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Virgin Trains affiliate strikes lease deal for SoCal high-speed rail to Las Vegas

Construction Dive

DesertXpress Enterprises LLC will pay California $842,000 each year to lease the right of way on Interstate 15. Meanwhile, the California High-Speed Rail Authority's $100 billion bullet train project has appeared to have stalled.

Las Vegas 157
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As the Vacancy Rate Rises, Rents Are Poised to Fall

Pro Builder

And in Las Vegas, the median lease was 5.7% In contrast, some of the hottest pandemic destinations saw the biggest reversals. Riverside, CA, saw rents fall 10.9% in April versus a year ago, resulting in a median rental cost of $2,123. lower than in 2022, settling at a mere $1,509.

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Single-Family Rental Prices Jump at the End of 2021

Pro Builder

As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.

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Game On! Final Docs Signed for Raiders' LV Stadium

Construction Equipment

The Las Vegas Stadium Authority Chairman Steve Hill and Raiders President Marc Badain signed lease and development agreements to build a $1.8 billion, 65,000-seat stadium on Wednesday. Let’s build a stadium,” Hill said after shaking Badain’s hand. The new stadium will be the home of the NFL Raiders and UNLV Rebels

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Final Docs Signed for Raiders' LV Stadium

Construction Equipment

The Las Vegas Stadium Authority Chairman Steve Hill and Raiders President Marc Badain signed lease and development agreements to build a $1.8 billion, 65,000-seat stadium on Wednesday. Let’s build a stadium,” Hill said after shaking Badain’s hand. The new stadium will be the home of the NFL Raiders and UNLV Rebels

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Commercial Construction Industry Trends: The “Highs” and “Lows” that Shaped 2019

HardHatChat

At RECon 2019 in Las Vegas, where Englewood hosted a cocktail party, CRE professionals were thinking more openly about commercial property uses. One place our team noticed this was while attending this year’s International Council of Shopping Centers’ RECon Expo in Las Vegas. High – CRE Cross Pollinates.

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Single-Family Rental Sector Gains Exceed Expectations

Pro Builder

John Burns Real Estate Consulting’s Single-Family Rent Index tracks 63 markets and found lease effective rates up 6% year-over-year in July, with the historical average being 3%. The SFR REITs combined portfolio is concentrated in four markets (Atlanta, Phoenix, Tampa, and Las Vegas) where leasing demand has been very high.