Baskin Robbins signed a 10-year lease for 1,400 square feet of retail space inside Eldorado Plaza at 5515 Camino Al Norte in North Las Vegas. Colliers International’s David Grant represented the lessor, Donahue Schriber Realty Group LP. Lease terms were not disclosed.
Gatski Commercial Real Estate’s Olivia Fisher has been hired to manage two auto centers, including the 19,953-square-foot Silverado Auto Center at 544-564 E. Silverado Ranch Blvd. in Las Vegas and the 3,600-square-foot Meineke at 1860 E. Serene Ave. in Las Vegas.
Vegas Venture Properties LLC bought a 49-year-old, 24-unit,apartment complex, on 0.68 acres, at 2635-2655 Sherwood St. in Las Vegas for $500,000, or $20,833 per unit, from Real Estate Investment LLC. NAI Sauter Cos.’ Devin Lee, Art Carll, Patrick Sauter and Robin Willett represented the seller and buyer. The building was 60% occupied at the time of sale.
Hang Chu LLC bought the 37-year-old, 36-unit Twin Palms apartment complex, on 0.40 acres, at 651 E. Twain Ave. in Las Vegas for $1 million, or $27,778 per unit, from Pantheon 651 Twain LLC. NAI Sauter Cos.’ Devin Lee and Robin Willett represented the buyer. The two-story building was 81% occupied at the time of sale.
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Penta Building Group is performing a $40 million upgrade to the Bellagio’s 8-year-old, 33-story Spa Tower, including modernization of all 928 rooms and suites. The update will also add a trio of executive hospitality suites, each with a billiards lounge and a separate 2,500-square-foot home theater area for intimate gatherings. The makeover, which includes the 4,000-square-foot chairman and presidential suites, will finish…Read More→
Chamberlain Development LLC sold a 6-year-old, 21,610-square-foot La-Z-Boy, on 0.61 acres, inside Territory’s Centennial Gateway at 5700 Centennial Center Blvd. in Las Vegas for $3 million, or $139 per square foot, to private investment group. Marcus & Millichap’s Chris Cunning represented the seller; Marcus & Millichap’s Alvin Mansour represented the buyer. La-Z-Boy has 8 years left on a…Read More→
PENTA Building Group named Christopher Ader as project engineer. He will work on the North Las Vegas Readiness project. Ader most recently served as a consultant to Marnell Companies after joining the company in 2007 as a project engineer.
Richard “Ric” D. Licata – a noted Nevada architect and industry leader – died on August 18 at his home in Reno. He was 59. Licata was diagnosed with bladder cancer in late 2011; he began chemotherapy treatments in January. As principal of Licata Hansen Associates Architecture – a Reno-based multidisciplinary firm founded in 1984 with friend Matt Hansen – Licata…Read More→
Layne Meyers Electric signed a 39-month, $36,617 lease for 2,226 square feet of industrial space inside Ali Baba Commerce Center, on 6.73 acres, at 4010 W. Ali Baba Lane, Suite G, in Las Vegas. Colliers International’s Pat Marsh represented the lessor, Vegas Ventures LLC. The reported average rent equals 42 cents per square foot.