With MGM/Mirage City Center is being built at what appears to be a record breaking pace - MGM/Mirage has named it's newest hotel - ARIA!
To READ THE ARIA NEWS RELEASE - CLICK HERE
Everytime I drive by the intersection of Las Vegas Blvd. and Harmon - I am amazed at the progress on the site of CITYCENTER. The steel structures are being clad in glass, as the frames of Vdara, Veer, the Harmon, the Mandarin and the new ARIA take shape, yet reinventing the VEGAS SKYLINE once again. With the COSMOPOLITAN being built across the street, the new Planet Hollywood Hotel & The Planet Westgate timeshare tower rising behind it, the Harmon corridor will be a new hub of entertainment and excitement.
Little wonder, there has been quite alot of activity in the sale of units at Panorama Towers - just a hop - skip - and a jump from the center of what promises to be an epicenter of the Vegas strip. We have small one bedroom luxury condos on the resale market at Panorama Towers for less than $350k and a few developer units at aggressive pricing. Looking to have your own Vegas getaway place at price points far below those at CITYCENTER but close enough to take advantage of all that CITYCENTER promises to offer?
Contact THE STARK TEAM TODAY!
Click to View all resales at Panorama Towers listed in the MLS
702-376-5220
Tuesday, May 20, 2008
CityCenter Las Vegas News FLASH>>>>ARIA is the Centerpiece Tower
Tuesday, May 13, 2008
The Cosmopolitan Las Vegas Strip Condos - Foreclosure News
As the Cosmopolitan Las Vegas continues to be built - right across from CityCenter by MGM, the questions keep coming in about the outcome of the project. Here is a link to the latest news from the Wall Stret Journal as of May 9th:
CLICK TO READ
For the latest high rise condo news and happenings VISIT OUR SITE and our Other BLOG.
Saturday, April 26, 2008
Las Vegas Strip Area High Rise News - Welcome VIVA VEGAS!
New High Rise Condos & More to be built near Panorama Towers - An Urban Core to Rival MGM CityCenter!
Click to Read the Full Article
Looking for a great high rise condo deal in Panorama Towers? It may be the right time to snag a deal based on the new VIVA Vegas project by the Fertitta Family & CityCenter across the way. Location is key in any real estate investment & Panorama Towers will be in the epicenter of 21st century high rise luxury hotels & condos near the world famous strip!
We just represented a buyer in the purchase of a 1500+ sq. ft. condo at Panorama Towers at under $ 300 per square ft. that was not a short sale or foreclosure.
Put the expert negotiating skills of the STARK TEAM on your side if you are looking for the bargain in the Las Vegas SKY!
702 376-5220
Thursday, April 24, 2008
Panorama Towers Condos in Las Vegas-Poised for Upside Appreciation Potential!
Please take a second to read the article that appeared in the Las Vegas Sun newspaper yesterday. This site is directly south of Panorama Towers and it should have a positive impact for Panorama Towers in the future.
Station Casinos banking on biggest being best
Plan for huge complex in play despite economy
By Liz Benston
Wed, Apr 23, 2008 (2 a.m.)
Station Casinos owners Lorenzo Fertitta, left, and brother Frank explain their vision Tuesday for Viva, which, at $10 billion, would become the most expensive casino complex ever built.
At a time when businesses across the country are cutting back in the face of economic turmoil, the brothers at the helm of Station Casinos are accelerating plans for an enormous Las Vegas resort larger than CityCenter.
Frank and Lorenzo Fertitta, who took their company private last year with help from private equity giant Colony Capital, said in an interview Tuesday that they are going forward with plans to redevelop the site of the Wild Wild West motel and casino on Tropicana Avenue and Interstate 15.
The Fertittas said they have a detailed plan for the first phase of their Viva resort that includes three casinos and at least three hotels with as many as 5,200 rooms. The entire project, built on 110 acres over many years, would cost more than $10 billion and be larger than MGM Mirage’s $8 billion CityCenter, now under way on the Strip and expected to open in 2009 on 66 acres between Monte Carlo and Bellagio. Ultimately, the Viva complex could have 10,000 rooms.
Station Casinos’ timing would seem amiss, given the weakening national and local economies. But the Fertittas have defied skeptics here and on Wall Street by buying or building a 14-casino empire in 13 years.
Because the company is no longer publicly traded, the Fertittas do not have to answer to jittery shareholders worried about declining demand or falling share prices. But they still have to line up lenders, which they have not yet done. They said they hope the capital market will rebound before they are ready to start construction, sometime in the next two years.
Originally conceived as a single casino hotel built on a few dozen acres, plans for Viva grew exponentially as Station quietly bought or obtained rights to develop the 110-acre site, currently home to squat, nondescript warehouses and retail stores.
“It started to build upon itself, like putting together pieces of a puzzle,” Lorenzo Fertitta said.
In its expanded form, Viva will establish the Fertittas as “Strip players” and cement their legacy as casino entrepreneurs beyond their success in the neighborhood casino business — a track record long admired by their counterparts on the Strip.
“In a lot of ways, it will change the face of the company,” Lorenzo Fertitta said.
The complex will cater to tourists while also trying to lure locals, as all Strip casinos do.
The goal will be to try to strike a balance in which both tourists and locals feel comfortable, Frank Fertitta said. Other properties have attempted the same balance, with varying degrees of success. When built, Viva will top Red Rock Resort as the most expensive off-strip casino complex in history. Some Wall Street analysts said Red Rock’s $1 billion price tag was too rich for a mostly neighborhood crowd of gamblers. But the Fertittas have been happy with their long-term investment in Red Rock.
Viva, likewise, is a long-term bet on Las Vegas that they believe will help the market grow, as have previous resorts.
Viva seems certain to draw criticism from skeptics who say Las Vegas is building beyond its market. The same was said at the announcement of CityCenter and later projects, including Boyd Gaming Corp.’s $5 billion Echelon complex.
But the Fertittas, who have seen business cycles come and go, say Las Vegas will ultimately withstand the test of time.
“It’s very hard to predict cycles in the short run and know what is going to happen in the next six months or the next year,” Frank Fertitta said. “Where we’ve always placed our bets is over a five- to 10-year time horizon. When you have a solid strategy and look at the supply-demand dynamics in the Las Vegas Valley, the fact is, the population is going to continue to grow over the next 10 years and there are limited places to build locals casinos,” he said. “Ours is really a strategic plan over the long run (rather) than trying to time the market in the short run.”
Station has arguably been one of the hardest hit by the economic downturn among Las Vegas gaming companies because of its disproportionate effect on housing — an industry that to some extent drives locals casino growth. Locals operators say business has been weak because customers, though still patronizing their neighborhood casinos, are spending less money.
But the Fertittas are looking a year to two years ahead. After Aliante Station opens in North Las Vegas this year, Station hopes to break ground on Durango Station, at Durango Drive and the Las Vegas Beltway, early next year.
The company ultimately plans to build on hundreds of undeveloped acres it owns across the Las Vegas Valley, following a similar, if not more aggressive, timetable than it has followed in the past, they said. Station’s vast landholdings give it a strong market position that will only improve as Las Vegas continues to grow, the Fertittas say.
If you have any questions, or if you are looking for a bargain priced condo in Panorama Towers or even a foreclosure deal at this tower, please contact: The Stark Team 702 376-5220
Visit us on the web at www.LasVegasCondoExperts.com
Sunday, April 20, 2008
Sky Las Vegas Luxury High Rise Offers Amazing Strip Views!
SKY Las Vegas boasts a unique location because it is situated right on the Vegas strip. Towering 45 stories high, The Stark Team, and Ezra International Realty, is offering the best unit for premium views on the strip: SKY TOWER SUITE # 4008.
Please click to take the VIDEO TOUR of SKY # 4008
Visit http://www.lasvegascondoexperts.com for more info on this and other great luxury high rises on the strip.
Summerlin Home - $239,900 Priced Better than any Foreclosure!
Sunday, March 30, 2008
SKY Las Vegas Condos - Is the Bottom Near????
Yesterday - A one bedroom condo in SKY LAS VEGAS was reduced BELOW the Seller's original cost to $ 325k!!! The original cost was over $350k & for a 780 sq. ft. luxury high rise condo on the strip - this is a break through price. Previously priced at $ 375k, this 13th floor condo, complete with granite countertops and marble floors in the kitchen & bath, jetted tub & all the luxuries SKY LAS VEGAS LIVING on the Strip has to offer. Take a TOUR OF SKY & CONTACT THE STARK TEAM to take advantage of a really fabulous bargain basement price.
