Las Vegas Commercial Real Estate

California-based Triple Net Properties has sold the Business Bank of Nevada Building for $8 million. The original purchase price by Triple Net Properties in 2003 was $5.7M.
The two-story, 26,545-sf office building was sold to the Buckley Trust on behalf of a group of tenant-in-common investors. The development group includes former bank board members.
The […]

The Argo Corp has sold the Tropicana Executive Center for $15.6 million. The 100,532-sf , 15-building small suite development was sold to Koll/PER, a joint venture of Koll Co. and the Public Employee Retirement System of Idaho.
Thirteen of the fifteen buildings were originally built in 1978. The remaining two were constructed in 1998. […]

An investment club is a group of people who pool their money to make investments. Usually, investment clubs are organized as partnerships and, after the members study different investments, the group decides to buy or sell based on a majority vote of the members. Club meetings may be educational and each member may actively participate […]

Pine Park LLC recently sold the 120-unit Pine Park Apartments at 454 E. Twain Avenue for $13.75M, or approximately $114,583 per unit. The buyer was Arlington 360 Associates LP and Bruton Buckner Associates LP who bought the property after it was only on the market for one week. It will now enter a […]

California-based Emerald Bay Apartments Las Vegas LLC, which acquired the Emerald Bay Apartments in July 2003 for $13.9M, has sold the apartment complext for $32.13M. According to county records, the new owner is listed as Emerald Bay Apartments Nevada LLC and National Commercial Ventures LLC of Los Angeles.
The 319,215-sf, 37-building development sits on 14.26 […]