Deal Averts Las Vegas Hard Rock Foreclosure Auction
From Las Vegas Sun:
Auction Was Scheduled For This Morning
A group of lenders seeking to foreclose on their collateral in the financially troubled Hard Rock Hotel in Las Vegas have reached an agreement with the hotel-casino, canceling a public foreclosure auction that had been scheduled for Tuesday. The parties negotiated the agreement over the weekend and finalized it this morning, according to Jeff Silver, an attorney representing the lender, NorthStar Realty Finance Corp. Click here for the full story.
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