Sorry if this post seems a bit disjointed. There’s so much to tell you that just can’t wait until Friday. First of all, don’t forget to watch the latest Getting REAL (Estate) in Vegas for an overview of East side neighborhoods, condo financing criteria, and more! Let’s tackle home sales and prices. Some experts expect [...]
Office vacancies are up to a 17 year high at 17.4%. Obviously, a quick look at inventory will show you that some buildings have higher occupancy than others, and that the usual factors are at play — price, location, lease terms. That building in poor repair, or with unreasonably high rents and other costs, or [...]
Prof tells us it’s going to be at Las Vegas Blvd and Harmon, near CityCenter. Anchoring will be the Strip’s 4th Walgreens, providing not only prescriptions but also cheap souvenirs, bottled water, and sundries. Walgreens won’t be the only retailer in the 3 story, $25,000,000 project, but it will take 100,000 square feet — 1100 [...]
These pictures of Death Valley wildflowers were too good not to pass along. As a bonus, here’s an item on a new report speculating that the Las Vegas Valley may be overbuilt. While this may not be good news, it does mean that there are some great housing and commercial real estate bargains to be [...]
Hooters Las Vegas is currently in default, and is trying to restructure $147 million in debt. More on the Cosmopolitan: Deutsche Bank has had to write down a half billion euros — about $748 million — and there is no clear opening date in sight. I’ve said before that the housing crisis will not be [...]
The FDIC is ordering the liquidation of properties held by Corus Bankshares, which the FDIC took over last week. Corus lent a lot of money to condo developers locally: Other local projects [besides One Las Vegas and Streamline Towers] financed by Corus include Meridian ($111.3 million), Platinum ($87.6 million), Loft 5 ($56.5 million), Juhl ($106.2 [...]
The foreclosure problem is has been so bad here that Las Vegas, North Las Vegas, Henderson, and Clark County are teaming up to best get and use Federal stimulus money. People who signed up to buy condos in the City Center project are not very happy right now. They bought near the top of the [...]
Because Vegas has lost jobs over the last year, our population is down. And that in turn has caused apartment vacancy rates to rise and rents have dropped to 2006 levels. Economist and real estate expert Robert Shiller (whose name you may recall from the Case-Shiller index) says that real estate prices will continue to [...]
First, a big Welcome Home! to almost 300 airmen of Nellis Air Force Base, returning from overseas missions. Another welcome sign, Mojave Max has emerged from his hibernation at the Desert Tortoise Conservation Center. That makes it “officially spring” for some Las Vegans. If you live in Vegas, your mortgage is with Chase, and you are [...]
This morning, we have news that the Fontainebleau Las Vegas has adequate funding to keep building, and is still on track for opening this coming fall. More: The Las Vegas resort promises 28 restaurants and lounges including a 5,000-square-foot “chocolate experience,” award-winning chefs including Alfred Portale and Scott Conant, Michelin-rated Cantonese cuisine, a noodle shop [...]
