From the monthly archives:

February 2009

CityCenter Seeking Additional Financing

by admin on February 23, 2009

This seems to be a recurring theme for hotel and condominium projects in Las Vegas (and elsewhere, I’m sure): Trouble getting financing. “Necessity is the mother of strange bedfellows” That certainly applies here, since MGM Mirage is in talks with Deutsche bank who happens to own the adjacent property next to CityCenter, the Cosmopolitan. In [...]

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Trouble for Fontainebleau

by admin on February 22, 2009

One thing is for certain, you have to play the odds in Las Vegas. Last month, it was reported that the Turnberry’s Fontainebleau was ahead of the curve in financing. With so many projects falling into limbo half completed, unable to get financing, Fontainebleau had reported that they would be able to complete the project.
Now [...]

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Luxe Lofts Construction Nearing Completion

by admin on February 11, 2009

Luxe Lofts, a boutique loft community of just 83 luxury lofts in southwest Las Vegas is nearing completion. At time when many construction projects are stalled for lack of financing (see Manhattan West), Luxe Lofts is nearly finished. Another unique characteristic of Luxe, they are not pre-selling any units until the project is finished.
I [...]

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