Reptiles N’ Reefs signed a 39-month, $69,739 lease for 1,336 square feet of retail space inside the 20-year-old Whitney Ranch Center, on 8.21 acres, at 601-699 N. Stephanie St. in Henderson. Cushman & Wakefield-Commerce Real Estate Solutions’ Dan Hubbard and Todd Manning represented the lessor, 601-699 Whitney Ranch CTR LLC. The reported average rent equals…Read More→
Buon Gusto Pizza signed a 13-month, $30,096 lease extension for 1,200 square feet of restaurant space inside the 11-year-old Horizon Pointe, on 10.64 acres, at 2650 W. Horizon Ridge Parkway, Suite A-02, in Henderson. Cushman & Wakefield-Commerce Real Estate Solutions’ Dan Hubbard represented the lessor, Villa La Paloma LLC. The reported average rent equals $1.93…Read More→
Nationwide Mutual Insurance signed a 66-month, $217,326 lease for 2,274 square feet of office space inside the 5-year-old Shoppes at Summerlin, on 1.55 acres, at 7595 W. Washington Ave., Suite 140-150, in Las Vegas. Cushman & Wakefield-Commerce Real Estate Solutions’ Jacqueline Young represented the lessor, 7591 and 7595 W. Washington Ave LLC; CB Richard Ellis’…Read More→
Armen Nazarian bought the 23-year-old, 25,600-square-foot Sunset Plaza, on 10.51 acres, at 3720-3740 East Sunset Road in Las Vegas for $1.85 million, or $72 per square foot, from 3720-3740 East Sunset Road LLC. Cushman & Wakefield-Commerce Real Estate Solutions’ Dan Hubbard and Todd Manning represented the seller. The four-building neighborhood shopping center is anchored by K-Mart.
After six months of steady declines, consumer worry over the short-term economic outlook eased considerably, though overall confidence readings remain historically weak, says Cushman & Wakefield. Here are 12 retail real estate trends to watch for in 2012: global political events matter; U.S. presidential election; inflation; demographic diversity; return to urban cores; the “barbell of prosperity”;…Read More→
Mike Mixer will lead Colliers International’s Hotel Group, with Dharmesh Patel from the firm’s San Francisco office. Mixer is the managing partner and founder of the Colliers International Las Vegas office, while Patel is an experienced hotel owner-operator with a diverse background in hospitality investment, development and finance.
The top ten trends for December point to concerns in the economy, some weak signals in the capital markets, and a glimmer in the weak housing market, reports the Urban Land Institute. Compared with a year ago, 57% of key indicators are better and 43% are worse. Private construction value put in place increased in…Read More→
Driven by low vacancy and the shift toward renting versus buying homes, the fully recovered apartment sector is poised for a development spike in 2012, said a PricewaterhouseCoopers’ 4Q11 PwC Real Estate Investor Survey. Low interest rates and construction financing are creating incentives for developers who’ve been on the sidelines since the downturn. Despite economic uncertainty, the…Read More→
For 2012, U.S. real estate players must resign themselves to a slowing, grind-it-out recovery following a period of mostly sporadic growth, confined largely to “wealth island” real estate markets, says the Urban Land Institute in a new study. Despite some stepped-up bargain hunting, capital generally will continue to avoid commodity real estate in most secondary…Read More→
The U.S. recession and emerging Asian and Latin American markets has fueled greater diversification into global commercial real estate, according to a new report from Deloitte. The U.S. continues to attract investments based on size and favorable risk-reward. The domestic recovery will be gradual and uneven, with increased capital availability, transactions and improved fundamentals. Deliotte’s…Read More→