A Las Vegas-based developer just bought back several downtown Reno parcels that were previously planned to be developed into a boutique hotel after losing them in bankruptcy earlier this year.

CAI investments reacquired five parcels on Court Street for $14 million on Dec. 9, according to Washoe County records. The purchase occurred less than a year after the developer lost the properties when they were sold for $1 million in a foreclosure sale .

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