Dermody Properties, a national private equity real estate investment, development and management company, has purchased 9.49 acres in Las Vegas for a new state-of-the-art facility that will be called LogistiCenterSM at Sunset. This 151,200-square-foot, e-commerce-ready property at Sunset Road and Bruce Street in Las Vegas is expected to be completed in the first quarter of 2021.
CapRock Partners, a private industrial investment and development firm focused solely on the Western U.S., has announced the disposition of three industrial real estate assets in Las Vegas for an undisclosed amount to Nicola Wealth Real Estate, a Canada-based subsidiary of wealth management firm Nicola Wealth. The sale of the 276,912-square-foot portfolio marks Nicola Wealth’s first venture into the Las Vegas marketplace. “When we first entered the Las Vegas market i
The Henderson Interchange Center sold for $19 million. The 130,842-square-foot industrial property is at 860 Wigwam Parkway in Henderson. Dan Doherty , SIOR; Chris Lane , CCIM; Paul Sweetland , SIOR; and Jerry Doty of Colliers International represented the seller, Henderson Interchange Center LLC.
Attorney Kavita Gupta has been appointed to serve as the Chapter 11 Trustee overseeing the bankruptcy sale of 38.56 acres of privately owned real property on the world-famous Las Vegas Strip. The Bankruptcy Court has approved bid procedures setting a bid deadline of April 30 and May 19 auction for qualified bidders.
Colliers International | Las Vegas announces the $62.4 million sale of Raceway Industrial Park, a warehouse distribution facility in northeast Las Vegas.
Newmark Knight Frank has announced it facilitated the sale of Bonneville Square, a five-story office building in downtown Las Vegas, for $14.9 million.
MCA Realty, a full service real estate investment and management company, has sold Walnut Business Park, a two-building, 94,808-square-foot multitenant industrial business park. MCA sold the asset to CapRock Partners LLC for $7.85 million.
Cameron Glinton of LOGIC Commercial Real Estate (Logic) has announced the sale of Hacienda Heights, a 216-unit apartment building in the southeast submarket built in 2008. Logic represented the seller, DK Nellis LLC and procured the buyer, Oak Residential Partners (Oak) of Deerfield, Illinois. The property closed at $33,75 million, which was $175 per square foot, and $156,250 per unit. Logic was engaged to identify a qualified buyer who was familiar with the market and asset to enact a successful close.
Northcap Commercial has announced the sale of the Desert Inn Apartments for $2.7 million ($75,000/unit). This sale consisted of 36 multifamily units built in 1963, at 1075, 1089, 1107, and 1121 E. Desert Inn Road. This transaction closed on Oct. 23. Northcap Multifamily represented the seller, Blue Elephant LLLP.
MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of Village at Desert Lakes Apartments.