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Wednesday, December 17, 2008

Good News and Bad News Regarding the Fontainebleau Las Vegas High Rise Condo Hotel Project

Here's the good news regarding the Fontainebleau high rise condo project: their preview center opened last week and officials for the $2.9 billion mixed-use development say their 3,815-room project is on schedule and will be ready to open in less than a year. That's pretty good news, if you can believe it.

Here's the problem: according to an article published today in the Las Vegas Review Journal, the project officials have not made themselves available for interviews and are issuing these rosy statements via company spokespeople. That's not good. Something's up with that, I think - and that's the bad news.

After all the "branding" and the "incredible media exposure" this project is receiving, why won't Fountainbleau CEO Howard Karawan or any other high level company execs make themselves available for the tough questions that surely need to be asked regarding the feasibility of this project.

What's really interesting is that in the very same edition of the Review Journal, there's a story about how construction has stopped on Alex Edelstein's Manhattan West mixed use mid rise condo project. If you follow the Las Vegas condo market, you'll know Mr. Edelstein has made countless statements similar to the one issued by the Fountainbleau insuring people his project will be completed on schedule - but at least he did it in person.

I like the idea and the vision for Fountainbleau, especially it being designated a "Green" building, and I'm keeping my fingers crossed for more good news about this project. But from what I've seen and heard lately, I have a feeling they'll be issuing more press releases - and not in a good way.

Monday, December 08, 2008

This From our Friends at CityCenter: Vdara High Rise Condo Featured Residence

There's a studio unit with approximately 533 square feet on the 36th floor at the Vdara high rise condo at MGM's Project CityCenter which you can get for $676,000.

Got the extra money lying around doing nothing? Want to buy into a very prestigious property? Great! - Vdara at CityCenter is still top-notch long term as far as Las Vegas high rise condos go.

... But don't do it for cash flow... Don't do it for appreciation... Do it because you feel you deserve it and it won't hurt you financially. Here's the offer flyer we received on this deal

Then contact us and we'll help you make the deal.

Real Estate Agents and Mortgage Brokers: A Bad Economy Doesn't Mean You Can't Make Money Today

Readers of this blog by now know that I've been working with a private financial firm that's providing some significant recession proof type investments to their clientele. What's great about this group is that while everyone's complaining about a down economy and a lack of movement with good real estate sales and mortgage opportunities, their clients (and now mine) aren't feeling ANY kind of recessionary pinch. Why? Because of the unique investment deals they bring to the forefront.

So how does this benefit you, the mortgage broker or real estate agent that's seen their steady supply of real estate buyers and sellers dry up (especially with the Las Vegas high rise condo market)? Here's how: the company has just established an affiliate program which now allows YOU the opportunity of providing the alternative products and services they offer to your clients as well.

Trust me when I tell you this is an incredible opportunity to stay in front of your clients and suggest investment opportunities for them that'll make you look great (while you wait for the real estate market to rebound). I know - I've been showing would-be Las Vegas high rise condo purchasers who are afraid to enter this market right now some extremely attractive cash flowing (and recession-proof) investments that yield double-digit returns with a very low degree of risk in today's market. That's right - TODAY!

If you're a mortgage broker or real estate agent that deals with a high end client (such as luxury property) and are NOT making the kind of money you want to, please contact me to explore the opportunity of applying for this affiliate program.

This is NOT MLM or any other "home based" business nonsense and there is no cost whatsoeveer to get involved. This is an extremely credible way to show your high-end accredited investor clients that you stay abreast of all financial developments and are constantly looking out for their interests, no matter how poorly the traditional marketplace performs.

What's a 10 minute phone call compared to having to sit around frustrated that you're not making money because Las Vegas real estate's not moving? I'm awaiting your email (name and phone number please) or call me at 702-688-6454...