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Times Like These

2009_11_samnaz.jpgThe Wall Street Journal pens a profile on nightclub/hotel mogul Sam Nazarian, and just how much the down economy has affected the current and future projects of his company, SBE Entertainment. He's downsized his corporate staff in half and cut most of his development team, while he's delayed hotel renovations in Miami, Vegas and LA (including his $300 million '07 purchase of the Sahara), and is "locked in negotiations" to revise loans for his Beverly Hills and Vegas properties. [WSJ]