Calendar of Conventions in Las Vegas Real Estate
Las Vegas Convention Schedule For May 29 - June 4 2007
Las Vegas Convention, Location, Start Date, End Date, Attendees
Echelon Las Vegas retail project plans by General Growth Properties Inc. and Las Vegas Boyd Gaming Corp. The 300,000 square foot, $500 million, retail plans will be part of the $4 billion, Echelon real estate. The implosion of the Stardust Casino to make way for the Las Vegas mega resort several months ago. This partnership was announced at the ICSC annual spring meeting in Las Vegas, Nevada. The joint venture plans are for General Growth to contribute $100 million and Boyd to offer the real estate and above air rights for development.
Boyd Gaming has developed a fantastic international team and brand for the Echelon Resort. These operators include Shangri-La Hotels, the leading luxury hotel brand in Asia; Morgans Hotel Group, which is developing the Mondrian and Delano hotels in a joint venture with Boyd Gaming; and AEG Live, and entertainment producer.
MGM Mirage Las Vegas completed the transaction last week on the 33.5 acres of the real estate acquisition on the north Strip. The 25.5 acres of land was purchased for $444 million at Sahara and Las Vegas Boulevard next to the Allure condos. The remaining eight acres worth $131 million on the Strip, closed earlier in May 2007.
Both real estate deals were said to have involved a 1031 tax deferred exchange capital from the MGM’s sale of the Primm, Nevada real estate and its holdings in Jean, NV. The reported largest land transaction on the Las Vegas Blvd. cost a total of $576 million.
Calendar of Conventions in Las Vegas Real Estate
Las Vegas Convention Schedule For May 22 - May 28 2007
Las Vegas Convention, Location, Start Date, End Date, Attendees