Archive for the 'Las Vegas Real Estate' Category

Las Vegas Conventions Schedule For July 10 - 16 2006

Sunday, July 9th, 2006

Las Vegas Conventions Schedule For July 10 - 16 2006

Calendar of Conventions in Las Vegas

Convention, Location, Start Date, End Date, Attendees

FALMOUTH INSTITUTE, INC. - INTRODUCTION TO GRANT WRITING FOR TRIBAL ORGANIZATIONS
WESTIN CASUARINA HOTEL & SPA, THE 06/19/2006 09/21/2006 25
DANCE MASTERS OF AMERICA
RIVIERA HOTEL AND CASINO 06/30/2006 07/18/2006 1300
EDISON SCHOOLS, INC.
JW MARRIOTT LAS VEGAS 07/07/2006 07/14/2006 400
AVIATION SUPPLIERS ASSOCIATION
FOUR SEASONS HOTEL LAS VEGAS 07/08/2006 07/11/2006 200
CENTRAL PARK OF AMERICA
EXCALIBUR HOTEL AND CASINO 07/08/2006 07/12/2006 60
ASSOCIATION OF CERTIFIED FRAUD EXAMINERS

THE VENETIAN 07/09/2006 07/14/2006 1600
COMMUNICATIONS WORKERS OF AMERICA (AFL-CIO, CLC)
LAS VEGAS CONVENTION CENTER 07/09/2006 07/11/2006 4000
CREDIT UNION CONFERENCES
MANDALAY BAY RESORT AND CASINO 07/09/2006 07/11/2006 300
MOLECULAR DEVICES CORPORATION
BELLAGIO 07/09/2006 07/14/2006 67
HSBC GROUP
NEW YORK-NEW YORK HOTEL AND CASINO 07/10/2006 07/13/2006 45
TUCKER FAMILY REUNION
CIRCUS CIRCUS HOTEL, CASINO AND THEME PARK 07/10/2006 07/15/2006 145
U. S. ARMY CORPS OF ENGINEERS
IMPERIAL PALACE HOTEL AND CASINO 07/10/2006 07/14/2006 32
U. S. DEPARTMENT OF DEFENSE
MGM GRAND HOTEL AND CASINO 07/10/2006 07/13/2006 1000
CREDIT UNION CONFERENCES
MANDALAY BAY RESORT AND CASINO 07/11/2006 07/14/2006 300
VIDEO SOFTWARE DEALERS ASSOCIATION
THE VENETIAN 07/11/2006 07/13/2006 4200
AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL
CAESARS PALACE 07/12/2006 07/14/2006 25
AMERICAN SOCIETY OF CIVIL ENGINEERS
CLARION HOTEL & SUITES - EMERALD SPRINGS 07/12/2006 07/14/2006 25
COMBINED INSURANCE COMPANY OF AMERICA
RIO ALL-SUITE CASINO RESORT 07/12/2006 07/14/2006 40
TALLEY DEFENSE SYSTEMS
CAESARS PALACE LAS VEGAS 07/12/2006 07/17/2006 10
ULTIMATE SOFTWARE GROUP, THE
WYNN LAS VEGAS 07/12/2006 07/17/2006 100
AESTHETIC MD
WYNN LAS VEGAS 07/13/2006 07/16/2006 100
ASSOCIATED LOCKSMITHS OF AMERICA
LAS VEGAS CONVENTION CENTER 07/13/2006 07/15/2006 4500
BATTS FAMILY REUNION
BALLYS LAS VEGAS 07/13/2006 07/17/2006 50
GAP, INC.
NEW YORK-NEW YORK HOTEL AND CASINO 07/13/2006 07/14/2006 14
HAMILTON FAMILY REUNION
IMPERIAL PALACE HOTEL AND CASINO 07/13/2006 07/16/2006 30
HERBALIFE INTERNATIONAL
LAS VEGAS CONVENTION CENTER 07/13/2006 07/16/2006 10000
HISPANIC EMPLOYMENT PROGRAM
TEXAS STATION 07/13/2006 07/14/2006 300
INTERNATIONAL TRAINING N COMMUNICATIONS
PLAZA HOTEL & CASINO 07/13/2006 07/16/2006 200
LIVE OUT LOUD
RENAISSANCE LAS VEGAS HOTEL 07/13/2006 07/15/2006 300
MCGRUDER FAMILY REUNION
STRATOSPHERE CASINO HOTEL & TOWER 07/13/2006 07/16/2006 80
NATIONAL SOCIETY OF BLACK ENGINEERS - ALUMNI EXTENSION SUMMIT
STRATOSPHERE CASINO HOTEL & TOWER 07/13/2006 07/16/2006 40
STRATEGIC EDGE COMMUNICATIONS
THE VENETIAN 07/13/2006 07/16/2006 30
BUTCHER BASKETBALL LEAGUE
PALACE STATION HOTEL-CASINO 07/14/2006 07/16/2006 100
CARR / HOLMES FAMILY REUNION 2006
RIVIERA HOTEL AND CASINO 07/14/2006 07/16/2006 40
INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITHS, FORGERS AND HELPERS
THE MIRAGE 07/14/2006 07/31/2006 1350
LEBLANC CARRIERE HOLLIER FAMILY REUNION
ORLEANS HOTEL AND CASINO 07/14/2006 07/16/2006 200
NATIONAL NUTRITIONAL FOODS ASSOCIATION
SANDS EXPO CENTER 07/14/2006 07/16/2006 8000
PARKER-NEWELL FAMILY REUNION
MULTIPLE 07/14/2006 07/16/2006 100
TEJANO MUSIC CONVENTION
LAS VEGAS HILTON 07/14/2006 07/16/2006 3000
ZAMA ALUMNI ASSOCIATION
SOUTH COAST 07/14/2006 07/16/2006 250
WOLIN DESIGN GROUP
MGM GRAND LAS VEGAS 07/15/2006 07/18/2006 50
BSI AMERICA
AMERISUITES 07/16/2006 07/21/2006 15
CIRCLE-LETS, THE
THE MIRAGE 07/16/2006 07/19/2006 168
COSMOPROF NORTH AMERICA
MANDALAY BAY CONVENTION CENTER 07/16/2006 07/18/2006 30000
DANGEROUS GOODS INTERNATIONAL (DGI) TRAINING CENTER TUSCANY SUITES & CASINO 07/16/2006 07/21/2006 25
FALMOUTH INSTITUTE, INC. - ROBERTS FULES OF ORDER
ATRIUM SUITES HOTEL 07/16/2006 07/22/2006 35
JAYCO, INC.
RIO ALL-SUITE CASINO RESORT 07/16/2006 07/19/2006 500
NATIONAL HISPANIC COALITION OF FEDERAL AVIATION EMPLOYEES - NATIONAL TRAINING CONFERENCE
MONTE CARLO HOTEL & CASINO 07/16/2006 07/21/2006 200
ROBINSON FAMILY REUNION 2006
MANDALAY BAY RESORT AND CASINO 07/16/2006 07/19/2006 100

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Las Vegas conventions schedule for July 10 - 16 2006.

Healthy Las Vegas Retail Market For 2006

Friday, July 7th, 2006

Fashion Show Mall in Las VegasRapid Las Vegas population growth and rising median household incomes are keeping the Las Vegas retail market healthy through the first half of the year. Las Vegas fell to No. 19 from No. 12 in 2005 in a report from Marcus & Millichap brokerage firm that ranked 42 cities based on a series of supply-and-demand indicators such as population, employment, retail construction and vacancy rates.

Part of the problem is that retail developers have not been able to compete with Las Vegas home builders for 10 and 15 acre potential retail sites, Hank Gordon of Las Vegas-based Laurich Properties said.

The market is still enjoying healthy retail sales growth and tightening vacancy rates among retail properties, said Christopher LoBello, regional manager of Marcus & Millichap in Las Vegas.

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Las Vegas Home Sales For June 2006

Friday, July 7th, 2006

Homes For Sale In Las VegasHomes for sale in Las Vegas Valley housing market continued its increase in June with slower sales and increased listings. There were 2,527 homes sold last month, a 1.1 percent dip from May and 23.8 percent less than a year ago, reports the Greater Las Vegas Association of Realtors (GLVAR).

Las Vegas home listings, meanwhile, jumped to 6,060 units in June, which is 11.8 percent more than in 2005. The valley’s available housing inventory grew to 20,026 units in June, or nearly 32 percent more than a year ago.

Median homes for sale in Las Vegas prices, however, climbed to $315,000 in June, which is five percent higher than in 2005, GLVAR reports. Yet it’s now taking longer to sell homes. Only 40 percent of June Las Vegas home sales occurred within 30 days or less. A year ago, by contrast, nearly 52 percent of all home sales happened in less than 30 days.

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The Market Stats For Las Vegas Luxury Condos

Thursday, July 6th, 2006

W Residences Las Vegas Luxury CondosLas Vegas’ luxury condominium market slowed in the second quarter as a result of condo project cancellations and suspended sales. There were 135 projects proposed totaling 91,934 units at the end of June, yet only 14.6 percent of those units were actually under construction, reports Applied Analysis, a Las Vegas-based business advisory firm.

An estimated 6,900 luxury condo units had suspended sales, while another 1,900 units had officially cancelled.

“It would be impracticable to believe the Las Vegas real estate market could absorb the entire potential inventory in the market today,” said Jeremy Aguero, principal of Applied Analysis. “Several projects have witnessed a material decline in the number of investor purchasers.” Speculative plans made-up 55 percent of the market in the second quarter. Only 2,300 units were already pre-existing, including Turnberry Place, Metropolis and Park Towers at Hughes Center. Condo Pre-sales, meanwhile, accounted for 17.7 percent of market at the end of last month.

While the market for Las Vegas luxury condos doubled in size over the last year, less than 25 percent of all projects have broken ground thus far.

“While projects that are currently under construction have reached the critical mass in terms of sales to provide sufficient financing, the remaining units vying for potential buyers will either prove their ability to move forward in the 12 months, or not,” said Brian Gordon, principal of Applied Analysis. “Construction cost dynamics and consumer perceptions about extended sales periods decrease the likelihood for success for many of these projects.”

And there is also an active resale market by investors and speculators looking to sell the units. There were 246 existing condo homes for sale in Las Vegas listed for sale in the second quarter, with an average asking price of $1.1 million or $631-per-square-foot.

“A significant number of these projects have failed to move forward as originally proposed, calling into questions the number of units that will actually reach the market during the next five years,” Gordon said. “The number of luxury condominium projects programmed in Las Vegas remains high, yet those projects actively marketing remains only a fraction of the inventory potential.”

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Source:LV Business Press

The market stats for Las Vegas luxury condos.