The recent $347 million purchase of Hughes Center in Las Vegas by Blackstone’s Equity Office Properties division may have come at an ideal time as the city’s office market is now on an upswing. Tom Stilley, senior vice president of the office division at Colliers International, says there isn’t much of a class-A market in Las Vegas, at only about six million sq. ft. out of 40 million sq. ft. However, he says this 1.4-million-sq.-ft. property, which his firm has ...
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