Downtown Lofts Sold For $1.2 Million

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NHO LLC bought the 51-year-old, 45-unit Downtown Lofts, on 1.39 acres, at 521 N. 14th Street in Las Vegas for $1.2 million, or per unit, from First Republic REO Note 521 LLC. NAI Sauter Cos.’ Art Carll represented the seller; NAI Sauter Cos.’ Robin Willet represented the buyer. The two-story, 37,410-square-foot property was 70% occupied at the time of sale.