MGM CityCenter Condos (Las Vegas, NV)
MGM CityCenter Condos (Las Vegas, NV) Real Estate News
Philip gusterson
History of the Las Vegas Strip
Philip Gusterson (LVRE.com)

One thing I have noticed amongst clients looking to buy a Strip condo is their interest in the history of Las Vegas, so here is a bit of background information.

The Strip started out life as Route 91, thus the name of some of its first nightclubs: 91 Club. Back in the 1940s 91 Club struggled to compete with Downtown, and folks weren’t attracted to spending their leisure time on what was considered the Los Angeles Highway. Things changed with the opening of El Rancho Vegas in April 1941. This casino hotel, developed by Thomas Hull, had retail, restaurants, shows, horse riding, a pool, and 63 rooms. It was the beginning of the Strip as we know it. The path to mega-resorts offering rooms, restaurants, entertainment, sports and even Las Vegas Strip Condos was in motion.

Following in Hull’s footsteps was developer R.E. Griffith who bought up 175 acres on the highway and built the Last Frontier. Opening in October 1942 this was Vegas’s first themed casino and its tribute to the wild west proved popular. The Carrillo Bar was named after the Cisco Kid’s sidekick, and there were stuffed animals throughout the casino.

Next came the casino that people mistakenly think was the start of the Strip. Billy Wilkerson, founder of the Hollywood Reporter, bought 33 acres south of the Last Frontier in 1945 and started construction of the Flamingo in April of the same year. Wilkerson had Gus Greenbaum and Moe Sedway as operating partners despite their links to organized crime, but the biggest problem was that he was a degenerate gambler. He gambled on the development itself when he started it without sufficient funds to complete it, and he also lots thousands of dollars of his own money as he played the tables during the construction period. The project ran out of money, and crime boss Meyer Lansky came in with $1m to invest.

Soon after Lansky’s cash injection one of his representatives, Benjamin Siegel, came to oversee the investment. Bugsy Siegel first split the project with Wilkerson, and then moved on to take the whole thing over. But Bugsy was no developer, and cost overruns and changes led to a delayed opening in December 1946. It opened without the rooms being complete and thus the casino could not generate the funds to maintain operations: the Flamingo closed just one month after it had opened.

It was in March 1946 that the Flamingo reopened with 93 rooms available. It pretty quickly started to generate profits, but it seems that the mob had not forgotten the cost overruns: in June 1946 Bugsy was killed, and Gus Greenbaum and Moe Sedway stepped in to run operations.

In the story of Las Vegas it is easy to forget the credit due to the true pioneers: Thomas Hull and R.E. Griffith. In the story of the Flamingo it is easy to forget the importance of Billy Wilkerson’s initial vision, and the operational skills of Greenbaum and Sedway. For many people it will always be Bugsy who built the Strip.

The Flamingo opened up a new market to Las Vegas of more sophisticated customers than those that visited Downtown. Once the Flamingo’s success was proven the Strip underwent a period of rapid development in the 1950s. The western-themed Thunderbird opened in 1948, and the Palm Springs-inspired Desert Inn opened in 1950. With each new development the luxury was ratcheted up, and the Desert Inn provided the Strip’s first golf course. Next came the Sahara, followed by the Sands, the Royal Nevada, the Dunes and the Riviera. All of these hotels were complete by 1955 and the Strip had just witnessed the first of its building booms. But the growth spurt still had legs, and the Hacienda opened in 1956, the Tropicana in 1957, and the Stardust in 1958.  The Stardust was the first hotel to realize the potential of the mass market, and its 1,000 rooms were soon filled with average folks who enjoyed gambling.

It was in the 1960s that Jay Sarno came along with the concept of massive themed resorts. The creator of Caesar’s Palace and Circus Circus, Sarno was a visionary. When Caesar’s opened in 1966 it was an instant hit. Sarno doubled up and took his Caesar’s profits to build Circus Circus. It was not until Sarno sold Circus Circus to William Bennett and William Pennington in 1974 that it started performing well. The two Williams toned down the circus act, removed the admission fee and targeted the mass market. Despite the mixed results of his hotels Sarno and paved the way for future casino developers who had grand ideas for the Strip. The ideas would eventually extend outside of casinos to Las Vegas Strip Condos, but that development phase has had mixed results.

Thank you for reading.

Philip Gusterson

agent@lvre.com

www.lvre.com

Img 8475 robert vegas bob swetz 8 15 2014
High Rise Condos in Las Vegas Neavda by Robert (Vegas Bob) Swetz
Robert (Vegas Bob) Swetz, Commercial & Residential Real Estate Agent (REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156 )

City Center Las Vegas by Robert Swetz

MGM City Center Las Vegas Nevada by Robert Swetz

With interest rates as low as they have ever been what better time to purchase Real Estate. The tourism continues to boom in Las Vegas Nevada as if nothing ever happened to the economy over the years.

Las Vegas Nevada has some great Real Estate investment all over the city. Housing inventory is being bought up by investors purchasing and renting back to locals that lost their homes in foreclosure ... "Shame on these Investors."

The inventory is HUGE with High Rises Condos along Las Vegas Blvd and the surrounding STRIP Area.

If your interested in purchasing a condo in Las Vegas Nevada before the interest rates go up and owning a piece of the Las Vegas STRIP please contact VEGAS BOB at ...

702 443 7156

 

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    Jan 15, 2010 – One Queensridge Place Luxury Condos | Las Vegas Real Estate . ...Friday Funnies - "Vegas Bob said he could get me a great price on a High Rise Luxury Condo" ... Post & Pic by Robert Swetz (Vegas Bob) 1-15-2010 ...
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    Mar 12, 2012 – Las Vegas Real Estate by Robert Swetz ... And I can help you purchase or sell Commercial Buildings, High-rise Luxury Condos, Custom Made ...

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"

VIDEOS BY VEGAS BOB

Robert (Vegas Bob) Swetz

Renee burrows final 1000
Ca$h or Credit: Las Vegas NV Area REO Financing Profiles for March 2012 (includes Henderson & North Las Vegas)
Renée Burrows, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate)

REO Financing Profile for Las Vegas Area

REO Financing Profile for Las Vegas Area

Cash is the obvious dominator with overall Las Vegas Area REO Purchases. Cash not only dominates but CRUSHES financed purchases under $75000. The primary reason is the stuff priced under $75000 is unhabitable and ineligible for financing or is condo ineligible for financing.

Asset managers for REO also may choose cash offers that may be lower than financed simply because financed offers have exceeded their appraised price on the property or because there are less contingencies and they can close quicker (which takes the asset - or liability - off of their books quicker.)

Condo financing is currently a challenge in the Las Vegas Area. Lenders want to see low investor concentration, low HOA deliquencies and no construction defect or other litigation against HOA or community. To determine if a condo is eligible for financing, a condo certification may be ordered from the HOA (this does cost money) and have it run by an underwriter.

Whether you are all cash or a financed buyer, you can search Las Vegas Area (Henderson & North Las Vegas too) homes right here for free and no obligation!

View other REO Stats for the Las Vegas Valley!

Last Month's Las Vegas Area REO Financing Profile Report

Learn More About Buying Las Vegas REO

What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?

General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?) It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.


Thanks, Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Loriballenprofessional
Las Vegas High Rise for Sale | MGM Towers | Las Vegas Short Sale
Lori Ballen, CVO, Chief Visionary Officer / Ballen Companies (The Ballen Companies, TBG, TBM, ASAN)

702-604-7739 - http://www.lasvegashighrisesforsale.com - Find All High Rises for Sale in Las Vegas

 

Keller Williams Realty

The Ballen Group .
Email The Ballen Group

 

 

Work: 702-604-7739

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Address: 135 E. Harmon Type: Residential Style: Single Story Bathrooms: Suite: No Living Area: 520 square feet Year Built: 2006

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702-604-7739 - http://www.lasvegashighrisesforsale.com - Gorgeous Studio Unit Condo at MGM Signature w/ Spectacular Strip Views from the 24th Floor! Full Designer Furnishings! All Appliances, Snadiero Cabinetry, TV's! Luxurious Bath! Amazing Location & access to MGM Grand Hotel & their amenities. 1 Bdrm unit available next door at $220K to create a 2 BR unit.

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Lori's Associates:

Kris Asquith - Bonita Springs, Florida

Kimberly Grogan - Alrlington, Texas

Jeff Shipley / FM Team - Fargo, North Dakota

Jamie Mixon / Mixon Group - New Orleans

Rick Raanes - The Woodlands, Texas

 

 

Lori Ballen is a Mega Agent with an award winning real estate team in Las Vegas called The Ballen Group at Keller Williams Realty Las Vegas.  Lori and her husband Richard Ballen have owned multiple successful businesses based on her marketing strategy which is now called “The Ballen Method“.  Lori and Richard now travel and train other business professionals on her methods which include  Identifying a Niche, Finding a Target Audience, Creating a Message and a Product and then using Blogging, Press Releases, Social Media, Classified Ads, Video and Fresh, Relevant web site content with Disciplined Consistency in order to dominate the search engines for desired searched keyword strings.

Lori Ballen has become known for her “Keeping it Real” style and approach to Social Media. What you see is what you get with Lori. Passion, Enthusiasm and Energy are what she’s about.

Lori is an open book with her experiences, lead generation skills, and business building knowledge. She has no secrets and loves to educate, inspire, and train others. Her recent class include a fully packed house in Orlando with over 1000 attendees where she shared her “Ballen Method” to Lead Generation including her “Ballen Blast” method to Blogs and Classified Ads for page one search engine results.

A mother of 2 daughters, step mother of 2 more daughters, and wife of 20 years, Lori is A  role model of strong women for her family.

Lori’s Team, The Ballen Group is an award winning team specializing in Distressed properties – specifically Las Vegas Short Sales as well as residential real estate in Las Vegas, North Las Vegas, and Henderson.

Strive for Progress, not for Perfection

Here are the products Lori uses in her business that you might love to try!
Send Video Emails like Lori and set Video Action Plans / Campaigns

Lori LOVES her CRM / Database for it's social media integration, Action Plans, team Functions, ease of use, tracking of communication, and reminders.

Have you ever received a custom greeting card from Lori? She uses them for birthdays, new baby cards, welcome to the company cards and more. She Loves the custom campaigns she set up for working Expired Listings and For Sale By Owners.

Lori's team handles listing marketing through an online tool that automatically imports the teams listings, creates blog posts, classified ads, virtual tours, social media shares and more all in one shot! Lori also uses the landing pages via this tool for her Facebook Ads that generated 2000 seller leads in a matter of days!

THE BALLEN METHOD SECRETS OF SUCCESS

  • The Ballen Method Book

 

 

 

 

 

 

 

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The Ballen Method is a comprehensive system designed to help your business or product appear on page 1 of Google and other search engines when a potential client or customer is searching for your products or services. This system includes everything you need to master internet lead generation for your business.   Learn more...

 

Img 8475 robert vegas bob swetz 8 15 2014
Vegas Bob "Time Travels into the Future" while he say's (Goodbye to the HARMON BUILDING) in Las Vegas Nevada
Robert (Vegas Bob) Swetz, Commercial & Residential Real Estate Agent (REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156 )

 Robert (Vegas Bob) Swetz captures a short video of the "HARMON BUILDING" in Las Vegas Nevada 8-29-2011. When VB shot this video temperatures were around 110 and he was a little light-headed and was able to "Time Travel" to September 29-2011.

 A viewer from YouTube corrected VB in a comment and stated unless you were "Back to the Future" blah-blah-blah ...

  Anyway the HARMON BUILDING will be coming down very soon and VB wanted to say "Goodbye" because he worked on this project for over 2 years and made some very good money working on the HARMON BUILDING.

  "GOODBYE" my friend ...

  Robert (Vegas Bob) Swetz  8-30-2011

 

  1. Las Vegas Nevada Buildings on "The Strip" by Robert (Vegas Bob ...

    www.youtube.com/watch?v=cfebpSAzYRs6 min - Jun 17, 2011 - Uploaded by VideosByVegasBob
    Video taken by Robert (Vegas Bob) Swetz in Las Vegas Nevada 5-22-2011 ... Harmon Building MGM City Center -- Photo taken by ...
  2. Vegas Bob say's "Goodbye" to the HARMON BUILDING at City ...

    www.youtube.com/watch?v=ELCWgPKr0iY&feature=related2 min - 13 hours ago - Uploaded by swetz777
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    Oct 13, 2010 – This photograph of the Harmon Building from 'City Center ...
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    https://plus.google.com/u/1/103355449290995542942 - Block all plus.google.com results
    Aug 18, 2011 – Lake Tahoe Beautiful views by Robert (Vegas Bob) Swetz 8-7-2011 ... Harmon Glass Company. Larry's Glass Company ...

 

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"

VIDEOS BY VEGAS BOB

Robert (Vegas Bob) Swetz

Img 8475 robert vegas bob swetz 8 15 2014
"Good Night" from MGM City Center in Las Vegas Nevada ...
Robert (Vegas Bob) Swetz, Commercial & Residential Real Estate Agent (REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156 )

MGM City Center Las Vegas Nevada taken by Robert Swetz

 

 Here are a couple very unique photographs I took of MGM City Center in Las Vegas Nevada. The photo above is the back of the (Aria Hotel & Casino). This photograph was used in one of the first brochures when City Center first opened.

 And the photo below was taken from the Aria hotel room on the 18th floor when Nu Nu and I stayed there, this view was looking down towards Las Vegas Blvd.

 

MGM City Center Las Vegas Nevada taken by Robert Swetz

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"

VIDEOS BY VEGAS BOB

Robert (Vegas Bob) Swetz

Img 8475 robert vegas bob swetz 8 15 2014
(Must See) MGM City Center Las Vegas Nevada by “Vegas Bob"
Robert (Vegas Bob) Swetz, Commercial & Residential Real Estate Agent (REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156 )

MGM Grand City Center - Las Vegas - Nevada by Robert Swetz

Robert Swetz shows his creative eye capturing the many angles of MGM City Center in Las Vegas Nevada (Must see Post)

I spent several hours photographing MGM City Center on Black Friday 11-27-2009 and it was the third day in a row that I went down to try and satisfy my needs as a professional photographer.

I have captured a set of photographs that are truly amazing and at least half of my pics will not be posted because I will be sending them to the Architects that created MGM City Center before they are posted over the world wide web.

These photographs on this post really show how LasVegas is stepping into the future of building structures and I am very impressed once again with these photographs and I hope you like them!

MGM Grand City Center - Las Vegas - Nevada by Robert Swetz

This is a shot looking up into a curved wall at The Harmon Building and there was no trick photography used in any of these photographs on this post.

MGM Grand City Center - Las Vegas - Nevada by Robert Swetz

The photo above is a stairway going from Las Vegas Blvd to The Harmon Building.

MGM Grand City Center - Las Vegas - Nevada by Robert Swetz

The photo above is the corner of The Crystal shopping building on Las Vegas Blvd that will opening December 3-4  2009.

MGM Grand City Center - Las Vegas - Nevada by Robert Swetz

This photograph above was taken looking straight up through the middle of one of the Vere Towers and on the left is The Mandarin Building.

MGM Grand City Center - Las Vegas - Nevada by Robert Swetz

The photo above is another shot looking up the corner of The Vere Tower.

MGM Grand City Center - Las Vegas - Nevada by Robert Swetz

The photo above is looking up the north side of The Mandarin Building.

MGM Grand City Center - Las Vegas - Nevada by Robert Swetz

The last photo above was taken looking straight west of Las Vegas Blvd into the main entrance.

All photographs taken by Robert Swetz and photo pics have been reduced 30% actual size. Duplicating of photographs is any form is prohibited without written permission from Robert Swetz.

All photographs were taken 11-27-2009 in Las Vegas Nevada at MGM Grand City Center.

For more information o MGM City Center please go to …….

City Center – Capital of the New World

and

MGM Grand Las VegasWikipedia, the free encyclopedia

(Must See) MGM City Center Las Vegas Nevada by “Vegas Bob

Robert "Vegas Bob" Swetz  

Direct: 702.443.7156      

If you are interested in Investment Properties in Las Vegas and the State of Nevada I can help you with all your needs.

Las Vegas continues to be a very fast growing city with some great opportunities for employment, retirement and much more. Las Vegas is surrounded by many other places & cities of interest like Lake Mead, Salt Lake City, Zion National Park, Arches National Park, Grand Canyon, Los Angeles, Laguna Beach, Huntington Beach, Monterey Bay, Carmel, San Francisco, Newport Beach, San Diego, Reno, Phoenix, Yosemite National Park, Lake Tahoe and more.

"Have a Wonderful Day"

VIDEOS BY VEGAS BOB

Robert (Vegas Bob) Swetz

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