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 28 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 73,000 units at a collective value of over $6.8 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 $4.3 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 $3.1 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.

Success Stories

CBRE’s Las Vegas office has continually dominated the market in apartment sales. Since 1993, the marketing team has participated in over $6.2 billion in apartment sales that represents over 70,000 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.
 
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, demonstrating the depth of our buyer pool.

Recent Transactions

  • 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
  • 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
  • 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
  • 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
  • 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

Featured Clients

 

  • AllianceBerstein Group
  • Acacia Capital
  • Bank of America
  • The Bascom Group
  • BlackRock Realty Advisors
  • Camden Residential
  • Citibank
  • ConAm Group
  • DiNapoli Capital Partners
  • DRA Advisors
  • Equity Residential
  • Fairfield Residential
  • Fannie Mae
  • Freddie Mac
  • GE Capital
  • Goldman Sachs
  • Kennedy Wilson
  • McDowell Properties
  • Oaktree Capital
  • Ocwen Loan Servicing
  • PEM Group
  • Prime Group
  • Rockwood Capital
  • Sentinel Real Estate Corporation
  • Sterling Equities
  • Trimont Real Estate
  • Waterton Associates

Offices

Las Vegas

3993 Howard Hughes Parkway
Suite 700
Las Vegas, NV 89169
+1 702 369 4800
+1 702 794 0144