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The Lave Gallery, Las Vegas’s first drop-off cleaner for exclusive shoes, opened in November. (Madelyn Reese/View News)
Developer Chris Beavor holds a ceremonial groundbreaking ceremony for a mixed-use project next to Palms at 3883 Flamingo Road in Las Vegas. (Bizuayehu Tesfaye/Las Vegas Review-Journal)
The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the ‘verge of bankruptcy,’ according to a lawsuit. The lawsuit was filed in Los Angeles County by 60 Chinese nationals who lent money to the project in exchange for citizenship. The investors lent roughly $400 million and each investor paid $45,000 in administration fees. The plaintiffs are seeking $255 million in damages plus attorney fees and other costs. The plaintiff’s investment is at risk of being completely wiped out and some plaintiffs will not be able to get their permanent green cards.
Christopher Thornberg from Beacon Economics discusses the impact of the pending federal tax bill. Read more at reviewjournal.com (Nicole Raz/Las Vegas Review-Journal)
10 retailers that have filed for bankruptcy in 2017 Toys “R” Us The Limited Wet Seal BCBG Max Azria Hhgregg RadioShack Payless ShoeSource Rue21 True Religion Apparel Alfred Angelo
Buck Wargo interviews Mason Vanhouweling, the CEO of University Medical Center.
Buck Wargo interviews Rhonda Allen, a fine homes specialist with Shapiro & Sher Group at BHHS, has assisted 17 players and staff and counting with about two-thirds of those involving home purchases — including some that are multimillion-dollar acquisitions — and the others that were rentals. Many home purchases were for $750,000 and above.