Las Vegas Condos – Las Vegas Condominiums
Preview Vegas condos, find great communities and condominium information.
From the category archives:
With the appropriate amount of fanfare, the mammoth project CityCenter finally opens. Project CityCenter has been certified as a green project, making it the largest green project in the state surpassing the Palazzo. CityCenter offers two luxury hotels with some fantastic room deals to entice visitors, like $109 a night with unlimited play and other [...]
{ 0 comments }
In the midst of the worse condo market ever, project CityCenter managed to beat the odds and continue to race towards completion. Over the past 18 months, several high profile condominium and loft projects joined the ranks of the dream projects. CityCenter is set to open next month and the final preparations are being made. [...]
{ 0 comments }
It seems that the Las Vegas real estate market is rapidly becoming a serial soap opera. The local courts have been kept very busy with lawsuits. Earlier this year it was Fontainebleau suing over financing along with CityCenter, then CityCenter was being sued by early condo buyers requesting large price reductions on their units. Not [...]
{ 0 comments }
Earlier this year CityCenter was facing a revolt from its contract buyers demanding price reductions on their units. A small group of buyers went so far as to obtain an attorney to try to get out of their contracts because the contract price was no longer fair. Now, since when is anything in life fair? [...]
{ 1 comment }
Recently a lot of local and national press have been focused on a small group of buyers at CityCenter. Some early condo buyers are demanding significant price reductions….despite signing a contract. Now, I’m not taking sides. I had agreed to buy a property, sight unseen, years before it would be completed and then as it [...]
{ 1 comment }
The courts have been kept quite busy since the real estate bubble burst. If you surf the web, it seems that everyone was predicting that the housing market crash. One of the things that people tend to forget is that there is no guarantee that any property you buy will go up in value.
Right now [...]
{ 0 comments }
One thing is for certain, the courts have been kept busy by developers. In an interesting turn, the owners of Fontainebleau are accusing their lender, Deutsche Bank of trying to destroy their project in order to protect their own condo project.
Deutsche Bank, along with several other lenders were named in a lawsuit claiming that they [...]
{ 3 comments }
Over the past 18 months, several high rise projects have gone back to the banks financing them. Newport Lofts, the Cosmopolitan, Turnberry Towers and Mira Villa have all been taken over by the banks due to bankruptcy. Two more projects can be added to that list, Streamline Tower in downtown Las Vegas filed for Chapter [...]
{ 2 comments }
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 [...]
{ 0 comments }
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 [...]
{ 0 comments }
