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Luxury apartment complex near Las Vegas Strip sells for nearly $125M
A luxury apartment complicated in the vicinity of the Strip has sold for a sky-higher value, underscoring landlords’ greater hunger for rental properties in Southern Nevada. California authentic estate agency Great Money Group obtained Jade, a new 287-device apartment advanced near the Rio, for $124.5 million. The sale, by developer Jonathan Fore, shut final thirty day period, property information exhibit. All explained to, the sale value amounts to practically $433,798 for each unit, significantly higher than average for the Las Vegas Valley. Condominium complexes on a regular basis trade hands in Southern Nevada, but gross sales dropped sharply in 2020 amid devastating occupation losses and other turmoil sparked by the…