Pinnacle Las Vegas Hi Rise Condos Secures Financing For Real Estate

Las Vegas Pinnacle Condos

Pinnacle Las Vegas condo-hotel at Tropicana and Cameron avenues, a $850 million Las Vegas real estate project, across from The Orleans hotel-casino, are moving forward. The Falcon Group, project developer, recently secured $40 million in interim project financing from Berkshire Capital Financial of New York City.

The two also are negotiating a $550 million Las Vegas real estate construction loan.

The 12-acre Pinnacle condo complex will consist of two 36-story bronze glass towers connected by three sky-bridges. Designed by YWS Architects, the twin 410-foot-tall buildings will combine for 1,100 units and include a jogging track, pools, a fitness center and gardens, among other amenities.

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Pinnacle Las Vegas Condominium Announced By The Falcon Group

Pinnacle Las Vegas Condos And Resort

Las Vegas Pinnacle

Pinnacle Las Vegas Condos Resort, an 1,100 unit project, will be managed by Interstate Hotels and Resorts.

Pinnacle Condominium Resort is a twin-tower, 36 story development currently in presale with ground breaking set for this fall and completion in the second quarter of 2009.

Arlington-based Interstate Hotels and Resorts (NYSE: IHR) says it is the largest independent hotel management company in the nation.

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