From the monthly archives:

May 2009

Condo Projects Battling it Out

by admin on May 12, 2009

One thing is for certain, the courts have been kept busy by developers. In an interesting turn, the owners of Fontainebleau are accusing their lender, Deutsche Bank of trying to destroy their project in order to protect their own condo project.
Deutsche Bank, along with several other lenders were named in a lawsuit claiming that they [...]

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Banks Taking Over High Rise Projects

by admin on May 1, 2009

Over the past 18 months, several high rise projects have gone back to the banks financing them. Newport Lofts, the Cosmopolitan, Turnberry Towers and Mira Villa have all been taken over by the banks due to bankruptcy. Two more projects can be added to that list, Streamline Tower in downtown Las Vegas filed for Chapter [...]

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