Last Updated: August 27, 2010 ET

Las Vegas Outlet Expands, Town Square Faces Foreclosure

By GlobeSt News Hub
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LAS VEGAS-Las Vegas Outlet Center will be expanded by 70,000 square feet by the Simon Property Group to house an additional 11 stores with the project slated for completion by spring.

Meanwhile, Town Square, a 93-acre shopping center located in Las Vegas, Boulevard, is facing foreclosure by the Deutsche Bank. The bank provided $520 million as a construction loan; however, the developers, Centra Properties Development and Turnberry Associates, failed to repay the due amount. For the full story, go to Las Vegas Sun.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Categories: West, Retail, Development, Distressed Assets, Legal, Las Vegas

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