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

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

Rumors are flying around the Web about Las Ramblas, George Clooney and Partners stake in Las Vegas High Rise Condo Hotel property slated for the Harmon Corridor.

In the New York Post it reads:

December 21, 2005 -- IT doesn't look like George Clooney is going to make that big financial score in Las Vegas as he did in "Ocean's Eleven." Sources tell The Post's Braden Keil that his much-ballyhooed, $3 billion Las Ramblas condominium and entertainment project on 25 acres in Sin City is in trouble and may be scrapped. Clooney and partners, who include Rande Gerber and Miami builder Jorge Perez, made big news last summer when the plan was announced, with the Hollywood heartthrob saying he'd donate his share of profits to charity. But the Vegas housing market is already experiencing a condo construction glut. Calls to the Related Cos., developer of the complex, were not returned.
Page Six, Richard Johnson with Paula Froelich and Chris Wilson

The Ivana Las Vegas Tower, originally called The Summit, is listed for sale on a real estate Web site for $49 million and has reportedly stopped selling units.

This project seemed doomed from the start locking on to Ivana Trump apparently due to her name. Ivana's ad campaign was "Size Matters" taking shots at the Ivana Tower was slightly taller than her ex-husband Billionare Donald Trump.

Trump Towers has broken ground due to its strong brand name "Trump" and is moving forward quickly.

Ivana marks another downed project slated for the famous Las Vegas Strip. The projects that are going to get built are the ones with strong brand names as well as experienced developers.

If you have any questions about Las Vegas High Rise projects call me at 702.372.2671

Olivia

VEGAS 888 is going to be 50 Levels of Spectacular Pacific-blue Glass that wraps itself around this modern day master piece.

Del American, is launching VEGAS 888, The Ultimate Luxury Resort Condominium Residences. VEGAS 888 is a 50-story tower located between the Las Vegas Strip and the Palms Resort Casino at Flamingo Road and Hugh Hefner Drive, in Las Vegas, Nevada.

Vegas 888 is now accepting individuals to register to be the first on the exclusive VIP reservation list. These luxury Condominiums residences will offer 50 levels of spectacular Pacific-blue glass in one-, two- or three- bedroom Penthouse Lofts, Sky Villas and High-Life Suites ranging from 800 to more than 8,000 square feet of living space with astonishing Las Vegas Strip views.

This vision was embraced for VEGAS 888 by Del American and its award-winning architectural team, to create three original interior design styles: Tech Italia®, Trada Eleganta® and Pacifica Exotica® with lavish finishes from Snaidero, Vitraform, Miele, Wolf, Sub-Zero, Poliform, Dornbracht, Lutron, Raydoor and Toto. Sumptuous Spa Baths®, steam rooms, soaring 20-foot, floor-to-ceiling glass, stone to wood flooring, private balconies, granite to stainless steel counter tops and sleek glass stairs.

The intimate world-class luxuries of VEGAS 888 will be unprecedented. Thirty-five levels above the Strip, Spa 35® will house a 12,000-square-foot, multi-level and full-service resort spa. The Riviera Hot Spot® will be a private European sunbathing oasis for residents. This area will also contain plunge pools, outdoor rain showers, exotic edgeless pools and spas. After an exotic dining experience at VEGAS 888's signature restaurant you will party close to stars with your membership to The Whale Club®, VEGAS 888's exclusive Strip-view night club

The VEGAS 888 pool areas will contain private multi-level poolside Villas with rooftop hot tubs and outdoor rain showers. Three-room Bungalows or Cabanas with private patios, will be available for residents only. VEGAS 888, the Ultimate Luxury Resort Condominium Residences, will be operated by a five-star resort staff who will offer residents and their guests the ultimate in personalized services 24-hours a day. Our VEGAS 888 Blue Glove Service® will encompass Private Butlers, Concierges, Doormen, Bellmen, Valets, Housekeepers, Spa and Pool Attendants and Dining Staff whose sole mission is to anticipate and fulfill every desire of each resident.

The luxury condominiums are priced from $750,000 to more than $10 million. Pre-register for this unique opportunity at http://www.oliviasellsvegas.com/, or call the Olivia at 702.372.2671 or email our sales team directly at olivia@oliviasellsvegas.com. Construction is set to commence in the first quarter of 2006 by Tutor-Saliba-Perini.

It is estimated that another 4,100 apartment units are in the process being converted, while another 2,900 are n the planning stages, with estimates of over 15,000 ultimately planned. These condo conversion projects meet the price range needs of first time home buyers, lower incomes, and investors.

Currently, over 23 condo conversions are in planning or sales stages, with many in final sales stages. These conversions have seen a dramatic price increase in the first half of the year. In January 2005, the average price for a two bedroom condo was about $150,000. As of September 2005, the median sales price was over $208,000, on average selling for over $200 a square foot, but with the median home prices reaching just almost $300,000, for the same month, a condo has now become an affordable entry level option.

The condo conversion market is also creating an appealing rental market for investors. As 7,000 to 15,000 rental units are converted, this is having a positive impact the rental prices. As the demand of new residents, many of whom are being relocated and can afford higher rents, more Class-A apartments are being built but since June 2005 only 355 apartments units were built to meet this demand. Rents are already starting to increase as the supply diminishes with the condo conversions and the demand continues with the influx of new residents and businesses.

Olivia

Cosmopolitan Developers broke ground on their 1.8 billion dollar Cosmopolitan Resort and Casino.

Cosmo is located on 8.5 acres between the Bellagio hotel-casino and the planned MGM Mirage CityCenter project.

The complex includes a 75,000 square-foot casino, 300,000 square-feet of retail and restaurants and a five-acre pool deck dubbed "the adult playground."

The Cosmopolitan is slated to open in 2008.

Call me for more info on how to reserve a Cosmo unit.

Olivia McClellan, ABR RGG REALTOR
Liberty Realty
702-372-3056

Project City Center, scheduled to debut in 2009, is a planned casino, retail, residential, and hotel development on the Las Vegas Strip. According to MGM it is the largest privately financed project in US history, with a budget of over $5 billion dollars on a 66 acre site, it will include 2 400 room 5 star hotels, a 1000 unit hotel condo and 100 unit residential condo. This 18 million square foot project has attracted the best of the best with designers such as Cesar Pelli, FAIA, James KM Cheng's, and Rafael Vinoly, FAIA signed on to sculpt the architecture of the towering buildings that will ultimately change the Las Vegas sky line for years to come.

For more details see the investor section on my website at www.oliviasellsvegas.com

If you don't already have the investor password contact me at 702-372-2671.

Thanks
Olivia McClellan

10-31-05

The Cosmopolitan Resort & Casino in Las Vegas signed Perini Building Company to a 1 Billion Dollor Contract.

Cosmo which has been quiete lately will official break ground on the 5 million square feet of mixed use space some time at the end of October.

There are two high rise hotel / condohotel towers scheduled as wekk as convention space, restaurants and day to day services for residents. For a full list of amenties and more info on Cosmo - please go to www.oliviasellsvegas.com

The Las Vegas Condo Market is still on fire. Home sales may have slowed but the under $250k price point is still the hottest market for buyers and investors.

"There are a number of projects that have recently started selling in Las Vegas that I recommend due to their location and amenities" McClellan said.

The fact is that these two new locations are strong because of two factors.

The first is location, location, location. You can find a better area to live in with access to the strip, 215 or the 15.

Second is amenities delivered by the community. The outdoor activity list is diverse and unlike any other property in Vegas.

To find out more about these two properties call Olivia today at 702-372-2671

Recently, Shannon Blood Las Vegas Chamber of Commerce interviewed Olivia McClellan, REALTOR Liberty Realty about the Las Vegas Real Estate Market.

You can find snippets from the interview on Olivia's Website Olivia Sells Vegas .com by Clicking on the Following Link:

Hear the Snippets by Clicking Here

It seems that many new Las Vegas residents you meet are from Orange County or CA in general. Over the past few years, the secret of lower priced homes and affordable living has been broadcast around the globe causing Las Vegas to grow by 11 people an hour.

The influx of people causes new jobs, more revenue for the city and companies relocating to Las Vegas to take advantage of its Business Friendly Climate. There are new hospitals, large companies and new commercial construction popping up daily, so sit back and watch Las Vegas grow up into a Metropolitan City before you eyes.

See you on the Web

Olivia

With Panorama Towers already well under construction and attracting Hollywood names like Leonardo Di Caprio, this project is one of the ones that will become a permanent fixture in the new Las Vegas skyline. And if you think you missed out on purchasing a a luxury condo here, I've got news for you!!

Call today and I can still reserve you a few select two bedroom condos starting in the $500,000

This Project has it all....
UNPARALLELED STRIP VIEWS!
Floor to Ceiling Glass Windows!
Marble, Stone & Granite Finishes, standard!
Top of the Line Appliances Included! (not an upgrade)
VIP Concierge
Valet Parking & 24 Hour Doorman
Incredible water features including tropical pool and spa with sun decks
State-of-the-Art Workout Facilities with His/Her Spa
On site retail shops, dining, and entertainment



Olivia McClellan
Liberty Realty
7674 W Lake Mead, Ste 150
Las Vegas, NV 89128
Direct 702-372-2671
Fax 702-543-4845
olivia@oliviasellsvegas.com
www.oliviasellsvegas.com

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

"Vegas Baby!" was the trademark cry of the movie Swingers years back and still
rings true to this day as people still make their pilgrimage to Las Vegas to
vacation, relocate or just plain relax.

Las Vegas has changed over the years from pure Gaming to a vacation destination
that is internationally branded. Vegas has world class spas, hotels, restaurants,
nightclubs, shows all surrounding the world famous Strip.

Here are some interesting Vegas facts:

• currently 35 million people a month funnel through via McCarran Airport
  for various reasons, vacation, trade shows


• 11 people a minute are relocating to Las Vegas


• Las Vegas is the #1 city in the USA in manufacturing


• Top 10 in the fastest growing Job Economy by CNN Money


• In 2004, visitors stayed an average of 3.6 nights by City of Las Vegas
  Website www.lasvegasnevada.gov


• More than 22,000 conventions were held in Las Vegas in 2004 Link to Redevelopment
  Plan from City of Las Vegas Website http://www.lasvegasnevada.gov/files/redevplan.pdf

See you on the Web!

Team OSV

We'll it was an exciting weekend in Las Vegas. I had a couple clients in town and we visited various high rise properties.

Las Rambles is very high end with the upscale vision of bringing back the las vegas nostalgia of yester year with a inimate casion that will have a dress code and a vegas version of rodeo drive...with botique and high end shopping .....available are residential and condo/hotels and it's still in first pha e pricing .....if you're looking for a early phase pre construction luxury investment this may be the property for you.

ICON:
This is going to be one of the tallest properties on the strip and its design is fatalistic

Hard Rock Residences:
If you have been to the Hard Rock you know the quality of this property and the names it brings to mind. The Condotel project is no different. It’s a who’s who of the Rock n Roll - Celebrity world. Can you say 4,000 people waiting list? f you're interested in this property dispite the wait list, I can work with you to get a studio residence with strip views

Palms Place
Also sold out and one of the most popular projects in Las Vegas. This project is slated to have a playboy club as well as a full recording studio. The Palms is Vegas.

Most of the development projects in Vegas are going to contract so you never know when a unit may fall out.

Also on a side note:
Our first exposure to Wynn Las Vegas. The casino layout was different and there was only one bar that we found so getting a drink was tough. We had dinner at The Country Club and it was fantastic. The bone in Rib eye was out of this world.

See you in Vegas

Olivia

Sept 14th - Four Seasons Hotel - Las Vegas Chamber of Commerce Meeting for Presidents Club and Board of Advisors - Guest Speaker - Mayor Goodman In his charismatic way Mayor Goodman discussed his vision for Las Vegas and how he intends to bring back old Vegas to the downtown district. He spoke of the "Jewel of the Desert" a concept being realized on 61 acres near the Chelsey Mall as well as many other projects such as Sandurst Las Vegas and other Luxury High Rise Projects that are in planning stages or in progress.

The Mayor outlined all of the exciting projects that are being worked on to bring business, new medical research centers, Broadway theaters, a professional sports team as well as countless other projects that will elevate Las Vegas to a major U.S. city. If you get a chance to hear Mayor Goodman speak or meet him don't pass it up.

There is a reason he is is called "The worlds happiest Mayor"

Olivia
702-372-2671

Olivia McClellan K970 Interview 9/12/05

Olivia McClellan was interviewed
on K970 News today to speak about the Las Vegas Real Estate Market. You can catch the interview on 970am over the next few weeks. We will also be posting a digital version on www.oliviasellsvegas.com

Thanks

Team OSV

The W is Coming to Las Vegas

The W Las Vegas will embrace the stylish, signature comforts W is renownedfor,
including striking architecture, multiple restaurants, exhilaratingnightlife
and a destination spa. The development will be the brand's firstproperty with
a casino.

Highlights of the $1.7 billion project include:

• A mix of approximately
• 3,000 hotel and residential units
• More than ten destination dining and nightlife outlets
• World-class retail space
• 75,000 square foot casino Spa & Gym
• 300,000 square feet of meeting space

W Las Vegas will be comprised of a mix of hotel, condo-hotel, andresidential units, offering owners a combination of poolside cabanas, studios,one and two bedroom condominiums with the benefits of being attached to a WHotel. Owners will have full use of the property's facilities and amenities,as well as access to maid service, 24-hour room service and conciergeservices. Units will go on sale in the fourth quarter of 2005, with pricesstarting at $550,000. Prospective buyers can visit www.oliviasellsvegas.com to register their interest.

Las Ramblas hit the papers today in Las Vegas with George Clooney as the latest celebrity face to grab the spotlight. This time not just as a condo investor but side by side with the developers.

The latest Condo Hotel to be released is located in the ever growing Harmon Corridor near the trendy Hard Rock Hotel and Casino.

The Las Ramblas project is scheduled for construction to commence in mid 2006 with a final closeout date of Spring 2008.

More to come at www.oliviasellsvegas.com

Olivia

August 13th - Early Saturday morning at 4:00am Realtors and buyers started lining up to be one of the first to reserve an Ivana Luxury Condo. The nationwide public release was scheduled for Sunday August 14th. Las Vegas was the central location with other release locations located in Los Angeles, New York and Miami respectively.

According to reports Ivana was 50% reserved by Monday Aug 15th and should be sold out within months.

Stay Tuned

Olivia

Breaking News:
The Aqua Blue Project slated on Koval has apparently been cancelled. The developers of the condo/hotel pulled the plug according to the RJ. You can read more about this at www.thehighrisereport.com

Thanks

Olivia McClellan
Liberty Realty
702.372.2671

Over the next couple of years the Las Vegas skyline is changing with the addition of many Luxury High Rise Condos being built on or around the Las Vegas Strip. North near Fremont Street all the way down south past Mandalay Bay.

Las Vegas Skyline is changing as you read this Website.

Please contact me for all of your Luxury Real Estate needs in Las Vegas.

Thanks

Olivia
Liberty Realty
702.372.2671