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Matter Real Estate Group Pays $7.1M for 33 Acres in North Las Vegas

The 32.75-acre site across from North Las Vegas Airport. Credit: Newmark Knight Frank (NKF) San Diego-based Matter Real Estate Group, a full-service investment and development firm, purchased a 32.75-acre site in North Las Vegas, Nevada, from Qualcomm Technologies for $7.13 million, or about $218,000 per acre. The site will be transformed into Matter Logistics Center…

Las Vegas Apartment Complex Trades for $11.5 Million

The 191-unit Desert Manor apartment complex in Las Vegas. A private investor based in Altherton, California, purchased a 191-unit apartment complex in Las Vegas from 1060 Broadway based in Los Angeles. Desert Manor sold for $11.53 million, or about $60,000 per unit. The low-rise complex at 629 S. Main St. comprises studio and one-bedroom units…

Lexington Realty Trust Sells $726 Million Office Portfolio as Focus Shifts to Single-Tenant, Net-Leased Industrial Properties

Davidson Kempner Buys 80% Interest with Lexington Holding Remainder of Joint Venture September 4, 2018 The 200,000-square-foot AvidExchange office building in Charlotte, North Carolina, was one of 21 Lexington Realty Trust sold to a new joint venture. Lexington Realty Trust sold its majority ownership in a portfolio of 21 office buildings for $726 million to…

Dornin Investment Group Sells Class A Office Bldg. in Las Vegas

The 68,286-square-foot Marnell Corporate Center 3 (MCC 3) office building in Las Vegas. Dornin Investment Group (DIG) sold a Class A, 68,286-square-foot office building at Marnell Corporate Center in Las Vegas to a new private investor group managed by DIG. Marnell Corporate Center 3 (MCC 3) sold for an undisclosed price. The three-story structure at…