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Las Vegas resort creates corporate restructuring plan for debt issues.  MGM Mirage created a four level plan to help the company keep of their Las Vegas hotels and avoiding bankruptcy.

First, a complicated bond and stock offering will raise $2.5 billion for the resort and gaming operator.

Continue reading Las Vegas Resort Creates Corporate Restructuring Avoiding Bankruptcy

Real estate developer restarts construction in building new Las Vegas homes for sale.  Several Las Vegas neighborhoods will give buyers the ability to once again pick their options including countertops and kitchen cabinets.

Continue reading Real Estate Developer Restarts Construction: Building Las Vegas Homes

Las Vegas home sales skyrocket in real estate market for 13 months in a row.  The Greater Las Vegas Association of REALTORS reported prices continued to decline in April and is leading the US in home sales.

Homes listed for sale in the multiple listing service has continued to decline in April to 22,112.  A 3.6 percent fall from a year ago of 24,000 units.  Inventory also declined due to the moratorium the Fed placed on real estate from November 2008 to March 2009.

Continue reading Las Vegas Home Sales Skyrocket In Real Estate Market For 13 Months

Las Vegas hotel developer funds stopped and reduces construction work force.  Commercial real estate developer of the $3.1 billion Fontainebleau hotel alerted contractors of denied access to some of the $130 million in construction financing.

The constructions funds were expected to be available according to the developer last week.  A separate set of lenders apart from the $800 million pulled from financing a week prior stopped access to funding.

Continue reading Las Vegas Hotel Developer Denied $130 Million In Funds & Cuts Workers

Las Vegas master plan is nation’s best selling master plan in the country for 2008.  For the second consecutive year the 3,500 acre Mountain’s Edge master plan in southwest Las Vegas took top honors by Robert Charles Lesser & Co.

Continue reading Las Vegas Master Plan Is Nation's Best Selling Master Plan In Country

Las Vegas high rise condo filed for bankruptcy protection this week.  The 21 story downtown luxury condominium project filed for Chapter 11 bankruptcy protection.

Real estate developer Dusty Allen for Streamline Tower racked up approximately $125 million in construction costs of the 275 unit high rise.  Corus Bank of Chicago financed the downtown development.

Continue reading Las Vegas High Rise Condo Filed For Bankruptcy Protection This Week