The LINQ, Caesars Entertainment’s $550 million open-air retail, dining and entertainment district located on the 50-yard line of the world-famous Las Vegas Strip announced today an impressive first wave of tenants to populate. Popular first-to-market concepts and trendsetting brands, such as Brooklyn Bowl and Sprinkles Cupcakes, are among the first tenants to sign onto the project which boasts more than 300,000 square feet of retail, dining and entertainment space.
MGM Mirage financial situation is not affecting MGM Mirage Macau according to managing director of MGM Grand, Pansy Ho. Project CityCenter made a $220 million payment.
Ho states they are keeping a close watch on the economic downtown in America and it should not be a big roadblock currently.
Liens against real estate developer pile up halting condo progress in Las Vegas. Economic downturn and improper construction has stopped construction on this $350 million ManhattanWest Las Vegas mid rise real estate development.
Problems arose for ManhattanWest last August. During this time the general contractor Camco Pacific replaced Apco Construction.
Station Casinos Las Vegas casino operator skips $15.5 million debt payment this week on their commercial real estate. According to the Securities and Exchange Commission this is the second time this month Station Casinos has missed a payment.
A lawsuit was filed last week against Station Casinos which stated the bankruptcy was “without merit” by an individual bondholder.
M Resort Las Vegas is expected to open for business on March 1, 2009. The local $1 billion Las Vegas hotel casino on 93 acres of land will have 390 rooms, nine restaurants, 90,000 square foot casino, 2.3 acres of luxurious pool, 20,000 square foot spa and 60,000 square feet of meeting areas.
Las Vegas hotel purchase by Penn National Gaming is not happening now said this week by company sources. Rumors in the news and online sources was the regional casino operator to purchase Mirage Las Vegas hotel casino surfaced after TI’s commercial real estate deal was announced.