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Tivoli Village

3D Investments Picks Up Tivoli Village for $216M

Tivoli Village, a 669,406-square-foot class-A open-air mixed-use project located in Las Vegas, jointly owned by Property and Building Corp. (PBC) and IDB Group USA, has reached an agreement to be sold for $216 million. The acquirer is 3D Investments LLC, headquartered in Beverly Hills.

Excluding casino property, this will be the highest-valued mixed-use commercial real estate asset sale in Las Vegas since 2017, according to Cushman & Wakefield research.

Built in 2009 and 2016, Tivoli Village is located at 400 S. Rampart Blvd. at the northeast corner of Rampart Boulevard and Alta Drive, and comprises class-A office, and retail and restaurant space across 28.4 acres. The property includes an 8.29-acre development parcel entitled for more than 300 residential units.

The prestigious Mediterranean-themed project is situated nearby Summerlin, an exclusive residential neighborhood in western Las Vegas. The property is surrounded by upscale golf course communities and prominent entertainment venues including hotels and casinos.

The sale was led by DIC’s CEO Doron Cohen, US Property and Building Corp. CEO Eli Elefant and vice president Ethan Kingsley on the ownership side. Dave Alleman of Marquis Aurbach Coffing served as sellers’ counsel.

Cushman & Wakefield’s Marlene Fujita Winkel in Las Vegas is leading the disposition sale on behalf of the seller.

“Tivoli Village is the market’s most highly revered mixed-use project in western Las Vegas,” says Winkel. “Through an extensive marketing campaign and competitive bidding process that attracted strong buyer interest from around the globe, we are thrilled to have successfully secured an agreement to sell this generational asset that also offers outstanding future development opportunity through its one-of-a-kind development parcel.”


Inside The Story

Marlene Fujita Winkel

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition