Team Overview
By integrating market research with proprietary investor databases, the CBRE Multifamily team analyzes market cycles, anticipates trends, and commands capital in local, national, and global markets. Our clients also benefit from leading edge commentary and statistical data, provided by CBRE Econometric Advisors, on topics across every facet of investment real estate.
Our knowledge is organic, meaning our team does not wait on third party vendors for market data essential to underwriting and closing a deal. We set the industry standard for market intelligence by utilizing our integrated network of professionals and our vast commercial real estate database.
Team Profile
CBRE is highly qualified to manage the marketing and sale of any multifamily communities in Las Vegas. The marketing team has the experience committed to delivering superior results for our clients. We are confident that we can provide you with the best representation in the market to achieve the highest value in the most efficient manner.
Spencer Ballif specializes in 100+ unit multifamily communities and has over 30 years of experience marketing and selling assets throughout the Las Vegas Valley. His unmatched research and understanding of current and future trends in the Las Vegas market has resulted in over 76,000 units at a collective value of over $7.4 billion in apartment sales. Spencer serves as the main point of contact on transactions and conducts the majority of property tours. Jannie Mongkolsakulkit joined the team in 2010 and has assisted with over $4.9 billion in sales. She takes pride in supporting the team’s direct marketing efforts as well as help serves as our clients’ liaison during the due diligence process. Adam Schmitt became a part of the team in 2015. He strives to gather valuable market data and provide informative marketing materials. Adam is directly involved in property tours and has assisted in over $3.7 billion in sales. This unparalleled knowledge of market conditions, their extensive market information, and transaction experience enables clients to make informed decisions with results that consistently surpass the client’s expectations.
Our Team
Success Stories
CBRE’s Las Vegas office has continually dominated the market in apartment sales. Since 1993, the marketing team has participated in over $6.9 billion in apartment sales that represents over 73,000 units. In 2014 and 2015, the marketing team closed just under 6,500 units totaling over $580 million in volume. In 2016, we closed $1.1 billion (9,298 units). Overall, the Las Vegas market closed over $2.4 billion in total sales. Our team participated in 45% market share in the valley’s total sales in 2016. In 2017, we completed approximately $470 million totaling 3,747 units and in 2018, we completed 5,058 units, valued at over $574 million. We closed over $1 billion in 2019, representing over 6,000 units. In 2020, we closed $186.5 million in sales, which represented just under 20% of the total market. As of July 2021, we have completed over $377 million in sales, totaling 1,762 units.
We have the deepest database of the most qualified buyers for Las Vegas, which is the key to creating a competitive atmosphere. We have sold more transactions than any other brokerage in Las Vegas and over 60% of the transactions we complete, are to a new buyer we have not done business with before.
Recent Transactions
- ReNew 2900
2900 El Camino Ave
Las Vegas, NV 89102
Type: Multifamily
Total Units: 312
Year Built: 1977
Sold Date: August 2021
Sold Price: $60,000,000
- Vida Las Vegas
5060 W Hacienda Ave
Las Vegas, NV 89118
Type: Multifamily
Total Units: 252
Year Built: 1999
Sold Date: July 2021
Sold Price: $56,150,000 - Villa Serena
325 N Gibson Rd
Henderson, NV 89014
Type: Multifamily
Total Units: 288
Year Built: 1996
Sold Date: April 2021
Sold Price: $68,000,000
- Vegas Towers
1055 E Flamingo Rd
Las Vegas, NV 89119
Type: Multifamily
Total Units: 456
Year Built: 1974
Sold Date: January 2020
Sold Price: $104,000,000 - Bloom
7075 W Gowan Rd
Las Vegas, NV 89129
Type: Multifamily
Total Units: 528
Year Built: 1995
Sold Date: November 2019
Sold Price: $106,500,000
SOLD AS PORTFOLIO - Rancho Verde
98 S MLK Blvd
Las Vegas, NV 89106
Type: Multifamily
Total Units: 264
Year Built: 1979
Sold Date: October 2019
Sold Price: $26,000,000 - Woodcreek
4485 Pennwood Ave
Las Vegas, NV 89102
Type: Multifamily
Total Units: 232
Year Built: 1978
Sold Date: September 2019
Sold Price: $22,950,000 - Mirasol
2180 E Warm Springs Rd
Las Vegas, NV 89119
Type: Multifamily
Total Units: 400
Year Built: 1996
Sold Date: June 2019
Sold Price: $78,700,000
SOLD AS PORTFOLIO - Stonegate
5075 Spyglass Hill Dr
Las Vegas, NV 89142
Type: Multifamily
Total Units: 440
Year Built: 1990/91
Sold Date: May 2019
Sold Price: $48,600,000
SOLD AS PORTFOLIO - Sunset Hill
2825 Bluegrass Ln
Henderson, NV 89074
Type: Multifamily
Total Units: 120
Year Built: 1989
Sold Date: January 2019
Sold Price: $17,800,000
- The Meadows
3150 S Nellis Blvd
Las Vegas, NV 89121
Type: Multifamily
Total Units: 282
Year Built: 1996
Sold Date: August 2021
Sold Price: $84,250,000
SOLD AS A PORTFOLIO - San Michele
5800 W Lake Mead Blvd
Las Vegas, NV 89108
Type: Multifamily
Total Units: 216
Year Built: 1997
Sold Date: July 2021
Sold Price: $38,800,000 - Gloria Park Villas
3625 Decatur Blvd
Las Vegas, NV 89103
Type: Multifamily
Total Units: 240
Year Built: 1993
Sold Date: August 2020
Sold Price: $39,600,000
SOLD AS A PORTFOLIO - 80 on Gibson
80 S Gibson
Henderson, NV 89012
Type: Multifamily
Total Units: 308
Year Built: 1997
Sold Date: December 2019
Sold Price: $70,000,000 - Bella Solara
7101 Smoke Ranch Rd
Las Vegas, NV 89128
Type: Multifamily
Total Units: 320
Year Built: 1989
Sold Date: November 2019
Sold Price: $66,500,000
SOLD AS PORTFOLIO - Acerno Villas
9500 W Maule Ave
Las Vegas, NV 89148
Type: Multifamily
Total Units: 191
Year Built: 2004
Sold Date: September 2019
Sold Price: $40,110,000 - Element
8450 W Charleston Blvd
Las Vegas, NV 89117
Type: Multifamily
Total Units: 200
Year Built: 1995
Sold Date: June 2019
Sold Price: $41,750,000
SOLD AS PORTFOLIO - Lido
2601 Wigwam Pkwy
Henderson, NV 89074
Type: Multifamily
Total Units: 113
Year Built: 1994
Sold Date: June 2019
Sold Price: $19,300,000
SOLD AS PORTFOLIO - Viridian Palms
2675 S Nellis Blvd
Las Vegas, NV 89121
Type: Multifamily
Total Units: 352
Year Built: 1990
Sold Date: May 2019
Sold Price: $38,900,000
SOLD AS PORTFOLIO - ICON at 2900
2900 El Camino Ave
Las Vegas, NV 89102
Type: Multifamily
Total Units: 312
Year Built: 1984
Sold Date: December 2018
Sold Price: $32,000,000
- Emerald Springs
451 & 361 N Nellis Blvd
Las Vegas, NV 89110
Type: Multifamily
Total Units: 436
Year Built: 1989/88
Sold Date: August 2021
Sold Price: $79,000,000
SOLD AS A PORTFOLIO - St. Clair
5450 S Fort Apache Rd
Las Vegas, NV 89148
Type: Multifamily
Total Units: 187
Year Built: 2003
Sold Date: June 2021
Sold Price: $51,000,000
- Tower at Tropicana
6575 W Tropicana Ave
Las Vegas, NV 89103
Type: Multifamily
Total Units: 260
Year Built: 1990
Sold Date: August 2020
Sold Price: $42,900,000
SOLD AS A PORTFOLIO
- Portola Del Sol
1915 Simmons St
Las Vegas, NV 89106
Type: Multifamily
Total Units: 350
Year Built: 1998
Sold Date: December 2019
Sold Price: $52,000,000 - Torreyana
5155 S Torrey Pines Dr
Las Vegas, NV 89118
Type: Multifamily
Total Units: 315
Year Built: 1997
Sold Date: November 2019
Sold Price: $68,000,000
SOLD AS PORTFOLIO - Lofts at 7100
7100 Grand Montecito Pkwy
Las Vegas, NV 89149
Type: Multifamily
Total Units: 379
Year Built: 2008
Sold Date: September 2019
Sold Price: $80,000,000 - Fairways at GV
1851 N Green Valley Pkwy
Henderson, NV 89074
Type: Multifamily
Total Units: 320
Year Built: 1990
Sold Date: June 2019
Sold Price: $61,500,000
SOLD AS PORTFOLIO - Villas at Green Valley
2362 Green Valley Pkwy
Henderson, NV 89014
Type: Multifamily
Total Units: 609
Year Built: 1984/86
Sold Date: May 2019
Sold Price: $97,250,000 - Loma Vista
1200 W Cheyenne Ave
Las Vegas, NV 89030
Type: Multifamily
Total Units: 402
Year Built: 1998
Sold Date: May 2019
Sold Price: $50,000,000
SOLD AS PORTFOLIO - Villa Serena
325 N Gibson Rd
Henderson, NV 89014
Type: Multifamily
Total Units: 288
Year Built: 1996
Sold Date: December 2018
Sold Price: $52,500,000
- Southwest 5 Portfolio
Helix & Reflections (Las Vegas, NV)
Type: Multifamily
Total Units: 642
Sold Date: November 2018
Sold Price: $99,750,000
SOLD AS PART OF A PORTFOLIO
- Liberty Village and Village Square
4870 and 5025 Nellis Oasis Ln
Las Vegas, NV 89115
Type: Multifamily
Total Units: 720/409
Year Built: 1986 & 1988/1990
Sold Date: August 2018
Sold Price: $60,300,000
- Crystal Creek
3001 W Warm Springs Rd
Henderson, NV 89014
Type: Multifamily
Total Units: 480
Year Built: 1997
Sold Date: July 2018
Sold Price: $77,750,000
SOLD AS A PORTFOLIO
- Villas at Mountain Vista
5400 S Mountain Vista St
Las Vegas, NV 89120
Type: Multifamily
Total Units: 204
Year Built: 1985
Sold Date: July 2018
Sold Price: $27,000,000
SOLD AS A PORTFOLIO
- The Boulevard
3050 S Nellis Blvd
Las Vegas, NV 89121
Type: Multifamily
Total Units: 296
Year Built: 1988
Sold Date: July 2018
Sold Price: $29,000,000
SOLD AS A PORTFOLIO
- Xander
3900 Dalecrest Dr
Las Vegas, NV 89129
Type: Multifamily
Total Units: 480
Year Built: 1997
Sold Date: May 2018
Sold Price: $69,500,000
- Vintage Pointe
6500 Vegas Dr
Las Vegas, NV 89108
Type: Multifamily
Total Units: 620
Year Built: 1993/1994
Sold Date: December 2017
Sold Price: $49,250,000
- Avery Park
2200 N Torrey Pines Dr
Las Vegas, NV 89108
Type: Multifamily
Total Units: 320
Year Built: 1998
Sold Date: December 2017
Sold Price: $36,350,000
- The Avenue
4800 E Tropicana Ave
Las Vegas, NV 89121
Type: Multifamily
Total Units: 620
Year Built: 1996
Sold Date: December 2017
Sold Price: $32,750,000
- Martinique Bay
3000 High View Drive
Henderson, NV 89014
Type: Multifamily
Total Units: 256
Year Built: 1989
Sold Date: November 2017
Sold Price: $42,750,000
- The Bristol at Sunset
2001 Ramrod Ave
Henderson, NV 89014
Type: Multifamily
Total Units: 432
Year Built: 1989
Sold Date: September 2017
Sold Price: $58,250,000
- Willows at Spring Valley
5280 W Hacienda Ave
Las Vegas, NV 89118
Type: Multifamily
Total Units: 170
Year Built: 1998
Sold Date: August 2017
Sold Price: $24,100,000
- Palms at Peccole Ranch
9599 W Charleston Blvd
Las Vegas, NV 89117
Type: Multifamily
Total Units: 404
Year Built: 1996
Sold Date: July 2017
Sold Price: $62,000,000
- Mountain Gate & Mountain Trails
9350 S Cimarron Rd
Las Vegas, NV 89178
Type: Multifamily
Total Units: 298/241
Year Built: 2010
Sold Date: June 2017
Sold Price: $83,000,000
- Maravilla
5024 Broken Sound Dr
Las Vegas, NV 89110
Type: Multifamily
Total Units: 212/241
Year Built: 1994
Sold Date: April 2017
Sold Price: $19,050,000
- Orchard Club
1220 Tree Line Dr
Las Vegas, NV 89142
Type: Multifamily
Total Units: 342
Year Built: 2001
Sold Date: February 2017
Sold Price: $27,200,000
- Monterra
5250 Stewart Ave
Las Vegas, NV 89110
Type: Multifamily
Total Units: 344
Year Built: 1999
Sold Date: January 2017
Sold Price: $30,500,000
Clients
- AllianceBerstein Group
- Acacia Capital
- The Bascom Group
- Bridge Investment Group
- Camden Residential
- Citibank
- ConAm Group
- Continental Realty Advisors
- Cruachan Capital fka DiNapoli
- DRA Advisors
- Equity Residential
- Fairfield Residential
- Fannie Mae
- FPA Multifamily
- Freddie Mac
- GE Capital
- Goldman Sachs
- Haven Realty Capital
- Kennedy Wilson
- Laguna Point Properties
- McDowell Properties
- Oaktree Capital
- Ocwen Loan Servicing
- PCCP
- PEM Group
- Prime Group
- Rockwood Capital
- Security Properties
- Sentinel Real Estate Corporation
- Sunroad Enterprises
- Torchlight Investors
- Trimont Real Estate
- TruAmerica Multifamily
- Virtu Investments
- Waterton Associates
Offices
Las Vegas
3993 Howard Hughes ParkwaySuite 700
Las Vegas, NV 89169