Ron Costa

This just came into my office from one of our contacts down in the Dallas Forth Worth area of Texas. It's a 200 acre parcel of land in an amazing location just waiting for the right developer. And it's priced right as well.

View the details at www.dfwtexasland.com

Brokers are welcome on this project, so if you are looking for a Land Development Opportunity in the Dallas Forth-Worth area of Texas, then you need to look at this 200 acre parcel situated in close proximity to the Dallas Forth Worth Airport and adjacent to major highways -- A Texas land developer's dream!

Call Frank toll free at 866-363-4657 for info or send an email here.

What happens when you let a software engineer develop a high profile Las Vegas condo project? You end up with a non-completed mid-rise eyesore where the developer faces more than $30 million dollars in liens attached to his Las Vegas condo development.

Now developer and former computer dot-commer Alex Edelstein says he's looking for investors to help him finish the job. His lien holders, however, say he's no where to be found and won't return phone calls. There's nothing worse than a developer who doesn't know how to develop and that seems to be the case with the ManhattanWest project.

But Edelstein surely isn't the only one to blame for this yet another Las Vegas condo fiasco. It seems construction issues had become quite severe during the entire build - and no one caught them until ManhattanWest's project manager finally started to investigate, finding some 58 building code violations that hadn't been resolved in over 18 months!

With faulty structural concrete and an inadequate fire safety system that was installed by unlicensed subcontractors that did not meet code requirements, Manhattan West turned to E&E Fire Protection who then saw an easy score and (rather than make some modifications) decided to replace the entire system and is now owed about $3 million.

Then there's Hydro Pressure Cleaning, a company that charged the project $500,000 for seismic repair on concrete columns. $500,000 for a third party construction service!!!

And by the way, where were the Clark County building inspectors during all these violations? How could the project have come this far to begin with?

Now I don't blame Edelstein for not paying for sub-standard work or excessive bills, but it seems to me he should have performed a complete audit on what was going on with his development - a process that all the big timers do all the time.

With this kind of followup, I'm afraid it's going to be difficult for him to find the "bona fide" investors he's looking for to bring real offers to the table and get the money needed for project completion. I'm reminded of OJ looking for the "real killers"...

If you're one of those high rise condo or mid rise condo investors who bought into this ManhattanWest project (or the original Manhattan Project on the South Strip for that matter), please contact me for a special investment update. (name and phone number please)

To put it mildly, I'm simply amazed! I know times are tough and all - and many real estate companies are struggling just to stay in business. But how amazing is it that our office is the ONLY Las Vegas real estate brokerage exhibiting at this year's REMAX Internation Convention?

And for those of you who aren't aware, the conference is actually being held... IN LAS VEGAS!!! It's not like other offices had to even travel to get here. Like I said, I'm just amazed. Not disappointed, mind you, because although attendance at this year's event is noticeably down, the people who've stopped by our booth to talk to us and the connections our office has already made at this event has been outstanding.

People have actually stopped by asking about referring clients to us who are interested in buying Las Vegas real estate. We've gotten inquiries on Las Vegas foreclosure bargains, Las Vegas investment properties, and - believe it or not - Las Vegas high rise condos. It's nice to be the only game in town (or at least at the MGM Convention Center for 4 days!!!)

In fact, an agent in our office just set an appointment this afternoon to tour Turnberry with a perspective high rise condo client who just visited our booth this morning. Yesterday alone, we added about 50 people to our investor database and one agent got a lead on a institutional buyer for a 12 million dollar land deal.

I wonder how many of these potential clients we would have received if we had any competition at the show. Viva la recessionne!

Click here to view our latest batch of Las Vegas foreclosure bargains. There are 16 Vegas foreclosure deals featured at this link. The prices on these Las Vegas condo foreclosures range from $71,500 to a high of just over $300K and are priced to move immediately.

In fact, you'll find 5 Las Vegas foreclosure bargains under $100K as well as another 6 under $200K. Browse the list, find the foreclosure deal (or deals) you're interested in, and contact us right away (name and phone number for a response) or call 702-499-0432 so we can get you started with more information regarding these foreclosure opportunities.

The 2009 RE/MAX International Convention will be held next week at the MGM Grand Convention Center from Monday, March 2nd through Thursday, March 5th. Our office will be exhibiting at the event to talk to agents and customers about Las Vegas high rise condos, foreclosure investing, cash flowing commercial investment opportunities and the Las Vegas real estate marketplace in general.

In addition, we'll be doing interviews at the show for inclusion on the Vegas Convention Videos website, which showcases videos taken at various conventions and tradeshows to a targeted audience based on a variety of specific keywords. Visit www.vegasconventionvideos.com for more information on a very useful (and free) resource.

If you're attending the show, contact me and let me know - and perhaps we can get you on video to talk about your company, products, and services.