JLL Capital Markets arranges $48.2M financing on behalf of VAC Development and CAST Capital Partners for The Cliff at Green Valley Ranch in Henderson, Nevada

LAS VEGAS, Oct. 21, 2026 –  JLL Capital Markets announced today that it has arranged $48.2 million in financing through Bayview Asset Management on behalf of VAC Development and CAST Capital Partners for The Cliff at Green Valley Ranch, a 100,000-square-foot open-air lifestyle retail destination located in Henderson, Nevada.

The Cliff represents Henderson's first high-end lifestyle retail development in over 20 years, transforming two obsolete single-story office buildings into a next-generation retail destination. The completed property will be anchored by Arhaus, a nationally recognized home furnishings retailer known for artisan-crafted, sustainable products. The center will also feature a signature 26,000-square-foot covered outdoor dining lounge and a curated mix of experiential tenants, including The Taco Stand, Lyte House, Wine Girl, Barista Botanist and Killer Whale Creamery.

The project is strategically located at 2500–2550 Paseo Verde Parkway off the Bruce Woodbury Beltway in Southeast Las Vegas with direct I-215 frontage visible to over 177,000 vehicles per day. The property sits in the heart of Green Valley Ranch, an affluent trade area boasting average household incomes exceeding $147,000 within a one-mile radius. Within a three-mile radius, over 300,000 residents and workers draw from some of Nevada's most affluent neighborhoods, including McDonald Highlands, Dragonridge Country Club and Anthem.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com. 

VAC Development is a real estate investment and operating company founded in 2022 as a joint venture between WG Group and Sansone Investments. VAC is composed of highly skilled real estate professionals and entrepreneurs with a unique ability to originate, structure, underwrite, close, and reposition value-add and core investments in land, multifamily, industrial, office, retail and other commercial real estate across the Southwest and Mountain West.

CAST Capital Partners is a commercial real estate firm headquartered in California with offices in San Diego and Las Vegas, specializing in leasing, sales, management, acquisitions and development. The firm's Nevada team has completed more than $500 million in transactions over the past decade and has been recognized as a five-time NAIOP Southern Nevada Retail Broker of the Year.

Bayview Asset Management is a global alternative investment firm that provides flexible capital solutions for its partners while seeking to produce attractive risk-adjusted returns for its clients. Bayview's investment platform benefits from connectivity to its affiliated origination and servicing businesses, allowing it to invest through market cycles across the credit landscape, with a focus on residential, consumer and commercial credit. A Bayview affiliate served as the construction lender on The Cliff at Green Valley Ranch, fully funding the project through completion.