CBRE BROKERS SALES OF TWO APARTMENT COMMUNITIES

HENDERSON AND LAS VEGAS, NEV. — Spence Ballif and Jeff Swinger of CB Richard Ellis’ (CBRE) Las Vegas office have brokered the sales of two apartment communities in the Las Vegas area. The team represented Empire Investments in the disposition of Copper Hills at Whitney Ranch, a 272-unit community located at 981 Whitney Ranch Dr. in Henderson. Artisan acquired the property for $32.9 million.
Additionally, Ballif and Swinger represented Terra Holdings in the sale of Rancho Destino Apartments, a 184-unit complex located on Durango Drive in Las Vegas. Boston-based Colony Realty Partners purchased the property for $24.47 million.