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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 [...]
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CityCenter, long thought to be the one bullet proof project in Las Vegas announced that one of the component towers, the Harmon Hotel & Spa will not have any condominiums as originally planned.
Citycenter CEO Robert Baldwin said stated that by removing the condos it removed “the need for substantial redesign…resulting from contractor construction errors.”
That is itself [...]
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Manhattan West has stalled, suspending construction until new financing can be secured. It’s kind of ironic, considering what the developer, Alex Edelstein stated in the press last year to another developer when his project was cancelled.
Gemstone Development who developed the Manhattan condos community on south Las Vegas boulevard has lost funding for the $350 million [...]
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Mira Villa condos in Summerlin had an unsure future. The developer, Westmark Homes went into bankruptcy and the future of their current projects were in limbo. Last month a bankruptcy judge approved the completion of construction. real estate approved by bankruptcy judge to complete construction. The decision includes the completion of the 113 units, plus [...]
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An article in the Las Vegas Review Journal stated that home and condo sales are up, way up as a matter of fact. Strangely you won’t see much else in the media about how robust the Las Vegas condo market has become this year. According to statistics provided by the Greater Association of Las Vegas [...]
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