McKool Smith of Dallas – Lake Las Vegas

by Oct 4, 2024Expert Testimony

McKool Smith of Dallas – Lake Las Vegas

by | Oct 4, 2024 | Expert Testimony

Services: Retroactive Market Analyses/ Appraisal/ Expert Testimony Location: Las Vegas, Nevada Lake Las Vegas is a large master planned community in Henderson, Nevada. The community was planned for three golf courses, casinos, hotels and a variety of home types. The developer created a master plan that was not supported in the marketplace, but the developer obtained a $500,000,000 loan and dispersed the funds, leaving the project insolvent. The law firm of McKool Smith of Dallas, retained THK Associates, Inc. to prepare retroactive market analyses and appraisals for all the land uses, private and public golf courses, significant resort/residential uses, hotel, and retail commercial uses, to demonstrate the lack of market support and overvaluation of the community by their appraisers. Depositions were given and the case settled before trial. THK’s market feasibility and appraisal resulted in a very substantial settlement for the client.

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