• Piloch Distribution signed a 5-year, $223,800 lease for 10,560 square feet of industrial space inside the 4-year-old VenturePoint Speedway at 6260 E. Tropical Parkway in North Las Vegas. Lee & Associates’ Mel Koich, Joe Leavitt and Chris Lexis represented the lessor, Venture Point LLC; Pro Commercial Real Estate’s Gary Burgher represented the lessee. The reported…Read More→

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  • Colliers International Las Vegas named Patti Dillon vice president of the office sales and leasing division. Dillon will be joining the team of Tom Stilley, Lizz Stilley and Ryan Martin, one of the top office teams in the Las Vegas valley. Dillon joined Colliers in 2004 and previously served as vice president of the industrial…Read More→

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  • The Nevada Chapter of the Society of Industrial and Office Realtors (SIOR) recently named Panattoni Development Co. as its 2011 People’s Choice Developer of the Year. “It means a great deal to be recognized by our peers at SIOR,” said Panattoni Partner Doug Roberts. “Receiving this honor for the third time in four consecutive years…Read More→

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  • Dr. Douglas Ashman signed a 5-year, $267,168, lease renewal for 2,024 square feet of medical office space inside the 10-year-old Augusta Corporate Office Park at 1481 W. Warm Springs Road, Suite 104, in Henderson. LeaseCorp’s Kimmen Olsen represented the tenant; Virtus Commercial’s Michael Vesely represented the lessor, TIH Augusta Park, LLC et al. The reported…Read More→

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  • Southern Nevada average home prices fell 7.2% last year; by the summer of 2012, home prices are expected to fall an additional 14.2%. Those are among the findings of the latest quarterly data from the Fiserv Case-Shiller Indexes, which track home price trends in more than 380 U.S. metro areas.  According to Fiserv Case-Shiller projections, home…Read More→

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  • Despite weak demand, more new office space entered the Southern Nevada market in the fourth quarter, pushing the total inventory to 51.6 million square feet, reports Las Vegas-based business advisory firm Applied Analysis. Valley vacancy rates hit 25.3% at the end of 2011, as a result, which is the highest amount of empty office space…Read More→

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  • Clark County’s economy continues to grow at an achingly slow pace, reports Cushman & Wakefield-Commerce Real Estate Solutions. Visitor volume and gaming revenues were up 2.3% and 7.8% in November, respectively, from a year ago. Residential construction permits rose from November to December, while 4,300 jobs were added (0.5%) from December 2010 to December 2011….Read More→

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  • Shalimar Escrow signed a 2-year, 2-month, $25,953 lease renewal for 1,055 square feet of office space inside the 8-year-old Anthem Village Office Park, on 0.25 acres, at 2510 Anthem Village Drive, Suite 110, in Henderson. First Federal Realty-DeSimone’s JoEllen Darling Ritzo represented the tenant; Colliers International’s Dan Palmeri and Chris Connell represented the lessor, D&M…Read More→

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  • Apple Rock Advertising & Promotions signed a 2-year, $30,000 lease renewal for 8,686 square feet of industrial space inside the 10-year-old Westech Business Center II, on 4.28 acres, at 5175 W. Diablo Dr., Suite 108, in Las Vegas. Colliers International’s Mike De Lew and Greg Pancirov represented the lessor, Cable Investments-Diablo LP. The reported average…Read More→

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  • Steed Trucking signed a 3-year, $80,116 lease for 4,000 square feet of light-industrial space inside  KTR Capital Partners‘ Arrowhead Commerce Center at 6255 S. Sandhill Road, Suite 400, in Las Vegas. Colliers International’s Spencer Pinter, Dan Doherty and Chris Lane represented the lessor, KTR LV II LLC. The reported average rent equals 56 cents per square foot triple net. 

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