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Extraction Summary

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People
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Organizations
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Locations
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Events
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Relationships
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Quotes

Document Information

Type: Real estate property overview
File Size: 1.58 MB
Summary

This document is a real estate overview for The Residences at Mandarin Oriental in Las Vegas, developed by MGM Resorts. It analyzes the strong demand for luxury condominiums on the Las Vegas Strip and provides a table of active and recently sold units, with sale dates ranging from December 2014 to May 2015. The footer 'HOUSE_OVERSIGHT_018789' suggests it is part of a larger set of documents from a congressional committee, though the content itself does not mention Jeffrey Epstein or any related individuals.

Organizations (3)

Name Type Context
MGM Resorts
Listed as the developer of The Residences at Mandarin Oriental.
The Residences at Mandarin Oriental
The condominium building being profiled in the document.
House Oversight
Implied by the document identifier 'HOUSE_OVERSIGHT_018789' in the footer, suggesting it may be part of a collection ...

Timeline (4 events)

2014-12-31
Sale of a 2-bed/2-baths condominium unit for $2,900,000.
The Residences at Mandarin Oriental, Las Vegas
2015-03-23
Sale of a 3-bed/3-baths condominium unit for $5,400,000.
The Residences at Mandarin Oriental, Las Vegas
2015-03-31
Sale of a 3-bed/3-baths condominium unit for $3,800,000.
The Residences at Mandarin Oriental, Las Vegas
2015-05-20
Sale of two condominium units: one 3-bed/3-baths for $3,875,000 and one 2-bed/2-baths for $3,400,000.
The Residences at Mandarin Oriental, Las Vegas

Locations (3)

Location Context

Key Quotes (2)

"With an increase in demand for luxury living accommodations in Las Vegas and a 100% sell out of the existing supply of recently delivered residential units, condominium prices have increased dramatically."
Source
HOUSE_OVERSIGHT_018789.jpg
Quote #1
"The depth of demand far exceeds the amount of new supply forecasted over the next five years."
Source
HOUSE_OVERSIGHT_018789.jpg
Quote #2

Full Extracted Text

Complete text extracted from the document (1,661 characters)

Multifamily Housing and Condominium Overview
With an increase in demand for luxury living accommodations in Las Vegas and a 100% sell out of the existing supply of recently delivered residential units, condominium prices have increased dramatically. The depth of demand far exceeds the amount of new supply forecasted over the next five years. In addition, the economies of scale associated with new residential, retail, hotel and office development on the Las Vegas Strip will only elevate the overall appeal of Strip living - and in turn push condominium values higher.
THE RESIDENCES AT MANDARIN ORIENTAL
3740 S. Las Vegas Blvd
DEVELOPER: MGM Resorts
SUBMARKET: The Strip
YEAR BUILT/SELLOUT: 2009
NUMBER OF HOMES: 225
STATUS TYPE SIZE SF LIST PRICE LIST PSF SALE DATE SOLD PRICE SOLD PSF HOA FEES
ACTIVE 3-BED/3-BATHS 3,922 $5,950,000 $1,517 - - - $3,173
ACTIVE 2-BED/2-BATHS 2,998 $3,300,000 $1,101 - - - $2,765
ACTIVE 2-BED/2-BATHS 2,998 $2,799,888 $934 - - - $2,535
SOLD 3-BED/3-BATHS 5,628 $5,400,000 $959 3/23/15 $5,400,000 $959 $5,628
SOLD 3-BED/3-BATHS 3,922 $4,750,000 $1,211 5/20/15 $3,875,000 $988 $3,344
SOLD 3-BED/3-BATHS 3,980 $3,975,000 $999 3/31/15 $3,800,000 $955 $3,386
SOLD 2-BED/2-BATHS 2,755 $3,400,000 $1,234 5/20/15 $3,400,000 $1,234 $2,512
SOLD 2-BED/2-BATHS 2,755 $2,900,000 $1,053 12/31/14 $2,900,000 $1,053 $2,575
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HOUSE_OVERSIGHT_018789

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