You've heard the phrase "act now, before it's too late". Many times, that's just text inserted into ads to give them a sense of urgency. In this case, however, it's the real deal. On June 1st, two Las Vegas high rise condo projects will be increasing their prices on their high rise condo units, both of which are tremendous high rise opportunities here in Las Vegas. One being Juhl, the other the "W" Residences.
In fact, Juhl Las Vegas in downtown Las Vegas has an excellent 1-bedroom unit on the fifth floor that just became available for a discounted $409. Pick that unit up (and be my neighbor for that matter!) and I'm sure you'll be very happy on June 1st. Or get that reservation at the "W" and you'll probably be even happier once you go to contract on that project and get to select your specific unit.
You have 48 hours left. Better get going now...
Tuesday, May 30, 2006
Friday, May 26, 2006
Seeing is Believing at Las Vegas MGM Grand Residences High Rise Condo Hotel
Seeing is believing. It's one thing to research a Las Vegas high rise condo hotel project, do the numbers, and determine whether or not it would make an excellent investment. It's another to actually see the almost completed product in all its glory. Last week, the people over at the MGM Grand Residences gave me a private access tour through Tower A of the Residences project, which was nothing less than amazing.
Going to their website gives you a nice overview of what the project is all about, but seeing Las Vegas from a private view from the 36th floor of the tower really takes you to another level (literally!). Be it mountain or strip views, my visit to the Residences totally reinforced my belief that this project is a major winner, whether you already have a purchased a unit or are just considering it. And if so, I would suggest moving forward with Tower C ASAP, as they only have about 75 units left - many with the breathtaking views I saw for myself and all quality built as only Turnberry can do.
From the immaculate lobby area, the private valet & concierge service, the landscaped swimming pool area with private cabanas, to the private owners lounge, MGM's first class. But perhaps the best part, (besides the rental program with a very fair split, or the unit appreciation potential, or the steady influx of conventioneers and show-goers that the MGM can draw to your rental resource just on brand name alone) is that buyers of the Residences units have access to all the amenities the MGM Casino Resort has to offer. Have you ever been to the MGM?... There's a reason it's considered the entertainment and convention capital of Las Vegas - and Residences owners can use it like they own it! That's huge!
And did I mention you can still get a penthouse unit at MGM for less than the price of a regular unit at Trump or the Cosmo? That's right - an affordable PENTHOUSE!
Don't be a doubting Thomas with respect to the Las Vegas high rise market. There are many other projects in town that'll show you great artist's renderings and point to their successful projects in the past and will make great investment opportunities. But the MGM Grand Residences is perhaps the ONLY condo-hotel project in town where you actually KNOW this to be true. (see pictures) I know it because I've seen the completed Tower A with my own eyes. Happy are those who have purchased, yet not seen.
Now's the time to act. With only 75 units left, I've got access to a deal you won't believe. So if you're a serious interested buyer, please fill out the form found here for more info and I'll make arrangements to get you a private-access tour so you can see for yourself what the views will be like from the balcony of your very own unit like I did.
Going to their website gives you a nice overview of what the project is all about, but seeing Las Vegas from a private view from the 36th floor of the tower really takes you to another level (literally!). Be it mountain or strip views, my visit to the Residences totally reinforced my belief that this project is a major winner, whether you already have a purchased a unit or are just considering it. And if so, I would suggest moving forward with Tower C ASAP, as they only have about 75 units left - many with the breathtaking views I saw for myself and all quality built as only Turnberry can do. From the immaculate lobby area, the private valet & concierge service, the landscaped swimming pool area with private cabanas, to the private owners lounge, MGM's first class. But perhaps the best part, (besides the rental program with a very fair split, or the unit appreciation potential, or the steady influx of conventioneers and show-goers that the MGM can draw to your rental resource just on brand name alone) is that buyers of the Residences units have access to all the amenities the MGM Casino Resort has to offer. Have you ever been to the MGM?... There's a reason it's considered the entertainment and convention capital of Las Vegas - and Residences owners can use it like they own it! That's huge!And did I mention you can still get a penthouse unit at MGM for less than the price of a regular unit at Trump or the Cosmo? That's right - an affordable PENTHOUSE!
Don't be a doubting Thomas with respect to the Las Vegas high rise market. There are many other projects in town that'll show you great artist's renderings and point to their successful projects in the past and will make great investment opportunities. But the MGM Grand Residences is perhaps the ONLY condo-hotel project in town where you actually KNOW this to be true. (see pictures) I know it because I've seen the completed Tower A with my own eyes. Happy are those who have purchased, yet not seen.
Now's the time to act. With only 75 units left, I've got access to a deal you won't believe. So if you're a serious interested buyer, please fill out the form found here for more info and I'll make arrangements to get you a private-access tour so you can see for yourself what the views will be like from the balcony of your very own unit like I did.
Friday, May 19, 2006
Las Vegas Newport Lofts Offering 6 Free Months of HOA Condo Dues
The downtown Las Vegas Newport Lofts project is having a special release event for this weekend only on May 20th through the 21st where Newport Lofts is offering to pay your first 6 months of condo association fees with the purchase of a high rise condo loft.
If you've been waiting for just the right moment to buy a luxury loft in the hottest real estate market in the country, this is it. They've held back some of the best lofts for this relase starting in the high 400's and are currently 65% sold out and going fast.
Newport Lofts LV is a condominium tower set in the heart of the Arts District in Downtown Las Vegas. Building features include spectacular unobstructed 360-degrfee views of the Strip, Downtown, and surrounding mountains; a rooftop facility with an infinity-edge pool, running track and sky-high clubhouse.
Construction is currently underway (see pictures) with completion scheduled for Spring of 2007. The developer of Newport is currently moving people into their first high rise loft project, SoHoLofts, so you know this project's going to be built and completed successfully.
Sorry for the short notice, but if you are interested in purchasing a unit and taking advantage of their offer, let me know and I'll attend the event for you and make sure you get a good deal.
If you've been waiting for just the right moment to buy a luxury loft in the hottest real estate market in the country, this is it. They've held back some of the best lofts for this relase starting in the high 400's and are currently 65% sold out and going fast.
Newport Lofts LV is a condominium tower set in the heart of the Arts District in Downtown Las Vegas. Building features include spectacular unobstructed 360-degrfee views of the Strip, Downtown, and surrounding mountains; a rooftop facility with an infinity-edge pool, running track and sky-high clubhouse.
Construction is currently underway (see pictures) with completion scheduled for Spring of 2007. The developer of Newport is currently moving people into their first high rise loft project, SoHoLofts, so you know this project's going to be built and completed successfully.
Sorry for the short notice, but if you are interested in purchasing a unit and taking advantage of their offer, let me know and I'll attend the event for you and make sure you get a good deal.
Thursday, May 18, 2006
Reserve A "W" Residences Las Vegas High Rise Condo Before Prices Are Raised!
The "W" Residences Las Vegas high rise condo project will be raising prices as of June 1st. That means time is ticking on phase 1 pricing for this project. If you're interested in getting a great deal on a Las Vegas high rise, this project is for you. Get in now on the lower price range.
The graphic some views from the 50th floor in the first tower - Now that's Vegas living! Do you think people would want to rent out a unit with views like that?
The "W" is planning to go to unit selection in the end of June - early July timeframe. At that time, those on the reservation list will select their units and lock in their price. All you need is a 10% deposit and 60 days later you will go to contract. For a price-points and potential perspective, there isn't a better deal in town at this time, so register now - the sooner you do, the better chance you'll have of snagging that 50th floor view!
The graphic some views from the 50th floor in the first tower - Now that's Vegas living! Do you think people would want to rent out a unit with views like that?
The "W" is planning to go to unit selection in the end of June - early July timeframe. At that time, those on the reservation list will select their units and lock in their price. All you need is a 10% deposit and 60 days later you will go to contract. For a price-points and potential perspective, there isn't a better deal in town at this time, so register now - the sooner you do, the better chance you'll have of snagging that 50th floor view!
Friday, May 12, 2006
Lock in a Low Interest Rate on a Las Vegas High Rise Condo Today
So you bought a high rise condo. You went ahead, sent in your registration deposit, went to hard contract and now you're sitting on hopefully a highly appreciating asset. There's just one thing you may have forgotten: You're going to have to close some day... some day soon.
Oh sure, you're looking at 18 months to 2 years for most projects, but believe me when I tell you that time will FLY! - You better start thinking about how you're going to close that deal, because if you don't close, you'll most likely lose your entire downpayment up to that point. I don't care what project you bought into - I know your downpayment amount is substantial.
The interest rate you get while financing the balance of your purchase contract will be a major indicator of whether or not you made the right move to purchase a unit to begin with. If you're looking to rent your unit out, obviously the interest rate has a direct bearing on what your monthly payment will be and therefore, whether or not you'll have a positive cash flow.
So what do you think? Are interest rates going higher or lower? What will they be in 2 years when you're expected (REQUIRED!) to close? Unfortunately, I think we all know what the answers to those questions are - and it's probably not for the better.
Wouldn't it be great to lock into a low interest rate TODAY and have that rate locked in for up to 24 months to protect against rates going higher? And wouldn't it be even greater if, should interest rates go down over the next 24 months, you'd still be allowed to take the lower of the rates!?
Well, here's the good news. I've discovered a reputable condominium funding source that allows just that! With loan programs up to $10,000,000 on new high rise condo and condo hotels and 100% financing up to $1,000,000, this resource is your answer to that closing issue you may or may not have given serious thought to.
It's been my experience that when sales reps write purchase contracts on their units, no one ever gets into details regarding the issue of closing. For the most part, it's more like: "all you need is 20% down and you're in. Our buildout will be 2 months, so all you need to do is sit around and wait. Then in about a year and a half, we'll start thinking about closing." Well, I'm here to tell you that you better start thinking about closing NOW!
This could be the most important post I've ever made on this Las Vegas high rise blog. Remember, in Las Vegas, just about every high rise condo project REQUIRES that you close. For most people, that means obtaining financing. Contact me immediately for more information on how you can lock in interest rates for up to 24 months today, so you'll get the financing you'll need to leave that closing table worry-free.
Oh sure, you're looking at 18 months to 2 years for most projects, but believe me when I tell you that time will FLY! - You better start thinking about how you're going to close that deal, because if you don't close, you'll most likely lose your entire downpayment up to that point. I don't care what project you bought into - I know your downpayment amount is substantial.
The interest rate you get while financing the balance of your purchase contract will be a major indicator of whether or not you made the right move to purchase a unit to begin with. If you're looking to rent your unit out, obviously the interest rate has a direct bearing on what your monthly payment will be and therefore, whether or not you'll have a positive cash flow.
So what do you think? Are interest rates going higher or lower? What will they be in 2 years when you're expected (REQUIRED!) to close? Unfortunately, I think we all know what the answers to those questions are - and it's probably not for the better.
Wouldn't it be great to lock into a low interest rate TODAY and have that rate locked in for up to 24 months to protect against rates going higher? And wouldn't it be even greater if, should interest rates go down over the next 24 months, you'd still be allowed to take the lower of the rates!?
Well, here's the good news. I've discovered a reputable condominium funding source that allows just that! With loan programs up to $10,000,000 on new high rise condo and condo hotels and 100% financing up to $1,000,000, this resource is your answer to that closing issue you may or may not have given serious thought to.
It's been my experience that when sales reps write purchase contracts on their units, no one ever gets into details regarding the issue of closing. For the most part, it's more like: "all you need is 20% down and you're in. Our buildout will be 2 months, so all you need to do is sit around and wait. Then in about a year and a half, we'll start thinking about closing." Well, I'm here to tell you that you better start thinking about closing NOW!
This could be the most important post I've ever made on this Las Vegas high rise blog. Remember, in Las Vegas, just about every high rise condo project REQUIRES that you close. For most people, that means obtaining financing. Contact me immediately for more information on how you can lock in interest rates for up to 24 months today, so you'll get the financing you'll need to leave that closing table worry-free.
Thursday, May 11, 2006
IMN to Host 2nd Annual High Rise Conference on Financing, Developing, and Operating Condo Hotels
Mark your calendar on May 22-23rd for IMN's 2nd annual Symposium on Financing, Developing, and Operating Condo Hotels at the Westin Diplomat Resort & Spa in Hollywood, Florida.
IMN's 2005 Miami and Las Vegas Condo Hotel Symposia were enthusiastically received with over 700 people in attendance. Attending the conference is your best bet to gain the valuable knowledge of many of the industry's leading professionals as they talk about best practices, lessons learned, and war stories for the benefit of all participants all while focusing on the issues that affect all of the players within the condo hotel marketplace.
If you're just a prospective condo hotel buyer, then maybe you can skip this event (it's not cheap, trust me!). But if you're a major player in any segment of the high rise development industry, this conference is a "must attend". Get more information at their website, or call Erica Kirwan of IMN at 212.901.0546 if you'd like to feature this event in any of your publications.
IMN's 2005 Miami and Las Vegas Condo Hotel Symposia were enthusiastically received with over 700 people in attendance. Attending the conference is your best bet to gain the valuable knowledge of many of the industry's leading professionals as they talk about best practices, lessons learned, and war stories for the benefit of all participants all while focusing on the issues that affect all of the players within the condo hotel marketplace.
If you're just a prospective condo hotel buyer, then maybe you can skip this event (it's not cheap, trust me!). But if you're a major player in any segment of the high rise development industry, this conference is a "must attend". Get more information at their website, or call Erica Kirwan of IMN at 212.901.0546 if you'd like to feature this event in any of your publications.
Wednesday, May 10, 2006
CondoDomain Launches Las Vegas Condo Website Section
CondoDomain.com, who I've written about before in a previous post, has just recently launched the Las Vegas section of their website.
Their signature product is the "Condo Cast", which acts as a tremendous sales aid for developers to showcase their projects to a highly targeted audience of buyers and brokers alike. Once again, I got a chance to speak at length with the principles of the company during my recent trip to Boston, and I've concluded they're definately riding the right wave. They even quoted me in one of their blog postings! (note also how a successful marketing company like theirs sees the value of blog development)
Anyway, with so many website and marketing companies out there targeted to the real estate world, these guys really have their act together - and it shows from their website and the quality of the product they offer. Here's an example of what a "CondoCast" can do: (just click the play arrow to start the condocast)
Now I had no idea this development even existed before visiting CondoDomain.com - and I don't know about you, but if I ever want to move to New Jersey, the "A" Condominiums featured on this Condo Cast has me sold already! - Ask me how I can set you up with a Condo Cast of your own!
If you're an agent (and I know a lot of you reading this blog are), CondoDomain is currently featuring a FREE basic membership trial for 60 days with will allow you unlimited access to the entire CondoDomain site allowing you to post and edit all of your listings, with up to 8 photos, 1 virtual tour, and 1 floor plan along with a free directory listing on the "View Las Vegas Brokers" page. You'll get your own personal web page with your photo, bio and all your property listings on a site that already gets a ton of website traffic. Trust me - if you're into condos, you'd be crazy not to at least look into this resource further.
And if you're a developer (and I know a lot of you reading this blog are), CondoDomain can feature your project on a premier placement level, providing you with another online presence, completely search-optimized to specific keywords featuring your development, as well as auto-mapping via Google Maps, with a direct link to your own website and contact to your onsite sales office and monthly tracking and reporting data so you can see for yourself if this resource is worthwhile for you to continue using. My bet is it is - and if just for the 1-time inclusion of your condo in CondoDomain's montly e-blast to thousands of brokers and buyers!
They're also rolling out a "Platinum Media Package" for developers that can take your marketing efforts to another level. Contact me if you'd like more info - you'll be amazed at how cost-effective a marketing package like this can be compared to traditional forms of media advertising that cost a fortune for a one-time ad.
Their signature product is the "Condo Cast", which acts as a tremendous sales aid for developers to showcase their projects to a highly targeted audience of buyers and brokers alike. Once again, I got a chance to speak at length with the principles of the company during my recent trip to Boston, and I've concluded they're definately riding the right wave. They even quoted me in one of their blog postings! (note also how a successful marketing company like theirs sees the value of blog development)
Anyway, with so many website and marketing companies out there targeted to the real estate world, these guys really have their act together - and it shows from their website and the quality of the product they offer. Here's an example of what a "CondoCast" can do: (just click the play arrow to start the condocast)
Copyright 2006 Virtuale ProductionsLLC. All rights reserved. Can't view? Download Flash Player Now. |
Now I had no idea this development even existed before visiting CondoDomain.com - and I don't know about you, but if I ever want to move to New Jersey, the "A" Condominiums featured on this Condo Cast has me sold already! - Ask me how I can set you up with a Condo Cast of your own!
If you're an agent (and I know a lot of you reading this blog are), CondoDomain is currently featuring a FREE basic membership trial for 60 days with will allow you unlimited access to the entire CondoDomain site allowing you to post and edit all of your listings, with up to 8 photos, 1 virtual tour, and 1 floor plan along with a free directory listing on the "View Las Vegas Brokers" page. You'll get your own personal web page with your photo, bio and all your property listings on a site that already gets a ton of website traffic. Trust me - if you're into condos, you'd be crazy not to at least look into this resource further.
And if you're a developer (and I know a lot of you reading this blog are), CondoDomain can feature your project on a premier placement level, providing you with another online presence, completely search-optimized to specific keywords featuring your development, as well as auto-mapping via Google Maps, with a direct link to your own website and contact to your onsite sales office and monthly tracking and reporting data so you can see for yourself if this resource is worthwhile for you to continue using. My bet is it is - and if just for the 1-time inclusion of your condo in CondoDomain's montly e-blast to thousands of brokers and buyers!
They're also rolling out a "Platinum Media Package" for developers that can take your marketing efforts to another level. Contact me if you'd like more info - you'll be amazed at how cost-effective a marketing package like this can be compared to traditional forms of media advertising that cost a fortune for a one-time ad.
Tuesday, May 02, 2006
Take a Lesson on How Las Vegas High Rise Condo Developers Treat RE Agents
There's an interesting way to determine how "solid" your Las Vegas high rise condo project really is which you probably never considered before - and it's how willing the project is in paying commissions to real estate agents who sell their units.
When a Las Vegas high rise condo project pays commissions to agents before their project completion and are including clauses that DON'T demand the commission check back should the project fail, you know you're looking at a project that believes its product will get built and will work.
Many agents in town have been burnt by the likes of failed projects including Krystle Sands, Ivana, ICON, etc. both in terms of money and in credibility in the eyes of the clients they put in those projects. Since high rise projects all know the key to successful sales is broker cooperation, the ones that are stepping to the plate with their pocketbooks are the ones you know will succeed.
Think about it. If I'm confident in the job I do or the service I perform, where's the downside of offering a satisfaction guaranteed or money-back guarantee promotion. I know I can deliver, and it gives the client the confidence that they chose the right vendor. Likewise, if a high rise project is confident in their ability to complete the project, why not pay an agent with non-recourse commissions? - And if you're an agent (or a buyer for that matter), that has to give you the confidence you're pitching the right deal or getting into the right development.
Las Vegas high rise condo projects such as Trump, Cosmopolitan, One Las Vegas, Sky Las Vegas, and Streamline - to name a few - all pay non-recourse commissions to real estate agents. Some of these commission amounts are quite substantial. If they're willing to commit that type of money to agents before the completion of their respective projects without expecting refunds in case of failure, you've got to believe that they're confident about their project and their ability to deliver. And that always translates into great opportunities for buyers. Shouldn't you be one of them?
When a Las Vegas high rise condo project pays commissions to agents before their project completion and are including clauses that DON'T demand the commission check back should the project fail, you know you're looking at a project that believes its product will get built and will work.
Many agents in town have been burnt by the likes of failed projects including Krystle Sands, Ivana, ICON, etc. both in terms of money and in credibility in the eyes of the clients they put in those projects. Since high rise projects all know the key to successful sales is broker cooperation, the ones that are stepping to the plate with their pocketbooks are the ones you know will succeed.
Think about it. If I'm confident in the job I do or the service I perform, where's the downside of offering a satisfaction guaranteed or money-back guarantee promotion. I know I can deliver, and it gives the client the confidence that they chose the right vendor. Likewise, if a high rise project is confident in their ability to complete the project, why not pay an agent with non-recourse commissions? - And if you're an agent (or a buyer for that matter), that has to give you the confidence you're pitching the right deal or getting into the right development.
Las Vegas high rise condo projects such as Trump, Cosmopolitan, One Las Vegas, Sky Las Vegas, and Streamline - to name a few - all pay non-recourse commissions to real estate agents. Some of these commission amounts are quite substantial. If they're willing to commit that type of money to agents before the completion of their respective projects without expecting refunds in case of failure, you've got to believe that they're confident about their project and their ability to deliver. And that always translates into great opportunities for buyers. Shouldn't you be one of them?
Monday, May 01, 2006
Status of Downtown Las Vegas High Rise Condo Projects
Yesterday, we talked about how the Soho Lofts project is winning the race to become the first downtown high rise condo project to officially open and how they're aiding the downtown revitalization process by opening a high-end car dealership showroom within Soho's ground floor commercial space. But what about all the other 33 or so downtown projects currently on the table? What's their status and how are they progressing?
For the answer to that, you need to read an excellent article in today's Las Vegas Sun written by Dan Kulin which details each particular downtown Las Vegas project.
Two things are for sure: (1) high rise condos will be the key to downtown revitalization, and (2) you better look into getting in on the action - that's the part I can help you with.
For the answer to that, you need to read an excellent article in today's Las Vegas Sun written by Dan Kulin which details each particular downtown Las Vegas project.
Two things are for sure: (1) high rise condos will be the key to downtown revitalization, and (2) you better look into getting in on the action - that's the part I can help you with.
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