Fontainebleau Las Vegas hotel condo might find it difficult to fund its retail loan. Condo presales at Fontainebleau were expected to raise between $700 and $900 million before the mortgage crisis earlier this year.
Although, analyst have told investors the $2.9 billion real estate project on the Strip has funding for the proposed hotel opening in late 2009.
Dubai World is possible joint venture partner with MGM Mirage after the Nevada Gaming Commission rules on their business relationship later this month. Dubai World is the investment division of the Persian Gulf state.
Las Vegas land prices plummet near a record devaluation of 74 percent due to the real estate market and higher than normal commercial real estate vacancy rates.
Third quarter real estate sales this year have been 427 acres for an average price of $524,725 an acre. This is a massive decrease from the 2007 same quarter totals.
Will the US Marshals operate the Crazy Horse Too Las Vegas Topless Club? Last week they received more time to consider operational consideration with the proper exotic dancing and alcohol permits or a sale of the real estate.