Formula One’s parent company has completed its purchase of a land tract near the Strip ahead of its high-speed race in Las Vegas next year, the seller confirmed Wednesday.
F1 owner Liberty Media Corp. closed its $240 million acquisition of nearly 40 acres at the northeast corner of Harmon Avenue and Koval Lane from real estate firm 3D Investments, said Dan Appello, 3D’s director of acquisitions.
He also confirmed that 3D sold an adjacent apartment complex, previously called Harbor Island, for $126 million to Southern California landlord Laguna Point Properties, which announced its purchase Wednesday.
Neither sale appeared in Clark County’s online database of recorded real estate transactions as of Wednesday morning, though Appello said both deals closed Tuesday.
