Las Vegas isn't immune to crunch, as evidenced by filing

06/23/2008 | Commercial Property Executive

Plise Development & Construction's Chapter 11 bankruptcy filing buys the company time to refinance $180 million in debt. The company is building City Crossing, a 125-acre, $2 billion mixed-use project two miles south of Las Vegas. Its filing signaling that the credit crunch is having an impact even in the red hot Las Vegas market.

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