Citymark Divests Portion of Fund Assets for $140M

Citymark Divests Portion of Fund Assets for $140M

Cleveland-based Citymark Capital exited 50% of its investments in Citymark Capital U.S. Apartment Fund I L.P. with the sale of a trio of multifamily assets in Las Vegas, Atlanta and Phoenix for $138.8 million to undisclosed institutional investors. The buyer for at...
Las Vegas Strip Development Site Trades for $172M

Las Vegas Strip Development Site Trades for $172M

            New York-based Gindi Capital acquired a 9.5-acre property on the Las Vegas Strip for $172 million from FX Luxury Las Vegas, an affiliate of Spectrum Group Management. Located adjacent to Gindi’s other holdings on the Strip, the property is located at...
OpenTable Ranks Top 100 Restaurants in America

OpenTable Ranks Top 100 Restaurants in America

Online restaurant reservation website OpenTable has revealed the top 100 restaurants in America for 2019, according to OpenTable diners. The ranking highlights restaurants around the country based on verified reviews submitted by diners. “Whether a restaurant has...
BKM Bags Nevada Multi-Tenant Industrial for $111M

BKM Bags Nevada Multi-Tenant Industrial for $111M

BKM Capital Partners eclipsed $1 billion in assets under management with the acquisition of Pacific Business Center, an 898,389-square-foot light multi-tenant industrial property in Henderson, NV. The 13-building complex was acquired for $111,250,000 and is BKM’s...
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...