Southern Nevada’s industrial market posted positive net absorption in the third quarter and saw an end to rising vacancy, reports Colliers International research director John Stater. While year-to-date net absorption is still deeply negative, the promise of several build-to-suit projects being completed next quarter could leave 2012 ultimately a wash – no progress, but no regress either. The average…Read More→
Harsch Investment Properties awarded the listing of its 359,000-square-foot Paradise Airport Center at 1110 Palms Airport Drive inside the McCarran International Airport submarket to the David Scherer Group of Newmark Grubb Knight Frank. The Las Vegas industrial center has available units ranging from 8,000 square feet to 50,000 square feet.
Healthcare Partners Nevada signed a 5-year $589,161 lease for 4,790 square feet of office space inside the 20-year-old Quail Bonita Office Park at 600 Whitney Ranch Dr., Suite B 6-8, in Henderson. Gatski Commercial’s Rob Lujan and Jason Simon represented the landlord, Equus Investment Group. The reported average rent equals $2.05 per square foot.
The Equity Group’s Marc Lebanoff and Chris Richardson recently earned the Certified Commercial Investment Member (CCIM) designation. The CCIM title recognizes an individual as an industry expert in commercial real estate investment.
Design Nail Studio signed a 5-year $149,161 lease for 1,872 square feet of retail space inside Rainbow Robindale Center at 7715 S. Rainbow Blvd. in Las Vegas. Gatski Commercial’s Laramie Bracken and Joe Anderson represented the landlord, Falcon California Investments; Realty One Group’s Jenny Hsieh represented the tenant. The reported average rent equals $1.33 per square foot.
Rice Trax Teriyaki Grill signed a 114.5-month $508,234 lease for 2,070 square feet of retail space inside the 2-year-old Rainbow Robindale Center, on 1.74 acres, at 7745 S. Rainbow Blvd. in Las Vegas. Gatski Commercial’s Laramie Bracken and Joe Anderson represented the landlord, 7729 Rainbow, LLC; Virtus Commercial’s Jeff Mitchell represented the tenant. The reported average rent equals $2.14…Read More→
Dr. Blaine R. Hansen signed a 3-year, $178,000 lease renewal for 2,524 square feet of medical office space inside the 7-year-old Tierra Rainbow Plaza, on 0.46 acres, at 6169 S. Rainbow Blvd. in Las Vegas. Commercial Executives’ Soozi Jones Walker and Bobbi Miracle represented the lessor, Kotake Revocable Trust. The reported average rent equals $1.96 per square foot.
Southern Nevada’s retail market saw third quarter vacancy decline by eight-tenths of a point to 10.3%, as net absorption more than doubled from last quarter to 345,831 square feet, reports John Stater, research director for the Las Vegas office of Colliers International. No new anchored retail projects were completed the third quarter as asking rents continued to decline. For the…Read More→
Despite weak employment numbers, Southern Nevada’s office market still saw almost 100,000 square feet of positive net absorption in the third quarter, reports John Stater, research director for the Las Vegas office of Colliers International. Office vacancy, meanwhile, dropped two-tenths of a point to 23.5% while average asking rents stayed stable at $1.90 per square foot on a…Read More→
Forte Specialty Contractors recently completed construction on Eli Roth’s $6 million, 14,500-square-foot Goretorium inside the 3-story Harmon Corner, on 2.17 acres, at the northeast corner of Las Vegas Boulevard and Harmon Avenue in Las Vegas. It’s the first ever year-round horror experience on the Strip. Goretorium is the brainchild of filmmaker Eli Roth who is responsible for the “Hostel”…Read More→