Judge To Order Fontainebleau Sale
LAS VEGAS-US Bankruptcy Judge A. Jay Cristol decides Thursday to appoint an examiner to effect the sale of the partially completed $3-billion development at the north end of the Las Vegas Strip.
Archive | Globe Street
Apartment Complex Trades at Steep Discount
Friday, October 9, 2009
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LAS VEGAS-The Leo and Emma Zuckerman Trust acquires the 352-unit Summerlin Entrada Apartments for $15.6 million, nearly 60% less than it traded for in 2006.
Vegas Retail Vacancy Dips in Q3
Wednesday, October 7, 2009
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LAS VEGAS-Several pre-leased, user-specific building completions help stop three quarters of negative net absorption, dropping overall vacancy 20 basis points to 9.9%.
CityCenter Offers Condo Buyers Discount at Close
Tuesday, October 6, 2009
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LAS VEGAS-The 30% discount for previously committed buyers comes as MGM Mirage evaluates how much value it has lost with regard to its investment in the $9-billion, 18-million-square-foot development.
Fontainebleau Judge Wants Quick Sale, Not Ch. 7
Monday, October 5, 2009
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LAS VEGAS-'The record in this case indicates that the parties to these proceedings are not cooperating with one another,' US Bankruptcy Judge A. Jay Cristol in Miami states in his order.
More Scrutiny of Station Casinos’ Privatization
Friday, October 2, 2009
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LAS VEGAS-A federal bankruptcy judge has granted the creditors’ request for a private attorney to investigate possible wrongdoing in the $5.4-billion deal that took the company private in 2007.
Wynn Macau Ltd. IPO Generates $1.6B
Thursday, October 1, 2009
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LAS VEGAS-The Wynn Resorts subsidiary sells 1.25 billion shares--a 25% stake in itself on the Hong Kong Stock Exchange for US$1.30 per share, generating $1.625 billion in gross revenue.
Wynn Macau Ltd. IPO Generates US$1.6B
Thursday, October 1, 2009
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LAS VEGAS-The Wynn Resorts subsidiary sells 1.25 billion shares--a 25% stake in itself on the Hong Kong Stock Exchange for US$1.30 per share, generating $1.625 billion in gross revenue.
Fontainebleau Term Lenders Want Liquidation
Wednesday, September 30, 2009
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LAS VEGAS-The term lenders for Fontainebleau want the Ch. 11 bankruptcy for the 70%-completed resort to become Ch. 7 liquidation.
Station Objects to Motion for Investigation
Tuesday, September 29, 2009
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LAS VEGAS-The operator of off-Strip casinos says the bankruptcy court motion by over-secured lenders is an ill-considered, unfortunate distraction.
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Blog Flux Local - Nevada
Friday, October 9, 2009
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