Though the largest single land deal in 2015 was executed by the University of Nevada, Las Vegas, in the $50 million purchase of 42 acres for a potential on-campus stadium, the majority of large Las Vegas Valley land deals were for residential land.
The Las Vegas market saw its share of healthy real estate deals during 2015 and the biggest deal of all was Penn National’s $360 million purchase of the Tropicana.
Two neighborhood shopping centers have changed hands in deals collectively valued at nearly $25 million.