SHORT PROPERTY: JULY 10

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Local developer buys apartments in the city center

Camino Verde Group, a Las Vegas-based real estate investment, development and asset management company, has acquired the Camino 2630 apartments in downtown Las Vegas. The apartment complex at 2630 Sherwood Street is the fifth historic apartment building the firm bought to renovate in the area.

“Las Vegas is short of rentable apartments right now, so it’s vital to renovate these apartment buildings and bring them back to the rental market,” said Kevin Romney, co-founder and managing director of Camino Verde Group. “This is our fifth property that we have purchased in the community. Through these acquisitions, we hope to help rehabilitate living spaces in downtown Las Vegas to bring this once-thriving neighborhood back to life. ”

The residential building of 20 apartments was built in 1965 and consists of two floors of spacious one- and two-room layouts. At the center of the community is an open courtyard, enclosed by a gate for added security.

Camino Verde Group plans to renovate Camino 2630 apartments with roof renovations, courtyard renovations and landscaping, fresh paint, air conditioning repairs or replacements, plumbing and electrical repairs, stucco and concrete repairs, updated security systems and signage. …

“This building is over 50 years old and in need of significant refurbishment,” Romney said. “When we purchase an abandoned property like this, we do the necessary renovations and upgrades to bring it back to a state that makes it safe and comfortable for residents.”

The community is just a short drive from some of the city’s top employers, including the convention center, newly opened Resorts World, Westgate, Strat Tower, Fremont Street Experience, and Fashion Show Mall.

The Camino 2630 Apartments are close to public transportation, including the Westgate Monorail Station, which takes passengers to downtown Las Vegas, close to McCarran International Airport.

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Tri Pointe earns Great Place to Work certification

Tri Pointe Homes has announced its recognition as a Great Place to Work Certified Company for 2021-2022. Great Place to Work certification is recognized worldwide by both employees and employers, with more than 10,000 companies in 60 countries applying for certification annually.

“As a company with a people-centered philosophy, we are very proud to be called a great place to work,” said Doug Bauer, CEO of Tri Pointe Homes. “Passionate culture is one of the key ingredients of Tri Pointe Homes, so this recognition is especially gratifying. It is truly a tribute to our hardworking and talented team members who demonstrate their day-to-day commitment to the life-changing business of designing and building innovative new homes and vibrant communities where families can thrive. ”

The certification process showed that 90 percent of Tri Pointe Homes employees believe this is a great place to work, compared to 59 percent of employees in a typical American company. Ninety-six percent of team members said that when you join a company, you feel welcomed, and 93 percent said they proudly told others that they worked there.

“One of the core tenets of Tri Pointe Homes is the HEART, which embodies our core values ​​of Humility, Empowerment, Authenticity, Outcome and Team and guides our behavior,” said Heather Breydenthal, Tri Pointe Homes Director of Human Resources. “Following this guiding principle has allowed us to grow a team of passionate people who see our mission as a true calling. We always strive to make a positive impact through the way we conduct our business, and this also applies to the people who make the business manageable. ”

LGI reports record June

LGI Homes Inc. announced nationwide closures of 997 homes in June, up from 760 homes closed in June 2020, representing an increase of 31.2 percent year on year. In addition, the company announced record closings in 2,856 quarters in the second quarter of 2021 compared to 2005 closings in the second quarter of 2020, up 42.4 percent from last year. The company completed the first six months of 2021 with a total of 5,417 closures, up 41.1% from the 3,840 closings in the first six months of 2020.

As of June 30, the company had 106 active selling communities.

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