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Israeli company buys into Las Vegas
July 5th, 2007 11:59 AM

JERUSALEM: Africa Israel Investments, an Israeli company controlled by the diamond billionaire Lev Leviev, agreed to buy, with its partners, a parcel of land in Las Vegas near the Hard Rock Hotel & Casino for $625 million.

Africa Israel will have a 49 percent share in the "mega-project," while its partners, which include the New York real estate investor Steven Witkoff, the Cipriani family and the Credit Suisse Group, will share the remainder, the company said Sunday.

The group plans to build a number of hotels on the land, including one that will carry the Cipriani name, as well as a casino and commercial areas, said the company, which is based in Yehud, Israel.

The project will take about five years to complete, Africa Israel said.

Israeli property companies have been buying real estate abroad, seeking new sources of revenue. Last month, the Israeli tycoons Nochi Dankner and Yitzhak Tshuva agreed to develop a Las Vegas hotel and casino complex for between $6 billion and $8 billion.

Africa Israel has snapped up several high profile U.S. properties this year. It bought the New York Times building in Manhattan for $525 million in April, and became a 50 percent partner in the purchase of the Apthorp Apartments, an early-20th century New York City landmark, in March.


Posted by Steve Harless on July 5th, 2007 11:59 AMPost a Comment (0)

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The U. S. Housing Market - It's Either Feast Or Famine!
July 22nd, 2007 6:24 AM

Posted by Steve Harless on July 22nd, 2007 6:24 AMPost a Comment (0)

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Some Properties That Are Featured From My Broker!
July 17th, 2007 8:36 AM
Steve Harless
Realty World
6131 S. Rainbow
Las Vegas, NV 89118
702-217-1680
- Contact Me
LISTINGSView All Live Listings...
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Bedrooms: 2 Bedrooms: 2
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Price: $260000
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View All Live Listings...

Posted by Steve Harless on July 17th, 2007 8:36 AMPost a Comment (0)

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Just Listed! 5919 CLEAR VALLEY AV las vegas, NV 89142
July 6th, 2007 11:51 AM
Header
Header_2
Listings Photo
$300,000.00
5919 CLEAR VALLEY AV

las vegas, NV 89142



Beds: 3.0 Rooms: 0
Baths: 2.50 Sq. Ft.: 1756.00
Garage: 0 Built: 1999
 

$5,000 towards CC! Brand new everything: Tile & carpet throughout,tile countertops w/ stainless appl,2 tone paint,lighting fixtures, mirrored cl doors,blinds. Downstairs master has large walk in closet with dbl sinks, lg sit-in shower. 1/2 bath down has new sink with cabinets. Huge loft upstairs, tech ctr,finished garage. A Must See!!!
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Steve Harless
Realty World Luxury Homes - "The Right Agent Makes All The Difference In The World"
(702)217-1680
www.viewlasvegasrealestate.com



 
  Visit this listing at Here

Posted by Steve Harless on July 6th, 2007 11:51 AMPost a Comment (0)

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Just Recieved This Information On The Latest Housing In Las Vegas
July 2nd, 2007 12:06 PM
Dear Steve,

Attached please find a file on current market information. If you are interested
in receiving this information on a regular basis please visit www.salestraq.com

And don't forget about the Crystal Ball seminar coming up!



"Good morning,

May's Las Vegas housing statistics tell us that we're on a real, not a false,
bottom.

Every market goes in cycles.  It is vital to understand when a cycle has
bottomed out.  The reasons we think Las Vegas is now on a real bottom are:

       1. SALES: Both new and existing home sales have traded in a narrow range
over the last four months. New home sales improved slightly to 1,756 and
existing home sales dipped slightly to 2,416 in May. 
       2. PRICES: Prices have remained relatively stable despite the sales
slowdown.  Existing home prices were off 3.5% (year over year) in May, but are
down a scant 0.5% for the entire year. ALL new home median closing prices dipped
3.7% in May but are ahead 1.1% for the year.  (If you look at just new single
family and condominium prices, the dip was 9.2% in May and 7.4% for the year).
       3. PERMITS:  New home permits are down 42.8% for the year.  May was off
21.2% to 1,595.  We have seen a slow rise in new home permits over the last
three months, but this is neither seasonal nor market driven.  The rise in new
home permits is in anticipation of new law which takes effect mid-fall.
       4. INVENTORY:  The one sour note in the improvement picture is inventory.
Existing home inventory climbed more slowly in May than it has in the recent
past but is still at the 25,282 mark - a record high.  The number of new home
subdivisions is also at an all-time high at 558.  That last number may be a
record for some time to come. Interestingly,  May saw an average of 3.15 sales
per subdivision, well below last year's numbers but ahead of April's figure
(with a lesser number of active new home communities).
       5. FORECLOSURES: Yes, the media keeps on telling us that Nevada leads the
nation in foreclosures.  But, the number of Las Vegas foreclosure sales may have
peaked in March and is moving downward.

If you've followed media (outside Las Vegas) this month, you know that this
market has been tapped to be the worst performer in the USA in terms of sales
and pricing in 2007.  Thus far, this market is performing at a much higher level
than the pundits suggest.

What outside observers tend to miss - and sometimes even local analysts - is
that this market is in the middle of a major transition.

Things are changing . and we think for the better!

The question is: How long before we return to "normalcy?"  That's the question
we'll try to answer at the July 19th seminar at Texas Station.  To register, go
to www.crystalballseminars.com.

Until then, remember what Captain Nemo said in the Jules Verne novel, "Twenty
Thousand Leagues Under the Sea":  When they reached the bottom of the Ocean, he
said, "We have no place to go but up."

See you July 19.

Respectfully submitted,
Larry Murphy        Steve Bottfeld
SalesTraq            Marketing Solutions

Posted by Steve Harless on July 2nd, 2007 12:06 PMPost a Comment (0)

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