Las Vegas real estate news and market reports
Las Vegas real estate news and discussions.
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- Has the Las Vegas real estate market bottomed out?
The 2007 Las Vegas perspective booklet was released yesterday. It announced that Clark County population grew by 97,000 people last year putting the population at 1.9 million. According to the perspective this was a 5.3% increase over the 2005 figures. That is almost 8,100 new residents per month. If we have that size of growth [...]
Wed, 02 May 2007 01:12:30 +0000 - The Ruppies are coming, the Ruppies are coming!
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 [...]
Thu, 29 Mar 2007 01:34:03 +0000 - Is the Property under the Proposed “W” Cond-tel for sale?
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 [...]
Wed, 28 Mar 2007 00:21:11 +0000 - Say good bye to the Las Vegas New Frontier Hotel/Casino
One of the world’s richest men Yitzhak Tshuva, a billionaire from Israel, is negotiating with Phil Ruffin to buy the New Frontier Casino (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 [...]
Tue, 27 Mar 2007 00:20:52 +0000 - As I predicted, here come the other development Gurus about “The North Strip.”
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 North Strip 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 [...]
Tue, 13 Mar 2007 13:32:36 +0000 - Hard Rock to expand and renovate!
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. [...]
Tue, 13 Mar 2007 13:32:24 +0000 - Las Vegas Sahara to Sell! Huge development plans for the North Strip.
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 Vegas Strip. The Sale also includes the 17+ acre parcel of vacant land across the street [...]
Mon, 05 Mar 2007 13:31:51 +0000 - Las Vegas New homes to surge last quarter of 2007
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, [...]
Mon, 26 Feb 2007 13:23:11 +0000 - Las Vegas real estate building boom is streaching workers thin.
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 [...]
Thu, 22 Feb 2007 13:28:43 +0000 - Will Maxim Casino block Sky Las Vegas views?
Concerning Las Vegas condo news. The developers of the future Maxim Casino 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 [...]
Thu, 22 Feb 2007 13:20:07 +0000
