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Sale, Office
ADDRESS 4101 E. Charleston Blvd., 89104
BUYER Sunland Properties, Inc.
SELLER Gramercy Capital Corp.
DETAILS 148,070 SF; $4.6 million
APN 161-06-501-008
SELLER’S REP Tom Naseef, CCIM, SIOR and Jeff Naseef of Colliers International
Sale, Multi-Family
ADDRESS 1650 N. Pecos Rd., 89115
BUYER ABJ Group Enterprises
SELLER California Capital Real Estate Advisors
DETAILS 160 units; $62,500 per unit
APN 140-19-412-000
BUYER REP Art Carll of NAI Vegas’ Sauter Multifamily Group
SELLER REP Robin Willet of NAI Vegas’ Sauter Multifamily Group
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Project, Multi-Family
ADDRESS 1050 Galleria Dr., 89011
CONTRACTOR OF RECORD Franklin Companies
DETAILS Franklin Companies has signed an agreement to construct a $60 million, 400,000 square-foot senior living village at Union Village. The senior living community, called Franklin Park, will include 150 units for independent living, 75 units for assisted living and 50 units for memory care. Construction will begin later this year and is expected to be complete in early 2018.
Sale, Land
ADDRESS 880 E. Larson Ln., 89044
BUYER Impala, LLC
SELLER ND Holdings Henderson Series
DETAILS 3.63 acres; $1 million
APN 191-10-801-013
SELLER’S REP Vince Schettler of Colliers International
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Sale, Retail
ADDRESS 785 W. Craig Rd., 89032
BUYER Virat, LLC
SELLER RREF II-KI Promenade, LLC
DETAILS 5,338 SF; $2.3 million
APN 139-03-314-002
BUYER’S REP Les Eisinga of Northcap Commercial
SELLER’S REP Lauren Tabeek, CCIM of Cushman Wakefield | Commerce
Sale, Industrial
ADDRESS 204 Mayflower Ave., 89030
BUYER Diamond Coast Group, LLC
SELLER Harlan Land Co.
DETAILS 24,408 SF; $2.8 million
APN 139-15-615-002
SELLER’S REP Brian Riffel and Tyler Jones of Colliers International
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Sale, Retail
ADDRESS 700 E. Naples Dr., 89119
BUYER LBM Investments, Inc.
SELLER ANN Resources, LLC
DETAILS 10,480 SF; $2.3 million
APN 162-22-306-001
BUYER REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate
SELLER’S REP Maha Odeh of Regal Properties
Sale, Industrial
ADDRESS 2708 S. Highland Dr., 89109
BUYER Richilou, LLC
SELLER Douglas R. & Emily J. Momary and George T. & Phyllis D. Bond
DETAILS 6,614 SF; $550,000
APN 162-09-111-002
REP (BOTH) Ben Millis, SIOR and Chris Beets of Newmark Grubb Knight Frank
Sale, Industrial
ADDRESS 3934 Silvestri Ln., 89120
BUYER Dog Island, LLC
SELLER PFIILP – Silvestri Lane LLC
DETAILS 16,888 SF; $1,550,000
APN 161-31-710-015
BUYER REP Greg Pancirov, SIOR of Colliers International
SELLER’S REP Mike DeLaw, SIOR of Colliers International
Lease, Office
ADDRESS 3920 S. Eastern Ave. Ste. 202, 89119
TENANT RMCC Cancer Center, LLC
LANDLORD Somerset at Sahara, LLC
DETAILS 9,371 SF; $391,604 for 3 years
LANDLORD’S REP Ben Millis, SIOR and Chris Beets of Newmark Grubb Knight Frank
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Sale, Industrial
ADDRESS 4655 Quality Ct., 89103
BUYER Knock Knock, LLC
SELLER Cameron Bell, LLC
DETAILS 11,604 SF; $985,000
APN 162-19-301-016
BUYER REP Jared Katz, CCIM, SIOR and Galit Kimerling of MDL Group
SELLER’S REP Chris Beets and Dave Wrzesinski of Newmark Grubb Knight Frank
Loan, Other
ADDRESS 8945 Kens Ct., 89139
LOAN OFFICER Kyle Nagy of CommCap Advisors
DETAILS Kyle Nagy of CommCap finalized a $2,350,000 loan to borrower Green Valley Storage – Blue Diamond LLC for a total of 339 storage units. The loan was structured with a 25 year term and 25 year amortization.
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Project, Hotel
ADDRESS 1 S. Lake St., 89501
CONTRACTOR OF RECORD Miles Construction
DETAILS Miles Construction began renovation of the former Siena Hotel Casino marking its transformation to a non-gaming Renaissance Hotel (part of the Marriott collection). The remodeling includes 214 hotel rooms, 15,500 SF of convention space, lobby and a conversion of the former 17,000 square-foot casino area into a restaurant and event center featuring indoor and outdoor bocce courts, an outdoor garden, a dining area and private event area. Expected completion for the renovation is late 2016.
Sale, Office
ADDRESS 300 Kresge Ln., 89431
BUYER Victory Built, LLC
SELLER JKN, LLC 300 Kresge Series
DETAILS 18,318 SF; $915,000
APN 034-258-01
Sale, Retail
ADDRESS 150 E. Grove St., 89015
BUYER Meh Family Trust
SELLER Chapman Living Trust
DETAILS 6,028 SF; $325,028
APN 020-011-07
Sale, Retail
ADDRESS 10695 Stead Blvd., 89506
BUYER Merrick 621 Exchange, LLC
SELLER National Retail Properties LP
DETAILS 9,184 SF; $2,225,000
APN 554-020-02
Loan, Mixed-Use
ADDRESS Multiple Properties, Las Vegas
LOAN OFFICER CBRE Capital Markets’ Debt & Structured Finance Team
DETAILS CBRE Capital Markets represented Camden Property Trust in the $630 million sale of a 15-property multifamily portfolio to funds managed by Oaktree Capital Management LP and The Bascom Group, LLC. CBRE secured the $470.7 million loan for the acquisition for the portfolio with a seven-year floating rate, which includes an interest-only term. The portfolio consists of 4,918 apartment units, a small neighborhood retail center and 19.6 acres of undeveloped land located throughout Las Vegas.
