Video-Inside MGM City Center Vdara High Rise Condo Hotel

It's finally here MGM City Center has opened it's first building this week which was the Vdara High Rise Condo Hotel. Vdara’s suites range from 582-square-feet, one-bedroom suites to 1,447-square-feet, two-story, two-bedroom penthouses. Since MGM announced it's City Center price cuts of 30% a few weeks back now potential buyers will be able to see the value of this type of opportunity since Vdara is completed and opened. I have found a video on the Las Vegas Suns website that shows some awsome footage of Vdara's rooms and grounds which is breath taking. If you have any questions about purchasing your very own Vdara High Rise Condo Hotel or any other City Center High Rise Condo do not hesitate to give me a call at 702-542-1883 or send me an email by clicking here.

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New MGM City Center Video-Aria resort casino

Get ready get set go.... That's what is happening this week here in Las Vegas with the grand opening of MGM's multi billion dollar mega resort/new urban living environment City Center. City Center will host 3 residential offering Veer Towers and the Mandarin Orient will be the only strictly residential components to this masterpiece and with prices 30% below the original purchase prices of units you are sure to get a fantastic deal if you have the right representation behind you. If you would like more information about how you can own your very own piece of Las Vegas history please give me a call at 702-542-1883 or send me an email by clicking here. Now is the defining moment in Las Vegas real estate with MGM's much anticipated development City Center opening. Prices won't be this low for long and the Las Vegas High Rise Condos available on the strip is very limited so anyone interested needs to act fast.

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MGM City Center Vdara High Rise COndo Hotel Opens It's Doors

MGM Mirage and Dubai World unveiled their Vdara High Rise Condo Hotel and Spa at their massive resort/casino urban metropolitan development City Center. Executives cut the ribbon on the 57-story, 1,495-suite luxury High Rise Condo Hotel property shortly after 10:30 a.m. today. Unfortunately I was not able to attend this ceremony but I should be able to get over to the other openings latter this week. If you would like more information about how you can purchase your very own High Rise Condo residence or Condo Hotel at City Center please feel free to give me a call at 702-542-1883 or send me a direct email by clicking here. Check out the full story about the grand opening of MGM's Vdara High Rise Condo Hotel at City Center here

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City Center High Rise Condo/Resort Sneak Peak Video

Check Out This video that was posted on the LasVegasNow.com Website. MGM’s multibillion dollar development City Center invited local news reporter inside for a special sneak peak at the development which is scheduled to open in phases starting December 1 2009.

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Fontainebleau Las Vegas Bankruptcy Updates Plus Prime Strip Land Across From City Center

Over the course of the last few months I have reported on the failed Las Vegas High Rise Condo/resort Fontainebleau. On Monday in a bankruptcy court filing in Miami Pen National has set the stage with a stalking horse bid of $50 million for the troubled strip asset. The bid of $50 million by Pen National is not likely going to close but it does open up the doors for other investors to come in and take a swing at trying to purchasing the troubled development. Now that things are moving along with the bankruptcy sale of Fontainebleau we can expect to see lots of interested buyers for this property and hopefully construction will resume and the property will be finished before the end of 2010.

The Fontainebleau property is not the only piece of Real Estate on the strip currently for sale. Across the street from MGM’s multi billion dollar development City Center 17.72 acres of already occupied land is coming up for sale through a pre packaged bankruptcy deal. The 17.72 acre parcel has been home to several retail and dining operations such as the Harley Davidson café, Smith & Wollensky, a Travelodge hotel and the Hawaiian Marketplace. This is a prime piece of Las Vegas Strip Real Estate and it will be interesting to see how this land will be developed. If the new owner chooses to build High Rise Condos they will have a front row view at the brand new amazing multi billion dollar City Center development which is expected to pull Las Vegas out of it’s current declining state. Commercial bankruptcy and foreclosures are now becoming the new trend in the commercial markets across the nation and here in Las Vegas we are already seeing signs of this type of activity. 2010 will be the year for the highest commercial Real Estate decline in recent history. Read The Full Fontainebleau Article Here Read The Full Las Vegas Strip Land Deal Article Here

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Las Vegas Recovers With MGM's City Center Resort High Rise Condo Development

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Video-30%Price Drops On Las Vegas High Rise Condos At City Center Not Enough

I recently wrote about MGM City Center Las Vegas High Rise Condo proces being dropped 30% in an effort to help buyers close on their unites. An interesting video came out not to long after that I would like to share with you. The Las Vegas High Rise Condo market has been hit hard buy the recession so MGM decided to go ahead and lower it's High Rise Condo prices by 30% and some are questioning whether this is enough to help buyers in this type of market? Check out the video below to watch the full story and feel free to leave your comments.

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Cosmopolitan Las Vegas High Rise Condo Foreclosure Lawsuit

Check out this video I just made which talks about the Cosmopolitan High Rise Condo Hotel here in Las Vegas that was sold last summer at a Foreclosure auction to Deutsche bank. The Las Vegas High Rise Condo market has had a huge increase in interest over the last couple of months mainly die to the opening of MGM's multi billion dollar development City Center. If you want to learn more about the Las Vegas High Rise Condo market be sure to subscribe to this blog or my youtube channel. You can also follow me on twitter or facebook to really stay informed on whats happening on this end.

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MGM City Center High Rise Condo & Resort Employees Gear Up

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Video-City Center High Rise Condo 30% Price Reduction

Over the last several months MGM has hinted about lowering it's High Rise Condo prices at City Center in an effort to help buyers obtain financing for their condos. The price reduction of 30% on High Rise Condos at MGM's multi billion dollar development on the Las Vegas Strip has been viewed by many as a strong indication that MGM is willing to do what they can to help buyers close on their units as well as sell the rest of their inventory. I think this is a great move by MGM because current buyers will now have an advantage when seeking financing to close on their properties also they have created a buzz about prices being lower so that people who couldn't afford High Rise Condos at City Center 2 years ago now may be rethinking their options. If you would like to discuss in detail the Las Vegas High Rise Condo market please give me a call 702-542-1883 or send me an email by clicking here. Don't forget to subscribe to this blog or my youtube channel to stay up to date with all of the latest Las Vegas High Rise Condo news and information.

Read The Full Article Here

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Las Vegas Foreclosure News Commercial & Residential

Las Vegas is the capital for our nations Foreclosure epidemic. Nevada & especially Las Vegas have topped the nations foreclosure list for the last 33 months with no sign of letting up even as the pace of foreclosure fillings tappers off. Check out this cool video I found that talks a little bit more about Las Vegas foreclosure in detail.

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Vegas High Rise Condos Safety Not Taken Lightly

Check out this video that shows Las Vegas efforts to create a safer environment for construction workers safe who build our beautiful High Rise Condos and Casinos. It is important to provide these workers with a safe environment to ensure that our residence in Luxury High Rise Condos as well as visitors to our beautiful resorts are entering safe sound buildings. Let me know what you think by leaving your comments and feel free to give me a call 702-542-1883 if you would like to know more about how you can purchase your very own Las Vegas High Rise Condo.

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Las Vegas High Rise Condo Prices Dropping

I found a cool video that talks about some predictions for the Las Vegas High Rise Condo market. Opportunity is all around us here in Las Vegas especially when it comes to High Rise Condos. Some units have seen 60% declines in their listing price and investors as well as savvy buyers recognize this opportunity. If you would like to take advantage of the unbelievable prices on Las Vegas High Rise Condos give me a call at 702-542-1883 or send me an email by clicking here. Don't forget to subscribe to this blog and feel free to leave any comments you may have.

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Corus Bank Las Vegas High Rise Condo Sales

I have report over the last couple of weeks about the Corus Bank take over by the FDIC. Corus bank for those of you not familiar with Corus Bank allow me to bring you up to speed. Corus Bank financed just about every major High Rise Condo development in downtown Las Vegas and a few projects that were built on or near the world famous strip. The FDIC came in a couple of weeks ago and took over the lending institution. Since the take over the FDIC has auctioned off all of Corus Banks Las Vegas based assets which included a large majority of unsold High Rise Condos. I hope you like the video and be sure to leave your comments.

Read Full Article About Corus bank Las Vegas High Rise Condo Asset Sales

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Video-City Center Room Rates Lower Than Expected

Check out this short video I made. Let me know what you think by commenting below. MGM City Center will be highlighted more and more over the course of the next couple months due to it's opening. Lots of things have been happening with City Center and it's High Rise Condos so if you want to stay up on what is happening please follow this blog or any of my other blogs, podcasts, or video blogs by subscribing them. Thank for reading and don't be afraid to ask any questions you may have.

Click Here To Read The Full Article

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Video-Vegas High Rise Condos & Real Estate Making A Come Back

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Video-MGM City Center Slashes High Rise Condo Prices

Check out what the latest news about MGMs massive development City Center is doing with its High Rise Condo aspect. High Rise Condominiums here in Las Vegas are at record lows when it comes to prices and the limited inventory that currently exists is quickly diminishing. Let me know what you think about the Las Vegas High Rise Condo market by leaving your comments on this story below or you can contact me by phone 702-542-1883 or shoot me an email.

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Video-Good News For Las Vegas Condo Hotel Invetors

Things are beginning to come around as far as visitation to Las Vegas & local businesses. This is upward climb is a positive sign for Las Vegas High Rise Condo Hotel investors/buyers meaning that they now have the opportunity to rent their properties for high rates for more of the time. I am not guaranteeing your Las Vegas High Rise Condo Hotel will never be vacant or you will see any type of cash flow but what I am saying is that with prices at all time lows on Las Vegas Condo Hotel units and room rates /visitation on the rise makes for the perfect opportunity to acquire a a strong asset in these uncertain times. If you have any questions about purchasing a Las Vegas High Rise Condo please feel free to contact me via email or call me direct at 702-542-1883. Don't forget to comment on this story and share your thoughts about it.

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The Pressures On Fontainbleau Las Vegas

Basically what is happening now is the Bankruptcy judge over the case has said that the Fontainbleau team needs to hurry up and sell the troubled asset by next week on it's own or he will appoint an examiner to over see the sell of the property. There was a great article by the Las Vegas Sun which dove in to greater detail about the troubled Las Vegas High Rise Condo/Resort development. To read the full article at the Sun click here now. If you want to stay up to date with all of the latest happenings on Las Vegas High Rise Condos please feel free to subscribe to this blog by entering your email address in the form to your left.

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Video-City Center Las Vegas High Rise Condos Slashed 30% in Pricing

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MGM City Center High Rise Condo Prices Get Droped 30% Will This Help?

In an effort to minimize losses and help buyers MGM has announced that they will be cutting condo price at it's multi billion dollar City Center development in Las Vegas by 30%. The move to lower prices on City Centers High Rise Condos is not a surprise to me for a couple of reasons. One reason that this was not a shocker was because they stated a few months back they would be considering lowering the prices on their High Rise Condos. Another reason is it would be impossible to sell these properties to the prospective buyer who has already placed a large deposit who now needs to be financed in the worst economic climate in decades. Lowering prices 30% in my opinon was a far decision MGM/City Center made and buyers should be grateful that this has happened. I am looking forward to the opening and closing of the High Rise Condo & Condo Hotel portions of this magnificent development. If you or anyone you know is interested in purchasing either pre-construction or re-sale unites as they come available please feel free to contact me by email or phone which ever you prefer.

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Fontainebleau Las Vegas Project Order To Sell By Court

It's a bitter sweet taste for Las Vegas economic recovery. On friday October 2nd a bankruptcy Judge ordered Fontainbleau's attorneys to provide them with a clear cut reason why they should not proceed with the liquidation of the distressed Las Vegas High Rise Condo Hotel project. The Las Vegas Sun wrote an excellent report detailing the events that took place on Friday October 2nd in court for the Fontainbleau Las Vegas High Rise Condo Hotel Casino development. A Quick snip it that was quoted in the Las Vegas Sun's article was this "The court believes it is more expeditious to proceed with any potential sale as soon as possible rather than to wait until Oct. 28, when a trustee, if appointed, would be required to expend a significant amount of time to obtain counsel, familiarize himself or herself with this case and effectuate a sale," Cristol said in his order.(Cristol is the Bankruptcy Judge) To read the full article about the Fontainbleau Las Vegas High Rise Condo Hotel project Follow the Link Highlighted.

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Video-Hardrock Cafe Has A New Location & Look

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Video-Update On Fontainebleau High Rise Condo Hotel Casino Project In Las Vegas

Over the summer I had received many calls from my clients and prospective clients asking me what was going on with Fontaintebleau project across the street from Sky Las Vegas on the world famous Las Vegas strip. I really haven't heard much about the project since they stop construction, other than the developer was trying to fight the banks in court over releasing the rest of the financing for completion of the project. Earlier today I read an article that was emailed to me which was published in the Miami Herald that discussed some very interesting facts about this case and whats happening. One thing that was mentioned was unhappy Fontainebleau lenders have taken their argument to the next level, asking that their case be moved from a Chapter 11 restructuring to a Chapter 7 liquidation. The unsatisfied Fontainebleau lender have told the courts that after spending $17 million in loan proceeds during bankruptcy, Soffer's team ``has nothing to show for it,". I feel that this move by the bank will be the final nail in the coffin as far as saving the plans for this development meaning being branded as a Fontainebleau property. It is unfortunate that the Fontainebleau project has meet it's fate but there is a positive aspect that no one has talked about and that is the fact that once MGM's City Center development starts to open there will be a need for construction jobs. By the time City Center opens Fontainebleau or the former location of the Fontainebleau will hopefully have new owners who need their newly acquired property completed putting back thousands of people to work. Things are turning around and if you pay close attention to what is happening you will be able to see a ray of sunshine amongst all the clouds, thank you for reading my posts and if you have any further questions about Las Vegas High Rise Condo Real Estate opportunities please feel free to contact me via email or by phone 702-542-1883. Don't forget to leave a comment if you would like to share your views about what I have posted here today.

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Great High End RE Video

This is a perfect example of someone taking responsibility for their actions during the RE boom of the new millennium. Everyone who made the same mistake as this gentleman need to do as this wise man has and except what they did and recover from it. Las Vegas High Rise Condos have had similar problems like Miami. Just as Miami will recover so will Las Vegas and the local High Rise Condo market. Hope you all enjoy this video and I would love to get your feedback so just leave a comment below if you like.

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Video-Gaming Stocks Show Positive Signs For Las Vegas Markets

Las Vegas gaming stocks have seen huge rebounds in the last couple of months and many believe it to be a positive sign for Las Vegas. The news of certain local gaming stock prices surging over the last 60 days has made Las Vegas a headlining city once again but in a more positive light. If strip casinos are starting to rebound you can bet that the High Rise Condo market is on it's way if not already to seeing a rebound. Las Vegas high rise condos have come down in price almost as much as some of the gaming stocks that took a tumble and sales have jumped do to the low prices. Many people are betting big on MGM's City Center Condos to pull the High Rise Condo market out of it's current state of dropping prices and repossessions. It will be interesting to see what City Center Condo Sales will do especially if MGM goes through with lowering their High Rise Condo Prices. Check out the video below for the latest information about Las Vegas Gaming Stocks.

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Video-Las Vegas High Rise Condos At MGM City Center Are Getting Ready To Open

Check out this cool video explaining how amazing MGM's new multi billion dollar development is and whats in store for visitors and residence. City Center is going to take High Rise Condo living to a whole new level. In the video there are some actual shots of the buildings from not to long ago. I can't wait to see what these beautiful Las Vegas High Rise Condo look like when completed & I can't wait to sell some as well. Let me know what you think of the video by commenting below and if have not signed up for my RSS feed so you can receive all the latest Las Vegas High Rise Condo news as it happens.

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Sky Las Vegas Luxury High Rise Condominium Update

Las Vegas High Rise Condos are now more affordable than ever before. Sky Las Vegas is one of the premier High Rise Condo developments here in Las Vegas. Many savvy High Rise Condo buyers have recently hit the Las Vegas Real Estate scene with one thing in mind and that is buying as many Las Vegas High Rise Condos as possible. As of August 28 2009 There are 29 available High Rise condominiums for sale at Sky Las Vegas. This year a total of 15 condominiums at Sky Las Vegas have sold since January 1 2009. Sky Las Vegas is currently the only residential Luxury High Rise Condo development located directly on the world famous Las Vegas strip. There are deals to be found within this development. Some Sky Las Vegas Luxury High Rise condominiums are selling at 50% below the original purchase price. Sky Las Vegas features world class amenities, Prime location, and is footsteps away from the best entertainment and dining that Las Vegas has to offer.

Amenities include

Sky Lounge- 4th Floor social room for private parties and entertaining up to 200 guests
Sky Garden- Outdoor Pool & Jacuzzi surrounded by lush, landscaping, cabanas and out door fireplace
Sky Plaza- Retail
Concierge
Valet Parking
Spa/Fitness Center
Indoor Racquetball
Billiards Room
Putting Green
Private Screening Room
State-Of-The-Art Security including on-site video monitoring and 24-hour guard-gated entrance
Gated pet-friendly dog run area
Dry Cleaning & Laundry Service
Business Center with conference space

If you are interested in purchasing a Sky Las Vegas Condominium CLICK HERE to see a list of the BEST deals in the development.
CLICK HERE to view a list of the most recent sales in this development .
For instant access to all available Las Vegas luxury High Rise Condominiums for sale CLICK HERE or call me direct Makea Turner (702) 542-1883

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New-Steve Wynn Full Interview

Steve Wynn Interview Part 1


Steve Wynn Interview Part 2

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Video Update-MGM City Cneter

The drama surrounding the financially troubled City Center project has thickened, with a major investor interested in the $8.7 billion project and MGM Mirage disclosing a contingency plan should City Center seek bankruptcy protection.

In a regulatory filing today, MGM Mirage said its bank lenders have allowed the company to earmark up to $20 million for expenses "necessary to ensure public health, safety and welfare or regulatory compliance in connection with City Center Holdings."

A source close to MGM Mirage, who declined to be identified, said the safety fund isn't an indication that a bankruptcy filing is imminent for CityCenter. However, the source said the fund would allow for a pause in construction should the CityCenter partnership need to seek bankruptcy protection. Read The Full Article Here

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VIDEO-The Latest MGM City Center News

Last week there was an announcement made by Dubai World that it was suing MGM Mirage for breach of contract of it's City Center partnership agreement. Since the announcement MGM Mirage has made a payment of $200 Million dollars, $100 Million of which is Dubai Worlds half, to debt holders for the multi billion dollar development City Center which is under way currently. The suit is still before the courts in Delaware and will be reviewed by the courts soon. MGM Mirage has said publicly that they do not feel they are in breach of their agreement with Dubai World and plans to continue construction on City Center. There are all kinds of speculation about the actions taken by Dubai World, some say that Dubai World just wants a bigger stake in the Development and is taking advantage of the tough times MGM Mirage has been having. One thing that has not been mentioned in the midst of all this confusion surrounding City Center is that Deutsche Bank has approached MGM Mirage about the remaining finances needed to complete City Center and has said that they would provide MGM the necessary capital if they agreed to manage the Cosmopolitan Casino Resort Condominium project that is mere foot steps from the City Center site. I guess only time will tell in these confusing times so stay tuned and check back frequently for the latest updates about the Las Vegas High Rise Condo market.

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MGM Gets Sued By Partner Dubai World

This past week has had all kinds of sparks flying over the announcement which was made earlier this week about MGM Mirage being sued by it's partner in the City Center development Dubai World. Dubai World became a partner in the massive multi billion dollar development when approached by MGM in 2007. This has become the talk of the town since the City Center development was suppose to be our ray of light amongst the darkness we have been experiencing here in Vegas over the last couple of months. Some say that Dubai World has sued MGM to secure a larger stake in the project but Dubai World has said it's only intention was to obtain some type of safety if MGM Mirage defaults on it's debts with banks. I personally don't think that MGM Mirage will be able to complete it's multi billion dollar development City Center with out having to sell some of their treasured assets. Treasure Island was just sold to billionaire Phil Ruffin and i suspect that there will be more sales in the near future. I have been able to obtain several news clips of the coverage of this story since it broke earlier this week and have included them in todays post. Enjoy and continue to check back for updates on this story as they occur.

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Video Update-Las Vegas Foreclosure #'s For Febuary 09

Below you will find a video containing the latest statistics for Las Vegas home foreclosures through out the valley. Some are taking the numbers in a positive way and some are taking it in a negative way. I feel that the end or bottom rather is closer than we all think but we will defiantly find out in the coming months. Enjoy this video and be on the look out for more Las Vegas News videos. I almost forgot. The video below also contains information concerning Las Vegas Casinos. Hope you like the video and again enjoy.

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New Hilton Brand To Take Over The Foreclosed Cosmopolitan Resort

The Denizen brand, Hilton's New Brand, is expected to take the place of the Cosmopolitan, an under-construction resort at Harmon Avenue and Las Vegas Boulevard, as Hilton Hotels executives have been working at the Cosmopolitan site for months. Hilton, based in Beverly Hills, has been working on a new hotel brand with the idea that it would replace the Cosmopolitan name, according to people familiar with the project. The Cosmopolitan was created by developer Ian Bruce Eichner, whose resort was foreclosed upon by Deutsche Bank last year. The Denizen brand is part of a trend in the hotel industry of creating upscale, boutique brands catering to more discriminating and worldly customers.

Deutsche Bank, which now owns the project, has hired several development and design firms to work on the resort since it bought the property in a foreclosure sale in September. At the time, developers said the 3,000-room resort, including nearly 2,200 condo-hotel units, was expected to open in mid-2010.

Hilton is already a big player in Las Vegas with several brands including Hilton Grand Vacations, Embassy Suites, Doubletree, Hampton Inn, Homewood Suites and Hilton Garden Inn. It also markets rooms for the Las Vegas Hilton hotel-casino. Read The Full Article Here

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Cosmopolitan Condo Hotel Gets New Look Again, Bankers Not Happy With The Old Look

Work on part of the Cosmopolitan resort’s interior is on hold while a new decor is considered for the bank-owned property, which is under construction.

This would be the third interior design for the Cosmopolitan, the brainchild of New York high-rise developer Ian Bruce Eichner and wife Leslie, who helped create the resort’s original appearance. Eichner defaulted on a $760 million construction loan last year, fueling doubts that the 3,000-room resort would be finished.

The old look was a flashy, glam-rock look, with bold prints and big mirrors. Deutsche Bank isn’t happy with the design and is going back to the drawing board, sources say.

Observers say the move indicates that Deutsche Bank is committed to finishing the project, given that midcourse corrections could cost the bank millions of dollars.

The bank has several firms on its payroll as it plows ahead on the Cosmopolitan, which it hopes to open by June 2010. Those include multiple design and architecture firms working on interior spaces, including the layout of the casino on the ground floor. Read The Full Article Here

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New Video-MGM City Center News-Station Casino Gets Offer From Boyd Gaming

MGM's multi billion dollar development City Center has had it's name in the news allot this year and we are just getting started. MGM is still trying to locate it's final billion dollars to complete the massive development which will offer residential High Rise Condos, a Casino Resort with 4k rooms, world renowned shopping and dinning. MGM has definitely set the standard for the years to come with this enormous development. Below you will find a news clip of the latest developments from MGM's City Center development and also an insight to the offer made by Boyd Gaming to purchase some of Station Casinos properties. The offer made by Boyd is not a surprise even though Boyd has had to stall it's own multi billion dollar development on the strip called Echelon. The local High Rise Condo market is awaiting the opening of MGM's City Center project at the end of this year. We are curious to see how many of their High Rise Condos will actually close escrow considering our current economic conditions. Enjoy the video and continue to visit this blog for all the latest news and information about the Las Vegas High Rise Condo market.

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The Lates Las Vegas High Rise Condo #'s

Since January 1st the Las Vegas High Rise Condo market has had 20 re-sale transactions. Half of those sales were in developments that are strictly residential and the other half were from Condo Hotel developments like MGM's Signature Towers. The new year has brought many challenges for our city to over come. Foreclosures have swept the valley leaving no community untouched. As previously reported there has been an increase in Bank Repossessions in our High Rise Condo market which in turn has made prices drop significantly making it an awesome time to purchase. Out of the ten strictly residential High Rise Condo re-sales 7 were bank owned properties which had an average Days On Market of 90 days. The 10 Condo Hotel re-sales that were recored had 7 Bank Repossessions as well with an average Days On Market of 51 days.

These numbers may not seem like the best in the world considering the amount of inventory that is currently for sale on the High Rise Condo re-sale market. One thing that I can say I see happening in the near future is that a wave of Bank Owned High Rise Condos will hit the market with prices that will be close to the prices that we are seeing REO High Rise Condos listed & selling at currently. Some may say that prices will continue to drop even lower in the next couple of months but I feel that we should see a huge increase in interest in our High Rise Condo market which will bring back the demand for these types of properties meaning that prices will start to rise. I can not speculate on a specific time frame of when the demand and prices will start to rise but from my professional view point I can say that interest is rising while more and more REO High Rise Condos come on the market with prices that can't be ignored.

The down side to buying a REO High Rise Condo here in Las Vegas is that you run the risk of not having the best view. Yes Bank Owned High Rise Condos are allot more affordable than traditional High Rise Condo re-sale unites but if you want a certain view or specific unite style you may come up short with a Bank Owned High Rise Condo due to that fact that the REO High Rise inventory is substantially less than traditional re-sale High Rise Condos. Unlike the single family housing sector here in Las Vegas Bank Owned High Rise Condos do not surpass the traditional sales on the re-sale market. Thats the latest Las Vegas High Rise Condo news for you so learn and enjoy.

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Las Vegas M-Resort Opening-New Video

A brand new luxury resort is opening it's doors during the worst economic crisis this country has seen in decades. First Aliante Station then Encore now M-Resort by Anthony Marnell. The M-Resort is strategically located on the far south strip at St Rose & Las Vegas Blvd on 90 acres. It will be interesting to see how this casino performs in it's first year of operation considering the horrific economic condition this nation is in. I am sure if the M-Resort can survive it's opening year they should be just fine in the future and the same goes for the rest of the resorts that were opened in this time period in history. Check out the video below to see the M-Resort and hear what they're plans are for this luxurious Casino Resort on the Las Vegas Strip.

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New LV High Rise Condo Podcast Episode-Get The Latest NEWS & Information

Check Out this NEW LetsTalkLasVegasHighRiseCondo.com Podcast episode. Included in the podcast you will hear an overview of the topics covered in this blog over the last 56 days of 09. Some great insight on the Las Vegas High Rise Condo market was shared in this episode so check it out below to hear all about whats happening in the Las Vegas High Rise Condo Market and get the Las Vegas info you want.

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Forget About It-Station Casino'sGoing Outa Business Never

At a time when company owners are either booted by investors for letting their companies fall into the hands of bottom-feeding creditors or competitors, these epic bailouts look like throwbacks to another era.

Cut off from bank loans and traditional financing during its early days, the casino industry relied on the wealth of a small group of insiders who understood its peculiarities.

The Fertittas, who learned the business from their father, have always viewed their industry as a long-term growth opportunity and chafed under the quarterly profit-driven demands of Wall Street.

It’s up to bondholders to decide whether the Fertittas know more about their business than anyone else and should be running the show.

If the economy doesn’t recover as Station expects it will, that $244 million, just like Adelson’s billion-dollar investment, will disappear.

Analyst Barbara Cappaert of bond research firm KDP Investment Advisors says such cash infusions by owners are unusual in this downturn. Many struggling companies have offered bondholders discounted notes to reduce interest costs but have put no new cash, as equity, into their companies. Read The Full Article Here At LasVegasSun.com

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City Center's Harmon Hotel Revised Look

Bleep happens, of course. Every architect has a story, a nightmare tale, of hair-raising contingencies and last-minute changes in plans. MGM Mirage downplays the effect at the Harmon, arguing that the height will scarcely be visible from the street.

But architects not associated with the project say there is no disputing that CityCenter’s grand and gracious addition to the Las Vegas skyline has been compromised.

“Changes happen, yes, but this is more than a change,” said David Schwarz, the noted Washington, D.C.-based architect who is designing the Smith Center for the Performing Arts in downtown Las Vegas. “I’ve never heard of a building being cut in half before.”

With its elegantly elliptical curve and signature variegated blue-and-white exterior suggesting sea glass, the Harmon was expressly designed by British superstar architect Lord Norman Foster to be one of the newly defining iconic buildings in this young, aspiring city. It was designed to harmonize in scale and detail with the other elements of the complex. Read The Full Article Here At The Las Vegas Sun

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Video-The Latest MGM City Center Harmon Hotel NEWS- Watch This NOW

Clark County has ordered MGM Mirage to verify that CityCenter’s towers are structurally sound.

The order, in a letter Monday from Development Services Director Ron Lynn to MGM Mirage Vice President Bill Ham, came six months after significant structural defects were found at the Harmon, one of seven buildings simultaneously rising at the company’s $9 billion project.

After the engineer of record on the project raised concerns, the county determined that 15 floors of reinforcing steel at the Harmon had been improperly installed by subcontractor Pacific Coast Steel, which is overseen by CityCenter general contractor Perini Building Co.

The problems were repeatedly missed by third-party private inspector Converse Consultants, hired by MGM Mirage to ensure the complicated tasks were properly executed.

Though the inspectors employed by Converse Consultants — Scott Edberg and Joseph Glenn Laurente — had not worked on any other CityCenter buildings, the county nonetheless wants MGM Mirage to reassure the public that all parts of the project inspected by the firm are free of structural problems.

Converse is performing the bulk of the private inspection work at CityCenter. The county’s Development Services Department oversees the work of such third-party inspectors.

“At this point in time we have no reason to think that there’s an issue at any other parts of CityCenter,” said Assistant County Manager Phil Rosenquist. “We just want to be sure.” Read The Full Article Click Here

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Ultra Luxurious Las Vegas High Rise Condos-The BEST In Town

All elements of One Queensridge Place – exteriors, interiors, public areas, private residences and the gated entry - appear to be the work of fine European artisans. Everywhere there is evidence of gifted stone masons, cabinet makers, iron craftsmen, lighting designers and faux finishers who are bringing museum-like quality to a residential setting. One Queensridge Place is significantly more than a vertical condominium community. It is a residential environment created like a fine work of art. It is a limited edition collection of what has been fittingly named as 'custom homes in the sky.'

The Queensridge resort lifestyle offers residents a quiet and privileged sanctuary within easy reach of all that is Las Vegas. Amenities emulate international five-star hotels with attentive concierge services, abundant social opportunities, a bar and lounge area, state-of-the-art fitness center, full Roman Spa and much more. Located in the masterfully planned community of Queensridge, One Queensridge Place is in close proximity to excellent shopping, restaurants, schools, parks, and libraries. Fairway enthusiasts will benefit from an ideal location, adjacent to the Troon-managed Badlands Golf Course and within a few miles of several other challenging golf courses. Watch The Video Below to have a peak inside One Queens Ridge Place.

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Interesting Las Vegas High Rise Condo News & Videos

Allot has been said about our High Rise Condo market here in Las Vegas over the last couple of years such as it’s just a fad, the bottom has fallen out of the market and some have even gone as far to compared Las Vegas’s High Rise Condo market to the disastrous Miami vertical scene. But the one thing that is undeniable is that there is and will be a vertical life style like no other in the world here in Las Vegas. Several big name developments are nearing completion such as MGM’s City Center, The Cosmopolitan & Panorama Tower 3 which is generating a world wide buzz for the Las Vegas High Rise Condo market. It is exciting to see Las Vegas High Rise Condo’s receiving the attention they deserve. One of The Cosmopolitan Towers has top out in the last few weeks along with The Mandarin Orient Hotel & Residence at MGM’s City Center & Panorama Tower 3 which elevates the excitement about Las Vegas High Rise Condos to new heights. Now that some of these amazing structures are completely top out visitors & residence of Las Vegas are beginning to see the NEW Las Vegas that has been in the works for a few years and recognizing the immense opportunity it brings with it.

Another topic I would like to talk about today is the sale of MGM’s Treasure Island for $775 million . MGM sold Treasure Island to Phil Ruffin who was the previous owner of The New Frontier. Phil Ruffin set a record for the sale of his New Frontier when The Elad group purchased it for the highest price per square foot in 2007 which totaled $1.2 billion. Phil Ruffin also has partnered with Donald Trump on his Las Vegas venture Trump International Hotel Tower providing the land to build on as his part of the deal which also has a twin sister tower on the drawing board. The purchase of Treasure Island has sparked many conversation about what future plans for the property might be but currently nothing is going to change beside the owner of the property. The Elad group has secured an extension of it’s purchase loan for the New Frontier that will help them weather the current economic conditions so that the delayed development planed for that land, The Plaza, will still be able to get completed when things turn back around. The Elad Groups planed Plaza is said to be a standard setting development for the world famous Las Vegas strip but until the construction begins MGM’s City Center will hold that title. Many things have already happened this year in our local High Rise Condo market that will certainly shake things up in a good way. Below you can find some news clips of the Treasure Island deals and the Plaza’s current standings.

Plaza News


Treasure Island Sale

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2009 Las Vegas High Rise Condo First 30 Day Report

2009 is off to a fast start here in Las Vegas and across the country. Many big events have taken place national and here locally as well. In our local High Rise Condo market we have had some major events take place in the last 30 days. MGM’s multi billion dollar development City Center has made the decision to scale down it’s Harmon Hotel/Spa & residence in height by eliminating the residential portion of the building due to an engineering mis-hap. Allot of people have reported on this story for the last couple of weeks and not many of them have highlighted the positive effects of this decision. One of the biggest pluses that I have be able to see is that the development as a whole will probably be completed slightly sooner than expected despite the rumors of delays. Another big plus about the decision is that buyers in Veer Towers who purchased unites on the North side of tower 2 will have a good view of the Cosmopolitan & their sandy beach style pool area.

Another big story that has been broadly reported about is Trumps choice to turn his remaining Condo unites that haven’t sold or unites that he has had to take back from buyer fall out into apartment rentals. Trump has made this move before in past developments so this isn’t the Donald’s first walk in the park even though it may have been portrayed that way. The Trump International Hotel Las Vegas is still operating and is filling their rooms with guest on a nightly basis. The decision is a smart move on the Trumps behalf for a couple of reasons. One of the obvious reason is he is allowing time for the markets to correct so buyers with conventional financing can begin to re-enter the market.

Current economic situations have made it almost impossible to obtain a loan for a Las Vegas High Rise Condo and left many buyers regretting there choice to purchase and wager so much. Despite the frozen lending industry cash flush buyers & affluent individuals can swoop in on amazing deals in just about every development. Prices across the board from studios to penthouse estates have come down drastically, as previously predicted, but won’t go down much lower & certainly won’t stay low for very much longer. That’s a bold statement considering there are people in the world who would like you to believe the sky is falling but considering the fact that several developments under construction at the moment like City Center have committed buyers who will be closing on their unites before the years end you can expect to see re-sale prices increase sharply in the near future due those buyers closing escrow on their unites. The reason for this is City Center unites were sold for almost double of what every other development built here in Las Vegas in the past 5 years have sold for. The buyers who have locked in their residences at City Center don’t fit the profile for a person who would just walk away especially with that type of money on the line. Another thing to watch out for in the new year of 2009 with Las Vegas High Rise Condos is the increase of REO properties. In the last quarter of 2008 there was an increase in short sale High Rise Condos listings and in 2009 you can expect to see a healthy portion of those converted into REO listings providing buyers great opportunities. These unites in my opinion people who tried to hold on as long as they could before losing their Condos, some what of a speculator. When Las Vegas High Rise Condos become bank owned they typically if priced correctly sell quickly and from what I’ve seen last year the agents listing the majority of REO High Rise Condos have done a great job in doing so.

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