Liens Against Real Estate Developer Pile Up Halting Condo Progress

Manhattan West CanceledLiens 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.

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M Resort Las Vegas Is Expected To Open For Business On March 1, 2009

M Las Vegas HotelM 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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Manhattan West Las Vegas Condos Stopped Construction On Development

Manhattan West CondoManhattan 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

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City Crossing Mixed Use Real Estate In Henderson Seeks Reorganization

ForeclosuresCity 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.

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