Tag Archives: acres

16 acres on Las Vegas Strip expected to bring over $540 million

Tuesday, Might 22, 2018|1:09 p.m.

. A 16-acre parcel for sale on the Las Vegas Strip could fetch more than $34 million an acre– or in excess of $540 million, according to business realty financial investment firm CBRE.

Owner NPB Luxury LLC retained CBRE and its Las Vegas-based Global Gaming Group to lead the sale of the home that extends from the southeast corner of Harmon Opportunity south to the Walgreens pharmacy at 3765 Las Vegas Boulevard South.

The location includes the Hawaiian Market retail center and the shuttered Harley Davidson Cafe. It features 1,100 feet of Strip frontage throughout from CityCenter, just south of the World Hollywood.

“This parcel is truly prime Las Vegas real estate, surrounded by iconic Las Vegas brand names in a location that is quickly becoming the Times Square of the Strip because of its brilliant lights, digital marketing and increasing pedestrian counts,” stated CBRE Senior Vice President Michael Parks, one of two executives leading the sale.

The property might be utilized for a hotel, condos, retail or home entertainment, Parks stated.

“The potential of this land is amazing,” he stated. “As visitation to Las Vegas stays strong, sustained in part by the arrival of professional sports teams like NHL’s Vegas Golden Knights and the NFL’s Raiders can be found in 2020, this is a perfect time for the best buyer to execute on a huge plan.”

Early last year, NPB Luxury sold a nearby 1.76-acre parcel for $34 million an acre, and Parks said he expects this sale will go beyond that price. “I think we’re going to set records for values spent for land on the Las Vegas Strip,” he stated.

Consortium Buys Almost 400 Acres in Pickering

Developers Paying Province $156.67 Million in First Sale of Provincial Land Near Formerly Planned Airport

Credit: Infrastructure Ontario Crown.A consortium of designers has actually acquired the very first significant parcel of real estate in the location referred to as the Seaton lands, a huge location northeast of Toronto first expropriated in the 1970s in connection with a planned airport in Pickering. CoStar News can report the group referred to as

Seaton TFPM Inc. is acquiring a 397-acre location referred to as area 3 for$156.67 million. One-third of the area has actually been assigned for employment uses and two-thirds for residential. The group of developers consists of Mattamy Homes, Tacc Building Ltd., Paradise Advancement and Fieldgate Residences. The Land Solutions Group of CBRE received the required from

the province in January 2016 for Seaton Lands, which was marketed as 100 percent freehold interest in 1,013 acres, about 311 acres for residential/mixed usage land, 643 acres of employment land and 59 acres meant for neighborhood usage.”It’s a huge community; it could be 1,000 houses,” stated a source about the first stage sold last week, adding the offer has actually been in the works for more than a year. Maintenance on the website is expected to start in 2019 however it could be 2030 before the whole development is completed. The CBRE brochure kept in mind all the sites in the offering are located in the Seaton community, which was conceived in the 1970s when the provincial government at the time pictured 150,000 to 200,000 individuals living in the location to service a brand-new airport in Toronto’s northeast end. When the airport did not get constructed, the province reevaluated its strategy.”The sites are located throughout Seaton community with exceptional access to Highway 407, “CBRE boasted in the offering, referring to the toll highway that runs 107 kilometres across the area and is broadening eastward to the advantage of Seaton. Facilities Ontario notes on its website that the entire Seaton community is comprised of about 3,100 acres of land in Pickering, much of it environmentally protected lands.”Upon the lands being established, Seaton will be a mixed-use, sustainable community which will be an office for 30,500 and the home of 61,000 people by

2031, “the Crown agency states on its site. In its listing, CBRE notes the federal government still has prepare for an airport in Pickering although a smaller portion of the original 18,600 acres of federal land in north Pickering has been set aside for it, with 5,000 acres transferred to the creation of the Rouge National Urban Park. The only other piece of Seaton Lands that has closed is a location called area 6, a 28-acre piece of work land that was bought by the City of Pickering recently for about $3 million and closed the day prior to the consortium’s offer.” This is the first stage of those lands that got approved for development,”said one source, near to the deal which closed recently.”For the 905 area, especially Durham, this a major offer.”While real estate rates have pulled backed in the Greater Toronto Area with the Toronto Real Estate Board reporting this week the average rate of a house sold in the area in March 2018 had actually dropped 14.3 percent from a year ago to $784,558, a source

with the knowledge of the transaction said the consortium is believing long-term and looking at the severe land restrictions on development in the GTA. The deal is among the most substantial land offers to date in 2018, topped by the $275 million a consortium paid the province for the 177-acre parcel referred to as Lakeview Lands, which was once the home of a power generating station. Tacc Building And Construction Ltd., owned by the DeGasperis household, was also part of the consortium that acquired the Lakeview site from Ontario Power Generation, another Ontario Crown Corp. For more details on this sale, please see CoStar Sales Comp # 4201840.

Google buys 1,200 acres for information center in Northern Nevada

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Marcio Jose Sanchez/ AP Google, locateded in Mountain View, Calif., has actually purchased 1,200 acres in the Tahoe Reno Industrial Center.

Monday, April 17, 2017|2:06 p.m.

Related Coverage

Google has ended up being the most recent big-name renter at the 100,000-acre Tahoe Reno Industrial Center.

Documents submitted to the Floor County recorder on Friday show 1,200 acres of land was cost $26.1 million.

A Google agent verified the business was involved with the purchase and said the business plans to develop an information center on the site.

There are no instant plans for building or to buy additional land, the agent stated. Addressing reports, the agent said there are no plans to develop a driverless automobile track on the site.

“Google is a worldwide acknowledged and appreciated brand and one of the premier innovation companies in the world,” Gov. Brian Sandoval stated. “Nevada is quickly ending up being a technology and innovation center by attracting interesting new start-ups and a few of the world’s finest names.

“I am delighted by the potential customers that include this size of purchase from this kind of company,” Sandoval said. “Just like all services, the state stands ready as a ready and friendly partner in the development of this website.”

Google signs up with Tesla and Change Supernap as prominent tech occupants among the more than 100 business that are connected with the extensive site east of Reno-Sparks.

Arizonans leave 150 homes as brush fire burns 2,000 acres

A minimum of 150 homes in Mohave Valley, Ariz., have been evacuated while teams fight a brush fire, the Red Cross said Saturday.

The blaze at the Havasu National Wildlife Haven, about 130 miles south of Las Vegas, was approximated at 2,000 acres by Saturday night, according to the Bureau of Land Management in Arizona.

The federal company is assisting local fire departments in battling the Willow Fire, BLM stated on Twitter.

The News Herald in Lake Havasu, mentioning an official, reported that the fire began Saturday afternoon and “a number of structures had actually currently been lost to the flames.”

Kevin Abdon, a 31-year-old Lake Havasu citizen, informed the Review-Journal that flames might be seen from about 40 miles away. He explained the black smoke as a “thundercloud.”

The Red Cross Grand Canyon Chapter opened a shelter at Mohave Valley Elementary School and encouraged those left to bring their medications, important papers and 3 days worth of clothes.

Those impacted by the fire can call 1-800-842-7349 for assistance, the Red Cross stated.

This is an establishing story. Examine back for updates.

Review-Journal author Chris Kudialis contributed. Contact Ricardo Torres at [email protected]!.?.! and 702-383-0381. Find him on Twitter: @rickytwrites.

5,200 acres secured for jeopardized Mount Charleston blue butterfly

Federal regulatory authorities have designated more than 5,200 acres high in the Spring Mountains as vital habitat for the threatened Mount Charleston blue butterfly, consisting of one of the easiest locations to see the extremely unusual insect: on the slopes at the Las Vegas Ski & & Snowboard Resort.

The owners of the popular winter season sports area at the top of Lee Canyon intended to be left out from the important habitat area, however only a part of the resort– mostly around its structures and ski lifts– wound up being eliminated from the last plan unveiled Monday by the U.S. Fish & & Wildlife Service.

Throughout a public meeting in 2014, Jim Seely, marketing director for the ski area 50 miles northwest of the Strip, stated being designated as critical environment might derail strategies to add brand-new ski runs and summertime tourist attractions.

The ski resort has sent a 12-year plan to the U.S. Forest Service that would double the size of the operation and add 6 ski lifts and more snow-making equipment. The resort, which operates on public land under a long-lasting Forest Service lease, also wants to increase traffic throughout the summer season with a downhill mountain biking park on trails it intends to complete by 2016.

Mike Senn, field supervisor for the Fish & & Wildlife Service in Southern Nevada, stated much of that can still be finished with the correct planning and examination. If done right, clearing forest for more ski runs might really benefit the butterfly by producing more environment as it has somewhere else in the ski location.

“They may not have the ability to do everything they want on every inch, however there’s plenty of room for growth,” Senn stated.

The Fish & & Wildlife Service announced Monday it would set aside 5,241 acres for the butterfly no larger than a quarter instead of the 5,561 acres suggested last year. Excluded along with a portion of the ski resort were several day-use areas and campgrounds with a high concentration of facilities, heavy recreational or management activity and little practical environment.

The decision, which works on July 30, is outlined in a Federal Register notification set for publication Tuesday.

The designation requires the Forest Service to consult with the Fish & & Wildlife Service to ensure any management activity in those locations does not damage the butterfly or the host and nectar plants on which it depends.

The butterfly’s decline recently is blamed in part on a Forest Service fuel-reduction project that saw little trees and brush cut down, damaged and spread out on the ground, effectively burying the Mount Charleston blue’s host plants and larvae.

The vital habitat is in three different blocks at the top of Kyle and Lee canyons and along the roadway connecting the two, state Path 158, near Fletcher Peak. The biggest of the three locations takes in a stretch of state Route 156 causing the ski location and into Lee Canyon above it.

About 99 percent of the habitat is federal land, and most of it is already protected as wilderness. The 1 percent that isn’t really includes a couple of residences and some Clark County land, however Fish & & Wildlife Service officials have said no new restrictions would be placed on private property.

The Mount Charleston blue is a distinct subspecies of the wider-ranging Shasta blue butterfly, however it takes a professional eye to identify it from other varieties of little, meadow-loving butterflies. The males are rainbowlike blue and gray, the females a dull brown.

The specific population is unknown, however there could be less than 100 left around. The butterfly was listed as a jeopardized types in 2013.

Conservationists hailed Monday’s environment classification.

“The Mount Charleston blue is among the most endangered butterflies in the world, so it’s terrific news that this gorgeous little individual lastly has actually protected important environment under the Endangered Species Act,” said Tierra Curry, a senior researcher for the Tucson, Ariz.-based ecological group Center for Biological Diversity. “We cannot save this unique Las Vegas butterfly without safeguarding the locations it resides in the Spring Mountains, and designating crucial habitat is a fantastic method to do that.”

Contact Henry Brean at [email protected]!.?.! or 702-383-0350. Find him on Twitter: @RefriedBrean