The Tropicana Has Officially Closed

The Las Vegas Strip Has Lost an Icon this Week

The Tropicana Las Vegas, an iconic landmark in Sin City's history, opened its doors in 1957 with much fanfare. Its grand opening was marked by the Nevada lieutenant governor symbolically unlocking the door and discarding the key, signifying its perpetual operation. However, after more than six decades of operation, the Tropicana is now set to close permanently to make way for a Major League Baseball stadium for the relocating Oakland Athletics, as announced by its owner, Bally's Corp.


The Tropicana, often referred to as the "Tiffany of the Strip," had a storied past that included ties to the mob during its early years. Despite this association, the hotel-casino enjoyed success and became renowned for its opulence, featuring mosaic tiles, mahogany panels, and a distinctive tulip-shaped fountain at the entrance. Over the years, it hosted top-tier entertainment acts, including A-list stars like Sammy Davis Jr., Louis Armstrong, and Gladys Knight, as well as renowned shows like the long-running "Folies Bergere."


Despite its illustrious history, the Tropicana faced legal scrutiny in the 1970s when federal authorities investigated mob activities related to skimming gambling revenue from Las Vegas casinos, including the Tropicana. However, it continued to thrive and expand, adding two hotel towers and becoming a staple of the Las Vegas Strip.


In recent years, the landscape around the Tropicana has transformed, with towering megaresorts surrounding it, including the MGM Grand, Excalibur, and Mandalay Bay. The impending closure of the Tropicana marks the end of an era for the iconic establishment, as it prepares to make room for the construction of the MLB stadium.


Bally's Corp. ceased hotel bookings after April 2. The new stadium, backed by significant public funding, is expected to open in 2028. However, the funding and construction of the stadium faces significant backlash from the public who do not want to fund another sports arena.

BLVD: A Game-Changer for the Strip

By Shae White • April 1, 2025
Las Vegas continues to reinvent itself, and the latest addition to the Strip is sure to leave a lasting impression. The BLVD is officially opening this year, bringing a thrilling new blend of luxury, entertainment, and innovation to the heart of Sin City. One of the standout features of this development is the world’s largest In-N-Out Burger . Food lovers can indulge in their favorite fast-food cravings at an unprecedented scale. But that’s just the beginning. BLVD is also home to The Overlook , an outdoor lounge offering stunning views of the iconic Las Vegas Strip. It's the perfect place to relax with a drink while taking in the vibrant energy of the city. Spanning over 400,000 square feet of retail space, the development promises a shopping experience like no other. High-end boutiques, cutting-edge stores, and unique pop-up experiences will make BLVD a must-visit for anyone looking to elevate their Las Vegas experience.  With its mix of modern design, upscale amenities, and unforgettable views, BLVD is set to become the new heartbeat of the Strip. Whether you're a foodie, shopper, or thrill-seeker, this new landmark will surely become a highlight of your Las Vegas adventure. Make sure to check it out—it’s the next big thing in Sin City!

4 Tips for Protecting Your Rental Property Investment in Las Vegas

March 24, 2025
Owning rental property in Las Vegas is a rewarding investment, but protecting that investment requires proactive attention. At McKenna Property Management, we understand the unique challenges property owners face in this market. Here are five essential tips to safeguard your property. 1. Regular Property Evaluations and Tenant Screening At McKenna Property Management, we conduct regular property evaluations to identify and address issues before they become costly problems. Whether it's checking if the air filters are being changed o r checking for wear and tear, we help keep your property wellmaintained. We also thoroughly screen tenants to find reliable individuals who pay rent on time and treat your property with care. Our process includes background checks, credit reviews, and rental history verification, helping you avoid costly turnover and potential damage. 2. Leverage Our Team of Licensed Realtors and Property Managers Our team of licensed Realtors® and property managers has extensive experience in the Las Vegas market. This expertise ensures that we’re up-to-date with the latest rental laws, regulations, and market trends, helping you stay compliant and protect your investment from potential legal risks . 3. Stay Current with Local Laws and Regulations Las Vegas has specific laws regarding rental properties, from landlord-tenant relations to eviction procedures. At McKenna Property Management, we stay on top of these regulations to ensure your property is compliant and you avoid costly legal issues. 4. Invest in Regular Property Upkeep and Upgrades Regular mainten ance and addressing smart upgrades are essential to keeping your property competitive. Simple improvements like new paint, updated appliances, and energy-efficient features not only increase your property’s value but also attract highquality tenants. Conclusion  Protecting your rental property in Las Vegas requires proactive steps. By taking care of evaluations, tenant screening, staying compliant with laws, and walking you through the benefits of investing in upgrades, you can ensure long-term success. At McKenna Property Management, we’re here to help you safeguard and maximize the value of your investment. Contact us today to learn more!

Las Vegas Rental Market: Signs of Strength Amid Mixed Predictions

March 20, 2025
The Las Vegas rental market has been the subject of conflicting reports lately—some headlines suggest a rebound, while others caution that rents may remain flat or even decline due to the amount of rental inventory. However, at McKenna Property Management , we’ve been tracking a clear upward trend since January, and the numbers tell a promising story. Our renewal rents have seen on average a steady 3% increase , and we’re optimistic that this number could inch closer to 5% as the year progresses. Additionally, we’re seeing more properties successfully re-enter the market with an average day on market being less than 24, further supporting the idea that demand remains strong. Las Vegas continues to attract people to move here. Of course, outliers exist, but I personally haven’t had to make too many of those dreaded calls to owner/clients recommending a rent reduction. In most cases, rental rates are holding firm or improving—a positive sign as we move further into 2025. While market conditions can always shift, the overall outlook remains favorable , and we’re keeping a close eye on trends to ensure our owners stay ahead of the curve. Stay tuned for more updates as we continue navigating this dynamic market! Jenni McKenna | B.29819 — McKenna Property Management
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