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November 28, 2006 Vegas Grand developer settles lawsuit. Del American to pay 2.5 percent of gross sales to 638 reservation holders. The developer of Vegas Grand luxury condominium project has been ordered to pay 2.5 percent of gross sales proceeds into a common fund as part of a class action lawsuit settlement, the plaintiffs' attorneys said Monday... |
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June 1, 2005 High-rise condos are one of the hottest parts of the real estate market in Las Vegas . A lot of people have bought in. But some are finding that what they thought was an agreement to purchase is not. Bruce Curcio said, "I signed what I believed to be the purchase price in the purchase agreement." When Bruce Curcio signed on the dotted line for a new condo at Vegas Grand, he thought he was signing a contract. But now he and several other hundred people are part of a class action lawsuit against the developer.
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A midrise luxury condo project is seeing its legal headaches get bigger. Saving You Money's Jim Snyder told you about the Vegas Grand, still under construction at Flamingo and Swenson, facing two class action lawsuits. |
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Las Vegas law firm Marquis & Aurbach has joined a class-action lawsuit against the Florida-based developer of the Vegas Grand luxury condominium project at Flamingo Road and Swenson Street , an attorney for the firm said Friday. Craig Anderson said his firm filed a first amended complaint to the lawsuit brought last week by Las Vegas attorney George West after buyers were notified in a May 11 letter from developer Del American that their reservation agreements had been canceled. They were given the option of purchasing the units at a higher price or getting a refund on their $25,000 deposit. The lawsuit seeks to enforce reservation agreements for individual purchasers. |
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May 22, 2005 |
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May 20, 2005 |
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May 20, 2005 |
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May 20, 2005 |
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| • | May 4, 2005 Condo Developer Raising Prices; Costs of Construction Cited |