Archive for May 6th, 2008

Not your average bankruptcy

May 6, 2008

Remember some months back that the Tropicana begged workers to put off actually depositing their paychecks? Having lived through The Great DotCom Boom and subsequent bust, I know that this is a great big, glowing “get out now” red flag for any company’s prospects. The inevitable has happened:  Tropicana Entertainment LLC is declaring Chapter 11 [...]

Posted in Las Vegas Commercial Development, Vegas Economy Comments Off

Two Interesting Items

May 6, 2008

TheStreet.com asks and answers 5 Questions about the Mortgage Crisis. Although you know my opinion regarding the local real estate market*, the question remains whether nationally speaking, we are at or near a bottom. Some people say yes. Some people say no. * Inventory is slowly dropping, sales are slowly increasing, prices may continue to [...]

Posted in General Real Estate, Mortgage and Financing Comments Off