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    January 6, 2025 - 6:01 am

    Clark County saw significant commercial real estate transactions in 2024, with multifamily projects changing hands being among the biggest deals. Several brokers attribute this trend to pandemic-era financing issues affecting Las Vegas Valley apartment complex owners.

    Here are the top five commercial real estate deals of the year through Dec. 16:

    1. 6401 Howdy Wells Ave., Clark County

    Prologis L.P. sold a 64-acre Amazon.com facility near North Las Vegas for $129 million in October to Prologis-Exchange NV 2007 LLC, a subsidiary controlled by the company.

    2. Fountainbleau Las Vegas

    The developer of Fontainebleau Las Vegas purchased prime land from the Las Vegas Convention & Visitors Authority on the Strip south of their current casino and hotel for $112 million in November. The land is part of a larger site where the Riviera once stood.

    3. Vacant land in Summerlin

    Kennedy Lewis Investment Management bought 88 acres of vacant land zoned single-family and multifamily residential in Summerlin West from Howard Hughes Company for $107 million in September. The land borders Red Rock Canyon.

    4. 2701 N. Rainbow Blvd., Las Vegas

    The Met Las Vegas, an apartment community with 480 living units, sold for $104 million to The Met Owner LLC in November. The property was first constructed in 1989 and is located southeast of MountainView Hospital.

    5. 100 E. Warm Springs Road, Henderson

    Element 12 at Cadence, a luxury apartment complex built in 2023 with 265 living units over four stories, sold for $103 million to Sunroad Element 12 Apartments LLC in October.