Las Vegas Commercial Real Estate

Hypo Real Estate Capital Corp. has closed on a $121.3-million syndication of its construction loan for Sky Las Vegas, a nearly sold-out, 44-story 405-unit residential-over-retail development on Las Vegas Boulevard.

Several other Las Vegas high-rise condo projects that appear to be moving forward include:

Streamline Tower - the developer cleared its pre-sale hurdle and in early May closed on its construction loan.

Soho Lofts - Cherry Development began closing sales for homes in its 120-unit condominium project which is to be the first residential high-rise development in Downtown Las Vegas.

Pinnacle Condominium Resort - secured interim financing to cover the remaining pre-construction costs for the $850-million, 12-acre development.

This entry was posted on Tuesday, June 27th, 2006 at 10:41 pm and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.