CBRE has secured a $35.25 million bridge loan for the acquisition of Atlas Apartment Homes, a 198-unit multifamily community in Las Vegas.
Colliers International brokered the sale of a brand-new In-N-Out location. The transaction set a national price record for the sale of a QSR retail asset in 2021. The In-N-Out development will break ground at the end of the year as a legacy asset and trophy site located directly across from Allegiant Stadium, the home of the NFL Las Vegas Raiders. Closing within a quick all-cash timeline, a sourced 1031 California-based buyer will own the brand new 20-year absolute NNN ground lease.
CBRE announced the $2.35 million sale of a 13,194-square-foot medical office building at 2598 Windmill Parkway in Henderson to an undisclosed buyer.
Kevin Higgins, SIOR, and Garret Toft, SIOR, of CBRE Inc. represented the buyer, VTRE Development LLC in the purchase of 351 acres of vacant industrial land at Interstate 15 and N. Las Vegas Blvd. for $44,750,000.
Brass Cap Development broke ground on its latest project, Bromigo, an industrial development in West Henderson near Amigo Road and Bruner Avenue.
Next Wave Investors LLC, a private equity firm focused on value-add multifamily investments, has acquired Spanish Oaks, a 216-unit garden style multifamily community for $28.075 million.
LaPour, a Las-Vegas-based real estate development and investment firm has begun construction on its second Henderson industrial project in recent years, a 21-acre parcel at the southwest corner of Maryland Parkway and Sunridge Heights Parkway adjacent to the new Costco and close to the Henderson Executive Airport and the Las Vegas Raiders training facilities.
Panattoni Development has announced it has completed work on a 550,601-square-foot industrial development on a 30-acre parcel at the intersection of Interstate 15 and Speedway Boulevard in North Las Vegas, called North 15 Logistics.
Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has leased the remaining 48,600 square feet of space at LogistiCenterSM at Speedway in North Las Vegas to a large snack food production and distribution company. LogistiCenterSM at Speedway was completed in the second quarter of 2020 and is now fully leased.
CapRock Partners, an industrial real estate investment and development firm, has announced it has commenced construction on CapRock Tropical Logistics, a two-building, 1.1 million-square-foot logistics complex in North Las Vegas.