Archive for March, 2006

March is CRAZY in Las Vegas!!

Thursday, March 30th, 2006

Las Vegas Rocks!What do you get when you mix 65 college basketball teams, St. Patrick’s Day, thousands of bachelor/bachelorette parties, NASCAR, spring break and blackjack? Answer? A truly incredible month of partying, clubbing and gambling…..Las Vegas style! In 2005, the busiest month of the entire year on the Las Vegas Strip was March! I’m betting that we do it again this year. There is simply no place on the planet to experience March Madness Hoops like a Vegas casino sports book. The Nextel Cup Series was a huge success again this year. Hotel occupancy rates are running at a ridiculous 98-99% for the rest of the month. It seems as if there are as many limos on the strip as cabs! The nightclubs are packed and the gaming revenue projections are just off the charts. This kind of frenzied activity reverberates throughout the valley. Local restaurants are doing very well and the malls seem to be more crowded than ever. The Sterling Team at Red Rock Canyon Realty is busy showing property on a regular basis and the market for Las Vegas homes is holding steady. Only one problem, it’s cold by Vegas standards…and we even had a dusting of snow this month!

McCarran International Airport: A Reflection of the Strength of Our Economy!

Monday, March 20th, 2006

Now we’re fifth! McCarran International is the fifth busiest airport in the entire country! 2005 was an amazing year for both passenger traffic and the Las Vegas economy. Our total count came in at 44,280,190 passengers which gave us the number five spot! Atlanta was first, Chicago second, Los Angeles third and Dallas/Fort Worth was fourth. Just think for a minute about some of the big names that we beat! How about Denver International, Sky Harbor in Phoenix, San Francisco International and Kennedy Airport in New York! The Las Vegas economy performed tremendously in 2005 as well. No surprise there! We’re a city that depends on visitors, and when your airport is rolling strong, the local economy rolls right along with it. The market for Las Vegas homes is a direct reflection of these robust economic conditions. There’s plenty of money being spent in Las Vegas and plenty of money being made! Las Vegas real estate continues to benefit from this amazing transfer of dollars that floods into our valley every day. Las Vegas, Nevada is well on it’s way to becoming the next major American metropolis…bet on it!

Affordable Housing in Las Vegas: A Problem that Deserves Attention

Sunday, March 19th, 2006

On April 6th a conference will be held at Green Valley Ranch that will address one of the most pressing subjects facing the future of Southern Nevada, affordable Las Vegas homes for average working people. This critically important event is being sponsored by the Nevada State Education Association; City of North Las Vegas; Southern Nevada Homebuilders Association; Focus Property Group; American Nevada Corporation; the Nevada Community Foundation; and the Nevada chapter of the Association of Community Organizations for Reform Now, or ACORN. The initial goal is to devise at least 3 different strategies for meeting the affordable housing challenge. The Sterling Team at Red Rock Canyon Realty supports the work and the goals of this community-wide effort. If your organization or business has a stake in the residential future of this valley, we urge you to get involved.

Streamline Tower: Ready to Make it's Mark on Downtown Las Vegas!

Sunday, March 19th, 2006

At 267 feet and 21 stories, Streamline Tower is set to change forever the way downtown Las Vegas looks and feels. Located directly on Las Vegas Boulevard at Ogden Avenue, Las Vegas kuxury homes at Streamline Tower are right in the middle of the action in the downtown corridor. In addition to providing 275 Las Vegas luxury high-rise homes, Streamline Tower will feature over 12,000 feet of retail space at ground level. I’m thinking that the odds of a new Starbucks are pretty high! Speaking of high, at the rooftop level, Streamline Tower residents will enjoy a beautiful pool and relaxation terrace for taking in the view. The nightly light and music show on Fremont Street should really be something to see from up there! Prices start at 400k and 100 of the 275 units are already locked up! Contact MS Las Vegas Real Estate for more information at 888-349-2595.

Las Vegas Luxury Lofts: Here Comes Newport!

Sunday, March 12th, 2006

Newport Lofts is well on the way to becoming residential reality! There has been no shortage of national press about the luxury high-rise market in Las Vegas and some very high-profile developments have been cancelled of late. But not Newport! Slated for completion in mid 2007, Newport Lofts will soar 23 stories in the air and provide 168 Las Vegas luxury homes. Prices begin at just above 300k and run well over a million as you get to the top of the building. The exterior is blue-tinted glass (think ocean) and the architecture is California all the way. If you’re a local, make a drive-by at Casino Center and Hoover Avenue. You won’t believe that they’re up almost 12 stories already! There is a huge amount of development money being wagered that Downtown Las Vegas is about to become the new focal point for business/retail/residential urbanization in Southern Nevada. Pretty exciting stuff!

Some of the Hippest Las Vegas Real Estate Money Can Buy!

Sunday, March 12th, 2006

The MS Las Vegas Real Estate Blog has been a big fan of the Hard Rock for years! As if you haven’t already heard, the Hard Rock Hotel and Casino in Las Vegas is for sale! Peter Morton is finally ready to cash in his chips. He’s a super cool guy, but at 60 years old, how much longer can he do this? What would you think that Las Vegas Real Estate of this caliber would go for? If you’re not talking $750 million, you’re not in the conversation. Word around the neighborhood indicates that plenty of players are absolutely in the conversation. I’m betting on The Rank Group, the same guys that bought all his HR Cafe’s west of the Mississippi a number of years ago for over $400 million. They certainly understand the brand, but then again, baccarat ain’t burgers, so we’ll see.