AIRPORT LEASE: Rightpath Limited Development Group of Phoenix completed a $132 million ground lease to develop a private air terminal and hangar at McCarran International Airport.
Rightpath outbid Wynn Resorts, Marnell Corrao Associates and Las Vegas Sands Corp. in a December auction for the right to lease and develop the 13-acre site within the secured area of McCarran, adjoining the taxiway.
Al Kingham of Tower Realty and Richard Huelsman of ReMax Millennium guided Rightpath through 96 bids that were required to secure exclusive rights to the 30-year lease.
The $60 million, 300,000-square-foot airport facility will be operated by Lux Air Jet Centers, an affiliate of Rightpath.
