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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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Cushman & Wakefield arranges $18.5 Million Sale of Emerald Suites South in Las Vegas, NV |
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Friday, May 18, 2012
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Las Vegas, NV
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Cushman & Wakefield/Commerce and Cushman & Wakefield Global Hospitality, as exclusive listing brokers for Bank of America, N.A., are pleased to announce the sale of the Emerald Suites South Extended-Stay Apartments in Las Vegas, Nevada to a private family trust for a sale price of $18,500,000 ($46,717/unit - $101/sf) in a transaction that closed May 2012.
For your reference summary information on the property remains available at:
www.comre.com/EmeraldSuites
Cushman & Wakefield/Commerce
Geoffrey P. West
Director
Las Vegas Investment Properties
(702) 688-6936
gwest@comre.com
Pete Shelton
Senior Director
National Multi-Housing Group
(425) 201-1214
Pete.Shelton@comre.com
Kim Grant
Broker
National Multi-Housing Group
(425) 201-1210
Kim.Grant@comre.com
Cushman & Wakefield Global Hospitality
Stephen E. O’Connor
Senior Director
Equity, Debt, and Structured Finance
(213) 629-6521
stephen.oconnor@cushwake.com
CA RE License: 01834689
Stephen P. Michels
Associate
Equity, Debt, and Structured Finance
(213) 955-6450
stephen.michels@cushwake.com
CA RE License: 01879440
Cushman & Wakefield/Commerce
3980 Howard Hughes Pkwy., Ste 100
Las Vegas, NV 89169
Phone: (702) 796-7900
Fax: (702) 796-7920
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About Cushman & Wakefield Sonnenblick Goldman
Cushman & Wakefield Sonnenblick Goldman is the industry’s leading independent real estate investment banking firm. The firm was founded as Sonnenblick Goldman in 1893 and it merged with Cushman & Wakefield in 2007. Cushman & Wakefield Sonnenblick Goldman provides a full range of real estate financial services, including debt and equity placements, joint ventures, hospitality investment sales and workout advisory services, and it collaborates world-wide with other divisions of Cushman & Wakefield. Further information can be found at the firm’s website at www.cushwake.com/sonngold.
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