & Business News for June (Local)
Chinatown Plaza in foreground with Las Vegas Strip in background. (CoStar)
The Strip, Downtown Comprise Half of Las Vegas Apartment Pipeline (costar.com)
“Calida Group, one of the most active developers in Las Vegas over the past decade, has 400 units in the pipeline at 3900 Paradise Road near the Las Vegas Strip. The luxury apartments are being developed at the former site of The Park at 3900, an office building that partially burned down in 2019. Calida is also redeveloping a retail property adjacent to its apartment project.”
“Grafted Kitchen embraces a set of core values guiding their mission to empower and uplift individuals in their community: Restore, Equip, Dream, Bridge, and Graft. They aim to restore dignity and purpose, provide essential skills for success, inspire bold dreams, build bridges to meaningful employment, and support growth and transitions.”
Major retailers are offering summer deals to entice inflation-weary shoppers - Las Vegas Sun News
“The latest quarterly earnings reported by Walmart, Macy's and Ralph Lauren underscored that consumers have not stopped spending. But multiple CE0s, including the heads of McDonald's, Starbucks and home improvement retailer Home Depot, have observed that people are becoming more price-conscious and choosy. They're delaying purchases, focusing on store brands compared to typically more expensive national brands, and looking for deals.”
Chinatown - Las Vegas Sun News
Las Vegas Works To Reposition Its Pioneering Chinatown (costar.com)
“The county this month officially launched its Spring Mountain Corridor Redevelopment Plan. Spring Mountain Road is a three-mile corridor about two miles west of the famous Las Vegas Strip, originally built as an industrial pathway to a Wells Cargo facility used in mining, construction and transportation.”
Las Vegas, Land of the Single-Family Home, Is Going All-In on Condos - WSJ
“On a September evening in 2023, women with wine glasses and copies of the 2020 novel “In Five Years” went from room to room in Karen Quinn’s 25th-floor condo at Turnberry Place, a four-building, high-rise condo development about half a mile east of the Strip in Las Vegas.”
Forrest Barbee appointed to Nevada Real Estate Commission | Las Vegas Business Press
“A member of the Las Vegas Realtor’s association Hall of Fame and former Realtor of the Year, Barbee in his capacity with Berkshire Hathaway also oversees offices in Arizona and Southern California.”