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Las Vegas Real Estate Blog

Your Las Vegas real estate information source. The latest news, new construction, scandals, additions to the strip and other Las Vegas and related information.

Friday, August 17, 2007

Accident at Palms Place

There was yet another construction accident costing a man's life. This time it was at Palms Place. Apparently a construction worker fell down an open elevator shaft. He received massive head injuries and was rushed to UMC where he succumbed to his injuries. This is yet another accident in the last few weeks.

Statistically the amount of accidents is very small when you consider the vast amount of construction going on around the valley.

Related Stories:

Another accident at FontaineBleau
High rise construction

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Another commercial development for Union Park

Developers are in negotiation with the city for the development of a huge jewelry commercial development including a 60 story high rise in Union Park. The development would include 800,000 square feet of commercial space. Part of the project would include three levels of public retail space.

It seems to me that this is a no brainer for the city council. They want to keep drawing high rollers to the downtown area and having several jewelry outlets and retail shops certainly can't hurt.

The proposed site is near W Charleston and Grand Central Parkway (near the world market and outlet mall). Seems that construction here in Las Vegas isn't going to be slowing down any time soon.

Related Stories:
Downtown Las Vegas
Commercial real estate in Lake Las Vegas

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Thursday, August 09, 2007

Another accident at Fontainebleau

Another accident hit the Fontainebleau this past Monday. A section of the multi-story parking structure that is being built collasped Monday.

Three levels of "slab" cement inside the steel superstructure of the parking garage collapsed, creating a domino effect shortly before 10:30 a.m. Monday. Construction has been halted pending an investigation. This is the second accident in less than a week after a worker died after falling off a 30 foot wall.

Fontainebleau Resorts is being developed by the Turnberry group of companies. Other Las Vegas Turnberry projects include Turnberry Place, Signature at MGM Grand and Town Square developments in Las Vegas, the Aventura Mall and Turnberry Towers.

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Thursday, August 02, 2007

The Sahara sold

Las Vegas real estate is still selling. The Sahara hotel and casino has been sold. The deal has been brewing since March of this year. The new owners are SBE Entertainment Group LLC and Stockbridge Real Estate Fund.

As per the norm in Las Vegas, the new owners plan to renovate (gut and destroy) the grand old Sahara, destroying its great history. The building was featured in the original Ocean's Eleven film with Frank Sinatra and Dean Martin. Its one of the last surviving casinos from that era.

No word whether the planned condo hotels will go forward. The Sahara property is 55 years old.

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