The Siegel Group and Tippins Holdings Complete Acquisition of Las Vegas Boulevard Property

LAS VEGAS (BusinessWire EON) August 28, 2007 -- Located in the heart of downtown, the Fremont East District sits adjacent to the Fremont Street Experience, which was visited by 18.7 million people last year. The City of Las Vegas in conjunction with local businesses is aggressively revitalizing the downtown area and just recently celebrated the completion of a $5.5 million streetscaping effort. "This is an incredible redevelopment opportunity that will complement our existing Las Vegas portfolio and we are excited to be part of the revitalization efforts that are occurring downtown," explains Siegel, President and Chief Executive Officer of The Siegel Group.

About The Siegel Group, Inc.

The Siegel Group, a Commercial Real Estate & Business Development Company with offices in Studio City, California & Las Vegas, Nevada; is a full-service real estate investment and development company founded by Stephen Siegel with expertise in acquisitions, financing & development, asset management, and leasing and rehabilitation. The Company's Real Estate Division manages the firms' acquisition, disposition, and development of commercial real estate; a portfolio comprised of multi-family and Flexible-Stay units, commercial shopping centers, office buildings, and hotel developments. For more information on The Siegel Group and its affiliates, visit the Company's website at www.siegelcompanies.com.

About Tippins Holdings

Tippins Holdings, a Commercial Real Estate Investment Company founded by John U. Tippins IV, owns a variety of product-types including apartments, hotels, casinos, retail, office, land and bars throughout Nevada, Colorado, and Arizona. Tippins is also the owner and Broker of Northcap Commercial, a commercial brokerage company that has completed hundreds of millions of dollars a year in transactions during the last three years.