Bad news for Las Vegas: one luxury condo will never get the “celebrity bump” expected from once having been a home to Hulk Hogan or his estranged wife, Linda Bollea.

Vegas has already had enough bad real estate news. Foreclosures are everywhere. There is an eight-month inventory of existing homes. Some 60 percent of the homes sold in July were owned by banks.

Into this scene came the brawling Hogans. When things were going better for the couple, and for Las Vegas, they had made a 20 percent down payment on a $4.2 million penthouse in a boutique condo hotel known as the Palms Place. In other words, before the building was completed, they put down $840,000 as a deposit to butt into a building that was being touted as a Vegas home to “hot young celebrities” like Eminem and Jessica Simpson — adding Hulk Hogan to that might seem to some people like a nightmare list of neighbors, rather than an incentive to buy. But this is Vegas, baby, Vegas.

Then the Hogan/Bolleas filed for divorce. Hulk Hogan wanted to get out of the Vegas condo rather than come up with the remaining $3.36 million. (They already had two homes in Florida.) Linda Bollea, on the other hand, wanted to go ahead.

The boring part: two courts, one in Florida, one in Nevada. Blah blah blah. One said they should go ahead, one said not.

The knockout blow: Hulk finally won. So no Vegas condo.

But it’s not like the Hogan/Bolleas will be getting the $840,000 back. Instead the Palms Place is keeping $640,000 as “liquidated damages.” Or in colloquial terms, “the price of changing your mind.”

That’s pretty much the standard in real estate deals gone bad. If there is no fault on the seller’s part, the buyer loses the down payment.

And, just as in divorce, the only people who seem to make money are the teams of lawyers.