- SummerSouth Insider
- Posts
- 🏡 Potential $1 Billion Buyout Could Reshape Summerlin's Developer
🏡 Potential $1 Billion Buyout Could Reshape Summerlin's Developer
Issue #406 - January 16 2025
John Wu
16 Jan
Dear SummerSouth Insiders!
🚀Exciting News Ahead & We Need Your Support!🌟
Hello, amazing subscribers! We're gearing up for some thrilling developments and can't wait to share them with you! But here's the thing – we need a little boost from our most valued members: You! 🙌
Here's How You Can Make a Huge Impact:
💌Spread the Word: If you love our daily newsletter, why not share it? Whether it's family, friends, neighbors, or the friendly faces running local businesses – if you think they'll enjoy our content as much as you do, let them know! Your recommendation means the world to us and helps our community grow.
👍 Join Us on Facebook: Ready for more engaging content? Simply visit our Facebook page at SummerSouth Insider and hit that 'Like'
and ‘Follow’ button! It's a click away but makes a massive difference. Plus, you'll be in the loop for exclusive updates and conversations!
Your support is the backbone of our journey. Together, let's build a community where everyone benefits from insightful, daily content. Thank you for being a part of our exciting path forward! 🌈💪
Funeral Advantage Plan
There’s a new low cost final expense insurance plan available for seniors between 50-85. This plan can cover all of your final expenses:
✅burial
✅cremation
✅flowers
✅viewing
✅caskets
✅urns, and so much more.
To learn more, watch here.
Download the Free CheatSheet to learn more.
📆 Weekly Local Events for January 2025
Regular weekly events in or near Summerlin, Las Vegas are listed below.
Visit here to lookup specific venue information or for upcoming and/or non-weekly events on Meetup.
Monday
Monday Classes At Latin Blendz: (Every week on Monday @ 10AM)
Socially Vegas - Monday Night Bowling @ The Orleans Bowling Center: Must arrive/check-in before 7pm; 7 - 10pm (Every week on Monday); COST (CASH Only) $10 for 2 games (includes shoes) COST: $12 for 3 games (includes shoes)
Monday Night TRIVIA at ReBAR, 1225 S Main St, Las Vegas: (Every week on Monday @ 7PM)
Tuesday
Sand Volleyball Intermediate, Rusty and Old Time Players @ Aloha Shores Park (NW), Cheyenne & Buffalo, 7550 Sauer St, Las Vegas: (Every week on Tuesday @ 6 - 8 PM)
Run Drink Las Vegas - Weekly Tuesday Run @ Frankie’s Uptown patio: 7PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES
Wednesday
Business Leads Group - Networking Breakfast @ Summit Restaurant, Eagle Crest Golf Course, 2215 Thomas W Ryan Blvd, Las Vegas: Cost $20 cash, 7 - 8:30 AM (Every week on Wednesday)
Early Risers Toastmasters Meeting (In-Person - Summerlin Egg Works / Online Event: 7 - 8 AM (Every week on Wednesday)
Las Vegas Valley Bicycle Club - Wednesday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Wednesday)
Speakers & Leaders of Summerlin Toastmasters Meeting, Summerlin Egg Works, 2025 Village Center Cir, Las Vegas: 12 - 1:30 PM (Every week on Wednesday)
Thursday
Abundance Business Networking Group Online Event: 7 - 8:30 AM (Every week on Thursday). Please arrive 10-15 minutes early for networking. Steps to access our BNI Online™ Virtual Chapter Meeting, visit website.
Las Vegas Real Estate Investors Association - Weekly Power Lunch For Real Estate Investors: 11 AM - 1 PM (Every week on Thursday). Request to join here.
Free Salsa Classes @ Feel The Music Dance Studio: 7 - 8 PM (Every week on Thursday). Visit the website to register online.
Summerlin Bitcoin Happy Hour, SG Bar, 9580 W Flamingo Rd, Las Vegas: 6:30 PM (Every week on Thursday)
Coed Soccer - Summerlin: Crossings Park, 1111 Crestdale Ln, Las Vegas: 7:30 - 9:45 PM (Every week on Tuesday/Thursday)
Friday
Find Your Yoga Las Vegas - Flow & Yin W / Noé Hilyard @ Yoga Sanctuary: 6 - 7:15 PM (Every week on Friday) View Yoga Sanctuary's full schedule.
Swing Dancing in Las Vegas Vintage and Modern Swing Dances @ The Mint Tavern: 7:30 - 8:30 PM (Every week on Friday)
Saturday
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Find Your Yoga Las Vegas - Saturday Morning Meditation with Practitioner Selina Kelly @ Yoga Kandy, LLC. Cost: Love Donation $5-$10 suggested. 11 - 11:45 AM (Every week on Saturday)
Sunday
Las Vegas Valley Bicycle Club - Sunday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Sunday)
Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)
Level 1 West Coast Swing @ 2580 N Rancho Dr, North Las Vegas: 7 - 8 PM (Every week on Tuesday); Drop in Rate is $15, Monthly pass is $50; Register online.
⛽ Las Vegas Gas Prices
🏡 Potential $1 Billion Buyout Could Reshape Summerlin's Developer
Summerlin’s developer, Howard Hughes Holdings, could be on the verge of another corporate shakeup following a $1 billion buyout proposal from billionaire Bill Ackman’s Pershing Square Capital Management. The offer could result in Pershing owning a majority stake in the company, which it already partially controls with 37.6% of the stock.
The Buyout Proposal
Ackman proposed purchasing the remaining shares at $85 each, totaling $1 billion, according to a letter filed with the Securities and Exchange Commission. In his statement, Ackman criticized the company’s stock performance and outlined a vision of transforming Howard Hughes Holdings into a diversified holding company, akin to Warren Buffett’s Berkshire Hathaway.
Ackman sees the developer’s future as one that invests in and manages controlling stakes in various enterprises.
Summerlin’s Development Legacy
Howard Hughes Holdings plays a central role in shaping Summerlin, a 22,500-acre master-planned community on Las Vegas’ western edge. The community features high-end homes, extensive parks, trails, and community centers, boasting over 120,000 residents and some of Southern Nevada’s priciest real estate.
The company generates revenue by selling land to homebuilders and has invested heavily in developing commercial and residential projects in the area. Downtown Summerlin, a 106-acre outdoor mall, is one of its standout projects, complemented by apartments, office spaces, and the Las Vegas Ballpark.
History of Ownership Changes
The land now known as Summerlin was acquired by Howard Hughes in the 1950s and sold by his heirs in 1996 to Maryland-based Rouse Co. for $520 million. Over the years, the developer changed hands several times, including a $12.6 billion acquisition by General Growth Properties in 2004.
After filing for bankruptcy in 2009, General Growth spun off The Howard Hughes Corp. in 2010, giving the newly formed company control over Summerlin and other properties nationwide.
The company reached a milestone in 2014 with the opening of Downtown Summerlin, which had been halted during the Great Recession. Since then, it has added significant projects, including office buildings, residential developments, and the Aviators' Las Vegas Ballpark, built with support from an $80 million naming-rights deal with the Las Vegas Convention and Visitors Authority.
Recent Corporate Activity
In 2023, Howard Hughes Holdings restructured into a holding company and spun off its entertainment division into Seaport Entertainment Group, which manages the Las Vegas Aviators and the ballpark. Despite the changes, Howard Hughes Holdings retains control of the Downtown Summerlin mall and continues to expand its footprint in the region.
Ackman’s Vision
Ackman’s proposal to take the company private aligns with his firm’s long-term strategy. In his letter, he described Pershing as the ideal owner to guide Howard Hughes Holdings forward, leveraging its namesake’s legacy of innovation.
While the proposal marks a significant potential shift for the company, Howard Hughes Holdings has stated that there is no assurance it will pursue the buyout.
Ackman expressed his enthusiasm for the company’s future, suggesting the buyout could allow it to thrive: “Let’s give this bird some wings.”
Looking Ahead
If accepted, the buyout would add another chapter to the storied history of Summerlin’s development and mark a significant milestone in the evolution of one of Southern Nevada’s most prominent real estate entities.
🏈 Raiders Begin Sixth Coaching Search Under Mark Davis' Ownership
The Las Vegas Raiders are once again searching for a head coach, marking the sixth such effort since Mark Davis became owner in 2012. Despite trying a variety of approaches over the years—ranging from hiring young coordinators to securing seasoned veterans—Davis has yet to find a lasting solution. This latest search comes after the team’s disappointing 4-13 season under interim coach Antonio Pierce.
With minority owner Tom Brady expected to play a significant advisory role, the Raiders hope this search will yield long-term stability.
The Raiders’ Coaching Searches Under Mark Davis: A History
2012: Dennis Allen’s Short-Lived Tenure
Mark Davis’ first major decision as owner came shortly after his father Al Davis’ passing in 2011. Partnering with newly hired general manager Reggie McKenzie, the Raiders sought a fresh start by replacing head coach Hue Jackson after just one season.
The team considered a mix of experienced coaches, including Mike Tice and Marty Mornhinweg, and rising stars like Todd Bowles, Mike McCoy, and Pete Carmichael Jr. Ultimately, they hired Dennis Allen, the Denver Broncos’ defensive coordinator.
Allen, the Raiders’ first defensive-minded head coach since John Madden in 1969, struggled mightily. He posted an 8-28 record before being fired four games into his third season in 2014.
2015: Jack Del Rio’s Mixed Success
Seeking experience, Davis hired former Jaguars coach Jack Del Rio after interviewing a diverse pool of candidates, including Mike Shanahan and Eric Mangini. Del Rio led the team to a promising 12-4 record in 2016, their best season in over a decade, but struggled in 2015 and 2017. His firing after a 6-10 season paved the way for another high-profile hire.
2018: The Return of Jon Gruden
After years of courting him, Davis convinced Jon Gruden to return to the Raiders with a 10-year, $100 million contract and full control of football operations. Gruden’s tenure saw mixed results, highlighted by the Raiders’ move to Las Vegas in 2020. However, his time ended abruptly in 2021 when controversial emails from his past surfaced.
Despite Gruden’s midseason resignation, interim coach Rich Bisaccia guided the team to the playoffs, but Davis opted not to keep him, despite strong player support.
2022: The Josh McDaniels Experiment
The Raiders made headlines in 2022 by hiring Patriots offensive coordinator Josh McDaniels and personnel executive Dave Ziegler. Hopes were high for the duo, but McDaniels’ tenure lasted just 1½ seasons, ending with a 9-16 record and little fan enthusiasm.
Antonio Pierce, promoted to interim coach, led the Raiders to a 5-4 finish. However, Davis did not retain him after the 2023 season.
2024: Pierce’s Brief Tenure
Pierce earned the full-time coaching job following his interim success, beating out Leslie Frazier and Kris Richard for the role. However, the Raiders underperformed, finishing with a 4-13 record, leading Davis to part ways with Pierce after one season.
The Current Search: What’s Different This Time?
Davis is once again tasked with finding a leader to bring stability and success to the Raiders franchise. With Brady’s involvement as an advisor, the team may approach the process with a renewed focus on proven experience and a vision for the future.
This search represents another pivotal moment for the Raiders, as Davis and his team aim to rebuild trust with fans and return to playoff contention.
❎ Joe Biden Delivers Emotional Farewell Address, Calls for Unity and Progress
In a heartfelt farewell address from the White House on Tuesday evening, President Joe Biden reflected on his tenure, urging Americans to remain united and committed to the nation's democratic ideals. Speaking in the East Room before a gathering of family, staff, and dignitaries, Biden emphasized the progress made during his administration and the challenges that remain for the nation.
"Serving as your president has been the honor of my life," Biden began, his voice filled with emotion. "Together, we faced unprecedented challenges, and together, we made strides toward a more just, equitable, and sustainable future."
A Presidency Marked by Challenges and Milestones
Biden highlighted key achievements of his administration, including the passage of historic infrastructure legislation, efforts to combat climate change, and initiatives to expand access to healthcare. He pointed to a post-pandemic economic recovery that, while uneven, laid the groundwork for job creation and resilience in key industries.
Biden also spoke about foreign policy, emphasizing the importance of international alliances and the United States’ leadership in addressing global crises such as the war in Ukraine and climate change.
"America is strongest when we lead not by the example of our power, but by the power of our example," he said, reiterating a core message of his presidency.
Acknowledging Divisions and the Work Ahead
Biden did not shy away from acknowledging the deep divisions that have defined American politics in recent years. He called for unity, urging Americans to reject extremism and misinformation.
"Democracy requires all of us to participate, to respect one another, and to listen," he said. "The challenges we face—climate change, economic inequality, threats to our democracy—cannot be solved by one party or one president alone. It will take all of us working together."
Biden addressed younger generations directly, expressing confidence in their ability to shape the future. "You are inheriting a world filled with challenges, but also immense opportunity. I believe in your ability to make it better. Never doubt your power to create change."
Gratitude and Reflections
The president expressed deep gratitude to his wife, First Lady Jill Biden, his children, and his grandchildren for their unwavering support. He also thanked Vice President Kamala Harris, his cabinet, and the American people for entrusting him with the nation’s highest office.
He offered a special message to the incoming administration, urging them to "build on the progress we’ve made, learn from the past, and always put the people first."
A Hopeful Closing
Biden concluded his speech with a call for optimism and resilience, quoting his favorite adage: "We’re a nation that never gives up. We’re always a work in progress, striving to form a more perfect union."
As he left the podium to a standing ovation, Biden paused to take in the room one last time. "God bless you all. And God bless America," he said, waving to the crowd.
Looking Ahead
With his presidency now coming to an end, Biden’s farewell underscored a legacy of resilience in the face of extraordinary challenges. While his tenure was not without controversy and political strife, his final message emphasized hope, unity, and the enduring strength of American democracy.
Biden's departure marks the end of an era, and the nation now looks ahead to the leadership of President-elect Donald Trump, signaling a new chapter in the country’s political history.
✈ Transportation Department Cracks Down on Persistent Flight Delays with Legal Actions Against Southwest and Frontier Airlines
The U.S. Department of Transportation (DOT) is intensifying its oversight of airline punctuality by filing a lawsuit against Southwest Airlines and imposing a fine on Frontier Airlines for their handling of chronically delayed flights, according to an announcement made Wednesday.
The DOT revealed that it filed a lawsuit in the U.S. District Court in California, alleging that Southwest Airlines knowingly operated flights with persistent delays, resulting in significant travel disruptions. The department seeks “maximum civil penalties” to enforce passenger protections.
Transportation Secretary Pete Buttigieg emphasized the importance of accountability, stating that airlines must provide realistic schedules for travelers and warning that the department is prepared to pursue legal action when necessary.
Allegations Against Southwest Airlines
The lawsuit claims that Southwest Airlines, based in Dallas, repeatedly operated two specific routes plagued by chronic delays: one between Chicago Midway International Airport and Oakland, California, and another between Baltimore, Maryland, and Cleveland, Ohio.
These flights were reportedly delayed for five consecutive months between April and August 2022, causing 180 passenger disruptions. The DOT asserts that Southwest failed to adjust its schedules to reflect realistic travel times, violating federal regulations.
Frontier Airlines Penalized
In a separate action, Frontier Airlines was fined $650,000 for operating chronically delayed flights. The penalty includes $325,000 payable to the U.S. Treasury, while the remaining half will be suspended if Frontier avoids operating persistently delayed flights over the next three years.
Industry-Wide Scrutiny
The DOT's recent actions follow a $2 million fine levied against JetBlue earlier this month for chronic delays attributed to “unrealistic scheduling.” JetBlue defended itself by citing shared responsibility with the government for air traffic control delays, sparking a broader discussion about systemic challenges in the aviation industry.
Southwest’s History of Issues
Southwest Airlines has faced increased federal scrutiny in recent years. In 2022, the Federal Aviation Administration (FAA) raised concerns about the carrier's compliance with federal safety regulations following multiple incidents, including flights operating at dangerously low altitudes far from their destination airports.
According to aviation-data provider Cirium, Southwest ranked fifth among ten North American airlines for on-time performance in 2024, with 77.8% of arrivals and just under 77% of departures operating on schedule. Delta Air Lines topped the rankings with an 83.5% on-time arrival rate.
Impact on Travelers
The DOT’s actions highlight growing frustration among regulators and passengers over delays and disruptions. These enforcement measures aim to hold airlines accountable while emphasizing the importance of accurate scheduling and timely performance.
Looking Ahead
The department’s ongoing efforts to ensure compliance with federal regulations could signal stricter oversight for other airlines with a history of delays. With these legal actions, the DOT hopes to protect travelers from chronic scheduling issues and ensure a more reliable air travel experience.
Summerlin South, NV Demographics
What is the population of Summerlin South?
What are the employment statistics in Summerlin South?
How many households are there in Summerlin South?
What are the median and average incomes in Summerlin South?
How many homeowners and renters are there in Summerlin South?
What is the level of education in Summerlin South?
What is the marital status of Summerlin South residents?
What are the most common means of transportation in Summerlin South?
Methodology & Disclaimers
Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2022 American Community Survey. The information is updated yearly, as soon as new data is made available by the US Census Bureau.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.
Zip codes included in this demographic data: 89135
Summerlin Area Command - Week Ending: January 3, 2025
Courtesy of The Las Vegas Metropolitan Police Department.
📌 🏠 Summerlin South - December 2024
*Median Sold Price By Bedroom Count
This is the middle price for which all homes in the area were sold based on the number of bedrooms. Half of all the homes sold were below this price, and half were above.
Visit here to see the entire report.
📌 ✅ We Want To Spotlight Your Business!
Would you like us to spotlight your local business in front of thousands of Summerlin South area residents in an upcoming issue of SummerSouth Insider?
We ❤️ Local Businesses!
We know our community is brimming with businesses that have fascinating stories and big hearts. If you're a local business owner making waves, crafting unique experiences, or simply putting a smile on our faces, we want to chat with you! "SummerSouth Insider" is eager to shine a light on the unsung heroes of our town. Let's collaborate and let the community know what makes your business special. Send us a message, and let's celebrate the spirit of Summerlin South together!
👇Select an option below:
✅Own a local Business? Apply to be featured.
