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MARKET NEWS

U.S. Approves Giant Solar Project in Nevada

The Interior Department has given final approval for what it says will be the largest solar-power project in the U.S., a $1 billion installation in Nevada that could power about 260,000 households—enough to cover the residential population of Las Vegas.

SPOTLIGHT

First negotiated in early 2017, this two acre parcel sits at a highly visible intersection of Twain Avenue and Polaris, to the north of the famous Rio Hotel Resort. With a total purchase price of $6M, the unit price of this 2.1 acre parcel was just $2.86M per acre. Oasis paid the seller $500k per year for three years and closed the transaction on 15-May with a $4.35M cash payment. This parcel...

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