Globe Street | Las Vegas CRE News - From the Red Rock to the Hard Rock and Henderson - Commercial Real Estate News for Southern Nevada

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.

Crystals’ Tiffany Store Design Pops Up on Web

Monday, September 28, 2009

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LAS VEGAS-A source with Daniel Libeskind Studio confirms that the images posted by a blogger Friday are indeed the real McCoy.

Harrah’s Hikes New Term Loan Plan to $1B

Friday, September 25, 2009

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LAS VEGAS-The casino operator increases its plans from $750 million and lowers a related tender offer for near-term note maturities to $160 million from $175 million.

BrightSource Expanding Coyote Springs Land Deal

Thursday, September 24, 2009

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LAS VEGAS-The developer of large-scale solar thermal power plants inks a preliminary agreement to expand its footprint within the Coyote Springs community.

Harrah’s Seeks $750M in New Term Loans

Wednesday, September 23, 2009

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LAS VEGAS-Approximately $175 million of the proceeds would be used to buy back notes that mature in 2010 and 2011.

Wynn Prices, Increases Asia IPO

Tuesday, September 22, 2009

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LAS VEGAS-The casino operator will sell 1.25 billion shares (25%) of Wynn Macau Ltd. on the Hong Kong Stock Exchange for between $1.10 and $1.30 apiece.

$2B to Buy Fontainebleau Debt, Complete Resort

Friday, September 18, 2009

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LAS VEGAS-A gaming analyst estimates the cost of the deal while multiple reports again name Penn National Gaming as one of the interested parties.

Write-Offs Coming for Lost CityCenter Value

Friday, September 18, 2009

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LAS VEGAS-The casino operator says it is likely to incur non-cash impairment charges for lost value in its CityCenter investment.

Harrah’s Buys $140M of Planet Hollywood Debt

Wednesday, September 16, 2009

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LAS VEGAS-Harrah’s Entertainment buys a junior piece of the $860-million Goldman Sachs Mortgage Co. loan on the property a day before it slips into default.

Potential Buyer for Fontainebleau

Tuesday, September 15, 2009

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LAS VEGAS-Fontainebleau asks the bankruptcy court for extended access to money in its debtor-in-possession account in order to continue negotiating with a potential buyer.