MGM’s CityCenter now to cost over $9 Billion - When will reality set in?
Posted by Luxury Realty Group - May 16th, 2008
Just as most experts agreed, the cost to build luxury condominiums on the Las Vegas Strip would have to increase because of land prices and construction costs, putting that much more emphasis on prime-location properties. Case and point? What was once thought to be a $6 billion or so development, MGM recently announced that the total cost to build its CityCenter project has now increased to over $9 billion.Enough is Enough - The last I checked, the amenities at Panorama Towers and Turnberry Towers looked operational. Las Vegas real estate market Update - May 2008
Posted by Luxury Realty Group - May 8th, 2008
The national press is searching for horror stories about the Las Vegas high-rise luxury condo market. Recently, I received a call from a journalist looking for information on how horrible it had become to live in high-rise condominium properties such as Panorama Towers and Turnberry Towers. The journalist wanted to talk to owners who were going through foreclosures, seeking stories about how their quality of living has been impacted, trying to see if the buildings amenities had been compromised. But is it the press’ fault that they view things this way?Station Casinos announces plans for a possible $10-billion mega-resort west of the Las Vegas Strip
Posted by Luxury Realty Group - April 26th, 2008
Station Casinos has announced plans to build a $10-billion development just west of the Las Vegas Strip. The project (for now) is being called Viva, and is expected to consist of several casinos, hotels, and possible Las Vegas high-rise condominiums. We have included the first rendering and a map of the location.Bear Stearns collapses - US economy challenged - Things to consider when it comes to Las Vegas real estate
Posted by Luxury Realty Group - March 17th, 2008
Last week and this weekend provided more doom and gloom for the current US economy and Las Vegas. While most people are no longer surprised by bad news, all of this was still fairly hard to swallow. It’s interesting to watch how much the real estate market here has changed.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?Clark County Validates Vegas Strip Land Values Continue to Soar
Posted by Bruce Hiatt - January 12th, 2008
With all of the ongoing media hype about the sky is falling for Las Vegas real estate, such is not the case with the land along the Las Vegas Strip resort corridor. The Clark County tax assessor’s office has just released new numbers regarding Las Vegas land taxes for 2007 and the results will surprise you.2 Facts for 2007…Part 1 of 2
Posted by Luxury Realty Group - February 1st, 2007
Ask not what your Vegas Vacation can do for you…But what you can do for your Vegas Vacation! It’s no mystery that purchasing a high rise condo in Las Vegas can do a whole lot for your Vegas experience.