Red Carpet rolled out for Palms Place Grand Opening Party in Las Vegas.
Posted by Luxury Realty Group - June 1st, 2008
George Maloof threw yet another succesful party last night for the Grand Opening of his Palms Place Las Vegas condo and hotel project. As usual, the red carpet rolled out while celebrities came to celebrate. Palms Place is a 599-unit luxury condotel property, meaning unit owners have the option to throw their condominium property into an owners rental program. Units are delivered turn-key, fully furnished. Real Estate Investment? As of late, tightening mortgage industry guidelines have made it difficult for would-be buyers to obtain condotel property financing. Many celebrities and professional athletes are rumoured to have paid cash for their studio, one bedroom, and penthouse floor plans at Palms Place. The news media has had a field day telling the world about the challenged Las Vegas real estate market when in reality, several great things are happening such as the exciting construction progress and record sales at the approx. $9.2-billion MGM’s CityCenter on the Las Vegas Strip. The media was reluctant to share the top-three residential price-per-square-foot records that were recently set when several penthouses sold at The Harmon Hotel, Spa & Residences. See renderings and learn more about the Palms Place Grand Opening in Las Vegas Here About Aaron Auxier Aaron Auxier has earned the nickname “Hollywood’s Connection to Vegas” because of his Los Angeles entertainment background and Las Vegas connections. He is responsible for selling some of the most glamorous penthouse and luxury high-rise condominium properties in the history of Las Vegas. Aaron Auxier can be reached at 702-456-7080 x201 Copyright © 2008 Luxury Realty Group. All Rights Reserved. Disclaimer: All information in this post is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive.Trump Hotel lobby vs. Palms Place lobby (Includes Photos and latest MLS resale listing inventory)
Posted by Luxury Realty Group - March 26th, 2008
Two new Las Vegas high-rise condominium projects have opened, Trump Las Vegas (sophisticated luxury) and Palms Place (edgy cool). These are not residential condo developments such as The Harmon Hotel, Spa & Residences, Veer Towers, Turnberry Place, Sky Las Vegas, or Mandarin Oriental. These are full blown condotel properties, a product which has suffered due to the challenged mortgage industry. Regardless, the projects (combined) add roughly $2 billion worth of new luxury hotels to the city. Inside we compare their lobbies and see some resale inventory off of the MLS.That new Las Vegas high-rise condo smell – Part 1 of 2 – Palms Place (MLS Inventory Update and Pictures)
Posted by Luxury Realty Group - March 18th, 2008
Hey you, United States economy! We’re sick and tired of your doom and gloom. We’ve waited for over two years to peak a glimpse inside Palms Place and Trump International Hotel and Tower. This is Las Vegas’ moment, celebrating the opening of two new and exciting buildings that cost nearly $2 billion to build. And we’re going to enjoy our moment, even if you won’t lend anyone money to buy one.FEB 2008 Update- Latest resale inventory and pricing in Signature at MGM Grand and Sky Las Vegas.
Posted by Luxury Realty Group - February 26th, 2008
Studio units at Signature have dropped as low as $345,000. This is fairly surprising given the successful sales of the Vdara Condo Hotel project at MGM MIRAGE CityCenter. Then again, CityCenter is an $8+ billion mega-resort development. Regardless, 345k at Signature should get the attention of buyers. Sky Las Vegas (the only high-rise condominium tower on the Strip), currently has 70 listings on the market, with one bedrooms as low as $365,000.What the Cosmopolitan Resort Casino’s location means to a possible foreclosure.
Posted by Luxury Realty Group - January 17th, 2008
Deutsche Bank started the foreclosure process on the Cosmopolitan Resort Casino in Las Vegas on January 15th, 2008. But does this mean the project is doomed?Signature at MGM Grand could benefit big from an NBA/NHL arena by AEG. Resale statistics included.
Posted by Luxury Realty Group - January 13th, 2008
As far as Las Vegas condotel developments go, Signature at MGM Grand could end up with a massive location boost very soon. So how could the three towers, which feature fully furnished, turn key residences end up bettering their location so dramatically? A full fledged NBA and NHL arena built by Anschutz Entertainment Group (AEG) sure would help.Palms Place and One Queensridge Place in worlds of their own. Literally.
Posted by Luxury Realty Group - December 31st, 2007
Pick your place…Palms Place or One Queensridge Place. Both high rise projects, very different from each other, have done well, even without having locations on the Las Vegas Strip. What “Magic 3″ components did both of these developments have that guaranteed they would be built?4 Bargain Listings at Vegas Condo Hotel Project
Posted by Luxury Realty Group - March 24th, 2007
Are you looking for deals on hotel condos for sale in Las Vegas? If so it would be a good idea to take notice of a particular project in town.