Luxury Housing - Las Vegas

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.
Luxury
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.
Market Rate
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.
Slideshow

  • 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.

    05 July 2017 16:24

  • 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.

    27 June 2017 15:04

  • 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

  • Cushman & Wakefield Arranges $41M Sale in Sin City

    The company secured the sale of two apartment communities totaling 500 units.

    06 December 2016 14:47

  • Berkadia Closes $57M Sale of Vegas Luxury Apartments

    Inland Real Estate Group has acquired The Wyatt, a 308-unit community located on Buffalo Drive.

    05 October 2016 07:49

  • On the Market: 5 Interesting CRE Listings for the Week of 6/20

    This week's most interesting CRE listings feature a property with ocean views in Pacific Palisades, Calif., and a North Las Vegas community that's seeing double with two pools and two spas.

    24 June 2016 18:23

  • Pathfinder Acquires Second Batch of Las Vegas Condos in Six Months

    Almost half of the Park House condominiums in Las Vegas were acquired recently, with leasing eyed for the immediate future.

    15 March 2016 08:47

  • JV Bets on Apartment Community Near Reno

    PCCP provided a $28.2 million loan to Sunroad Enterprises, Security Properties and Loma Linda University to acquire and renovate a Class A apartment community in a Reno, Nev., submarket.

    07 March 2016 16:25

  • Bascom/Oaktree Finds Vantage Point

    Henderson luxury community strikes the fancy of frequent partners Bacom and Oaktree.

    30 September 2015 19:16

  • 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.

    08 May 2015 14:17

  • 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 upscale residence was acquired by a Canadian buyer, in what is the highest priced property sold in the city year to date.

    22 March 2015 19:08

  • Downtown Summerlin Nears Completion and First Test

    There is always a large amount of chatter regarding big developments, new master-planned communities and ambitious redevelopment projects. But it’s the downtown component that is always polarizing. With Summerlin’s downtown area edging closer to reality, specifically the project formerly known as Summerlin Centre, Howard Hughes Corp’s concept for a new style of large scale development in the area is set to get its trial by combat as homebuyers and businesses will mark the latest phase in the master plan as either a success, or another Vegas bust.

    05 June 2014 01:24

  • 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 of yet another Las Vegas residential property. Griffis Residential paid a purchase fee of $43.2 million for The Wellington, a luxury apartment community in Summerlin.

    22 January 2014 23:27

  • The Residences at Mandarin Oriental Reach Sales Milestone

    As the Las Vegas residential market fights for its life, with Nevada’s foreclosures once again at the top of the national chart in a time when homebuilding is at the top of its game, it seems that the market might find a typically flashy savior, considering the context. According to a recently released press statement, one of the city’s most high profile luxury residential properties, The Residences at Mandarin Oriental, has announced strong sales figures for the first six months of its existence.

    19 September 2013 17:13

  • Pinnacle Founder Chases Elusive Finish Line for Henderson Condos

    The troubled Vantage Lofts development has had a rocky road to cross over the past few years since its initial stall back in 2007. Since then, it has been flipped from developer to developer, received a number of changes to the initial project, including an idea to turn the condo development into apartment rental units, and still not reached completion.

    18 July 2013 21:27