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Vestar Gives The District at Green Valley Ranch in Henderson a $3M Makeover

Vestar Gives The District at Green Valley Ranch in Henderson a $3M Makeover

By Alex Girda, Associate Editor After a $3 million renovation, Vestar Development  has re-unveiled the District at Green Valley Ranch, a 384,100-square-foot retail center in Henderson, according to rentv.com.  A joint venture of Vestar and Rockwood Capital acquired the property two and  a half years ago in a $79 million deal.…

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Economy Watch: Service Sector Sees Higher Revenues; Vegas Residential Market Still on the Mend

Economy Watch: Service Sector Sees Higher Revenues; Vegas Residential Market Still on the Mend

Most service-sector businesses gained revenue between the fourth quarter of 2012 and the fourth quarter of 2013. Also, Las Vegas continues to shift from short sales to traditional sales.…

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Siegel Group Buys 119-Unit M-F Property Near Strip, Expanding Flexible-Stay Portfolio

Siegel Group Buys 119-Unit M-F Property Near Strip, Expanding Flexible-Stay Portfolio

The Siegel Group Nevada, Inc. recently expanded its local apartment portfolio with a purchase near the Las Vegas Strip. The commercial real estate and business development company has completed a deal worth approximately $4.2 million for the apartment property known as Solana Square. The Siegel Group plans to add the…

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Brookdale Gains 3 Las Vegas Properties in $2.8 Billion Emeritus Deal

Brookdale Gains 3 Las Vegas Properties in $2.8 Billion Emeritus Deal

Three Las Vegas senior communities were recently involved in a massive merger when Emeritus Corporation was acquired by Brookdale Senior Living. The latter acquired Emeritus in a deal worth $2.8 billion, 1.4 of which consisted of mortgage debt. The two companies agreed a deal that would create the first national…

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Infinity Obtains $5M SBA Construction Loan for Hospice Facility

Infinity Obtains $5M SBA Construction Loan for Hospice Facility

Las Vegas will see a new assisted living facility take shape after a financing deal will help the developer get construction on track. TMC Financing recently issued a press statement announcing that it had provided developer Infinity Hospice Care of Las Vegas, LLC with an SBA 504 loan worth $4.98…

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MIG Buys Office/Medical Office Complex in Henderson

MIG Buys Office/Medical Office Complex in Henderson

The Las Vegas office market has seen consistent improvement over the past year, up to a point where important transactions once again take place. Recently a new portfolio transaction was announced by real estate investment company MIG Real Estate. The Newport Beach-based entity acquired an eight-property office/medical office package located…

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Rialto Capital, Kismat Investments Pay $10M for N. Las Vegas Strip Mall

Rialto Capital, Kismat Investments Pay $10M for N. Las Vegas Strip Mall

In mid-January, a retail property in North Las Vegas traded hands when Faris Lee Investments completed a deal between seller TNP SRT Craig Promenade, LLC and new owner RREF II-KI Promenade LLC. The buyer, a joint venture between real estate companies Rialto Capital and Kismat Investments agreed a deal worth…

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Griffis Residential Pays $43M for Luxury M-F Asset in Summerlin

Griffis Residential Pays $43M for Luxury M-F Asset in Summerlin

With the amount of deals rising in recent weeks, and the single family home market up in 2013 in terms of prices, the residential market seems to be tightening up and proving its appeal to investors. Recently, a Denver-based multifamily investment and management company completed a deal for the acquisition…

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Residential Market’s Strong Finish Points To More Gains in 2014

Residential Market’s Strong Finish Points To More Gains in 2014

Las Vegas finally had a full good year in terms of its housing market prices. The end of 2013 marked continued gains for the local market, as data issued by the Greater Las Vegas Association of Realtors indicates. December saw prices rising once again, prepping the new year, which according…

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KRE, Dune Acquire 5 M-F Assets for $237M; South Blvd. Apartments Fetches $42M

KRE, Dune Acquire 5 M-F Assets for $237M; South Blvd. Apartments Fetches $42M

By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Las Vegas’ residential market ended 2013 with a flurry of high-profile multi-family transactions. In a $237 million deal, KRE Capital and Dune Real Estate Partners teamed up to acquire five residential properties comprising 1,435 rental and condominium units, VegasINC.com reports.…

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Henderson’s $1.6B Union Village Wins Hospital Commitment from Valley Health

Henderson’s $1.6B Union Village Wins Hospital Commitment from Valley Health

For a while now, a massive health care-centric development has caught the attention of media outlets as the ambitious project aimed to create a new community in Henderson, relying mainly on a number of facilities aimed at providing quality health care for the region. Union Village is set to cost…

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Juno Plans Fall 2014 Opening for Bazaar-Flavored Retail Project on the Strip

Juno Plans Fall 2014 Opening for Bazaar-Flavored Retail Project on the Strip

With the office market showing signs of life and the residential market having its best year since the downturn, Las Vegas’ retail market has also seen important boosts in terms of new projects and completions. One of the largest projects of its kind, the Grand Bazaar Shops will attempt to…

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