PALMS PLACE REAL ESTATE INFO

An exclusive walk thru of Palms Place: The lobby of Palms Place has a signature Palms-style bar named Rojo for residents and guests to hang out in. The minimalism of the lobby is offset by the extravagant amenities of the property.Owners will be going to closing on their suites later this week and The Palms will start booking the rooms within the next two weeks for guests. A few of the celebrity penthouses include: Hulk Hogan and KISS front man Paul Stanley’s penthouses both with 180degree views of Las Vegas. They are both still under construction as is Jessica Simpson's penthouse suite... and a studio is available on the same level if you are interested. They will be completed and delivered furnished by the May 31 deadline that owner George Maloof placed on himself. Walking thru the studio and one bedroom suites the first thing you notice is the stylish designer accessories and state of the art fully equipped kitchen. There is even a giant marble spa-tub in the bedroom of the suite.The Drift spa among other traditional amenities boasts the only Turkish co-ed hamman in America. As well as, the world famous Sunset Tan complete with leggy blonde manager Janelle Perry. Then there is the pool. The pool comes complete with fire pits and waterfalls. Cabanas can be rented daily or you can simply sit at Simon Restaurant and lounge that is surrounded by water on 3 sides. Simon will feature a California modern design and serve breakfast, lunch and dinner. Another little secret is that Simon will have a Sushi bar. All of this is connected to the Palms Casino by an elevated, enclosed moving walkway called the Sky Tube. If you want to get into own a Palms Place unit contact me ASAP as there are a few people who must sell.

Multi-Billion Dollar Building Spree Continues As The Las Vegas Strip Grows Fat

With over 40 million visitors coming to Las Vegas in 2007 and over 30 Billion dollars being spent on the Las Vegas Strip, the largest multi-billion dollar building spree seems to be just the beginning for the ultimate convention destination & entertainment capital of the world. Las Vegas is an international city capturing the attention of high stakes players. As the Las Vegas Strip undergoes a massive reconstruction and preconstruction phenomenon…other projects are quietly coming into play.

Paradise is seeing some pretty heavy action.

Hard Rock: $750m+ expansion 15 story; 550 room tower; 400 suite high end VIP tower, 30,000 sf. retail, increase casino by 35,000 sf;; New concert venue with 2,000+ seat theatre in the round.

Convention Center: $800m expansion ( 500,000 sf and enclosed monorail connector)

Wynn: Encore: $1.9 billion 2,040 rooms; Urban Village development including high-end Villas fronting Sands and Paradise; 5,000 rooms

Venetian: Palazzo $1.8 billion; over 3,000 rooms; 375,000world class shopping/dining; 270 of the most exquisite Villas in Las Vegas 6 private Villas (I want one).

Marriott Marquis: $186 million for 10.6 acres; 3,500 rooms; 500,000 sf business hotel w/casino

aloft: (look at the W sneaking in with this W-dna infused condo hotel) LaPour and Westin to bring W-branded condo-hotel 14 story, 235-room hotel NE corner of Flamingo & Paradise

Las Palmas: The Peebles Corp developing a 2.5 billion resort/condo project with four 55 story structure, 3 condo buildings with 1,000 condos and hotel tower with 800 5-star suites.

Howard Hughes Center: Crescent at Hughes…final build-out of additional class A office space.

East Village: Paradise and Tropicana 320 million; 2,000 seat theatre in the round with one million sf of retail.

Royal Resort: In Vegas if you are over the age of 25 you are either imploded or its a Facelift; new tower on Convention Center Drive

Triple Five Resort: $180 million for 5.4 acres ($33.4m Acre) at NEC of the Strip and Convention Center Drive with additional option totaling 9.5 acres

Fontainebleau: $2.8 billion, 3,889 rooms, 63 stories on 24.5 acres; 100,000 sf casino

Harrah’s: Expansion along Koval between Flamingo and Sands

Sports Arena: Koval and Flamingo

Mardi Gras: In escrow for $11 m/Ac.

Juliana: Luxury condo hotel on Paradise north of Flamingo.

"Paved Paradise and put up a parkin lot...with a pink hotel, a boutique, and a swingin hot spot. Don't it always seem to go...that you dont know what you should of bought till its gone."

Another One Bites the Dust: Pinnacle Las Vegas High Rise Condo Project Shutting Down

I have it on good notice that the Pinnacle Las Vegas is the latest high rise condo project here in Las Vegas that just won't be happening. Word on the street is that they've closed their doors and to look for an official notification in the upcoming days of the demise of this project.

Too bad. I really liked the originality of their design and thought they had the development team and background to see this project through. It shows you how hard it is to bring a high rise condo project to fruition these days in Las Vegas and makes all the other projects actually in development or ready for move-ins all the more impressive that they even got that far!

So what does that mean to those who've secured units in this project that will never get built? Well, truth be told, they're probably in an excellent situation right now. No doubt they'll get their earnest money deposits back - plus interest - which have been sitting around for quite some time now. (Many Pinnacle unit owners reserved units literally years ago!). Now, without the pressure of wondering when their high rise condo unit will be ready, Pinnacle buyers are now in the enviable position of having the pick of the litter of Las Vegas high rise condo bargains with money ready to make a move on high rise condo short sale positions and distressed sales.

Your $750,000 Pinnacle unit won't happen now. But thank the Pinnacle for the perfect timing. Based on the high rise marketplace right now, it's extremely possible that those very same Pinnacle buyers can take advantage of high rise resales and get into a high rise condo that'll blow the Pinnacle vision away AND cost way less AND be ready today! We've been accumulating these bargains at our Las Vegas high rise condo resales website and encourage all Pinnacle buyers who still desire that Las Vegas lifestyle to contact us immediately to take advantage of some amazing opportunities RIGHT NOW.

Register for our FREE Informational GO Zone Seminar - Zero Out Your Tax Bill

How many Las Vegas high rises could you buy if you had the ability to never pay a dime in taxes in the next 20 years? Wouldn't it be nice to amend your last 5 years of tax returns and get the money you paid to the goverment back to use for real estate purchases?

Many of you already are familiar with the Federal GO Zone Act which was passed by Congress to help the affected counties in Alabama, Mississippi, and Louisiana rebuild after Hurricane Katrina devasted the area. Here's your invitation to learn how you can make the GO Zone work for you.

Local to Vegas? Please attend our FREE Informational GO Zone Seminar on Tuesday, February 19th, 2008 from 6:00 - 9:00pm located at Ruth's Chris Steakhouse (3900 Paradise Road, Las Vegas, NV 89109) View Map

Open Bar and hors d'oeuvres will be served.

Brokers and real estate agents are more than welcome. Bring your investors for generous referral fees!

Discover how the IRS has created the opportunity of a lifetime - ZERO federal tax this year, ALL federal taxes paid in the last five years collected back, the ability to ZERO out ALL federal taxes over the next TWENTY YEARS. Based on our venue for this event, SPACE IS LIMITED so please register now at the link below:

http://www.gozoneprojects.com/gozone/seminar.htm

In all my years of real estate experience, I have never seen anything as good as this program. Please visit the GO Zone Projects website to learn more or contact me with any questions or comments.

Top 25 Business Books

Every month, 800-CEO-READ complies a list of best-selling business books based on purchases by its corporate customers nationwide. Here is their best seller list for the year 2007. Click on each graphic to read descriptions and reviews. All are available for purchase via Amazon.com by clicking each book's associated "Buy" button.

What business book are you reading right now? Let us know

Seeking Loft Life? Metreon Lofts Makes For an Interesting Las Vegas Mid-Rise Condo Preconstruction Option

If you frequently drive past Flamingo Road and the 215 Beltway, I'm sure you've noticed the construction going on on the Northeast corner of Flamingo. At that location, Breslin Builders is constructing the new $33 million Metreon Las Vegas, a mixed use mid-rise condo project being developed by the folks over at Kennedy Commercial. If you're unfamiliar with Kennedy Commercial, they've been developing mixed-use real estate developments for quite some time now, including the construction of "Solstice", a very anticipated resort project in Mesquite, NV.

Metreon is poised to quickly become the number one option for a live-work-play environment in Las Vegas. This distinctive neighborhood is just six miles from the Las Vegas Strip, directly outside of Summerlin, the nation's premiere master-planned community. The development calls for a 110,000 square foot enclave of upscale shops, fine restaurants, and popular stores in addition to two five-story mid-rise towers with live-work and residential units.

Metreon is offering Live-Work Lofts, perfect for artists, photographers, composers, or the ingenious entrepreneur where your commute is just a stairway away. These two-story lofts provide spacious floor plans, a business store front, and a luxurious second story with tremendous amenities (plus a 2 year membership to the adjacent Las Vegas Athletic Club). Then there's the terraced lofts - on the third and fourth floors - with great views of the Las Vegas Strip and Red Rock Canyon. If you love an open floor plan with everything included, a terraced loft at Metreon will be perfect for you. Finally, 2,400 square foot penthouses are also available if you've always strived to achieve the best life can offer.

Large, luxurious units, secure enclosed parking, controlled building access and prices starting at less than $500 per square foot. Compare that to the Las Vegas high rise condo Strip counterparts and you'll see that Metreon is a project you must certainly look into. Here's the bad part: there are only 14 available so you'll need to act fast if you'd like to secure a unit (name and phone number please). The first phase is scheduled to finish by mid-2008.

Now here's the good news: On Thursday, January 31st from 6:00pm to 9:00pm, We'll be hosting a plush tent "Buzz Party" to be held at the Metreon Sales Center (9512 W. Flamingo Road, Las Vegas, NV) to showcase this project to the public. Open bar, great food, and excellent information. Please RSVP now for this special event.

Announcing VegasHighRiseResales.com for the Las Vegas High Rise Condo Resale Market

So many of you have responded by email and phone regarding the previously untouched upon subject of Las Vegas high rise condo resales, that we decided to create a website based solely on this topic. You can view it here at www.vegashighriseresales.com

This site will appeal to 3 types of people:

1. The person who already has a contract on a Las Vegas high rise condo (or condo hotel) who may be in somewhat over their heads and would like help in remedying their situation.
2. The high rise buyer who's sat on the sidelines for awhile waiting for that high rise condo deal to come (whether it be a strip, downtown, or off strip property)
3. Those who've already closed on high rise units looking to sell

Which one are you? Please visit the website, let us know what you think, and if you'd like - definitely sign up for resale Property Alerts. We've spoken to a number of you already and are putting some extremely interesting opportunities together right now. 2008's really starting to look great!

Las Vegas High Rise Condo Heaven: Turnberry Place Model Penthouse Available

Here's a great opportunity for those penthouse-type clients who never thought they'd see a Las Vegas Strip high rise condo bargain. This penthouse was recently listed for $2.8 million. A search of comparable listings shows prices in the $3.1 to $3.6 million dollar range. Translation: the owner would like a fast sale and that's great news for you. Not only that, but the owner would also consider a lease option, a corporate lease, percentage ownership, and would also offer seller financing if necessary.

This high rise condo exclusive penthouse unit has one of the best views of the city of Las Vegas. It's professionally decorated and finished out by Fine Decorators of Miami and was originally built as the premiere “G” model unit by the Developer. Only the highest quality materials from floor to ceiling were used.

So if you'd like a shot at a seriously undervalued piece of prime Las Vegas real estate, contact me immediately for more detailed information on this amazing opportunity.

What Can The NFL Teach Us About Las Vegas High Rise Condos?

For those of you lucky enough to see last night's game between the Dallas Cowboys and the Green Bay Packers, you saw the continued emergence of Cowboy quarterback Tony Romo as one of the NFL's elite quarterbacks, throwing 4 touchdowns en route to a 37-27 victory.

Bu here's what's interesting about Tony Romo: despite drawing cursory interest in some NFL scouts, he went undrafted in the 2003 NFL draft. That's right - not one team saw his potential. In fact, he was only signed by Dallas as a favor to their assistant coach at the time. No one expected him to amount to anything and now, Dallas is being handsomely rewarded.

Get it? Just as Tony Romo was somewhat of a "sleeper", there are quite a few "sleeper" high rise condo projects in Las Vegas, both on the Strip and elsewhere. The question is: do you have the vision necessary to reap the huge rewards in the future?

Remember the number one mantra of this blog: The strength of the condo developer determines the success of the high rise condo project. There's a Las Vegas high rise condo project right now that I consider to be a "Tony Romo" sleeper project. No one's ever talking about it, you never see any ads or promotions for it, and it's the furthest on everyone's radar. Folks, I feel the potential for this project is huge as the developer's track record is outstanding - and the project's definitely going to happen! Want to know which one it is?

If you're a serious high rise condo buyer looking for a Tony Romo deal, please respond with your name and phone number. You don't have to be a Dallas Cowboy fan to take advantage of this one!...

Media Reporting isn't Exactly Reality When It Comes to Las Vegas High Rise Condos (or Anything Else)

Fear sells. All the media outlets know this. That's why the evening news and just about everything you read in the newspaper is often bad. Our economy is bad... the Las Vegas high rise condo market is bad... real estate is bad... etc.

What you have to do is open your eyes and see for yourself how bad things really are. Last week, the Review Journal ran a story about how 800,000 people were expected to pass through McCarren International just for the Thanksgiving holiday alone. Fear - don't even think about parking at the airport, there's too many people traveling! Said director of aviation Randall Walker: "We don't think our over 14,000 spaces will be enough to meet demand this holiday season"

Sounds to me like a lot of people are traveling. And who travels? - That's right, people with money. I guess the economy isn't as bad as CNN makes it out to be in real life. And I know this firsthand. There wasn't an empty seat on the plane on my trip to the Northeast on Monday. According to Southwest, there won't be an empty seat on my flight back to Vegas either. Wow... America's really hurting, huh?

Then comes today's story about how bargain hunters are ruling "Black Friday" with shoppers getting up at 4:00am to wait on line for the stores to open. Sounds like a lot of people have money to spend this holiday season. MSNBC News this morning reported that the majority of Americans feel they are worse off today financially than they were 6 years ago when Bush took office. My guess is this survey didn't happen in any of the thousands of crowded shopping malls you see in every area of the country.

My point is this: you need to take the news with a grain of salt and instead rely on what you see for yourself in your everyday life. You have no agenda - the media does. And sometimes that agenda attacks the real estate market as well. How many times do we read or hear stories about how "dead" Las Vegas real estate is? Yet big-time investment groups continue to pour money into the Strip and Downtown Las Vegas with high rise condo development projects. You read about how bad everything is, but when you drive down Las Vegas Boulevard, you'll see countless high rise condo hotels and mid rise developments all around you.

Who are you going to believe? Yourself, or some Katie Couric wannabee? Remember that post regarding the Light Group's Spa Lofts project and other similar developments? Turn off the TV, drop that newspaper, and get into a high rise condo right now!