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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

Manhattan West Las Vegas condos stopped construction on development in west Las Vegas real estate.  The mid rise development by Gemstone Development cites mortgage lenders terminating financing.

The local real estate developer is looking to create an investment group for buying discounted senior notes for completion of the development.

This past year in Las Vegas the pricing for residential real estate has deeply been discounted.  Many developers have lowered their prices to levels of at or below their cost.  At this pace many builders are going bankrupt or out of business.  Continue reading Manhattan West Las Vegas Condos Stopped Construction On Development

Strippers rejoice with possible employment by a Penthouse Brand Las Vegas NV Hotel.  The Penthouse CEO has gone public with a possible real estate purchase on the Las Vegas Strip.  Watch out casino operators, the men’s magazine could put a new spin on attracting visitors to their casino.

Continue reading Strippers Rejoice: Employment By A Penthouse Brand Las Vegas NV Hotel

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.

Continue reading Will The US Marshals Operate Crazy Horse Too Las Vegas Topless Club?

City Crossing mixed use real estate in Henderson, Nevada seeks reorganization.  Plise Development, Las Vegas based developer, obtained $180 million in short term debt during the first part of 2007 which matured about four months ago.

City Crossing is a $2 billion development within 6 million square feet near the Henderson Executive Airport.  Real estate site improvements have started that include utilities, grading and roads.

Continue reading City Crossing Mixed Use Real Estate In Henderson Seeks Reorganization