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The Lido apartments, formerly the Camden Legends Apartments were part of a sale of 15 properties, a retail center and undeveloped land in the Las Vegas Valley. (steve marcus/staff)
Las Vegas’ apartment bubble? Industry professionals weigh in on the increased development of the rental sector By Eli Segall | STAFF WRITER
Las Vegas’ apartment sector has heated up the past few years with rising rents, shrinking vacancies, increased construction and higher investment prices. ¶ But amid fresh memories of the rapid real estate buildup that took the valley over the cliff less than 10 years ago, is the market overheating? ¶ Industry insiders say no, but they figure business has to apartm ents, Continued on page 15
$1.35B 35,000 Price that German investment firm JAB Holding will pay to buy Krispy Kreme, which has more than 1,100 shops in more than 26 countries.
Number of drivers who will be part of the Independent Drivers Guild in New York, which Uber Technologies Inc. agreed to start. The group will negotiate with the ride-hailing company but have less power than a union.