Press & News

LAS VEGAS LUXURY PROPERTY SELLS FOR $63M

By EVELINA CROITORU, MULTI-HOUSING NEWS, July 5, 2017

Green Leaf Capital Partners acquired Volare Apartment Homes, a garden-style, Class A property. As of May 2017, the community was 91 percent occupied.

REDEVELOPMENT PLANNED FOR CASINO ON PARADISE ROAD

A local real estate developer said Tuesday he acquired majority ownership of the Mardi Gras Hotel & Casino on Paradise Road and plans to redevelop the property. Daniel Grimm of DG Development Corp. didn’t give price for the purchase…

FOR LAS VEGAS RENTERS, PRICEY RESORT-LIKE OPTIONS INCREASING

The Domain apartment complex has quartz countertops, a digital fireplace in the lobby that emits heat, free yoga classes and massages and 50-inch flat-screen TVs in each unit.

The Somerset Hills complex will have a sand volleyball court and dog park. A poolside cabana — dubbed the Cave — will have flat-screen TVs and Xbox gaming systems…

WHAT ABOUT APARTMENTS IN THE VALLEY?

With its sprawling subdivisions of cookie-cutter stucco homes, Las Vegas may not seem like a big apartment market. But the valley has a large number of renters, and this once battered business is rebounding…

360-UNIT APARTMENT COMPLEX PLANNED NEAR SOUTHERN HIGHLANDS

The sluggish economy and halt of real estate development in Las Vegas isn’t keeping a new developer on the sidelines. Daniel Grimm announced plans for a 360-unit apartment complex near Southern Highlands. He completed a land purchase in August.

Grimm, former president ofthe Pacific division of Miami-based Peebles Corp., the developer of Las Palmas Hotel…