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Latest Business News

Trumps Battle in Vegas Real-Estate Market

Friday, July 08, 2005 2:34:08 PM

NEW YORK (AP) - Real estate mogul Donald Trump is going head-to-head with one of his ex-wives — this time in the real-estate arena. Trump and ex-wife Ivana have both jumped into the volatile Las Vegas market, where each is building competing luxury condominium projects.

The success or failure of the dueling developments may be the latest test of whether the turbulent Las Vegas market, which saw prices plummet during a pricing debacle last fall, is back on track.

Some Las Vegas condo projects, such as former NBA superstar Michael Jordan's planned development, have been scrapped before the shovel even touched the ground.


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