las vegas condos: Real Estate Investments for those in the Horse Racing Industry? Here's the Resource - 02/18/10 02:01 PM
Two days ago, we published www.HorseRacingLuxuryRealEstate.com on behalf of a colleague of ours named Allan Herman. Allan's a big horseracing fan and has been specializing in luxury real estate in Las Vegas for quite some time now. The website allows him to combine two of his biggest passions: the horse racing industry and luxury real estate.
Besides what you'd normally expect to see at a typical real estate website, we've implemented a LIVE Broadcast capability where Allan will be hosting weekly live streaming video sessions talking about not only what's been going on in the horseracing industry, but what's new in … (1 comments)
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las vegas condos: Las Vegas Project CityCenter Making News With Grand Opening This Week - But Many Questions Remain - 11/30/09 05:58 PM
Bet you're wondering why I don't update this blog very often any more, right? Well, the truth is there really isn't any good news arising from the Las Vegas high rise condo market these days. That's about to come to an end however now that MGM Grand's Project CityCenter will be opening its doors this week to a long awaited and skeptical crowd.In fact, there's a very interesting article in yesterday's Las Vegas Review Journal that goes over City Center in great detail which anyone interested in the high rise market should read. For the most part, the article portrays a … (3 comments)
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las vegas condos: Article on Las Vegas High Rise Condos Says It Best - Maybe - 08/04/09 01:24 PM
The Las Vegas Review Journal recently published an article regarding the status of the high rise condo market here in Las Vegas. You can read the article here.I've heard all the jokes: What does the Las Vegas high rise market and Michael Jackson have in common? - they're both dead. And other jokes along those lines. What are your feelings regarding Las Vegas real estate today on August 4th, 2009? Is there any hope?I was wondering if you could take time out of your day, read the article, then "Tweet" any comments you may have on my newly created Twitter account. … (0 comments)
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las vegas condos: When you see "Short Sale", Move On ... - 05/07/09 03:08 PM
Whether you're looking to purchase a Las Vegas high rise condo, or just any type of Las Vegas property, save yourself some time and pass on the "Short Sale" deal. Short Sales are sexy... they're alluring.. and they're a total waste of time. Most buyers will see "short sale" and put in a low-ball offer to see what happens. Well, what happens is the bank sees tons of these offers, and they don't like any of them. So they counter with "highest and best". Then they'll take what they consider the best offer and wait under the guise of determining whether … (1 comments)
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las vegas condos: Good News and/or Bad News Regarding the Las Vegas Real Estate Market - 04/24/09 12:41 PM
According to an article published in yesterday's Las Vegas Review Journal, real estate prices in the Las Vegas Valley are now at 2001 levels. That's the good news AND the bad news in one sentence depending on how you look at it. But wait: there's even MORE good news and bad news in the same sentence because the Review Journal today just published another article saying it's possible the median value of homes in Las Vegas could now drop to $100,000.I guess it would depend on whether you were a buyer or a seller to determine if this is good news … (1 comments)
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las vegas condos: Marketing Company Inks Sweetheart Deal from LVCVA - Especially Without Any Competition - 04/15/09 02:42 PM
The Las Vegas Convention and Visitors Authority just approved a new three-year advertising and marketing deal with R&R Partners, creators of the "What happens here, stays here" advertising slogan.Now I will give you that "What happens here, stays here" is probably one of the most successful marketing campaigns in the history of advertising, but I'm a little confused that R&R Partners won the contract without an open bidding process. We're talking $400 million dollars in spending by the authority over the past 5 years. Shouldn't other agencies at least have a shot at that kind of prize, especially since every other … (0 comments)
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las vegas condos: Turnberry Tower hands off Ownership Key to Prudential Financial - 04/07/09 04:37 PM
In a move that may signify an emerging trend in the Las Vegas high rise condo marketplace, Prudential Financial now controls the Turnberry Towers high rise project after buying its outstanding debt from their lenders. While Turnberry Associates is still in the picture, Prudential has bought the undisclosed amount of debt from Bank of America and as such, Prudential is now the partner that'll make all the decisions.This move effects mainly the west tower, recently completed last year, yet struggling mightily to sell units, as almost 50% remain unsold while a significant number that have closed remain vacant. In this recessionary … (0 comments)
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las vegas condos: Everyone's To Blame for Failure of Las Vegas ManhattanWest Condo Project - 03/10/09 03:15 PM
What happens when you let a software engineer develop a high profile Las Vegas condo project? You end up with a non-completed mid-rise eyesore where the developer faces more than $30 million dollars in liens attached to his Las Vegas condo development. Now developer and former computer dot-commer Alex Edelstein says he's looking for investors to help him finish the job. His lien holders, however, say he's no where to be found and won't return phone calls. There's nothing worse than a developer who doesn't know how to develop and that seems to be the case with the ManhattanWest project.But Edelstein … (0 comments)
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las vegas condos: Competition Non-Existant at the 2009 REMAX Convention for Las Vegas Real Estate and High Rise Condos - 03/05/09 03:05 PM
To put it mildly, I'm simply amazed! I know times are tough and all - and many real estate companies are struggling just to stay in business. But how amazing is it that our office is the ONLY Las Vegas real estate brokerage exhibiting at this year's REMAX Internation Convention? And for those of you who aren't aware, the conference is actually being held... IN LAS VEGAS!!! It's not like other offices had to even travel to get here. Like I said, I'm just amazed. Not disappointed, mind you, because although attendance at this year's event is noticeably down, the people … (0 comments)
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las vegas condos: Video Showcases Las Vegas Luxury High Rise Living in Park Towers and More - 02/13/09 02:58 PM
We just created a video last night with a very strong agent in my office, Robert Sibulkin, which was shot at Park Towers, an extremely exclusive high rise located at the Howard Hughes Business Center.The unit is on the market for just over $3 million dollars. Just watch the video with the great Las Vegas Strip views in the background and you'll get an idea what Las Vegas high rise living is all about!View the video hereAre you ready to reap the benefits of all your hard work and start living the Las Vegas high rise lifestyle in complete and total … (2 comments)
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las vegas condos: January Indices Illustrate Tough Times Still Ahead for Las Vegas High Rise Condo Market and Las Vegas Real Estate in General - 02/03/09 09:18 PM
The Center for Business and Economic Research at UNLV has just released their January Indices and - as you probably would guess - the numbers are not good. Summarizing the Southern Nevada Index of Leading Economic Indicators:"The Index of Leading Indicators continues to decline. Not since the aftermath of 9/11 has there been as sharp as this one-month decline. The fall out of the September failure of Lehman Brothers continues to show across the U.S., including Nevada, which some once thought was immune to such national economic events. It is highly likely that we may see a few more months of … (1 comments)
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las vegas condos: Elvis, Liberace, and the Condo Hotel Concept are all Dead in Las Vegas as High Rise Rentals Quickly Becoming New Trend - 01/29/09 02:03 PM
High rise condo hotel developers are painfully finding out what the whole Las Vegas high rise market knows already: the condo hotel concept is dead in this town right now. Between what prices for these units began at and the tightening of the credit markets which make financing them almost an impossible task, high rise condo hotel developers need to start thinking out-of-the-box to avoid having their towers sit empty for a long, long time. As such, some (such as Trump) are beginning to rent their unsellable units instead, which is a pretty smart move rather than have to admit the … (1 comments)
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las vegas condos: Las Vegas High Rise Condo Fire Sale - Must Sell. Gorgeous Units Right Off the Strip - 01/27/09 09:54 PM
For those of you high rise condo buyers who've sat on the sidelines all this time, your ship has come in. We now have access to - approved directly by the developer - high rise condo bargains one block off the Las Vegas Strip available to you right now at over 50% OFF the original price. These units have never been lived in before, are drop dead gorgeous, and are ready for immediate move-in and purchase. Here's the types of Vegas high rise condo bargains you can take advantage of right now (which are available at the crazy price of approximately … (1 comments)
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las vegas condos: Good News and Bad News Regarding the Fontainebleau Las Vegas High Rise Condo Hotel Project - 12/17/08 06:55 PM
Here's the good news regarding the Fontainebleau high rise condo project: their preview center opened last week and officials for the $2.9 billion mixed-use development say their 3,815-room project is on schedule and will be ready to open in less than a year. That's pretty good news, if you can believe it.Here's the problem: according to an article published today in the Las Vegas Review Journal, the project officials have not made themselves available for interviews and are issuing these rosy statements via company spokespeople. That's not good. Something's up with that, I think - and that's the bad news. After … (0 comments)
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las vegas condos: The Las Vegas Real Estate Market: Everyone's Guessing - 11/12/08 01:12 PM
Did you know that Las Vegas real estate was "in the toilet", according to last month's Crystal Ball housing outlook?"The truth as I see it today is that the real estate market in Las Vegas is in the toilet," said Larry Murphy, president of real estate research firm SalesTraq. "And the sad probability is that it will stay in the toilet a while longer."My response to all the experts: Ever tour some of the new homes in Vegas? - They have some pretty nice bathrooms! Fast forward a few weeks and you have today's report that foreclosure filings have dropped to … (0 comments)
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las vegas condos: Think you can close on that Las Vegas High Rise Condo? Not So Fast... - 10/14/08 05:24 PM
It doesn't matter how rich you are these days - securing a mortagage for a Las Vegas high rise condo is getting harder and harder, even for those with no credit issues. For example according to a report by Duestch bank, closings at Trump are now at a horrendous 21%, while Palms Place is reporting closing at a 57% clip. And why? Lenders are now asking for 50 percent down on their high rise condo deals, and that option's only available for those with excellent credit to begin with. With interest rates on 30-year fixed on a condo-hotel going as high … (0 comments)
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las vegas condos: Planet Hollywood Towers Offers First Las Vegas High Rise Condo Fractional Ownership Opportunity - 10/07/08 05:09 PM
I knew it was going to happen. I knew it 2 years ago when I bought this website domain. I just didn't know if would take this long.Leave it to Planet Hollywood to partner with Westgate Resorts to offer the first Las Vegas high rise condo opportunity packaged as condo fractional ownership. And folks, believe me - if you've never heard of condo fractional ownership, you most certainly will in the very near future as it's the ONLY way high rise condo purchasers can buy units with the intent on cash flowing.
A high rise condo in Las Vegas positioned as … (0 comments)
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las vegas condos: Good News? Boyd Gaming Reaches Agreement to Build on Stalled Echelon Project - 09/26/08 03:57 PM
Boyd gaming has reworked an agreement they made with Morgans Hotel Group which in effect makes it entirely possible we'll see movement with the $4.8 billion dollar development.The deadline to obtain construction financing has now been extended through 2009 and Boyd Gaming will now return a $30 million dollar deposit plus interest. The result is Morgans having sole control over the use of all brands associated with the development.Too bad it's not that easy for your everyday, typical, high rise condo purchasers to have their deposits refunded for the units they now longer wish to close on."Well, you see at the … (0 comments)
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las vegas condos: See ya, CityCenter! St. Regis Residences to Open in Las Vegas - Newest High Rise Condo Project To Provide The Ultimate in Luxury - 09/09/08 01:07 PM
When the Las Vegas Sands teams up with Starwood Hotel & Resorts, amazing things happen. Case in point: in a joint venture between the two, the world renowned St. Regis brand is now set to enter the Las Vegas high rise condo marketplace with 398 private luxury residences currently under construction between the Las Vegas Sands' Palazzo and Venetian resorts located right on the famed Las Vegas Strip.This news brings this project to the forefront for all discerning high rise condo buyers searching for the ultimate in luxury, world-class amenities, and high rise life. Suffice to say, the St. Regis name … (0 comments)
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las vegas condos: Las Vegas Cosmopolitan High Rise Condo Hotel Buyers Not In Limbo Any Longer - 09/09/08 12:20 PM
Las Vegas has already seen it's share of high rise condo projects that have come and gone. But none have had the staying power of controversy that's been associated with the Cosmopolitan project. One day it's dead. The next day it's back on. The owners change, the financing comes and goes, the rumors persist that someone will step in and build it to completion, then the project's dead again.No question condo unit buyers in this building have every right to feel like they're riding a very expensive roller coaster ride.However, the latest news on this project is actually quite good as … (0 comments)
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