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| Condo-Hotels July Basic Stats | by Myra Hatten, Coldwell Banker Premier Realty |
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| Palms Place Hotel Spa
23 Transactions
36 Suites currently on the market
Average sales price: $237,935
Median price: $208,500
Average $/sq. ft.: $322.96
The Signature at MGM Grand
7 Transactions
39 Suites currently on the market
Average sales price: $204,970
Median price: $207,900
Average $/sq. ft.: $337.21
Trump International Hotel
2 Transactions
50 Suites currently on the market
Average sales price: $200,000
Median price: $200,000
Average $/sq. ft.: $374.87 |
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| Palms Place Developer Suites |
| Palms Place Hotel has completed selling all their developer suites. All 599 suites are now individually owned. With less inventory on the market and less competition, owners are now receiving offers close to or at asking price. As a result, we are now seeing improvement on property value.
If you would like to know the most updated market value for your Las Vegas property, feel free to send me an email at myra.hatten@cbvegas.com. Within 24 hours, you will receive a comparative market analysis. |
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| UFC Sold for $4 Billion. Headquarters will remain in Las Vegas |
| The $4 billion sale of UFC stands to be the most expensive transaction for an organization in sports history. The Fertitta brothers bought the organization in 2000 for $2 million.
In its 23-year history, UFC has become a global sport, generating an estimated $600 million in revenue last year. The organization has attracted a growing audience of millennials, advertisers,TV networks and fights shown in more than 156 countries.
The new owners intended to keep the UFC Headquarters in Las Vegas. The new 184,000 sq. ft. state of the art facility broke ground in Dec 2015. The 24 acres campus will house 400+ corporate employees and the most modern training, rehab, workout and education facilities in a 40,000 sq. ft athletic center for the organization's 575 fighters.
UFC New Global Headquarters |
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| NFL Raiders scouting for vacant land in Las Vegas |
| There's certainly no shortage of available vacant land in Las Vegas. That's why when it comes to looking for a suitable location to build a 65,000 seat stadium, the Raiders not only have 2 but at least 5 sites to choose from.
Backers of the stadium told the Southern Nevada Tourism Infrastructure Committee that the primary spots under consideration are the Bali Hai golf course south of Mandalay Bay, about 63 acres off Russell Road and Interstate 15, some 100 acres controlled by Station Casinos off Tropicana Avenue and I-15 and two UNLV options. Raiders owner Mark Davis previously promised the committee $500 million toward the stadium’s cost and made it clear that he wants to relocate his team if a deal is finalized.
Source: Las Vegas Sun |
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| Palms Place Studio Suite 50307 |
| Property Type: Condo-Hotel
Bathrooms: 1
Year Built: 2006 |
| MLS #: 1816895
Square Feet: 615
List Price: $187,500 |
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| This contemporary, fully furnished suite is located on the 50th floor. Enjoy the relaxing mountain view from your own balcony. Great condition with stainless steel appliances. Comfortable king size bed and a queen pullout couch. Ownership features VIP amenities.
Take a tour |
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| Did you know? |
| * Positive people are 31% more productive.
* Warren Buffet spent $100 to take a Dale Carnegie course on public speaking. He was 21 and terrified of public speaking. It ended up being a worthy investment.
* Bill Gates reads 50 books a year. Gate says "reading is still the main way that I both learn new things and test my understanding."
* Steve Jobs was a Zen Buddhist. In 1974, after working with electronics and video company, Atari, Jobs traveled to India for 7 months in search for spiritual enlightenment.
* In 1978, Richard Branson bought an island for $180,000, well under the asking price of $5 million. It's worth upwards of $200 million today.
* In 2009, Oprah Winfrey showed appreciation for her hard-working staff by treating every single one of them to an exotic Mediterranean cruise.
* Elon Musk has described himself as a workaholic. With his passion for his work, Elon says he is able to work up to 100 hours per week running Tesla Motors and SpaceX if needed. |
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| © 2016 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker, the Coldwell Banker logo, Coldwell Banker Previews International and the Coldwell Banker Previews International logo are registered service marks owned by Coldwell Banker Real Estate LLC in the United States and by Coldwell Banker LLC in Canada. Each sales representative and broker is responsible for complying with any consumer disclosure laws or regulations. In Canada, any use of the term "sales associate" or "agent" herein shall be replaced with the term "sales representative”. Nothing in this document is intended to create an employment relationship with the Coldwell Banker office or Coldwell Banker Real Estate LLC. Any affiliation by you with Coldwell Banker is intended to be that of an independent contractor sales associate. | An Equal Opportunity Company  Equal Housing Opportunity |
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