Bridge Investment Group acquired the 336-unit Estates at Westernaire, 3975 N. Nellis Blvd., for $29.9 million, according to an announcement Friday from brokerage firm NorthMarq Multifamily.
Eli Segall
Reporter: Business
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
Eli Segall joined the Review-Journal in 2016, covering real estate until 2023 when he joined the paper's investigations team. He rejoined the RJ's Business desk in 2025 to cover commercial real estate and other topics. Before the RJ, he covered real estate for four years at the Las Vegas Sun. Segall has also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. He has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. He has earned awards from the Nevada Press Association, Best of the West, New York State Society of CPAs, National Association of Real Estate Editors and others.
Las Vegas is one of the most popular places in America to flip houses, even though investors can earn a lot more money elsewhere. And slowly, it seems, they’re catching on to that.
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.
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.
Alpha Wave Investors announced Tuesday that it acquired the 144-unit Cypress Springs rental complex and that it plans to make around $1.7 million worth of upgrades and improvements.
Las Vegas’ housing market is gaining speed with fast-rising prices and increased construction. And as Lawrence Yun sees it, prices won’t tumble anytime soon, and builders need to build more to boost inventory.
Torrance, California-based Partner Engineering and Science announced last month that it acquired risk management company NevadaConstruction Services.
Casino owner Derek Stevens has added to his downtown real estate holdings. Stevens acquired the 11-story office building at 302 E. Carson Ave. and its adjacent parking garage for $39.7 million, property records show.
Seven or eight years ago, Las Vegas’ housing market was all but dead. Today it’s reached the most heated levels in years.
Three builders have teamed up to buy more than 600 acres – and by all accounts, it’s the largest single purchase of a housing site in years.
With renters filling apartments, buyers can’t get enough. Investors bought five Las Vegas Valley apartment complexes for $260 million combined between May 18-29.
With a possible strike looming, the Culinary Union has released survey results showing widespread sexual harassment and safety concerns at Las Vegas casinos.
Las Vegas homebuilders have more than doubled their land purchases this year amid rising sales and prices, a new report shows.
As anyone hunting for tickets can tell you, it can cost a small fortune to get a seat in T-Mobile Arena for the Stanley Cup Final. No surprise there, given the rabid demand for Golden Knights seats and merchandise throughout the playoffs.