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Sandhurst Las Vegas condos has been cancelled in Las Vegas real estate. A Downtown Las Vegas condo project bites the dust. Yesterday, Las Vegas new home buyer’s deposits have been returned totaling $7 million. Rising real estate construction costs have closed this Las Vegas condominium project.

Sandhurst condos says it has been cancelled doesn’t mean it might not have a chance in the future. Several investors who have title to the Las Vegas land wish to continue building. It is a possibility in the future for this new condo project.

More than 60 percent of Sandhurst Las Vegas condos were under contract. Corus Bank was working with Sandhurst for a $250 million in construction financing, but equity financing was difficult for the real estate developer.

With the increasing construction prices, especially last year, real estate investors wanted to wait for stabilizing costs.

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Calendar of Conventions in Las Vegas Real Estate

Las Vegas Convention Schedule For JAN 23 - 29 2007

Las Vegas Convention, Location, Start Date, End Date, Attendees

• FALMOUTH INSTITUTE, INC. - SECURITY FORCE POLICIES
• ATRIUM SUITES HOTEL 01/30/2007 01/31/2007 25
• LET’S PLAY HOCKEY INTERNATIONAL EXPO
• SOUTH POINT 01/30/2007 01/31/2007 7,500
• TEXON INTERNATIONAL
• TUSCANY SUITES & CASINO 01/30/2007 02/07/2007 12
• ASSOCIATION OF COLLEGIATE EDUCATORS IN RADIOLOGIC TECHNOLOGY
• ORLEANS HOTEL AND CASINO 01/31/2007 02/02/2007 764
• BURNS ENGINEERING SERVICES, INC.
• VENETIAN LAS VEGAS 01/31/2007 02/02/2007 50

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Panorama Towers Las Vegas high-rise condos features resale units available for purchase and occupancy in Panorama Tower I.

Resale units prices start from the high $400,000s and are available for immediate move-in. Panorama Tower Las Vegas III start from the mid-$500,000s.

Update: SOLD - Panorama Tower Las Vegas Tower 2 Villa # 4 has become available. The luxury condo high rise price is $625,000.00. This 2 story LOFT unit faces East with a Strip view and will be completed by summer 2007. It is 1291 sq.ft. with 1 bed and 1.5 baths. The Las Vegas loft includes 22 feet of glass, this unit has a fantastic view of the Las Vegas Strip. These exclusive villas are located above the retail pavilion in front of the tower. The same villa is for re-sale in Panorama Tower 1 and its price is $999,000.

This Las Vegas high-rise lifestyle at one of the best locations in the city, including great prices, as low as $525 per square foot, something that no other similar high-rise project can match including Signature MGM Grand Residences and Trump Tower Las Vegas.

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Las Palmas Las Vegas condos planned by South Florida real estate developer, Peebles Atlantic Development Corp. This Las Vegas luxury real estate project is expected to be Southern Nevada’s most expensive and largest luxury condo hotel project. Location is set across from the Wynn Las Vegas golf course on Paradise Road at the 13 acre site of the current Las Palmas apartment complex.

Las Palmas Las Vegas luxury condos will be built for the affluent traveler. These luxury condominiums will be a place where high-profile people will be able to conduct business and relax while enjoying luxurious accommodations close to the Strip.

Peebles Atlantic Development isn’t discussing the cost of the 55-story, 1,830-room Las Vegas development but estimates are the total price could approach $1 billion.

Peebles Atlantic is seeking construction permits and hopes construction in Las Vegas next year. A Las Vegas hotel of four to five star quality built in construction phases. The first construction phase will include an 800-room Las Vegas hotel at the front and a 35,000-square-foot luxurious spa. (more…)