Las Vegas Commercial Real Estate

Cypress Pt Las Vegas Apartments LLC has sold the 182,425-square-foot multifamily complex known as Cypress Point Vistas to Worldmark. The 212-unit, 20 building complex was sold for $30.74M. Worldmark is currently renovating Cypress Point before marketing the property as individual timeshare condominiums.

Lauth Co. sold the Northpoint Business Center to a subsidiary of the JP Morgan Fund for $33.2M (approx. $80/sq. ft.). The acquisition by I&G Direct Real Estate represents the first Las Vegas industrial property purchased by the JP Morgan Fund.
Completed last September, the Northpoint Business Center is a multi-tenant complex totaling 421,093 square […]

Peebles Atlantic Development Corp is hoping to break ground next year on what will be Southern Nevada’s largest and most expensive luxury-hotel/apartment project. The project, which will be built in phases, is slated to be built on the 13-acre site of the Las Palmas apartment complex on Paradise Road. When completed, the project […]

The 21st annual Global Market Report issued by NAI Global, the world’s largest network of independently owned commercial real estate brokerage firms, features data and analysis on office, industrial and retail market performance in 2006 for over 200 locations worldwide. The report’s overall conclusion was that commercial property markets across the globe continued […]

Alliance Residential Co. and AEW Capital Management combined forces to purchase a 15-property portfolio in the Southwest, including properties in the Las Vegas area. The portfolio consisted of 3,959 units located in Arizona, New Mexico, and Nevada. The total price tag has not been disclosed.
In Las Vegas, the deal included the 350-unit […]