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...
NKF Brokers Sale of Las Vegas Multifamily

NKF Brokers Sale of Las Vegas Multifamily

A Las Vegas-based Newmark Knight Frank (NKF) multifamily investment sales specialist team of Angela Bates, Curt Allsop and Vittal Ram has completed the sale of Altura on Tropicana to an undisclosed buyer. The seller, San Diego-based Tower 16 Capital Partners, had...
Kennedy Wilson Claims Five-State MF Portfolio for $342M

Kennedy Wilson Claims Five-State MF Portfolio for $342M

Beverly Hills, CA-based Kennedy Wilson acquired five multifamily properties in an off-market transaction with an undisclosed seller for $342 million. The assets were acquired by various investment vehicles managed by Kennedy Wilson. The communities, located in...