Word: condos
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...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...
...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...
...York, London and San Francisco are some of the most popular destinations, swappers need not live in major metropolitan areas or palatial splendor to luck out with great swaps. Exhausted urban residents who need a break from the hubbub may be more than willing to swap their fabulous condo for a lakeside cabin in the middle of nowhere. "It may be a little bit tougher to find someone if you live in Nebraska than if you live in France," DiCaprio said. But it can be done. "Sell its virtues: kayaking, hiking over trails, trout fishing, some festival in summer...
Floridians are generally not flummoxed by the variety of reptile species that invade their state. Even when pythons started turning up on the peninsula in large numbers a few years ago, most residents laughed off the huge, not-native snakes as yet another imported nuisance, little worse than some condo developers...