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Verge downtown Las Vegas condos have been on a sales roller coaster ride.  Last year there was a lot of press and hype about their one day condominium sales.  Lowered deposits fueled the excitement for downtown Las Vegas Nevada real estate.  Now the momentum has all but come to a screeching halt.

Verge developer is currently going through a $2 million redesign for the project located at Main Street and Bonanza Road in downtown Las Vegas, NV.

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One Las Vegas condos on The Strip receives occupancy certificates. The two high rise 20 story luxury towers located near I-15 and Blue Diamond Boulevard have opened its doors for their first residents. Approximately 40 condos have closed escrow. The $150 million project first phase offers 359 units within the towers.

One condominiums join company with other nearby projects including Manhattan, Boca Raton and Park Avenue with Loft 5 condos construction is expected to finish soon.

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Paxton Walk Las Vegas real estate developer stops construction.  Paxton Walk in North Las Vegas, NV is a 30 acre $200 million mixed use development.  Avi Ruimi, real estate developer, started assembling the parcels of land for the past 14 years.

The recent market conditions has updated his construction plans and has since stopped the project and return the deposits to the 50 condo buyers.

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Vegas Grand luxury condos now controlled financially by Lehman Bros. A local Las Vegas commercial real estate company is now marketing the development. Vegas Grand is located near Swenson Street and Flamingo.

About a year ago, the land for Vegas Grand in Las Vegas, Nevada was appraised for $72.5 million, or about $4.55 million an acre with the cost of construction is approximately $78 million.

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