Siegel Group Nevada announced Feb. 26 that it spent $4.2 million to buy the 119-unit Solana Square apartments at 450 E. Twain Ave. It’s the 23rd Nevada property for the nameplate.
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Commercial Real Estate
‘Tis the season for housing reports.
Las Vegas should be among the U.S. cities primed for renewed investor interest in commercial real estate, but a new report from a national trade group shows the city may be missing some of the attributes it needs to compete for dollars.
Emeritus Senior Living, which owns three senior housing facilities in Las Vegas, has been bought by Brookdale Senior Living in a deal valued at about $2.8 billion, including $1.4 billion of Emeritus’ mortgage debt.
Developer Rich MacDonald plans to use the recent sale of his DragonRidge Country Club in Henderson as a tax loss while focusing exclusively on selling quarter-acre lots for $360,000 to $400,000 at his MacDonalds Highlands development overlooking the upscale golf course.
Canada-based Pacific Links International has acquired the DragonRidge Country Club for just more than $11 million, adding the private Henderson golf course to its growing portfolio of high-end golf facilities in the Las Vegas Valley.
MIG Real Estate hasn’t snapped the wallet shut on its local commercial real estate shopping spree.
Gordon Miles started the new year with a new job.
A national brokerage firm predicts a year of sustained recovery in the Las Vegas Valley’s commercial real estate markets.
Big homebuilders have been busy in early 2014 snapping up land.