• The Greater Las Vegas Association of REALTORS® (GLVAR) plans to move into a new home in late Fall of 2017.  Located just north of Sunset Rd on Rainbow Boulevard, near the 215, GLVAR’s new headquarters will feature classrooms big enough to seat 300 members, and accommodate member services. Construction is slated to start in January…Read More→

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  • Summerlin Ranch Plaza, LLC purchased Tucson Plaza, a 32,032 SF retail center located at 9436 – 9484 W. Lake Meade Blvd., in Las Vegas for $5,250,000 or $163.90/SF.   Brendan Keating & Sean Margulis with Logic Commercial represented the buyer and Ron Opfer with Coldwell Banker represented the seller, Sunshine Holdings, LLC.

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  • A lease to West Las Vegas Surgery Center LLC. The approximately 18,147 square foot (approximately 14,912 square foot renewal plus approximately 3,235 square foot expansion) medical office property is located in Valley View Surgery Center at 1330 S. Valley View Blvd. in Las Vegas. Andrew Kilduff and Stacy Scheer, CCIM, LEED GA of Colliers International…Read More→

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  • Academy of America Kenpo Karate Inc. leased approximately 1,872 square feet of retail space at Crossroads Center located at 650 E. Horizon Drive, Suite 11 in Henderson.  Chris Emanuel and Vanesa Werme of Virtus Commercial represented the lessor, Crossroads Center Management Company, and the lessee. Jamal Sarioul Smoke Shop leased approximately 1,040 square feet of…Read More→

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  • CBRE announced the sale of two office buildings located at 6431 and 6465 W. Sahara Avenue, Las Vegas, NV 89146. Charles Moore, CSM, Marlene Fujita-Winkel, CCIM and Bart Debuono of CBRE’s Las Vegas office represented the sellers, M&S Limited Partnership, in the $1,825,000 transaction for the 6431 W. Sahara property encompassing 14,101 square feet, and…Read More→

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  • Escapeability leased approximately 3,107 square feet of retail space at Durango Retail Center located at 3100 S. Durango Drive, Suites 105, 106, 107 in Las Vegas.  Mike Brazill of Sun Commercial represented the lessor, Amerivine Inc, and Matt Feustel of Virtus Commercial represented the lessee.   Anderson Business Advisors leased approximately 5,973 square feet of…Read More→

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  • Colliers International Las Vegas announced today the release of their second quarter market reports. While Southern Nevada’s commercial real estate market showed some softening at the mid-point of 2016, it remained positive overall. The industrial market continued to expand, posting slightly lower net absorption than in the previous quarter, but still enough to push the…Read More→

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  • The Las Vegas apartment market saw an increase in the average asking rent and a decrease in the vacancy rate this quarter, according to data from the Lied Institute’s Apartment Market Trends report.  This was the sixth consecutive quarter where the average asking rent increased.  This quarter saw a 1.5% increase in the average asking…Read More→

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  • A lively panel discussion by local real estate gurus will highlight a commercial real estate symposium being presented Sept. 28 by the Commercial Alliance Las Vegas (CALV). CALV is hosting its 11th annual Commercial Alliance Educational Symposium from 7:30 a.m. to 4 p.m. on Wednesday, Sept. 28, at the Gold Coast hotel-casino for commercial real estate professionals in Nevada and neighboring states. In…Read More→

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  • RAAMCO LV, LLC purchased the 192 unit Alterra Apartments located at 2701 N. Decatur Blvd, in Las Vegas for $17,700,000.  Built in 1996, the property was 96% occupied at the time of sale.  This all cash transaction featured a 5.51% CAP on in-place income and closed in 40 days.  Art Carll and Patrick Sauter with…Read More→

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