tag:blogger.com,1999:blog-8766234094964834734.post8301904225739399310..comments2023-12-24T07:05:02.222-08:00Comments on City Center Condo Deposit Group: LV Sun - August 15, 2009 - CityCenter gives condominium buyers hope for price cutsVoice of City Center Ownershttp://www.blogger.com/profile/17991441141283001916noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-8766234094964834734.post-49786686613432868322013-10-09T04:55:09.417-07:002013-10-09T04:55:09.417-07:00condominiums are all alike a house.I will definite...condominiums are all alike a house.I will definitely recommend this blog to everyone . Keep updating such type of interesting information with us.<br /><br /><br /><a href="http://www.rentinto.ca" rel="nofollow">Condo Renting Services Toronto</a><br />Kate Louisehttp://www.rentinto.canoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-52630774033257261632013-08-20T04:56:07.009-07:002013-08-20T04:56:07.009-07:00This seems to be an older post. I am preparing an ...This seems to be an older post. I am preparing an assignment regarding condos. Can you please provide with some new updates. Thanks for sharing.<br /><br /><br /><a href="http://www.rentinto.ca/services" rel="nofollow">Rental Search Services Toronto</a>Condo Rental in Torontohttp://www.rentinto.ca/servicesnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-34808618415300280712011-06-06T19:06:04.071-07:002011-06-06T19:06:04.071-07:00Oh' wish I can also have a unit there. Thanks ...Oh' wish I can also have a unit there. Thanks for sharing. <br /><br />-pia-condo in Philippineshttp://www.avidaland.com/properties.php?id=1564&Avida_Towers_Makati_Westnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-69478192615179464102011-04-23T07:23:06.502-07:002011-04-23T07:23:06.502-07:00Having read this material, I have learned for myse...Having read this material, I have learned for myself a lot of the new. Thankscollege boardhttp://www.collegeboard.org/noreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-63835677804191443372010-11-24T03:37:42.964-08:002010-11-24T03:37:42.964-08:00Hi, well be sensible, well-all describedHi, well be sensible, well-all describedcialishttp://www.agir-galiza.org/noreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-91755746661866421532010-04-19T09:44:58.045-07:002010-04-19T09:44:58.045-07:00CityCenter Condo owners can get information about ...CityCenter Condo owners can get information about the class action lawsuit at www.CityCenterCondoLawsuit.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-85675834936436471292010-01-13T20:14:48.387-08:002010-01-13T20:14:48.387-08:00I am concerned thinking about closing on the Manda...I am concerned thinking about closing on the Mandarin Condo in February. I am hearing that others during their walk review compare the quality of accessories to Target. My girl friend swears that the closet system is the same as a $19.99 closet package she saw at Target. Is this possible?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-65258554011104123962009-11-15T17:22:21.642-08:002009-11-15T17:22:21.642-08:00Why would the Vdara project be dead? The Mandarin...Why would the Vdara project be dead? The Mandarin is a hotel-condo project that will get completed. The Harmon would have worked if the economy survived AND if the builder didn't screw it up. Stopping The Harmon on the 15th floor (or whatever floor it is) is now a cost saving measure and probably a short sighted decision by a company that is flat broke and flat embarrassed over its many screw ups. But hotel with Condo is not a passing fad per se, it all depends on the management of the project and of course the availability of financing. <br /><br />Regardless, I wish all involved good luck and hope the problems get resolved. I am an interested prospective buyer trying to make a decision, but likely will not buy a unit in the next 12 months. I may buy one after completion, or, buy one in the after market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-92186077510105318942009-10-12T12:07:22.958-07:002009-10-12T12:07:22.958-07:00Robert, is it possible to still join this class ac...Robert, is it possible to still join this class action lawsuit?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-23288986270575192922009-10-12T12:04:37.885-07:002009-10-12T12:04:37.885-07:00Is anyone planning on legal representation? Has a...Is anyone planning on legal representation? Has anyone had any success in finding good representation, share with us your thoughts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-17301724696705160582009-09-21T04:47:43.921-07:002009-09-21T04:47:43.921-07:00I think condominiums are meant to be house at affo...I think condominiums are meant to be house at affordable prices. Condominiums are the only life savior market of real estate sector. Real estate agents need to work on its prices so that they can get better results or sales out of it.<br /><b><a href="http://www.savingsaccountratesinfo.com/" rel="nofollow">Best Savings Account Rates</a></b>Bad Credit Motorcycle Loanshttp://www.motorcycleloansnow.com/noreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-28999577965716953912009-09-17T10:22:34.099-07:002009-09-17T10:22:34.099-07:00I strongly support the viewpoint that with decreas...I strongly support the viewpoint that with decreased market value real estate brokers should reduce their prices in order to sell out their condos or apartments.<br /><b><a href="http://www.savingsaccounts411.com" rel="nofollow">Wamu Online Banking</a></b>Highest CD Rateshttp://www.highestcdratesinfo.comnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-41634578152488307582009-08-25T01:05:06.558-07:002009-08-25T01:05:06.558-07:00The only option that would make sense for Vdara is...The only option that would make sense for Vdara is if its contract holders are given the option to transfer their deposits to purchase in Veer or Mandarin Oriental or otherwise refund their deposits in full. The reality is that it is nearly impossible to obtain financing on a condo-hotel unit. Those that end up closing will be very few. Price adjustments will spiral downward in an attempt to close more sales penalizing those that honor their contracts and further weakening property values of other units at CityCenter and other strip properties.<br /><br />And from MGM Mirage's perspective, running a condo-hotel will prove to be a loss in the long run and is not a viable option for a successfully operating luxury hotel.<br /><br />The condo-hotel concept was brought to Las Vegas by short term thinking on the behalf of the developer and will end up being a long term liability and ultimately a huge detriment to MGM Mirage.<br /><br />Those executives that don't see this as the right thing to do, don't fully understand the condo-hotel concept and it's affect on cash flow and operations, as well as the long term negative consequence to CityCenter property values.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-88889726741647369332009-08-19T19:15:50.954-07:002009-08-19T19:15:50.954-07:00the city center executives need to realize that th...the city center executives need to realize that the market value for their condos has collapsed and the prices on existing contracts need to be reduced by a minimum of 53%(the official las vegas drop in home prices from their 2006 peak to now) in order to sell them as quickly as possible without lawsuits, mediations, court involvements,arbitrations, delays, demands for deposit refunds, or complaints to government agencies or negative news in the media. if that is not an option for them, then they need to refund all buyer deposits and start their marketing all over again within the economic situation facing them now. <br /><br />many mistakes have been made by city center--from hiring building inspectors/engineers who admit that they cannot read a building blue print(which caused all of the harmon condos being put at risk of falling down), to creating doubt as to the structural integrity of all of the buildings in city center, to being a half hour away from filing for bankruptcy, to not having their financing all arranged in advance, to having to delete the harmon condos from the development after building a beautiful model home for it, to changing the profile of the development from its original design, to adding one additional year to the construction completion date for the harmon hotel due to incompetent oversight, to not knowing that the hotel condo concept was just a failed passing fad during an extraordinary boom time, to choosing ugly urine yellow exterior building facade panels for the two smack at center veer towers, to using contracts that were completely one sided all in favor of city center and refusing to make even one minuscule buyer requested change, to having the sales staff stating that these condos are a great buy that will appreciate by the time they have been completed (if instead they had said these condos will fall in value by the time they are completed then no one would have bought).<br /><br />so now city centre needs to take their losses by realizing that all that has happened are not the fault of the buyers with deposits but mgm mirage's own actual negligence for not asking "what if" type questions of themselves before starting such a huge development all at once, instead of in phases-- so that they would have been prepared to handle the problems caused by the bungling of the persons in their organization and the companies under their control.<br /><br />under the force majeure clause inserted in each contract by city center--they would be excused from performing under the contracts by just exercising the force majeure clause--- if they for example could not have built the buildings for some reason that was out of their control (wherein they would have had to refund the deposits); however under the circumstances, the buyers must be excused from performing (and receive a refund of their deposits) for all of the things that have happened, including as well the fact that normal financing for condos is virtually unavailable(whats good for the goose is also good for the gander).<br />So, if city center does not want to refund the buyers deposits, then it should strongly consider lowering all prices by 53%, get the buildings filled up with buyers, collect the monthly homeowner fees, and management fees; instead of fighting the buyers and leaving the buildings empty and without the cash flow coming in, and with negative news headlines (none of which helps the buyers or city center). <br />we need city center to create a win win situation instead of a protracted ordeal many years long. <br /><br />lets hope that the city center executives see all of their mistakes, accept their losses, and be guided toward a positive ending.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8766234094964834734.post-45728485825033832052009-08-16T15:42:20.544-07:002009-08-16T15:42:20.544-07:00READERS PLEASE NOTE:
2009 Class Action Lawsuit
Fil...READERS PLEASE NOTE:<br />2009 Class Action Lawsuit<br />Filed against MGM-Mirage City Center Broker of Record Robert Hamrick et al<br />in the State of California.<br />Superior Court of California<br />County of Santa Clara<br />Filed: January 2009<br />case # 1-09-cv-133357<br />Against Robert Hamrick, Shayna Goldstein and Global Property Networks<br />*PLEASE ALSO BE ADVISED:<br />This Class Action Lawsuit deals specifically with the illegal sales of more than three hundred (300) condominiums in Las Vegas by City Center's Broker of Record Robert Hamrick and his agent Shayna Goldstein.<br />Bobby Baldwin, Hamrick and most egregiously, the MGM-Mirage City Center Board of Directors and their corporate lawyers (Snell and Wilmer) are fully aware, and have (since 2006) been fully aware of these illegalities and have done nothing to protect Buyers at City Center against their Broker of Record Robert Hamrick.<br />This is the same corporate procedure and strategy (deception) used in the 2008 Lanni resignation. MGM did nothing to inform Shareholders that their con-man Chairman of the Board, Terri Lanni had lied for years about his credentials. Only when Lanni's perpertration of resume fraud had been "outed" to the Las Vegas press by an independent corporate investigator DID MGM take action. Same deceptive drill here just a different day.<br />Buyers of the MGM City Center condos' should call FORWITH upon Jim Murren , Bobby Baldwin(whom we all know is holding a losing hand at CITYCENTER buts want the Buyers to take the hit for him) and demand out of their contract based on the legal fact that Hamrick sold property illegally and should not be representing them in the transaction as a legally licensed Nevada Broker.<br />Bobby Baldwin and the executives should come clean and cashier Hamrick for the illegalities by himself and Goldstein in the State of California where they have never held a California license yet sold hundreds of Las Vegas condominium properties<br />the web page to look at the case in California Superior Court in re: Hamrick is:<br />http://www.sccaseinfo.org/civil.htmUnknownhttps://www.blogger.com/profile/03694184712741608358noreply@blogger.com