Randall Martin Purchases 25 Acres in North Las Vegas

May 20, 2014 - PRLog -- SCOTTSDALE, Ariz. – Three months after closing on a 20 acre parcel in the residential community of Shadow Ranch in Las Vegas, Randy Bury, president of Randall Martin is partnering once again with Soundview Real Estate Partners to make another investments in the north Las Vegas area. The infill property includes 25 partially developed acres, totaling 102 lots in the residential community of Las Sendas. The deal closes Monday, May 12 for $1,965,000.

The 25 acre property is located at East Lake Mead Boulevard and Marion Drive, and features larger lot sizes appealing to growing families. The community is conveniently situated near Sunrise Vista golf course and Nellis Air Force Base, and is in walking distance from neighborhood schools. The property was purchased from an entity created by a joint venture between Rialto Capital and the FDIC. Heidi Bretthauer with South Bay Reality was the broker on the transaction.

“We are investing here because it’s a good location for families to live, and we see strong economic indicators in the market that will stimulate demand for housing,” explains Bury. Already entitled with partially improved lots, KTGY was the architect, and Taney Engineering was the civil engineer and planning consultant for the project.

Randall Martin is a real estate investment firm based in Scottsdale, Arizona that specializes in purchasing raw land for development and sale in the Southwest. The company also provides advisory services to real estate investors and developers seeking assistance in asset management and entitlement. Soundview Real Estate Partners, based in Connecticut, invests in retail, office, light industrial and multi-family real estate in select national markets.

For more information about Randall Martin’s real estate investment opportunities and services, visit randallmartin.com or contact Randy Bury at 480-993-7690.