Lifestyle Magazine Curating Travel, Food, Tech, Celebrities And Events

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.  (more…)

MGM Mirage sells Treasure Island Las Vegas hotel to Phil Ruffin for $775 million.  Ruffin, is the previous owner from Kansas, of the New Frontier hotel, across from the soon to open Encore Las Vegas.  He’s decided that there is no better time to invest in Vegas.

The New Frontier Strip hotel was sold for $1.24 billion in May 2007 to the Elad Group.  Imploded in Nov 2007 to a lot of fanfare.

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Las Vegas Nevada Real Estate

Luxury Real Estate Home Sales For Dec 1 - 7 2008

$2.28 million, Red Rock Country Club in Summerlin, 5,555 square feet, 5 bedrooms, 4.5 bathrooms, custom iron railings, marble and wood floors, extensive stone and millwork, Viking appliances and remote shades in this luxury golf course home.

$1.18 million, Summerlin Real Estate, 4,586 square feet, 3 bedrooms, 3.5 bathrooms, guard gated golf course home, highly upgraded, grand entry, courtyard with waterfall.

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Las Vegas Nevada Real Estate

Luxury Real Estate Home Sales For Oct 14 - 20 2008

$1.35 million, Red Rock Country Club in Summerlin, 5,037 square feet, 5 bedrooms, 5.5 baths, and mountain views, custom cabinetry, infinity edge pool, mahogany wood and travertine floors.

$2.5 million, Canyon Gate Country Club luxury home, 7,876 square feet, 5 bedrooms, 5.5 baths, three-fourths acre, casita, fairway golf course views, five-car garage and pool.

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