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LAS VEGAS-The real estate and business development company closes on the first of three properties here that it will convert to its Siegel Suites brand of hotel-apartment hybrids.
LAS VEGAS-Three different ownership groups are looking to sell as one their six contiguous parcels. The acreage, abutting Interstate 15, could fetch $6 million per acre.
LAS VEGAS-With the casino operator's share price standing above the offer price, a Dubai World subsidiary attracts only 2.4% of the maximum number of shares it could have acquired.
LAS VEGAS-The $5.4-billion management led buy-out of Station Casinos will be considered for final approval by the Nevada Gaming Commission later this month.
LAS VEGAS-Marriott acknowledges investing $230 million for 16 acres across from the Las Vegas Convention Center en route to a 3,500-room casino-resort with 500,000 sf of meeting space.
LAS VEGAS-Absorption normalizes in the face of above-average construction activity, pushing vacancy to its highest point since the turn of the century, according to a new report.
LAS VEGAS-The casino operator makes several personnel shifts in early preparation for the November 2009 opening of the company's $7.4-billion mixed-use development on the Strip.
LAS VEGAS-The casino operator is will use the proceeds to enhance the company's financial flexibility for future projects and potential new developments.
LAS VEGAS-News of the extension of the offer, and of a possible increase in the per-share-offer price, helps push shares of MGM Mirage to a new 52-week high.