Las Vegas
Las Vegas Office Building Trades for $19.5M
Pacific Oak SOR II sold the Class A asset acquired four years ago by KBS Realty Advisors for $13.4 million, according to Yardi Matrix data. Pacific Oak recently took over three REITs established by KBS.
Cannon Commercial Buys Las Vegas Shopping Center for $44M
Goldman Sachs secured financing for the company’s acquisition of the 220,000-square-foot retail asset.
Tierra Management Sells Las Vegas Office Building
The buyer secured more than $7 million in financing for the acquisition of the 86,515-square-foot property.
Service Properties Sells Las Vegas Office Building
The deal is the first step in the firm’s disposition plan to sell about $500 million in non-core assets following a $2.4 billion retail portfolio acquisition last month.
Trammell Crow Starts Work on 2.7 MSF Las Vegas Logistics Project
The 1 million-square-foot first phase of the spec development will be split into two Class A facilities.
Blackstone Bets $4.3B on Bellagio
In a joint venture with MGM Resorts, Blackstone Real Estate Income Trust has agreed to buy the iconic Las Vegas resort.
Las Vegas Office Park Sells for $27M
Clark County acquired the 222,000-square-foot office portfolio located approximately 9 miles from the city’s downtown.
Las Vegas Mixed-Use Moves Ahead With $150M Loan
Mosaic Real Estate Investors provided the construction loan for Matter Real Estate Group’s first phase of its UnCommons development. Plans call for office, retail space, restaurants and a residential component.
The Rio Sells for $516M
Caesar’s Entertainment Corp. has sold the Las Vegas hotel and will continue to operate the property for at least two years.
Cushman & Wakefield Expands Las Vegas Asset Services Team
Property Manager Samantha Rupert and Senior Assistant Property Manager Diana Cerda will oversee the daily operations of the company’s commercial assets throughout the metro.