Blog Archive

Happy New Year from Triple8 Associates

Happy New Year from all of us at Triple8 Associates in Las Vegas.

May your 2008 bring you health and successful investments.

Triple8 Associates Inc.

Spa Lofts Cancelled or Suspended

Business Press announced that Spa Lofts a development by The Light Group has been cancelled or suspended.

The planned mid-rise is the latest development to be cancelled due to slowing market conditions.

Current Resales on the Market in Las Vegas

Current Hgh, Mid, Loft Resales in Las Vegas, NV. The lower prices reflect 1 bedrooms or studios depending on the project. The higher prices are usually penthouse units.

Downtown Las Vegas
NEWPORT LOFTS - Resales (13) Range: $464k- $838k
SOHO LOFTS - Resales (27) Range: $459k- $4.7 mil
Streamline Tower - not completed can get pricing
The Verge - not completed sold out

Las Vegas Strip
Allure Las Vegas - Resales (5) Range: $448k- $494k - There are a few 1 beds around $425k available
Sky Las Vegas - Resales (56) Range: $399k- $5.9 mil
City Center - not completed can get pricing
Trump International - not completed can get pricing
Planet Hollywood Towers - not completed can get pricing

South Strip
PARK AVENUE - Resales (51) Range: $204k- $499k
Loft 5 - Resales (12) Range: $525k- $7194k
Boca Raton - Resales (4) Range: $399k- $700k
Onyx - Resales (1) Range: $810k
L5 - not completed can get pricing
Brickwater - not completed can get pricing

East Off Strip
Platinum Condo Hotel - Resales (84) Range: $369k- $1.1 mil (Furnished Condo Hotel)
TURNBERRY M G M GRAND TOWERS - Resales (152) Range: $369k- $2.2 mil (Furnished Condo Hotel)
METROPOLIS - Resales (17) Range: $499k- $2.5 mil
TURNBERRY PLACE - Resales (82) Range: $448k- $12 mil
TURNBERRY TOWERS - Resales (83) Range: $4396k- $1.4 mil

West OFF Strip
PANORAMA TOWERS - Resales (108) Range: $435k- $12 mil
Palms Place - not completed sold out

West Summerlin OFF Strip
C2 LOFTS - Resales (12) Range: $696k- $1.5 mil
One Queensridge Place - Resales (8) Range: $2.1 mil - $5.96 mil
THE MERCER - not completed can get pricing
Luxe Lofts - not completed can get pricing

Henderson Green Valley
The District - Resales (1) Range: $575k

Give us call if you would like to view any of these units

Verge Ground Breaking - Dec 12 th 3:00 pm


The Verge ground breaking event downtown has been set for December 12th at 3pm onsite. This is great news for a great project. We are glad to see it get off the ground. If you stop by you might see Mayor Goodman on hand celebrating the Verge Ground breaking. We will be sending seperate invitations out to our clients who purchased a Verge unit. There may be a few units available based on drop out so if you are interested please email us.

President's Dinner at Las Vegas Country Club 12-6-07


GLVAR committees were honors last night at the President's Appreciation Dinner held at the Las Vegas Country Club.

Devin Reese, 2007 GLVAR President made quick work of getting all of the certificates and honorees recognized. The event was capped off by Lee Barrett being recognized as Instruction of the Year.

Dinner and dancing commenced and everyone had a great time.

Clean up Las Vegas Graffiti 702-455-4509

If you are concerned about the increase of graffiti around the Las Vegas Valley its time to start cleaning it up.

If you see graffiti on any structure call a 24 hour voicemail hotline to report it. The Graffiti Hotline number is 702-455-4509.

If you catch a tagger or someone defacing any structure call 911 and report it to the police department.

This is non-profit line so support it to clean up Las Vegas. The number is being promoted by Kevin L. Child from Deiro & Associates

Holiday Season in Full Swing

The official holiday season has started flooding the malls with shoppers and the builders putting homes up for sale slashing prices.

Every year, builders do their best to unload inventory at the end of the year to clear there books. If you are waiting or sitting on the fence it might be time to talk a look at the inventory.

There are million dollar homes going for $600k with golf course views. Some are new homes others are resales that have never been lived in.

So if you are a buyer, who is interested in seeing what is available, give us a call at T8A.

NAR 2007 in Las Vegas


Sima USA section at NAR in Las Vegas 2007 was pretty spectacular with many countries represented at the conference.


Panama, Costa Rica, The Dominician Republic had a majority of the space wrapped up showcasing their extremely cool products. From high rise to private villas there was too much to see.


We spoke with many developers who were in planning for presales phase. If you would like more info on any specific country we can put you in touch with the developer of the project.


Investing in Real Estate inside the United States is great but there are some great places around the globe you might want to look at for a 2nd home or retirement location


Olivia

Triple8 Associates Real Estate Links

Check out our other Las Vegas Blogs

Trump Las Vegas Tower II 2008

The new Trump Tower in Vegas stands out with a large T lit at night along with TRUMP on the sides of the building. Tower II is scheduled to break ground in 2008 now that the Frontier has been flattened and clean-up has begun.

Las Vegas is just one city that Trump is building high rise luxury condos in. He is currently either has built or is building in New York, New Jersey, Honolulu, Los Angeles, Chicago, Florida, Dominican Republic, Seoul, Toronto, Panama, Mexico, Connecticut and future development sites in Soho, NY, Atlanta, New Orleans and Dubai.

Trump dominates the luxury high rise market with his exclusive product and unstoppable brand.

Trump stands apart from other developments in Las Vegas due to the fact it is exclusive, high end and very expensive per square ft. If you are looking for exclusivity in Las Vegas give us a call to check inventory.

C2 Lofts - Starts Move-ins in Summerlin Las Vegas

C2 Lofts located off the 215 and Charleston in Summerlin started move-ins this month. This property is one of the few properties in Las Vegas that features a true loft residence with high ceilings and sleek comtemporary design.

Most units have huge floor to ceiling windows and some of the most high end upgrades available. The builder Christopher Homes has a reputation of designing and putting out a great product within the luxury sector.

C2 Lofts is located near red rock canyon, shopping and restaurants. There is also one of the most anticpated shopping malls being built across the freeway which is patterned after Fashion Island in Newport Beach CA. If you shop and live in Las Vegas this is a wonderful addition.

There are units available at C2 Lofts for sale and for corporate lease so call us if you have questions.

Is it really a BAD Market?

Is it really a bad market or just a Buyers Market?

All of our clients who have purchased either a resale, bank foreclosure or new home have been pretty happy with the incentives and results.

Are my Sellers happy? "No" especially if they have to sell. They feel like they are wading out into waist deep waters knowing there are sharks swimming around. If they are not priced close to market most of them are getting offers 20% below asking. So not happy.

In 1999,2000,2001,2002.2003 it was a Sellers Market and Buyers were paying over asking and getting into bidding wars. The Buyers weren't happy when they were buying but in 6 months when they put that home back are the market and Flipped it for a nice profit, they turned into a Seller and they were happy.

Really, is there a Bad market or just a Buyers Market and Sellers Market. The market shifts back and forth almost like one of those wave machines that sits on your desk. It is sure to shift the other way.

Las Vegas continues to have about 6,000 new residents a month and tourism is maxing out McCarren Airport. There are many new residential and condo hotels on the verge of hitting the market AND MGM Mirage City Center is moving along nicely. By the way have you heard, City Center II on the north end of the Strip...

If you are buyer who is looking for something specific in Las Vegas give us a call we will research it to let you know if it is available and at what price. There are one bedroom units on the strip available for around 400k. Just give us a buzz

360 degree Marketing NAR Las Vegas 2007

360 Marketing was taught by a husband and wife team Harley and Karina Rouda team, Great class teaching REALTORS about new technologies in marketing. The spoke regarding there 360 degree marketing and many phases of how to advertise in today's economy.

NAR Las Vegas 2007 - What's New

The Sands Convention Hall was full with REALTORS from all around the world. During the day most attended classes along with visiting with exhibitors in the main hall.

The feature speaker today was Bill Cosby who with his humorous twist spoke to a packed room about the positives of the current market. A fun break from the hustle and bustle of the convention.

More coming soon...

NAR 2007 Las Vegas Seth Godin

Seth Godin spoke today at NAR 2007 in Las Vegas to a packed audience.

The topic was permission marketing and how REALTORS need to stand out from the crowd to be successful. His hour and half seminar covered branding and how to utilize a changing market to get ahead.

I will be posting more about NAR soon about other exciting products and services at this years NAR show..

Town Square Opens on Las Vegas Blvd

Town Square by Turnberry has opened on the South Las Vegas Strip.

Here are just a few anchor tenants located at Town Square:


  • Abecrombie and Finch
  • American Eagle
  • Banana Republic
  • Gap
  • Lucky Brand Jeans
  • Tommy Bahama
  • Gymboree
  • Aldo
  • Skechers
  • Kay Jewelers
  • Bath and Body Works

and many more. Another great shopping mall opens in Vegas...

City Center Moving Along

If you haven't been following the rapid growth of MGM Mirage City Center you are missing out on watching incredible growth on the World Famous Las Vegas Strip.
There are condo and condo hotel properties still available.
Check out these pics








Boca Raton Move-ins Start Oct 07

Boca Raton is the lastest mid rise to start move-ins into the brand new condominiums.

The 378-unit first phase has been completed and residents have begun moving into with more than 140 units closed. The developer is about 80 percent sold out with many units still available.

If you are interested in a luxury condo on the south strip, give us a call to find out what units are available and pricing.

Call for professional real estate assistance.

Olivia
702-372-2671

The Strand Lofts Coming to Las Vegas 2008

The Avenue is almost ready for move-ins and Wolfson Lofts is already planning another boutique Ultra Loft development in Las Vegas.

There aren't many details surrounding the new project The Strand but if it is anything like The Avenue it will be top notch.

Based on the Avenue there should be under 10 units so these will be reserved quickly. These probably are not units that you would purchase primarly as an investment to resell for a profit but an investment to live in based on the development's overall coolness.

For more info email or call me.

Olivia

Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@OliviaSellsVegas.com
Visit me online at www.OliviaSellsVegas.com

Palms Place Sept 29,2007

Palms Place, Las Vegas

Manhattan Condos Gemstone Sued

If you own a unit, are buying a unit or have been in contract and released your earnest money to Manhattan Condos / Gemstone you need to read about the current lawsuit filed against Gemstone. (Click Here)

Contact Callister Reynolds (Kim or Brooke) for more info:

Callister & Reynolds Law Offices
823 Las Vegas Boulevard South
Las Vegas, Nevada 89101
Phone: 702-385-3343
Fax: 702-385-7743

Model Leasebacks in Las Vegas 12% Cap Rate

Cash Positive with 12% CAP RATE

2 Model Homes for Sale

Builder Lease backs Silverado Ranch Area -

  1. 2468 SF 3 bed 2sty, 3 car garage, POOL, full covered sundeck, retreat Includes all model home upgrades and furnishings - List Price: $609,007
  2. 2834 SF 4 bed 2sty, 3 car garage, 1 bed down, separate family/dining - List Price: $643,059

Builder rent back at Rent of 1% of sales price per month ($6090/$6430)
Min. 18 month lease with options to renew up to 18 months. Cash Positive with 12% CAP RATE and no one living in the unit so no daily wear and tear and no maintenance as builder will handle all.
15% Down Required for Stated Income or 10% Down for Full Doc. 3% For Closing Costs also paid

Thank you

Jason and Olivia

McClellan Team, Liberty Realty
2920 S. Durango Dr.
Las Vegas, NV 89117
efax 702-543-4845
www.oliviasellsvegas.com

Olivia McClellan, ABR, GRI, RRG
Liberty Realty, Broker/Salesperson, REALTOR®
Direct 702-372-2671
olivia@oliviasellsvegas.com

Jason McClellan, REALTOR®
Liberty Realty, Salesperson
Direct 702-218-3302
info@oliviasellsvegas.com

A quote we live by: "You will miss 100% of all the shots you never take" Wayne Gretzky

CL3 Hybrid Lofts Delayed

CL3 Lofts is a mixed of office, warehouse and residential space being built in North Las Vegas. There apparently are some permit issues that have come up that are being resolved.

CL3 Lofts is planned for 44 units, including a café, with units priced from $600's.

The project was set for an August delivery.

If you are interested in true live work lofts call me today

Olivia

Palms Place Construction Video

Palms Place construction is moving quickly with a scheduled late 2007 close coming up.




Palms Place is 100% sold out but as closings get closer there may be units available if you are interested please contact me.

Thanks

Olivia
702-372-2671

JUHL Tops Off Downtown


JUHL - one of the projects making progress downtown topped off over the weekend. They expect to start move-ins starting May 08'.

This project was unique based on the location and amount of floor plans available. This will mark the third project coming to downtown behind SOHO lofts and Newport Lofts.

If you have any questions about availability about JUHL or resale’s in one of the other properties downtown do not hesitate to call me at 702-372-2671.

Thanks

Olivia

Sullivan Square Groundbreaking in Southwest Las Vegas

Another development breaks ground in Las Vegas.

Sullivan Square, a new mixed-use community in the southwest valley, is prepared to move forard and had it's groundbreaking ceremony yesterday.

Construction will begin with a 20-foot excavation for the underground parking area and laying of utilities.

This is one of the hottest mid-rise project in Las Vegas .

For more info or to tour the property please contact us.

McClellan Team, Liberty Realty
2920 S. Durango Dr.
Las Vegas, NV 89117
efax 702-543-4845
www.oliviasellsvegas.com

Olivia McClellan, ABR, GRI, RRG
Liberty Realty, Broker/Salesperson, REALTOR®
Direct 702-372-2671
olivia@oliviasellsvegas.com

Jason D. McClellan, REALTOR®
Liberty Realty, Salesperson
Direct 702-218-3302
info@oliviasellsvegas.com

Women's Wealth Conference in Newport

I recently attended the Women's Wealth Conference in Newport Beach CA. There were many talented speakers on hand including one of my favorites, Terry Watson . I thought I would pass along a few of the books that were recommended:
Here they are:

Urban Lofts Moving forward with Fremont Lofts

The fact that developers are building lofts in Las Vegas is great for locals who want a very untraditional home to live in. Pink Stucco houses with a 2 car garage and postage stamp of a backyard are a dime a dozen but a true loft with soaring ceilings and wide open spaces allows of True Living Space, IMHO.

The guys over at Urban Lofts are starting phase two of 11th Street Lofts a hybrid project - part loft, part townhouse but definitely hip and trendy. The only downside the project is being built east of Fremont street experience. The downtown revitalization is in progress but we won't see it spreading east for a while.

Urban Lofts 2nd project Fremont Street lofts is set to break ground shortly in the same area.

If you want an affordable, very hip loft/townhouse we would be glad to tour you on this property and other loft properties in Vegas. For more info go to
www.nvlofts.com and find out why Olivia is your loft specialist in Las Vegas.

Thanks

Jason

Standhi - Are you ready for high rise loft living?

Standhi will be the tallest building in downtown Las Vegas hosting over 425 luxury condominums adding to the selection of new downtown projects.

This is the lastest offering from Sam Cherry Development one of the top developers in Las Vegas. He has built Soho Lofts and is currenting finishing Newport Lofts. Standhi marks his 3rd offering in Las Vegas since the boom. Other developers are still working on the 1st completion.

To find out more information about this project please call me.

Thanks

Olivia

What is going on with Las Vegas Real Estate?

What is the state of the housing market in Las Vegas?

Buyers are having great time bargain hunting and finding deals on new homes. Resale’s - hit and miss based on sellers willingness to negotiate their price, many of whom are reluctant to lower prices because they are under water. Some because they refinanced and pulled cash out and with the slow down they have lost value and now owe more than the home is worth. Others of course went the route of negative amortization loans thinking they could flip or refi at a lower rate when the time came only to find, the time came and the rates went up and values down.

Many sellers are frozen and unwilling to listen to market data or their REALTORS®. The bottom line is if a seller NEEDS to sell - they may need to make concessions to sell the property. This is what developers are doing by offering huge buyer incentives like closing costs, upgrades, and back yard landscaping. Developers are also offering large realtor co-ops so re sale homes are competing against this factor as well.

Many sellers are testing the market and are not serious about selling unless it is at asking price AND on their terms even when the recent sales indicate a buyer could buy twice the home for half the cost elsewhere.


There is a collision either way with Buyers writing offers 20% or 30% under the asking price and Sellers listing their property over market comparisons adding in 2004 unrealized appreciation.

All of this contributed to an almost all time record of resale’s on the market in May, with over 23,000 homes listed for sale and a 2.8% decrease in the median home price from a year ago down to $301,352. And with only 1568 recorded sales in the month of May, sales are down 38.7%.

It's not pretty, Nevada leads the nation in foreclosures and nearly half the resales on the market are sitting vacant. I see out of state investors unwilling or unable to pay a property manager and unable to handle renting or maintenance and turnover long distance, so the property remains unrented and vacant. In the long run, this vacancy costs more, but many investors jumped into the hot real estate market with little to no experience and high hopes of making big bucks. Many did so without the assistance of a professional realtor and the foreclosures and short sales we are seeing is a result of that.

On the up side, in a buyers market like we have today, there are some great opportunities for an investor to buy low. Sitting down with a realtor to be educated about the market and discuss your long term investment goals can make all the difference in the right purchase. There hasn't been a better time to buy in the past 30 years, and despite the foreclosure rate there are still 100% loan programs and even some down payment assistance programs for owner occupied homes.


Call me today to get info on breaking deals.

Olivia McClellan, ABR, GRI, RRG
Liberty Realty
702-372-2671

High Rise Rentals Abundant

Many of the new high rise condos have been closing units allowing occupants to move in. The other units are closing are investors leaving them vacant and put up for lease.

Investors that purchased out of state may inquire about leasing their units at www.thehighrisereport.com . Units can be furnished to compete for corporate rentals or staged with rental furniture when put on the resale market.

For more information please inquire at www.thehighrisereport.com

Spanish View Towers Sued

As reported in the Review Journal on May 30th, Spanish View Towers has come under fire and lawsuit from Buyers who were unable to recover deposits make on luxury units.

The project is over 18 months overdue leaving the towers sitting dormat for months. The project lost its financing and has been unable to get the project back on track.

There are other allegations regarding Jeannie Cutter from Prudental Americana.

More to come as it the news breaks

Olivia McClellan
Liberty Realty

Presido Heights - Brownstones in Las Vegas

Presido Heights in Las Vegas is under construction. This development features old fashion Brownstones and is located in one of the fastest growing areas of Las Vegas. Prices start in the $500's.

If you are interested in this development and want more info please call me at 702-372-2671

Thanks

Olivia

Olivia McClellan, ABR, GRI, RRG
Liberty Realty

Paxton Walk - Located in the Northwest

Paxton Walk is located in Northwest Las Vegas which is rapidly becoming a true destination, a place where residents from other parts of the valley will soon travel to work, shop, conduct business, or enjoy an evening out, a great many people have shown an interest in having those activities available closer to home. At Paxton Walk, residents will be right in the middle of the action in one of the valley's most affluent areas.

Townhomes at Paxton Walk is a series of 65 townhomes along Slade Avenue. They are 1,678 and 1,698 square feet. One floor plan has three bedrooms, while the other has two bedrooms and a loft. Both designs have private courtyards and two-car garages.

Courtyards at Paxton Walk offers 374 flats or two-level condominiums in four-story buildings surrounding a secure garage that offers at-level parking and direct entry to each home. Nine floor plans range from 726 to 1,532 square feet.


Paxton Square Town Center is the heart of the mixed-use development. The first story includes 46,000 square feet for retail space, including two 7,000 square-foot areas designed for restaurants. The second story contains 50,000 square feet of office space. There are 72 one-level and loft homes on the third and fourth floors, which overlook a 27,000-square-foot courtyard for pathways, seating, and outdoor dining.

Gardens at Paxton Walk feature 271 single- and two-story condominiums in four-story buildings, surrounding a secure garage.

Several amenities will be available to residents only, including multiple swimming pools, spas and fitness centers. The 9,000-square-foot clubhouse at the center of the development includes a two-story great room, movie theater, billiards room, library and business center.
Prices range from the $200,000s to the $500,000s.


For more info please call me at 702-372-2671

Olivia
Liberty Realty

Boca Raton Almost Completed

Boca Raton one of the latest mid rises to be built on the south strip is nearing completion. This is a very cool development with many diffrent style units, sand beach and the property is being built in a figure 8.

There are units still available so if you want more information on this promising development.

Call me at 702-372-2671

Olivia
Liberty Realty

W Project Announces Cancellation

The W Las Vegas mixed-use project slated for almost 50 acres along Harmon Avenue was canceled Friday after minority partner Starwood Hotels and Resorts Worldwide pulled out of the project.

This was proposed to be one of the hottest propertis inside Harmon Corridor. The W Hotel which has other projects in construction phase or completed had earmarked the Las Vegas property as their "Flagship."

According to The Edge Group, the land will go up for sale.

Stay tuned as the high rise market continues to reshape making developments that are in progress of being built or completed more valuable.

Thanks for stopping by

Olivia McClellan
Liberty Realty

C2 Lofts getting close to move ins


C2 Lofts is getting close to moving in buyers into this very cool development located on the West side of Summerlin.
There are a few units left if you are interested. C2 Lofts has a new project on the horizon located just east of Desert Shores so more units are coming from Christopher Homes.
These guys have built a very cool property by Vegas standards. These units have large windows and go very light on the pink stucco...
Call me for details
Olivia
702-372-2671
Liberty Realty


22 Parkside Lofts

A gem nestled amonst some older homes is a new community called 22 Parkside. It is actually a sister property of Stone Canyon Lofts.

If you havent seen some of the new single family loft homes at Stone Canyon Lofts you are missing out. They are very untraditional but very cool equipped with roof top decks and floor to ceiling windows.

This may not appeal to everyone but to me it is pretty awesome. Loft living allows tons of light and open spaces.

If you would like to visit this property or possible check for resales at Stone Canyon please do not hesitate to call me at 702-372-2671

Thanks for stopping by

Olivia McClellan
Liberty Realty

Women's Council of REALTORS Booth at REALTOR Rally


The booth at REALTOR Rally Las Vegas was a tremendous success showcasing the Las Vegas Chapter. The booth was decorated with blue and gold balloons covering the ceiling.


Check out the image


Trump Announces Tower 2 on NBC's The Apprentice

Donald Trump announced on NBC's The Apprentice that he is moving forward with tower 2 in Las Vegas. Within days they have taken 400 reservations..

MGM Positions Itselft for Project City Center North

MGM Mirage, which is currently building the massive $7 billion Project CityCenter on 66 acres on the south Strip, has assembled the acreage to construct a similar and potentially larger development on the Strip's northern end.

The Las Vegas-based casino operator will announce this morning it has finalized two Strip land acquisition deals worth a combined $575 million that will give the company more than 100 contiguous acres for development stretching north from Circus Circus Drive to Sahara Avenue.

Another massive project that according to the article in the Review Journal should start before City Center I is completed.

Stay tuned.

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

Sands Corp and Palazzo Condos Over $1000 Sq Ft

The casino company run by billionaire Sheldon Adelson said Tuesday it expects about $1 billion in net proceeds from the sale of luxury condominium units under construction at its Palazzo property on the Las Vegas Strip.

The Palazzo hotel will be a 50-floor luxury tower with approximately 3,025 luxury suites. The hotel lobby will feature a 60-foot glass dome, multiple two story fountains, imported marble, bronze case columns and special custom wall finishes. Guests arriving from the street will enter the domed entry lobby while those approaching from the Venetian Casino Resort will make the transition through a towering octagonal structure, itself topped by a glass and decorative iron dome. The floors throughout will complement the spaces with numerous interlocking patterns of polished veined marbles and colorful inlay strips. The landscape will be made up of palm trees, tailored paintings and exotically shaped topiaries.

This development is located in the heart of the strip amist some of the most valuable property in Las Vegas.

Call me for details.

Waldorf Astoria in Las Vegas

The Waldorf Astoria Residences, the first purely residental property selected by the Hilton Family of Hotel to bear the legendary hotels name will be the address to only one hundred and sixteen of the discerning and privilaged few.

There are 792 Conrad Suites also located on the lower floors. Originally, called the Majestic there was considerable interests but then the project was put on hold.

The Waldorf - Astoria will be located one block from convention center putting it directly in the middle of Las Vegas.

Please call me if you are interested in Las Vegas High Rise Real Estate.

Olivia

Olivia McClellan, REALTOR®, ABR, CRS, GRI, RRG
Broker/Owner,
Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@Triple8Associates.com
Visit me online at http://www.triple8associates.com/

Lou Ruvo Brain Institute breaks ground.

Construction has commenced in downtown Las Vegas on the $70 million Lou Ruvo Brain Institute, designed by world renowned architect Frank Gehry. The Institute,which is just a few blocks from downtown, comprises approximately 67,000 square feet and is Gehry’s first building in Las Vegas.

Headed by Dr. Zaven Khachaturian, PhD, and supported by internationally acclaimed researchers, the Institute will lead the fight against neurodegenerative diseases, including Alzheimer’s.

The project is funded by Las Vegas-based Keep Memory Alive Foundation, a non-profit organization dedicated to brain disease research, founded by Larry Ruvo, Nevada's senior managing director of Southern Wine & Spirits. The building is named after Ruvo's father, who died of Alzheimer's.

The Institute is scheduled to open in late 2008.

Renaissance bought out of foreclosure for $3.5 million

Club Renaissance bought out of foreclosure for $3.5 million as reported on March 23 on the ReviewJournal.com Website.

This project has been twisting in the wind for a while with rumors floating the plans to potential investors around the valley. It's time has come to make way for a development that might actually get built downtown.

According to the article, financing was its biggest problem. More to come on the genesis of the Renaissance.

2 bedroom 2 bath condo with tenant lease

2 bedroom 2 bath unit at Boca Park, Park1 Listed at $189,000

The unit has new carpet, new laminate flooring, all appliances, kitchen cabinet recently painted, crown moulding.

The unit has a tenant installed in a one year lease ending April 2008.

Great location priced to sell.

Call for information.

Olivia McClellan
Broker, Salesperson, REALTOR
Liberty Realty
702-372-2671
According to the Review Journal The Verge formally Aquintina Lofts was slated to be a Senior Housing Complex but due to escalating contruction costs had to be tabled in lieu of a more profitable venture.

The Verge is currently taking reservations for units starting at $141k.

This project is unique due to is location on Main and Bonanza.

If you would like more information, floor plans or unit pricing please call me at 702-372-2671.

Olivia McClellan
Broker, Salesperson, REALTOR
Liberty Realty
702-372-2671

Las Vegas Central Seeks Chapter 11

Breaking High Rise News

According to Review Journal on March 21, 2007 Las Vegas Central is seeking to restructure is finances via Chapter 11 instead of giving up on the project.

They are currently seeking a partner on this Las Vegas project.

More to come as it develops.

Olivia McClellan
Liberty Realty

Mid Rise Market Heats up with New Development

The Verge will soon enter the market in downtown Las Vegas. If you would like more info on this new product please feel free to contact me. I am attending the grand opening event for Brokers to secure units for my clients at entry level pricing. These units will be starting at around 140k.






Thanks

Olivia McClellan,
Liberty Realty
702-372-2671

Olivia Sells Vegas - SOHO Lofts



Spa Lofts Lens on Squidoo

Check out updated info on Spa Lofts by The Light Group on my business lens at Squidoo.com.

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