Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company, and Blackstone Real Estate Income Trust, Inc. (BREIT) have jointly announced a landmark deal. Realty Income has signed a definitive agreement to invest a whopping $950 million to acquire both common and preferred equity interests in a new joint venture. This venture owns a […]
In a heartbreaking incident early Saturday morning, a Cessna C550 corporate jet crashed and caught fire near Riverside County’s French Valley Airport in California, about 85 miles south of Los Angeles. This devastating event claimed the lives of all six passengers on board, as confirmed by local and federal authorities. As per the Federal Aviation […]
Blackstone Real Estate Income Trust (BREIT) has agreed to divest its 49.9% interest in MGM Grand Las Vegas and Mandalay Bay Resort to its joint venture (JV) partner VICI Properties for approximately $1.27 billion in cash. VICI Properties currently holds a 50.1% stake in the joint venture that owns the two properties located in Las […]
Wipro has announced the launch of Step Up, its new Skills Guild with Amazon Web Services (AWS) at the AWS re:Invent 2022 conference in Las Vegas. According to the India IT services provider, AWS Skills Guild is an enablement program for large enterprises to develop cloud skills via integrated delivery of learning opportunities from AWS. […]
Ball Corporation said that it plans to set up a new aluminum beverage packaging plant in North Las Vegas, Nevada for the US market with a multi-year investment of around $290 million. According to the aluminum packaging solutions provider, the multi-line plant is slated to start production in late 2022. When fully operational, the aluminum […]
Dalfen Industrial, a Texas-based real estate investment manager, has acquired an additional industrial property in Henderson, Nevada for an undisclosed price. The acquired 40,817 square foot industrial property located at 1080 Mary Crest Rd. is fully occupied by a long-term tenant at a below market rent. Sean Dalfen — Dalfen Industrial President and Chief Investment […]
LP Insurance Services, a Nevada-based commercial and personal insurance brokerage firm, has acquired Meridian Insurance Services for an undisclosed price. Meridian Insurance Services is an insurance agency, which has been operating since the early 1980s. The insurance agency has been catering to clients in the Carson City in Nevada and Roswell in New Mexico with […]
Station Casinos, a consolidated subsidiary of Red Rock Resorts, said that it will have a phased reopening program for its properties in Las Vegas, which have all been closed since 17 March 2020 due to the coronavirus outbreak. The hotel and casino gaming company is expecting to reopen its Red Rock, Green Valley Ranch, Santa […]
PepsiCo acquisition of Rockstar Energy Beverages : PepsiCo has signed a $3.85 billion deal to acquire Las Vegas-based energy drink maker Rockstar Energy Beverages in a move to expand its footprint in the fast-growing energy category. Founded in 2001, Rockstar Energy Beverages produces beverages that target people who lead active lifestyles from athletes to rock […]
Cordia Corporation, an owner, investor and innovator in hospitality and restaurants, intends to acquire The Blind Pig, the owner of Blind Pig Restaurant in Las Vegas. In this connection, the parties have signed a letter of intent to undertake the transaction. The Blind Pig Restaurant, which serves classic American dishes, is located at 4515 Dean […]