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Hubble Smith Gaming Guru - Page 4Vegas Five-Tower Project Begins7 April 2006
LAS VEGAS -- Chet Nichols hears a lot of talk about the demand for high-rise luxury condos as second homes for people coming to Las Vegas.
"How many people can really afford to buy a $750,000 home that they use six weeks out of the year? When someone does that, they're really investing," said ... (read more)
Las Vegas Condo Market Discussed15 March 2006
LAS VEGAS -- Nobody really knows the depth of the high-rise condominium market in Las Vegas, though nearly 1,000 have been built and sold and another 5,800 are under construction, a local economist said Tuesday.
John Restrepo, principal of Restrepo Consulting Group, predicted that 10,000 to 14,000 new ... (read more)
Hard Rock Expansion Postponed24 February 2006
LAS VEGAS -- The planned $1 billion condominium-hotel expansion of the Hard Rock Hotel has been postponed and buyers are being offered a refund on their deposits, Hard Rock owner Peter Morton said Thursday.
The sales center for the Bungalows, Flats and Residences, a 1,200-unit project that was ... (read more)
Southern Nevada Continues to Grow16 February 2006
NEVADA -- Boosted by strong construction and employment numbers, Southern Nevada's leading economic indicators suggest continued expansion and prosperity into early 2007, a local economist said.
The Southern Nevada Index of Leading Economic Indicators moved up to 133.02 in January, compared with ... (read more)
Las Vegas Third Nationally in Apartment Index7 February 2006
Apartment rents throughout Las Vegas are expected to increase 5 percent this year to average of $834 a month.
The Las Vegas apartment market will benefit from low housing affordability, strong job growth and condominium conversions, a report from Marcus & Millichap brokerage said.
Las Vegas moved up one spot to No. ... (read more)
Rolling Stone Magazine Wants Casino3 February 2006
LAS VEGAS -- The owner of Rolling Stone magazine is making a bid to turn Alexis Park on Harmon Avenue into a $500 million hotel-casino that would attract the same customers as the nearby Hard Rock Hotel, a real estate source said Wednesday.
The New York Observer reported that Rolling Stone founder ... (read more)
Growth in Las Vegas Valley Seen Cooling17 January 2006
LAS VEGAS, Nevada -- Higher fuel prices and rising interest rates have yet to exact their toll from the dynamic Southern Nevada economy, but growth is coming at a slower pace, a local economist said.
The Southern Nevada Index of Leading Indicators, compiled by the Center for Business and Economic Research ... (read more)
Economic Indicators Rise, But Slowdown Could Come7 September 2005
LOUISIANA/NEVADA -- The ripple effect of Hurricane Katrina will probably slow Southern Nevada's economic growth for a quarter or two, a local economist said.
Higher oil prices threaten to hurt the tourism industry, which had shown healthy increases in visitor volume, airport passengers and gaming ... (read more)
Puttin' On the Glitz30 August 2005
A collaboration of international developers, designers and architects plan to introduce what they call the next evolution in urban lifestyle to Las Vegas with a $3 billion hotel and condominium complex on Harmon Avenue, situated between the planned W Hotel and Hard Rock Hotel expansion, a local ... (read more)
Development: W Hotel Takes Sin City Spin24 August 2005
Starwood Hotels and Resorts plan to make its W hotel in Las Vegas a flagship property for the upscale brand's "global footprint," W Hotels Worldwide's president said Tuesday while giving details about the $1.7 billion project.
The hotel at Harmon Avenue and Koval Lane will have a mix of 3,000 hotel and ... (read more)
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