Owner: http://www.maxsellsvegas.com/LasVegasBlog/ URL:http://www.maxsellsvegas.com/LasVegasBlog/ Join Date: Wed, 07 Mar 2007 16:02:05 -0600 Rating:0 Site Description: All about Las Vegas real estate, the market, development, news and predictions. Site statistics:Click here
Las Vegas Sahara to Sell! Huge development plans for the North Strip. 2007-03-05 20:43:24 Finally it has been announced that Stockbridge Real Estate Funds and SBE Entertainment Group LLC have an agreement with Gordon Gaming Corp. to purchase one of the last of the original remaining casinos on the Las VegasStrip
. The Sale also includes the 17+ acre parcel of vacant land across the street from the Sahara
. This [...] Read more:plans
, North
, Las Vegas
Las Vegas New homes to surge last quarter of 2007 2007-02-26 22:34:41 John Burns real estate consulting Irvine, California spoke last week to the Las Vegas
Home Builders Association. John is a C.P.A., and has an M.B.A. from U.C.L.A., and a B.A. in economics from Stanford. He is a nationally known expert on housing and has been quoted by CNN, The Wall Street Journal, USA Today and others.
“By some accounts, Las Vegas
now [...] Read more:quarter
Las Vegas real estate building boom is streaching workers thin. 2007-02-22 23:40:46 Talk about a time to be in construction.
Nevada’s job growth has been running 3 to 4 times the national average for the past several years. The construction business is expected to add an additional 10,000 jobs this year according to Terry Johnson, Department of Employment, Training & Rehabilitation (LVBusinessPress.com). These new skilled construction workers [...] Read more:Vegas
, Las Vegas
, Las Vegas real
Will Maxim Casino block Sky Las Vegas views? 2007-02-22 10:33:12 Concerning Las Vegas
condo news. The developers of the future MaximCasino
went before the Clark County Commission yesterday requesting site plan approval. The developers for Maxim were out numbered by experts, developers, and future residence of the adjacent Sky Las Vegas residential condominiums. From the testimony given Sky did not receive notice of the [...] Read more:block
, views
Las Vegas condo projects Club Renaissance and Sandurst still going forward. 2007-02-22 10:08:50 Before the Las Vegas
City Commission yesterday the developers of Club Renaissance
asked for a continuance on its building permits and received another 6 months from the Mayor and City Council. The Project had been 65% sold but was awaiting final project construction bids when the financiers of the project pulled out due to concerns [...] Read more:Las Vegas
New High-speed train from Victorville, Calf. to Las Vegas soon to be reality! 2007-02-21 23:03:58 The most unlikely proponents for a train from Southern California to Las Vegas
have stepped up to the plate. The majority of California’s politicians not want a train route that could drain their residents off to Las Vegas
with lower taxes and cheaper housing. But the City of Victorville sees it differently. They see opportunity [...] Read more:reality
, New High
Hello world! 1969-12-31 17:00:00 Hi,
I’m Max Schmidt in Las Vegas, Nevada. And this is my new market reporting blog for Las Vegas real estate. I will be reporting and commenting on all types of real estate news, market conditions and projections. If you want to keep up with what is happening in the ever changing Las Vegas real estate [...] Read more:Hello
, Hello world
As I predicted, here come the other development Gurus about “The North Strip.” 2007-03-13 21:40:34 As detailed in this article from Casino City Times. I seems many of the Las Vegas top market experts agree with my prediction that the NorthStrip
is about to get the same renovation as the Mid-Strip.
There is also a flurry of activity taking place on the New South Strip with the new construction of [...] Read more:Gurus
, ldquo
, rdquo
Hard Rock to expand and renovate! 2007-03-13 21:01:19 The Morgans Hotel Group have finally announced their partial plans for the Hard Rock
. But in those plans are no mention of the previously planned Condo/hotel rooms that previous owner Peter Morton had designed. But take hart the expansion is only going to use 8 acres of the 23 acre land parcel. They say they are [...]
Is the Property under the Proposed “W” Cond-tel for sale? 2007-03-27 22:19:54 It appears that Edge Group owners of the “W” and former “Las Ramblas” development sites may have their eyes on the short term prize $$$.
With the condo and condo-tel market being dominated by the BIG boys link MGM-Mirage and financing tightening it would seem that one needs to have a lot of liquidity in order [...]
Say good bye to the Las Vegas New Frontier Hotel/Casino 2007-03-27 00:00:22 One of the world’s richest men Yitzhak Tshuva, a billionaire from Israel, is negotiating with Phil Ruffin to buy the New FrontierCasino
(built in 1942) in Las Vegas
. The deal is estimated at $1.5 billion dollars and will require another $400 million to renovate the project. The only plans the new owner has disclosed so [...] Read more:Hotel
The Ruppies are coming, the Ruppies are coming! 2007-03-29 01:06:05 No, it’s not the latest music group. It’s a new phrase coined by sociologists by combining the three words (yuppies, urban and retirees). Yup, you can trade in your Yuppy card right along with your company badge when you pick up your first retirement check and buy a place in the city.
It seems that these [...]
The Las Vegas Strip is bustling with development action! 2008-03-03 14:44:47 It appears the the Pinnacle will never peak. The dual tower condo project 1 mile west of the Strip
on Tropicana has been called off. Look for this zoned high-rise ground to be looked at by casino developers. It is located across from the Orleans and is just down the street from the Wild Wild [...] Read more:Vegas
What Las Vegas real estate and roller coasters have in common 2008-02-27 13:42:12 Almost everyone in the U.S. is familiar with the roller coaster at the New York New York here in Las Vegas
. Many people who purchased property here in Las Vegas were not aware that they were buying a ticket on a different roller coaster, the Las Vegas real estate roller coaster. So let us all [...]
The Fed lending rate reduction only helps the Banks. 2008-01-22 16:15:23 Please wait while I set my soap box down. I am about to give my opinion on this disgusting turn of events by our government.
The Fed lending rate cut, for the most part, bails out the Banks.
The short term Fed rate is the rate Banks can barrow from the Fed resulting in them making more money. As [...] Read more:reduction
$5 billion Plaza Project gets approval 2008-01-14 15:24:05 The New Frontier was imploded a few months ago making way for a new class of Mega resort. This project will be the most opulent yet. The developers are designing this to cater to the wealthy client, not your average Joe.
The 15 million square foot facility will include: 348,000 square feet of shopping, 134,500 square [...] Read more:billion
, Project
World Jewelry Center Plans approved by Las Vegas City 2008-01-10 14:38:24 According to Mayor Oscar Goodman: “This will be an important part of Union Park, along with the Lou Ruvo Brain Institute, the Smith Center
for the Performing Arts, the Charlie Palmer Hotel, and the Access Medical-Kimpton Hotel projects, that together will create an exciting experience for everyone who visits or does business there…”
This project will [...] Read more:Vegas
, World
, Jewelry
, Las Vegas
Is it time to gamble on Vegas real estate again? 2008-01-05 18:40:46 With the gaming industry posting record profits, record visitors and record construction it looks like there is no end to the possibilities and opportunities for this world class city. For 2007 will go down in history as the year that Las Vegas
hit the 2 million residents mark, the year that saw the implosions of the [...]
Many think Vegas is a good bet for real estate investment right now. 2007-12-17 18:12:14 The current batch of wanna be investors are allowing their investment
homes to be foreclosed here in Las Vegas
driving up inventory and lowering the price of resale and new housing. It might surprise you that due to this unloading of uneducated and un-savvy investors that the SAVY INVESTORS ARE BUYING!
People who know how [...] Read more:think
, estate investment
When you owe more than your homes worth! 2007-12-10 12:40:47 If you purchased your home in the years 2004 through 2007 and you live in Las Vegas you may be in an unfortunate group of people that now find themselves in the position of having more invested in their homes than they can currently sell it for.
Many of you may be in a position where your [...]
Is the water plan for Las Vegas the right plan? 2007-11-08 12:47:15 This mourning I was reading an article on the Southern Nevada Water Authorities plan to build a pipeline from the interior of the State to Clark County and deliver as many as 400,000 additional homes water
. This project would cost an estimated $3.5 billion dollars.
(See the article here)
If the source of funding of this project [...] Read more:Vegas
, Las Vegas
When to invest in Las Vegas? 2008-03-20 12:01:13 I tend to spend a great deal of time looking at development on the Strip. The reason for this is that this area provides such huge employment growth opportunity. Employment growth is what drives residential real estate development and pricing. With great positive employment growth of 4 to 5% you find an active appreciating residential real estate market. [...] Read more:invest
, Vegas
, Las Vegas
Las Vegas real estate rumors, truths and falsities 2008-03-27 14:00:36 Well the GLVAR came out with their February figures and it looks like there is a POSSIBILITY (rumor) that the market is showing signs of bottoming out. Inventory levels are down (fact), numbers of homes under contract are up slightly (fact) and home sales are up slightly(fact).
However Standard & Poor’s/Case Shiller report still show prices falling [...] Read more:Vegas
, rumors
, Las Vegas
, Las Vegas real
Las Vegas top town for Empty Nesters 2008-04-04 11:28:37 Forbes.com rate Las Vegas
as a “Top Town for Empty
Nesters” in an article published April 3, 2008. It stated that Las Vegas
has had a 156% increase in 55 to 64 year olds from 1990 to 2005. This has been due to the excellent job market as well as wonderful recreation opportunities.
The State of Nevada [...]
In Las Vegas new projects just keep comming! 2008-04-11 12:08:10 Yes, the world of finance is in a tail spin and some Las Vegas
condo projects are in trouble but it seems that many Las Vegas
projects are above the financing waste land that has swept over the U.S. real estate markets.
This last week I noticed another condominium project has bitten the dust due to the slow [...]
National publications finding Las Vegas as a great place for Bargins in real estate 2008-04-19 11:01:45 If you have been reading my blog you know I have been saying that the real estate market is going to come back strong in late 2009 and we should see prices climb to their previous highs by approximately 2012. Job creation is going to spur this sudden resurgence in the market as the $33 [...] Read more:National
, Vegas
REI Neon’s big move in the game for its Major Las Vegas Sports Arena 2008-04-23 12:04:27 Well the big sports area in Las Vegas
City may have just grown wheels under it. What has developed is not surprising, its just typical big business.
The players include the little guys that own property south and west of Charleston and Main Street. They all got dollar signs in their eyes like little girls looking at pop [...] Read more:Major
, Sports
Las Vegas real estate showing signs of a turnaround 2008-04-27 16:55:29 Although the real estate market in Las Vegas
is still very week their are signs
of life and the future is bright. Las Vegas
housing was simply over built in 2005 and 2006. This was due to heavy appreciation in the market place, easy credit in the mortgage markets, and heavy speculation by opportunity investors.
In [...] Read more:Las Vegas real
Find Las Vegas homes at 2004 pre-boom Prices in 2008 2008-06-11 13:49:28 Not all Las Vegas
real estate isbeing sold for the same price and it isn’t just the location or the size that dictates the price! Investors are currently flooding into the market looking for the real deals and they are finding them. Some Las Vegas home Buyers are finding real deals with prices that comparable homes were [...] Read more:Prices
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