MGM Mirage strip deal closed

18 May 2007

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Colliers International-Las Vegas brokers Michael Mixer and Alexander Rodrigo represented the MGM Mirage in the purchase of approximately 33.5 acres of land on the Las Vegas "Strip". The $576 million dollar transaction represents the largest land transaction on Las Vegas Boulevard.

This acquisition is significant considering its prime location and the scarcity of remaining vacant parcels of this size along The Las Vegas Strip. Marking the start of a strategic redevelopment program for Colliers' client, MGM Mirage, this transaction will allow them to further redefine the Las Vegas experience.

Michael Mixer who co-founded the Colliers Las Vegas office in 1993 also, together with Alexander Rodrigo co-founded the Mixed Use Division in 2004 to address the Las Vegas Market's transition to a more urban market. This new division focuses primarily in hotel & casino, urban high-rise, mixed-use, and redevelopment sites in and around the resort corridors commonly referred to as the "Las Vegas Strip". As of 2007 the division has represented over 3 Billion dollars worth of real estate transactions in Las Vegas.

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	MGM Mirage strip deal closed 18 May 2007 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS, Nevada -- (PRESS RELEASE) -- Colliers International-Las Vegas brokers Michael Mixer and Alexander Rodrigo represented the MGM Mirage in the purchase of approximately 33.5 acres of land on the Las Vegas "Strip". The $576 million dollar transaction represents the largest land transaction on Las Vegas Boulevard. This acquisition is significant considering its prime location and the scarcity of remaining vacant parcels of this size along The Las Vegas Strip. Marking the start of a strategic redevelopment program for Colliers' client, MGM Mirage, this transaction will allow them to further redefine the Las Vegas experience. Michael Mixer who co-founded the Colliers Las Vegas office in 1993 also, together with Alexander Rodrigo co-founded the Mixed Use Division in 2004 to address the Las Vegas Market's transition to a more urban market. This new division focuses primarily in hotel & casino, urban high-rise, mixed-use, and redevelopment sites in and around the resort corridors commonly referred to as the "Las Vegas Strip". As of 2007 the division has represented over 3 Billion dollars worth of real estate transactions in Las Vegas.

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MGM Mirage strip deal closed