MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of Village at Desert Lakes Apartments.
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley Investments, has acquired Five89 Apartments, a 312-unit multifamily project for $32.5 million. The property was acquired on an off-market basis from a private seller.
On behalf of Haven Realty Capital, Cushman Wakefield completed the sale of Mountain Vista to an undisclosed buyer for $17.75 million.
A new $5-million industrial project, Diablo Triangle, by Brass Cap Development is underway in the south Las Vegas area near the Raiders stadium.
Berkadia has announced the sale of The Edge at Traverse Point, a garden-style multifamily property in Henderson. Managing Director Brian Anderson and Associate Director Jared Glover of Berkadia’s Las Vegas office completed the $60.68 million sale on behalf of the seller, California-based Bascom Group. The buyer was New York-based, and the deal closed June 6.
Mountains Edge Hospital has grown by 19,135 square feet, thanks to the addition of the Mountains Edge Hospital Orthopedic Surgery Center, a $7-million expansion project constructed and completed by Nigro Construction. The 130-bed acute care hospital is at 8656 W. Patrick Lane.
Experiencing exponential growth ever since it opened in 1994, Polar Shades Inc., a leading manufacturer and interior and exterior window shades, drapery tracks and retractable screen doors, recently purchased a new and larger manufacturing facility at 5520 Stephanie St.
CROP Infrastructure Corp. has announced it has completed the purchase of the suite of recreational cannabis licenses and the 1,012-acre property in its Elite Ventures Group 49 percent interest holding.
Representatives of Coronado Canyons, the 95,000-square-foot commercial real estate property situated on the southeast corner of Green Valley Parkway and Horizon Ridge Parkway in Henderson, announced the sale of a medical office condominium within the development at 660 S. Green Valley Parkway.
Logic Commercial Real Estate, utilizing RealInsights Marketplace, has announced that it has closed the sale of Cheyenne Commons, a Walmart, Floor Décor and Ross anchored retail center. The 361,000-square-foot facility sold for $34.35 million. Logic Commercial Real Estate’s Brendan Keating , Adam Malan and Deana Marcello marketed the property on behalf of the seller, a special servicer. The asset was purchased by Pebb Enterprises Inc., a private family office based in South Florida. The property has recently received a $2.7-million renovation that included a new roof, exterior paint, awning repairs, updated lighting, parking lot repairs, landscaping repairs and updated pylon signs. Cheyenne Commons is 80 percent occupied, providing an attractive value-add opportunity for the buyer with over 70,000 square feet of available space for lease.