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Palms Las Vegas real estate owners the Maloof brothers are hoping for success in Hollywood. The Maloofs have ventured into professional sports and gambled on real estate in Las Vegas at the Palms hotel.

The Maloof family invested about $700,000 to complete the horror movie “Feast,” which came from the Bravo TV series “Project Greenlight.” The reality show features aspiring directors screenwriters who make films with the help of Matt Damon and Ben Affleck.

“Feast” had Wes Craven as a producer, the movie struggled to get finished. The Maloofs saw an financial opportunity to do relatively well at the box office. (more…)

Tahiti Village Las Vegas timeshare by Consolidated Resorts on Las Vegas Boulevard sees new construction for its second tower of its $135 million flagship timeshare rental in Las Vegas real estate. The tower will be 10 stories with 284 units.

The second phase will be decorated and designed to the same standards of the 154 units in the $60 million first phase, Consolidated Chairman Michael Kaplan said. General contractor is Martin-Harris.

The 1,083 timeshare units should generate an estimated $1.5 billion in sales.

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Las Vegas Nevada Real Estate Luxury Home Sales Sept 12 - 18

Million dollar Luxury Las Vegas homes sales last week:

$1.6 million, Henderson real estate, 6,538 square feet, 6 bedrooms, 5.5 baths, half acre, waterfalls, pool, swim-up bar, grotto cave, five-car garage and family room with wet bar.

$2.48 million, Summerlin Las Vegas real estate, 7,135 square feet, 6 bedrooms, 5.5 baths, theater in basement, pool, balcony, spa, waterfall and barbecue.

$1.2 million, Summerlin Las Vegas real estate, 3,888 square feet, 4 bedrooms, 3.5 bathrooms, guard gated, Strip and mountain views, hardwood flooring, two balconies in master bedroom and a Christopher home.

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Newport Lofts Las Vegas is entering into final construction phase and will begin delivery of Las Vegas loft condominiums to buyers this spring, according to West Seegmiller of Seegmiller Partners, the Las Vegas high-rise real estate developer. Sam Cherry Development is also involved in the downtown Newport Lofts real estate.

The 23-story Newport Lofts tower, located in Las Vegas’ Arts District between downtown and the Strip, will feature hi rise condominium residences starting on the eighth floor.

Featured amenities include custom Italian cabinetry throughout, Italian granite countertops, European fixtures, 10 1/2 -foot-high ceilings, private terraces and floor-to-ceiling windows in select floor plans.

Thirteen single-story Newport lofts floor plans are available, ranging from 912 to 1,650 square feet, as well as 12 Newport penthouse designs, measuring from 1,800 to 3,000 square feet. Newport condos prices range from the mid-$400,000s to $1.9 million.

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