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Nevada City Real Estate Search Resource News

The Siegel Group Nevada, Inc. Acquires 2nd Las Vegas Hotel-Casino (Business Wire via Yahoo! Finance)
LAS VEGAS----The Siegel Group Nevada, Inc., today announced that it has completed the acquisition of the Barcelona Hotel & Casino located in Las Vegas, Nevada. The purchase price equated to approximately 60% of the current appraised value of $21 million.
01/06/2009    

Out in Nevada desert, gambling runs dry (Los Angeles Times)
First, a casino boom in Mesquite, now a bust. It's bad for the city and hard for its residents. Two decades ago, real estate mogul Randy Black turned this blip on the Arizona border into a boomtown when he opened the first of four casinos. Nearly 1 million visitors a year followed, and hotels, restaurants and stucco homes seemed to sprout from sand.
01/02/2009    

NYC real estate defies gravity - so far (CNN Money)
Home prices in Manhattan held up remarkably well in the fourth quarter, despite the economic crisis.
01/06/2009    

Even Nevada sees drop in gambling revenue (Moldova.org)
Residents of Mesquite, Nev., say their city's health thrived and then died as the U.S. economy stalled and gambling revenues disappeared.It seemed to be one of those things that 'Geez, it's just going great. It's never going to end,' said Victor Kotalion, a 60-year-old laid off card dealer.Mesquite rose from the desert 20 years ago when real estate mogul Randy Black opened the first of four ...
01/03/2009    

Wednesday January 07, 2009 - 10:35 EST (Rolling Good Times)
LAS VEGAS, Nevada -- Recession or not, a joint venture led by a financially struggling Israel-based development group plans to build the world's largest hotel in Las Vegas.
01/07/2009    

Trader vanishes after questions (Knoxville News Sentinel)
A Gatlinburg real estate entrepreneur and unlicensed stock trader who disappeared after a number of area investors stopped receiving dividend checks and began asking questions may have received as much as $20 million to invest in stock market day trading, the News Sentinel has learned.
01/06/2009    

Conservative think tank proposes cuts to prevent tax increases (Las Vegas Review-Journal)
CARSON CITY — A Las Vegas-based conservative think tank called today for state government to consider eliminating the Department of Business and Industry and make numerous other changes that it believes would eliminate the need for tax increases at this year’s Legislature.
01/07/2009    

PennyMac Announces Purchase of Residential Mortgage Loan Portfolio From FDIC as Receiver for First National Bank of ... (PR Newswire via Yahoo! Finance)
Private National Mortgage Acceptance Company, LLC announced today that investment funds managed by its affiliate, PNMAC Capital Management, LLC, have completed the purchase of $558 million in residential mortgage loans from the Federal Deposit Insurance Corporation as Receiver for First National Bank of Nevada.
01/07/2009    

Experts each reveal 3 things needed to spark turnaround (Reno Gazette-Journal)
A year of recession has past, and a highly uncertain year awaits for Northern Nevada and the nation.
01/05/2009    

Even Nevada sees drop in gambling revenue (UPI)
MESQUITE, Nev., Jan. 3 (UPI) -- Residents of Mesquite, Nev., say their city's health thrived and then died as the U.S. economy stalled and gambling revenues disappeared.
01/03/2009    

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