Las Vegas
Las Vegas 644 KSF Site Changes Hands
Marcus & Millichap represented the seller in the transaction, which hit a record-high price of $18.5 million. The Las Vegas Strip is nearby, as is the planned future home of the NFL’s Las Vegas Raiders.
9-Building Vegas Portfolio Commands $78M
NKF facilitated the deal of the master planned office campus between Washington Capital Management and a joint venture buying group. The office buildings are situated on over 25 acres and are served by ample on-site parking.
Blackstone Closes International Market Centers Acquisition
The company purchased the world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries from Bain Capital Private Equity and funds managed by Oaktree Capital Management.
Rising Demand Boosts Las Vegas Rents
The metro’s apartment sector has heated up during the past few years, with rents rising 4.4% year-over-year and occupancy in stabilized properties reaching 95.6%.
Cush & Wake to Acquire Partner Firms
The company entered into an agreement with Northmarq to acquire its partner firms in Minneapolis, Seattle, Salt Lake City and Las Vegas. In total, the firms will have 750 employees and manage 50 million square feet of space.
Las Vegas Shopping Center Trades for $63M
The asset built in 2007 is fully leased and is anchored by Smith’s Grocery, a subsidiary of Kroger and TJ Maxx. Within a five-mile radius of the property reside more than 200,000 people earning an average household income of $89,000.
UNLV, Gardner Carry Forward Tech Park Development
The Harry Reid Research and Technology Park will spread over 122 acres of land and will encompass 12 office buildings comprising more than 1.5 million square feet of commercial office space.
Hilton, Blackstone Grab 1,201-Key Vegas Resort
The joint venture acquired The Elara, one of the largest timeshare properties in the world. The asset features four penthouse floors, retail and 17,000 square feet of ballroom space.
Upcoming Las Vegas Retail Property Snags $38M Financing
Remington Nevada is developing a 25-acre grocery-anchored shopping center at the entrance of Mountains Edge Master Planned community. The property is scheduled to come online in late 2018.
Avison Young Names New VP
Natalie Allred brings more than 25 years of asset management experience to the company, having served in various leadership positions throughout her career.