Las Vegas’ top 10 real estate deals of 2022
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The top 10 deals of the year were announced in 2021. Some blockbusters closed in 2022, such as the $5.65 billion sale of The Cosmopolitan of Las Vegas.
Tilman Fertitta bought 6.2 acres at Las Vegas Boulevard and Harmon Avenue in June for $270 million. He plans to build a 43-story, 2,420-room hotel-casino there.
Liberty Media Corp. bought 40 acres east of the Strip for $240 million. F1 announced in March it would hold a 50-lap Grand Prix in Las Vegas in November 2023.
Vici Properties is taking full ownership of MGM Grand and Mandalay Bay's real estate. Vici owns a 50.1 percent stake in the properties. It is buying financial giant Blackstone’s 49.9 percent share for $1.27 billion in cash and assuming Blackstones” share of the debt on the resorts.
Mark Wahlberg bought 2.5 acres in Summerlin’s The Summit Club for $15.6 million in July and a townhouse for $14. 5 million. He wants to build a studio in Las Vegas and make it "Hollywood 2-0".
Station Casinos bought 126 acres south of Las Vegas Boulevard for $172.4 million in July. Station has extensive land holdings and wants to double its presence in the Las Las Vegas Valley.
Tolles Development Co. bought 142 acres off Interstate 15 in Jean for $44.7 million in February. It filed plans for a 1.9 million-square-foot warehouse and distribution complex. The shuttered Terrible’s hotel-casino occupies a portion of the site. Producers of “The Battle of Absolute Dominion” submitted plans to the state to film the movie at the hotel.
The Siegel Group bought 10 acres on and near the north Strip for $75 million in April. Steve Sigel is the founder of the Singer Suites chain of low-priced apartments.
3D Investments bought Tivoli Village for $216 million in April. The same day it closed the purchase, 3D sold a vacant portion of the site to apartment developer The Calida Group for a $27 million.
Simon Dolan bought Steve Wynn's Summerlin mansion for $17.5 million in May. The house has a private movie room, crystal staircase and marble pillars.
George Lin bought Chinatown Plaza for $38 million in June. The strip mall started Las Vegas' Chinatown commercial district along Spring Mountain Road.
