Vegas Gambles On $8.5 Billion Luxury Project (NPR)

December 15, 2009

CityCenter, a complex of hotels, condos, a shopping mall and casino, is said to be the most expensive privately funded project in U.S. history. It’s launching during difficult times, and it’s got no official theme to attract tourists like other Vegas hotels. Its unofficial theme? Urbanism, architecture and art.

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Vegas Gambles On $8.5 Billion Luxury Project - NPR

December 15, 2009

ABC News
Vegas Gambles On $8.5 Billion Luxury Project
NPR
Because of the drop in real estate values, the project is now valued at $5 billion, much less than its $8.5-billion construction price.
The Long, Bumpy Road to Completing citycenterWall Street Journal
Northern Nevada's fortune tied citycenter success, or failureReno Gazette Journal
citycenter Budget TimelineWall Street Journal

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Judge OKs General Growth plan with property lenders - Reuters

December 15, 2009
Judge OKs General Growth plan with property lenders
Reuters
including Fashion Show in Las Vegas, Ala Moana Center in Hawaii, and Faneuil Hall Marketplace in Boston. It became the biggest real estate failure in US

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National Asset Services Adds Three Las Vegas Properties to Management Portfolio - Benzinga

December 15, 2009
National Asset Services Adds Three Las Vegas Properties to Management Portfolio
Benzinga
National Asset Services (NAS), a nationwide real estate firm, specializing in enhancing property value, announced today that three Las Vegas properties were

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National Asset Services Adds Three Las Vegas Properties to Management Portfolio (Business Wire via Yahoo! Finance)

December 15, 2009

LOS ANGELES—-National Asset Services , a nationwide real estate firm, specializing in enhancing property value, announced today that three Las Vegas properties were recently added to their nationwide portfolio of managed properties.

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Centor(R) Architectural to Unveil the S1E Eco-Screen(TM), the First Large Horizontal Retractable Screen and Blind … (Marketwire)

December 15, 2009

S1E Eco-Screen Combines the Pleasures of the Outdoors With the Comfort of the Indoors, Even Enhances Home Entertainment by Doubling as a Projection “Big Screen”

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Recession = Bargaining Chip for Small-Business Tenants - Fox Small Business Center

December 15, 2009
Recession = Bargaining Chip for Small-Business Tenants
Fox Small Business Center
Paul Chapman, who owns 14 commercial properties in Las Vegas, put it bluntly. “Small business is the only customer in commercial real estate today,” Chapman

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John Zogg, other execs return to Crescent - Dallas Business Journal

December 15, 2009
John Zogg, other execs return to Crescent
Dallas Business Journal
Tumultuous times in the commercial real estate market has made customer service and prime property offerings more important than ever, Goff said.

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Built on illusion - Frontline

December 15, 2009

Frontline
Built on illusion
Frontline
The global crisis, which began with the decline in real estate values in the US, inevitably had its effect as the global markets for luxury goods and

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your bank in trouble? More report bad loans - msnbc.com

December 15, 2009
your bank in trouble? More report bad loans
msnbc.com
The rising troubled asset ratios show the increasing pressure that the recession and bad loans, particularly on commercial real estate, have placed on the

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