Las Vegas High Rises, Condos, and Lofts News

Las Vegas High Rise Foreclosure Deal

noreply@blogger.com (The Stark Team) — Tue, 27 May 2008 16:03:00 +0000

Looking for a foreclosure deal in a high rise condo building close to the Las Vegas Strip? CONTACT THE STARK TEAM TODAY! There is a 3150 sq. ft. 2 story loft in Metropolis listed at $ 748,500 that was originally purchased for $ 1,125,000. It features hardwood flooring on the main level & totally upgraded baths. Priced at under $250 per sq. ft. this is a solid value.

We can be reached on line at www.LasVegasCondoBargains.com or www.LasVegasCondoExperts.com.

CityCenter Las Vegas News FLASH>>>>ARIA is the Centerpiece Tower

noreply@blogger.com (The Stark Team) — Tue, 20 May 2008 21:12:00 +0000

With MGM/Mirage City Center is being built at what appears to be a record breaking pace - MGM/Mirage has named it's newest hotel - ARIA!

To READ THE ARIA NEWS RELEASE - CLICK HERE

Everytime I drive by the intersection of Las Vegas Blvd. and Harmon - I am amazed at the progress on the site of CITYCENTER. The steel structures are being clad in glass, as the frames of Vdara, Veer, the Harmon, the Mandarin and the new ARIA take shape, yet reinventing the VEGAS SKYLINE once again. With the COSMOPOLITAN being built across the street, the new Planet Hollywood Hotel & The Planet Westgate timeshare tower rising behind it, the Harmon corridor will be a new hub of entertainment and excitement.

Little wonder, there has been quite alot of activity in the sale of units at Panorama Towers - just a hop - skip - and a jump from the center of what promises to be an epicenter of the Vegas strip. We have small one bedroom luxury condos on the resale market at Panorama Towers for less than $350k and a few developer units at aggressive pricing. Looking to have your own Vegas getaway place at price points far below those at CITYCENTER but close enough to take advantage of all that CITYCENTER promises to offer?

Contact THE STARK TEAM TODAY!

Click to View all resales at Panorama Towers listed in the MLS

702-376-5220

The Cosmopolitan Las Vegas Strip Condos - Foreclosure News

noreply@blogger.com (The Stark Team) — Tue, 13 May 2008 22:31:00 +0000

As the Cosmopolitan Las Vegas continues to be built - right across from CityCenter by MGM, the questions keep coming in about the outcome of the project. Here is a link to the latest news from the Wall Stret Journal as of May 9th:

CLICK TO READ

For the latest high rise condo news and happenings VISIT OUR SITE and our Other BLOG.

Las Vegas Strip Area High Rise News - Welcome VIVA VEGAS!

noreply@blogger.com (The Stark Team) — Sun, 27 Apr 2008 04:15:00 +0000

New High Rise Condos & More to be built near Panorama Towers - An Urban Core to Rival MGM CityCenter!

Click to Read the Full Article

Looking for a great high rise condo deal in Panorama Towers? It may be the right time to snag a deal based on the new VIVA Vegas project by the Fertitta Family & CityCenter across the way. Location is key in any real estate investment & Panorama Towers will be in the epicenter of 21st century high rise luxury hotels & condos near the world famous strip!

We just represented a buyer in the purchase of a 1500+ sq. ft. condo at Panorama Towers at under $ 300 per square ft. that was not a short sale or foreclosure.

Put the expert negotiating skills of the STARK TEAM on your side if you are looking for the bargain in the Las Vegas SKY!

Contact the Stark Team

702 376-5220

www.LasVegasCondoExperts.com

Panorama Towers Condos in Las Vegas-Poised for Upside Appreciation Potential!

noreply@blogger.com (The Stark Team) — Thu, 24 Apr 2008 22:22:00 +0000

Please take a second to read the article that appeared in the Las Vegas Sun newspaper yesterday. This site is directly south of Panorama Towers and it should have a positive impact for Panorama Towers in the future.

Station Casinos banking on biggest being best
Plan for huge complex in play despite economy
By Liz Benston

Wed, Apr 23, 2008 (2 a.m.)

Station Casinos owners Lorenzo Fertitta, left, and brother Frank explain their vision Tuesday for Viva, which, at $10 billion, would become the most expensive casino complex ever built.

At a time when businesses across the country are cutting back in the face of economic turmoil, the brothers at the helm of Station Casinos are accelerating plans for an enormous Las Vegas resort larger than CityCenter.

Frank and Lorenzo Fertitta, who took their company private last year with help from private equity giant Colony Capital, said in an interview Tuesday that they are going forward with plans to redevelop the site of the Wild Wild West motel and casino on Tropicana Avenue and Interstate 15.

The Fertittas said they have a detailed plan for the first phase of their Viva resort that includes three casinos and at least three hotels with as many as 5,200 rooms. The entire project, built on 110 acres over many years, would cost more than $10 billion and be larger than MGM Mirage’s $8 billion CityCenter, now under way on the Strip and expected to open in 2009 on 66 acres between Monte Carlo and Bellagio. Ultimately, the Viva complex could have 10,000 rooms.

Station Casinos’ timing would seem amiss, given the weakening national and local economies. But the Fertittas have defied skeptics here and on Wall Street by buying or building a 14-casino empire in 13 years.

Because the company is no longer publicly traded, the Fertittas do not have to answer to jittery shareholders worried about declining demand or falling share prices. But they still have to line up lenders, which they have not yet done. They said they hope the capital market will rebound before they are ready to start construction, sometime in the next two years.

Originally conceived as a single casino hotel built on a few dozen acres, plans for Viva grew exponentially as Station quietly bought or obtained rights to develop the 110-acre site, currently home to squat, nondescript warehouses and retail stores.

“It started to build upon itself, like putting together pieces of a puzzle,” Lorenzo Fertitta said.

In its expanded form, Viva will establish the Fertittas as “Strip players” and cement their legacy as casino entrepreneurs beyond their success in the neighborhood casino business — a track record long admired by their counterparts on the Strip.

“In a lot of ways, it will change the face of the company,” Lorenzo Fertitta said.

The complex will cater to tourists while also trying to lure locals, as all Strip casinos do.

The goal will be to try to strike a balance in which both tourists and locals feel comfortable, Frank Fertitta said. Other properties have attempted the same balance, with varying degrees of success. When built, Viva will top Red Rock Resort as the most expensive off-strip casino complex in history. Some Wall Street analysts said Red Rock’s $1 billion price tag was too rich for a mostly neighborhood crowd of gamblers. But the Fertittas have been happy with their long-term investment in Red Rock.

Viva, likewise, is a long-term bet on Las Vegas that they believe will help the market grow, as have previous resorts.

Viva seems certain to draw criticism from skeptics who say Las Vegas is building beyond its market. The same was said at the announcement of CityCenter and later projects, including Boyd Gaming Corp.’s $5 billion Echelon complex.

But the Fertittas, who have seen business cycles come and go, say Las Vegas will ultimately withstand the test of time.

“It’s very hard to predict cycles in the short run and know what is going to happen in the next six months or the next year,” Frank Fertitta said. “Where we’ve always placed our bets is over a five- to 10-year time horizon. When you have a solid strategy and look at the supply-demand dynamics in the Las Vegas Valley, the fact is, the population is going to continue to grow over the next 10 years and there are limited places to build locals casinos,” he said. “Ours is really a strategic plan over the long run (rather) than trying to time the market in the short run.”

Station has arguably been one of the hardest hit by the economic downturn among Las Vegas gaming companies because of its disproportionate effect on housing — an industry that to some extent drives locals casino growth. Locals operators say business has been weak because customers, though still patronizing their neighborhood casinos, are spending less money.

But the Fertittas are looking a year to two years ahead. After Aliante Station opens in North Las Vegas this year, Station hopes to break ground on Durango Station, at Durango Drive and the Las Vegas Beltway, early next year.

The company ultimately plans to build on hundreds of undeveloped acres it owns across the Las Vegas Valley, following a similar, if not more aggressive, timetable than it has followed in the past, they said. Station’s vast landholdings give it a strong market position that will only improve as Las Vegas continues to grow, the Fertittas say.

If you have any questions, or if you are looking for a bargain priced condo in Panorama Towers or even a foreclosure deal at this tower, please contact: The Stark Team 702 376-5220

Visit us on the web at www.LasVegasCondoExperts.com

Sky Las Vegas Luxury High Rise Offers Amazing Strip Views!

noreply@blogger.com (The Stark Team) — Mon, 21 Apr 2008 05:25:00 +0000

SKY Las Vegas boasts a unique location because it is situated right on the Vegas strip. Towering 45 stories high, The Stark Team, and Ezra International Realty, is offering the best unit for premium views on the strip: SKY TOWER SUITE # 4008.

Please click to take the VIDEO TOUR of SKY # 4008

Visit http://www.lasvegascondoexperts.com for more info on this and other great luxury high rises on the strip.

Summerlin Home - $239,900 Priced Better than any Foreclosure!

noreply@blogger.com (The Stark Team) — Mon, 21 Apr 2008 04:11:00 +0000

Gorgeous Summerlin Home in Gated Desert Bloom

Location: Summerlin

Welcome to the beautiful community of Desert Bloom in the heart of Summerlin. Stunning & Immaculate 2 story easy-care home with 2 bedrooms, 2.5 bathrooms, and a loft! Squeaky Clean! Tiled Counters and Floors in the Kitchen. All Appliances. Outdoor Patio! Just steps from the community pool! Close to all shopping, easy access to I-215 - minutes from the Red Rock Ranch Hotel & Casino!

Information

Contact Information

June Stark

702 376-5220

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Pricing

Asking Price: $239,900.00

Flexibility: Negotiable

Additional Pricing Information: What an Amazing Bargain!Priced Better than a Foreclosure! Immaculate Home!Gated Community with Pool & LOW HOA Dues of $80 per month which includes mowing the front lawn!

Property Location

10537 Allthorn
Las Vegas, NV 89144
View Map

Links

Our Blog

Take the Virtual Tour

Visit Our Site

Features

Bedrooms: 2

Bathrooms: 2.5

Parking: 2

Subdivision: Desert Bloom

Garage Size: 2

School District: Clark

Square Footage: 1355

Agent Name: June Stark

Broker: Ezra International Realty

MLS #: 779596

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Microwave

Interior Amenities

Vaulted Ceilings

Exterior Amenities

Patio

Swimming Pool

Hot Tub

Grass Lawn

Photo Gallery

View as Slideshow View Photo Gallery (14 Photos)

EQUAL HOUSING OPPORTUNITY

VFLYER ID: 1428280

SKY Las Vegas Condos - Is the Bottom Near????

noreply@blogger.com (The Stark Team) — Mon, 31 Mar 2008 03:35:00 +0000

Yesterday - A one bedroom condo in SKY LAS VEGAS was reduced BELOW the Seller's original cost to $ 325k!!! The original cost was over $350k & for a 780 sq. ft. luxury high rise condo on the strip - this is a break through price. Previously priced at $ 375k, this 13th floor condo, complete with granite countertops and marble floors in the kitchen & bath, jetted tub & all the luxuries SKY LAS VEGAS LIVING on the Strip has to offer. Take a TOUR OF SKY & CONTACT THE STARK TEAM to take advantage of a really fabulous bargain basement price.

The Cosmopolitan Resort Foreclosure News

noreply@blogger.com (The Stark Team) — Sat, 22 Mar 2008 06:13:00 +0000

The photo above is a rendering of the model of a Cosmo condo. Ambitious? Yes! Will it get built? Check out this news flash from the WSJ:

"A team that includes New York developer Related Companies is making a bid to take over the unfinished and financially ailing Cosmopolitan Resort Casino on the Las Vegas Strip, according to people familiar with the matter.

Related, led by real-estate tycoon Stephen Ross, has teamed with Starwood Hotels and Resorts Worldwide Inc.'s W Hotel group and an unidentified casino operator to try to take over the $3.9 billion hotel-condominium and casino project. The project's lender, Deutsche Bank AG, started foreclosure proceedings this month against the developer, Ian Bruce Eichner, on a $760 million loan."

The Cosmopolitan Las Vegas Foreclosure - RECENT NEWS!

noreply@blogger.com (The Stark Team) — Wed, 19 Mar 2008 03:04:00 +0000

JUst when we thought it was over this news was released.

CLICK FOR COSMO FORECLOSURE INFO

Cosmopolitan Foreclosure News Update

noreply@blogger.com (The Stark Team) — Sun, 16 Mar 2008 02:37:00 +0000

Just when we thought the COSMOPOLITAN FORECLOSURE was settled - as was announced las month , the saga continues:

Read the Latest News on The COSMOPOLITAN LAS VEGAS FORECLOSURE as reported by the Wall Street journal

As we receive news, we will keep you posted. Looks like Duetsche Bank is running the show.

MGM SIGNATURE STEAL OF A DEAL in a One Bedroom CONDO!

noreply@blogger.com (The Stark Team) — Sat, 15 Mar 2008 06:23:00 +0000

MGM Grand Signature Las Vegas High Rise Condos has some GREAT Bargains

We have a 16th floor mountain view 1 bedroom unit that is priced better than the short sales in MGM Grand Signature that are beginning to appear on the market.

UNIT # 1614 ONE BEDROOM MGM CONDO FULLY FURNISHED HOTEL CONDO

REDUCED TO ONLY $ 590,000

Take the Virtual Tour!

This mountain view 1 bedroom suite at the Signature at MGM Grand has it all. Offered fully furnished & appointed, you can place this unit into an on site rental program when not in use. SELLING BELOW original COST!

BRING OFFERS!

CONTACT THE STARK TEAM

702 376-5220

www.LasVegasCondoExperts.com

Looking for a tremendous bargain in a one bedroom Las Vegas condo hotel at the Signature at MGM Grand? THIS IS IT!!!

Palms Place Luxury Condos-Vegas' New Celebrity Haven

noreply@blogger.com (The Stark Team) — Thu, 06 Mar 2008 09:22:00 +0000

Palms Place Las Vegas Hotel-Condos

Read the News on the Palms Place Condos in Las Vegas

The Palms Place Las Vegas Luxury Condos is the hippest new hotel-condo high rise tower to hit the Las Vegas luxury real estate market ever. Palms is the place that will be a celebrity playground for the Hollywood crowd. Cutting edge design, ultra modern, fully furnished, and offering an on site rental program, there are only a few units at the Palms Place in the MLS.

Palms Las Vegas Casino Resort owner George Maloof has added Palms Place as the third tower of his complex, which includes the original Palms Tower and the newer Fantasy Tower. Rumor has it that Eminem, KISS member Paul Stanley and Hulk Hogan will join Jessica Simpson and other celebrity buyers at the new Las Vegas Palms Place Luxury Condos.

FOR SALE by THE STARK TEAM

UNIT # 1522 - An absolutely amazing 1220 sq. ft. SE Corner 1 Bedroom Strip View Luxury Condominium with Balcony

$ 1,345,500

Fully furnished and appointed ith the finest materials:

300 thread count Egyptian cotton sheets & deluxe pillow top matresses, balconies, Brazilian Ebony hardwood and marble floors, floor to ceiling windows, plasma TV's, deluxe gourmet kitchen, fireplace, washer/dryer, queen sleeper sofa & guest bathroom.

How cool are these interiors? Our Palms Place Las Vegas Luxury Condo listing even has a fireplace!

Check back for the Palms Place Condos Virtual Tour.

Studios at the Palms Place Luxury Condos

The studios at Palms Place even offer some with full balconies and breathtaking views of The World Famous Las Vegas Strip, set a standard of modern sophistication beyond any other Las Vegas hotel-condos. The features are unique and luxurious:

600 square feet of living space

Hardwood and marble flooring

9-foot ceilings

State-of-the-art kitchen

Twin 42" plasma televisions

King-sized bed with additional queen sleeper sofa

Italian bedding by Mateo

The One Bedroom Suites at Palms Place Las Vegas Luxury Condos

1,200 square feet of living space

Hardwood and marble flooring

9-foot ceilings

State-of-the-art kitchen

Twin 42" plasma televisions

King-sized bed with additional queen sleeper sofa

Italian bedding by Mateo

Multiple balconies

Living room with fireplace

Laundry closet with washer and dryer

Two Bedroom Suites at the Palms Place Condos

1,800 square feet of living space

Hardwood and marble flooring

9-foot ceilings

Two separate state-of-the-art kitchens

Four 42" plasma televisions

Italian bedding by Mateo

Double door unit entry

Two full bathrooms

Multiple balconies

Living room with fireplace

Laundry closet with washer and dryer

Spa Amenities at the Palms Place Luxury Condos are imaginative and sumptuous:

The Drift Spa ( Love that name!)

Nourish your body and set your soul adrift inside this lavishly modern spa retreat. Drift Spa & Hammam boasts more than 20 treatment rooms across 30,000 square feet of blissful ambience. A comprehensive spa menu highlights ancient healing techniques and contemporary renewal treatments from ashiatsu, stone massage and custom aromatherapy, to bio--energetic medicine and green nutrition.

Traditional Turkish Co-ed Hammam

Couples Treatment Rooms with Private Gardens

Indoor Hot & Cool Soaking Pools

Steam Room & Sauna

Full-Service Changing Facilities

Private Outdoor Garden Lounges

Extensive Spa Treatment Menu

HAMMAM Turkish Bath at the Drift Spa at the Palms Condos

For an Old World diversion, explore the traditions of a Turkish bath at Las Vegas' first-ever Hammam. For centuries civilizations have harnessed the therapeutic powers of aromatics and steam in these ancient social centers to detoxify the body, calm the mind and cleanse the soul. At Palms Place the traditions of Turkey, Tunisia, Morocco and Spain have evolved in this innovative and sensual coed sanctuary.

Hammam, defined as "heat" and "wet" relative of the sauna

Has a long cultural history of serving ritual cleansing and social gathering

Full of curves, sexy lighting and cool mosaic-tiled booth benches and slabs, the Palms Place Hammam recipe is sizzling, healthy fun

More Info? Contact The Stark Team Today.

702 236-8364 - Lauren

702 232-5376 - Travis

702 376-5220 - June

Las Vegas High Rise News : The Pinnacle is History

noreply@blogger.com (The Stark Team) — Thu, 28 Feb 2008 06:56:00 +0000

Attention all Pinnacle Las Vegas High Rise Condo Buyers - We can locate MUCH BETTER high rise condo deals for you! With the announcement that the Pinnacle Las Vegas will no longer be a viable project, we felt this was a such a strong possibility from day 1 of the project's preconstruction announcement years ago - that we never even sold 1 unit there. Maybe it is because we have lived in Vegas so long & felt that the former Falconi's Honda car lot was not the right place for a luxury high rise project, Maybe it was because years ago we had been contacted by investors from the mid west who told us they were promised a doubling of their initial $50k investment & an easy assignment of their units by the developer to the second tier of investors, Maybe because everything tied to this project seemed a tad contrived.

Pinnacle investors: Consider yourselves lucky! There are so many smoking luxury condo deals out there in great high rise buildings with MUCH BETTER LOCATIONS such as SKY, Panorama Towers, Signature at MGM Grand, and Turnberry Place & Turnberry Towers that you can have such a wide selection at very aggressive prices.

View Our Virtual Tours

Contact The Stark team.

We know the Las Vegas High Rise Condo market inside out- Up & down the strip. We know where the deals are.

The Cosmopolitan Las Vegas Foreclosure Update: Hyatt Takes the Reigns!

noreply@blogger.com (The Stark Team) — Mon, 25 Feb 2008 02:34:00 +0000

It's Official! The Hyatt will be taking over the Cosmopolitan Resort and Casino project being built on the Las Vegas Strip. The takeover candidate was quite obvious, Hyatt was selected as the hotel operator during the pre-construction sales process. And they were one of the secnd mortgage holders as well. Looks like Bruce Eichner will not be calling the shots anymore, but the pre-construction investors in the condo-hotels at the COSMO can rest assured this project will be one of the most exciting on the strip!

For info on the Cosmopolitan Las Vegas high rises & others on & near the Vegas strip:

Contact the Stark Team at www.LasVegasCondoExperts.com

Trump Las Vegas Towers - Sneak Peak Photo Tour

noreply@blogger.com (The Stark Team) — Sat, 23 Feb 2008 08:22:00 +0000

Trump Las Vegas

Welcome Trump International Hotel & Towers

Click Here for a Grand Opening Trump Towers Sneak Peak Photo Tour

We, at the Stark Team, are excited to be the first Las Vegas high rise real estate agents to accompany our Trump Las Vegas clients, today, February 18th, on the walk thru inspection of their beautiful studio hotel-condo at TRUMP INTERNATIONAL HOTEL & TOWERS Las Vegas. We were impressed with the simple elegance of the materials used in the lobby & corridors, not to mention the sophisticated attentiveness of the hotel personnel who greeted us. Trump Towers Las Vegas was just given its Certificate of Occupancy from the City of Las Vegas which means that the condo owners can begin taking possession of their units. The lobby has chandeliers that are the same type used in Mar-A-Lago and the finest marble and woods and wallpaper in subtle gold and taupe tones. The hallway corridors are not double loaded, with doors on both sides of the hallways, but rather are single loaded for extra privacy.

I have a client who told me that you can never go wrong buying into a TRUMP Building, because over the long term - you will always do well and as I walked the lobby & saw every attention to detail that was given to the moldings and opaque doorway glass, his words echoed in my thoughts. Despite the lull that Las Vegas real estate is experiencing in the high rise condo sector, as of this writing, I expect that those TRUMP TOWERS LAS VEGAS owners who tuck these condos away in their real estate portfolios will have something quite valuable in years to come.

Contact the STARK TEAM - TRUMP TOWERS RESALE EXPERTS for the Best Values in TRUMP 702 376-5220

Visit LasVegasCondoBargains.com

Las Vegas Lofts are Becoming Popular with those who Enjoy an Urban Lifestyle

noreply@blogger.com (The Stark Team) — Sat, 16 Feb 2008 21:28:00 +0000

Las Vegas lofts are offering a new option to buyers who want to live in a unique environment close to the world famous Las Vegas strip. Loft 5 Lofts is offering some smoking deals on these incredibly upgraded loft-style condos. Check out the video by clicking on the arrow tiwce and CONTACT THE STARK TEAM & we will get you some terrific BUYER incentives!

Turnbery Place Las Vegas High Rise Towers - 2 BR Luxury Condo Deal

noreply@blogger.com (The Stark Team) — Sat, 16 Feb 2008 20:49:00 +0000

Turnberry Place's newest Tower 4 has some great luxury high rise condo deals, when you calculate what you get on a per square foot basis. Check out this video of one of our GORGEOUS and aggressively priced listings of a 2 bedroom 2050 square ft. 11th floor condominium - which pencils out to under $450 per. square ft. for a totally decked out unit, all finished in stunning marble flooring, etc. Please double click on the arrow & take the Video Tour.

Sellers - Contact the STARK TEAM for the best worldwide web exposure in the business. We know what it takes to get your property SOLD!

Las Vegas Economy to Rise with the Cranes!

noreply@blogger.com (The Stark Team) — Fri, 15 Feb 2008 06:00:00 +0000

There is an old joke that the State Bird of Nevada is the Crane. As you walk the strip these days, the cranes are in the air everywhere. BILLIONS of dollars are being poured into all the new high rise projects being built. CLICK HERE TO SEE WHY THE VEGAS ECONOMY IS POISED TO RISE WITH THE CRANES! If you are looking for a terrific deal on a luxury high rise condo near the Vegas strip, CONTACT THE STARK TEAM. We know where the luxury condo deals are in SKY LAS VEGAS, Panorama Towers, Turnberry Towers and the Signature at MGM Grand.

Turnberry Towers East Buyers-How Will they React When the West Tower Opens?

noreply@blogger.com (The Stark Team) — Mon, 11 Feb 2008 05:15:00 +0000

Turnberry Towers is one of the most elegant & stunning new high rises to grace the Las Vegas skyline. What I especially love about the East Tower (Tower 1) is its gorgeous views of the Las Vegas Country Club as well as the strip. I also like the fact that there is relatively little traffic on Karen Road, where the twin high rise towers are located, the proximity to the monorail, and the innovative flow thru floorplans with bi-directional balconies, and large site with tropical landscaping and every amenity possible including a high tech computerized valet & reservation system - sort of a concierge at your fingertips.

As of yesterday, Tower 1, the east Turnberry Tower, had 106 resale units on the market which exclude any remaining developer inventory. These luxury high rise condos were purchased at the peak of the market & for the buyer of 2008 - the price conscious Las Vegas condo predator(tm) - the price per square ft. is just not that attractive, despite the amazingly stunning lobby, innovative condo design. In today's market, price is key.

The West Tower, Turnberry Towers 2, will open as soon as next month at even higher prices per square ft. than Tower 1. We are now seeing MANY Turnberry Tower East units selling for as much as $100k under what the owners paid in the preconstruction stage. These owners had to put 30% down, interest free, during the preconstruction stage, then incur closing costs & mortgage payments? From an investment viewpoint, the preconstruction purchase of units in Turnberry Towers was a really poor one, despite how gorgeous these condos were. (We did not place even ONE of our clients in these towers during the preconstruction stage- little wonder we have such a loyal clientele base!). We always believe that the best way to make an good real estate investment into real estate is to make money on the way in, which always makes exiting easier. How soon will it be until we see even more huge price drops in Turnberry Towers East?

Tha Stark Team tracks the bargains and deals in each Las Vegas high rise tower. We know which owners have purchased multiple units that are vacant & which owners are becoming increasingly aggressive on their pricing. CONTACT US and ask for the high rise condo steals and deals in TURNBERRY TOWERS, they are out there. With only 4 resale units having closed in the open market - these prices have to keep on coming down. Just do the math on the absorption rate.

Interested in buying one of these amazing Turnberry Tower high rise units for a long term hold in your real estate portfolio? Register with us

Las Vegas Lofts are Raising the Bar in Design with Loft 5

noreply@blogger.com (The Stark Team) — Fri, 08 Feb 2008 05:25:00 +0000

The Lofts at LOFT 5 just off the Las Vegas South strip have taken shape and are one of Las Vegas' best kept secrets. These fabulous units have all the options included as standard & are just so spacious & unique & a TREMENDOUS buy in this market where the buyers are looking for bargain prices and TRUE VALUE. Unlike other projects where there are so many rental units on the market, we have just 2 available lofts for rent at LOFTS 5. Average rental prices for unfurnished lofts are about $ 1.20 psf. If you are looking for a really great Vegas pad, with amenities galore, gym, pools, steam rooms, you must have a look at these. Priced from the $400k's with incentives available. Contact us for the deals!

Las Vegas South Strip Loft - $499,900

noreply@blogger.com (The Stark Team) — Mon, 04 Feb 2008 05:42:00 +0000

Looking for a really cool loft close to the Las Vegas strip that is below market priced? Please double cliok on the arrow to view the Video of this Brand New 2 Bedroom Loft on the South Strip!

For the latest inventory in new & resale high rises on & near the Las Vegas Strip Visit www.LasVegasCondoExperts.com and for luxury condo deals and bargains Visit www.LasVegasCondoBargains.com

SKY Las Vegas Corner High Rise Condo-& 879,900

noreply@blogger.com (The Stark Team) — Mon, 04 Feb 2008 05:32:00 +0000

Please double-click on the arrow to take the Video Tour of SKY # 2208.

The Seller is motivated & has the condo priced well for the premier stack in the tower!

For the latest inventory in new & resale high rises on & near the Las Vegas Strip Visit www.LasVegasCondoExperts.com and for luxury condo deals and bargains Visit www.LasVegasCondoBargains.com

The Fed Rate Cut & its Affect on the Las Vegas High Rise market

noreply@blogger.com (The Stark Team) — Thu, 31 Jan 2008 15:45:00 +0000

The panic that the Federal Reserve showed today regarding the meltdown of the derivative markets was evident as they dramatically lowered rates again after they lowered rates last week by an unprecedented 75 basis points. Helicopter Ben Bernanke is at it again. He is disregarding inflation with current monetary growth of over 15% per annum, throwing additional money at a credit crunch crisis that needs time, at least several years, in our opinion, to play itself out and heal itself correctly. The Fed is placating Wall Street where both the Federal Reserve and Wall Street are co-conspirators of the mess we find ourselves in today. No inflation? Anybody pay their insurance premiums lately, pay for college tuition, go to a restaurant lately, pay for medical care - have you've seen lower prices? Anybody go shopping for food or gasoline lately? Oh, I forgot - those 2 items are not included in the inflation numbers the Federal government spews out each month.

What the Fed has done is devalue the dollar again, and in their statement today, they said there were further risks to the downside, which means that more interest rate cuts are probably on the way. Every American's wealth is at stake here, right now. We are at a critical moment in our nation's financial well-being, in our individual personal wealth and the destruction of it. There was a reason why Ben Bernanke was chosen to replace Bubble Alan Greenspan as Fed Chairman. He wrote in an article that he would fly in a helicopter and drop money to solve financial problems - that's where he got his nickname.

The Bush Administration knew they had a major financial problem because of the huge deficits they were accumulating to fight the War on Terror, so they chose Helicopter Ben to replace Bubble Alan Greenspan. Helicopter Ben was not a current member of the Federal Reserve when he was chosen, but was in the academic field - you know - those guys who sit in universities and write papers all day long about how they're going to save the world. Well - Helicopter Ben is dropping money all right and our wealth is being destroyed just to keep Wall Street in the business of selling worthless subprime paper and other worthless junk paper such as CDO's, SIV's, and other exotic derivative paper which by the way add up to an astonishing and amazing $500 trillion dollars. You heard it right - $500 trillion dollars with a capital T. What was the market action on Wall Street's today regarding the Fed's panic? The Dow Jones average rose by about 160-170 points on the news and then dropped like a leaf to close down around 40 points.

The Federal Reserve, having gone from one bubble to another these past 8 years and losing ground rapidly to the real estate bubble has only 1 card left to play. It's to protect the stock market and Wall Street at all costs. Forget about inflation, forget about Main Street people who require a decent interest yield on their savings to get by. It's full steam ahead. We need to save Wall Street - the folks who got us into this worldwide credit debacle we now face. How ironic it seems that the Secretary of the Treasury, by the way, the third Treasury Secretary of the current White House administration, is the former Chairman of Goldman Sachs. Wasn't it curious to anyone why Goldman Sachs didn't lose much money on the sub-prime mess that all other Wall Street firms and banks from around the world lost multiple billions of dollars and continue to do so? UBS, the largest Swiss banker, just wrote off a measly $12 billion in sub-prime junk paper today. As Goldman was selling this worthless junk sub-prime paper, CDO's (collateralized debt obligations), and SIV's (structured investment vehicles) - don't you just love those names Wall Street makes up for this paper, to other financial institutions around the world, they were shorting the paper they were selling. That is, Goldman was betting that the sub-prime paper, CDO's and SIV's would go down in value and they would handsomely profit from it, which they did to the tune of billions of dollars. Anyone think they have a hotline into the Treasury Department where the current Secretary is the former Goldman Sachs Chairman?

Anyone think the game is fair out there? If anyone was watching the commentary today on Bloomberg News regarding the Fed's decision, there was discussion regarding the fact that interest rates are now below the rate of inflation. Well, that's inflationary, my friends. And there was talk that we may stave off formal recession this year, due to lower interest rates and the $150 billion stimulus package, which by the way will put us further into debt. It is our opinion that the stimulus package is like taking aspirin to cure pneumonia. It is a bogus one-shot deal that will help for 1-2 months and won't cure anything. Formal recession is when we have 2 quarters in a row of declining production or growth, but we all know the housing, banking, mortgage, automobile, retail, and other industries are already in recession (beyond the 2 quarters of negative growth for these industries) - it's just a formality when we get the "real" negative growth figures from the "always truthful federal government ".

The scary part of the Bloomberg discussion was that the analysts see a bad recession hitting us in 2009. And that in order to stave this off, they feel that the Federal Reserve may have to go back to 1% interest rates and some were saying that we may even see 0% interest rates.

So how does all of the above affect the Las Vegas High Rise Market and real estate in general? The Stark Team feels very strongly that the economic forces being thrust upon us now will have far-reaching ramifications for property owners. The Stark Team is now advising those who want to sell their Las Vegas High Rise real estate to be extremely realistic about the price you will receive when you attempt to sell your unit. Sellers will not get 2007-2008 prices for their high rises. Expect 2004-2005 prices. If you're a seller, you need to be very aggressive about pricing your unit correctly in order to get any bids, and if you don't want to accept this fact, then you will have to sit tight on your high rise for a number of years, service the debt, or rent out your unit.

The Stark Team, the leading High Rise real estate agents in Las Vegas has lived in here for over 35 years and has over 30 combined years of selling and investing in the Las Vegas real estate market. We are recognized by the Who's Who oin Luxury Real Estate in the United States. We have experienced the down cycles and boy are we in one right now.

As a seller or buyer of real estate, you need to have someone represent you who has gone through these cycles, who understands the nature of the current market, who understands the forces that you face when attempting to sell your Las Vegas High Rise. When choosing a broker/realtor - ask them one simple question - how long have you been a realtor and when did you get your license?

We have many units available for sale that we consider bargains in our inventory. You must be a Condo Predator (tm) today to take advantage of the bargains to be had in the Las Vegas High Rise market. The Stark Team can help you find your dream high rise, but only at the right bargain price. Let us work for you and show you the deals. The Stark Team is known as the DealMakers(tm).

Sellers need to know the stats and facts about their particular high rise building, that is, the number of units available for sale, the number of units sold, the prices that the units are sellling for, the rents you are likely to get for your high rise unit, and the forces you face in selling you unit. The Stark Team will tell you the truth. You may not want to hear it, it may not be pretty, but then again we won't beat around the bush to earn your business. The Stark Team is here to help you.

Folks, we are in very different times. We have an election coming up. The Federal Reserve is out of control. Wall Street institutions and foreign banks are reeling from this massive credit crunch we're in. The Federal Reserve has now devalued our dollar further and has now hit our pocketbooks by lowering the yields we earn on our saved money. The Stark Team is here to help both the buyers and sellers of Las Vegas High Rises. We will be forthright with you. Just straight talk.

Please visit us at LasVegasCondoBargains.com or LasVegasCondoExperts.com as we always update our inventory of Las Vegas High Rise bargain units.

Top Places to Buy Real Estate in 2008! Las Vegas is on the list!

noreply@blogger.com (The Stark Team) — Thu, 31 Jan 2008 01:17:00 +0000

Las Vegas is one of the hot spots in the U.S. both literally & figuratively for population growth. And the people have to live somewhere! Finally a reporter form Entrepreneur Magazine identifies Vegas as a good place to buy & a safe bet if you know how to sift thru the Las Vegas condo, high rises, and Single family homes for sale and in myriad of Las Vegas bank owned foreclosures. Contact us for the deals. We know where they are. Read on:

Whether you're looking for an investment property or a place to live, here's a look at the cities you should seek out and avoid in 2008.

The housing crunch and the excessive inventory -- exceeding 10 months on resale homes -- continues to take its toll on housing prices. But over the long term, housing is still a good investment. In fact, it's more than an investment; it's a home. Plus, you're not really saving anything by renting, as the costs of renting and owning are about equal (well, owning may be a little more). The tax benefits of home ownership far outweigh renting, too. With good housing prices in many great areas, this may indeed be the time to buy.

So now that I've convinced you this is a good time to buy a home, the next question is, Where do you buy one? No matter where you look, you should check out some basic economic fundamentals before buying. Is job growth stable in the area? Is income keeping up with inflation? Is crime above the national average? Is there a higher-than-average rate of foreclosures? These issues and others play a factor when deciding where to buy a house.

As a real estate investor and analyst, it's my job to provide buyers with qualified information on where to buy -- and where to stay away from. Here are my thoughts for 2008 based on the indicators noted above.

The Top Places to Buy

Whether you're an investor like me or you're looking to purchase that next move up, here are my picks for the best areas to buy a home:

Killeen, Round Rock, Austin, Texas: Killeen has the lowest average home price in any market in the nation while still maintaining quality. Round Rock and Austin have seen incredible job growth and very stable home prices despite the downturn nationwide. Jobs continue to grow here -- a factor for keeping inventory low and prices stable.

Mission Viejo, California: Mission Viejo has the lowest crime statistics in the nation. With no murders in 2007 and a low rate of violent crime, this is a good place to raise a family. Prices are relatively stable, and the job market in the nearby cities of Irvine and San Diego means there is consistent demand from job seekers.

Palm Beach, Florida: I'm taking a risk here because this area has been pummeled by foreclosures in 2007. But there are also a lot of boomers retiring, and Palm Beach is looking mighty attractive. If you don't like this high of a risk (which translates to great prices), check out Tampa or Clearwater in the same state.

Las Vegas, Nevada:

Yes, Las Vegas has been hit hard by incoming investors, who watched their home values disappear and then left those homes empty. Las Vegas comes in quite high on the national foreclosure list, almost always within the top three metro areas. But there's an upside -- a very strong job market. In 2007, Las Vegas experienced a 12 percent increase in population, partly driven by retirees looking for Sunbelt states to move to. Coupled with low prices, we could see inventories reduced here, which would also stabilize prices. Be careful what you buy, but I like it.
Danielle Babb is an experienced real estate investor and specialist on the use of technology and real estate.

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