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Hard-Money Lenders Capitalize on Distress
By Las Vegas Sun
LAS VEGAS-Hard money lenders are looking north of Las Vegas, near Reno, for distress in commercial real estate and the foreclosures that are about to hit the market.
... Full Story
Boyd Reiterates Station Bid, Sees Recovery Signs
By Bob Howard
LAS VEGAS-Boyd Gaming Corp. stands by its $2.4 billion bid to buy Station Casinos, the company's president and CEO says in a conference call.
... Full Story
New Firm Aims to Help Hotel Owners in Distress
By Bob Howard
HENDERSON, NV-Former Hilton CFO Robert La Forgia and other veteran hotel execs form Apertor Hospitality to provide asset management services to the hospitality and gaming industries.
... Full Story
Icahn Closes $150M Fontainebleau Buy; Now What?
By Bob Howard
LAS VEGAS-Icahn Enterprises closes on its acquisition of the Fontainebleau Property after its winning bid in bankruptcy court. Market-watchers wonder its fate.
... Full Story
CIP Signs Cox to 84,000 SF in Consolidation
By Bob Howard
LAS VEGAS-The communications firm signs a long-term deal for the space in a building owned by a JV of CIP Real Estate and Buchanan Street Partners.
... Full Story
Lenders Foresee Big Increase in Loan Volume
By Bob Howard
LAS VEGAS-The tide appears to have turned as an increasing number of lenders to the commercial real estate sector predict loan production will increase this year.
... Full Story
Market Ponders Icahn's Next Fontainebleau Move
By Bob Howard
LAS VEGAS-Now that a bankruptcy court has approved Carl Icahn's bid to acquire the partially completed Fontainebleau project, market-watchers wonder what he will do and when.
... Full Story
CBRE Launches Services for Automotive Properties
By Bob Howard
LAS VEGAS-The new group will offer dealership acquisition, disposition, management of idle properties and related services.
... Full Story
Carl Icahn Poised to Take Control of Fontainebleau
By Natalie Dolce
LAS VEGAS-A subsidiary of Icahn Enterprises LP emerged as the only qualified bidder this week after two competing bids were deemed unqualified for the stalled casino hotel development. ... Full Story
Siegel Acquires Artisan Hotel via Foreclosure
By Bob Howard
LAS VEGAS-A Siegel Group affiliate called Garrett Capital LLC gains title to the 64-key boutique hotel in foreclosure after buying the hotel mortgage from a Midwestern lender.
... Full Story
REO Development Site Trades in All-Cash Deal
By Bob Howard
LAS VEGAS-The former owner of the 8.39-acre site had preliminary approvals for a 683,000-square-foot mixed use project.
... Full Story
Gaming Revenue Ticks Upward on the Strip
By Bob Howard
LAS VEGAS-November 2009 gaming revenue rises by more than 8% on the Las Vegas Strip, but the take is still down more than 5% for the year.
... Full Story
City Readies $26M Freedom Park Sports Complex
By Bob Howard
LAS VEGAS-The new facilities, due to open this month, are a public-private venture with Chino, CA-based developer Big League Dreams.
... Full Story
Phil Ruffin Pens Column on Future of Vegas
By Brian K. Miller
LAS VEGAS-The man who paid $775 million for a resort here in March 2009 says the Strip will absorb its new room inventory by 2020. ... Full Story
Levi Strauss Adds 130,000 SF to Vegas Ops
By Brian K. Miller
HENDERSON, NV-The lease, which is part of the company’s effort to take some of its logistics operations back in-house, takes the company’s local industrial leasehold to 800,000 square feet. ... Full Story
$21M Master Lease for 48,000-SF Medical Center
By Brian K. Miller
HENDERSON, NV-A group of health care providers including Horizon Surgery Center and Foot & Ankle Surgical Group master lease a new building that was built to suit their needs. ... Full Story
FedEx Acquires Six Acres for Warehouse
By Brian K. Miller
LAS VEGAS-The $34-billion company pays $18.53 per square foot for the land, which local experts say is more than twice the going rate.
... Full Story
Sansone Development Adds Property Management
By Brian K. Miller
HENDERSON, NV-The locally based company has developed and is currently managing approximately 750,000 square feet of commercial property.
... Full Story
Boyd Makes $2.4B Offer for Station Casinos
By Brian K. Miller
LAS VEGAS-The operator of nine casinos in the region makes another unsolicited, non-binding offer to acquire the struggling owner of 18 casinos in the region. ... Full Story
Sahara Darkens Two of Three Hotel Towers Temporarily
By Brian K. Miller
LAS VEGAS-Citing slow business during the holiday season, the Sahara hotel-casino at the top of the Las Vegas Strip temporarily shutters its two oldest hotel towers. ... Full Story
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