• Tax Services of America, Inc dba Jackson Hewitt leased 1,183 square feet of retail space at 1540 W. Warm Springs., from Sunstone Bonita, LLC. Total consideration was $158,716. Managing Director Michael Zobrist and Managing Director Lauren Tabeek, CCIM of Newmark Knight Frank represented the lessor in the transaction. • Rameshwar, LLC dba D's Smoke Shop & Gifts leased … [Read more...] about Newmark Knight Frank’s Recent Leasing Activity
Newmark Knight Frank
Newmark Knight Frank Reps Seller in 1.4-acre Land Sale
Newmark Knight Frank represented Summerlin Asset Management, LLC and Iron Rock Properties, LLC in the sale of a 1.4-acre parcel of land located at the SEC of Decatur Boulevard and Ford Avenue, to Zheng Da, LLC. Total consideration was $1,000,000. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the seller in … [Read more...] about Newmark Knight Frank Reps Seller in 1.4-acre Land Sale
Newmark Knight Frank’s Recent Retail Leasing Transactions
· Las Vegas CP1, LLC dba Core Progression leased 4,210 square feet of retail space at 4215 S. Grand Canyon Dr, Suite 105 from Grand Canyon Center, LP. Total consideration was $844,601. Managing Director Michael Zobrist and Managing Director Lauren Tabeek, CCIM of Newmark Knight Frank represented the lessor in the … [Read more...] about Newmark Knight Frank’s Recent Retail Leasing Transactions
Industry FocusBrokers
As Nevada businesses work to adjust to a rapidly changed world, executives in commercial brokerage see a multitude of changes to their industry. From tenant and landlord to bankers, brokers are involved in nearly every aspect of the commercial real estate industry and are working to advise their clients moving forward in a post-COVID world. Recently, brokerage executives … [Read more...] about Industry Focus
RetailFocus on the Experience
Once upon a time — say, 10 years ago — retail was all about selling stuff. But as the business of selling stuff continues to move online, the word of the moment among retailers and shopping center owners is “experience.” “Experience is a big part of what retailers are looking to incorporate now, whether this is in the form of innovative interiors, games or mobile pickup,” … [Read more...] about Retail
Industry FocusProperty Management
No industry is more involved in the daily running of a building than property management. From dealing with a homeless population to municipalities and tenant renewals, property managers are experts at handling a variety of issues that can arise. Recently, industry leaders met at the Las Vegas offices of City National Bank to discuss commercial real estate and … [Read more...] about Industry Focus
Last WordWhat Factor is Most Important to a Business’ Success?
Scott Pruneau CEO ITS Logistics “In one word, Clarity. If you can achieve clarity on why you are in business, the market you serve, and how you create value for your stakeholders—your chances of success are very high.” Lori J. Raugust MAI, MRICS Senior Vice President | Valuation & Advisory National Team Leader – Gaming Newmark Knight Frank “The … [Read more...] about Last Word
The Return of Office 2019Nevada’s CRE Office Industry
Nevada’s commercial real estate office market is healthy, but not considered robust. Hit hard during the 2008 recession, it’s good to see vacancy rates dropping and rents increasing, but there’s been very little new product built in the last decade, which accounts for at least some of the continuing drop in vacancy rates. “The office market is not where we’d like it to be, … [Read more...] about The Return of Office 2019
Last WordWhat Are Your Hopes for 2019?
“I hope this country can find common ground and come together. When we unite, we are the greatest country in the world. We need to demonstrate positivity, success and happiness to our future generations.” Bryan Kroten, Vice President of Marketing | Maverick Helicopters “I hope that the new year brings renewed commitment to working together for a better today and tomorrow … [Read more...] about Last Word
Working for Workplaces: The Office Market in Nevada
The Nevada office real estate market is set to be the most active it’s been since before the Great Recession, but one major factor could stymie the growth. Multiple real estate professionals in Nevada said 2017 was a great year for the office market and 2018 is looking even better, but the consistent absorption has led to a lack of available inventory. Unless more office … [Read more...] about Working for Workplaces: The Office Market in Nevada
Today’s World of Brokerage: What to Know
Larry Singer’s team at Newmark Knight Frank (NKF) has provided services to Ainsworth Game Technology Ltd. for years. First, the commercial real estate brokerage located a Las Vegas site for this gaming machines manufacturer and supplier’s 300,000 square-foot North American headquarters then helped them acquire, through auction, an additional 5-acre parcel from Clark County to … [Read more...] about Today’s World of Brokerage: What to Know