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

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/

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.

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 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

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

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

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

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