Blog - Las Vegas Commercial Real Estate

Vegas Mall That Lost 95% of Value Might Be Just the Beginning

1/31/2021

(Bloomberg)—The Prizm Outlets mall, about a 40-minute drive south of Las Vegas on the California border, lost 95% of its value in six months. It may not be the last mall to do so.

Formerly known as the Fashion Outlets of Las Vegas, the Primm, Nevada mall was auctioned off on Wednesday at a final price of $1.525 million, compared with a $28.2 million appraisal in July, according to a person with knowledge of the results on commercial real estate auction site Ten-X. The buyer wasn’t disclosed.

Read Full Article: bit.ly/2L3XASw

Leave a Reply.

© 2020 lvcrepro.com All Rights Reserved

All content on this Web Site, including, but not limited to text, images, illustrations, audio clips, and video clips, is protected by copyrights, trademarks, service marks, and/or other intellectual property rights (which are governed by U.S. and worldwide copyright laws, privacy and publicity laws), and are owned and controlled by lvcrepro.com, or by third party content providers. Content on this Web Site may not be duplicated, copied, modified, or adapted, in any way without our written permission. Coldwell Banker and the Coldwell Banker Commercial logos are trademarks of Coldwell Banker Real Estate LLC.

Any reference in this website to any person, business, or organization, or activities, products, or services related to such person, business, or organization, or any linkages from this web site to the web site of another party, do not constitute or imply an endorsement or recommendation.