California-based Westland Real Estate Group has purchased two Las Vegas apartment communities for $60.3 million. The complexes are Liberty Village Apartments at 4870 Nellisoasis Lane and Village Square at 5025 Nellisoasis Lane. Between the two there are 1,129 units.
Devin Lee , CCIM; Robin Willett; Jerad Roberts; and Jason Dittenber of Northcap Commercial Multifamily have announced the recent sale of Desert Manor, a mixed-use investment on an city block for $11,525,000. This sale consisted of 191 multifamily units; 6,364 square feet of retail space and 0.89 acres of land built in 1979, at 629 S. Main Street in downtown Las Vegas. This transaction closed on Aug. 8. Northcap Multifamily represented the seller 1060 Broadway LLC.
Chris Richardson , CCIM, and Jason Otter of Logic Commercial Real Estate (Logic) has announced the sale of Centennial Square, a 46,316-square-foot multitenant retail center on South Durango Road in the northwest Las Vegas Valley. Logic represented the seller, Monaco Properties and Colliers International, Steven Haynes , represented the buyer, Weightman Holdings. The property closed at $16 million, which was $346 per square foot, at a 7.14 percent CAP rate.
A four-building, multi-tenant office portfolio, totaling 158,341 square feet situated on nearly 14 acres in has sold to an investor. Newport Beach, California-based Buchanan Street acquired the properties at 2300 2310 and 2340 2350 Corporate Circle for $27.8 million. Collectively known as Green Valley Corporate Center North—Tech Park V and VI, the assets are part of a larger, massive high-class regional real estate portfolio that is being sold by American Nevada Co.
TruAmerica Multifamily, in partnership with funds managed by Oaktree Capital Management LP has acquired Aviata, a 456-unit multifamily property in Henderson, in an off-market transaction for $67 million.
CBRE announced the sale of the Eastwind Center, a retail shopping center at 2355-2381 E. Windmill Lane. Charles Moore , CSM, and Marlene Fujita-Winkel , CCIM, of CBRE’s Las Vegas office represented the seller, Passco Eastwind Owner LLC, in the $12,165,000 transaction encompassing 45,240 square feet. The buyer, Rainbow Express Center LLC, was represented by Joshua Michaeli of International Realty LV. The property is situated at the intersection of Windmill Lane and Eastern Avenue and is shadow-anchored by a Smith’s grocery store and a Walgreens.
The sale of an office investment building was completed on April 4. The 93,650-square-foot property is at 6750 Via Austi Parkway. The total value of the transaction was $30.750 million. Cathy Jones , Roy Fritz , Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate Inc. represented the buyer. Nidnats Corp. and Logic Commercial Real Estate represented the seller, DIG MCC LLC.
CBRE has announced the sale of multiple office buildings at 1120-1180 N. Town Center Drive. Charles Moore, CSM, and Marlene Fujita-Winkel , CCIM, of CBRE’s Las Vegas office represented the seller, The Canyons 1A, LLC and The Canyons 1B, LLC, in the $47,880,000 transaction encompassing 208,958 square feet. The buyer, CFT NV Developments, LLC, did not have representation.
A sale to John Xanthos . The approximately 16,800-square-foot industrial property is at 240 Sunpac Ave. and 2031 Pabco Drive in Henderson. The transaction value was $2,995,000. Dan Doherty , SIOR; Paul Sweetland , SIOR; Chris Lane and Jerry Doty of Colliers International represented the seller, Sanders Property Management LLC.
CBRE announced the sale of two office buildings at The Plazas of Summerlin at 1635 and 1645 Village Center Circle. Charles Moore , CSM; Marlene Fujita-Winkel , CCIM, of CBRE’s Las Vegas office represented the seller, The Plazas 1 LLC and The Plazas II, LLC, in the $20,575,000 transaction encompassing 87,685 square feet. The buyer, KB Acquisitions, LLC did not have representation.