(Read more on the multifamily market.)
LAS VEGAS-A 402-unit apartment property here has changed handsfor $42 million. American Properties Development of Seattle soldthe National Commercial Ventures of Los Angeles.
Built in 1998 at 1200 W. Cheyenne Ave. in North Las Vegas, theproperty has a high percentage of two- and three-bedroom units. Theweighted average unit size is 991 sf and the weighted average rentis $890.
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