Colliers International – Las Vegas has announced the successful leasing of Juliet’s 322,560-square-foot distribution facility at Blue Diamond Business Center in the southwest submarket.
Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Evergreen Apartments, a 314-unit, multifamily project two miles west of the Las Vegas Strip, for $29.5 million. Tower 16 will oversee $4 million in renovations and upgrades to the project.
Sunroad Enterprises, a San Diego-based real estate investment and development firm, acquired the 234-unit Adobe Ranch Apartments located in Henderson for an undisclosed price. The firm has already begun significant interior and exterior property renovations and part of repositioning and rebranding the property as Cyan.
Devin Lee , CCIM; Robin Willett , Jerad Roberts ; and Jason Dittenber , of Northcap Commercial Multifamily, has announced the recent sales of Casa Bonita Apartments and Valley Vista Apartments for $7,150,000 ($99,305/unit).
Sun Commercial Real Estate Inc. has announced the sale of a mixed-use retail building for $6 million. The deal closed Oct. 12. The 31,000-square-foot property is at 1205 Las Vegas Boulevard South. Cathy Jones , Anders Graciano , Paul Miachika , Roy Fritz , Jessica Cegavske and Taylor Vasquez of Sun Commercial Real Estate Inc. represented the seller, DeCar Enterprises LLC.
TVP Assets has sold a 156,564-square foot, 100-percent-leased, core multitenant industrial building in the Suncrest Commerce Center of Henderson for $20,200,000.
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.