Sunroad Enterprises of San Diego has acquired Avery Park Apartments at 2200 N. Torrey Pines Drive. Avery Park Apartments is the fourth existing property to be acquired under Sunroad Enterprises’ rapidly growing Multifamily Division, which now has in excess of 2,250 units in various stages of new vertical construction or active value-add renovation. Sunroad’s multifamily growth has been primarily focused in California, Arizona and Nevada.
CBRE Group has announced the recent sale of the legendary Las Vegas Country Club to Samick Music Corp., a U.S. subsidiary of Samick Musical Instruments Co. Ltd., one of the world’s largest musical instrument manufacturers, for an undisclosed price.
Colliers International arranges the sale of the Skyline Villas apartments at 3501 S. Maryland Parkway for $7,385,000.
Reno-based Truckee Gaming LLC has pleased announced it has completed the acquisition of three casinos and additional land owned by Pioneer Crossing Casinos LLC. The casinos are the Pioneer Crossing in Dayton; Pioneer Crossing in Fernley; and the Pioneer Crossing in Yerington. Truckee Gaming received Nevada gaming commission approval and closed on the acquisition on Dec. 21.
Marcus Millichap has announced the sale of La Quinta Inn Suites Las Vegas Airport South, a 140-room hospitality property. The asset sold for $17,500,000.
Marcus Millichap , a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the Holiday House and Holiday Motels , which together equate to 101 motel rooms on approximately 92,782 square feet of land located on Las Vegas Boulevard. The asset sold for $4,700,000.
Cushman Wakefield announced the sales of three high-quality office buildings totaling 172,469 square feet that comprise the Green Valley Corporate Center-North complex in Henderson. The assets, which consisted of Plaza 8, 9 and 10, transpired over two separate investment transactions for a combined price of $37.05 million.
Marcus Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of La Quinta Inn Suites, a 59-room hospitality property in Las Vegas. The asset sold for $6,350,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.
The Woodcreek Apartment Homes at 4485 Pennwood Ave. has been purchased by an Idaho investor for $16 million.
CBRE Capital Markets’ debt and structured finance team has arranged $44.6 million in acquisition financing for the Palms at Peccole Ranch Apartment Homes, a 404-unit, garden-style apartment community at 9599 W. Charleston Blvd.