queensridge: Las Vegas Real Estate Investment - Ruffin Buys Treasure Island - Canadian Invasion of Vegas Continues - 12/15/08 05:58 PM
Former Frontier Casino owner Phil Ruffin says "He's putting his money on Vegas." This is to the tune of $775 million to purchase Treasure Island from MGM Mirage. The deal is said to involve $500 million in cash, with the balance in secured notes. The transaction is expected to close around the 2nd. quarter 2009, pending regulatory approvals.

This gives MGM a liquidity boost in these difficult economic times. It's also a boost to City Center that is scheduled to open late 2009, as the credit markets having tightened, this inflow of cash gives them some breathing room. It also … (6 comments)

queensridge: Las Vegas - Israel Investment Perspective - 08/20/08 06:46 PM
Recently there have been some major Israeli investors in the Las Vegas market. The most often heard mentioned is EL-AD Group with their purchase of the Frontier property on the Las Vegas Strip at a record price per acre, and it now being on hold until credit markets relax. There are others as well, including EL-AD's partner in the Plaza, Nochi Dankner's multi-billion dollar IDB Developments / Property and Building that is in for 50% of the estimated $8 billion project.

Dankner's investment in Las Vegas doesn't end there. They have recently refinanced and increased their stake in Queensridge … (8 comments)

Roberta LaRocca, REALTOR®, Broker, Salesperson, Property Management (Simply Vegas Real Estate) Rainmaker large

Roberta LaRocca

REALTOR®, Broker, Salesperson, Property Management

Las Vegas, NV

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Address: 1780 W. Horizon Ridge Parkway, Suite 100, Henderson, NV, 89012

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