Developer Lyon Living acquired The Gramercy’s two four-story apartment buildings and 12.6 acres of vacant land and parking lots. The $45.75 million purchase closed May 31, property records show.
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Summerlin is one of the most popular places to live in Las Vegas, and as any homebuilder can tell you, buying land there isn’t cheap.
Las Vegas house prices have climbed fast and could reach their pre-recession peak later this year, a new report says.