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Infinity Acquires Grandview and Sunwood Communities, Rebrands Them Viridian and Topaz

Infinity Acquires Grandview and Sunwood Communities, Rebrands Them Viridian and Topaz

Infinity Realty Advisors recently announced that it has acquired the Grandview and Sunwood apartments in Las Vegas, in what is the largest deal of its kind completed in Las Vegas this year. The new owner is a joint venture created between Asia Pacific Company and Jiangxi Hengmao Real Estate Development…

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Doors Open at WestCorp Management Group’s New 308-Unit Apartment Community

Doors Open at WestCorp Management Group’s New 308-Unit Apartment Community

WestCorp Management Group announced the official grand opening of its newest apartment community in Southern Nevada.…

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Penn Buys Tropicana, Makes Debut on Strip

Penn Buys Tropicana, Makes Debut on Strip

One of the Las Vegas Strip’s most representative properties was recently acquired by Penn National Gaming. The company has agreed to purchase the Tropicana Las Vegas, and is now set to pay a total of $360 million to shareholders, with the largest stake belonging to a partnership between Onex Corp.…

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Kennedy Wilson Adds Brokerage Expertise

Kennedy Wilson Adds Brokerage Expertise

Kennedy Wilson has announced the hiring of Las Vegas market expert and 30-year industry veteran, Greg St. Martin. The global real estate investment and services firm has added St. Martin on the position of vice president, in order to strengthen the company’s position in the Las Vegas market. St. Martin…

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Agora Realty Buys Fiesta Plaza

Agora Realty Buys Fiesta Plaza

The Fiesta Plaza retail center in North Las Vegas was recently acquired by West Coast-based entity Agora Realty & Management. The buyer paid the private seller a total of $12,950,000 for the grocery-anchored shopping center, and then subsequently signed on a brand new tenant on a ten-year lease. It was…

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KB Home Rolls Out Plan for Latest Community

KB Home Rolls Out Plan for Latest Community

On the back of a solid home buying month in the Las Vegas area, KB Home recently revealed its latest residential community in the area. The homebuilder announced the opening of Portola Hills in Henderson, one of the areas of the Las Vegas Valley that has been shouldering a lot…

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FirstService Residential is Nevada Trails’ New Manager

FirstService Residential is Nevada Trails’ New Manager

FirstService Residential recently expanded its management portfolio as the company secured the property management contract for a Las Vegas area residential community. FirstService is adding the 1,000+ residential units of the Nevada Trails community to its 50 million square-foot property management portfolio. The Florida-based real estate services provider took over…

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Bascom/Oaktree JV Finds Asset No. 7 in Henderson

Bascom/Oaktree JV Finds Asset No. 7 in Henderson

A joint venture between The Bascom Group and funds managed by Oaktree Capital Management, L.P. recently completed the acquisition of a Henderson, NV multifamily asset. The $300 million venture now owns the Villa Serena community in the Las Vegas area, situated in the immediate proximity of the Union Village the…

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TODAY’S DEALS: Bascom, Oaktree Close Seventh Acquisition with Nevada Buy

TODAY’S DEALS: Bascom, Oaktree Close Seventh Acquisition with Nevada Buy

Bascom bets on a recovering Las Vegas market; Milestone Apartments REIT grabs 303 units in Orlando; and Mortgage Equicap arranges a construction loan for an 80-unit building. …

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Bank of America Plaza Gets $50M in Financing

Bank of America Plaza Gets $50M in Financing

A large Las Vegas office asset was recently the subject of a financing deal, as CBRE Capital Markets’ Debt & Structured Finance team arranged $50 million for the Bank of America Plaza in Las Vegas, in the city’s downtown area. The bridge loan was arranged on behalf of Angelo, Gordon…

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Penthouse at One Queensridge Tower Sells for $7.7M

Penthouse at One Queensridge Tower Sells for $7.7M

A short while after Veer Towers hit the $100 million mark in sales, the Las Vegas condominium market hit another high. Completed by new Las Vegas brokerage Char Luxury Real Estate, the deal for the unfinished Crown penthouse at the One Queensridge Place was worth a record $7.7 million. The…

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John’s Incredible Pizza to Open at Boulevard Mall

John’s Incredible Pizza to Open at Boulevard Mall

By Alex Girda, Associate Editor John’s Incredible Pizza Co. has signed on for 60,000 square feet at Boulevard Mall. The dining and entertainment chain will create about 200 jobs and accommodate up to 1000 guests when it opens its new location later this year. John’s Incredible Pizza combines food with…

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