Fremont antes up $34M for Vegas conversion project.Nevada West Development, a Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. based development firm controlled by Kenneth Wooley, Martin Egbert and Robert Weidauer has acquired the 280-unit Chapel Hill Apartments located in Las Vegas, Nevada. The Class A property, located at 9620 West Russell Road Russell Road may refer to one of the following:
Fremont Investment & Loan provided a $34,750,000 loan for the acquisition of the property announced David Sotolov, vice president, senior loan originator in Fremont's Phoenix office. The debt was arranged by Mike Early of Piedmont Piedmont, region, Italy Piedmont (pēd`mŏnt), Ital. Piemonte, region (1991 pop. 4,302,565), 9,807 sq mi (25,400 sq km), NW Italy, bordering on France in the west and on Switzerland in the north. Financial. The apartment acquisition and loan closed on March 20, 2006. Over the past 2 years, Nevada West has performed multiple condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. conversions in Las Vegas including Adagio a·da·gio adv. & adj. Music In a slow tempo, usually considered to be slower than andante but faster than larghetto. Used chiefly as a direction. n. pl. a·da·gios 1. Condominiums, Bella Vita, Riviera Ranch, Montana Condominiums and Chapel Hill's sister property, Tuscano Condominiums. The project consists of 20 two-story buildings. Unit mix is (104) 1 Bed / 1 Bath units, (152) 2 Bed / 2 Bath units and (24) 3 Bed / 3 Bath units. The property has a quality amenity package including gated entries, 80 detached garages, a resort-style pool and spa, fitness center, conference room and media lounge Media Lounge is an audio-visual collective based in Sheffield and London. It comprises members Dave Holloway, Paul Huxley, Tim Parmee, Tom Rose, Paul (Power) Sherlock and Damien Wasylkiw. , clubhouse and open space with barbeques throughout and a tot lot playground. The buyers will spend roughly $1.0 million renovating the property, and individual units are expected to be offered for sale in the mid $100,000's to mid $200,000"s. Fremont is a nationwide commercial real estate lender. |
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