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List Of Condominiums In Las Vegas
Since the 1990s, various condominium projects have been proposed for the Las Vegas Valley. Park Towers and Turnberry Place, two high-rise condominium properties located near the Las Vegas Strip, were completed in 2001; they subsequently inspired a condominium boom that started in 2003, when various developers began announcing projects that were planned throughout the Las Vegas Valley. Many projects were ultimately cancelled because of a rise in construction costs, as well as a lack of skilled construction workers and contractors who were qualified to build high-rises; both reasons were attributed to the large number of projects being announced. The following list includes notable condominium projects that were both completed and cancelled, as well as projects that are on hold. History Early history Regency Towers, built in 1974, was the first high-rise condominium property to open in the Las Vegas Valley, with 226-units. The property was initially unsuccessful, selling only ei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Signature At MGM Grand
The Signature at MGM Grand is a condo-hotel at the MGM Grand resort in Paradise, Nevada, near the Las Vegas Strip. It consists of three towers, each 38 stories in height, with a total of 1,728 units. MGM Mirage and Turnberry Associates partnered to develop the project, which was announced in 2002. Construction was underway in 2004, and the first tower opened in May 2006. The project was built on land previously used by the MGM Grand Adventures Theme Park. Individual buyers in the project had the option of renting out their unit and splitting the profit with MGM. Starting in 2007, hundreds of buyers filed suit against the property, alleging misleading sales pitches and income that was lower than expected. History Part of the property was previously occupied by the MGM Grand Adventures Theme Park, which was built just northeast of the MGM Grand resort; both opened in 1993. On December 5, 2002, MGM Mirage announced that it had partnered with Turnberry Associates to build a co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flipping
In finance, flipping is purchasing an asset to quickly resell (or "flip") it for profit. Within the real estate industry, the term is used by investors to describe the process of buying, rehabbing, and selling properties for profit. In 2017, 207,088 houses or condos were flipped in the US, an 11-year high. That number represents 5.9 percent of all single-family properties sold during that year Effects Bubbles A spate of flipping often creates an economic bubble which then bursts, such as during the Florida land boom of the 1920s. In the 2000s, relaxed federal borrowing standards (including subprime lending) allowed a borrower to purchase a home with little or no money down, which may have led directly to a boom in demand for houses. Because it was easy to borrow, many investors bought homes as property speculation with no intent to live in them. Since the demand outstripped the supply, prices rose, giving a short-term profit. This resulted in an inflationary spiral until th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession In The United States
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding the crisis along with restrained government spending following initial stimulus efforts. It followed the bursting of the housing bubble, the housing market correction and subprime mortgage crisis. According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession that is defined by "a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allure Las Vegas
Allure Las Vegas is a condominium tower in Las Vegas, Nevada. The 41-story, tower was built between 2005 and 2007 and was designed by EDI Architecture. Construction was managed by Bovis Lend Lease. A second tower was to be built on property adjacent to the first tower, but these plans were cancelled because of poor sales caused by the Great Recession, and because of an oversupply of condominium high-rises on the nearby Las Vegas Strip. The Lucky Dragon Hotel and Casino was ultimately built on the adjacent property. Positioned on Sahara Avenue, the southernmost boundary of Las Vegas, Allure was the tallest residential building within the city of Las Vegas when it was completed in 2007. History Early history In 1987, developer Andrew Fonfa purchased five acres on West Sahara Avenue, near the northern end of the Las Vegas Strip. At the time, Fonfa planned to build a hotel on the property, as he expected Circus Circus Enterprises to construct the Excalibur Hotel and Casino near ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trump International Hotel Las Vegas
The Trump International Hotel Las Vegas is a 64-story hotel, condominium, and timeshare located on Fashion Show Drive in Paradise, Nevada, United States, named for part owner Donald Trump. It is located down the street from Wynn Las Vegas, behind the former site of the New Frontier Hotel and Casino on , near the Fashion Show Mall, and features both non-residential hotel condominiums and residential condominiums. The exterior glass is infused with gold. The hotel opened on March 31, 2008, with 1,282 rooms. It has two restaurants: DJT, the developer's initials, and a poolside restaurant, H2(eau).Jen LeoLas Vegas Trump Tower opens today ''Los Angeles Times'', March 31, 2008. Trump announced that a second, identical tower would be built next to the first tower, but the plan was suspended after the mid-2000s recession. It is Las Vegas's tallest residential building at . In September 2012, the Trump Organization announced that it sold roughly 300 condominium units in Trump Int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45th president from 2017 to 2021. Born into a wealthy family in the New York City borough of Queens, Trump graduated from the University of Pennsylvania in 1968 with a bachelor's degree in economics. He became the president of his family's real estate business in 1971, renamed it the Trump Organization, and began acquiring and building skyscrapers, hotels, casinos, and golf courses. He launched side ventures, many licensing the Trump name, and filed for six business bankruptcies in the 1990s and 2000s. From 2004 to 2015, he hosted the reality television show ''The Apprentice (American TV series), The Apprentice'', bolstering his fame as a billionaire. Presenting himself as a political outsider, Trump won the 2016 United States presidential e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Resorts International
MGM Resorts International is an American Multinational corporation, multinational hospitality, sports and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the Bellagio (resort), Bellagio, Mandalay Bay, MGM Grand Las Vegas, MGM Grand and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emporis
Emporis was a real estate data mining company with headquarters in Hamburg, Germany. The company collected data and photographs of buildings worldwide, which were published in an online database from 2000 to September 2022. Emporis was acquired by CoStar Group in October 2020. On 12 September 2022, the managing director of CoStar Europe posted a letter on Emporis.com, informing its community members that the Emporis database and community platform would be shut down effective 13 September 2022. Emporis offered a variety of information on its public database, Emporis.com. Emporis was frequently cited by various media sources as an authority on building data.- - - Emporis originally focused exclusively on Tower block, high-rise buildings and skyscrapers, which it defined as buildings "between 35 and 100 metres" tall and "at least 100 metres tall", respectively. Emporis used the point where the building touches the ground to determine height. The database had expanded to include l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sky Las Vegas
Sky Las Vegas is a 45-story luxury high-rise condominium tower with 409 units, situated on a 3-acre site on the Las Vegas Strip in Winchester, Nevada. A two-story retail project had initially been planned for the site in 2001, although it ultimately did not materialize. Plans for Sky Las Vegas were announced in July 2004, with construction beginning the following year and its opening occurring in May 2007. History Original plans In February 2001, NewMark Merrill – a developer of strip malls in southern California – announced plans to purchase a property on the Las Vegas Strip. The property, located north of the Circus Circus resort and south of a planned Hilton timeshare high-rise, was owned by Bill Bennett, who also owned the nearby Sahara Hotel and Casino. NewMark Merrill was planning a two-story, retail project for the property that would be known as the Boulevard Collection. The project was designed by Lee & Sakahara, and was to be opened in 2004. After the September 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
