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Manhattan West Las Vegas condos stopped construction on development in west Las Vegas real estate.  The mid rise development by Gemstone Development cites mortgage lenders terminating financing.

The local real estate developer is looking to create an investment group for buying discounted senior notes for completion of the development.

This past year in Las Vegas the pricing for residential real estate has deeply been discounted.  Many developers have lowered their prices to levels of at or below their cost.  At this pace many builders are going bankrupt or out of business.  Continue reading Manhattan West Las Vegas Condos Stopped Construction On Development

Condos in Summerlin real estate approved by bankruptcy judge to complete construction.  The news this week about the Mira Villa luxury condos comes to buyers as a relief after they have been in limbo for nine months since the luxury project stopped.

The new general contractor is Isaac Construction and is under the deadline of January 6, 2008 before the building permits expire.  They will need to be onsite for many inspections.

Continue reading Condos In Summerlin Real Estate Ok'd By Bankruptcy Judge To Complete

Las Vegas condo buyers may see deposits returned after court approval.  The bankrupt Mira Villa condos in Summerlin are close to several motions for the bankruptcy trustee to approve postbankruptcy financing of $38 million in several weeks.

The luxury Summerlin condominiums stopped construction earlier this year.  Last month the court held a hearing for purchase agreement cancellations.  If creditors don’t object to the refunds, buyers could see deposits returned from escrow.  Nearly 50 buyers have asked for their contract cancellation.

Continue reading Las Vegas Condo Buyers May See Deposits Returned After Court Approval

Las Vegas St. Regis Residences by Sands Corp stops condo construction and some real estate expansion in China.  The $1.8 billion in capital expenses reduction is a necessity or some of the gaming operator’s loans could be in default and end up in bankruptcy.

Continue reading Las Vegas St. Regis Residences By Sands Corp Stops Condo Construction

MacDonald Highlands continues with up to $170 in luxury new home construction.  Upgrades and additional amenities to the community in Henderson, Nevada real estate will be included.

Residents in the southern valley are noticing grading to the hillside of the McCullough Mountains for luxury residential real estate.  The 40 luxury custom homes are located near Horizon Ridge Parkway.

Continue reading MacDonald Highlands Continues With $170 Million In Home Construction

Tivoli Village at Queensridge in Summerlin real estate adds retailers to their shopping center.  Despite the economic conditions this mixed use real estate in Queensridge continues unlike other high profile developments including Echelon Resort, Summerlin Center and Crown Las Vegas hotel.

Continue reading Tivoli Village At Queensridge In Summerlin Real Estate Adds Retailers