Local Economy

Feb. 13, 2012

LAS VEGAS NOT BENEFITING FROM BANKS CASH OFFERS

NUMBERS IN LAS VEGAS DON'T SUPPORT THE BANKS EFFORTS OF OFFERING CASH PAYMENTS FOR SHORT SALES IN OTHER STATES

Local LAS VEGAS REALTORs ASKS --
"Why is it that 48 percent of home sales are foreclosures and only 26 percent are short sales? "

"It's funny that they put this out …

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Feb. 12, 2012

SOME BANKS ARE OFFERING CASH INCENTIVES TO ENCOURAGE SHORT SALES

SOME BANKS ARE OFFERING CASH INCENTIVES TO ENCOURAGE SHORT SALES

Banks, accelerating efforts to move troubled mortgages off their books, are offering about $35,000 in cash to
delinquent homeowners to sell their properties for less than they owe.

Lenders have routinely blocked or delayed such transactions known as short …

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Feb. 10, 2012

LAS VEGAS - SILICON VALLEY IN THE DESERT?

LAS VEGAS - TECH PRESENCE IN THE DESERT?

Las Vegas has a long way to go before it's tech industry reaches a critical mass. It lacks the
Stanford-size intellectual push that helped Silicon Valley become the hub it is today.

But Las Vegas may be able to carve a niche …

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Feb. 9, 2012

3 MORE STATES JOIN A NATIONWIDE SETTLEMENT OVER FORECLOSURE ABUSES

3 MORE STATES JOIN A NATIONWIDE SETTLEMENT OVER FORECLOSURE ABUSES

Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis will join a nationwide
settlement, joining some 40 other states in a deal that will benefit many Americans who lost homes or can't
afford their …

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Feb. 8, 2012

ZAPPOS INVESTS $500,000 IN NEW STARTUP APP MAKER IN LAS VEGAS

ZAPPOS INVESTS $500,000 IN NEW STARTUP APP MAKER IN LAS VEGAS

The developers behind iphone app Rumgr confirmed they have receivedan angel investment from Zappos.com CEO Tony Hsieh which will allow Rumgr to operate for one year and to hire 2 employees including an Android developer.

It's too …

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Feb. 7, 2012

LAS VEGAS 2012 SPRING MAJOR TRADE SHOWS

LAS VEGAS 2012 SPRING MAJOR TRADE SHOWS

The International Consumers show - CES - drew more than 140,000 attendees for what will
be the largest show of the year started off the 2012 spring.

The top shows by attendance in the first
quarter are --

* The Shooting, Hunting and Outdoor trade show …

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Feb. 7, 2012

2012 A BANNER YEAR FOR LAS VEGAS MEETINGS, TRADE SHOWS AND CONVENTIONS

Meeting attendance is close to pre-2008 level.

"We're seeing increasing strength in the meetings and convention sectors,
said Alan Feldman, a spokesman for MGM Resorts International, which hosts large
trade shows at the Mandalay Bay Convention Center and smaller gatherings at the Aria,
MGM Grand, Bellagio and Mirage.

"Not …

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Feb. 4, 2012

LAS VEGAS HOME PRICES PROJECTED DROP NEXT 6 MONTHS

LAS VEGAS HOME PRICES EXPECTED TO KEEP DROPPING FOR THE NEXT 6 MONTHS AND RECOVERY WON'T COME UNTIL BANKS INCREASE FORECLOSURES

According to housing analyst Dennis Smith in his annual housing report.

"2012 in my opinion is going to be the most interesting year yet because of the governments intervention trying …

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Feb. 3, 2012

IT'S OFFICIAL ZAPPOS MOVING DOWNTOWN LAS VEGAS

DEAL FINALLY CLOSED TO BRING ZAPPOS TO DOWNTOWN LAS VEGAS

The City Council voted unanimously on three motions to allow a developer to
buy the old City Hall for Zappos to renovate and import as many as 2,000 workers.

Zappos moved from San Francisco to Henderson and originally employed …

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Feb. 2, 2012

CAESAR'S PROJECT LINQ SET FOR 2013 COMPLETION

STRIP ATTRACTION WILL INCLUDE 550 FOOT OBSERVATION WHEEL AND 200,000 SQUARE FEET OF RETAIL AND ENTERTAINMENT SPACE

Caesars Entertainment Corp's 550 million dollar Linq project between the Flamingo and Imperial Palace is a pedestrian shopping, dining and entertainment venue that will include a 550 foot tall observation wheel.

To make …

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