Liens Against Real Estate Developer Pile Up Halting Condo Progress

Manhattan West CanceledLiens 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.

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Manhattan West Las Vegas Condos Stopped Construction On Development

Manhattan West CondoManhattan 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

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

Newport Lofts CondosNewport 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.

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Manhattan West Condos For Sale In Las Vegas Topped Off Element House

Manhattan West CondosManhattan West condos for sale in Las Vegas, Nevada real estate topped off Element House.  Element House is the nine story flagship building within the southwest development of Manhattan West.  It is located off of the I 215 and Russell.

Gemstone Development is continuing construction progress while others in the Las Vegas real estate market have either halted or stopped their projects due to the falling credit market and current economic conditions including Trump Towers Las Vegas, Plaza, Crown Las Vegas and Echelon on the Strip.

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One Las Vegas Condos On The Strip Receives Occupancy Certificates

Weight LossOne Las Vegas condos on The Strip receives occupancy certificates. The two high rise 20 story luxury towers located near I-15 and Blue Diamond Boulevard have opened its doors for their first residents. Approximately 40 condos have closed escrow. The $150 million project first phase offers 359 units within the towers.

One condominiums join company with other nearby projects including Manhattan, Boca Raton and Park Avenue with Loft 5 condos construction is expected to finish soon.

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Sullivan Square Las Vegas Developer Sues Ireland Investor For Breach

Sullivan Square CondosSullivan Square Las Vegas developer sues Ireland investor for breach of contract to finance the mixed use real estate project for up to $800 million.

Filed this week in the Clark Country District Court, the lawsuit alleges Harcourt Nevada failed to perform funding and breach of fiduciary duty.

The attorney for Sullivan Square real estate in Las Vegas, Nevada said Patrick Doherty, principal of Harcourt, used Glen, Smith & Glen development to raise the condo project from ground breaking to vertical and then take control to finish.

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