Multifamily news in Luxury Housing - Las Vegas
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Hines Exits Las Vegas Multifamily Market in $80M Deal
The seller had purchased the 308-unit suburban community four years earlier for $58.2 million.
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Investment Concepts Pays $18M for Las Vegas Luxury Asset
The acquisition of the 62-unit community ranks as the highest per-unit deal to close in the metro this year.
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Waterton Re-Enters Vegas With $140M Buy
The firm’s portfolio acquisition includes 720 Class A units in two communities. CBRE provided the buyer with financing through Freddie Mac.
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Interwest Acquires Vegas Property for $21M
Interwest Capital Group financed the acquisition of the 100-unit Class A asset with a $12.6 million Freddie Mac loan, and RSE Capital Partners provided preferred equity.
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Top Multifamily Completions in Las Vegas
As rent growth remains among the strongest in the nation, developers are warming up to the metro’s suburban areas, expanding rental product in the area.
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Blackstone Buys $159M Las Vegas Portfolio
The deal, one of the metro’s largest this year, included two newly completed Class A communities comprising nearly 700 units.
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Continental Realty Buys Vegas Community
The buyer financed the purchase of the 63-unit Class A asset with a $9 million Freddie Mac acquisition loan originated by HFF.
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Carlyle Group JV Buys Vegas Apartments for $87M
The 456-unit Class A property last changed hands in late 2010, when Fairfield Residential sold it for nearly $47 million.
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Las Vegas Upscale Community Makes Debut
A joint venture subsidiary of TCI and Southern Properties Capital unveiled Abode at Red Rock, a 308-unit Class A apartment community in the Spring Valley area.
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On the Market: 5 Interesting Listings for the Week of 8/20
This week's listings include a recently completed community in a booming area of the Las Vegas metro and a Manhattan property that has not been on the market in more than 60 years.
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Las Vegas-Area Community Lands $57M Financing
Built in 2018, Castile Apartments features 498 units across 28 buildings. Thompson Michie Communities bought the asset in April for $99.6 million.
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On the Market: 5 Interesting Listings for the Week of 6/4
This week's listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix's growing South Mountain Village area, and more.
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Las Vegas-Area Luxury Community Fetches $59M
JLL Managing Directors John Cunningham and Charles Steele arranged the sale of the 366-unit asset on behalf of The Bascom Group.
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Las Vegas Luxury Property Sells for $63M
Green Leaf Capital Partners acquired Volare Apartment Homes, a garden-style, Class A property. As of May 2017, the community was 91 percent occupied.
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Pathfinder Completes Luxury Condos at Sky Las Vegas
The 390,000-square-foot Sky offers 409 units with a mix of one-, two- and three-bedroom floorplans. The building is conveniently located on the Las Vegas Strip.