Category Archive : Area Living

LAS VEGAS, NV – HCA Healthcare has purchased a nearly 57-acre plot of land along Las Vegas Boulevard from Station Casinos for approximately $62.3 million, fueling speculation that the hospital chain will be opening up a new medical facility along the Las Vegas Strip in the future.

The sale of the property, located at the northwest corner of Las Vegas Boulevard and Cactus Avenue, was closed in late December 2022, property records show.

Antonio Castelan, Communications Manager and Spokesman for HCA Healthcare, confirmed that the purchase of the property from Station Casinos had taken place but stated there are currently no concrete plans for the property that they can reveal as of press time.

“We buy land from time to time for potential use in the future,” he said. “No specific plans have been made on the use of the land.”

HCA Healthcare is an operator of health care facilities and founded back in 1968. It is based in Nashville, Tennessee, and as of May 2020, owns and operates 186 hospitals and approximately 2,000 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 21 states and the United Kingdom.

As of 2021, HCA Healthcare is ranked #62 on the Fortune 500 rankings of the largest United States corporations by total revenue.

Station Casinos have been involved in a series of real estate moves recently; approximately one month before closing on the deal with HCA Healthcare, their parent company, Red Rock Resorts, announced that Texas Station, Fiesta Rancho and Fiesta Henderson – three of the firm’s Vegas-area resorts, all shuttered since the start of the COVID-19 pandemic – are scheduled for demolition, with the land then to be sold to the highest bidders.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Following the approval of Nevada voters of Ballot Question 2 – the Initiative to Regulate and Tax Marijuana – the purchase, possession, and consumption of recreational marijuana for adults became legal in Nevada on January 1, 2017.

“A person who is 21 years of age or older is allowed to possess and consume retail marijuana,” the law says. “A marijuana consumer may possess up to 1 ounce of marijuana or 1/8 of an ounce of concentrated marijuana. Marijuana can only be purchased legally from state-licensed retail marijuana stores.”

However, since the law was enacted, outside from private residences there have been no legal places to consume cannabis in Nevada, but that is set to change with the arrival of cannabis lounges to the Las Vegas Strip in 2023.

The state of Nevada – and especially the city of Las Vegas – will be allowing legal cannabis-consumption lounges in the New Year. These venues would function similarly to standard bars, but would only allow the use of marijuana by both residents and tourists; alcohol would be prohibited in such establishments.

The largest cannabis dispensary in Las Vegas, Planet 13 – located approximately one mile from the Las Vegas Strip – has already voluntarily given up its liquor license in favor of opening a cannabis lounge. In addition to existing dispensaries being allowed to open cannabis lounges, 20 licenses for stand-alone lounges will also be issued by the state of Nevada, with several expected to open on the Strip in 2023.

However, none of those 20 cannabis lounges will be located in hotel/casino resorts, as federal law prohibits such a thing; however, the stand-alone lounges will be allowed elsewhere on the Strip once their licenses have been granted by the state.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The Village, the site of the infamous 2017 mass shooting that is considered the deadliest such event in U.S. history, was announced on Friday as having been sold by MGM Resorts International to the Three Affiliated Tribes of North Dakota (MHA Nation). 

It is currently unknown how much the 13-acre plot of land, located at the site of the 2017 Route 91 Harvest Festival, was sold for, although the sale does not include an additional two-acre section of the property that had been set aside for a permanent memorial to the victims of the shooting, according to MGM Resorts President Bill Hornbuckle. 

“We know the importance this location holds to so many and have always put tremendous thought into every consideration involving the site,” he said. “This is no exception.” 

The Three Affiliated Tribes of North Dakota is made up of the Arikara, Hidatsa and Mandan Nation tribes – also known as the MHA Nation – and is noted for collecting approximately $1.7 billion in tax revenues over the course of the last 15 years by allowing the federal government to drill for oil on their lands. 

The MHA Nation already owns and operates the 4 Bears Casino & Lodge on Fort Berthold Reservation land since 1993, and despite the future development plans of the Las Vegas sale not yet being disclosed, Three Affiliated Tribes attorney John Fredericks III teased that it may be used as the location of a new tribal-run hotel/casino resort. 

“This is a sound investment for the MHA Nation,” he said. “There are no immediate specific plans for development but the MHA Nation will be exploring its development opportunities in the near term.” 

On October 1, 2017, Stephen Paddock, 64, opened fire on the crowd attending the Route 91 Harvest music festival on the Las Vegas Strip in Nevada, firing over 1,000 bullets from 32nd-floor rooms in the Mandalay Bay hotel. Paddock killed 60 people and wounded at least 413 others; the ensuing panic increased the total of those injured to 867.  

Paddock was later found dead in his room, having shot himself; his motive for the shooting was never revealed. 

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Summoning images of anti-authority, slam-dancing men and women in leather jackets sporting outrageous, multi-colored hairdos, The Punk Rock Museum is slated to mosh its way into Las Vegas with an anticipated opening date of March 2023, offering an experience to music fans like none ever seen before.

Brought to life by a group of punk rock legends known as the “Punk Collective” – including NOFX’s Fat Mike, Pennywise’s Fletcher Dragge, Bryan Ray Turcotte, Vinnie Fiorello, and more – The Punk Rock Museum, currently under construction, will offer music fans “the world’s most expansive, inclusive, and intimate display of artifacts, fliers, photos, clothing, instruments, handwritten lyrics, artwork, and just about everything else donated by the people and bands who were there.“

The 12,000 square-foot facility will offer a plethora of memorabilia and artifacts representing one of the most turbulent music genres ever conceived, including handwritten lyrics, instruments – which will not only be viewable by guests, but actually playable as well – clothing, photos, flyers, and artwork representing some of the biggest names in punk rock, such as Blondie, Sum 41, Rise Against, Devo, and more.

In addition to serving as a chronicle of punk rock history and the people who made it happen, the museum will also offer a bar, tattoo parlor, wedding chapel, jam room, and a variety of other experiences for guests to indulge in.

The Punk Rock Museum was originally slated to open on January 13, but a series of construction delays have pushed that date back to March 10. Upon opening, visitors will actually be taken on guided tours of the museum by punk icons such as Louiche Mayorga from Suicidal Tendencies, Noodles from The Offspring, Stacey Dee from Bad Cop/Bad Cop, Don Bolles from The Germs/45 Graves, Greg Hetson from Circle Jerks/Punk Rock Karaoke, Warren Fitzgerald from The Vandals, and Zach Blair from Rise Against. 

“Everyone who books one of these tours will hear stories no one else has heard before, from the people who lived them,” the museum’s website says.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The MSG Sphere, the high-tech entertainment venue that has been under construction off of the famed Las Vegas Strip since its initial groundbreaking in September 2018, has encountered a series of financial overruns during its development saga that has caused it to exceed Allegiant Stadium as the city’s priciest entertainment venue ever.

Originally, Madison Square Garden Co. – in conjunction with partner Las Vegas Sands Corp. – had estimated the cost of the high-tech stadium at $1.2 billion; however, the initial general contractor of the project, AECOM, later announced that costs were more likely in the range of $1.7 billion. Madison Square Garden took over as general contractor in December 2020, although AECOM continued to provide support.

Costs have ballooned in the four years since the groundbreaking, however, and are now estimated to be a whopping $2.17 billion, taking the title of the costliest entertainment venue in Las Vegas away from the $1.9 billion Allegiant Stadium.

The 17,500-seat auditorium was initially scheduled to open in 2021, but construction was suspended in April 2020 due to the COVID-19 pandemic; construction resumed later that year, with the venue now slated to open in the second half of 2023.

When completed, the MSG Sphere will be a 400,000-square-foot, 18,000-seat, 360-foot-tall globe-shaped arena on 63 acres of property located behind the Venetian Resort Hotel Casino on the Las Vegas Strip.

The exterior of the sphere will feature 36 miles of variable intensity LED lighting – known as an exosphere – enabling the structure to allow outside spectators to peer through a transparent façade to watch the concert within; at higher lighting intensities, outside vision will be obscured.

The venue will cater to musical performances and concerts; however, the occasional boxing or MMA contest could be held there as well, according to Madison Square Garden Co.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – After a deadly fire three years ago that resulted in 6 dead, 13 injured, and dozens of families without a home, the former Alpine Motel Apartments has finally been rebuilt and rechristened as DLUX Lofts, with the new property owner pouring $3 million into the facility’s rehabilitation.

DLUX Lofts isn’t merely a recreation of the original three-story, 42-unit apartment complex that was all-but destroyed during an early-morning fire on December 21, 2019; it represents a significant overhaul, not only in terms of making it safe to occupy once again, but also due to a cutting-edge tech upgrade as well.

The building features a full redevelopment of the original structure, including a new sprinkler system throughout the entire complex – in both the hallways and in each apartment – as well as new utilities, new windows, a new roof, and new flooring.

All of the apartments – which range in size from 300 to 400 square-feet – have been given a luxury makeover, boasting amenities such as stainless steel appliances, quartz countertops, built-in bluetooth speakers, fingerprint and bluetooth-enabled door locks, a smartphone-compatible video-intercom access system, and high-speed WiFi internet access.

Despite all of the shiny new features, the units at DLUX Lofts are surprisingly affordable, with rents expected to be in the neighborhood of $1,150 to $1,350, a price that includes all utilities – such as water, electricity, and internet – as well.

The apartment complex rising from the ashes comes after what was described as the deadliest building fire in the history of Las Vegas, which saw tenants jumping from the windows of their second-and-third story apartments in a desperate bid to escape the flames.

Surviving residents stated that the building – which previously had no sprinkler system at all – had a history of failed fire inspections, and at the time of the blaze had not had any inspections at all for two years. Afterwards, investigators found over 40 fire code violations, in addition to asbestos contained throughout the structure.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The upcoming high-speed railway system between Las Vegas and Southern Los Angeles – which has been gestating for a number of years now, having been plagued by a series of delays – has finally seen some forward momentum, as reports indicate that developer Brightline West is now ‘on-track’ to officially break ground on the project in 2023.

With the groundbreaking originally announced to take place back in 2020, the $8 billion project, once completed, will take the form of a 34-mile stretch of track in Nevada running along Interstate 15 and ending at a station located on the south end of the Las Vegas Strip.

This line would be fed by several lines from various locations in California, resulting in a total of approximately 185 miles of track overall. Travelers from Las Vegas would be able to continue from the system to Los Angeles via the Metrolink, which would effectively link Las Vegas with L.A. via a 75-minute trip.

Brightline is boasting that the railway could be responsible for removing “millions” of cars from the I-15, which would go a long way towards reducing pollution.

“The environmental assessment underscores the positive environmental impact of utilizing the I-15 for high-speed rail and is a significant step in the process to receive the key approval to begin construction,” the company said in a statement.

Funding for the project is slated to come from several sources, with Brightline applying for federal grants and private activity bonds in both Nevada and California; in addition, funding could be procured from the recently-passed federal infrastructure bill, part of which is earmarked to support rail projects.

The Brightline West railway project has been long-delayed due to several reasons, ranging from the COVID-19 pandemic and its effects upon financial markets to the 2020 presidential election and the economic uncertainty that it created at the time.

If the project finally proceeds in 2023, the expected completion date would is expected to be in 2027.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The Harmon at 370, an apartment complex located near the famed Las Vegas Strip and adjacent to a large tract of vacant land that Formula One is currently developing into a new racetrack, has been listed for sale, with the property’s new landlord asking for the hefty sum of nearly $189 million.

Previously, the complex had been known as Harbor Island Apartments, and residents had grown quite used to the large plot of land next door – especially since its perpetual state of disuse had resulted in a sustained state of peace and quiet.

However, the 21.4-acre site at 370 East Harmon Avenue – situated approximately one mile east of the Strip – sold to Laguna Point Properties in the spring for $126 million, at which time it was rechristened The Harmon at 370; at the same time as that purchase, Formula One was in the process of buying the empty plot next door.

Greg Campbell, a founding principal with Laguna Point Properties, said that he started getting inquiries about selling the apartment complex before his company had even finished closing on the deal, as the news of a Formula One racetrack being built next door had generated a great deal of hype.

“They get a whole following of people who want to be around them,” Campbell said of Formula One; with that being the case, it didn’t take long for Laguna Point Properties to put the property they had just purchased back on the market, and at a much higher price point than they themselves had paid.

The Harmon at 370 is being marketed as being “suitable for hotel, resort, retail and mixed-use development,” and is expected to be demolished if sold, with the property expected to be developed into something that caters more towards Formula One fans and general tourists, as opposed to long-term housing.

Formula One announced in March that it would hold a 50-lap Grand Prix in Las Vegas in November 2023; the track that is currently in the works will, upon completion, run for 3.8 miles, with racers expected to hit top speeds of 212 miles per hour.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – UnCommons – a large mixed-used facility currently under development in southwestern Las Vegas – has officially entered the apartment construction phase of its development – known as phase 2 – after having fully leased the office buildings that were erected during the first phase.

Upon completion, UnCommons – located at Durango Drive and the 215 Beltway in the southwest valley – will essentially be a mini-city within a city, consisting of 500,000 square feet of offices, in addition to restaurants, health and fitness studios, relaxation options, and over 830 residential units.

The concept behind the $400 million project is that it will be a space where the various employees working for the businesses located there will have numerous solutions to all of their needs – living space, entertainment, exercise, and more – right at their fingertips.

UnCommons was announced in early 2019 and broke ground in summer 2020, and according to Matter Real Estate Group – the company behind its development – the project has officially begun work on its first 352-unit apartment complex, dubbed Vestra, which is slated to be available for move-ins in March 2023.

A second apartment complex, the 454-unit Domus, is currently in its design phase.

Matter has finished and fully leased two office buildings – with tenants including CBRE Group, Morgan Stanley and DraftKings – and is in the process of building two more; in addition, multiple restaurants and entertainment venues are slated to open in 2023 as well, including The Coffee Class, Smitten Ice Cream, SoulBelly, Saint Honoré Doughnuts and a sports bar called General Admission.

When completed, UnCommons is expected to be a boon for its inhabitants, who will be able to access the conveniently-located public retail and entertainment options built within rather than having to commute to farther areas such as Henderson for a afternoon or evening out.

Phase 2 is expected to be completed by summer 2023.

For more information on availability and more, visit https://uncommons.com

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The housing market nationwide has been experiencing a series of hurdles and setbacks due to the ongoing inflation and rising mortgage interest rates that have been plaguing prospective homebuyers throughout 2022. However, real estate experts are noting that while Las Vegas isn’t immune to these issues, the marketplace is currently proving to be far more affordable overall than much of the country.

As 2022 soon enters into its final month, Las Vegas real estate expert Kirby Scofield stated in a recent interview that – despite the economic roadblocks that are in the way – individuals can still get a great deal in Southern Nevada if they’re willing to put in the effort, as the region features a unique set of circumstances that can prove rewarding for homebuyers.

“We have four casinos going up, two more sports teams supposedly going to be announced and thousands of jobs coming into Las Vegas, that means people are going to be moving…moving means buying and selling homes,” he said.

The factors contributing to an improving Las Vegas real estate marketplace include gradually-lowering home prices coupled with reduced competition for the current inventory; this situation, Scofield said, can provide the ability to secure a good deal on a purchase despite high interest rates on home loans, which are currently past 7 percent.

Scofield notes that buyers should be looking at homes that they can afford based on the current interest rates, but also keep in mind that the tough market is now causing sellers to offer compromises that can lower the overall money you need to sink into a deal.

In addition, Scofield also said that some first-time home buyers may qualify for a Federal Housing Administration (FHA) home loan, which would require only a three-and-a-half percent down payment.

“Utilize that it’s currently a buyer’s market to get seller concessions to buy down the points, and pay for your closing costs and get keys for home you deserve,” he said. “More homes available in FHA limit, double than we had in inventory in January alone of every home total in Vegas.”

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The Mirage Las Vegas is slated to transfer operations next month from MGM Resorts International to Hard Rock, the gaming arm of the Seminole Tribe of Florida, marking the first time that a Native American tribe will run a resort casino on the famed Las Vegas Strip in its long history.

The Seminole tribe has developed extensive hotels and resorts for gaming on some of their reservations, and in 2007 the tribe bought the Hard Rock Cafe franchise for $965 million, including 124 Hard Rock Cafes, four Hard Rock Hotels, two Hard Rock Hotel and Casino Hotels, two Hard Rock Live! concert venues, and stakes in three unbranded hotels. Since then, they established the Hard Rock Cafe brand in their hotels and casinos. They now have a total of seven casinos.

Hard Rock announced that it had purchased the rights to operate The Mirage in December 2021 for an eye-opening $1.075 billion; currently, no immediate changes are anticipated, with the resort’s iconic volcano show expected to continue functioning as usual for the time being.

Once the shift in operations is complete, The Mirage will be switching from its current MGM Rewards program to Hard Rock’s Unity Rewards customer loyalty program, and eventually the name of the resort itself will be re-branded with the Hard Rock name, with extensive renovations transforming the building’s façade to the same trademark guitar-style shape as other Hard Rock resorts.

However, The Mirage will remain operating under its current moniker and form for the time being, as reports indicate that MGM has licensed the Mirage name and brand to Hard Rock for three years, royalty-free.

Despite that, it is expected that the venue may be closed for a period of time after Hard Rock takes over in order to make changes, renovations, and improvements where needed, although this has yet to be officially announced and may not prove to be the case.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Ground has been officially broken on the Helios Health and Wellness campus in Las Vegas, a massive $5 billion project whose development is being headed up by Salt Lake City-based developer and general contractor Pacific Group.

The Helios project, upon completion, will take the form of a mixed-use facility that will encompass over two million square-feet of laboratory, research and medical office space. In addition, there will also be 500,000 square feet of retail and restaurant space as well as 250 hotel rooms.

The ambitious project will be completed in numerous phases, according to Pacific Group, with the total amount of development time estimated to be between seven and ten years. Ultimately, when finished, the Helios Health and Wellness campus is expected to generate more than 10,000 jobs in Southern Nevada.

Currently, there is massive demand for medical services in the Las Vegas region, owing to the swift growth of the population following a period of rapid economic and job growth, and serves as a prime example of the increase in healthcare construction spending there as of late. Of the 12 major sectors in the second quarter of 2022, Vegas ranked number two in terms of proposal activity in the healthcare market.

Despite rumblings of a national recession, healthcare developers are still betting on Las Vegas due to its population explosion in recent years. A recent study conducted by the University of Nevada predicts that the region’s population will hit approximately 3.4 million residents by 2060; that number currently sits at about 2.33 million.

Plus, another factor that has developers investing countless dollars into Vegas’ health industry is the overall need, with no new medical facilities having been built locally in the last year, leading to a dearth of options for those seeking care.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.