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Business

For Las Vegas business news covering casinos, energy, housing, entrepreneurs and more turn to the Las Vegas Review-Journal.

THE LATEST Business NEWS
IN BRIEF

NV Energy lawsuit may yield refund for valley customers

Foreclosure filings fall in November

WASHINGTON — Nevada still has the highest foreclosure rate within the U.S., but Las Vegas is no longer No. 1 among cities, a report being released today shows.

Gaming revenue tight in 2008

American Indian casinos suffered a similar fate as their counterparts in Las Vegas during 2008 — the recession played havoc with gaming revenues.

Good luck with all that luxe

To fully comprehend all the challenges facing CityCenter’s Crystals luxury center, you probably don’t have to look any further than at what has happened to one of the retail and entertainment center’s anchor tenants. … Jewelry retailer Tiffany & Co., which opened its flagship store at Crystals on Dec. 3, recently reported store traffic at its U.S. stores was down and retail sales fell 9 percent in the third quarter.

Condo project lending a hand

CityCenter has brought in a national mortgage company, managed by the former head of defunct and tarnished Countrywide Financial, to provide financing for buyers purchasing the development’s 2,400 high-rise condominiums.

Buyers chasing homes in Las Vegas as prices continue falling

Las Vegas housing prices remained flat in November, while single-family home sales went into their seasonal slump at 3,117 closings, up 42.8 percent from the same month a year ago, the Greater Las Vegas Association of Realtors reported Tuesday.

IN BRIEF

CHICAGO

Why not meet at CityCenter?

When the Stardust closed in November 2006, it took a big piece of the locals meeting market with it.

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