Las Vegas Real Estate News

Developers eye Las Vegas Valley’s unfinished buildings
Time Takes Toll On Green Valley
Be the best needle in the haystack
$1.5B in New Investments by 2014 in Gaming Market
Plaza Las Vegas Venture Gone Kaput?
Las Vegas,NV Real Estate Home Prices UP+19.1%. Don't Miss - Trulia
Las Vegas Housing Statistics as of November 11, 2012
Could you be denied a mortgage for having a baby?
All the World's a Stage | Travis Bell and Robbie Henderson Real ...
Root Where You Are Planted | Travis Bell and Robbie Henderson ...

Developers eye Las Vegas Valley’s unfinished buildings

Posted: 12 Nov 2012 02:03 AM PST

All across the valley stand half-finished buildings, abandoned construction sites and boarded-up condominium projects. To many, the abandoned structures and shelved projects are reminders of Las Vegas' real estate bust. To a few, they signal opportunity.

Time Takes Toll On Green Valley

Posted: 12 Nov 2012 12:00 AM PST

Green Valley, considered the first master-planned community in Southern Nevada, is turning gray. On a recent morning, Henderson City Councilman John Marz drove around the community he has called home for the past 28 years. He pointed out weeds, dead

Be the best needle in the haystack

Posted: 12 Nov 2012 03:25 AM PST

Google's head of real estate reveals strategies for growing your business

$1.5B in New Investments by 2014 in Gaming Market

Posted: 09 Nov 2012 10:33 AM PST

LAS VEGAS-According to a newly formed gaming group, there is a momentum building in Vegas that is riding a $1.5 billion wave of renovation, entertainment construction and distressed asset acquisitions in the coming 24 months.

Plaza Las Vegas Venture Gone Kaput?

Posted: 12 Nov 2012 12:50 AM PST

Talks on a debt settlement on the planned Plaza Las Vegas casino and hotel project of Israeli tycoons Nochi Dankner and Yitzhak Tshuva appear to have failed, and the project is likely to be scrapped. The Plaza Las Vegas venture owes a bank syndicate $620 million which was used to purchase the land for the project.

The syndicate this October issued a warning letter to the Dankner and Tshuva over the non-payment of the loan on time. A meeting was subsequently held in New York where the borrowers presented a debt settlement proposal. The banks were offered a $250 million loan payment, with the proviso of a 50-82% loan discount or rescheduling payments over ten years. The lenders, however, balked at these terms and presented an undisclosed counterproposal on the terms of the loan settlement.

The counterproposal, however, were rejected by the Plaza partners who are now considering if there are any options left for further negotiations on the loan settlement. Notably, the bondholders of Dankner's IDB Development Corp. Ltd., which owns 25 percent of the Plaza Las Vegas project, were at the outset in opposition to the company's participation in the loan settlement. In particular, the IBD Development bond trustees oppose the $95 million share of the company in the botched proposal for debt settlement.

Because of the differences between the Plaza partners and the bank syndicate, plus the fact that the loan is a non-recourse loan, knowledgeable sources say that the partners will give up on the Plaza Las Vegas project. A $1.24-billion loan was actually secured for the project's land purchase in 2007. The real estate crisis in the following year adversely affected the Plaza project, and there were repeated postponements of debt repayment. Almost the entire $500 million that the partners have invested in the project have already been written off.

Las Vegas,NV Real Estate Home Prices UP+19.1%. Don't Miss - Trulia

Posted: 11 Nov 2012 08:46 AM PST

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Las Vegas Housing Statistics as of November 11, 2012

Posted: 11 Nov 2012 10:56 AM PST

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Could you be denied a mortgage for having a baby?

Posted: 11 Nov 2012 11:27 AM PST

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All the World's a Stage | Travis Bell and Robbie Henderson Real ...

Posted: 07 Nov 2012 04:47 AM PST

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