Kaner LLC bought a 9-year-old 10,000-square-foot industrial building, on 0.64 acres, inside Lamb Industrial Park at 2931 Lamb Blvd. in Las Vegas for $450,000, or $45-per-square-foot, from the Frank Maisano and Normile Family Trust. Virtus Commercial’s Jeff Mitchell represented the buyer; Colliers International’s Brian Riffel represented the seller.
Dawn Food Products signed a 5-year, $1,004,480 lease for 30,000 square feet of industrial space inside Thomas & Mack’s Beltway Business Park at 7055 S. Decatur Blvd., Suite 110, in Las Vegas. Mohr Partners’ Nathan Hale represented the lessee; Colliers International’s Mike Delew and Greg Pancirov represented the lessor, Beltway Business Park Warehouse No. 3 LLC….Read More→
RMI Management signed a 7-year $2,237,341 lease for 29,373 square feet of office space inside the 8-year-old Blue Diamond Business Center at 8290 S. Arville St. in Las Vegas. Juliet Corp.’s John Stewart represented the lessee; Colliers International’s Mike DeLew, Greg Pancirov and Bill Owens represented the lessor, Blue Diamond Business Center – Enterprise LLC. The reported average rent…Read More→
Sam’s Real Estate Business Trust signed a 10-year $5,885,616 lease for the 133,764-square-feet of retail space inside the Wal-Mart-anchored Tropicana Centre at 5101 S. Pecos Ave. in Las Vegas. Gregg Williams represented himself as lessee; Colliers International’s Joe Bonifatto and Frank Marretti represented the lessor, Tropec LLC. The reported average rent equals 37 cents per square foot.
MDL Group named Hayim Mizrachi managing partner of its brokerage division. He will oversee brokerage and leasing, and real estate investment on behalf of the Las Vegas-based 24-year-old company. Mizrachi will begin April 1. He most recently served as managing director of NAI Global of Las Vegas.
SHRA Investments bought the 50-year-old, 100-unit Cabana Park, on 4.78 acres, at 2508 Tulip Lane in Las Vegas for $2.6 million, or $26,000-per-unit, from Cabana Park LLC. The two-story apartment complex was 89% occupied at the time of sale. NAI Sauter Cos.’ Patrick Sauter, Devin Lee, Art Carll and Robin Willett represented the seller.
Platinum Worldwide Holdings signed a 1-year $42,000 lease extension for 2,500 square feet of office space inside the 11-year-old Horizon Ridge Professional Center, on 1.85 acres, at 2298 Horizon Ridge Parkway in Henderson. Avison Young’s Heather Lambert represented the lessor, horizon Ridge Professional Center Inc. The reported average rent equals $1.40 per square foot.
Capriotti’s signed a 10-year $350,866 lease for 1,206 square feet of retail space inside the 8-year-old Lake Mead Gateway Plaza, on 6.81 acres, at 170 N. Boulder Highway, Suite 120, in Henderson. Gatski Commercial’s Rob Lujan and Jason Simon represented the lessee; Cushman & Wakefield-Commerce’s Dan Hubbard represented the lessor, VFPLM LLC. The reported average rent equals $2.42-per-square-foot.
LVT 106 LLC bought the two-story, 106-room Travelodge Ambassador Strip Inn, on 1.57 acres, at 5075 Koval Lane in Las Vegas for $3,325,000, or $31,367-per-unit, from Jerzy and Celina Kosla. Marcus & Millichap’s Evan D. Griffith represented both the buyer and seller
Best Rate Referrals signed a 3-year $318,008 lease for 12,657 square feet of office space inside Moneyworld Office Plaza at 8020 W. Sahara Ave. in Las Vegas. Gatski Commercial’s Nick Barber and Jeremy Foley represented the lessor, WCCP I & II Sahara LLC. The reported average rent equals 70 cents per square foot.