Archive for February, 2005

Southern Nevada Continues to Lead the Way!

Friday, February 25th, 2005

A new report from the State of Nevada demographer’s office shows Clark County continues to drive the population explosion that’s making Nevada the fastest growing state in the nation. As of July 2004, more than 1.7 million people had become residents of Clark County, up from 1.6 million in 2003. The Clark County growth rate of 5.8% exceeds the state average of 5% for the same time period. Also noteworthy is the fact that approximately 35% of the people that arrived in Nevada came from California. This is more good news for the Greater Las Vegas real estate market. Clark County continues to drive the population explosion that’s making Nevada the fastest growing state in the nation. Greater Las Vegas is smack in the middle of Clark County. MS Las Vegas Real Estate is in the right place at the right time with the experience you need to become part of this massive demographic shift.

Real Estate Boom: The Dark Side of the Force

Thursday, February 24th, 2005

The boom in real estate has been accompanied by a boom in mortgage fraud and other real estate related schemes, the Internal Revenue Service said yesterday. The number of real estate fraud investigations initiated by the IRS doubled between fiscal 2001 and fiscal 2003. The IRS also says that the average prison term handed down by federal judges in cases that ended in conviction nearly doubled as well. One of the most common schemes to attract IRS criminal investigators is property flipping that involves false statements to lenders. Also on the rise, fraudulently created qualifications to obtain a mortgage via false credit reports or employment histories. MS Las Vegas Real Estate urges you to use caution, especially if you are involved in the FSBO process. Know who you’re dealing with and check credentials. Our reputation for ethical conduct is beyond reproach. At MS Las Vegas Real Estate, it’s our most valuable asset.

Stars Live 365!

Thursday, February 24th, 2005

Stars Live 365 is a brand new venture on the Las Vegas Strip that literally puts you in touch with famous people! For anyone who’s been on the Las Vegas Strip, it’s hard to miss the giant Coca-Cola bottle at the Showcase Mall in front of the MGM. Stars Live 365 has set up a booth right next to Coca-Cola that faces the strip and some of the heaviest pedestrian traffic in the world. Who sits in the booth? Famous athletes and other celebrities that charge a fee for a personal greeting, autograph, pictures and memorabilia. This week Pete Rose was on hand to greet his fans. Past participants include Steve Garvey and Kenny Stabler. Plans are in the works to include the cast from Dallas as well as the Brady Bunch. MS Las Vegas Real Estate would like to suggest a purchase at the Residences at MGM Grand. That way, you’ll be a short walk from your next autograph!

State Senate and Assembly Honor Las Vegas at 100!

Wednesday, February 23rd, 2005

The State of Nevada officially saluted Las Vegas yesterday by passing a resolution in honor of our 100th birthday. The city’s 100th anniversary (May 15) commemorates the land auction in which the San Pedro, Los Angeles and Salt Lake Railroad sold lots for the 110-acre Las Vegas townsite. The railroad, owned by Sen. William A. Clark of Montana, had just completed a line between Los Angeles and Salt Lake City. Las Vegas is Spanish for “the meadows” and the first settlers laid down roots in the early 1800’s. MS Las Vegas Real Estate wishes Las Vegas a happy 100th!

The Greek Isles Deal: An Update

Wednesday, February 23rd, 2005

The owners of the Greek Isles broke off all dealings with a New York real estate group that wanted to buy the off-Strip property weeks ago and his company will continue to operate the hotel-casino, a company executive said Tuesday.

Two More Developments in the High-Rise Market!

Tuesday, February 22nd, 2005

The Greek Isles Hotel on Convention Center drive (right next to the Marriot) is yet another building in the immediate strip area that is sitting on land that’s just too valuable for the building itself. Moshe Mor, president of M&M Real Estate Development of Queens, N.Y., said Monday his investment group will pay $52 million for the Greek Isles, which Chicago-based Mark IV Realty owns. Mor said he hopes to close the transaction in April. What are the plans? To demolish the current 206-room hotel (of course) and build a 600-room luxury condo project (yes, another one) on the main portion of the site. Las Vegas High-Rise Condos….there’s no end to the projects because there is still no end to the demand. The product demands global attention and the market for High Rise Las Vegas real estate reflects this more every day. The Showcase Mall (right on the strip in front of MGM) is about to get in the game as well. San Francisco-based City Center Retail and partner Angelo Gordon & Company bought the Showcase Mall two weeks ago as well as an adjacent 3/4 acre parcel where Denny’s now sits (next to the Walgreens). Mark Stefan, a City Center Retail principal, said Monday that the new owners will add up to 80 luxury condominium units on the parcel where Denny’s restaurant now sits just a few feet north of the Showcase mall. “It’s one of the few residential projects that is right on the Strip,” Stefan said. “A lot of the other (announced condominium) towers are set back, but this is (ideal) for somebody who wants to be right in the center of things.” MS Las Vegas Real Estate is fully prepared to present the entire range of options in the market for Las Vegas High Rise Condos. Give us a call at 888-349-2595.

MacDonald Highlands Homes: Luxury Golf Community Living

Tuesday, February 22nd, 2005

The luxury golf lifestyle available at MacDonald Highlands has drawn buyers to this stunning guard-gated community in Henderson. Nestled in the hillsides with elevations reaching 2,700 feet, the community showcases custom homes, a private golf course and country club. Views of the city, mountains and golf course can be seen from many of the luxury homes. Sites are now available within four custom-home neighborhoods, each with distinct topography and views. Buyers can choose from sites with flat golf frontage, multilevel pads or hillside elevations. Home sites include a golf membership to DragonRidge Country Club. MS Las Vegas Real Estate urges you to consider some of the most incredible luxury estates with the most beautiful views in all of Las Vegas.

Mountain's Edge Continues to Move Forward

Tuesday, February 22nd, 2005

While the number of new-home reservations continues to expand at Mountain’s Edge, so does infrastructure work at the 3,000-acre master-planned community in the southwestern valley. Company officials said that when the first residents move in, they will see that flood-control measures have been taken, numerous roadways have been paved, and common areas have been landscaped with mature trees and plants. Additional infrastructure has either been completed or is near completion, including a power substation that will serve the community of more than 12,000 homes. Custom streetlights have already been installed. Mountain’s Edge is planned to include a fire station, four elementary schools, two middle schools, one high school, shopping centers, restaurants and office space. MS Las Vegas Real Estate would be happy to introduce you to this exciting new master-planned community.

KB Homes at Aliante

Tuesday, February 22nd, 2005

KB Home continues to experience strong sales at its San Destin neighborhood, located within the Aliante master-planned community in North Las Vegas. Priced from the low $300,000s, the neighborhood features three collections of homes that range from 1,231 to 3,803 square feet. Only a few homes remain in the Ravello and Palazzo series. Select homes can be ready for move-in within as little as 30 days. The builder’s newest collection in the neighborhood, Arroyo, features two-story homes ranging from 2,927 to 3,803 square feet and priced from the low $400,000s. Several available home sites overlook the community’s arroyo. Contact MS Las Vegas Real Estate at 888-349-2595 for more information about Aliante and many other Las Vegas master-planned communities.

Tiger Heads for Jackson Hole!

Monday, February 21st, 2005

Tiger Woods purchased a parcel of land at 3 Creek Ranch, a golf-club development under construction in Jackson Hole, Wyoming. Tiger turned pro in 1996 and has earned 45 million dollars on the tour alone, so I think he’s able to afford it no problem. Of course, it’s an estate-home lot and rumors peg the parcel at between three and five acres. It’s a pretty nice neighborhood (when it’s not snowing) and neighbors include Harrison Ford, George Soros and Vice President Dick Cheney. These guys are better known as card carrying members of the Wyoming 3H Club…..as in Hollywood, Hedge Funds and Haliburton (just kidding). In any event, 3 Creek Ranch will become the area’s first private golf club when it opens this summer (which is probably about 4 weeks long). Plenty of parcels left! Don’t miss out on golf community living….Wyoming style. Yes, there’s a good reason it took this long to build a course up there. No worries, Tiger has a mansion on another course already…..in Windermere, Florida. Give us a call at MS Las Vegas Real Estate and we’ll put you in touch with a top-notch Wyoming realtor!