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Cosmopolitan Las Vegas condo hotel on The Strip begin foreclosure proceedings. Deutsch Bank notified the Cosmopolitan real estate developers a week ago that they will start bankruptcy due to the rising construction costs and volatile credit markets.

The luxury high rise is adjacent to the massive MGM Mirage Projecty CityCenter resort on the Strip.

Another potential construction delay or complete scrapping of a $6 billion development could be The Plaza at the previous site of the New Frontier across from Wynn Las Vegas, Nevada.

Continue reading Cosmopolitan Las Vegas Luxury Condos On The Strip Begin Foreclosure

Vantage Lofts Las Vegas condos construction progress stops due to financing restructuring. Slade Development expects to continue within a few weeks.

Slade Development sales figures were not what they expected of the $160 million lofts project. Based on the mortgage crisis and current real estate market they weren’t prepared for the lack of buyers to their project in Henderson.

Continue reading Vantage Lofts Las Vegas Condos Construction Stops Due To Financing

Pinnacle Las Vegas high rise condos $650 million real estate project is canceled. Sales have been suspended February 22, 2008 and the real estate agents for the development have been told their job is no longer available.

Nevada Title is the escrow company that held the buyers’ deposits of the condominiums for sale in Las Vegas, Nevada real estate. In accordance to their contract, Nevada Title is releasing the buyers’ deposits and interest as quickly as possible.

Continue reading Pinnacle Las Vegas High Rise Condos $650 Million Project Is Canceled

Trump Towers Las Vegas opens first tower in March with two restaurants, bar and luxurious spa.

Luxury Las Vegas condos at Trump International Hotel & Tower real estate will have access to world class spa and an upscale dining option.

Trump Tower I offers studio units, one bedroom, two and three bedroom Las Vegas penthouse suites. Beautiful view floor to ceiling windows will offer impressive views of the Strip. Some amenities include embedded TVs, marble floors in baths and entries, kitchen granite countertops and vanities with marble countertops.

Continue reading Trump Towers Las Vegas Opens 1st Tower With A Bar, Spa & Restaurants

Las Vegas homes sales figures and Las Vegas mls figures show single family homes inventory increase for January 2008. The Greater Las Vegas Association of REALTORS or GLVAR reported the inventory of homes, townhomes and condominiums in Las Vegas, Nevada real estate for January reached 22,117 listed. This is an increase of 112 or .05 percent from the previous month of 22,005 residential real estate listed in the mls. From January 2007, that is an increase of 17.8 percent of inventory.

The Las Vegas mls shows a medium price of a single family home at $249,900, or a decrease of 3.9 percent from $260,000 in December 2007.

Continue reading Las Vegas Homes Sales Figures & Las Vegas MLS Jan Inventory Increase

Trump Towers Las Vegas condos are slated for a grand opening March 31, 2008. The gilded condo hotel in Las Vegas, Nevada real estate includes 1,282 units with residents closing on their residences the first part of March.

The luxury boutique hotel rental program of Trump International Hotel & Tower will be available to homeowners, which allows the leasing of their units, on March 31, 2008.

Continue reading Trump Towers Las Vegas Condos Are Slated For A Grand Opening March 31