Please reload

Investors wait for big bet on Las Vegas resort to pay off

Talk about tilting at wind mills. About 300 small investors put $19 million into  Las Vegas' Moulin Rouge resort development. Many of the frustrated lenders have died without getting their money back, reports the Las Vegas Review-Journal.

 

The property, which is located in a lower-income part of town far away from the fabled Strip, went into receivership in 2013. It was appraised for $6.67 million in 2015.

 

 

 

Share on Facebook
Share on Twitter
Please reload

Institutional investors slash CRE capital budget by 19%: Report

Ashford REIT invests in 'purification' tech to create allergy-free guestrooms

REIT to build $110M facility to house immigrants rounded up by Trump

Working in style: The corporate campus designed by Frank Lloyd Wright

Hard Rock unveils plans to revamp Trump's failed Atlantic City casino

Food tenants increasingly crucial for shopping centers: Report

Retailer Finer Fields aims to merge bricks and clicks

The Gents Place 'lifestyle club' muscling into new markets

1/2
Please reload

COMMERCIAL REAL ESTATE NEWS & CULTURE

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon
More from Squarefootprint
Further reading

ABOUT USCONTACT • ADVERTISE • ARCHIVE

© 2017 SQUAREFOOTPRINT

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon