Category – Land – Las Vegas

Terra Firma On Blue Diamond Rd. Sells For $25PSF

Blue Daimond and DecaturNAI Vegas is pleased to announce the successful marketing and sale of Blue Diamond Rd. & Decatur Blvd., Las Vegas, NV. 3.65 acres of land for $4,000,000 on 10/22/2015. The Buyer of this property was 318 Blue Diamond Place, LLC and the Seller was Blue Diamond Place, LLC. NAI Vegas appreciates the opportunity to have worked with the Seller in this successful transaction.

The approximate aggregate value of this sale is $25.15 per square foot of land.


7.79 Acres Of Land On E. Owens Sells For 500K

Newmark logoND Holdings, LLC sold 7.79 acres of vacant land at E. Owens (APN 140-26-102-002 & 003), to Prudent Ventures,LLC. Total consideration was $500,000.00. Ben Millis and Chris Beets of Newmark Grubb Knight Frank represented the buyer in the transaction. Vince Schettler of Colliers International represented the seller in  the transaction.

The approximate aggregate value of this land sale transaction is 1.47 per square foot of land

Berg Team Sells SWC of Rainbow and Windmill For $15+ SF Land

Land at Rainbow BlvdThe Berg Team of Sperry Van Ness represented Rainbow Structures LLC in the sale of the SWC of Rainbow Blvd and Windmill Lane.The parcel size is 3.75 acres and sold for $2,500,000, or $667,000 an acre.  The parcel is a hard corner and is located adjacent to Southwest Marketplace, which is one of the busier Smith’s Centers in Las Vegas.The approximate aggregate value of the transaction equates to $15.30 per square foot of land.

4790 Paradise At Entrance To McCarran International Sells For $570,000

4970 Paradise - LandWill Chafee and Paul Chafee of the NAI Vegas Investment Services Group announces the sale of the 49% remainder interest in land located at 4790 Paradise Road, Las Vegas, NV 89119 for $570,000 on 8/21/2015. NAI Vegas represented both the buyer Grateful Hearts Investment LLC and Alamo Holdings, LLC and the seller Hope Shines Bright Holding Company, Inc.

Woodside Homes and Lennar secure parcels totaling 37 acres in Summerlin’s newest village

The Howard Hughes Corporation® (NYSE: HHC), developer of the Summerlin® master-planned community, announces today the sale of two parcels totaling 37acres in The Cliffs village to Woodside Homes and Lennar, two homebuilders with long track records of development in the community.   In fact Woodside Homes enjoys the distinction as Summerlin’s very first homebuilder with its Panorama Pointe neighborhood in The Hills village that welcomed the community’s first residents in March 1991.  Lennar has been building in Summerlin for nearly 20 years.

Woodside Homes plans to build approximately 72 single-family homes ranging from 2,500 to 3,200 square feet in its new Skystone neighborhood.  Lennar plans to also build approximately 73 homes ranging from 3,100 to 3,800 square feet in its new neighborhood, Jade Ridge.   Woodside plans to open models by year-end 2015, and Lennar plans to open models during first quarter 2017. Woodside and Lennar join Toll Brothers as the first homebuilders in The Cliffs.  Toll Brothers is actively developing Regency, a luxury age-qualified community with models open early 2016.

According to Peggy Chandler, senior vice president, Summerlin, these are the first of many more parcel sales to homebuilders in The Cliffs, Summerlin’s first village in nearly 12 years.  “Given the improved economy and a growing demand for housing, along with the unique design aesthetic of The Cliffs created by its stunning geography, homebuilders are excited about this opportunity,” Chandler said. “The Cliffs’ ‘rugged contemporary’ design standard will provide homebuyers with a home that offers indoor/outdoor living, spectacular scenery and a Summerlin address that includes the community’s hallmark quality of life created by its robust offering of amenities.”

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