Las Vegas Condos – Las Vegas Condominiums
Preview Vegas condos, find great communities and condominium information.
From the monthly archives:
The drama surrounding project CityCenter has finally come to an end. For the past several months the future of CityCenter was up in the air due to financing issues. Their partner, Dubai World had gotten into a disagreement about the project and MGM Mirage was forced to cover the additional payments. Things came to a [...]
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It seem that project CityCenter has been plagued by problems. Several construction deaths and costly mistakes and now the problem with Dubai World not honoring its financial commitments could spell the end for the project….at least as far as MGM Mirage is concerned. However, according to Reuters, investor Carl Icahn and private equity fund Oaktree [...]
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Las Vegas has always been a town about long odds since its conception. That fact still holds true today, especially with the decline in tourism. In 2008 several smaller home builder went bankrupt, halting projects all over the Las Vegas valley. Westmark Homes, the developer of Mira Villa stopped construction on phase of the project [...]
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The bankrupt luxury loft project Vantage Lofts by Slade Development is now for sale. The $37.5 million of outstanding principal on the loan held by investment bank George Smith Partners, is in an advanced stage of default. The bankruptcy court has now approved the sale of the partial complete property. The lender is selling the [...]
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With the downturn of the economy, MGM Mirage has been putting on a brave front regarding CityCenter. Months ago a “construction defect” caused them to scrap the Harmon condos…..sure it did. I’m sure there were some savings in construction costs that were purely incidental. Earlier they were in talks with Deutsche Bank about providing some [...]
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Sullivan Square started out as an unknown project several years ago. The developers started putting out television ads, very artsy targeting the upper middle class. One of its selling points was that the entire community was going to be green and thus eligible for special tax breaks as well as being great for the environment. [...]
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