Project CityCenter Harmon Las Vegas condos have been canceled along with a one year construction delay. Structural integrity construction issues have forced the Harmon residential component of 200 units to be canceled from the $9.2 billion resort and delay the opening of the luxury Harmon Hotel.
Update 1/5/09: Project CityCenter Jobs are now available.
Las Vegas real estate market update & resale home sales for November 2008. There were more than 60 percent of homes listed in the multiple listing service as bank owned resale properties. With 2008 being one of the worst home sales years it will take a while for the market to rebound.
Nationwide news chronicle reports mortgage rates keep dipping. Many home owners took advantage of the almost 5 percent rate recently and are seeking a home refinance. Will this be a push the market needs for an economic stimulus? Or is the worsening economy negated by the benefits of the rates in the very heavy foreclosure glut of Las Vegas Nevada real estate?
Las Vegas commercial real estate cites bad economy to delay construction progress. News strikes again in the city of delayed or halted developments. The economic slowdown and rising construction costs delayed the $850 million Tivoli Village at Queensridge.
Another commercial real estate development is taking the wait and see approach to construction progress including Summerlin Centre, Manhattan West and Echelon Las Vegas. They say continued construction will be at a slower pace.
Christopher Milam makes second bid for real estate on Las Vegas Strip. The Texas real estate developer is making a second attempt to purchase the land on the old Wet n Wild site for $618 million, or $22.9 million per acre located next to Sahara hotel. This news was distributed from a filing with the Securities and Exchange Commission.