Las Vegas
Partnership Debuts Affordable Housing Revamp in Vegas
Community Development Partners and BLVD Capital have opened Baltimore Gardens and Cleveland Gardens, two communities totaling 201 units. All apartments are restricted to low-income households.
Vegas Apartments Change Hands in $60M Deal
Hamilton Zanze and Cantor Fitzgerald acquired the 426-unit Arrow Canyon, which includes a bocce ball court, a putting green and covered parking.
PCCP Provides $24M for NV Community
The Calida Group plans to renovate Hampton Garden in Summerlin-Spring Valley, a Las Vegas submarket. The 18-year-old property includes 180 units in 16 buildings.
Multifamily Acquisitions in Emerging Markets
Continental Realty Advisors’ David Snyder discussed investment opportunities in markets such as Las Vegas, ways to maximize returns and why in-depth research is essential to expertly deploying capital.
Sunroad Enterprises Nabs 320-Unit Vegas Asset
Prime Group sold Avery Park in a deal facilitated by HFF. The new owner is set to renovate the property’s common areas and unit interiors over the next two years.
Chicago Buyers Expand into Las Vegas Market
Oak Residential Partners and POB Capital have acquired 252-unit Avenue Apartments in Henderson, Nev. The deal marks both buyers’ entry into the market.
Citymark, InterCapital Go Shopping in Vegas
The two companies purchased Vintage Pointe, a 368-unit apartment community in Vegas’ Michael Way neighborhood, for $49.2 million.
Cranes Drive Growth in Las Vegas
Following a silent spell for significant real estate development in the Las Vegas Valley, the market is now flooded with major projects that the construction sector is struggling to deliver.
Vegas Assets Trade for $115M
LivCor purchased Broadstone Flamingo West and Broadstone Talavera, which comprise a total of 674 units and are located in the eastern part of the metropolitan area.
Security Properties Buys $43M Vegas Asset
Martinique Bay received renovations to 91 of its units before being sold off to Security Properties. The company plans to add value to the property by improving the rest of the units and also add exterior upgrades.