[redroset]

What is the story on Juhl Lofts.

[johnny13oi]

I am also curious about this. How is the safety around there and how are the parking accommodations as well as break in frequency in the units as well as cars?

[redroset]

I haven't heard much about Juhl. Are they still selling or renting. Any info would be appreciated.

[logline]

I went in to look at a unit a while back. The neighborhood alone kept me from going back. Yuck.

[lvoc]

Las Vegas Weekly did a piece a couple of months back....

After a tough stretch, Downtown

I don't think the neighborhood particularly bad. More barren.

[007 license to sell]

Juhl was purchased a few years back by the real-estate division and sat empty for the most part except for a few people that closed. They have just now turned all of the remaining condo's into rental units.

I posted this link earlier on another blog but this does address what is happening to Julh along with all the other highrise condo's in town.

[007 license to sell]

Originally Posted by 007 license to sell

Juhl was purchased a few years back by the real-estate division and sat empty for the most part except for a few people that closed. They have just now turned all of the remaining condo's into rental units.

I posted this link earlier on another blog but this does address what is happening to Julh along with all the other highrise condo's in town.

OOPS!! Here's the link:

Tight supply limits sales of high-rise condos in Las Vegas

[lvoc]

As far as tight supply goes not for the condos. I just did Turnberry Towers, The two Panoramas and the Martin. Got 183 sales in the last year with 73 for sale. So around 5 months of inventory. There is no price rise in those places since the first quarter.

The condo hotels may be doing better.

[007 license to sell]

Condotels, are not for everyone it's a glorified time share the only thing different is that you own the unit. Each condotel has it's pro's and con's and if a person wants to live in the unit year round it could be more costly due to the extra fees that some charge that aren't disclosed in the mls generally.
Also with a regular highrise you won't have different neighbors nightly. In a condotel you will have people running up and down the halls in the middle of the night and loud partying. In a regular highrise that isn't tolerated.
Besides not everyone wants to live in a condotel after all it's a hotel and if you put it in the rental pool there is no guarantee what kind of revenue it will generate. It's unrealistic to think a person is going to make allot of money off of their units if they are in the rental program.

Also if you do put it in the rental pool there are risks regarding tourists damaging the units yes there are reserves a owner pays into each month to fix or replace items damaged. An owner must have the same furnishing as all the other units a person can't go out an buy just any furnishings. There is a reserve fee that isn't always included in the hoa you see in the mls, that can be a separate charge.

Also some properties their maintenance fee is extra not included in the monthly hoa/cam fee in some hotel properties. There is one condotel that the owner can only stay in their unit a total of 60 days a yr. The pricing will be different in a condotel v/s a regular highrise.

I am not trying to discourage anyone from purchasing a condotel it's just a different animal.. Comparing and condotel to a regular highrise is like comparing apples to oranges.