Coldwell Banker Premier Realty


A Rundown of some of the larger real estate transactions throughout last year and this year to date.
Posted: April 02, 2015 by Jesse Olive

Las Vegas Strip Photo
Cosmopolitan - Las Vegas Hospitality Cosmopolitan $1,730,000,000 1,000,807 sq.ft 2,995 room hotel and casino Purchased by Blackstone Group from Deutsche Bank
Downtown Summerlin - Las Vegas Downtown Summerlin Fashion, dining and entertainment 1.6 million sq.ft Shopping opened 2014 Multifamily, hotel
The Linq - Las Vegas The Linq The Linq Promenade includes dining, shopping and entertainment, with a 550-foot observation wheel Hotel is 2,640 rooms Casino is 118,000 sq.ft The observation wheel, called the High Roller, opened in March 2014
Bazaar Shops - Las Vegas Grand Bazaar Shops Open-air market with world known brands and unique retailers Opened February 2015 Project tends to target millennials
SLS Hotel & Casino - Las Vegas SLS Hotel & Casino Casino, Hotel and Nightlife 1,600 guest rooms Opened late 2014 Was formerly the shuttered Sahara Hotel & Casino
Showcase Mall - Las Vegas Showcase Mall 3769-3771 S Las Vegas Blvd $139,500,000 95,714 sq.ft Built in 2009 100% occupied
Showcase Mall - Las Vegas Retail Showcase Mall Phase I 3785 & 3769 S Las Vegas Blvd $145,000,000 182,755 sq.ft Built in 1997 Traded at an estimatd 6% cap rate
Office Metropolitan Police Department Headquarters - Las Vegas Office Metropolitan Police Department HQ $205,000,000 3 buildings/373,327 sq.ft Built in 2011 Purchased by Clark County with LVMP as tenant
Marnell Corporate Center - Las Vegas Office Marnell Corporate Center $39,350,000 3 buildings/176,960 sq.ft Built in 2004,2005 & 2006 Had a blended occupancy of 76% at sale
Savannah Apartment Homes - Las Vegas Multifamily Savannah Apartment Homes $73,050,000 472 units Built in 1999 Cap rate was estimated to be 5.2%
Industrial Building - Las Vegas Industrial 7445 Dean Martin Rd Portfolio $21,000,000 208,076 sq.ft Built in 2007 Cap rate was estimated to be 6.81% at 95% occupied
Toll Brothers Purchase Land - Las Vegas Residential Land Toll Brothers Purchase-Southwest Valley $44,800,000 110.7 acres Plans include an active adult community. It should be noted that many Howard Hughes sales to homebuilders are not exactly arms-length so price per-acre may not reflect market.
Monte Chiaro Condo Site - Las Vegas Residential/Commercial Land Monte Chiaro Condo Site $22,500,000 53 acres Originally started as an age qualified condo project
IKEA Building Site - Las Vegas Commercial Land IKEA site $21,777,100 26 acres Planned for 351,000 sq.ft store
The Ridges Site - Las Vegas Luxury Single Family Home The Ridges. A Summerlin elite community $8,050,000 12,445 sq.ft on .89 acres 2013 construction of a a contemporary, extremely well featured home.
Queensridge Luxury Condo Building Site - Las Vegas Luxury Condominium One Queensridge Place $7,700,000 15,691 sq.ft The Crown Penthouse. Offered as grey shell. This will no doubt be finished as one of the Valley’s most impressive homes.

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