Investment banker spends $571,160 in Palms Place

Viney Singal bought a one-bedroom, one bath condo at 4381 Flamingo Road in Paradise from TAS Properties for $571,160 on April 14.

The 615 square foot Unit #1220 is in the Palms Place at The Palms development.

Mr. Singal is the founder and has worked as a managing director at Silver Pacific Advisors, a boutique investment bank headquartered in Las Vegas.

Prior to forming Silver Pacific Advisors, Singal worked as senior vice president in Lehman Brother's financial sponsors group. Previously, he was vice president for the Investment Banking Division of Bear Stearns.

He also served as a consultant to Las Vegas-headquartered WorldDoc, which provides health management systems.

He received his B.S. in finance in 1992 from the University of Southern California.

Condo sales in Paradise dropped 32 percent in 2007 versus sales in 2006. The median sales price increased though from $375,000 to $512,000.

Palms Place houses 599 units in its 47 stories and was constructed in 2007.

Address: 4381 Flamingo Road, Unit: 1220
Buyer(s): Viney Singal
Seller(s): Palms Place Llc
Sale date: Apr. 14, 2008

Blockshopper green logo