Condo sales are picking up in Las Vegas. The Ogden, a 21-story condo tower in the market, has reached 95% sold, with only 15 condo units left.

A partnership between Dune Real Estate Properties and KRE Capital LLC purchased the asset in 2013 as DK Las Vegas. Condo sales began to increase last year, and the ownership invested $5 million in the property to capture the new demand.

The remaining condos are all in the premier collection floor plan. The units average 2,044-square-feet with four bedrooms and are priced at $739,900. The other units are two to three bedroom floor plans totaling 1,333 to 1,847 square feet and priced from $426,900 to $594,900.

|

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Las Vegas
Multifamily
Capital Markets