Panorama Tower North, was the third of three high rise condos in Las Vegas built during the boom. Unfortunately the final one didn’t make it to market and was foreclosed on in 2009. But a California investment company has picked the property up and is on the move to rehabilitate the building and put the properties back on sale.
People have a little more freed up cash these days and a lot of these properties are going to people who are looking for a second home, a vacation condo in Las Vegas if you will. Prices for the properties are anywhere from $250,000 to several million dollars.
The western part of the United States was particularly hit by the recession, but the smart money seems to be flowing back here. Building is not as strong, though we do see improvements in that sector as well, but the available properties are the ones to watch out for.