Casino developer locks up New Bedford waterfront site - SouthCoastToday.com

December 17, 2009
Casino developer locks up New Bedford waterfront site
SouthCoastToday.com
In a joint venture with the Las Vegas Sands Corp., the firm renovated an abandoned steel plant in Bethlehem, Pa., for a casino that opened in June.

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IT’S YOUR BUSINESS: Business news releases Thursday, Dec. 17, 2009 (Naples Daily News)

December 17, 2009

Medical company comes to NaplesSoundWave Health Solutions, LLC announced today the opening of the first Medsonix Center in the Southeastern United States.“The effect of Medsonix is profound, immediate, long-lasting and measurable,” says Dr. Gary Gordon, founder of the center. “The University of Nevada-Las Vegas confirmed the technology undeniably increases blood flow, decreases pain and …

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Morgan Stanley to Surrender 5 San Francisco Towers (Update2) (Bloomberg)

December 17, 2009

Dec. 17 (Bloomberg) — Morgan Stanley , the securities firm that spent more than $8 billion on commercial property in 2007, plans to relinquish five San Francisco office buildings to its lender two years after purchasing them from Blackstone Group LP near the top of the market.

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Morgan Stanley to Surrender 5 San Francisco Towers - Bloomberg

December 17, 2009
Morgan Stanley to Surrender 5 San Francisco Towers
Bloomberg
US commercial real estate prices have dropped 43 percent from October 2007's peak, Moody's Investors Service said last month. The Morgan Stanley buildings

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Economist: CityCenter’s opening will ‘push economy forward’ - Las Vegas Sun

December 17, 2009

Brisbane Times
Economist: CityCenter's opening will 'push economy forward'
Las Vegas Sun
Aguero cited concerns about the commercial real estate market with office vacancy running at about 25 percent and retail and industrial vacancies surpassing
The Long, Bumpy Road to Completing CityCenterWall Street Journal
Vegas Gambles On $8.5 Billion Luxury ProjectNPR
Northern Nevada's fortune tied CityCenter success, or failureReno Gazette Journal

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Analyst: CityCenter’s opening will ‘push economy forward’ (Las Vegas Sun)

December 17, 2009

A day after a UNLV report painted a pessimistic picture about the Las Vegas economy, a local analyst pointed to signs of improvement and at least some hope. During a video conference today, Jeremy Aguero, a principal at Applied Analysis, said “we are bullish and hopeful on the opening of CityCenter.”

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Sale Of Bonds To Finance City Hall Closed - Fox5 KVVU

December 17, 2009
Sale Of Bonds To Finance City Hall Closed
Fox5 KVVU
LAS VEGAS — Forest City Enterprises, a national real estate development company, announced it officially entered into a development agreement Thursday with

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Report: Nearly $2 billion CRE distressed locally - Tampa Bay Business Journal

December 17, 2009
Report: Nearly $2 billion CRE distressed locally
Tampa Bay Business Journal
1, according to the real estate firm. Las Vegas was first with 252 troubled assets valued at $17.7 billion. The Tampa Bay area, ranked 33 rd , had about 116

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