Brian Bolanowski of Virtus Commercial represented 3977 Oquendo Rd, LLC in the lease of 1,250 square feet of industrial space at 3977 W. Oquendo Road, Las Vegas, NV 89118. The tenant, Saraphine, Inc, will occupy Suite B. The total transaction value of this 12.5 month lease is $10,876. The approximate aggregate value of the transaction is…Read More→
Robert S. Hatrak II of Virtus Commercial represented 701 Bridger, LLC in the lease of 2,928 square feet of office space at the 701 Bridger Office Building, 701 E. Bridger Avenue, Las Vegas, NV 89101. The tenant, LMBC, LLC will occupy Suite 120. The total transaction value of this 37 month lease is $216,117. The…Read More→
CAI Investments, a Las Vegas company, has executed a term sheet to developan $18 million, 125-room Starwood Hotels-branded limited-service hotel near Las Vegas Motor Speedway. Construction of the hotel at Speedway Boulevard and South of Interstate 15 is slated to start in July 2016 and last 12 to 14 months. Christopher Beavor, managing partner of CAI,…Read More→
The CBRE Las Vegas office announces the release of the firm’s 2015 yearly and fourth quarter market statistics for the industrial, office and retail sectors in southern Nevada. Highlights: Industrial – In 2015, the Las Vegas Industrial market posted 4.9 million sq. ft. of positive net absorption, which is a record level for the market. New construction…Read More→
Burlington Coat Factory of Nevada, LLC signed a 120-month $6,125,000 lease for 50,000 square feet of retail space at 2189 W. Craig Road in North Las Vegas. Jeff Mitchell and Joe Cooley with Virtus Commercial represented the lessee and Bob Touma and Chuck Creigh with New Market Advisors represented the lessor, Brixton Craig, LLC. The reported…Read More→
Premier Business Centers signed a 84-month $1,587,003 lease for 14,533 square feet of office space in Augusta Park located at 1489 W. Warm Springs Road, Suite 110 in, Henderson. Chris Emanuel with Virtus Commercial represented the lessor, TIH Augusta Park, LLC. The reported average rent equals $1.30 per square foot.
Dapper Companies, headed by Las Vegas native and longtime local real estate broker and developer J Dapper, announced that three new tenants have leased space at their local properties. Capriotti’s Sandwich Shop franchisee Vegas Cap 7, LLC signed a 10-year lease for 1,800 square feet of space in a multi-tenant building on the northwest corner…Read More→
Riviera Shopping Center, LTD purchased the 100 unit Terravita Apartment Homes, located at 3949 N. Nellis Blvd in Las Vegas for $6,000,000 ($60,000 per unit). Robin Willet, with NAI Vegas, represented the buyer and seller; ABJ Group Enterprises.
Sun Commercial Real Estate is pleased to welcome to our Las Vegas Office Linda Gonzales, Vice President, and Cassie Catania-Hsu, Senior Vice President. Linda is affiliated with many well-known commercial real estate organizations, including NAIOP. She serves on the Membership and Sponsorship Committees and Co-chairs the Events Committee….Read More→
NV Network Insurance signed a 38-month $50,400 lease for 900 square feet of retail space at The Grove located at 445 W. Craig Road, Suite 104, in North Las Vegas. Alma Catalan with Desert Vision Realty represented the lessee and Jakke Farley with Virtus Commercial represented the lessor, High Valley VI, LLC. The reported average…Read More→