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Latest Blog Posts

  • Local agents sue Cosmopolitan Owner on Sep 21, 2009 in condo news cosmopolitan lawsuit

    It seems that the Las Vegas real estate market is rapidly becoming a serial soap opera. The local courts have been kept very busy with lawsuits. Earlier this year it was Fontainebleau suing over financing along with CityCenter, then CityCenter was be...

  • CityCenter cuts condo prices on Aug 7, 2009 in condo news citycenter las vegas strip

    Earlier this year CityCenter was facing a revolt from its contract buyers demanding price reductions on their units. A small group of buyers went so far as to obtain an attorney to try to get out of their contracts because the contract price was no l...

  • Newport Lofts auction on Jul 26, 2009 in auctions condo auctions newport lofts

    Once upon a time property auctions were a rare bird in southern Nevada. Of course, so were foreclosures. So with the real estate market now a buyer’s market, property auctions have gained some popularity among lenders as a way to quickly reduce...

  • Early Buyers Cry Foul at CityCenter on Jul 10, 2009 in condo news citycenter las vegas strip

    Recently a lot of local and national press have been focused on a small group of buyers at CityCenter. Some early condo buyers are demanding significant price reductions….despite signing a contract. Now, I’m not taking sides. I had agreed...

  • Fontainebleau Woes Continue on Jun 23, 2009 in real estate news las vegas strip

    It has been a very rocky road for Turnberry Associate’s latest project Fontainebleau. Earlier this year it was in an enviable position having secured 100% of its financing prior to construction. However, despite the best planning the project wa...

  • Yet Another Lawsuit on Jun 10, 2009 in condo news

    The courts have been kept quite busy since the real estate bubble burst. If you surf the web, it seems that everyone was predicting that the housing market crash. One of the things that people tend to forget is that there is no guarantee that any pro...

  • Condo Projects Battling it Out on May 13, 2009 in condo news

    One thing is for certain, the courts have been kept busy by developers. In an interesting turn, the owners of Fontainebleau are accusing their lender, Deutsche Bank of trying to destroy their project in order to protect their own condo project. Deuts...