(Read more on the multifamily market.)

LAS VEGAS-The developers of the Sky Las Vegas condominium towerthat opened near the Circus Circus resort at the north end of theLas Vegas Strip this spring sold one of its remaining penthouseunits in "gray shell" condition for $2.7 million. Including a500-sf balcony, the unit totals 3,500 sf, according to thedeveloper. The buyer, from San Francisco, will invest anundisclosed amount to customize the unit, which is on the 42ndfloor of the 44-story building.

Sky Las Vegas, which opened to residents in April, hasapproximately 10% of its 409 units still available for purchase.The size range of the remaining units is 870 sf to 5,500 sf and theprice range is $700,000 to $5 million. Ezra International Realtyhas the sales assignment. The project also includes 43,500 sf ofretail space and 702 parking spaces.

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