Las Vegas Hilton partner spends $940K for 3BD in Spring Valley

Nicholas L. Ribis bought a three-bedroom, 3.5 bath at 7929 Bermuda Dunes Avenue in Spring Valley from Ezeme, LLC for $940,000 on Jan. 10, 2006.

The 2,692 square foot house, which was built in 1989, is located in the Links at Spanish Trail subdivision.

Mr. Ribis is a partner, vice chairman and CEO of Resorts International Holdings LLC, which owns gaming/hotel properties such as the Las Vegas Hilton, the Atlantic City Hilton and Resorts Tunica.

He joined the gaming industry in the 1980s, having worked as Donald Trump's attorney and later as an advertising executive. He also served as president and CEO of Trump Hotels & Casino Resorts, Inc. in the early 90s.

Ribis also served on the board of the New Jersey Casino Reinvestment and Development Authority after serving as chairman of the New Jersey Casino Association from 1993-1995.

Home sales in Spring Valley dropped almost 29 percent in 2007 versus sales in 2006. The median sales price also fell from $277,000 to $260,000.

Address: 7929 Bermuda Dunes Avenue
Buyer(s): Ezeme Llc
Seller(s): Jean Haden (Living Trust) and Jean Haden (Trustee)
Sale date: Apr. 14, 2005