tag:blogger.com,1999:blog-33255068.post3616060404993452916..comments2023-11-02T05:18:21.296-07:00Comments on Bakersfield Bubble: Commercial property problems growing.Bakersfield Bubblehttp://www.blogger.com/profile/12663275045022347451noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-33255068.post-1194148039551482012008-01-21T16:31:00.000-08:002008-01-21T16:31:00.000-08:00As a followup, this is a 3 billion dollar project ...As a followup, this is a 3 billion dollar project next to the Bellagio. It broke ground in 2005 and is about 1/2 way done. The day after the notice of default was filed on the $760 million loan Deutsche Bank and the general contractor (Perini) entered into an agreement to continue uninterupted construction on the project. There is a lot of speculation that MGM Grand will wind up buying it since it sits between the Bellagio and their massive City Center project.DocGhttps://www.blogger.com/profile/10916042289449799129noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-54688955906588252292008-01-18T07:45:00.000-08:002008-01-18T07:45:00.000-08:00Not sure if I agree - Vegas numbers were out for N...Not sure if I agree - Vegas numbers were out for November and they are horrible:<BR/><BR/>Down almost 20% YOY on the strip<BR/><BR/>http://www.wedoitallvegas.com/Articles/articles/1341/1/Las-Vegas-gambling-revenues-drop-in-November-2007/Page1.html<BR/><BR/>Also, the stocks of Wynn and MGM are down 50% from their highs...Bakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-22307580845960427432008-01-18T07:11:00.000-08:002008-01-18T07:11:00.000-08:00The evaporation of easy money to smaller, private ...The evaporation of easy money to smaller, private developers is actually good news for the big corporate casinos. Not that they were that worried about condo-hotels to begin with.az mlshttps://www.blogger.com/profile/00198846476850123492noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-79578559868307089652008-01-17T22:03:00.000-08:002008-01-17T22:03:00.000-08:00Also noticed hits from the Federal Reserve on here...Also noticed hits from the Federal Reserve on here - what are you guys looking for? LMAO!!!Bakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-61141502954872398952008-01-17T22:02:00.000-08:002008-01-17T22:02:00.000-08:00I noticed that. I ignore BS when I read it. When a...I noticed that. I ignore BS when I read it. When a company (Suncal) defaults on a loan to Lennar and then lets a project slow to a crawl (stop as you correctly point ed out WAY BEFORE anyone else)...I think they are just trying to save face. <BR/><BR/>I saw several hits from them on this blog...they must be really bored if they are coming here. :)Bakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-31183014872946521362008-01-17T21:12:00.000-08:002008-01-17T21:12:00.000-08:00You have reached the end of the internet. Have a n...You have reached the end of the internet. Have a nice day ;)<BR/><BR/>what no comment about the "things are fine" McAllister Ranch article in the paper? sorry I'm gloating.hankmeisterhttps://www.blogger.com/profile/10861974954302854755noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-15670311617472581342008-01-17T16:25:00.000-08:002008-01-17T16:25:00.000-08:00LMFAO!!!!!LMFAO!!!!!Bakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-24151186004518977922008-01-17T16:07:00.000-08:002008-01-17T16:07:00.000-08:00I just hope this crap doesn't get so bad that they...I just hope this crap doesn't get so bad that they have to foreclose on the Internet and shut it down...then I'd really be mad.WaitingToBuyhttps://www.blogger.com/profile/12690998933095461105noreply@blogger.com