Miltson Consulting recently completed the sale of the first office condo at The Office, a two-story, newly remodeled building on Las Vegas Boulevard and Gass Avenue in Downtown Las Vegas.
The Mob Museum announced it has purchased a nearly 30,000-square-foot parcel of land directly to its east.
CapRock Partners announced the sale of CapRock Tropical Logistics Phase I, an industrial logistics facility in North Las Vegas.
Next Wave Investors LLC, a private equity firm focused on value-add multifamily investments, recently sold Spanish Oaks, a 216-unit garden-style multifamily community for $50 million after acquiring it for $28.5 million in February of last year.
Avison Young has announced the Sauter Multifamily Group, comprised of principals Patrick Sauter, Art Carll-Tangora and Steve Nosrat, based in the firm’s Las Vegas office, closed the $126 million sale — $126,506 per unit — of Harbor Island Apartments at 370 E Harmon Ave. The buyer was Laguna Point Acquisitions, and the seller was 3D Investments.
Cushman Wakefield has advised on the sale of The Lennox, a luxury apartment community. Constructed in 2015, the 100-unit “A” class multifamily asset is located at 430 E Cactus Road and sold to an undisclosed buyer for $38.5 million, or $385,000 per unit.
Kairos Investment Management Co., a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Siena Townhomes, a 195-unit affordable multifamily property in central Las Vegas in an off-market transaction.
Bear Real Estate Advisors, a national investment services firm, represented Cypress West Partners in the acquisition of a four-building, multitenant medical office building portfolio in Henderson. Total sale price for the portfolio totaled $17.1 million.
Dapper Cos. has reached a deal with SoHo Playhouse to be the sole operator of the historic Huntridge Theater in downtown Las Vegas. The signing of the lease was completed after the first of the year. In addition to a 1,150-seat multiuse concert hall and 450-seat off-Broadway theatre in the existing building, two additional spaces will be added to the south side of the property for additional venues.
Contour, a leading privately held real estate and development company based in Southern California, has announced it closed on 1.9 acres of land in Mountain’s Edge, a master-planned community in southwest Las Vegas. The site will be used for commercial development and is at 8575 Blue Diamond Road on the southeast intersection of South Durango Drive.