Wet N' Wild Returns to Las Vegas

After an absence of several years, Wet N’ Wild is now returning to Las Vegas.  Unlike the original water park, which was located on the north end of the Strip, the new location is on the south side of the city by the 215 beltway and Fort Apache.  The largest water park in Nevada will feature 25 attractions including water slides, tube rides, a wave pool, a lazy river, and a children’s area.  

Although the scorching summers would appear to make Las Vegas the perfect location for a water park, the city has not had a full-scale public water attraction since the first Wet N’ Wild closed its door in 2004 after 20 years in business.  The delay in developing a new park to take its place appears to lie mainly with the difficulty in obtaining water rights in the Las Vegas valley.  In the harsh Las Vegas desert, water rights are one of the most coveted, and expensive, commodities.

Ultimately, a joint venture featuring funding from notable sources like Andre Agassi and Steffi Graf, Dr. Steven and Karen Thomas of the Thomas and Mack family, and Australian entertainment conglomerate Village Roadshow Ltd. were able to raise the more than $50 million needed to develop the park.  The Howard Hughes Corporation will provide the lease for the land on which the park is strategically placed.

We certainly view this new major development as another sign that business as usual is returning to normal in  the Las Vegas area.  Las Vegas has historically boasted a high growth rate because of its diverse employment opportunities generated by the ever-increasing numbers of tourists visiting the town each year.  Rental housing continues to be a great investment in Las Vegas with historically high cash flow spreads.

Wet N’ Wild is scheduled to open Memorial Weekend 2013.

Chinese New Year Brings Prosperity for Real Estate Investing

This Sunday, February 10th marked the beginning of the Chinese New Year.  This Year of the Snake is looking to be a BIG year for real estate, as the water fire element brings prosperity to earth and metal industries like property and hotel.  

The yin to last year's Dragon yang, snakes are wise, dynamic, alert to new opportunities and potential for adventure. With water on top and fire below, this year is one of positive changes, movement and progress.

At Vegas International Properties, we cater to overseas investors and have had the privilege of working with many Chinese buyers over the last three years.  One of the greatest concerns of international investors is how to manage their investment properties in the U.S.  We offer a full service property management division and we know what it takes to keep renters happy and landlords care free.  Because we work directly with investor buyers to find and purchase their investment properties, we know what investors are looking for and we know how important property management is to the process.   That’s why we keep our property management division in house.  We are able to directly supervise all aspects of the management process, from rent collection to maintenance, and make sure that everything flows smoothly for our investor clients.

The Year of the Snake will be a busy travelling year for many wealthy Chinese and an auspicious time to move and relocate.  If you are looking for a second home or vacation home in Las Vegas, we would love to provide you with a suite at the MGM Signature Hotel and Condos while you tour the city with one of our knowledgeable agents.  We extend the same offer to our international guests who are coming to Las Vegas to search for potential real estate investments.

Contact Glenn Plantone directly at Team Plantone - VIP Realty if you are interested in learning more.