Archive for June, 2008

Don’t forget to vote

June 30, 2008

Although we made our decision about potential Presidential candidates with a caucus, Nevada does have a primary election for other positions coming up in a couple of weeks.  Here’s a little more about who we will be voting for/against. The intersection of real estate and politics is right here, in this item from the IHT [...]

Posted in Nevada, Politics Comments Off

Cosmopolitan

June 24, 2008

Yesterday, the International Times Herald ran a Bloomberg article called Defaults in Las Vegas turn investment banks into decorators. I can only imagine the number of signatures that have to be gathered to actually change a paint color! Here’s an excerpt: Since January, when Ian Bruce Eichner, a New York developer, defaulted on a $760 [...]

Posted in Distressed Property, Las Vegas Commercial Development, The Law, Vegas Economy Comments Off

Follow Up, and a Bonus

June 17, 2008

Some time back I mentioned that many countries do not have the same level of regulation for real estate agents that we have here in the United States. Did you know that many states model their rules for real estate salespeople and brokers in part on the National Association of Realtors’ Code of Ethics? Well, [...]

Posted in Distressed Property, General Real Estate, Las Vegas Real Estate, Nevada, Realtors Comments Off

Ivanpah

June 13, 2008

Most people have never heard of Ivanpah. No, not the “ghost town“. The proposed solar power farm? Well, that’s closer. I am referring to Ivanpah International Airport — currently a hunk of desert near Jean, Nevada — a facility well supported in Nevada and almost unanimously supported by Congress. It is supposed to take some [...]

Posted in Las Vegas Commercial Development, Las Vegas Real Estate, Nevada, Vegas Economy Comments Off

Odds and Ends 8

June 7, 2008

No Crown for Vegas: Back in December, Clark County approved the Crown project, which would have been the second tallest structure on the Strip. This week, “Company officials said the recent upheaval in the world financial market caused the plans to be scrapped.” Furthermore, they will stop making payments towards purchasing the land for the [...]

Posted in Distressed Property, General Real Estate, Las Vegas Commercial Development, Mortgage and Financing, Realtors Comments Off

I think he knows what he’s talking about

June 4, 2008

Alex Edelstein of Frothing Developer is on a tear about what he feels are inaccurate numbers of high rise condos under development being reported. And he should know — he’s the developer behind a bunch of those condos!  It turns out that the Las Vegas Review Journal reported total condos being built as just high-rise [...]

Posted in Las Vegas Condominiums, Las Vegas Real Estate Comments Off