TWO APARTMENT PROJECTS TRADE HANDS FOR $7.8 MILLION

BOULDER CITY, NEV. — M&M Boulder City Apartments LLC, a group of metropolitan Detroit real estate investors, has acquired two apartment projects totaling 106 units in Boulder City for $7.8 million. The projects include Casa De Alicia, a 50-unit, 39,009-square-foot Class-B apartment complex; and M&M II, a 56-unit, 35,024-square-foot property. The properties offer one-, two- and three-bedroom units ranging in size from 617 to 944 square feet. The investment group included principals of Broder & Sachse Real Estate Services Inc. and members of M Group Inc.; both companies are based in Birmingham, Mich.