Durango I-95 LLC, a Los Angeles development company, recently purchased Caroline’s Court, a commercial center at the corner of North Durango Drive and North El Capitan Way, for $14.5 million. Durango I-95 LLC believes the revitalization of the commercial center, which has sat unfinished since the Great Recession, will be a strong symbol of northwestern…Read More→
CBRE Las Vegas announces today the sale of 53,690 square feet of office and retail space at Fort Apache Commons located at 1215 and 1225 S. Fort Apache Road, Las Vegas, NV 89117. Charles Moore, CSM, Marlene Fujita Winkel, CCIM and M. Laura Hart of CBRE represented the seller, FAC Parks, LLC, in the $18,400,000…Read More→
The Greater Las Vegas Association of REALTORS® (GLVAR) has hired an experienced public relations, marketing and communications professional as its director of marketing and community engagement. Michele Caprio, CEO of GLVAR, announced today that Doug Bradford, former director of communications for Clark County and the City of Las Vegas, was recently hired to lead the…Read More→
A lease renewal with Honeywell International Inc. The approximately 8,036 square-foot industrial property is located in Patrick Commerce Center at 2925 Patrick Ln. in Las Vegas. Dan Doherty, SIOR, Spencer Pinter, Susan Borst, CCIM, Chris Lane and Jerry Doty of Colliers International represented the lessor, BKM Patrick 102 LLC. lease to…Read More→
Ying Tsz Leung sold 5,200 square feet of office space at 3860 W. Ann Road to Annallen LLC and VVP Olsen. Total consideration was $290,000.00 or $55.77/SF. Ben Millis and Chris Beets of Newmark Grubb Knight Frank represented the buyer in the transaction. Ron Branson of Realty One represented the seller in the transaction.
Kassy Sharma dba Diya Eyebrows Threading leased 1,200 square feet of retail space for 64 months at 5775 S. Eastern Ave, Ste 102, from MCP Airport Center LLC. Total consideration was $154,432.15 which equates to $2.01/SF. Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank represented the lessor in the transaction.
Southern Nevada’s warehouse/distribution properties continued to post impressive results in the third quarter of 2015, but other industrial segments showed strong demand as well. Vacancy in the warehouse/distribution sector is now a very low 3.1 percent, which continued to stimulate new industrial development; more than 8 million square feet of new industrial projects are now…Read More→
A report released Thursday by Xceligent and the Commercial Alliance Las Vegas (CALV) shows continued improvement in most sectors of the commercial real estate market in Southern Nevada, highlighted by large new industrial developments and more high-profile retailers setting up shop in the Las Vegas area. “There’s plenty of good news related to commercial real estate right…Read More→
Winston & Michael Cho signed a 36-month $50,040 lease for 1,440 square feet of retail space at Rancho Alta Mira located at 4990 W. Craig Road, Unit A5, in Las Vegas. Jeff Mitchell and Preston Abell with Virtus Commercial represented the lessor, Alta Mira Shopping Center, LLC. The reported average rent equals 97 cents per square…Read More→
Quickee Burger, LLC signed a 39-month $38,389.74 lease for 1,098 square feet of retail space at Whitesands Plaza located at 4310 E Tropicana Avenue, Suite 11, in Las Vegas. Jakke Farley and Preston Abell with Virtus Commercial represented the lessee and lessor, High Valley III, LLC in the transaction. The reported average rent equals 90 cents…Read More→