CBRE announces today the listing of a large parcel of property in Laughlin, Nevada. The parcel is approximately 2,000 acres and is located east of Needles Highway, south of Bruce Woodbury Drive and bordered on the west and south by Casino Drive. The decommissioned Mohave Generating Station is located on the property. Keith Spencer, First…Read More→
Babystacks Café 5, LLC leased 2,100 square feet of retail space for 96 months at 8090 Blue Diamond Rd, Suite 170, Las Vegas, NV 89113 from Sunstone Diamond, LLC. Total consideration was $363,300.00. Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank represented the lessor in the transaction. The approximate aggregate value of the lease is $1.80…Read More→
Southern Nevada’s land market continued its recovery in 2014, with 2,761 acres trading hands up 4.5% from the prior year, reports John Stater, research manager for Colliers International Las Vegas. There was $150 million in sales with an average price of $6.35 per square foot. During the real estate boom in 2007, land sold for…Read More→
Tropicana Express LLC bought 57.42 acres of land at the southeast corner of E. Bruce Woodbury and Thomas Edison Drives in Laughlin for $1.9 million, or $33,089-per-acre, from Maday Geraldine Management Trust. First Real Estate Companies’ Kevin M. Buckley, Colleen McDonald, and Julie Anderson represented the seller.
Nuco Investments LLC bought 14.05 acres of land at 1040, 1050, and 1136 W. Pioneer Blvd. in Mesquite for $500,000, or $35,587-per-acre, from Branch Banking and Trust Company. Cushman & Wakefield-Commerce’s Dan Hubbard and Todd Manning represented the seller; Premier Properties of Mesquite Nevada represented the buyer.
Southern Nevada total land sales remains well below the levels seen in 2007, but during the first two quarters of 2014, there was 429.1 acres of commercial land that exchanged hands for $123.96 million in total volume, says Colliers International research manager John Stater. The average sales price of commercial land in 2014 was $577,605.50…Read More→
Meili Ou bought 1.75 acres of vacant commercial land at 1400 S. Nevada Highway 160 in Pahrump for $255,000, or $145,714-per-acre, from First Security Bank of Nevada. Realty Executives in Action’s Sharon Walls-Conway represented the buyer; Colliers International’s Grant Traub represented the seller.