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City Crossing mixed use real estate in Henderson, Nevada seeks reorganization.  Plise Development, Las Vegas based developer, obtained $180 million in short term debt during the first part of 2007 which matured about four months ago.

City Crossing is a $2 billion development within 6 million square feet near the Henderson Executive Airport.  Real estate site improvements have started that include utilities, grading and roads.

Continue reading City Crossing Mixed Use Real Estate In Henderson Seeks Reorganization

Manhattan West condos for sale in Las Vegas, Nevada real estate topped off Element House.  Element House is the nine story flagship building within the southwest development of Manhattan West.  It is located off of the I 215 and Russell.

Gemstone Development is continuing construction progress while others in the Las Vegas real estate market have either halted or stopped their projects due to the falling credit market and current economic conditions including Trump Towers Las Vegas, Plaza, Crown Las Vegas and Echelon on the Strip.

Continue reading Manhattan West Condos For Sale In Las Vegas Topped Off Element House

Seller financed down payment assistance will stop as deadline nears.  Home buyers looking for financial assistance after September 30, 2008 could be in for a surprise unless members of Congress create a new bill, the Federal Housing Administration’s Seller financed Down payment Reform and Risk-based Pricing Authorization Act (H.R. 6694).

Continue reading Seller Financed Down Payment Assistance Will Stop As Deadline Nears

Calendar of Conventions in Las Vegas Nevada Hotels

Las Vegas Convention Schedule For Aug 19 - Sept 1 2008

• 19th Annual Working Group Meeting & Conference
• JW Marriott Las Vegas Resort      09/02/2008      09/05/2008      250
• ASI Food Safety Consultants - Bio-Terrorism & Food Safety Seminar
• Embassy Suites Airport     09/04/2008     09/05/2008     20



Continue reading Calendar Of Conventions In Las Vegas Nevada Hotels Sept 2-8 2008

Las Vegas casinos gaming revenue was a cool $949 million during June, 2008.  Year to date total was a 1.1 percent deficit for Nevada casinos.

This is the longest decline since the terrorist attacks on September 11, 2001.  During that time there was only a five month decline in casino gaming revenue.

The fiscal year for Nevada ended in June and tabulated $12.5 billion in gaming revenue.  This was the first fiscal year decline in six years at 1.87 percent.

Continue reading Las Vegas Casinos Gaming Revenue Was A Cool $949 Million During June

Harrah’s Entertainment continues construction progress on $1 billion Caesars Palace NV hotel.  Even though last quarter’s loss was almost $100 million, they continue with their expansion of convention space and a new hotel casino tower.

In the past month other hotel chains have reported they are halting expansion including Echelon resort, a $5 billion version of New York’s Plaza Hotel. Crown Las Vegas and Morgan’s Hotel Group.  Last year’s net profit during the same quarter was $237.5 million.  Revenues for Harrah’s during the second quarter declined year to date 3.7 percent or $2.6 billion.

Continue reading Harrah's Continues Construction On $1 Billion Caesars Palace NV Hotel