Las Vegas Real Estate Updates
City council okays negotiations for Charlie Palmer condo-hotel
The national spotlight is about to shine on Union Park. Celebrity chef Charlie Palmer has taken another step toward building an internationally-known resort in downtown. Developers of the Charlie Palmer Hotel received the go-ahead from the Las Vegas City Council Wednesday for exclusive negotiations to purchase more than three acres from the city. Council members also approved a parcel swap on the 61 acres of land for sale in Las Vegas which paves the way for the celebrity chef to build his boutique 426-room condo-hotel in Union Park.
Las Vegas Job Growth
A national business magazine is highlighting the potential for economic growth in Las Vegas. The May issue of Business 2.0 has ranked Las Vegas No. 2 on its list of "America's best jobs in the hottest markets," forecasting a two-year job-growth rate of 6.5 percent in the city.
Foreclosures could lead to opportunities
While Las Vegas and Nevada garner national headlines over their increasing number of homes entering the foreclosures for sale in Las Vegas process, local housing analyst Dennis Smith said it got him thinking how that growing concern can help solve another problem in the valley. Smith, the president of Home Builders Research, who analyzes the Las Vegas housing market, said the spotlight has been on the negative fallout caused by foreclosed properties.