MG Exhibition Design Co. signed a 3-year, $85,350 lease for 13,500 square feet of mid-bay industrial space inside Nellis Industrial Park, on 2.5 acres, at 4606 Andrews St., Suite 4, in North Las Vegas. Cushman & Wakefield-Commerce’s Dean Willmore represented the lessor, 4606 LLC; Albright Callister & Associates’ Bryan Houser represented the tenant. The reported average rent equals 18…Read More→
Power Broker Confidential just topped 45,000 pageviews. And we did it in record time. Woo-hoo! Thanks, we appreciate it. Be sure to check us out on Twitter, Facebook, and LinkedIn, too. Feel free to borrow our stuff for your newsletters, websites and social media. We don’t mind. Just let people know where it came from.
Red Rock Springs Water signed a 1-year, $11,427 lease extension for 856 square feet of retail space inside the 12-year-old Canyon Lakes Plaza, on 5.57 acres, at 9132 W. Sahara Ave. in Las Vegas. Cushman & Wakefield-Commerce’s Liz Clare and Jacqueline Young represented the lessor, Granite Canyon Lakes LLC. The reported average rent equals $1.11 per square foot…Read More→
The availability of owner/user industrial space tightened valley wide in the second quarter, reports Colliers International researcher John Stater. No new industrial projects were completed in the first half of 2012. There was 3.23 million square feet of industrial space up for sale at the end of June, or about 18,000 square feet less than a year ago. Over…Read More→
Hotel occupancy in Clark County has averaged 87% in 2012, a 0.1% increase over 2011, and a 4% increase over 2010, suggesting that Southern Nevada’s tourist industry has largely recovered, reports Colliers International. Clark County’s average daily rate is $109.56 in 2012, a 4.2% increase over 2011. Valley visitor volume totaled 13,081,046 visitors through the first four months…Read More→
Nevada has a new transportation director. Rudy Malfabon, 53, was named the state’s top transportation chief on July 23. He succeeds Susan Martinovich who departs on September 6, after 28 years with the 1,814-employee, $1-billion-a-year public agency. Martinovich has held the top spot since 2007. For the full report, CLICK HERE.
Las Vegas Banner Factory signed a 26-month, $73,762 lease renewal for 6,740 square feet of industrial space inside the 13-year-old Hacienda Business Center, on 0.31 acres, at 4572 W. Hacienda Ave., Suite 5, in Las Vegas. Cushman & Wakefield-Commerce’s Amy Ogden and Danielle Steffen represented the lessor, Barbara T. Menna. The reported average rent equals 42 cents per square foot…Read More→
Academy of Gymnastics & Dance signed a 58-month, $387,613 lease renewal for 17,591 square feet of industrial space inside the 12-year-old Whitney Ranch Business Center at 1000 N. Stephanie St., Suite 101, in Henderson. Cushman & Wakefield-Commerce’s Susan Borst represented the lessor Whitton Corp. The reported average rent equals 38 cents per square foot triple net.
Elite Delivery Services signed a 3-year, $44,556 lease renewal for 2,261 square feet of industrial space inside The Spectrum of Las Vegas at 51 N. Pecos Ave., Suite 106, in Las Vegas. Harsch Investment Properties’ Jason Griffis represented the company as lessor. The reported average rent equals 55 cents per square foot.
GK International Group Inc. signed a 3-year $117,060 lease for 5,924 square feet of industrial space inside the 12-year-old Koll Business Center, on 40 acres, at 6125 S. Valley View Blvd., Suite E, in Las Vegas. 88 Realty’s Shawn Shahryari represented the lessee; Colliers International’s Spencer Pinter represented the lessor, Valley View I, II & III,…Read More→