Focus Property Group stops making interest payments on $500 million in land loans. The real estate in Henderson, Nevada was won in June 2004 at a Bureau of Land Management auction for $557 million.
The property in question is 4,800 acres of land located in Victorville, California, Pahrump and the Las Vegas Valley. The Focus Property Group is one of the largest developers in Southern Nevada.
McCarran Airport Las Vegas new passenger 2007 record of 47.7 million. This is an increase of 3.1 percent from 2006, but the lowest increase for five years.
The previous 2006 annual traffic record was 46.2 million of departures and arrivals from McCarran International Airport.
Trump Towers Las Vegas condos are slated for a grand opening March 31, 2008. The gilded condo hotel in Las Vegas, Nevada real estate includes 1,282 units with residents closing on their residences the first part of March.
The luxury boutique hotel rental program of Trump International Hotel & Tower will be available to homeowners, which allows the leasing of their units, on March 31, 2008.
Gold Spike downtown Las Vegas NV casino sold for a cool $21 million just six months after Gregg Covin purchased the real estate. Covin made over $5 million in this commercial real estate transaction in recent Las Vegas casino news.
This real estate developer from Miami, Florida had visions of a hip and cool boutique hotel with upgraded restaurants for this downtown fixture.
John Tippins and Stephen Siegel purchased the Gold Spike hotel and casino. Seven months ago they also acquired the nearby Travel Inn for $5 million.