LAS VEGAS GOES FAST Centex Destination Properties Confirms Commitments for 75 Percent of Released Units in Three Days

Centex Destination Properties’ Urban Village-Las Vegas (www.urbanvillage.com), located on the South Strip, continues to build momentum. Over one weekend, buyers staked their claims to $55 million in units of The Brownstones, the initial phase of Urban Village. Reservations for approximately 75 percent of the first release of The Brownstones were converted to contract offers from Friday, July 21 through Sunday, July 23.

(PRWEB) August 22, 2006 -- Centex Destination Properties’ Urban Village-Las Vegas (www.urbanvillage.com), located on the South Strip, continues to build momentum. Over one weekend, buyers staked their claims to $55 million in units of The Brownstones, the initial phase of Urban Village. Reservations for approximately 75 percent of the first release of The Brownstones were converted to contract offers from Friday, July 21 through Sunday, July 23.

Urban Village-Las Vegas embraces a new category of resort style living on the South Strip. When completed, The Brownstones’ planned amenities include a neighborhood commons, pet play areas, a rose garden, meandering walkways, a bocce ball court, outdoor grills and swimming pools, among other amenities.

“Urban Village is a great example of the new trend in Las Vegas towards urban-style living described in my book, Manhattanizing Las Vegas,” said real estate expert and consultant Paul Murad. “Consumers in Las Vegas want to live more like people in other major urban cities around the country. They want a neighborhood where they can not only walk their dogs and gather with their friends, but also have quick, easy access to the energy of the city. Urban Village will offer this lifestyle and has the expertise of a proven resort developer behind it.”

About Centex Destination Properties
Centex Destination Properties (www.centexdestinationproperties.com) develops luxury second-home and resort communities in the continental United States and Hawaii. Centex Destination Properties is part of Dallas, Texas-based Centex (NYSE: CTX), one of the nation’s leading home building companies. Centex operates in major U.S. markets in 25 states and delivered more than 39,000 homes in the United States in its most recent fiscal year ended March 31, 2006.

In addition to its home building operations, Centex’s (www.centex.com) related business lines include mortgage and financial services, home services and commercial construction. These businesses provide operational or financial support to home building operations and are leaders in their respective industries. Centex consistently ranks among the most admired companies in its industry, according to FORTUNE magazine.

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