Las Vegas High Rise Condo News Back In Action

WOW! It's been a few weeks since i have reported on the Las Vegas High Rise Condo market and it's activities but now we are back in action. Allot has happened since i reported last, such as MGM's City Center has pretty much secured all financing for the multi billion dollar strip development which will provide Residential (Veer Towers-The Hormon-The Residence At The Mandarin Oriental)renderings as well as condo hotel opportunities (Vdara,). I don't find this to be to big of news considering the last report i did on this topic stated that MGM should have all of if not the majority of it's financing completed and secured by mid September. Another topic that has people talking across the board is the first joint venture the Sands Corp. has entered with the St.Regis brand and it will be called St. Regis Residences at The Venetian Palazzo. These condo units will be very expensive but will be a standard setting residential High Rise on the Las Vegas Strip. Rumors that have been floating around say that pre construction buyers of Condos at the St. Regis Residences at The Venetian Palazzo will have the opportunity to purchase their condos fully furnished or un furnished. The Cosmopolitan Condo Hotel Venture directly next door to MGM's Multi Billion Dollar Development City Center has had the foreclosure process finalized by Deutsche Bank. As reported on previously by myself and others this was just waiting to be completed so that the development can pick up the pace towards completion with out hurting buyers of condos in this development.

Pricing on available inventory of Las Vegas High Rise Condos has come down some on the re-sale side but the developments that are not yet completed continue to sell residences for prices way above what the current re-sale inventory is offering. This means that you can expect the prices we are seeing now on re-sale High Rise Condos to disappear rapidly in the next few months as we near completion on several big named developments like MGM's City Center & The Cosmopolitan. Now is defiantly one of the biggest opportunities Las Vegas High Rise Condos have ever presented for several reasons, one of which is that most of the speculators of the LV High Rise Condo market are exiting either on their own or are being forced to do so through foreclosure. This makes for a perfect buying situation on the re-sale side because sellers are motivated and banks are even more motivated due to our country's current financial markets meltdowns. For more detailed information about the Las Vegas High Rise Condo market and all of it's current opportunities please contact me by via -email HERE or call me direct at 702-542-1993. Please continue to read & subscribe to my blogs to receive knowledgeable information concerning the Las Vegas High Rise Condo & Housing markets.

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