Recent Auction at MGM Signature Creates New Low Comps for High Rises
Tuesday, April 28
I recently attended the public auction held to sell 20 units in the three MGM Signature towers located just off the Las Vegas strip. The auction was held on April 21st and was attended by about 125 people. All units were sold.MGM has been forced to clamor for capital since its flagship project, t...
Freddie Mac Announces New Plan to Help Foreclosure Victims
Thursday, March 26
Last week, mortgage giant Freddie Mac announced a new initiative to help former homeowners or renters stay in homes that have already been through foreclosure proceedings. Millions of the nation's foreclosures through private banks are for loans that have been backed by the government housing gia...
No New Building Great for Investors Now Buying Foreclosures
Monday, February 09
I recently ran across an article (which will appear below) in the Las Vegas Review Journal that discussed the stall in new construction of apartments in the Las Vegas Valley. This lack on new construction is coming on the heels of falling rent prices and rising vacancy rates valley wide. At fir...