Las Vegas
Data Center Operators Confront the Sector’s Sustainability Question
As this week’s back-to-back pair of entity-level deals valued in the 11-figure range make clear, data centers are a growth sector.… Read more
Wynn Palms Acquisition Allows Tides to Build Scale
Wynn Palms, a 555-unit garden-style multifamily property in Las Vegas, recently sold for $113.5 million. The buyer was California-based Tides… Read more
Lyric Apartments Offers Rare Acquisition Opportunity in Affluent Las Vegas MSA
Lyric Apartments, a 376-unit multifamily community in the high-growth area of Las Vegas’ Silverado Ranch submarket, recently sold for $135.2… Read more
Tapestry’s Las Vegas Fulfillment Center Expects to Add 400 Full-Time Jobs by 2029
New York-based Tapestry Inc. recently broke ground on its new fulfillment center in North Las Vegas, which is expected to… Read more
Construction is Set to Kick Off in Early 2022 on Berkeley Multifamily
A $91 million loan recently went toward the construction financing for 2150 Kittredge, a 169-unit multifamily building to be built… Read more
Kennedy Wilson Fund Plans to Capitalize on Reno’s Strong Fundamentals
Northtowne Summit, a 220-unit garden-style multifamily property in Reno, NV, recently sold for $66 million. The buyer was Kennedy-Wilson Fund… Read more
Renter Draw Converts to Investor Draw at The Palms
The newly developed Elysian at The Palms apartment community in Las Vegas was recently acquired by Chicago-based Walton Street Capital.… Read more
Crane Index and Quarterly Cost Report Reveals Eye-Opening Stats
International property and construction consultancy firm Rider Levett Bucknall (RLB) recently released its latest Crane Index and Quarterly Cost Report.… Read more
SB’s Las Vegas Buy Marks First Foray into that Market
SB Real Estate Partners recently acquired The Russell Apartments, a 241-unit garden-style apartment home community, for $67 million. This marks… Read more
Meridian Arranges Refi on Suburban Vegas Office Complex
Meridian Capital Group recently arranged $33.7 million on behalf of Hertz Investment Group, a fully integrated real estate firm with properties in… Read more
SB RE Partners Plans Cap Improvements for Portola Redlands
Irvine-based SB Real Estate Partners (SBREP) recently acquired ReNew Redlands, a class-B 124-unit garden-style apartment community located in Redlands, CA… Read more
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… Read more
LaSalle Snaps Up Ely at The Curve for a Cool $156M
Ely at The Curve, a 456-unit mid-rise multifamily complex in the suburban community of Spring Valley in Las Vegas, recently… Read more
The Alexander is the First Midrise in a Sea of Garden Communities
Construction is underway for The Alexander, a new 209-unit four-story multifamily community that emphasizes technology and wellness. The $49 million… Read more
Dealmaking Environment Propels REIT M&A to New Heights
VICI Properties acquiring MGM Growth Properties. Columbia Property Trust being acquired by PIMCO. Kite Realty Group Trust merging with Retail Properties of America. Ventas buying up New… Read more
DraftKings to Occupy Almost an Entire Building at UnCommons
DraftKings Inc. is adding a Las Vegas office location where the company expects to eventually have an expanded team of… Read more
MCA’s Five-Property Acquisition Meets Equity Commitment
MCA Realty recently acquired five assets: two in Washington, two in Las Vegas and one in Orange, CA, for a… Read more
Tides at Spring Mountain Marks Tides’ Fifth Acquisition in Las Vegas
Tides Equities recently closed escrow on a 225-unit apartment complex in Las Vegas for $35.5 million. The asset will be… Read more
Blackstone Reaches $5.7B Agreement for Sale of The Cosmopolitan in Vegas
Blackstone Real Estate Partners VII L.P. said Monday it had agreed to sell The Cosmopolitan of Las Vegas for $5.65 billion. The sale price… Read more