Another Las Vegas condo tower has halted operations. "The $3 billion Las Ramblas luxury condominium-hotel project backed by actor George Clooney is no longer taking reservations at its sales office on Convention Center Drive. 'The sales office is not closed,' Related Las Vegas President Marty Burger said Tuesday. 'There are lots of rumors. Don't believe everything you hear. When something is concrete, we'll call you. I can't talk about it now. Sorry.'"

"Related canceled its twin-tower Icon project on Convention Center Drive earlier this year and pulled out of a proposal to develop the 61-acre parcel in downtown Las Vegas. When he announced Icon, Related CEO Jorge Perez said he'd 'never given a project back to the bank.'"

"'Rumors are flying and I know that,' Jim Stuart, principal of Centra, responded to an e-mail inquiry about the status of Las Ramblas. 'I think we will have some answers that I can publicly put out in a week or two. Right now, it is all speculation.'"

"Owner Peter Morton planned to add 1,500 condominium and hotel units to the Hard Rock in a project called the Residences, Flats and Bungalows. That project has also been put on hold while Morton negotiates a sale of the Hard Rock."

And an update on the recently halted Curve project. "Paula James, vice president of the Curve, said sales have been suspended, but the project has not been canceled. Developers had a 180-day contingency period to reach 75 percent presales required for financing and failed to meet that goal, she said."

"Most lenders want to see at least 60 percent in presales before signing off on financing. 'It (presale percentages) kept going up as the media got more negative,' James said. 'The number kept going up as other properties continued to not be built. It just made lenders nervous.'"

"Bob Joseph said he liked the looks and location of the Curve, but he didn't like the contract. The deal, he said, allowed the developer to change the floor plan specifications and required the buyer to pay the escrow fee and seller's tax. 'That's when I started to say it's not the right deal,' he said. 'We were looking at it as a rental. If there's going to be a glut of condos built in Las Vegas, it's not going to be a seller's market.'"