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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.

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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.

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Las Vegas commercial real estate cites bad economy to delay construction progress.  News strikes again in the city of delayed or halted developments.  The economic slowdown and rising construction costs delayed the $850 million Tivoli Village at Queensridge.

Another commercial real estate development is taking the wait and see approach to construction progress including Summerlin Centre, Manhattan West and Echelon Las Vegas.  They say continued construction will be at a slower pace.

Continue reading Las Vegas Commercial Real Estate Cites Economy To Delay Construction

Christopher Milam makes second bid for real estate on Las Vegas Strip.  The Texas real estate developer is making a second attempt to purchase the land on the old Wet n Wild site for $618 million, or $22.9 million per acre located next to Sahara hotel.  This news was distributed from a filing with the Securities and Exchange Commission.

Continue reading Christopher Milam Makes Second Bid For Real Estate On Las Vegas Strip