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Las Vegas Sun

Basketball team owner takes $1 million hit in Strip condo sale

March 20, 2013

Golden State Warriors owner Joe Lacob sold his luxury condo on the Strip to a local casino executive ? and took a loss of more than $1 million on the deal. Lacob, who bought the 3,000-square-foot unit in the Mandarin Oriental three years ago for $3.3 million, sold the condo last month to Las Vegas Sands Corp. Chief Financial Officer Kenneth J. Kay for $2.1 million, Clark County property records show.

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