Multifamily news in Las Vegas
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Investors Cash Chips in Las Vegas
Amid accelerated hiring, demand for rentals heightened in Las Vegas in 2016. The city’s economy grew at a healthy pace, due to broad-based employment gains and an increasing population.
28 April 2017 04:30 -
2-Community Sale Fetches MGPG $68M
The properties, located in Henderson and North Las Vegas, Nev., comprise 641 units. Both communities feature one-, two- and three-bedroom floor plans with high-end amenities.
07 April 2017 20:57 -
On the Market: 5 Interesting Listings for the Week of 3/27
This week's listings feature a property located two miles from the Las Vegas Strip and a luxury community in the growing Augusta, Ga.
31 March 2017 14:06 -
CDP Expands West Coast Portfolio
The company has acquired three affordable communities in Las Vegas and Salem, Ore.
10 March 2017 16:26 -
Security Properties Acquires Affordable Las Vegas Asset for $27M
The portfolio offers two adjacent properties—Sunrise Palms, comprises 122 units of senior living, and Orchard Club, which provides 220 units of low-income housing.
08 March 2017 14:57 -
C&W Negotiates Sin City Sale
The company has arranged the sale of Portofino Villas, a 280-unit community.
28 February 2017 09:38 -
HFF Secures $26M Loan for Nevada Apartment Community
The company secured financing through Freddie Mac’s CME Program.
03 February 2017 16:57 -
Pathfinder Nabs Glitter Gulch Property for $13M
Built in 2003, the 89-unit community is located in the Lone Mountain submarket of Las Vegas.
16 January 2017 15:39 -
Transcontinental Unveils Plans for $59M Sin City Project
The company has announced its newest development, The Abode Red Rock Apartments, which will total 308 units.
16 January 2017 14:36 -
The Siegel Group Grabs Sin City Apartment Community
The property that will be rebranded as Siegel Suite Boulder III marks the company;s third asset on Boulder Highway.
04 January 2017 14:45 -
Las Vegas Community Changes Hands for $38M
Constructed in 2010, Spectrum consists of 14 three-story buildings situated on 9.8 acres.
03 January 2017 15:06 -
Bascom Acquires Pebble Cove Apartments in Las Vegas
By Jeffrey Steele Las Vegas— Irvine, Calif.-based private equity firm The Bascom Group, which specializes in value-added multifamily housing, has acquired a 90-unit garden-style apartment on the west side of Las Vegas. With an address of 5101 O’Bannon Drove, Las Vegas, Pebble Cove Apartments is a 27-year-old apartment community consisting of seven
28 December 2016 15:08 -
Reno Student Community Scores $70M
With this purchase, SmartStop adds its first student housing asset to its self-storage portfolio
22 December 2016 08:29 -
Yardi Matrix: Better Odds in Las Vegas
Las Vegas rent evolution, click to enlarge Though still in recovery mode, Las Vegas’ multifamily market is benefiting from an expanding economy and rising demographics. Employment gains are widespread, with activity led by the mining, logging and construction; professional and business services; and leisure and hospitality sectors. More than $10 billion worth
13 December 2016 08:56 -
JLL Finalizes $52M Sin City Sale
Loft 5, a 241-unit luxury multifamily asset, is located less than 15 minutes away from the Las Vegas Strip.
08 December 2016 16:59