The Calida Group, Cypress Equity Buy 6.1 Acres Inside Hughes Center in Las Vegas for Multifamily Community

by Nellie Day

LAS VEGAS — A joint venture between the Calida Group and Cypress Equity Investments has purchased a 6.1-acre parcel of land inside the Hughes Center in Las Vegas. The JV plans to build a multifamily community at the site. The Hughes Center is a 1.5 million-square-foot office campus with dining options. Curt Allsop, Doug Schuster, Vittal Ram and Angela Bates of ARA Newmark Las Vegas represented the landlord, Equity Office, in this transaction.

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