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Las Vegas high rise condo filed for bankruptcy protection this week.  The 21 story downtown luxury condominium project filed for Chapter 11 bankruptcy protection.

Real estate developer Dusty Allen for Streamline Tower racked up approximately $125 million in construction costs of the 275 unit high rise.  Corus Bank of Chicago financed the downtown development.

Continue reading Las Vegas High Rise Condo Filed For Bankruptcy Protection This Week

Liens against real estate developer pile up halting condo progress in Las Vegas.  Economic downturn and improper construction has stopped construction on this $350 million ManhattanWest Las Vegas mid rise real estate development.

Problems arose for ManhattanWest last August. During this time the general contractor Camco Pacific replaced Apco Construction.

Continue reading Liens Against Real Estate Developer Pile Up Halting Condo Progress

Project CityCenter Las Vegas opens applications for jobs on January 5, 2009.  The Las Vegas resort will need more than 12,000 jobs filled by an estimated 100,000 job applicants.  Employment for the $9.3 billion resort will commence early January.

Update 1/5/09: Project CityCenter Jobs are now available.

Hiring for CityCenter’s nongaming hotels, Vdara, Mandarin Oriental and Harmon will be administered by MGM Mirage.  In addition, they will oversee Aria and the dining, entertainment and retail real estate for Crystals.

Continue reading Project CityCenter Las Vegas Opens Applications For Jobs Jan 5, 2009

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.  Continue reading Manhattan West Las Vegas Condos Stopped Construction On Development

Newport Lofts in Las Vegas slashed luxury condo prices with incredible luxury condominium sale and are priced from &199,900.  The unveiling of their new sales center, Oct. 24 – 26 in the high rise, will kick off their new home buyer’s incentive.

Continue reading Newport Lofts In Las Vegas Super Sale For Luxury Condos From $199,900

Credit for housing mortgages now takes longer for luxury condo buyers in Las Vegas real estate.  Condo hotel units are currently appraised at a significant discount from the contracted price several years ago.  Some units are valued 30 percent less and the mortgage lender is lending on the current appraisal.  Most Las Vegas condos on the Strip had a deposit from 20 to 30 percent down.

Continue reading Credit For Housing Mortgages Now Takes Longer For Luxury Condo Buyers