CAI Investments, LLC, a property manager/developer and private placement sponsor, has purchased a Class A office building in Carson City, Nevada for an undisclosed price.
Located at 3850 Arrowhead Drive, the three-story, 96,000-square-foot building is leased to Harley Davidson Financial Services, a subsidiary of Harley Davidson, Inc. (NYSE: HOG) and sits on approximately 10 acres of …Read More >
Reno-based Caesars Entertainment Inc. has parted ways with the original Harrah’s casino in downtown Reno.
On Wednesday, Caesars closed the sale of the property to Las Vegas developer Chris Beavor, founder of CAI investments, for $41.5 million.
The deal was first announced in January. A quarter of the proceeds will go to Caesars, while 75 percent will …Read More >
The original Harrah’s casino in downtown Reno is trading its slot machines and tables games for market-rate apartments and office space.
Caesars Entertainment Corp. announced Wednesday that Harrah’s Reno is set to be sold to Las Vegas developer Chris Beavor, founder of CAI Investments, for $50 million. The sale comes as Caesars aims to complete its …Read More >
Caesars Entertainment Corporation (NASDAQ:CZR) (“Caesars Entertainment” or “Caesars”) and VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or “VICI”) today announced they have signed an agreement to sell Harrah’s Reno Hotel and Casino (“Harrah’s Reno”) to an affiliate of CAI Investments (the “Buyer”) for $50 million. The proceeds of the transaction shall be split 75% to VICI …Read More >
It’s official. Caesars Entertainment just confirmed that Harrah’s Reno will be sold to an affiliate of CAI Investments for $50 million, closing the chapter on one of downtown Reno’s iconic hotel-casinos.
Caesars, which has been leasing Harrah’s Reno from VICI Properties, made the announcement on Wednesday afternoon after news of the sale leaked the day before. …Read More >
TEMPE, Ariz., Aug. 21, 2019 /PRNewswire/ — CAI Investments, LLC is pleased to announce that it closed the construction loan for the Westin by Marriott hotel in Tempe, Arizona.
Construction on the Westin began in March 2019 and the anticipated opening is the second quarter of 2021.
“We are pleased to have closed the construction loan for …Read More >