Apple Plans $1B Nevada Data Center Expansion

Apple Plans $1B Nevada Data Center Expansion

Apple plans a $1-billion expansion of its massive data center east of Reno, NV, doubling its investment and roughly tripling its workforce at the technology campus in the Truckee River canyon.  Reno also approved a plan by Apple to build a $4-million shipping and...
1,150-Acre Las Vegas Land Site Listed for $90M

1,150-Acre Las Vegas Land Site Listed for $90M

NKF is bringing to market 1,150 acres of contiguous land in Las Vegas at Mount Potosi Canyon Road. Listed at roughly $90 million, the site has been approved as a master-planned residential community with 1,250 proposed units — ranging from single-family homes on...
Bascom Completes $235M 11-Property MF Portfolio Refi

Bascom Completes $235M 11-Property MF Portfolio Refi

The Bascom Group, LLC completed a $235-million refinance of an 11-property multifamily portfolio spanning five states. Most the new loans are interest-only with spreads over LIBOR ranging from 180 bps to 200 bps and interest-only periods of 24-36 months. CBRE’s Brian...
NKF Handling Las Vegas Strip Sale for Passco

NKF Handling Las Vegas Strip Sale for Passco

Silver City Plaza, a 100%-leased retail center at the epicenter of more than $10 billion of development activity on the Las Vegas Strip, has been listed for sale. NKF is handling the listing for Irvine, CA-based Passco Companies, LLC in a deal expected to garner...
Caesars Selling Las Vegas’ Rio for $516M

Caesars Selling Las Vegas’ Rio for $516M

Caesars Entertainment Corporation is selling the Rio All-Suite Hotel & Casino in Las Vegas to a company controlled by a principal of Imperial Companies for $516.3 million. Caesars will continue to operate the property under a lease for a minimum of two years and...
Google Building $600M Data Center in Nevada

Google Building $600M Data Center in Nevada

Google plans to build a $600-million data center in Henderson, NV. The 64-acre site on Warm Springs Road, west of Boulder Highway, will be developed by Design LLC, a wholly-owned subsidiary of Google, which received $25.2 million in state tax abatements. Google will...
Security Properties Snags Vegas MF from PCCP for $80M

Security Properties Snags Vegas MF from PCCP for $80M

Seattle-based Security Properties acquired the Lofts at 7100, a Class A wrap-style multifamily property in Las Vegas from PCCP for $80 million. The Northwest Las Vegas submarket asset was originally developed in 2008, and includes a total of 379 residential units. The...
Blackstone REIT Buying Bellagio in $4.25B Sale-Leaseback

Blackstone REIT Buying Bellagio in $4.25B Sale-Leaseback

              Blackstone Real Estate Income Trust (BREIT) formed a 95%/5% BREIT-led joint venture with MGM Resorts International to acquire the real estate assets of the Bellagio in Las Vegas for $4.25 billion. The sale-leaseback transaction, which is expected to...