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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 eig ... [...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 condo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flipping
Flipping is a term used to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") 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. In the United Kingdom, "flipping" is used to describe a technique whereby Members of Parliament were found to be switching their second home between several houses, which had the effect of allowing them to maximize their taxpayer funded allowances. Types Wholesaling and assigning a contract Wholesalers make a profit by signing a contract to purchase a property from a seller and then entering into an agreement with a third party to sell their role of buyer in the contract to an end buyer. All rights to the original purchase contract are assigned to the new buyer and the new buyer pays an "assignment fee" to the wholesaler in order to gain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession In The United States
The Great Recession in the United States 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 Output may refer to: * The information produced by a computer, see Input/output * An output state of a system, see state (computer science) * Output (economics), the amount of goods and services produced ** Gross output in economics, the value of .... 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 United States housing bubble, housing bubble, the United States housing market correction, housing market correction and subprime mortgage crisis. According to the United States Department of Labor, Department of Labor, rou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ... [...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 nearby, ... [...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, US, named for owner Donald Trump, who later became US president. 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. Tower 1 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 Trum ... [...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 served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in 1968. He became president of his father's real estate business in 1971 and renamed it The Trump Organization. He expanded the company's operations to building and renovating skyscrapers, hotels, casinos, and golf courses. He later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series ''The Apprentice (American TV series), The Apprentice''. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. Trump's political positions have been described as populist, protectionist, isolationist, and nationalist. He won the 2016 United States presidential election as the Repu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Resorts International
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, 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 construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emporis
Emporis GmbH was a real estate data mining company that was headquartered in Hamburg, Germany. The company collected data and photographs of buildings worldwide, which were published in an online database from 2000 to September 2022. On 12 September 2022, the managing director of CoStar Europe posted a letter on Emporis.com, informing its community members of the decision which had been made to retire the Emporis community platform, 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 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 low-rise buildings and other structures. It used a ... [...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 11 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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