Sales Transactions
1. The NRP Group purchased a 7.8-acre site at the NEC of Maule Avenue and Gagnier Blvd. in Las Vegas for $17.1M. Newmark represented the buyer, which plans to develop a four-story, 390-unit residential community. Groundbreaking is expected in Q3 2025, with first occupancy expected in 2027.
2. A joint venture between Cypress West Partners and TPG Angelo Gordon purchased the MacFarlane Medical Centerat 8325 W. Warm Springs Road in Las Vegas. The three-story medical office facility is 39.3KSF and fully leased to seven tenants. The joint venture also picked up two other buildings in Arizona. Transaction details were not disclosed.
