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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.

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New Las Vegas homes for sale in Mountain’s Edge are priced at $214,950.  Homes at the Rosetta community by Pardee join Serrano to represent the builder’s current residential real estate in the southern valley.

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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.

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The Vistas Village in Summerlin has final phase of new homes for sale at Kingwood.  There is a wide selection of over 12 floor plans in the west portion of the valley.

The Vistas Village has architectural design cues from Europe with entry clock towers, a picturesque location and lush landscaped streetscape.  The uniqueness has led to very strong home sales.

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