Las Vegas has never claimed to be one of the big players in the residential construction boom that we’ve seen in recent years all across the US, yet in 2015 the city’s rental market heated up, particularly in the large scale developments sector. Bolstered by employment growth in the hospitality, leisure, and technology industries, the local…Read More→
Friends of Las Vegas Youth Orchestras purchased the approximately 1.14 acre land parcel located at 2750 S. Maryland Pkwy. in Las Vegas. The transaction value was $450,000. Steven Haynes of Colliers International represented the seller, Time Square Properties LLC.
BM Highland LLC purchased the approximately 7,861 square foot office property located in Point North Office at 7326 W. Cheyenne Ave. in Las Vegas. The transaction value was $982,625, or $125/SF. Suzette LaGrange and Kara Walker, CCIM of Colliers International represented the buyer. Jackat LLC was the seller.
Impala LLC recently purchased the approximately 3.63 acre vacant land parcel located at 880 E.Larson Ln. in Henderson. The transaction value was $1,000,000 (approximately $6.32/SF). Vince Schettler of Colliers International represented the seller, ND Holdings Henderson Series.
Global Tracking Communications dba GPS Track It leased 3,773 SF at 3300 St. Rose Parkway, Suite B. The total value of the transaction was $167,370.28. Cassie Catania-Hsu, Linda Gonzales of Sun Commercial Real Estate, Inc. represented both the lessee and lessor, CECo Enterprises, LLC.
The Southern Nevada Business Confidence Index, constructed by the Center for Business and Economic Research (CBER) at the University of Nevada, Las Vegas (UNLV), increased by 3.4 percent on a quarterly basis from 130.7 to 135.1 in the first and second quarters of 2016, respectively (Figure 1). The index includes five components: business expectations of…Read More→
CommCap Advisors recently arranged the loan for the Green Valley Self Storage facility located at 8945 Ken’s Court in Las Vegas. This life insurance refinance was valued at $2,350,000, with a 10 year fixed rate, 25 year term and 25 year amortization.
Soulfish Poke, LLC leased 1,430 square feet of retail space for 60 months at 8680 W. Warm Springs Rd., Ste. 130, from Ravan Orange Grove, LLC. Total consideration was $199,656.60. Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank represented the lessor in the transaction. Jakke Farley of Virtus Commercial Real Estate represented the lessee…Read More→
The PENTA Building Group (PENTA), a leading commercial contractor headquartered in Nevada, announced today the hiring of five new employees for its Las Vegas and California offices, bringing its total workforce to 192 employees. The Las Vegas additions include superintendent David Bowers, project manager Geof Ulep, project engineer Chase Roberts and accounting assistant Tara Stearns….Read More→
A report released today by Xceligent and the Commercial Alliance Las Vegas (CALV) shows the office, industrial and retail sectors of the commercial real estate market in Southern Nevada continued to gain ground during the first quarter of 2016. “For the most part, we picked up in 2016 where we left off in 2015 – with steady gains across the…Read More→