With 5,000 people moving here each month, somebody had to spill the beans!

July 31, 2009

In episode 65 of the Living in Las Vegas Podcast, we did a show title, Living the Loft Lifestyle in Las Vegas.  In it, we featured three loft projects in the Las Vegas valley, one of which was Newport Lofts.  For those who remember the show, I was pretty impressed by the property.

Good thing I wasn’t too impressed.

At the time of the episode (February 2009), their entry-level studio loft (at about 912 square feet) was being offered at $199,000. . .which seemed reasonable considering they were once priced MUCH (2x I believe) higher.  I thought so highly of the Newport Lofts that I seriously considered purchasing one as a business investment.

Good thing I didn’t pull out my checkbook.

When I checked back with the website about two or so weeks after the show, the price for that studio loft had dropped an additional $20,000.  In two weeks.  And while that was psuedo-good news, it spooked me a bit as well- – -enough so that I decided against moving forward.  (There were other reasons as well, to be sure.  But the price dropping that much seemed a bit ominous.)

Good thing I spook easily.

I just saw today that 20 units (out of a total of 168) are being auctioned off, with a starting “reserve” price of. . .get this. . $90,000.  Can you imagine if you had invested in that property in February. . .or before?!? 


I wish I knew more about real estate and how to truly measure the soundness of a property like Newport Lofts.  Truth is, the potential of that property, with its amenities and location, seems very good.  But clearly, there’s more to it than that.

For those interested in the auction, here’s their flyer announcing the event [pdf].  It’s being help on August 29, 2009 at 3PM at the Renaissance Las Vegas Hotel.  (Wonder why they wouldn’t have the auction at the Newport Lofts?)

If I owned that entire property, I would look into converting it (or allowing for) commercial activity.  They would have to address the parking issue, but with those types of prices, imagine how quickly small business folks would snap those properties up.  It would great for artist/creative folks. . .and others as well.

Regardless, I sure hope this property makes it.  It’s beautiful and very well situated, just a few blocks south of Fremont street. 

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July 27, 2009

Today marks the seventh anniversary of one of the smartest decisions I’ve ever made: that is, getting married to Melissa (aka: wife 2.0, or, for those who listen to the show, my favorite Naughty Jelly Sweet).

We’re going to have dinner on the Strip tonight and celebrate both our nine years together and seven years of marriage.  I expect we’ll also toast to the fact that neither of us feel any kind of seven-year itch approaching!

Here’s a few pictures from the wedding:

done    P7270103 Doubletest

Besides the nuptial anniversary, a second fun anniversary is fast approaching as well: this Saturday (8/1/09) will mark our forth year living in Las Vegas.

It’s a good week!

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July 25, 2009

Melissa and I were hanging out at Aliante Station last night and while having a drink at the MRKT sea & land bar, we learned that they offer 1/2 off their menu (not including lobster and surf and turf) from Sunday through Thursday for those folks with a “Boarding Pass”.

Seems like a pretty good deal to me!

We’re definitely going to take advantage of that some time this week.  And although our last experience at MRKT was mixed (we gave it a half and half on Hot and Horrible), the food, when it arrived, was pretty good.

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July 17, 2009

She who will be named “Naughty Jelly Sweet” (ie; Melissa), has decided that this thing of ours will be producing a new episode this Sunday (7/19).

“But wait a minute, Scott”, you say to yourself, “Isn’t this too soon?  Why, it took 55 days between the last two episodes, and 90 days for the last three.”

Yes, I know.  Thanks for that observation.

But Melissa is the boss.  And if she wants to share, I want to share.  Besides, we got a very impressive voice mail on our listener line (206.312.0105) from one of our Living in Las Vegas Podcast listeners that we wanted to get out there muy-pronto.

So this Sunday (7/19) it is.  I expect I’ll have it ready for download before 11am (or after 2pm, depending on some scheduling stuff).

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