Robin Willett, Devin Lee, CCIM and Jerad Roberts of Northcap Commercial are pleased to announce the recent sale of the Nevso Cove Apartments for $16,280,000 ($290,714/unit). This sale consisted of 56 units built in 2001 located at 8780 W. Nevso Drive in Las Vegas, Nevada. This off-market transaction closed on July 12th, 2022. Northcap Commercial represented the … [Read more...] about Northcap Commercial Arranges Sale of Nevso Cove Apartments for $16,280,000
Devin Lee
Industry FocusCommercial Brokers
The past year of pandemic related hurdles has presented unique challenges for commercial real estate (CRE) professionals. Each submarket was affected differently by COVID and the market shifted to reflect those changes. Recently, executives representing commercial real estate in Nevada met virtually in a roundtable sponsored by City National Bank to discuss the changes to the … [Read more...] about Industry Focus
Multi-Family in NevadaLet’s Get Vertical
When the pandemic locked Nevada into quarantine in 2020, multi-family commercial real estate market professionals braced for bad news. With the state essentially at a standstill, the most likely scenario was the multi-family commercial real estate market would take a direct economic hit. Instead, the opposite happened. The pandemic accelerated the market nationally, and the … [Read more...] about Multi-Family in Nevada
Trending UpMulti-Family in Nevada
Multi-family developers in Nevada are convinced a strong trend in the segment will continue for the foreseeable future. The U.S. is in the longest economic expansion in history and with it has brought a boom in multi-family developments in Nevada. David Picerne has been involved in Clark County multi-family developments since 1986, and he’s cautiously optimistic … [Read more...] about Trending Up
Northcap Commercial Multifamily Arranges Sale of Casa Bonita & Valley Vista Apartments for $7,150,000
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber, of Northcap Commercial Multifamily, are pleased to announce the recent sales of Casa Bonita Apartments and Valley Vista Apartments for $7,150,000 ($99,305/unit). This sale consisted of 72 multifamily units built in 2004, located at 1411 N. 23rd Street and 2930 Mountain Vista Street in Las Vegas, Nevada. This … [Read more...] about Northcap Commercial Multifamily Arranges Sale of Casa Bonita & Valley Vista Apartments for $7,150,000
Northcap Commercial Arranges Sale of Swenson Apartments for $4,350,000
Jerad Roberts, Devin Lee, CCIM, Robin Willett, and Jason Dittenber of Northcap Commercial Multifamily, are pleased to announce the recent sale of Swenson Apartments for $4,350,000 ($58,784/unit). This sale consisted of 74 multifamily units built in 1972, located at 3850 Daisy Street in Las Vegas, Nevada. This off-market transaction closed on October 10, 2018. Northcap … [Read more...] about Northcap Commercial Arranges Sale of Swenson Apartments for $4,350,000
Northcap Commercial Multifamily Arranges Sale of Tara Vista Apartments for $4,307,000
Robin Willett, Devin Lee, CCIM, Jerad Roberts, and Jason Dittenber, of Northcap Commercial Multifamily, are pleased to announce the recent sale of Tara Vista Apartments for $4,307,000 ($76,910/unit). This sale consisted of 56 multifamily units built in 1963, located at 3883, 3931, 3979 Tara Ave in Las Vegas, Nevada. This off-market transaction closed on August 24, 2018. … [Read more...] about Northcap Commercial Multifamily Arranges Sale of Tara Vista Apartments for $4,307,000
Northcap Commercial Multifamily Arranges Sale of Tammany Hall & Rochelle Manor Apartments for $7,475,000
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of Tammany Hall and Rochelle Manor Apartments for $7,475,000 ($50,168/unit). This sale consisted of 149 multifamily units built in 1972, located at 4320, 4340 and 4386 Escondido Street in Las Vegas, Nevada. The purchaser of this value-add … [Read more...] about Northcap Commercial Multifamily Arranges Sale of Tammany Hall & Rochelle Manor Apartments for $7,475,000
Northcap Commercial Multifamily Arranges Sale of Flower Terrace for $2,500,000
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of Flower Terrace Apartments for $2,500,000 ($62,500/unit). This sale consisted of 40 multifamily units built in 1963, located at 225 Flower Ave in Las Vegas, Nevada. This off-market transaction closed on July 11, 2018. Northcap Multifamily … [Read more...] about Northcap Commercial Multifamily Arranges Sale of Flower Terrace for $2,500,000
Northcap Multifamily Arranges Sale of La Esperanza Apartments for $4,508,000
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of La Esperanza Apartments for $4,508,000 ($62,611/unit). This sale consisted of 72 multifamily units built in 1962, located at 900 to 1208 E. Carey Avenue, in N. Las Vegas, Nevada. This multiple parcel assemblage assemblage required simultaneous … [Read more...] about Northcap Multifamily Arranges Sale of La Esperanza Apartments for $4,508,000
Northcap Commercial Multifamily Arranges Sale of Cypress Springs Apartments for $15,000,000
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of Cypress Springs Apartments for $15,000,000 ($104,166/unit). This sale consisted of 144 multifamily units built in 1994, located at 3651 N. Rancho Drive, in Las Vegas, Nevada. The purchaser of value-add opportunity plans extensive renovations to … [Read more...] about Northcap Commercial Multifamily Arranges Sale of Cypress Springs Apartments for $15,000,000
Northcap Multifamily Arranges Sale of Fremont Palms for $3,200,000
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of Fremont Palms Apartments for $3,200,000 ($60,377/unit). This sale consisted of 53 multifamily units built in 1979, located at 2540 Fremont Street in Las Vegas, Nevada. This off-market transaction closed on June 22, 2018. Northcap Multifamily … [Read more...] about Northcap Multifamily Arranges Sale of Fremont Palms for $3,200,000
Red Report: October 2016
E Sale, Multi-Family ADDRESS 517 N. 28th St., 89101 BUYER Green Tree Apartment, LLC SELLER Las Vegas Apartments, LLC DETAILS 72 units; $54,166 per unit APN 139-36-110-028 SELLER’S REP Devin Lee, CCIM and Robin Willet of NAI Vegas | The Sauter Multifamily Group H Project, Other ADDRESS 655 E. Lake Mead Pkwy., 89015 CONTRACTOR OF RECORD Core Construction DETAILS A … [Read more...] about Red Report: October 2016
We are CCIM
Instant recognition, credibility in the commercial real estate field is vital in today’s fast paced world of instant everything. The old adage, “you only get one chance to make a first impression” is more accurate than ever. In the realm of commercial real estate, a CCIM designation can speak louder than words when making that critical first impression. The CCIM … [Read more...] about We are CCIM
Red Report: February 2016
E Project, Hotel ADDRESS 1 S. Main St., 89101 CONTRACTOR OF RECORD Breslin Builders DETAILS The Plaza Hotel & Casino in downtown Las Vegas has begun an extensive, multi-million dollar renovation to its rooftop pool including resurfacing and maintenance to the 70 SF pool deck. The new rooftop pool is slated to reopen this summer. Sale, Multi-Family ADDRESS 2895 E. … [Read more...] about Red Report: February 2016
Red Report: November 2015
E Sale, Multi-Family ADDRESS 310 – 400 S. 11th St., 89101 BUYER BDR Cascadia SELLER Norma Jakubowski DETAILS 57 units; $45,947 per unit APN 139-34-712-101 SELLER REP Michael LaBar and Michael Shaffner of Avison Young Sale, Multi-Family ADDRESS 1823 Santa Paula Dr., 89104 BUYER 1823 Santa Paula Apartments, LLC SELLER Eagle Property Partners, LLC DETAILS 12 units; … [Read more...] about Red Report: November 2015
Red Report: October 2015
E Sale, Industrial ADDRESS 4750 N. Lamb Blvd., 89115 BUYER Bixby Land Company SELLER Pamida Realty, LLC DETAILS 180,000 SF; $15.1 million APN 140-05-111-005 SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank Sale, Industrial ADDRESS 3045 N. Lamb Blvd., 89115 BUYER Robbie Auto, Inc. SELLER Talmer West Bank DETAILS 10,646 SF; $970,000 APN … [Read more...] about Red Report: October 2015
Red Report: August 2015
E Sale, Retail ADDRESS 4741 E. Charleston Blvd., 89104 BUYER H&J Goldman Properties, LLC SELLER 4741 Charleston Acquisition, LLC DETAILS 4,600 SF; $662,644 APN 161-05-510-007 BUYER’S REP Neil Dela Cruz and Hillary Steinberg of MDL Group SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank Lease, Industrial ADDRESS 2542 Abels Ln., 89115 TENANT … [Read more...] about Red Report: August 2015
Red Report: July 2015
E Project, Industrial ADDRESS 5402 E. El Campo Grande Ave., 89115 CONTRACTOR OF RECORD Burke Construction Group DETAILS Burke Construction Group recently completed the 180,000 SF Bed, Bath & Beyond Harmon Distribution Facility Center. Developed by Thomas and Mack Development Group and designed by CASCO, the $5.2 million project included the construction of 120,000 SF of … [Read more...] about Red Report: July 2015
Southern Nevada CCIM Chapter Announces New President Robin Civish, CCIM with the 2015 Board of Directors
The Southern Nevada CCIM Chapter has announced the new Executive Officers and Board of Directors for 2015 with Robin Civish, CCIM serving as president of the chapter beginning January 1. Civish of Voit Real Estate Services in Las Vegas received her CCIM designation in 2009 and has served as a chapter director since 2010. She is a specialist in the retail industry and has … [Read more...] about Southern Nevada CCIM Chapter Announces New President Robin Civish, CCIM with the 2015 Board of Directors