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
Northcap Commercial
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
Northcap Commercial Arranges Sale of Destino Villas Apartments for $2,976,000
Jason Dittenber, Jerad Roberts, Devin Lee, CCIM, and Robin Willett of Northcap Commercial, are pleased to announce the recent sale of Destino Villas Apartments for $2,976,000 ($93,000/unit). This sale consisted of 32 multifamily units built in 1982, located at 4500 E. Lake Mead Blvd. in Las Vegas, Nevada. This transaction closed on March 11th, 2021. Northcap Multifamily … [Read more...] about Northcap Commercial Arranges Sale of Destino Villas Apartments for $2,976,000
Northcap Commercial Arranges Sale of Hilltop & Stewart Villas Apartments for $22,150,000
Robin Willett, Devin Lee, CCIM, Jerad Roberts, and Jason Dittenber of Northcap Commercial, are pleased to announce the recent sale of Hilltop Villas and Stewart Villas Apartments for $22,150,000 ($98,009/unit). This sale consisted of 226 multifamily units built in 1963, located at 600 N. 12th Street, 600 N. 13th Street, 601 N. … [Read more...] about Northcap Commercial Arranges Sale of Hilltop & Stewart Villas Apartments for $22,150,000
Northcap Commercial Arranges Sale of Azure Park Apartments for $2,854,000
Jason Dittenber, Devin Lee, CCIM, Jerad Roberts, and Robin Willett of Northcap Commercial, are pleased to announce the recent sale of Azure Park Apartments for $2,854,000 ($89,188/unit). This sale consisted of 32 multifamily units built in 1983, located at 4757, 4761, 4765, 4769, 4773, 4777, 4781 and 4785 Harrison Drive in Las Vegas, Nevada. This … [Read more...] about Northcap Commercial Arranges Sale of Azure Park Apartments for $2,854,000
Northcap Commercial Arranges Sale of MCR Apartments for $6,800,000
Devin Lee, CCIM, Jason Dittenber, Jerad Roberts, and Robin Willett of Northcap Commercial, are pleased to announce the recent sale of MCR Apartments for $6,800,000 ($61,261/unit). This sale consisted of 111 multifamily units built in 1955, located at 226 W. St. Louis Ave in Las Vegas, Nevada. This transaction closed on February 11th, 2021. Northcap Multifamily represented … [Read more...] about Northcap Commercial Arranges Sale of MCR Apartments for $6,800,000
Northcap Commercial Arranges Sale of 2566 Sherwood Street Apartments for $1,700,000
Jason Dittenber, Jerad Roberts, Devin Lee, CCIM, and Robin Willett of Northcap Commercial, are pleased to announce the recent sale of 2566 Sherwood Street Apartments for $1,700,000 ($77,273/unit). This sale consisted of 22 multifamily units built in 1962, located at 2566 Sherwood Street in Las Vegas, Nevada. This transaction closed on January 29th, … [Read more...] about Northcap Commercial Arranges Sale of 2566 Sherwood Street Apartments for $1,700,000
Northcap Commercial Arranges Sale of Camino 1107 Apartments for $3,510,000
Jason Dittenber, Jerad Roberts, Devin Lee, CCIM, and Robin Willett of Northcap Commercial, are pleased to announce the recent sale of Camino 1107 Apartments for $3,510,000 ($97,500/unit). This sale consisted of 36 multifamily units built in 1963, located at 1075, 1089, 1107, 1121 E. Desert Inn Road in Las Vegas, Nevada. This transaction closed on January 21st, 2021. … [Read more...] about Northcap Commercial Arranges Sale of Camino 1107 Apartments for $3,510,000
Northcap Commercial Arranges Sale of Pinehurst Condominiums for $27,278,000
Robin Willett, Devin Lee, CCIM, Jerad Roberts, and Jason Dittenber of Northcap Commercial are pleased to announce the recent sale of Pinehurst Condominiums for $27,278,000 ($138,467/unit). This sale consisted of 197 condominium units located at 6650 W. Warm Springs Road in Las Vegas, Nevada. This transaction closed on January 6th, 2021. Northcap … [Read more...] about Northcap Commercial Arranges Sale of Pinehurst Condominiums for $27,278,000
Northcap Commercial Arranges Sale of Multiple Apartment Properties for $1,405,000
Jason Dittenber, Jerad Roberts, Robin Willett, and Devin Lee, CCIM of Northcap Commercial are pleased to announce the recent sales of the following multifamily properties: 429 N 15th Street (7 units) for $550,000 ($78,571/unit) on December 23rd, 2020 331 N 15th Street (3 units) for $295,000 ($98,333/unit) on December 23rd, 2020 2507 N … [Read more...] about Northcap Commercial Arranges Sale of Multiple Apartment Properties for $1,405,000
Northcap Commercial Arranges Sale of 11.33 Acres of Land for $5,377,268
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber of Northcap Commercial are pleased to announce the recent sale of 11.33 Acres of land (formerly the site of the Moulin Rouge Casino) for $5,377,268 ($474,604/acre). This sale consisted of $3.1 million in cash to the seller and assumption of various city liens. The … [Read more...] about Northcap Commercial Arranges Sale of 11.33 Acres of Land for $5,377,268
Northcap Commercial Arranges Sale of 3782 & 3792 Palos Verdes St Apartments for $1,010,000
Jason Dittenber, Jerad Roberts, Devin Lee, CCIM, and Robin Willett, of Northcap Commercial are pleased to announce the recent sale of 3782 & 3792 Palos Verdes Street Apartments for $1,010,000 ($84,167/unit). This sale consisted of 12 multifamily units located at 3782 & 3792 Palos Verdes Street in Las Vegas, Nevada. This transaction closed on … [Read more...] about Northcap Commercial Arranges Sale of 3782 & 3792 Palos Verdes St Apartments for $1,010,000
Northcap Commercial Arranges Sale of Bella Vida Apartments for $15,000,000
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber of Northcap Commercial are pleased to announce the recent sale of Bella Vida Apartments for $15,000,000 ($208,333/unit). This sale consisted of 72 multifamily units located at 1111 S. Cimarron Road in Las Vegas, Nevada. This transaction closed on November 2nd, 2020. Northcap Commercial … [Read more...] about Northcap Commercial Arranges Sale of Bella Vida Apartments for $15,000,000
Northcap Commercial Arranges Sale of Cypress Springs Apartments for $20,000,000
Devin Lee, CCIM, Robin Willett, Jerad Roberts, and Jason Dittenber of Northcap Commercial are pleased to announce the recent sale of Cypress Springs Apartments for $20,000,000 ($138,889/unit). This sale consisted of 144 multifamily units located at 3651 N. Rancho Drive in Las Vegas, Nevada. This transaction closed on August 21st, 2020. Northcap Commercial … [Read more...] about Northcap Commercial Arranges Sale of Cypress Springs Apartments for $20,000,000
Northcap Commercial Arranges Sale of Pair-A-Dice Mobile Home Park for $5,450,000
Devin Lee, CCIM, Jerad Roberts, Robin Willett, and Jason Dittenber of Northcap Commercial are pleased to announce the recent sale of Pair-A-Dice Mobile Home Park for $5,450,000 ($39,781/unit). This sale consisted of 137 mobile home units in an Opportunity Zone located at 2067 N. Las Vegas Blvd., in N. Las Vegas, Nevada. This transaction closed on June 19th, 2020. Northcap … [Read more...] about Northcap Commercial Arranges Sale of Pair-A-Dice Mobile Home Park for $5,450,000