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Commercial Real Estate News
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Seattle-based Investor Pays $6M for Las Vegas Apt. Complex
The 72-unit Mountain Paradise Village in Las Vegas A private investor based in Seattle purchased a 72-unit apartment complex in Las Vegas from a San Clemente, CA-based private investor. Mountain Paradise Village sold for $6 million, or approximately...

VanTrust Real Estate Breaks Ground on 714,000-SF Facility in North Las Vegas
Rendering of the 714,000-square-foot facility for Sephora at the master-planned Tropical Distribution Center industrial park in North Las Vegas VanTrust Real Estate broke ground on a 714,000-square-foot warehouse at the master-planned Tropical Distribution...

VICI Properties Completes Octavius Tower Purchase at Caesars Palace Las Vegas for $508 Million
Octavius Tower at Ceasars Palace, Las Vegas (building on left side of photo) VICI Properties Inc., a real estate investment trust that owns a number of high-profile gaming properties, completed the cash purchase and leaseback of Octavius Tower at Caesars...

SunCap, Colony Break Ground on 753,000-SF Spec Ind. Campus
Rendering of the 207,739-square-foot Building 1 at the SunPoint Crossing industrial campus in Las VegasCredit: SunCap Property Group SunCap Property Group and Colony Industrial broke ground on SunPoint Crossing, a 752,534-square-foot industrial campus...

Henley USA Adds 512 Units to Las Vegas Portfolio
Private equity shop Henley Investments continues to expand its joint venture with Tower 16 Capital Partners in Las Vegas, striking a deal to buy a large but dated Las Vegas apartment complex in an off-market transaction. Henley, a U.K. company whose...

The Siegel Group Sells 62-Room Las Vegas Mountain Retreat Hotel
The 62-room Las Vegas Mountain Retreat Hotel at 2755 Kyle Canyon Rd. in Mt. Charleston, NV Two private investors purchased a 62-room resort in Mt. Charleston, NV from The Siegel Group (TSG), a privately held real estate investment and management firm...

Hedge Fund Spins Out Real Estate Investment Business Into Separate Private Equity Firm
Under Paulson, the investment team has made a wide range of real estate investments, including this property in Oceanside, California Paulson & Co., the Wall Street investment management firm best known for betting against the subprime mortgage market...

Summerlin/Spring Valley Continues to Lead Apartment Development
While Las Vegas’s apartment market saw a later recovery from the recession than other major West Coast markets, the tide turned for new development starting in 2015. More than 9,000 units have delivered since then and the pipeline remains busy, with another...

Wilshire Unlimited Picks Up 280-Unit Multifamily Complex in Las Vegas
The 280-unit Sandpebble Apts. at 4480 Sirius Ave. in Las Vegas Los Angeles-based Wilshire Unlimited, a family-owned and operated private investment firm, purchased a 280-unit multifamily complex in Las Vegas from a private investor. Sandpebble Apts...

Barber Joins JLL as Senior Vice President
Nicholas Barber joined Jones Lang LaSalle (JLL) as a senior vice president in Las Vegas. Barber most recently served as a director of brokerage services at Cushman & Wakefield and, prior to that, he served as a senior vice president of brokerage services...

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