Las Vegas' Emerald Bay changes hands

The Emerald Bay apartment complex in Las Vegas has been sold for $32.1 million.

Emerald Bay Apartments Las Vegas LLC sold the property, located at 4701 E. Sahara Ave., to an unidentified buyer.

The 319,215-square-foot complex sits on more than 14 acres and includes 37 buildings with four different floor plans. There are 112 one-bedroom, one-bath units with 742 square feet; 96 two-bedroom, one-bath units with 1,014 square feet; 128 two-bedroom, two-bath units with 1,075 square feet; and one two-bedroom, two-bath corporate unit with 1,167 square feet.  more...

Three Resource Square acquired

Triple Net Properties LLC purchased Three Resource Square, a four-story, class A office building in Charlotte, N.C., for an undisclosed price.

The 122,000-square-foot property is situated on nearly 14 acres in the 1,800-acre University Research Park. Constructed in 1999, the property was 98 percent leased at closing to a variety of tenants, including Allstate Insurance Co.  more...

EastGroup buys third Charlotte property

EastGroup Properties recently acquired Nations Ford Business Park in Charlotte, N.C., for a purchase price of $21.1 million.

Nations Ford consists of four buildings containing 456,000 square feet and was built in two phases in 1989 and 1994. The multitenant complex was 92 percent leased to 13 customers at the time of sale.

The acquisition of Nations Ford is EastGroup's third purchase in Charlotte over the past three months, boosting the company's area holdings to 959,000 square feet, said EastGroup President and CEO David H. Hoster II.  more...