November 6, 2015
NAI 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.
October 20, 2015
ND 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
September 4, 2015
The 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.
September 4, 2015
Will 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.
July 31, 2015
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.”
July 29, 2015
Legacy House of Centennial Hills LLC purchased the approximately 3.51 acres of vacant land located near N. Durango and W. Centennial Pkwy (APN # 12529502009) in Las Vegas. The property closed for $2,400,000 or $15.70/SF. Frank Marretti and Robert Henn of Colliers International represented the buyer.
July 9, 2015
Jarrad Katz SIOR, CCIM & Galit Kimerling of MDL Group finalized a $1,901,786 sale for a ±5.39 acre parcel located at 5800 S. Eastern Ave., in Las Vegas. MDL Group represented the buyer, Eastern Russell 70, LLC. The seller was Seifert Investments.
June 16, 2015
Swecker & Lipp Tenaya Azure, LLC sold 1.43 acres of land at 7285 W. Azure Drive in Las Vegas, to Azure Development, LLC. Total consideration was $560,000.00. Ben Millis, Chris Beets, and David Lipp, CCIM of Newmark Grubb Knight Frank represented the seller in the transaction.
May 31, 2015
Red Rock Leasing Inc sold 4.7 acres of land at NWC E. Gowan Rd & Berg St, to Prudent Ventures LLC & VVP Olsen LLC. Total consideration was $500,000.00. Ben Millis and Chris Beets of Newmark Grubb Knight Frank represented the buyer in the transaction.
April 19, 2015
James R. Marsh sold 1.89 acres of land at S of SWC Durango Dr & Deer Springs, to The 786 Children’s Education Trust. Total consideration was $1,900,000. David Lipp,CCIM of Newmark Grubb Knight Frank represented the seller in the transaction. Asif Abdus of Active Commercial represented the buyer in the transaction.