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 November 1, 2004 Gemstone Development Announces Sales of Silverado Stake Swap transaction to Yield Multimillion Dollar Gain (Las Vegas, NV) - Gemstone Development announced today that it has completed a swap with Diversified Real Estate Group in which Gemstone increased its stake in the Manhattan Condominums and sold its stake in the 49-acre Silverado parcel. "Although we only held a stake in this land parcel for a very short time, we were able to realize an impressive gain, which we'll reinvest in new Gemstone Development projects," said Alexander Edelstein, Gemstone Development CEO. Gemstone Development is the developer of Manhattan Condominiums, which brings urban convenience, luxury and style to Las Vegas Boulevard, but delivers it at a surprisingly affordable price point. Manhattan's unique luxuries include an expansive and elegantly-landscaped Central Park, a multi-million dollar clubhouse, full-service concierges, a high-tech screening room with DVD library, and rich wireless Internet connectivity. Sales for the Manhattan Condominiums will occur only by appointment. To register for an appointment, interested individuals can register on the web at www.manhattanlv.com or by calling the sales office at 702.893.2663. Gemstone Development is the developer of the Manhattan Condominiums, one of the most anticipated projects in Las Vegas. Gemstone was founded by Alexander Edelstein and is committed to creating stylish, tasteful condominium housing. For more company information, visit the Gemstone Development website at www.gemstonedev.com or dial 702-614-3193 Contact: Gemstone Development 702.614 3193 Back to the News page |
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