Want a second home? Las Vegas condos are on sale

Want a second home? Las Vegas condos are on sale

By now everyone knows that Las Vegas real estate market has been one of the fastest falling markets in the country. Some will say that Las Vegas condo prices fell 70% from the peak in 2005-2006. Even Vegas condos at Trump Las Vegas have dropped from near $600,000 to $167,000. You will find condos in Las Vegas at Turnberry Towers that have fallen from $550,000 to the mid $200,000s. Perhaps you have heard of the huge project on the Las Vegas Strip called City Center which is on 76 acres and cost $8.4 billion dollars. The prices of Las Vegas condominiums were cut by 30% at this project which was developed by MGM Resorts. They have a condo high-rise, a condo hotel, and two luxury hotels. Currently it is reported that they are closing nearly 40 units per month. Sales volume of real estate in Las Vegas has picked up and is actually a bit higher in June 2010 than in...
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Plans for the Ritz Carlton at Lake Las Vegas to Reopen

Plans for the Ritz Carlton at Lake Las Vegas to Reopen

Lake Las Vegas received some welcomed news today with the announcement that the international hotel operator Dolce Hotels and Resorts will reopen the previously closed Ritz Carlton of Lake Las Vegas. The property is due to reopen sometime in early months 2011. Village Hospitality LLC is the owner of the property and they report that a new name for the Las Vegas property has yet to be determined. The resort property has 349 rooms and sits on 15 acres along Lake Las Vegas. It is estimated that with the reopening there will be a return of 200 jobs and this is indeed good news. In Lake Las Vegas the Village of Monte Lago has maintained a commercial tenant occupancy of 85 percent and above. At this time 5 of the 33 shops are vacant. With this news comes the hope of the Lake Las Vegas real estate improving. Lake Las Vegas has 19 neighborhoods which include some of the best Las Vegas...
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