Multifamily dwellings can be found in high numbers throughout every major city in America and Nevada is no exception to this rule. Choosing to rent a home instead of purchasing a home can result from a variety of different circumstances. These reasons can be income driven, lifestyle preference or it could simply be a timing issue where an apartment is quicker to settle into for … [Read more...] about Multifamily
Devin Lee
Southern Nevada CCIMEducation, Expertise, Exceptional Professionals
The Certified Commercial Investment Member–CCIM–designation is a mark of excellence within the commercial real estate industry. “The designation provides you with immediate credibility and access to a national and international network of strong brokers,” said Southern Nevada CCIM president elect and a first vice president with CBRE, Roy Fritz. “It took me four years to get … [Read more...] about Southern Nevada CCIM
Northcap Commercial Arranges Sale of 610 and 612 S. 11th St Apartments for $1,125,000
Jerad Roberts, Devin Lee, CCIM and Robin Willett of Northcap Commercial are pleased to announce the recent sale of the 610 and 612 S. 11th Street Apartments for $1,125,000 ($140,625/unit). This sale consisted of 8 units built in 1953, located at 610 and 612 S. 11th Street in Las Vegas, Nevada. This transaction closed on September 6th, 2022. Northcap Commercial represented … [Read more...] about Northcap Commercial Arranges Sale of 610 and 612 S. 11th St Apartments for $1,125,000
Northcap Commercial Arranges Sale of Stax Studios for $8,650,000
Devin Lee, CCIM, Robin Willett and Jerad Roberts of Northcap Commercial are pleased to announce the recent sale of the Stax Studios for $8,650,000 ($196,591/unit). This record price sale for downtown studios consisted of 44 units built in 1963, fully renovated in 2019, located at 501 S. 10th Street in Las Vegas, Nevada. This transaction closed on August 22nd, 2022. Northcap … [Read more...] about Northcap Commercial Arranges Sale of Stax Studios for $8,650,000
Northcap Commercial Arranges Sale of Nevso Cove Apartments for $16,280,000
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
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