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A Golden apartment complex traded hands in a rare multifamily sale in the Denver suburb. Las Vegas-based Sierra Parkway Communities bought the Fox Hill Apartments, a 153-unit community at 17611 West 16th Avenue in Golden, for $32 million, the Denver Business Journal reported. The price pencils out to $209,000 per…
A 41-acre premier mixed-use retail and entertainment destination has traded hands in Sparks, Nevada. Legends at Sparks Marina traded for $103 million. Newmark’s Kyle Miller and Rob Ippolito represented the seller, BIG Shopping Centers USA and RED Development, in the transaction. The property was acquired by Alturas…
SPARKS, NEV. — BIG Shopping Centers USA and Red Development have completed the sale of Legends at Sparks Marina, a 41-acre mixed-use destination in Sparks, to Alturas Capital Partners for $103 million. Kyle Miller and Rob Ippolito of Newmark represented the seller in the deal. Located at 1310 Scheels Drive, Legends…
A vacant 19-story office tower in downtown Phoenix is getting a second life as a 340-room J.W. Marriott, marking a $200 million bet on the city’s still-evolving hospitality market. Las Vegas-based LaPour Partners is converting the tower at 400 East Van Buren Street in the Arizona Center, adding restaurants, a pool,…
LAS VEGAS — Agora Realty has completed construction of Hylo Park South, a 90,750-square-foot grocery-anchored retail center located in North Las Vegas. The property will serve as the central gathering place for Hylo Park, a 73-acre master-planned community that is currently under development. Cardenas Markets…
LAS VEGAS — Agora Realty has completed the construction of Hylo Park South, a 90,750-square-foot grocery-anchored retail center located in North Las Vegas. The property will serve as the central gathering place for Hylo Park, a 73-acre master-planned community currently under development. The 11-acre center is 95…
The Sares Regis Group sold a Las Vegas-area apartment complex for $58 million, nearly $29 million less than they paid for it in 2022. Multihousing News reports that CONAM acquired the 232-unit Alicante through CONAM Strategic Investments Fund IV. Built in 2001, Alicante offers one-, two-, and three-bedroom floor…
RENO, NEV. — Newmark has arranged a $33.5 million Fannie Mae loan to refinance Ascent on Steamboat, a 204-unit community in Reno owned by Elan Multifamily Investments. Newmark’s Lowell Takahashi… The post Newmark Arranges $33.5M Fannie Mae Loan for Ascent on Steamboat in Reno, Nevada appeared first on Multifamily &…
Agora Realty (Agora) has completed construction for Hylo Park South, its 90,750-square-foot grocery-anchored retail center located at the southeast corner of Lake Mead Blvd. and Rancho Drive in the city of North Las Vegas. This retail center will be a central gathering place for Agora’s 73-acre master-planned,…
LAS VEGAS — CONAM Strategic Investments Fund IV, a discretionary investment fund sponsor by The CONAM Group, has acquired the 232-unit Alicante Apartments Homes in Las Vegas’ Spring Valley submarket. Terms of the transaction were not released. Built in 2001 on 11.2 acres, Alicante features one-, two- and…
LAS VEGAS — CONAM Group, through its Strategic Investments Fund IV, has acquired Alicante Apartment Homes, a 232-unit community in Las Vegas’ Spring Valley submarket. The identity of the seller… The post CONAM Acquires 232-Unit Alicante Apartments in Las Vegas appeared first on Multifamily & Affordable Housing…
Had requested the US Bureau of Land Management to swap a solar plant application with the proposed data center
Tract denies the allegations
A Nevada public pension fund is closing on a Peninsula medical office building as part of an all-cash push to double its real estate allocation, wagering that healthcare tenancy will hold its value where traditional office has cratered. The Nevada Public Employees Retirement System is nearing a close on the $62.2…
Waterton has sold Mirasol Apartment Homes, a 400-unit asset in Las Vegas, for $87 million. Tishau Holdings Properties acquired the property. Multihousing News reports Mirasol Apartment Homes, formerly Camden Tiara, previously traded as part of a $140.2 million portfolio deal in 2019 that also included Fairways on…
Idaho-based Alturas Capital Partners has purchased one of the Reno-Sparks market’s largest retail destinations, betting more than $100 million that Northern Nevada’s tight retail fundamentals still have room to run. Alturas Capital Partners, an Eagle, Idaho, real estate investment and operating firm, has acquired…
An out-of-state investor made its Washington debut with a $45 million multifamily acquisition in Greater Seattle. Reno, Nevada-based Oso Capital Advisors purchased the 198-unit Bower Village apartment complex in Kent, the Puget Sound Business Journal reported. An affiliate of Canadian real estate investment trust…
SPARKS, NEV. — Idaho-based Alturas Capital Partners has purchased Legends at Sparks Marina, a 421,000-square-foot mixed-use lifestyle center in Sparks. Terms of the transaction were not disclosed. The transaction, which closed on July 23, will be added to the Alturas Real Estate Fund. This acquisition brings the…
Area 15 in Las Vegas is a retail and entertainment complex featuring shops and food and beverage outlets in addition to attractions that take the complex far beyond traditional retail. Inside Area 15, which New York-based Fisher Brothers developed, Interstellar Arc bills itself as “the world’s largest VR…
Las Vegas' industrial market experienced a slight vacancy tightening to 12.7% in first quarter 2026 as net absorption of 1.5 million square feet outpaced construction deliveries of 1.3 million square feet, with major transactions including PepsiCo's 1.0 million square foot pre-lease at North Vegas Logistics Center and DHL's 1.3 million square foot multi-building move-in. Local employment declined 0.8% year-over-year while leasing activity declined from strong 2025 levels amid headwinds from slowing population growth, elevated housing costs, and a depressed labor market.
Las Vegas's office market recorded a 12.4% total vacancy rate in first quarter 2026 (down 30 basis points from year-end 2025), with modest net absorption of 206,410 square feet, while office-using employment totaled 238,000 jobs in December 2025, up 7.8% from pre-pandemic levels but down 2.2% year-over-year. The market faces headwinds from a sluggish housing sector, declining tourism, geopolitical tensions, and an empty construction pipeline with no new professional office projects delivered since 2024, though limited supply and steady renewal activity are expected to eventually drive moderate rent increases as Class A space continues to lease quickly while older inventory struggles.
Cushman & Wakefield's Q1 2026 Las Vegas multifamily market report shows the metro added 312 units across one property while maintaining resilient demand with net absorption of 403 units, resulting in a vacancy rate decline to 10.6% and an effective rent of $1,451 per unit. Economic conditions improved with Las Vegas employment at 1.2 million, unemployment falling to 5.5%, and median household income reaching $84,400, while the construction pipeline compressed to 5,487 units underway—its lowest level since 2021—with year-end deliveries expected to reach 4,880 units, 46% above the 10-year average.
Cushman & Wakefield's Q1 2026 Las Vegas industrial market report documents an 11.4% overall vacancy rate driven by 1.4 million square feet of new deliveries, while leasing activity of 3.0 million square feet (up 62% year-over-year) and consistent net absorption of 836,000 square feet sustained market fundamentals despite elevated supply. Average asking rents slightly declined to $1.07 per square foot, and the metro area's employment reached 1.2 million with unemployment falling to 5.5%, signaling continued economic growth and tenant demand sufficient to gradually absorb recent inventory additions as construction activity moderates.
Las Vegas retail vacancy climbed to 6.1% in Q4 2025 while asking rent increased to $2.06 per square foot, with the market recording $543.5 million in annual sales volume, a 54% year-over-year gain reflecting renewed liquidity and strengthened pricing at $283.57 per square foot. The metro economy added jobs with unemployment falling to 5.6%, median household income reaching $81,300, and Lifestyle Centers posting the strongest annual occupancy gains of 52,250 square feet as tenants gravitated toward amenitized, destination-oriented environments.
This is a first-quarter 2026 office market data report published by CBRE covering Las Vegas, Nevada, and related geographic areas.
In Q1 2026, the Las Vegas office market recorded 12.5% overall vacancy, $2.35 asking rent per square foot, and 299,000 square feet of year-to-date net absorption, with the unemployment rate at 5.5% and 1.2 million jobs in the metro area. Class A vacancy declined 200 basis points quarter-over-quarter to 19.4% as tenants pursued suburban amenity-rich properties, Class B tightened to 11.2%, and limited future pipeline supply is expected to gradually constrain availability and support a more landlord-favorable environment.
This is a first-quarter 2026 industrial market data report published by CBRE covering Las Vegas, Nevada and related regional markets.
This is a retail market report for Las Vegas published by CBRE in June 2025, covering the second quarter of 2025. The report provides a summary of market conditions in the Las Vegas retail sector.