• AffinityLifestyles.com signed a 1-year, $30,000 lease for 4,000 square feet of warehouse space inside the 21-year-old Desert Inn Commerce Center at 3216-3228 W. Desert Inn Road in Las Vegas. Cushman& Wakefield-Commerce Real Estate Solutions’ Leo Biedermann represented the lessor, Paradise Las Vegas LLC. The reported average rent equals 63 cents per square foot modified gross. 

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  • United Seating & Mobility signed a 1-year, $25,920 lease for 3,600 square feet of warehouse space inside the 21-year-old Desert Inn Commerce Center, on 6.31 acres, at 3230 W. Desert Inn Road, Suite 3, in Las Vegas. Cushman & Wakefield-Commerce Real Estate Solutions’ Leo Biedermann represented the lessor, Paradise Las Vegas LLC. The reported average rent equals 60…Read More→

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  • An unnamed private investor bought the 14-year-old, 3,400-square foot Rainbow Market, on 0.84 acres, at 5075 E. Washington Ave. in Las Vegas for $1,425,000, or $419 per square foot, from Alvin Skiriaki. Marcus & Millichap’s Dustin Alvino and Ray Germain represented both the buyer and seller. Last renovated in April 2009, the four-gas-pump property has 7 years remaining on a…Read More→

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  • The Severin Group signed a 1-year, $109,721 lease for 4,354 square feet of office space inside Summerlin’s 17-year-old Plaza East, on 2.82 acres, at 1645 Village Center Circle in Las Vegas. Grubb & Ellis’ David Scherer represented the lessor, 1645 Village Center Circle LLC; Cushman & Wakefield-Commerce Real Estate Solutions’ Susan Borst represented the tenant. The reported average rent equals $2.10…Read More→

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  • Auction Ears LLC signed a 1-year, $8,459 lease for 742 square feet of office space inside a 33-year-old building, on 0.15 acres, at 930 S. Third Street, Suite 100-B, in Las Vegas. Cushman & Wakefield-Commerce Real Estate Solutions’ Carolyn Curtis represented the lessor, Solterra Nevada LLC. The reported average rent equals 95 cents per square foot full service gross.

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  • FortuNet bought the 25-year-old, 44,000-square-foot former Graphics West building, on 2.06 acres, at 3901 Graphics Center Drive in Las Vegas for $2,475,000, or $56 per square foot, from GKT Strip View LLC. Colliers International’s Dan Doherty and Spencer Pinter represented the seller.

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  • JI BSA LLC bought three industrial buildings near the airport totaling 87,806 square feet, on 4.63 acres, at 6425, 6275 and 6290 Harrison Drive in Las Vegas for $3.9 million, or $44 per square foot, from Apex Meat Co. Colliers International’s Pat Marsh represented the seller.  

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  • A new Urban Land Institute (ULI) survey of 38 leading real estate economists and analysts show broad improvements for the real estate markets through 2014. Over the next three years: ·         Commercial property transaction volume is expected to increase by nearly 50% ·         Issuance of commercial mortgage-backed securities (CMBS) is expected to more than double…Read More→

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  • Recovery Properties signed a 5-year, $108,659 lease renewal for 2,044 square feet of office space inside the 20-year-old Quail Bonita Park at 600 Whitney Ranch Drive in Henderson. Gatski Commercial Real Estate’s Rob Lujan and Jason Simon represented the lessor, Equus Investment Group; Gatski Commercial Real Estate’s Laramie Bracken represented the tenant. The reported average rent equals 89…Read More→

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  • North America Real Estate Investment bought the 10-building, 124,082-square-foot Sahara Plazas office complex, on 7.87 acres, at 2800 W. Sahara Ave. and 2330-2340 Paseo Del Prado in Las Vegas for $4,625,000, or $37 per square foot, from GCCFC 2005-GG5 Sahara Office LLC. The 32-year-old property was 67% leased at the time of sale. Gatski Commercial Real Estate Services’ Rob…Read More→

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