Can you stand it? Doom and gloom, doom and gloom! You can’t turn on the TV or pick up a magazine without getting hit with another “sky is falling” residential real estate story. MS Las Vegas Real Estate would like to talk for a minute about the future of the job market in Las Vegas and the pace of development on the Las Vegas Strip. Between now and 2012, the Las Vegas Strip is adding 45,000 new hotel rooms spread across four new billion-dollar mega resorts. According to analysis performed by Deutsche Bank Securities, the Las Vegas casino/resort industry will add approximately 113,500 new jobs to the local economy during this next phase of Strip development. The four projects we are referring to are the Palazzo, the Encore, Project CityCenter and Echelon Place. Here’s the most amazing part of the story! At current growth rates, the population of Southern Nevada will fall short of these massive hiring requirements. How short? The projected shortfall is 25,000 of the 113,000+ jobs coming on line over the next five years. What’s the plan? Same as it’s always been….build it and they will come. It’s a sure bet that people looking to improve their economic future will flock to Las Vegas from “less economically stellar” parts of the country. It’s also a sure bet that a new Las Vegas home will be part of the picture for many of our new arrivals. Don’t imagine for a minute that these are 113,000 low paying jobs. Nothing could be further from the truth!
Archive for February, 2007
One of the most exciting residential developments in the southwestern portion of the Las Vegas Valley is Mountain’s Edge real estate. Rapidly becoming the most popular new master-planned community in Southern Nevada, Mountain’s Edge homes offer lucky residents beautiful floor-plans and outstanding amenities. For example, KB Homes is now featuring the Silver Hills neighborhood at Mountain’s Edge, a collection of four one-story Las Vegas homes ranging in size from 1,713 to 2,157 square feet. Pricing begins in the low $200′s. The crown jewel of the Mountain’s Edge community is Exploration Park, a western-themed recreational facility that includes picnic areas, walking trails and playgrounds. MS Las Vegas Real Estate enjoys an extensive level of experience in the Mountain’s Edge master-plan. Our services are at your disposal.
What in the world are we talking about? There is a stretch of Paradise Road right between the Sahara Hotel and the Las Vegas Hilton that you could plausibly rename Turnberry Lane. Why so? Turnberry, Ltd. has built two spectacular Las Vegas high rise condo developments (within two blocks of each other) right on that small section of Paradise Road. Turnberry Place condos (a total of four structures) have the distinction of creating the market for Las Vegas high rise condos. Until this project went skyward and sold like crazy, no one imagined such tremendous demand in the Las Vegas real estate market for this type of luxury product. Right up the street is the new sister property aptly named Turnberry Towers Las Vegas. Stretching skyward at the corner of Paradise Road and Karen Avenue, Turnberry Towers condos will be comprised of two 45-story buildings. The east tower is scheduled for completion in June of this year and the west tower is slated for occupancy in the spring of 2008. The Michelle Sterling Team at Prudential Americana is ready to take you on a tour of Turnberry Lane! Give us a call at 888-349-2595.
The Tennis Channel Open returns to Las Vegas at the Darling Memorial Tennis Center in northwest Las Vegas. This years tournament will span eight days from February 25th to March 4th and features 32 players including 2006 defending champion James Blake. The tournament was previously held for the past nineteen years in Scottsdale, Arizona. The tournament has always attracted top players such as John McEnroe (1986 winner) and Andre Agassi, who has won the tournament four times. Total prize money at stake is $500,000 and tournament organizers are expecting upwards of 70,000 fans over the eight day period. Pitching in with the effort will be 400 local volunteers dedicated to making the Tennis Channel Open a success again this year. Come on, admit it, you had no idea that you could watch live championship tennis in Las Vegas as a stadium spectator! The MS Las Vegas Real Estate blog continues it’s never-ending series….Las Vegas is a real city. We talk to people every day that are considering the purchase of a Las Vegas home. Again and again, clients want to know if there is a life to be lived in Las Vegas beyond the neon and the casinos. Well, rest assured that the answer is an emphatic yes! What lifestyle do you have in mind? Give us a call and we’ll turn you on to all the things that make your residential dreams a reality…..right here in Las Vegas, Nevada!
We did it! The NBA All-Star Game was a huge success! Las Vegas showcased this fantastic sporting event with a style and flair that no other city could possibly match. It should go without saying that it was a sellout crowd of 15,694 in the Thomas & Mack Arena. The Western Conference cruised to an easy win (153-132) thanks in large part to the MVP performance of Kobe Bryant. But the game itself was only part of the show. Christina Aguilera performed at halftime, Danny Gans sang the national anthem and Wayne Newton sang “Viva Las Vegas” during the player introductions. The entire show was broadcast in 210 countries, which took no less than 10 satellite television trucks (five times more than usual). What did the NBA big-shots think of it all? “We couldn’t imagine a better reception, and we thank you for it,” NBA Commissioner David Stern said after the game.
MS Las Vegas Real Estate can tell you for sure that it was our pleasure to be host-city for such a prestigious sporting event. How much pleasure? The All-Star extravaganza brought in an estimated $26 million in revenue over the weekend. It took over 6,000 hotel rooms (spread out between seven hotels) just to handle the cast and crew of All-Star weekend. More than 25,000 tourists descended on Las Vegas specifically for All-Star weekend. Food and drink sales at Thomas & Mack Arena hit a new record ($160,000), shattering the previous record of $135,000 set during National Finals Rodeo. Pretty amazing stuff from the most amazing city on the planet!
For anyone that has spent time vacationing on the Las Vegas Strip over the past decade, Danny Gans is a familiar name. Danny began his Las Vegas Headliner career at The Stratosphere almost 10 years ago. Virtually overnight fame and well-deserved fortune carried him on to The Rio Hotel and then The Mirage, his current home. An accomplished athlete, Danny nonetheless played his very first round of golf at age forty-two. Despite a tough first day on the course, it was love at first sight! Mr. Gans now shoots between 75 and 80 and is hooked for life! As generous as he is talented, Danny Gans paired-up with The First Tee Program of Southern Nevada in 2001 and developed the Danny Gans Junior Golf Academy. The mission of the Academy is to give Southern Nevada kids an opportunity to experience the thrill of golf, while also instilling the fundamental “life lessons” that good golf requires. Launched in 2002 at The Callaway Golf Center with just a handful of students, The Danny Gans Junior Golf Academy has rapidly expanded to six local courses while graduating over 2,000 students (age 6 to 17) to date! Here’s the part you just won’t believe, the entire program is underwritten by Danny Gans and all instruction is free! MS Las Vegas Real Estate salutes Danny Gans and The Danny Gans Junior Golf Academy. He’s a pillar of our community and a fantastic example for all of us!
Las Vegas Luxury Golf Real Estate takes the final “step up” to world-class status at One Shadow Creek. This is nothing less than 12,041 square feet of breathtaking residential splendor sitting peacefully on the 18th fairway of the prestigious Shadow Creek Golf Course. Shadow Creek is quite honestly one of the most elaborate and luxurious golf experiences to be found anywhere in the world. It’s only fitting that the most prestigious Las Vegas luxury real estate constructed to date should be found on the final hole of this exquisite masterpiece. I know what you’re thinking….8 bedrooms, 10 bathrooms, 8 car garage….right? Not a chance. This Las Vegas luxury golf home is as cozy and intimate as 12,000 square feet can get! Perfect for entertaining, with a spacious kitchen, sweeping patio and shimmering infinity pool, One Shadow Creek provides the perfect setting for impressing Kings, Queens and Countrymen. Aren’t you dying to take a look at it? It only takes one call to arrange a private tour. MS Las Vegas Real Estate is at your service. 888-349-2595
Summerlin Village number nineteen is starting to take shape! Summerlin Real Estate at The Mesa is being developed by three fantastic home builders; Engle Homes, KB Home and Richmond American. The first neighborhood of Summerlin homes at The Mesa is called Ladera and features a total of 20 floor-plans that range in size from 1,642 to 2,804 square feet. The Mesa Village is a 490 acre desert-contemporary village in the southernmost section of the Summerlin master-plan. Residents of The Mesa can expect a bright future that will include two new schools and a 19-acre community park. The Mesa is also conveniently located within minutes of the I-215 beltway, which provides freeway-style access to the airport, the Strip and the rest of the Las Vegas Valley. MS Las Vegas Real Estate has spent extensive amounts of time working in the Summerlin homes community over the past decade. Our knowledge and experience is an asset you’ll want to avail yourself of! We’re standing-by at 888-349-2595.
I know what you’re thinking, this time the MS Las Vegas Real Estate Blog has gone completely off the deep-end! Who in the world would pay $10,000 to watch a basketball game? Never underestimate the sheer power of Las Vegas to bring out the “cash money” side of life. The 2007 NBA All-Star Game in Las Vegas is quite possibly the most sought-after ticket in the history of sports…or anything else for that matter! Nosebleed seats are going for $3,000 and the best seats are fetching more than $10,000. VIP high-rollers from all over the world are flying-in for the game and VIP Casino Hosts are scrambling to make sure they have a ticket! Many of the players already have opulent Las Vegas luxury homes to hang-out in over All-Star weekend. In fact, Shaq used to own a Turnberry Place luxury condo if we’re not mistaken. He bought one of the penthouse units a few years back. Something tells me that he’ll have plenty of house-guests for the big game!