Word: condos
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Dates: during 2000-2009
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...government is seeking forfeiture of Gonzalez's Miami condo, his BMW, a firearm, a currency counter and nearly $1.7 million in cash...
...most expensive real estate in the country. I pass three more abandoned sites - 63 empty steel floors of the Fontainebleau, a sad unfinished shell that was supposed to be Caesars Palace's Octavius Tower and two cranes halted on a structure that was supposed to be a St. Regis condo building. I then drive up to where the New Frontier was razed to build a resort modeled on New York City's Plaza Hotel. It's just a dirt wasteland, so ugly that Wynn planted a row of trees so his hotel guests wouldn't stare at it from their...
...recession will be in commercial real estate - and once again, Las Vegas is headlining. Even worse, the bottom fell out as casino owners were building, so a number of them couldn't replace construction loans with the financing that was once readily available to complete and open hotel-condo-casino projects. Deutsche Bank foreclosed on the $3.9 billion Cosmopolitan Hotel; only it couldn't find a buyer, so the bank is in the odd position of owning a casino - though given the way banks have operated in this decade, that seems like a logical business extension. Meanwhile, Station Casinos, Tropicana...
Leaving the condo with the sale apparently finished, Boemio drives into a huge subdivision in western Las Vegas, one of the hardest-hit areas. The houses look nice enough, but every third one has a for-sale sign, and there are almost no cars in any of the driveways. She picks a house at random, and we go to the back. She figures the odds are high that a squatter has left a door or window open. Indeed, the bathroom window has already been pried open, and the screen is bent, so I bend it a little more and squeeze...
...Seaside Condo in Brazil This multisuite condo near São Paulo has an infinity pool and a dry sauna Will swap for: A house in Jackson Hole, Wyo., or Hawaii Where it's listed: HomeExchange.com, a 17-year-old site whose membership (at $99.95 annually) is up 34% this year...