Waiting Game Between Lenders & Borrowers Will Last A Long Time

March 15, 2010

Say you are upside down in your mortgage like so many others in this real estate market.  You want  to get some relief so you go to your formerly friendly banker who you probably know by first name.   The arduous task of unraveling the deal begins but understand this,  no matter what you do [...]

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Mesquite, Nevada Just Might Be Caught In A Time Warp

March 11, 2010

I took a road trip the other day and drove the 90 +/- miles up Interstate 15 from Las Vegas to Mesquite, NV.  Set along the sandy loam banks of the Virgin River in the Virgin River Valley,  Mesquite always has seemed a bucolic scene of lowland farms and grand snow capped peaks of a [...]

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Michael Moore Sees the Commercial Real Estate Bubble About to Burst

March 6, 2010

Today on The Young Turks video blog I saw an interview with Michael Moore of  ROGER & ME and Fahrenheit 911 motion picture fame among other political positioning escapades.   While I do not always (read ‘seldom’) agree with this guy’s viewpoint  I do find it interesting to hear him out because eventually he will bring [...]

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Clark County Shooting Park Opens on the North Side of the Las Vegas Valley

March 3, 2010

Clark County, Nevada is now home to the finest World Class Shooting Park in the country.

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SIMON PROPERTY GROUP TAKES A RUN AT GENERAL GROWTH WITH $10BILLION OFFER

February 22, 2010

Simon Property Group, the largest shopping mall owner in the US, has made a sizable offer to acquire the Number 2 mall ownership group in the US, General Growth.

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Fourth Quarter Market Reports Revealed Struggling Apartment Market

February 19, 2010

2.15.2009 – As job losses mount up renters go back home or share housing to save money. Meanwhile, the buyers of distressed homes place them on the market at lower rental rates and tip the apartment vacany rates further and drive rental rates lower for apartment communities. No real relief in this market segment of commercial real estate in Las Vegas.

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New City Hall Building Gets Underway With Groundbreaking

February 18, 2010

Las Vegas history gets trumped again with the demolition of the Queen of Hearts Hotel to make way for the all new 308,990 square foot State-of-the-Art City Hall.

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Casino Monte Lago at Lake Las Vegas Set to Close March 14, 2010

February 17, 2010

It was bound to happen. The first domino tipped last week when the Ritz Carlton Lake Las Vegas announced plans to close in May 2010 due to low traffic to the Five Diamond Hotel Resort. Now, today , Feb 16th, 2010, the Casino adjacent to the Ritz Carlton at Lake Las Vegas announced that it would close it’s doors in a pre-emptive move on March 14, 2010.

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Five Diamond Ritz Carlton Lake Las Vegas Loses Funding, To Close May 2nd

February 9, 2010

Ritz Carlton Hotel at Lake Las Vegas is closing in May due to business and traffic slowing. This could be a great opportunity for another resort “flag” to rebrand a stately, grand hotel outside of Las Vegas about ½ an hour.

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Second Habitat for Humanity RESTORE Interior Construction Begins

February 7, 2010

Update on the Habitat for Humanity RESTORE retail “resale” location with photographs showing progress of the preconstruction demolition and cleanup so work can take place. Photos are included for reference.

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