O que a posição do Casino Cosmopolitan do recurso significa a um foreclosure possível.
Afixado pelo grupo de Luxo Realty - janeiro 17o, 2008
Categorias: Condos elevados da ascensão
Deutsche Bank começou o processo do foreclosure no Casino Cosmopolitan do recurso em Las Vegas janeiro em 15o, 2008. Mas isto significa o projeto doomed?
Muitos sentem que o Casino Cosmopolitan do recurso tem a mais melhor posição na tira de Las Vegas até à data de 2008. Por que? Porque se senta diretamente ao lado dos $7.8 bilhões MGM MIRAGE CityCenter e se caracteriza também mortos em vistas da fonte da água de Bellagio. Se você pudesse nomear uma posição melhor para se sentar para fora em um balcão no corredor do recurso eu amaria ouvi-lo. É muito importante nós realiza como crucial de uma parte de terra este é e como aquele poderia impactar sua construção.
É minha opinião que somente Torre luxuosa do condo de Palazzo tem uma oportunidade melhor para condomínios com as vistas da tira de Las Vegas que vão para a frente. Por que? Porque se senta diretamente na tira e se tem a orientação agradável para o norte e vistas sul. É vistas nortes olha para o futuro o hotel, o Echelon, o Wynn, o Encore e o mais da plaza. É vistas sul olhará abaixo a tira para o palácio de Caesars, o console do tesouro, o Cosmo e o mais. Seu frontage está somente pés da tira. Que sobre O hotel de Harmon você pede? Naturalmente, a posição do hotel de Harmon é awesome. Mas suas vistas da mostra da água de Bellagio são obstruídas pela torre do clube da praia de Cosmo para a maioria de divisória.
O escritório dos assessores do condado de Clark anunciou recentemente que a terra em áreas do NÚCLEO de bulevar de Las Vegas apreciou até 99% em 2007. Contate-me aqui and I’ll send you the PDF of Brian Wargo’s article which announced the assessor’s office reassessment statistics.
While the Deutsche Bank situation is on a commercial level, we all know that condo hotel financing for owners has been hit very hard by the mortgage meltdown. Trump International has been hit with bad press in early 2008 in regards to this very matter. Yet still, I’m getting what I would call a decent amount of interest from potential buyers for Palms Place and Signature at the MGM Grand. Call it what you want, buyers are still looking for good bargains. Could the “Perfect Storm” be brewing in Sin City?
REALITY CHECK. Very few pieces of dirt or “implodable casinos” remain. The Cosmopolitan, along with it’s direct Strip location is as good as it gets as of today for a property located on Las Vegas Boulevard. How much do you think it’s land is worth? Well, if Sky Las Vegas’ dirt went up in value 800% in just four years, and CityCenter’s dirt was just appraised at roughly $40 million an acre, some could say Cosmo’s land might be worth $50 million an acre. This development was to be the most dense of all Strip properties.
The Cosmopolitan Resort Casino is 84% sold out and offers fully furnished, turn key, condotel units which can be thrown into a nightly owners rental program. It is scheduled to be managed by the Grand Hyatt, if all goes according to plan. Who knows what impact a potential investor will have on the Grand Hyatt…along with retail, restaurants, spas, convention space etc.
With over a billion dollars worth of condo sales to date and continuing strong interest from buyers, Bruce Eichner has one of the best pieces of real estate on the fabulous Las Vegas Strip.
Aaron Auxier, REALTOR® can be reached at 702-205-1818.
Luxury Realty Group is recognized by the press as a leading brokerage on the Strip. They can be seen on networks and in publications such as CNBC, Forbes Magazine, Details, LV Business Press, Wall Street Journal, The Review Journal, Los Angeles Times and USA Today.
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Copyright © 2008 Aaron Auxier. All Rights Reserved.
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All information in this blog is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive. See DISCLAIMER.
Copyright © 2008 Luxury Realty Group LLC. All rights reserved.