News - Las Vegas

  • Berkadia Facilitates $15M Vegas Sale

    Desert Palms North Apartments was built in 1992 and features mixed unit types, ranging in size from 520 to 975 square feet. According to Yardi Matrix data, monthly rent averages at $648.

    19 October 2017 15:47
  • Las Vegas Asset Changes Hands

    Berkadia arranged the sale of Emerald Park Apartment Homes, a 300-unit community. The buyer paid $95 per square foot, equating to a 5.5 percent cap rate.

    19 October 2017 13:30
  • MG Properties Acquires $58M Vegas Community

    The company purchased the 432-unit Bristol at Sunset from Kennedy Wilson. CBRE arranged a $39.4 million acquisition loan through Fannie Mae on behalf of MG Properties Group.

    13 October 2017 14:25
  • Marcus & Millichap Duo Sells 2 in Las Vegas

    Las Palmas and The Rubix traded for $39.3 million. New plans include capital improvements and focus on military housing.

    05 October 2017 22:03
  • Rising Demand Pushes Rents Higher in Las Vegas

    Las Vegas’ recovery features above-average job and population growth. That has produced a modest but steady improvement in housing demand, as the market aims for long-term stability.

    29 August 2017 15:13
  • JLL Arranges 430-Unit Vegas Sale

    Monogram Realty Trust sold Veritas Apartments in a transaction completed by JLL Vice Presidents John Cunningham and Charles Steele. Farnam Realty acquired the asset.

    09 August 2017 12:57
  • Peak Campus Expands Management Portfolio With Over 2,000 Beds

    The property management company was awarded management of four student housing communities located in Texas, Nevada and North Carolina.

    25 July 2017 14:33
  • 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
  • Top 10 Markets for Occupancy Growth

    Despite unfavorable conditions, certain areas are deviating from the national trend and have seen an increase. Here is a list of the 10 markets with the greatest year-over-year growth in occupancy as of April 2017.

    12 June 2017 15:33
  • Warmington Properties Secures $190M for Portfolio Refi

    Walker & Dunlop Inc. structured five Freddie Mac loans and one Fannie Mae loan, totaling $190.2 million, with 10-year terms and 30-year amortization schedules, to refinance nine California and Nevada communities held by Warmington Properties. Warmington began a value-added program across its portfolio in 2014, including the complete renovation of property amenities, building exteriors and unit interiors.

    10 May 2017 19:13
  • 29th Street Capital Buys Vegas Apartments

    The company, which has purchased 15 multifamily properties over the past 12 months, also revealed plans to implement a $1.9 million capital improvement program to refurbish unit interiors, enhance the asset’s exterior and upgrade the amenity package.

    04 May 2017 13:43
  • 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
  • CDP Expands West Coast Portfolio

    The company has acquired three affordable communities in Las Vegas and Salem, Ore.

    10 March 2017 16:26
  • C&W Negotiates Sin City Sale

    The company has arranged the sale of Portofino Villas, a 280-unit community.

    28 February 2017 09:38