Archive for March 2nd, 2005

More Predictions From the Experts

Wednesday, March 2nd, 2005

Home values in Las Vegas will appreciate by 8% in 2005 and home building permits will drop to about 30,000 said Dennis Smith, president of Home Builders Research. He made these projections Tuesday at Las Vegas Housing Outlook 2005, which drew a sellout crowd of 2,000 to the MGM Grand Garden Arena. Recorded sales of new homes totaled 29,472 in 2004, compared with 25,230 the previous year, and are expected to reach 34,000 this year, including condominium conversions, Smith said. Las Vegas real estate is definetly not suffering from a shortage of media attention.

Great Las Vegas Architecture- Not Just Casinos Anymore!

Wednesday, March 2nd, 2005

Renowned architect Frank Gehry has been commissioned to design a building in Las Vegas! The Pritzker-Prize winning architect has a number of famous projects to his name including the Guggenheim Museum in Spain and the Walt Disney Concert Hall in Los Angeles. Now Frank Gehry has been commissioned to design a building in Las Vegas. Considered one of the world’s leading architects, Gehry will design the Alzheimer’s disease research center in the downtown Union Park development. Mayor Oscar Goodman will formally make the announcement at today’s City Council meeting. Las Vegas is a real city, we just can’t say it enough. Las Vegas real estate benefits more every day from this powerful trend.