A new Business Improvement District petition whose organizing board includes the neighborhood’s largest private developer and a commercial landlord that won’t say who owns it. The actual private-equity exposure in the district runs through separate channels. What “the bid” actually is A group of Arts District property and business stakeholders filed a petition Sept. 2,… Continue reading The BID Taking Over The Arts District
Tag: real-estate
ONE MAN, TWO HATS, AND THE PRIVATE EQUITY CHAIN BEHIND DOWNTOWN LAS VEGAS HOUSING
Jason LeDell is listed simultaneously as former managing partner of Cherry Development, which builds workforce housing in downtown Las Vegas, and as corporate broker and regional manager of RHOME, a property management company explicitly backed by Associa, the largest HOA management company in the United States. Associa received a minority private equity investment from Summit Partners in 2008 — an investment that has since ended through a management buyout.
Bye Art District
Gentrification—the transformation of neighborhoods through the influx of higher-income residents and new investment—has long been a feature of urban development. But in Las Vegas, a city historically known for its rapid growth and economic volatility, this process is colliding with a deepening housing affordability crisis. While some hail gentrification as a force of revitalization, for… Continue reading Bye Art District
KVIG Informative 