Archive for March 12th, 2006

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.