Optimism emerging in Las Vegas as capital begins to flow back into our market. In the last week we’ve seen a bidding war erupt for General Growth Properties, a real estate development company with very large land holdings here in Las Vegas, commercial developments and five shopping malls located in and around Las Vegas.
Just announced this week, several large Wall St. Firms are extending a large amount of funds to MGM Mirage to offset its ongoing expenses and to help it sustain and grow operations.
We believe these small signs underscore the overall value in Las Vegas as a business entity and our Commercial and Residential Real Estate Markets.
