Archive for May, 2005

Las Vegas Condo Developer in Breach of Contract?

Monday, May 30th, 2005

Las Vegas condo developers behind the Vegas Grand condominium project are facing down a class action lawsuit being filed on behalf of five individuals who claim the developers failed to honor prices that were established when they reserved their units. The developers now are requiring prospective buyers to pay higher prices in order to convert […]

Las Vegas Retail Real Estate Convention

Friday, May 27th, 2005

Las Vegas’s reputation as a booming real estate market and a great place to hold a convention converged this week, as more than 40,300 people descended on the 2005 International Council of Shopping Centers Spring Convention held in Las Vegas.
Retail real estate is booming like everything else in Las Vegas. As Americans prove over and […]

Nevada Property Taxes A Concern for Residents

Monday, May 23rd, 2005

Las Vegas, Nevada’s News 4 Local News reported today on a poll that said 60% of Nevada residents favor limiting property tax increases to 3% per year for most homeowners, and 8% per year for other property owners.
Of all Nevada residents, the poll also found that 68% favor a constitutional amendment like one passed in […]

Happy 100th Birthday, Las Vegas!

Monday, May 16th, 2005

Las Vegas is marking its 100th birthday! Just think, 100 years ago today, Las Vegas real estate went for between 100 and 750 dollars for a single 110-acre lot. Things have changed a lot since then!
Happy birthday, Sin City!

Las Vegas Condo Hotels Offer Advantages and Disadvantages

Tuesday, May 10th, 2005

When investing in a chic Las Vegas condo, bear in mind the crucial differences between condos and condo hotels. The Las Vegas Business Press today published a cautionary tale on the subject. While a condo hotel offers the owner the chance to bring in some extra revenue by renting out the unit, it comes with […]

MGM Mirage Banks on Las Vegas Real Estate

Thursday, May 5th, 2005

Las Vegas real estate is shaping up to be a big part of MGM Mirage’s continued growth strategy. At its annual shareholder meeting, executives touted the $4.7 billion CityCenter project, which will contain multiple hotels and condominium towers. Las Vegas condos will likely be fueling future revenue expansions. Thanks to the booming Las Vegas real […]