Las Vegas --The Bureau of Land Management (BLM) today sold 818.66 acres in 34 parcels for $94,536,000 during a competitive public land sale. The agency offered 846.16 acres, in 39 parcels, under the Southern Nevada Public Land Management Act (SNPLMA). Parcels offered for sale varied in size from 1.25 to 247.6 acres and were located in the Las Vegas Valley.
Successful bidders included:
Location
Size
Fair Market Value
Purchase Price
Successful Bidder
Parcel Number
Corbett & Jensen
5 acres
$500,000
$500,000
Pinnacle Nevada Corp.
N-80694
Robindale & Lindell
20 acres
$3,996,000
$3,996,000
American West Development, Inc.
N-92827
Torino & Pioneer
2.5 acres
$250,000
$250,000
Khusrow Roohani
N-94201
Ford & Belcastro
5 acres
$625,000
$625,000
American West Development, Inc.
N-94202
Pebble & Montessouri
2.5 acres
$250,000
$260,000
Umer Malik
N-94203
Agate & Hualapai
14.25 acres
$3,705,000
$4,770,000
Lewis Investment Company of Nevada, LLC.
N-79533
Meranto & Grand Canyon
47.5 acres
$11,875,000
$14,200,000
Lewis Investment Company of Nevada, LLC.
N-94204
Gomer & Hualapai
15.57 acres
$4,048,000
$4,070,000
Lewis Investment Company of Nevada, LLC.
N-84196
Johnson & Gary
2.5 acres
$525,000
$525,000
Vision Commercial One, LLC
N-79545
Richmar & Redwood
25 acres
$4,680,000
$6,075,000
Paul Truman
N-94205
Oleta & Duneville
5 acres
$750,000
$750,000
Ramak Roohani
N-94206
Gary & Hauck
2.5 acres
$442,000
$462,000
Khusrow Roohani
N-94207
Pyle & Jones
5 acres
$1,075,000
$1,170,000
Phillip Mackovski
N-94208
LeBaron & Valley View
1.25 acres
$125,000
$1,650,000
American West Development, Inc.
N-94209
Jo Rae & Schuster
1.25 acres
$173,000
$213,000
American West Development, Inc.
N-95210
Pyle & Valley View
2.5 acres
$270,000
$300,000
Umer Malik
N-94211
Cactus & Valley View
20 acres
$5,100,000
$7,500,000
Apple Pie, LLC
N-94213
Roban & Las Vegas
28.75 acres
$3,019,000
$4,025,000
Tri-Level Development, LLC
N-94214
Hammer & Gaistord
5 acres
$400,000
$400,000
Continuum, Properties, LLC
N-94215
Las Vegas & Rettig
5 acres
$657,000
$1,000,000
Nima Khomassi
N-94216
Volunteer & Las Vegas
5 acres
$775,000
$1,300,000
Umer Malik
N-94217
Rettig & Las Vegas
5 acres
$775,000
$1,295,000
Denise Colin
N-94218
Welpman & Rancho Destino
105 acres
$9,765,000
$10,800,000
Daniel Kramer
N-94293
Keehn & Gilespie
20 acres
$3,100,000
$3,100,000
Nevada West Partners, LLC
N-85668
Rettig & Gilespie
20 acres
$1,680,000
$2,880,000
DR Horton, Inc.
N-94219
Mullen & Fairfield
5 acres
$475,000
$515,000
Continuum, Properties, LLC
N-94224
Dale & Amigo
10 acres
$950,000
$1,220,000
Jeremy Ausmus
N-94220
Dale & Bermuda
25 acres
$4,650,000
$4,650,000
South Strip Acquisitions, LLC
N-81969
Welpman & Bermuda
5 acres
$475,000
$605,000
Continuum, Properties, LLC
N-94221
Mullen & Amigo
5 acres
$475,000
$595,000
American West Development, Inc.
N-81970
Larson & Pollock
5 acres
$475,000
$515,000
American West Development, Inc.
N-81978
Larson & La Cienega
140 acres
$10,500,000
$12,020,000
Vision Commercial One, LLC
N-94222
Bermuda & Roban
5 acres
$450,000
$450,000
Tyre Apartments, LLC.
N-94223
Hollywood & Cheyenne
247.59 acres
$1,850,000
$1,850,000
Vision Commercial One, LLC
N-91124
All successful bidders paid the required 20 percent of the bid by 3 p.m. today. The remainder of the bid is due within 180 days (Oct. 24, 2016).
In accordance with the joint selection process, unsold parcels must be renominated for consideration at future land sales by the local government.
In accordance with the SNPLMA, funds generated from the sale of public land may be used for specific purposes including parks, trails, and natural areas; capital improvements, conservation initiatives; and for the purchase of environmentally sensitive lands. Additionally, 10 percent of the funds will go to the Southern Nevada Water Authority, and five percent will go to the Nevada State General Education Fund.
Source: U.S. Department of the Interior, Bureau of Land Management
