What Can The NFL Teach Us About Las Vegas High Rise Condos?

For those of you lucky enough to see last night's game between the Dallas Cowboys and the Green Bay Packers, you saw the continued emergence of Cowboy quarterback Tony Romo as one of the NFL's elite quarterbacks, throwing 4 touchdowns en route to a 37-27 victory.

Bu here's what's interesting about Tony Romo: despite drawing cursory interest in some NFL scouts, he went undrafted in the 2003 NFL draft. That's right - not one team saw his potential. In fact, he was only signed by Dallas as a favor to their assistant coach at the time. No one expected him to amount to anything and now, Dallas is being handsomely rewarded.

Get it? Just as Tony Romo was somewhat of a "sleeper", there are quite a few "sleeper" high rise condo projects in Las Vegas, both on the Strip and elsewhere. The question is: do you have the vision necessary to reap the huge rewards in the future?

Remember the number one mantra of this blog: The strength of the condo developer determines the success of the high rise condo project. There's a Las Vegas high rise condo project right now that I consider to be a "Tony Romo" sleeper project. No one's ever talking about it, you never see any ads or promotions for it, and it's the furthest on everyone's radar. Folks, I feel the potential for this project is huge as the developer's track record is outstanding - and the project's definitely going to happen! Want to know which one it is?

If you're a serious high rise condo buyer looking for a Tony Romo deal, please respond with your name and phone number. You don't have to be a Dallas Cowboy fan to take advantage of this one!...

Las Vegas High Rise Condo Heaven: Turnberry Place Model Penthouse Available

Here's a great opportunity for those penthouse-type clients who never thought they'd see a Las Vegas Strip high rise condo bargain. This penthouse was recently listed for $2.8 million. A search of comparable listings shows prices in the $3.1 to $3.6 million dollar range. Translation: the owner would like a fast sale and that's great news for you. Not only that, but the owner would also consider a lease option, a corporate lease, percentage ownership, and would also offer seller financing if necessary.

This high rise condo exclusive penthouse unit has one of the best views of the city of Las Vegas. It's professionally decorated and finished out by Fine Decorators of Miami and was originally built as the premiere “G” model unit by the Developer. Only the highest quality materials from floor to ceiling were used.

So if you'd like a shot at a seriously undervalued piece of prime Las Vegas real estate, contact me immediately for more detailed information on this amazing opportunity.

Media Reporting isn't Exactly Reality When It Comes to Las Vegas High Rise Condos (or Anything Else)

Fear sells. All the media outlets know this. That's why the evening news and just about everything you read in the newspaper is often bad. Our economy is bad... the Las Vegas high rise condo market is bad... real estate is bad... etc.

What you have to do is open your eyes and see for yourself how bad things really are. Last week, the Review Journal ran a story about how 800,000 people were expected to pass through McCarren International just for the Thanksgiving holiday alone. Fear - don't even think about parking at the airport, there's too many people traveling! Said director of aviation Randall Walker: "We don't think our over 14,000 spaces will be enough to meet demand this holiday season"

Sounds to me like a lot of people are traveling. And who travels? - That's right, people with money. I guess the economy isn't as bad as CNN makes it out to be in real life. And I know this firsthand. There wasn't an empty seat on the plane on my trip to the Northeast on Monday. According to Southwest, there won't be an empty seat on my flight back to Vegas either. Wow... America's really hurting, huh?

Then comes today's story about how bargain hunters are ruling "Black Friday" with shoppers getting up at 4:00am to wait on line for the stores to open. Sounds like a lot of people have money to spend this holiday season. MSNBC News this morning reported that the majority of Americans feel they are worse off today financially than they were 6 years ago when Bush took office. My guess is this survey didn't happen in any of the thousands of crowded shopping malls you see in every area of the country.

My point is this: you need to take the news with a grain of salt and instead rely on what you see for yourself in your everyday life. You have no agenda - the media does. And sometimes that agenda attacks the real estate market as well. How many times do we read or hear stories about how "dead" Las Vegas real estate is? Yet big-time investment groups continue to pour money into the Strip and Downtown Las Vegas with high rise condo development projects. You read about how bad everything is, but when you drive down Las Vegas Boulevard, you'll see countless high rise condo hotels and mid rise developments all around you.

Who are you going to believe? Yourself, or some Katie Couric wannabee? Remember that post regarding the Light Group's Spa Lofts project and other similar developments? Turn off the TV, drop that newspaper, and get into a high rise condo right now!

Union Park Development is Enormous for Downtown Las Vegas High Rise Condo Growth and Potential

Yesterday's post regarding Andrew Sasson and the Light Group's Spa Lofts mid rise condo project in southwest Las Vegas touched upon amazing condo opportunities in the Las Vegas area. While interesting deals are surfacing around the entire valley, I'm most excited about what's happening in Downtown Las Vegas, specifically the Union Park project. Readers of this blog know full well how bullish we are regarding downtown Las Vegas revitalization and the true real estate bargains the everyday average investor can take advantage of in that area right now.

Still don't believe me? Have a look at this article in yesterday's Las Vegas Review Journal. What's the definition of insanity? Doing the same things over and over again and expecting different results. Well the folks over at Newland Communities are finally doing something different with the Union Park 61 acre downtown site - and it's working! Trust me when I tell you this: between what's happening with the potential of Union Park combined with the already proven success of the World Market Center, visionary investors are being presented with a downtown Las Vegas opportunity right now that I'm sure will make everyone who's smart enough to get in now, EXTREMELY happy (and profitable) in the very near future.

Can opportunity knock louder? Care to answer?

Spa Lofts Mid Rise Condos Look Good, But Better Las Vegas High Rise Possibilities Exist As Well

It's no secret that not every high rise or mid rise condo project in Las Vegas will be a winner. There are also a number of extremely interesting high rise condo projects in town as well. Take the Spa Lofts project for example. Spa Lofts is the brainchild of the Light Group's CEO Andrew Sasson, and when it comes to hotels and residences along with restaurants and nightclubs, no one does it better than the Light Group. It's a real interesting Las Vegas condo possibility, and I would urge you to investigate this project further.

However, what if I could show you a project that's not only a higher quality product than Spa Lofts, but also at a lower pricepoint? A product so in tune with the Spa Lofts vision, you'd almost swear it was the same type of developer.

Once again, through an extensive network of contacts and via my asoociation with the Las Vegas Wealth Group, I've been made privy to some extremely interesting (and confidential) opportunities. Besides the Harmon Hotel and Residences project at Project CityCenter, I've got 10 high rise condo units available for purchase that are nothing short of steals. First come, first serve on these so contact me ASAP for information. (I assure you these will go fast - even in today's Las Vegas high rise condo market). If you're the least bit interested in a fabulous Las Vegas high rise condo property, PLEASE don't let this opportunity pass you by.

Reach Out to a Child Who Needs Your Help

Let's try an experiment: I want you to sit back, close your eyes, and think of all the blessings you have in your life. Can you walk?... Can you see the sunrise?... Can you breathe without assistance?... Are your kids healthy?... I think what you'll find is that most of us who complain about the "problems" in our everyday lives really aren't problems at all when it comes right down to what matters and what's important. Unfortunately, it isn't like that for everyone.

6 months ago, Brooke Alexander was just like any other 3 year old girl. She liked to sing and dance, had a big imagination, and had every reason to look forward to all the joys life brings. However, Brooke has since been diagnosed with an inoperable stage 3 brain cancer and now really needs your help. On Thursday, December 6th, 2007, the Talbert Family Foundation is sponsoring a fundraising event for Brooke at the Queensridge Community Clubhouse. If you're not familiar with them, The Talbert Family Foundation is an organization dedicated to providing financial assistance to families with members suffering from catastrophic illnesses, primarily cancer - truly an altruistic organization.

A separate fund has been set up in Brooke's name as part of their "TFF Kids" program. The Talbert Family Foundation will donate 100% of the monies received to Brooke and her family to help with medical and day to day expenses brought on by her cancer, including the coverage of medical costs, travel to California to be treated by specialists, incidentals for her travels, and nursing care for her at home while her mother works to support the rest of her family.

The fundraiser coincides with Brooke's birthday, so please RSVP to attend her "Birthday Party". If there's anyway you can help either by donating to the fund itself or perhaps donating an item for that night's silent auction, please do. No donation is too small and anything helps. If you can't attend the party but would like to donate to the cause of saving this girl's young life, please contact Christine Wilson by email or by phone at 702-349-0065 for more information. In addition, you can find out more about Brooke's Birthday Party Fundraiser by visiting the Talbert Family website or Brooke's CaringBridge site.

Real estate agents are so often looked down upon by the overall masses. If just for one time, let's all bond together as a real estate community and help this girl out. I think we sometimes tend to take for granted the tremendous blessings our lives hold... This girl needs our help. Thank you so much for your kindness and generosity.

Investments into Strip Property Continue to Fuel Las Vegas High Rise Condo Future Growth

When in Las Vegas, you're pretty sure when you see "777" on a slot machine, you're in for a nice payoff. But in this case, Triple Five seems to be breaking the bank instead. It looks as if Triple Five Nevada Development Corp is ready to buy an 18 acre Las Vegas Boulevard site to include the 6-acre site of the former La Concha Motel for $32 million an acre. $32 million - that's a lot of slot machine winnings!

The plan? To build a high rise resort condo development, of course. Triple Five isn't even done yet - they're in accumlulation mode for as much Strip property they can get, including the 12 acres behind the Strip adjacent to the Las Concha site for probably about $14 million an acre. Do you think that's big money? For most of us, it certainly is, but surprisingly, industry experts say 555's getting a great deal - perhaps even a bargain. Especially for one of the last areas along the Strip for a megaresort development.

Today's news, coupled with the Elad Group in May paying $1.2 billion to buy the 35-acre New Frontier site, and MGM Mirage buying the vacant 25.8 parcel by the Sahara for $444 million, Las Vegas Strip real estate continues to skyrocket. Also on Triple Five's list is the acquisition of the land once proposed for the failed Las Vegas high rise condo project, the ICON. Wouldn't that be nice to have a happy ending to that story!

The fact that these properties are slated for development soon once again should prove to the everyday investor that despite all the news stories, Las Vegas is still growing and the prospects for real estate investment in Vegas continue to look attractive for the long term. Each successful project makes the neighboring properties more valuable, including YOUR high rise condo unit, should you decide to follow the big boys' lead.

Guess the Las Vegas High Rise Condo View: Part III

Our "Guess the View" segments always seem to generate a lot of email buzz, so for today's installment, check out this photo taken by Las Vegas high rise condo guru Aaron Auxier:

Anyone care to take a guess as to what high rise project this rooftop poolside view was taken at? And while making your guess, keep in mind that this view can still be yours as there are still some very interesting availablities at the high rise tower in question. Look outside YOUR window RIGHT NOW - which view would you rather have?