One Queensridge Place Las Vegas Luxury Condos Extends Loan Repayment

One Queensridge placeOne Queensridge Place Las Vegas luxury condos receives loan extension until from mortgage lenders until May 2009.  The real estate developer of One Queensridge Place near Summerlin, Nevada is IDB Development Corp.

IDB company is also developing the mixed use project, across the street from One Queensridge Place, the Tivoli Village at Queensridge.  Through Executive Home Builders they are investing $850 million dollars with cash equity in the Tivoli Village project.

Queensridge high rise started two years ago in construction.

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Vantage Lofts Las Vegas Condos Filed Bankruptcy With $72 Million Debt

Vantage LoftsVantage Lofts Las Vegas condos filed for bankruptcy with $72 million in debt.  The Henderson real estate development company, Slade Development, last week asked for court protection due to the credit market crunch.

This move could have been seen since the sales office closed four months ago because subcontractors filed mechanics liens totaling $17 million for their unpaid construction work.  Assets are listed at $45 million.

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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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Vegas Grand Luxury Condos Now Controlled Financially By Lehman Bros

Vegas GrandVegas Grand luxury condos now controlled financially by Lehman Bros. A local Las Vegas commercial real estate company is now marketing the development. Vegas Grand is located near Swenson Street and Flamingo.

About a year ago, the land for Vegas Grand in Las Vegas, Nevada was appraised for $72.5 million, or about $4.55 million an acre with the cost of construction is approximately $78 million.

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