Monday, June 04, 2007

Las Vegas Real Estate News 6/03/07

Las Vegas Real Estate News


What’s a REIT?

Posted: 04 Jun 2007 07:53 AM CDT

A Real Estate Investment Trust (REIT) is a publicly traded company that purchases and manages income generating properties such as offices, apartments or shopping malls. For tax purposes, a REIT is classified as pass-through entities, meaning that they are free from tax at the corporate level.

To be classified as a REIT, a real estate company must pay out at least 90% of its taxable income to its shareholders in the form of dividends. Individuals are then taxed on those dividends as normal income, not at the lower rate for stock dividends. For more specific tax information, check with your accountant.

REITs are attractive to many investors because they are a distinct asset class that offers exposure to real estate without the hassle of directly owning and managing property.

World Jewelry Center Interest on Pace

Posted: 04 Jun 2007 04:00 AM CDT

LAS VEGAS-The developer behind the planned 50-story commercial and residential condominium tower and adjacent retail center expects to meet the city's rapidly approaching deadline.

Colorado enacts bills to combat mortgage fraud, foreclosures

Posted: 04 Jun 2007 07:00 AM CDT

Conduct of mortgage brokers, title insurers addressed

The blogging series: Lockhart Steele

Posted: 04 Jun 2007 07:00 AM CDT

An Inman TV interview

Tennessee governor signs bill banning cash rebates

Posted: 04 Jun 2007 07:00 AM CDT

Realtors backed legislation that drew DOJ opposition

'Small' Book on Architecture Makes a Big Impression

Posted: 03 Jun 2007 11:00 PM CDT

June Fletcher on why people's cluttered homes and overstuffed schedules could benefit from the advice in architect Susan Susanka's latest book.

Amateur Decorators Post Their Work on Design Sites

Posted: 03 Jun 2007 11:00 PM CDT

Homeowners are increasingly turning to online outlets and forums where strangers weigh in. Sometimes, the assessments are brutal.

Johnny Damon Lists Condo in Manhattan

Posted: 03 Jun 2007 11:00 PM CDT

The Yankees center fielder and his wife are asking $8.2 million for their apartment, close to 50% more than they paid last year.

Falcon Ridge Custom <b>Estate</b> Lots Remain At The Ridges In Summerlin

Posted: 03 Jun 2007 10:32 AM CDT

Tags: Las Vegas Real Estate, Summerlin Real Estate, Summerlin Nevada Real Estate News, Summerlin Las Vegas News, the ridges, the ridges summerlin, falcon ridge summerlin, falcon ridge, summerlin, mesa village, summerlin las vegas, ...

Blasphemers! (or, is a house a liability rather than an asset?)

Posted: 04 Jun 2007 12:50 AM CDT

If you're most people, however, not a real estate "investor," but just a person looking for a place to live, you have a different set of math. Most people have been bamboozled into thinking that they were truly "throwing away" money on ...

Manhattan West <b>Las Vegas</b> Condos Is A Mixed Use $350 Million Project

Posted: 28 May 2007 10:11 AM CDT

Tags: Las Vegas Real Estate, Las Vegas News, Las Vegas Condos, manhattan west, manhattan west las vegas, las vegas condos, condos for sale in las vegas, las vegas mixed use, las vegas commercial real estate, las vegas condominiums ...

Verge <b>Las Vegas</b> Condos Downtown <b>Vegas</b> Has Limited Time $2000 Deposit

Posted: 29 May 2007 03:54 PM CDT

Tags: Las Vegas Real Estate, Las Vegas News, Las Vegas Condos, verge, verge las vegas, verge condos, downtown las vegas, las vegas mid rise, las vegas condos, condos for sale in las vegas, las vegas mixed use (Comments)

Milam Tower 1888 Foot <b>Las Vegas</b> High Rise Condos Project Continues

Posted: 27 May 2007 05:48 PM CDT

Tags: Las Vegas Real Estate, Las Vegas News, Las Vegas Condos, milan tower, las vegas condos, condos for sale in las vegas, las vegas condo, wet n wild, wet n wild las vegas, las vegas strip (Comments)

Street View zooms in on Las Vegas; ACLU calls images fair game

Posted: 02 Jun 2007 03:57 PM CDT

Forget the airport. Internet users anywhere can click their way to a free trip to the Strip, minus the trip. Whether that's a good thing is up for debate.

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Deal could lead to Elvis-themed casino

Posted: 02 Jun 2007 03:55 PM CDT

New York-based entertainment group CKX, which controls the late singer's image, announced Friday it was paying $100 million for a 50 percent stake in FX Luxury Realty, part of a group has a 13 percent stake in Riviera Holdings Corp. and a separate investm

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State sales increase 4.1 percent

Posted: 02 Jun 2007 03:54 PM CDT

Neither higher taxable sales nor lower budget expectations could nudge a key revenue indicator beyond previous forecasts, a Friday report said.

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Calendar Of Conventions In <b>Las Vegas Real Estate</b> June 12 - 18 2007

Posted: 02 Jun 2007 10:21 AM CDT

Tags: Las Vegas Real Estate, Las Vegas News, Las Vegas Casinos, Las Vegas Convention Calendar, calendar of conventions in las vegas, las vegas convention, las vegas conventions, las vegas conventions calendar, las vegas casinos, ...

Trump Towers <b>Las Vegas</b> Tower 1 Topping Off Event With Donald Trump

Posted: 28 May 2007 03:31 PM CDT

Tags: Las Vegas Real Estate, Las Vegas Condos, Las Vegas Construction News, Trump Towers Las Vegas, trump, trump tower, trump towers, trump international towers las vegas, las vegas trump towers, the apprentice, las vegas condos, ...

City Crossing <b>Las Vegas</b> Mixed Use <b>Real Estate</b> $2 Billion Development

Posted: 23 May 2007 10:31 AM CDT

Tags: Las Vegas Real Estate, Henderson Real Estate News, Las Vegas Construction News, city crossing, las vegas real estate, las vegas commercial real estate, henderson mixed use, las vegas mixed use (Comments)

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