58°F
weather icon Mostly Clear

Vintage Vegas apartment complex sold

Las Vegas-based Camino Verde Group, a real estate investment, development and asset management company, has acquired Sherwood Palms, a multifamily property in the Convention Center District of Las Vegas. The apartment community is at 2635-2655 Sherwood St. and is the fourth they have acquired in this neighborhood.

“Sherwood Palms was a great opportunity to restore this vintage Las Vegas property and provide quality workforce housing for workers on the north end of the Las Vegas Strip,” said Kevin Romney, co-founder and managing director of Camino Verde Group. “With the opening of the Convention Center Expansion, Resorts World and Circa, the need for affordable and workforce housing grows. Sherwood Palms fills an important need for that.”

Originally built in 1963, the 24-unit property features two levels of two-bedroom and three-bedroom floor plans up to 1,000 square feet. It includes an enclosed outdoor courtyard, community laundry facility and updated apartment spaces with high-speed internet access and air-conditioning and heating units.

Camino Verde Group plans to renovate the units with new appliances, countertops and floor coverings along with other fixtures and finishings.

“Many of the properties Camino Verde Group acquires are in dire need of rehabilitation and nearly uninhabitable,” Romney said. “We repair holes in the walls, broken windows and security issues to make them both safe and aesthetically pleasing to tenants. We are committed to providing affordable housing that our hard-working industry workers will appreciate.”

The community is just a short drive away from some of the city’s top employers, including the Convention Center, Resorts World, The Westgate, the iconic Strat tower, Fremont Street Experience and the Fashion Show Mall.

Public transportation is a short walk from Sherwood Palms, including the Westgate Monorail Station that can take passengers to the heart of Las Vegas near the McCarran International Airport.

Residents can enjoy a variety of retail and restaurant options throughout the neighborhood, including the Historic Commercial Center District outdoor mall featuring a variety of restaurants, retail shops and entertainment opportunities.

For information on Camino Verde Group’s portfolio of multifamily properties, visit caminoverdegroup.com.

Camino Verde Group LLC is a Las Vegas-based privately held real estate investment, development and asset management company with its sole focus on multifamily and mixed-use real estate. They generate passive income, long-term equity and appreciation for investors and owners through the purchase/development and wise management of property assets and maximizing income exit strategies. For more information on Camino Verde Group, visit caminoverdegroup.com.

THE LATEST
Tour de Summerlin returns April 20

Tour de Summerlin, Southern Nevada’s longest running cycling event, returns to the community April 20. Presented by Howard Hughes, developer of Summerlin and Downtown Summerlin, Tour de Summerlin is expected to draw more than 500 cyclists.

First look at Cello Tower in Symphony Park

Origin at Symphony Park, the new mixed-use development by Red Ridge Development, has unveiled a first look inside Cello Tower.

Lennar showcases Hampton in Cadence

Hampton, Lennar’s newest neighborhood at Cadence, has officially started selling. Hampton features three floor plans, including the Rhett, Ramsey and Reid — town homes with versatile spaces.

Summerlin offers ready-to-move-in homes

The master-planned community of Summerlin offers nearly 100 unique floor plans in approximately 20 neighborhoods throughout nine distinct villages and districts. Homes are available in a variety of styles — from single-family homes to town homes, priced from the $400,000s to more than $1 million. For those looking for quick or immediate occupancy, there are dozens of homes in a variety of styles and price points that are move-in-ready or will be completed within a few months.

Pulte opens Monument at Reverence in Summerlin

The newest neighborhood in the award-winning master-planned community of Summerlin is Monument by Pulte Homes. Located in Reverence, Summerlin’s northernmost village west of the 215 Beltway with multiple neighborhoods developed exclusively by Pulte Homes, Monument offers three unique two-story town home floor plans that range from 1,654 square feet to 1,869 square feet, priced from the high $400,000s.

Couple to celebrate 50th anniversary in new Tri Pointe home

For William and Iris Roche, the North Las Vegas upscale community of Azure Park by Tri Pointe Homes is a family affair. And soon, the retired couple will celebrate their 50th wedding anniversary in their new Azure Park home alongside their three daughters, six grandchildren, two dachshunds, friends and, of course, new neighbors.

Southern Highlands mansion lists for nearly $5M

Nestled within Southern Highlands Country Club, a Tuscan-style estate has hit the Las Vegas market for $4,499,900. John Sullivan, Realtor and team lead of The John Sullivan Group with huntington & ellis, A Real Estate Agency has been selected to represent the home, located at 18 Castle Oaks Court in the Estates, a prestigious community with a private country club.

Trilogy in Summerlin offers ‘lock-and-leave’ lifestyle

Shea Homes, one of nine national homebuilders actively building in the master-planned community of Summerlin, is meeting growing demand for an active lifestyle sought by those ages 55-plus at Trilogy, its popular neighborhood designed with empty nesters and retirees in mind.

Richmond American opens Overture At Cadence

Richmond American Homes has opened its newest neighborhood, Overture, at Cadence. Overture boasts the expansive Boston and Chicago floor plans — stunning paired homes highlighted by vast, tranquil spaces and charming accents throughout.

Trilogy Sunstone to host grand opening Feb. 24

Northwest Las Vegas Valley age-qualified community, 55+ Trilogy Sunstone, is introducing three new model homes from the limited-series Amalfi Collection this month. On Feb. 24 from 1 to 4 p.m., homebuyers are invited to a grand opening celebration, where they can tour the homes and enjoy live music, light appetizers and beverages.