Las Vegas Continues its Growth Run, Fueling Demand for Housing
Silver Creek Apartments, a 224-unit multifamily property in Las Vegas, recently sold for $35 million. The property is located at 6170 Boulder Hwy. in the southeast area of the Las Vegas Valley.
Garry Cuff and Tom Naseef with Coldwell Banker Commercial Premier represented the buyer, a Southern California-based investment firm, in the transaction.
“This was an off-market sale that was generated by our relationships with both the buyer and the seller,” said Naseef. “The property is operated as a rent-restricted apartment community, providing affordable housing in Las Vegas.”
Silver Creek was built in 2002 and consists of a mix of one-, two- and three-bedroom units.
“Las Vegas continues its run as one of the nation’s fastest-growing markets during the pandemic, fueling demand for housing. Investors and lenders have become more comfortable with the long-term outlook as quarterly apartment sales volume recently eclipsed $1 billion for only the third time in Las Vegas’ history,” said Cuff.
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.