July 3, 2013
A formerly mothballed real estate development near the Strip has sold for $117 million. Wyndham Worldwide Corp. last week sold its partially-completed Desert Blue high-rise on Twain Avenue just west of Interstate 15 to clients of global investment manager Guggenheim Partners. The new owners plan to finish construction on the timeshare building over the next 12 to 18 months and keep the Wyndham brand, Guggenheim spokesman Thomas Mulligan said.
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