E Sale, Retail ADDRESS 884 N. Nellis Blvd., 89110 BUYER Halle Properties, LLC SELLER Lutfi Antin Etal DETAILS 28,750 SF; $625,000 APN 140-28-410-007 BUYER’S REP Mark Keyzers of NAI Alliance SELLER’S REP David Lipp, CCIM and Chris Godino of Newmark Grubb Knight Frank Sale, Industrial ADDRESS 5550 Reference St., 89122 BUYER Angelo Infante SELLER Dean R & Penny S … [Read more...] about Nevada Real Estate & Development Report: September 2014
Colliers International
Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday, August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities over cups of coffee and … [Read more...] about Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Nevada Real Estate & Development Report: August 2014
E Project, Other ADDRESS 501 S. Las Vegas Blvd., 89101 CONTRACTOR OF RECORD Recreation Development Company LLC (RDC) DETAILS A $1.3 million ‘shell and core’ contract has been awarded to RDC for gypsum board assemblies at the Federal Justice Tower in downtown Las Vegas. The 129,000 SF project is a joint effort between the City of Las Vegas Redevelopment Agency and developer … [Read more...] about Nevada Real Estate & Development Report: August 2014
CCIM: Join the Club
After Nevada’s economic downturn and resulting real estate crash had begun, Cindy Santilena, a Las Vegas commercial real estate lender for small businesses and entrepreneurs, was looking for a way to highlight herself and her company when working with other industry professionals during a struggling, competitive market. She decided to pursue a CCIM, a prestigious certified … [Read more...] about CCIM: Join the Club
Nevada Real Estate & Development Report: July 2014
E Sale, Multi-Family ADDRESS 1401 N. Lamb Blvd., 89110 BUYER Masuda Family Trust SELLER Brooksone Apartments, LLC DETAILS 193 units; $10,550,000 APN 140-29-101-019 SELLER’S REP Patrick J. Sauter and Art Carll of NAI Vegas The Sauter Multifamily Group H Sale, Multi-Family ADDRESS 1651 American Pacific Dr., 89074 BUYER Hamilton Zanze & Company SELLER The Calida … [Read more...] about Nevada Real Estate & Development Report: July 2014
Nevada Real Estate & Development Report: June 2014
E Project, Industrial ADDRESS 124 S. 6th St., 89101 DETAILS The John E. Carson hotel is being renovated into a mixed-use development that will feature feature both retail and office spaces. Construction of the 19,000 SF space began in April of last year and is expected to be complete by July of this year. Tenants to the renovated space are expected to include Black Spade … [Read more...] about Nevada Real Estate & Development Report: June 2014
Nevada Real Estate & Development Report: May 2014
E Project, Industrial ADDRESS 400 S. Seventh St., 89101 DETAILS The Korte Company completed the Robert T. Eglet Advocacy Center in Downtown Las Vegas. The $17.5 million three-story building covers 96,875 SF with office space occupying a little over 47,600 SF. The architect for the project was Design Cell Architecture. H Sale, Industrial ADDRESS 1175 Center Point Dr., … [Read more...] about Nevada Real Estate & Development Report: May 2014
Nevada Real Estate & Development Report: April 2014
E Sale, Retail ADDRESS 5050 E. Russell Rd., 89122 BUYER Wyandotte, Inc SELLER Kathleen & Adrian Varni Trust DETAILS 24,034 SF; $2,200,000 APN 161-28-401-011 BUYER’S REP Neil Dela Cruz of MDL Group SELLER’S REP Katherine Bergh of Marcus & Millichap Loan, Office ADDRESS 2575 E. Sahara Ave., 89104 BORROWER Reliable Auto Sales LENDER TMC Financing and Zions … [Read more...] about Nevada Real Estate & Development Report: April 2014
Power Poll 2014: The Bounce Back
Optimism characterizes the mood of Nevada executives this year. Whether it’s waving goodbye to the recession or already having moved on to bigger and better things, business owners and executives have officially brushed off the oppressive economy and are now working on the bounce back. The 2014 Power Poll marks the twelfth year executives have weighed in on various issues … [Read more...] about Power Poll 2014: The Bounce Back
Nevada Real Estate & Development Report: March 2014
E Lease, Industrial ADDRESS 4935 Steptoe St. Ste 500, 89122 TENANT Charming Exhibition Inc. LANDLORD Lomas Regency LLC DETAILS 5,850 SF; $22,464 for one year REP (BOTH) Jarrad Katz, CCIM and Galit Kimerling of MDL Group H Project, Office ADDRESS 875 Warm Springs Rd., 89011 DETAILS Cadence, the 2,200-acre planned community in Henderson has begun construction on a … [Read more...] about Nevada Real Estate & Development Report: March 2014
Nevada Real Estate & Development Report: February 2014
H Sale, Office ADDRESS 3039 W. Horizon Ridge Pkwy, 89052 BUYER Denco, LLC SELLER Vantage at Horizon Ridge, LLC DETAILS 6,754 SF; $1,725,000 APN 177-35-510-029 BUYER’S REP William Skupa and Gino Vincent of MINT Property Group, Ltd. SELLER’S REP Joseph DeSimone of First Federal Realty Desimone Sale, Vacant Land ADDRESS Stephanie St. and Wigwam Pkwy. 89074 BUYER LVCSD … [Read more...] about Nevada Real Estate & Development Report: February 2014
Nevada Real Estate & Development Report: January 2014
New Year - New Format The ReD Report has a new, easier to read format. Commercial real estate professionals throughout the state have requested the report be categorized in market areas, as opposed to zip codes. The color-coded areas correspond to the map below and each deal is presented in a more concise manner. We appreciate all the brokers who continue to send us their … [Read more...] about Nevada Real Estate & Development Report: January 2014
Nevada Real Estate & Development Report: December 2013
Projects Las Vegas, 89110 Government CORE Construction began building Fire Station 108 in conjunction with National Fire Prevention Week in October 2013. The project was initially placed on hold due to economic conditions in 2009. Construction is projected for completion on August 21, 2014. The $6.7 million project will improve emergency response time in its area, as well … [Read more...] about Nevada Real Estate & Development Report: December 2013
Nevada Real Estate & Development Report: November 2013
Projects Las Vegas, 89109 Tutor Perini Building Corp. has begun construction on the third phase of the Marriott’s Grand Chateau, the first vertical construction to occur on the Las Vegas Strip since 2008. Construction is projected for completion mid-2014, and will add 233 tower villas for a total of 643 units at the timeshare resort. The tower villas range from one- to … [Read more...] about Nevada Real Estate & Development Report: November 2013
Nevada Real Estate & Development Report: October 2013
Projects Henderson, 89052 Hospital Burke Construction has begun construction on the Seven Hills Behavioral Institute Expansion project. Plans for the project include the conversion of an existing one story, 15,000 SF office building to an institutional occupancy building. Upgrades will provide additional space for 36 new inpatient psychiatric beds located within two nursing … [Read more...] about Nevada Real Estate & Development Report: October 2013