CA and NV - Real Estate Blog by Olivia McClellan, Agent

A 2.7-acre parcel on the northeast corner of Main Street and Bonanza Road has been renamed The Verge a proposed commercial and residential mixed-use project.

The project is slated to have 296 units in eight stories with two levels of underground parking. The first floor would have 35,000 square feet of retail space.

Lofts range from 825 square feet for one-bedroom units to 1,600 square feet for three bedrooms, selling from the low $200,000s. Dennis Rusk is the architect.

For more infomation about The Verge call me at 702-372-2671.

Olivia

Olivia McClellan, ABR, GRI, RRG
Liberty Realty, REALTOR®
7674 W. Lake Mead Blvd. Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

Project City Center released info on the massive 76 acre project located on the World Famous Las Vegas Strip.

The City Center Sales Center located in Belliago has been open for a while but was not releasing any information to the public or REALTORS.

Over the weekend, the Review Journal released more info on Project City Center:

- The Residences at Mandarin Oriental, Las Vegas
- The Harmon Hotel and Residences, Las Vegas
- Veer Towers

Each one is unique and is packed with amenties that will amaze you.

Please call me ASAP to reserve a unit in presales phase. This project started taking reservations on Nov 17th so don't miss out. If you would like more info please call.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

As reported in the Review Journal, the Majestic Resort is back on!

Their Website has been revamped and is showcasing the all new Waldorf Astoria Residences in Las Vegas...

For more please call me at 702-372-2671

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

According to the Review Journal, the Sands is seeking permission to build a 632-foot tower that would allow for 849 condominiums.

This new residental tower would have 370 "ultra-luxury" units and the building would be at least "50 stories."

The placement of the development would be key to the area.

More to come

Olivia

10/20/06 Urban Village by Centex Closes it's Doors A project that was delayed for years, then marketed by the blue tipping group before being passed off to Centex to bring to market. Centax officially announced it's demise when it closed it's sales office.

For details about Urban Village or to find properties in Las Vegas contact me.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
www.oliviasellsvegas.com
olivia@oliviasellsvegas.com

There are resales at Platinum Condos located off the World Famous Las Vegas Strip. Contact me today for a current price list concerning Platinum Condos or any other Condo Development in Las Vegas Olivia McClellan, ABR, GRI, RRG Broker/Salesperson, REALTOR® Liberty Realty 7674 W Lake Mead Blvd, Ste 150 Las Vegas, NV 89128 Direct: 702-372-2671 Fax: 702-543-4845 http://olivia@oliviasellsvegas.com olivia@oliviasellsvegas.com

Create Your Own!

On Friday, October 6th 2006 GLVAR held their monthly luncheon where the President Linda Rheinberger presented GRI graduates with their official certification.

Olivia McClellan received her certification as well as other local REALTORS.

Education is key to success.

More to come.

Admin

Housings trends follow a cycle and home prices tend to drop at the end of summer for multiple reasons.

First, there are the homes that were over-priced all summer and are still on the market. The owners become motivated sell after holding out all summer for the price they want to sell their home for and after making an additional 3 to 5 mortgage payments finally give in and lower the price.

This will force a community with multiple properties on the market to start a downward trend as one by one, each listing tries to undercuts the next to be the lowest on the market until the home sells. Often Sellers feel they are losing money by lowering the price when in fact if the home did not sell, the price profit the Seller envisioned was never a real number and the Seller has only lost time and money by paying additional mortgage payments.

Market value is only is often misunderstood and thought to be what your home appraised at or your neighbors home sold at. In fact the definition of market value is what one is willing to pay.

Secondly, there tend be less movement within a community after summer. Once children start school families tend to try and wait to move if possible so as not to disrupt the school. The same applies as we enter the fall months and holiday decorations appear in the store before Halloween. If given an option, many people will delay a move until after the holidays to account for family visits, travel, etc. This often means fewer homes go on the market during these months after the summer so historically inventory is reduced but it also means fewer buyers are in the market. For homes that have been on the market all summer, this impact the pricing and again we are likely to see a downward trend with buyer incentives.

If you are relocating or an investor the time to buy is now. Interest rates remaining relatively low and seller are finally after 5 years of a historically high sellers market, it is a buyers market. For those of you that think the rates have increased and are high it's important to pit this into perspective, not that long ago (1998, 1999) we we're all refinancing to get a 8% rate which at the time was a great deal.

Today with rates still in the low 6% to mid 7% it's an ideal time to pick up properties at reduced prices.

The fundamentals of the Las Vegas market remain strong. I can show you why.

Let's take a look at the market and zero in on what you are looking for and go get a great deal.

Call me for more info

Thanks

Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

MLS# 641792

3 Bedroom 2.75 bath Condo with garage on a 7956 ft lot

Very well cared for home on large private lot with covered patio, out door gazebo and spa. Great living space with formal living room and separate family room and 3 large bedrooms. Ceiling fans, water sftener, and satellite dish already installed. Priced to sell, compare comps and sq. footage.

Listed at $364,990

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association or REALTORS® MLS. Real Estate listings held by Brokerage firms other than this site owner are marked with the IDX logo.

GLVAR deems this information reliable but not guaranteed.Copyright © 2006 of the Greater Las Vegas Association of REALTORS® MLS. All rights Reserved.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

Our Current Listings:
Below are current listings from REALTORS in Las Vegas, Nevada.

Home:

599088 - 5620 Benevento Ct, Las Vegas NV 89130
603834 - Pending - 5575 Villa Lucia, Las Vegas, NV 89134
593407 - 8301 Boseck Drive, Las Vegas NV, 89145
621049 - 5042 Ridge Drive, Las Vegas, NV 89103
617726 - 8921 Rio Verde Ave, Las Vegas, NV 89147
631537 - 8713 Glistening Pond St., Las Vegas NV 89131

Condos:

599089 - 8600 West Charleston Ave, Las Vegas, NV 89117
587101 - 10233 King Henry, Las Vegas, NV 89144
614617 - 10550 West Alexander Rd. , Las Vegas, NV 89129

9/7/06 Red Rock Residences Tables ProjectScott Nielson, Chief Development Officer said, "they are looking into various alternatives for the five acre parcel". He also noted that the condos still may be built.

This project has great potential for residental living based on its Summerlin location, views of the Las Vegas Strip and Red Rock Mountains.

If you haven't been to the new Red Rock Casino, Stations Casino, you have to stop by and check it out. The exterior design is incredible and interior is warm and inviting. They have spent millions creating a Casino/Resort that locals would go for dining, entertainment and just to relax.

Red Rock has a brand new custom spa with amenties galore as well as some of the best restaurants and night club in Vegas.

Our Current Listings as of 8-23-06:
Below are current listings from REALTORS in Las Vegas, Nevada.

Las Vegas Homes:

639579 - 5620 Benevento Ct, Las Vegas NV 89130 Located in Foothills at Southern Highlands
603834 - 5575 Villa Lucia, Las Vegas, NV 89134 - Pending
593407 - 8301 Boseck Drive, Las Vegas NV, 89145
621049 - 5042 Ridge Drive, Las Vegas, NV 89103
617726 - 8921 Rio Verde Ave, Las Vegas, NV 89147
631537 - 8713 Glistening Pond St., Las Vegas NV 89131

Las Vegas Condos:

639580 - 8600 West Charleston Ave, Las Vegas, NV 89117 Located at Park1
639578 - 10233 King Henry, Las Vegas, NV 89144 Located at Carlise at Summerlin
638486 - 10550 West Alexander Rd. , Las Vegas, NV 89129 Located at Chateau Versailles

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association or REALTORS® MLS.

Real Estate listings held by Brokerage firms other than this site owner are marked with the IDX logo.GLVAR deems this information reliable but not guaranteed.

Copyright © 2006 of the Greater Las Vegas Association of REALTORS® MLS. All rights Reserved.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

Olivia McClellan and Barbara Cutter manning the Women's Council of REALTORS booth at the 2006 REALTOR Rally in Las Vegas.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

Developers continue to add incentives to entice buyers to stop by with their REALTOR to check out what they have to offer.

Here are some of the incentives offered:

1. No money down using their in-house lender *subject to qualification
2. No HOA payments for one year
3. No mortgage payments for one year *needs explaination
4. Cash for Closing Costs
5. Incredible upgrade packages
6. Money to buy down your loan rate

Some developers are combining these offers and others offer one or two but each is different so matching your needs to picking our the correct incentives is critical.

One of my clients closed escrow last week on a very nice property. He had choice of reducing the price of the home by $10k or using the $10 to buy down his rate. We ran the numbers and buying down his rate was the way to go.

If he used the $10k to reduce his purchase price he would save roughly $70 on his mortgage payment.

By using the $10k to buy down his interest rate from 7% to 5.5% he saved $500 a month on his mortgage payment which ended up as a whopping $30k in savings in a 5 year period.

Knowledge is Power, use a REALTOR

Questions? Please call me to discuss how I can assist you with all of your Real Estate needs.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

How often do you get to check out a million dollar house in Southern Highlands?

If you are in the market for a spectacular home located on a cul-de-sac in one of the most sought after communities in Las Vegas, Sunday is the day to act.

Open House:
Date/Time: August 13th, 11 am – 4 pm
Location: Foothills at Southern Highlands,
Address: 5620 Benevento Court.

MLS# 599088 Priced at $990,000 and includes the pool table located in the game loft.
* Also $5,000 bonus to Buyers Agent with Full Price Offer

Click on the link for directions to the property.

See you Sunday!



Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

Wednesday, August 9th, 2006 - Las Vegas Chamber of Commerce Luncheon at the Four Seasons Hotel on the Las Vegas Strip. Our self proclaimed, Happiest Mayor in the World" Mayor Goodman spoke to a packed room about Las Vegas and how he is promoting the downtown revitalization projects as well as Las Vegas as a whole. Two showgirls in red regalia flanked his sides as he entered and exited the luncheon with the two showgirls on his arm. Olivia chatted briefly with Mayor Goodman briefly about potential downtown development projects.

Our Current Listings:
Below are current listings from REALTORS in Las Vegas, Nevada.

Las Vegas Homes:

639579 - 5620 Benevento Ct, Las Vegas NV 89130 Located in Foothills at Southern Highlands
603834 - 5575 Villa Lucia, Las Vegas, NV 89134 - Pending
593407 - 8301 Boseck Drive, Las Vegas NV, 89145
621049 - 5042 Ridge Drive, Las Vegas, NV 89103
617726 - 8921 Rio Verde Ave, Las Vegas, NV 89147
631537 - 8713 Glistening Pond St., Las Vegas NV 89131

Las Vegas Condos:

639580 - 8600 West Charleston Ave, Las Vegas, NV 89117 Located at Park1
639578 - 10233 King Henry, Las Vegas, NV 89144 Located at Carlise at Summerlin
638486 - 10550 West Alexander Rd. , Las Vegas, NV 89129 Located at Chateau Versailles

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association or REALTORS® MLS.

Real Estate listings held by Brokerage firms other than this site owner are marked with the IDX logo.GLVAR deems this information reliable but not guaranteed.

Copyright © 2006 of the Greater Las Vegas Association of REALTORS® MLS. All rights Reserved.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

As reported in INBusiness on Aug 1st, Vegas888 has closed it's sales office due to sales being behind schedule. Del Webb American was the developer for Vegas888.

Vegas888 was going to be located on Flamingo next to the Palms new tower and Palms Place.


Thanks

Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

As reported in INBUSINESS on August 1st, Spanish View Towers secured financing to start construction again after a brief work stoppage due to construction liens.

Good news for this great project located in the growing southwest vegas valley.

If you have questions or would like to secure a Spanish View Tower Unit call me at 702-372-2671.

Thanks

Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

Our Current Listings:
Below are current listings from REALTORS in Las Vegas, Nevada.

Home:

599088 - 5620 Benevento Ct, Las Vegas NV 89130
603834 - 5575 Villa Lucia, Las Vegas, NV 89134
593407 - 8301 Boseck Drive, Las Vegas NV, 89145
621049 - 5042 Ridge Drive, Las Vegas, NV 89103
617726 - 8921 Rio Verde Ave, Las Vegas, NV 89147

Condos:

599089 - 8600 West Charleston Ave, Las Vegas, NV 89117
587101 - 10233 King Henry, Las Vegas, NV 89144
614617 - 10550 West Alexander Rd. , Las Vegas, NV 89129

The Great Mall of Las Vegas is planned to be 1.6 million-square-foot and located in Centennial Hills area in northwest Las Vegas. It will be an indoor and outdoor retail components, architect according to Howard Perlman, noted in the Review Journal Junly 31, 2006.

The indoor portion is three stories, with anchor tenants at each end and three levels of shops, all in an air-conditioned environment for hard-core shoppers who easily spend eight hours in a mall, he said.

The outdoor "lifestyle" component is similar to The District at Green Valley Ranch, developed by American Nevada Co., Perlman said. It will have a mix of entertainment and retail with 900 residential loft units on top. Maximum height for the two condo towers is 200 feet.

The 50-acre site plan includes retail, offices, a food court, theaters, common areas and enclosed park.

Please contact me if you have any questions.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

TOWN SQUARE: Steel framework for the 1.5 million-square-foot Town Square retail and lifestyle center is taking shape on Las Vegas Boulevard South at Sunset Road.
Las Vegas-based Centra Properties and Florida-based Turnberry Associates are developing the $750 million project.

Marnell Corrao Associates is the general contractor and Development Design Group of Baltimore is the architect.

The 117-acre Town Square will create an open-air village, Main Street environment anchored by Rave Motion Pictures, Robb & Stucky, Borders and 24-Hour Fitness.
Tommy Bahama's Tropical Cafe, Yardhouse and Texas de Brazil will open their first Las Vegas restaurants at the center.

Thanks, Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.com

According to various Websites has announced she will be opening a hotel in Las Vegas. Her sister Nicky Hilton announced last month Nicky O South Beach a boutique hotel in South Beach Miami.

Stay tuned for the next cool Las Vegas hotel, maybe.

Olivia

JUHL announced that progress is moving forward and the development is heading skyward. That is great news for the people who have reserved units and downtown as a whole.

SOHO lofts is already closing units and moving people in. Newport Lofts is getting close to top off. Streamline is moving along also.

JUHL had a gala event last week where the Mayor attending and celebrated yet another project that is moving forward downtown. This means the Mayors master plan of redeveloping Downtown is one step closer. We have been watching to see what happends with the 61 acre parcel that has so much promise for downtown. Related pulled out of the deal earlier this year stalling plans.

Stay tuned.

Olivia

Olivia McClellan, REALTOR® ABR, GRI, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.coM
Website: www.oliviasellsvegas.com

As reported in the Las Vegas Business Press on 7-7--06, The Spanish View Towers has had multiple liens filed against the property by HB Construction of Costa Mesa, CA.

The project was planned for three 18 story buildings totalling 444 residences. Spanish View recently broke ground and was making progress before the project halted.

For more info or a link to the article please call me at 702-372-2671

Olivia

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

This low rise development has just released 11 units on the resale market. This development had sold out pretty quick once it released. The prices range from $510 to $840.

This project is in a great area near the airport and the Las Vegas Strip.

Call me for more info.

Olivia

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

A 2.7-acre parcel on the northeast corner of Main Street and Bonanza Road is Aquitania lofts, a proposed commercial and residential mixed-use project.

The project is slated to have 296 units in eight stories with two levels of underground parking. The first floor would have 35,000 square feet of retail space.

Lofts range from 825 square feet for one-bedroom units to 1,600 square feet for three bedrooms, selling from the low $200,000s. Dennis Rusk is the architect.

For more infomation about Aquitania Lofts call me.

Olivia

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

The High Rise market in Las Vegas continues to grow despite cancelled projects.

The announcement of Las Rambles and the Hard Rock condos cancelling has many people scrambling over the demise of the Las Vegas high rise market and expecting a screeching halt to the Las Vegas market growth.

In the fact the truth is just exactly the opposite.

One May 12th 2006 The Hard Rock Residences cancelled plans to build their condo project allowing Morgan’s Hotel Group to purchase the Hard Rock casino and Hotel along with the 23 acres originally slated for condo/hotel development for $770 million in cash. This is hardly a story of the real estate market losing ground. Peter Morton originally built the Hard Rock for $80 million in 1994 and expanded in 1999 at the cost of another $100 million. The sale of the project and land for $770 million in cash is a realized appreciation of more than 200% over just 12 years. The net profit to Mr. Peter Morton was over $731 million. The 23 acres are being developed on every side and if the new owner, Morgans, decides not to develop the land, they have expressed the possibility of selling it so someone else who can develop.The same is true of The Related Las Vegas project, Las Ramblas. The cancellation of Las Ramblas does not signify a loss. Far from it, in fact. Related and its partners sold the 25-acre site for $202 million, more than twice what they paid just a year ago. The buyer, the Edge Group, plans to develop an upscale, boutique hotel-casino complex, adjacent to their other project currently in pre-construction sales, being co-developed with the W Hotel. The W Las Vegas condominium-hotel is a $2.5 billion, 4,000-unit project. The Edge Group now controls 50 acres in the Harmon Avenue area just off the Strip.

These cancelled projects are simply the nature of a growing market in which some developers will choose to cash in and let someone else do the building. The fact they’ve been able to cash in with such enormous gains is the true indicator of the land value and the long term value of the Las Vegas market.

With all the craze of investors, speculators, and double digit appreciation, the truth seems to get lost in the shuffle. The truth is Las Vegas is growing and with land costs rising, just as in any cosmopolitan city the development is by shear nature of land scarcity becoming more dense and ultimately vertical. Las Vegas continues to show a strong job market, historically low vacancy rates, and remarkable year after year tourism growth.
Not every high rise proposed will get built this year or ever, but remember New York City wasn’t built over night. The fact that only about 17 projects have currently broken ground with only about half of these actually coming to the market in 2006 keeps the market from being flooded with too much inventory. This will help to maintain competition and increase demand allowing owners to preserve property values. This is important in an economy were national data suggests that 39% of major housing markets are over-valued. Most cities included are markets that have had major increases in appreciation over the past few years but the population growth and the job markets are also taken into consideration. Equally important, is that Las Vegas despite the double digit appreciation as the hottest market in the country for the past few years is not included in the top twenty on this list, which includes cities in California, Arizona, and Florida.Las Vegas as a city beyond the Strip, is in its’ infancy and although we won’t meet the unrealistic expectations of double digit appreciation year after year, Las Vegas continues to be a solid investment, so if you’re interested in the high rise market for residency, second home, or investment, the potential to get into a property on the ground floor still exists.

If you are interested in information about Las Vegas high rises, please contact me Olivia@OliviaSellsvegas.com

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845 Office: 702-228-307
0email: olivia@oliviasellsvegas.com
Website: http://www.oliviasellsvegas.com/

Spa Lofts in Las Vegas

The rendering of Spa Loft looks amazing. Another wonderfully designed project has joined the mix.

Location: South West Las Vegas 215 PKwy/RainbowBldg.
Type: Condo/LoftsNo. of Towers: 3
No. of Stories: 3
No. of Units: Unit Sizes:
Lofts, 2, & 3 bedrooms
Price Range: Square Footage: 1276 sf - 1500 sf
Status: Pre Public release June 2006Estimated
Break Ground Date:
Estimated Completion Date: Developer: The Light Group

Call me for more info

Olivia

Edge Resorts aquires Las Ramblas, the 25-acre Las Ramblas development site along Harmon Avenue, between Paradise and Koval roads, just west of the Hard Rock Hotel & Casino. Edge paid $202 million for the property, which sits next to the W Las Vegas project it is developing in partnership with Starwood Hotels and Resorts Worldwide.

George Clooney and partners announced the closure on 6/5/06 after months of speculation.

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

Juhl - Downtown Las Vegas

The development, located at the corner of Bonneville Avenue and Fourth Street, will comprise six buildings of varying heights and facades. More than 100 floor plans are available, ranging from 616 to 2,500 square feet in one- and two-story designs. Prices start from the high $200,000s.

Features include 10-foot floor-to-ceiling windows, energy-efficient air conditioning and heating, high-speed Internet access, Grohe plumbing fixtures, and patios or balconies. The kitchens provide granite counters, island workstations, maple cabinetry and stainless steel appliances.
Architectural elements of the buildings include a glass-enclosed lobby and exposed mechanical and concrete surfaces.

Plans for the common areas include a two-story fitness center, as well as a landscaped rooftop courtyard with a 75-foot pool, spa and viewing deck. Residents will also enjoy gated underground parking and 24-hour security.

Call for more info:

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

The Brownstones at Urban Village, Las Vegas by Centex

Pre-construction, Phase One Pricing starting at $375,000. Get your Condo or Lofts On the Las Vegas Strip with a Las Vegas Strip Address!

$5,000 per reservation. Only 10% at contract (mid-June). Each Agreement is time/ date stamped, and as such, our release will be on a first-come, first-choose basis.

Hope to hear from you soon.

Olivia
702-372-2671

Another One Bites the Dust!!!

In the early hours today May 9, 2006, The old Boardwalk Casino bit the dust making way for more new development. The Boardwalk demise makes way for continued growth as the Strip re-invents itself yet again. The MGM Project City Center and the Cosmopolitan are both under construction next door the Monte Carlo and Bellagio Casinos.

Thank you

Olivia McClellan REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W Sahara Ave, Ste 101
Las Vegas, NV 89117Direct:
702.372.2671
Fax: 702.543.4845

Email: Olvia@OliviaSellsVegas.comWebsite: www.OliviaSellsVegas.com

The W Residences will soon be taking public reservations. If you would like to reserve a unit at this beautiful property contact me. I have pre-public access to the reservation team.

Thanks, Olivia 702-372-2671

All,

Loft Living allows you to have wide open spaces, high ceilings and an unique urban feel. Most large urban cities have loft projects that are extremely popular.

Las Vegas has many projects that are called loft-like but are not true urban style lofts.

The Green Valley Loft project does not have much data or images yet so I'm not sure what type of project it will be.

The area is fabulous and a true loft project would add to it.

If you would like pre-release info on this project email or call me ASAP.

Olivia

As many of you know the Urban Village project has been advertising for two years gathering names and email addresses.

Many of you may have received a letter, phone call or email from the Blue Tipping Group. This company has been giving first crack at sales at everyone on their lists they have been generating via the Web for over two years. The Blue Tipping Group is a marketing company and by signing a reservation with them you are contracting to use them as your Real Estate representation in most cases without your knowledge.

The process is as follows:

1. You will be asked to make a reservation to attend a private preview.
2. At that preview you will be asked to leave a $5,000 deposit to be on a list that potentially gives you the right purchase a unit.
3. At this presentation, you do not choose a unit nor is pricing revealed.

Centex the developers of Urban Village are ramping up their sales staff and will be selling direct to the public within 30 days. Wait to purchase. The prices when released will be the same.

Buy via your personal REALTOR who is there to protect your interests by reviewing your contract and watching your back. The contracts that most luxury condos developers are using have been customized to protect them so BE CAREFUL.

Thanks

Blogger Admin

The $142 million first phase is under construction with grading, excavation and underground utility work at the site located on South Las Vegas Blvd.

J.E. Dunn Construction of Kansas City is the general contractor.

One Las Vegas will consist of five 18- to 21-story residential towers, 200-room boutique hotel and 200-unit condo-hotel to be operated by the One Las Vegas.

Als there planned a 20,000-square-foot health club and spa, two restaurants and retail services.
The condominium market in Las Vegas Valley has expanded to 62,600 potential residential units, local research firm Applied Analysis reported for the fourth quarter.

More than half of them, or 33,800, are planned for the Strip resort corridor, and 11,700 units are proposed for the suburban markets, 8,600 are downtown and 8,500 are on the South Strip, including One Las Vegas.

For more information and pricing about this development call me today!

Olivia McClellan, ABR, RRG REALTOR®
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

Evolution Lofts is a 28 story development being built by Summit Builders, one of Las Vegas’ most sought-after general contractors. Located in the heart of Las Vegas’ highly touted Gateway Arts District, Evolution Lofts is considered a landmark project that is setting the standard for the phenomenal growth occurring in the area. With its sweeping sail across the roof and a dramatic circular opening punctuating the sky, the building will have a defining presence in the emerging downtown Las Vegas skyline.

Evolution Lofts will be a two spectacular high-rise residences featuring spacious, light-filled lofts with dramatic floor-to-ceiling windows and private balconies offering breathtaking views of the Sierra Mountains or the Vegas Strip.

Construction is expected to start in summer of 2006.

Call me to for more information or to reserve a unit.

Olivia
702-372-2671

Did someone say luxury condos in Las Vegas?

There is a new development inside Queensridge and
the Badlands golf course that is unbelievable. These units are huge,
well-appointed and beautiful. Prices start at 800k but are well worth it. If you
are retiring or looking for a second home, these condos are a perfect fit.

Call me for a free property profile.

Olivia
702-372-2671

The W Residences in Las Vegas is open for business.

Studio Residences will be priced starting at 650k and One Bedroom Residences will be priced starting at $800k.

If you are interested you should reserve early because this development is marketing to their Starwood Rewards Card base.

Olivia
Direct 702-372-2671

Interested in Las Vegas Condos?
Nested in the center of the Las Vegas Valley is Summerlin, inside is Boca Park.
Shopping, restaurants are all located within this area called Boca Park.

Call me today to find out how you can purchase a one, two or three bedroom unit around Boca Park at one of the newer condo communities.

Olivia McClellan, ABR, RRG REALTOR®
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

Vegas Grand, a luxury condominium on Flamingo Road is ready to begin constructionand has started construction with the foundations and other under-ground work.

It's been a while for this project to take flight since the development was sued last year for changing prices.

More to come as this project progresses.

Olivia

As reported on the RJ Website, The Curve has stopped sales and notified their clients they will receive a full refund. According to the developer, the project is not cancelled just on hold so some of their existing buyers opted for a 150 day holding stay in case the project moves forward.

The Curve location was off 215 and Jones area in the Southwest.

More to come on this one.

Olivia

Las Vegas Condos for Rent

Current Rental Inventory as of 3-25-06. *Call for units coming available

Park1 - Charleston & Durango Summerlin Area
2 bedroom 2 bath upstairs with all appliances (w/d), newer carpet and paint Listed at: $900 (downstairs)
Isla at South Shores - Lake Mead & Mariner Desert Shores (map)
3 bedroom 2 bath upstairs with all new appliances, carpet and paint Listed at: $975
2 bedroom 2 bath upstairs with all new appliances, carpet and paint Listed at $950 (Availalbe April15th)
Chateau Versailles - Alexander & 215 Summerlin Area
1 bedroom 1 bath upstairs (furnished) with all new appliances, granite counter tops, new carpet and paint. Short Term: Corporate Rental Min - 6 months prefer 1 year leaseListed at: $1250 (Review unit details)

Call me at 702-372-2671 to Rent these units they will go fast!

All,

The Las Vegas High Rise market is tightening up with a few projects folding. This means the developments that in already building are in demand. Investors flocking to Vegas gambled and some ended up choosing the wrong project based on weak marketing pitch buying direct from the developer without utilizing a REALTOR. Many of these Investors ended up with nothing but a lawsuit.

The High Rise Report was created to allow savvy Investors to review information before they hit town so they can narrow the projects they are interested and make sure they are able to do their due diligence.
You can purchase The High Rise Report on http://www.thehighrisereport.com/ for $29.99.

Contact me today to find out about silent release of units from a mid-rise on the Strip. This property was sold out but has a few units that have come availalbe.

These units are large residental condos not a condo hotel with parking availalbe along with a host of very high end amenites.

Call me for a property profile.

Thanks

Olivia

NASCAR is hot in Las Vegas. Over the weekend, a new project debuted to thousands of NASCAR fans at Las Vegas Speedway.

Trophy Towers at Las Vegas Speedway has 120 Luxury Condominiums Residences located right on the track directly off Las Vegas Blvd. The residences features list includes: spectacular views, 25 ft ceilings, marble floors, glass accents and much more.

The building design is fantastic and features AI Design Group. You have to see it to believe race fans. For more info Click Here

Mira Villa at Queensridge : Summerlin
Luxury condos in one of the most beautiful areas of Las Vegas.

There are units available. Call me for details.

Olivia McClellan, ABR, RRG
Sweet Home Realty REALTOR®
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845

Park Avenue Condos : On the Strip

There are units available. Call me for details.

Olivia McClellan, ABR, RRG
Sweet Home Realty REALTOR®
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845

The High Rise Report™ 1st Quarter Edition was released on March 1st to a nationwide audience. This comprehensive report outlines luxury high rise properties in Las Vegas detailing out amentias, description, and developer and financing news.

A must read for anyone researching the Las Vegas market and considering purchasing a property.

The High Rise Report™ is available for immediate download at www.thehighrisereport.com

Olivia

Well, we have Related cancelling Union Park and Icon, Ivana + Liberty Towers falling out, The Hard Rock seemingly cancelling and the W Residences possible lawsuit causing issues suddenly we don't have the inventory we thought...

MGM Residences, Trump, Sky, Panoramic, Cosmo, Metropolis, Manhattan LV and Turnberry Place and Towers should be in demand.

There are many projects on deck such as Vegas888, Sandhurst, Renaissance, Standhi, Palms, Las Ramblas but none have stepped into the batters box - YET.

We will see how this all shakes out in the coming months.

Olivia

Thursday, Peter Morton revealed the planned $1 billion condo-hotel expansion of the Hard Rock Hotel has been postponed. Buyers are being offered a refund on their deposits.

The sales center closed and all sales staff have been let go for the Bungalows, Flats and Residences.

Morton said he has received offers to buy the Hard Rock. The expansion on 24 acres behind the hotel, now the site of an apartment complex, would be included in that transaction.

Industry experts estimate the Hard Rock to be worth $750 million to $900 million, including the $86 million apartment property.

The project, designed by architect Chad Oppenheim of Miami with Las Vegas-based Marnell Corrao as the general contractor, was supposed to break ground in August.

This project seems on the fringe but what if the Hard Rock dosent sell?

Will the projet move forward?

Stay Tuned!

Olivia

The southern end of Las Vegas Boulevard is going to get even busier. Southern Highlands developer Garry Goett just won approval to be build a few miles south of the new South Coast Resort.

The first phase was approved for 1,400 rooms. There will be a second tower with 1,000 rooms and eventually a hotel-condo project.

Olympia is scheduled to break ground sometime this year, and the first phase is expected to be completed by the end of 2008.

The Strip growth is not slowing down.

Olivia

The Hard Rock Hotel Inc. announced Tuesday that it has received more than one offer to buy the hotel-casino.

A company executive said,” The Company has determined that it will explore a potential sale."

The Hard Rock Hotel Inc is a privately held company, with 140 million in publicly traded bonds.

Again, stay tuned.

As reported on Channel 4 KRNV.com, a football turned investor has filed a lawsuit against the developers of Las Vegas Condo and Casino Project.

Brian Roche says developers of the W Las Vegas squeezed him out of plans to build a two-point five billion dollar luxury hotel, condominum and casino complex.

Stay tuned...

Pinnacle Condominium Resort is set to be built on 12 acres near the Las Vegas Strip.

The project features two 36 story building connected by three "Sky Bridge" Suites. The renderings are pretty incredible.

The project is being developed by the Falcon Group with is an alliance between other investors and developers.

The project started sales as of Feb 14th and range in price from $350k to $1.3 million.

Call me today if you need more info or want to reserve a unit

Olivia

The W Residences is planning to be the cornerstone property of Harmon Corridor, approximately 500 meters of the World Famous Las Vegas Strip.

Starwood Hotels & Resorts Worldwide and Edge Resorts as well as a group of investors purchased 21 acres of prime property to develop this project on.

The W Las Vegas will offer owners a combination of poolside cabanas, studios, one-two condominiums with the benefit of being attractive to the W Hotel.

Units are scheduled to be available to the public early 2006 starting at $550,000.

This is going to be one of the premier properties in Las Vegas. Don't miss out.

Call me today for more info or to reserve a unit.

Olivia

Interested buyers there still are units available within the third tower called "The Signature" at the Residences at the MGM Grand condominium hotel.

Prospective buyers can choose from fully-furnished studio, one-bedroom or two-bedroom suites. Prices range from $600,000 to more than $2.5 million.

All three 40-story towers, adorned with 24-karat gold reflective coating, and the community gatehouse are under construction on the northeast end of the hotel's 116-acre property.

Tower One is scheduled for completion in June.

Call me for specifics.

Olivia
702-372-2671

On Friday Feburary 4th, 2006 Hooters opened their doors for Super Bowl Weekend.

This new themed Casino was revamped from the San Remo on Tropicana Blvd.

The 711-room property also will have new restaurants, including a Hooters, Dan Marino's Fine Food and Spirits, a Florida-based chain owned by the former Miami Dolphins football star.
The pool area will be about three times its current size, with a Hooters Beach Club and tropical theme. The hotel rooms will be remodeled with a Florida look and feel. The outside of the property will feature the Hooters owl logo and at night will be lit with the chain's trademark orange tint.

If it is your first time in Vegas or your hundreth stop by for some of their "World Famous" Chicken Wings

:)

These are some of the properties that have been proposed in Vegas but have not moved forward as of 1-23-06.

Check it out...

• Voyager
• Renzi Towers
• Domus
• Flat Iron Tower
• Dynasty Tower
• Martindale Towers
• 4275 Dean Martin
• Highland and Polaris
• Kennedy Towers
• Twain and Polaris
• South Pointe
• Sunset and Durango
• Molasky Corporate Center
• Wall Street Towers - Moving Forward
• Kas Vegas Garces
• Spring Mountain and Polaris
• Echelon Place - Moving Forward
• Quail Village
• Park Central
• Symphony Towers 1 and 2
• Simoyof Towers
• 601 Fremont
• Las Vegas Cay Club
• Tropicana High Rise
• Las Vegas at Pebble
• Flamingo at Spencer
• 3883 Hughes Center

More to Come

The Las Vegas City Council approved a high-rise condominium project on Wednesday.

The prelimary info on Wall Street Towers is two- 650 foot towers (1200 Condominiumns) off Charleston. This is across the street from the proposed Sandhurst Development which has not broken ground as of Jan 19th.

Stay Tuned

"We are still moving going forward with Las Ramblas, and we hope to make some exciting announcements in the near future," said Marty Burger, president of Related's local office. "We will soon announce a hotel operator that will change the project's entire complexion."

Las Ramblas is a planned $3 billion hotel-condo-casino along Harmon Avenue, just west of the Hard Rock Hotel & Casino. Plans call for 4,400 hotel, condo and condo-hotel units in 11 high-rise buildings.

Let's hope Related stays committed to this project after bailing on the 61 Acre project and ICON.

High-rise construction finally hits Harmon Avenue east of the Strip this morning with groundbreaking for Planet Hollywood Towers by Westgate, a $750 million condominium and timeshare project.

Planet Hollywood Towers will be located on the corner of Harmon Avenue and Audrey Lane and connected to the Planet Hollywood resort complex on the Strip, which has 12 restaurants, luxury resort amenities and a full-service shopping mall with more than 140 stores.

The timeshare and condominium-hotel project will include more than 1,250 units ranging in size from one to four bedrooms, increasing the resort's hotel room inventory by 2,800 rooms to 5,500.

The top four stories will include 28 luxury condominiums ranging in size from 4,000 square feet to 10,000 square feet with prices starting at $4 million.

Lets see how Planet Hollywood spins the "Wow and Celebrity Factor" to sell this project.

City Moving Forward With Development Of 61-Acres With Hiring Of Consultant

This 61-acre tract is the largest single piece of undeveloped land in downtown Las Vegas. It is located adjacent to the World Market Center and the Las Vegas Premium Outlets.
“With Dan’s expertise and the city taking on the role of master developer of the project, we will ensure that our vision for this project comes to fruition,” said Ward 5 Councilman Lawrence Weekly, who represents the area where the 61 acre project is located. “It is our hope that we are leaving a legacy for future generations with the long-term development of this property as an urban village.”

Current plans call for the following to be developed at this site:

• 350,000-square-foot performing arts center.
• 55,000-square-foot Lou Ruvo Alzhemier’s Institute, designed by highly heralded architect Frank Gehry.
• 2 million square feet of Class A office space.
• 350,000 square feet of ground-floor retail space.
• 3,000 high-rise residential units.
• 20,000 parking spaces contained within vertical structures.
• New 500,000-square-foot city hall.
• 18 acres of land reserved for a professional sports stadium.
• Possible hotel and casino uses.

Read the entire article HERE

The Related Cos. officially announced the demise of Icon, a twin-tower luxury condo project on Convention Center Drive.

Related insists that its $3.5 billion Las Ramblas Development inside the Harmon Corridor is moving forward. ICON buyers are rumored being sent to Las Ramblas to secure units.

The recent cancellation of Ivana / Liberty Tower and Icon has turned Vegas has shaken the market a bit. Everyone knew some of the projects would not fly but no one new which ones to bet on. There are key factors to look at when a project is announced. Developer, Branding and Financing are key indicators on the project getting built.

Six months ago, there were 50,000 to 70,000 units planned or ready to begin construction in Las Vegas, raising concerns about over supply. The reality is Vegas is an International Brand and is as strong as ever. If every project was succcessful, in time they would sell and continue to allow Las Vegas's transformation into a World-Class Metropolitan City. "The major factors include a decrease in market high-rise sales, lawsuits and rising construction costs, " Related said in a statement.

As the market continues to shakeout the weak from the strong, we see nature’s survival of the fittest taking over. Over the next few months we will see which projects leave the nest and fly.

Stay tuned.

Las Vegas-- Societe Generale Corporate & Investment Banking (part of Societe Generale Group and acting as Sole Lead Arranger & Book-runner), is leading a syndicate of banks funding a $232.5 million pre-development credit facility for the W Las Vegas Hotel, Casino & Residences, representing a resounding vote of confidence in the project and its ability to lead the new wave of significant projects planned for Las Vegas.

Read Full Article Here

One Queensridge Place, the first Summerlin area high rise condo to go up in Las Vegas, has completed $250 million in financing through HSBC Bank, said Frank Pankratz, president of Executive Home Builders, one of the development partners.

Queensridge is located across from the Suncoast Casino on Rampart and is making speedy progress with two buildings heading skyward.

Prices for Queensridge start at 1 million.

The Las Vegas High Rise Market is truely in its infancy.

The strongest players have been in the market for 5 years and their current projects are steaming ahead. Turnberry Towers are close to being 4 stories strong and truely have set the bar for all other to reach for.

The causualties thus far have been due to lack of experience and dollars and cents. Construction costs and lack of labor are the biggest factors plaguing current projects on deck.

Related Cos. is one of the largest developers in the United States. They have projects running in all of the major cities including Las Vegas. Three weeks ago they pulled out of Union Park, the 61 acre parcel of land Mayor Goodman is promoting full time. Over this weekend, Related pulled the plug on ICON Towers due to contruction costs.

What kind of message does that send to the market?

Most saavy investors are waiting to see.

Thomas Greenough, AKA Tommy Rocker, won approval Wednesday to build a 46-story condominium tower south of Flamingo Road on Dean Martin Drive, formerly Industrial Road.

As of today, the project has no specific name and is planned on being built on 1 acre of land.

More to come.

The Related Cos. officially pulled the plug Friday on Icon a high rise luxury condo project on Convention Center Drive.

Related insists that its $3.5 billion Las Ramblas project on Harmon Avenue is still proceeding and that developers are negotiating with major hotel partners. The sales staff for Icon has been let go and deposits are being refunded, though some buyers are being steered from Icon to Las Ramblas.

Related recently pulled out of the Union Park project that Mayor Goodman is promoting.

Las Ramblas also has had rumblings over the last week as no making the cut.

There are also other high rise projects that have delayed breaking grown and financing is currently under wraps.

Stay tuned...

Olivia