TITLE

MGM MIRAGE CITYCENTER PROJECT COULD FACE BANKRUPTCY

AUTHOR(S)
Stutz, Howard
PUB. DATE
April 2009
SOURCE
Las Vegas Business Press (10712186);4/6/2009, Vol. 26 Issue 14, pP18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the possible bankruptcy of the CityCenter project in Las Vegas, Nevada, which was considered by MGM Mirage as the most expensive commercial development in U.S. history.
ACCESSION #
47881319

 

Related Articles

  • Report sees flat market for LV real estate. ILLIA, TONY // Las Vegas Business Press (10712186);12/7/2009, Vol. 26 Issue 49, pP10 

    The article highlights a 2009 report from Grubb & Ellis Las Vegas which says that the commercial real estate market in Southern Nevada is expected to stay flat in 2010. According to the report, user demand will remain soft in 2010 due to recession-fueled job losses and increasing company...

  • PICKING UP MARKET SHARE: Despite Fairway's bankruptcy, grocers are opening new Manhattan locations. Schifman, Gerald // Crain's New York Business;2/3/2020, Vol. 36 Issue 3, p12 

    Fairway Market's road to bankruptcy began with a private-equity takeover. As Whole Foods continues to expand, it's clear that the supermarket chain's prospects are brighter than those of Fairway, whose markets outside of Manhattan are likely to close.

  • Fallout from Border's Bankruptcy Filing. Misonzhnik, Elaine // National Real Estate Investor;Mar2011, Vol. 53 Issue 2, p15 

    The article reports on the plan of Ann Arbor, Michigan-based Borders Group Inc. to close an estimated 200 bookstores in connection with its Chapter 11 filing of bankruptcy in February 2011. It discusses the impact of the planned closure on retail landlords. It estimates the national vacancy rate...

  • S&P: CMBS OK Even If Anchor Fails. Peters, Terry // National Mortgage News;7/22/2002, Vol. 26 Issue 42, p11 

    Focuses on a Standard & Poor's (S&P) report which showed that bankruptcies of anchor tenants in shopping centers have had little effect on commercial mortgage-backed securities deals in the U.S. as of July 2002. Reason for the reduced rating effect of such bankruptcies; Method used by S&P in...

  • Bankrupt Space. Misonzhnik, Elaine // Retail Traffic;Jun2007, Vol. 36 Issue 6, p40 

    The article offers insights on the initiative or action that shopping center owners in the U.S. should do to avoid problems when one of their tenants files for bankruptcy. Patrick Maxcy, of law firm Sonnenschein Nath & Rothenthal LLP, advises that landlords should protect themselves in advance...

  • Congress Passes Bankruptcy Protection Act.  // Journal of Property Management;may/jun2005, Vol. 70 Issue 3, p4 

    Reports on the passage of the U.S. Senate-approved Bankruptcy Abuse Prevention and Consumer Protection Act by the House on April 14, 2005. Commercial real estate provisions under the legislation.

  • Lenders quicker to deal pained properties. BULLARD, STAN // Crain's Cleveland Business;2/6/2012, Vol. 33 Issue 6, p0003 

    The article discusses various aspects of receivership sales, which is an alternative to sheriff's sale in troubled commercial properties. It is given that after recession in 2008, lenders are trying to take out sour mortgages without taking title to the properties that are collateral for those...

  • This Land Isn't Your Land. Greenfield, Harry W.; Toole, Jeffrey C. // Commercial Law World;Jan/Feb2012, Vol. 27 Issue 1, p16 

    The article presents information on how equipment or real estate lessors or commercial real estate tenants can protect their property or ownership rights in bankruptcy cases. It is said that sometimes bankrupt companies sell the leased property to raise funds, or a debtor-landlord sells his...

  • Commercial Real Estate in Receivership. Hoffman, William // Commercial Lending Review;Nov2010, Vol. 25 Issue 6, p33 

    The article discusses the different types of qualities and experience to look for in a receiver in commercial real estate. It stresses that a good quality receivership must be well-versed in running the business, objective, and knowledgeable in terms of bankruptcy. Moreover, the article suggests...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics