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Tag: Real Estate Sale

  • Boyd Sets Implosion Date for Las Vegas’ Eastside Cannery – Casino.org

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    Posted on: February 17, 2026, 10:28h. 

    Last updated on: February 17, 2026, 10:28h.

    • Boyd Gaming scheduled the 16-story hotel tower’s implosion for March 5, 2026
    • No public viewing areas will be designated
    • Due to low demand, Boyd never reopened the property following the 2020 pandemic shutdown

    Las Vegas’ long line of casino resort implosions will get longer on March 5, 2026. That’s when the Eastside Cannery’s hotel tower gets dynamited to dust at 2 a.m.

    When the $250 million Eastside Cannery opened in August 2008, it was the first new hotel-casino on Boulder Highway since Boulder Station opened in 1994. (Image: Shutterstock)

    Construction workers have demolished sections of the Boulder Strip property since October 2025, but its hotel tower, gutted and stripped of windows, is too tall (16 stories) to come down any other way. The Eastside Cannery has remained closed since the beginning of the COVID-19 outbreak.

    The implosion will not be a public event, however, and no public viewing areas will be designated.

    Cannery Opener

    The Eastside Cannery opened on August 28, 2008 on Las Vegas’ Boulder Strip, a less desirable tourism corridor patronized almost entirely by locals. It was a replacement for the aging Nevada Palace.

    The casino hotel included 64,876 square feet of gaming space occupied by over 2,000 slots, 26 table games, a poker room, keno, and a race and sports book. It also had an 18-story hotel tower with 307 rooms, 20,000 square feet of meeting and ballroom space, a private club on the 16th floor, three restaurants, and a lounge.

    In December 2016, Boyd paid Cannery Casino Resorts, co-founded by Bill Wortman and Bill Paulos, $230 million for the operating rights to the Eastside Cannery and the original Cannery Casino and Hotel in North Las Vegas.

    However, Cannery Casino Resorts retained ownership of the land on which the Eastside Cannery sat.

    In February 2025, Boyd purchased those 30 acres for $45 million from Cannery Casino Resorts, to whom Boyd had been already been paying millions in rent every year.

    When then-Gov. Steve Sisolak allowed Nevada’s casinos to reopen following the COVID-19 shutdown in June 2020, Boyd reopened the Cannery but not the Eastside Cannery, instead directing customers to visit its nearby other property, Sam’s Town.

    Boyd is basically following the lead of its most direct rival, Red Rock Resorts, with whom it is locked in a turf war over Las Vegas’ neighborhood gamblers.

    In July 2022, Red Rock announced the permanent closures of Fiesta Rancho and Texas Station in North Las Vegas, and Fiesta Henderson in Henderson. Those venues were ultimately demolished and Red Rock sold the real estate to nongaming entities. (The North Las Vegas properties are becoming a mixed-use retail and residential development called Hylo Park. The Fiesta Henderson was supposed to become an indoor sports complex, but those plans fell through and now the city of Henderson is soliciting new proposals.)

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    Corey Levitan

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  • Center Moriches industrial property sells for $4.425M | Long Island Business News

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    Fully leased Center Court Industrial Park in Center Moriches sold for $4.425M.

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    David Winzelberg

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  • Bergen County, NJ, Innovative Senior Housing Community Design Completed and Is Open for Business

    Bergen County, NJ, Innovative Senior Housing Community Design Completed and Is Open for Business

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    Pike Properties LLC announces the opening of Thrive at Montvale Senior Living Community.

    Press Release


    Aug 1, 2022

    Pike Properties LLC, a subsidiary of Pike Construction Co LLC, has announced the completion of Thrive at Montvale Senior Living Community in Montvale, NJ.

    Thrive at Montvale is an innovative, state-of-the-art senior complex with luxury design features that encourage social interaction.

    A large social courtyard is at the heart of the design philosophy, which includes an outdoor dining facility, a large fountain, fire pits, bocce courts, and an outdoor movie theatre, all designed to unite community members.

    In the center of the social courtyard is the hub. The hub provides a shady, open-air structure where residents can play cards, read or congregate. A greenhouse is also part of the hub design where residents can garden all year.

    “Looking more like a luxury resort than a senior housing complex, this facility is not typical of senior housing in the region,” according to David Weiner, Managing Member of Pike Properties.

    Thrive at Montvale is a 215,000 sq ft facility comprised of 203 rental units, 90 independent living units, 81 assisted living units, and 32 memory care units.

    Thrive at Montvale is the first project of a partnership between Thrive Senior Living, Atlanta, GA, and Pike Properties LLC.

    Thrive Senior Living operates the facility and provides management and marketing services. Thrive was also the primary driver in the design philosophy, making this community facility unique to the region.

    Pike Properties LLC acquired the property, codeveloped the project along with Thrive and acted as the contractor on the project, which broke ground in October of 2019.

    With the assistance of Cushman & Wakefield, the project funding was provided by Wells Fargo as the Senior Lender and AEW as the capital partner.

    The project was delivered on time and within budget, despite supply chain and personnel challenges due to the pandemic. Pike has a long and uninterrupted tradition of delivering projects on time and within budget, and this tradition remains uninterrupted, even during a pandemic.

    This project was completed in April of 2022 and is now accepting residents.

    Thrive Senior Living and Pike Properties have several new projects planned with prospective Senior Housing Developments in Morris and Somerset Counties.

    Pike Construction and Development is a family-owned company based in Paterson, New Jersey. Pike is a general contracting and real estate development firm established in 1958. Since its inception, the company has built more than 15,000 senior housing units ranging in project size from $10 million to over $150 million in total construction costs.

    CONTACT: David J. Weiner
    973-278-2300 – djw@pikeconstruction.com

    Source: Pike Properties LLC

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  • Mercer County, NJ, Senior Housing Community Sold for $98M

    Mercer County, NJ, Senior Housing Community Sold for $98M

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    Pike Senior Housing Partners LLC, announces the sale of The Homestead at Hamilton Senior Living Community

    Press Release


    Aug 1, 2022

    Pike Senior Housing Partners LLC, a subsidiary of Pike Construction Co LLC, has announced the sale of Homestead at Hamilton Senior Living Community in Hamilton, NJ. 

    Pike Senior Housing Partners LLC developed and contracted the project. Pike also secured project financing.

    Solvere Living partnered on the project, providing operator and marketing services.

    The 24-acre, 195-unit community broke ground in 2015 and was completed in December 2017.

    The Homestead at Hamilton provides rental housing and support services for seniors, from independent and assisted living to memory care. Currently, the facility has a 98% occupancy rate.

    Inspired Healthcare Capital purchased the Homestead at Hamilton from Pike Senior Housing Partners LLC and Solvere Living on June 15, 2022, for approximately $98 million. Cushman & Wakefield represented Pike and Solvere in the sale of the property.

    Pike Construction and Development is a family-owned company based in Paterson, New Jersey. Pike is a general contracting and real estate development firm established in 1958. Since its inception, the company has built more than 15,000 senior housing units ranging in project size from $10 million to over $150 million in total construction costs. www.pikeconstruction.com

    CONTACT: David J. Weiner
    973-278-2300 – djw@pikeconstruction.com 

    Source: Pike Senior Partners LLC

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