People moving in from expensive cities and locals with changing needs are contributing to rising home prices and fast sales even as tourism industry takes the brunt of the pandemic’s economic impact
SEATTLE, Sept. 16, 2020 /PRNewswire/ — (NASDAQ: RDFN) — The typical home-sale price in the Las Vegas metro grew 7.8% year over year to $310,000 in August, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. More than 41% of homes sold within two weeks of going on the market, up from 28.3% last year.
Meanwhile, the unemployment rate in the Las Vegas area—where much of the economy depends on the tourism industry, heavily impacted by the coronavirus pandemic—stood at 16.4% in July (the most recent data available). That’s an improvement from 30% in April, but higher than the 10.2% national rate posted in July.
Virgin Hotels Las Vegas has unveiled the lineup for its restaurant partners as work continues on remodeling the casino-resort.
The property, formerly the Hard Rock Hotel and Casino, says the partners “will bring new and unique dining and hospitality experiences to the revitalized property.”
Those partners include chef Todd English’s Olives, Thai restaurant Night + Market, Japanese restaurant Nobu, poolside Italian restaurant Kassi Beach Club and a culinary and cantina concept Casa Calavera.
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Other concepts are sports bar Money, Baby!, MB Steak from David and Michael Morton, the Ferraro Family’s Pizza Forte and Southern California-based Afters Ice Cream.
Guests will also find the Virgin Hotels concept Commons Club, which features a coffee shop, 24-hour restaurant, a bar, and a social space called “The Shag Room.”
The former Hard Rock closed