Red Report: May 2015

Read the Nevada Real Estate & Development Report: May 2015 - Commercial real estate and development - projects, sales, and leases.

E Project, Industrial ADDRESS 4025 E. Cheyenne Ave., 89115 CONTRACTOR OF RECORD United Construction Company DETAILS Construction is underway on Dermody Properties’ LogistiCenter Cheyenne. The 381,804 SF distribution facility will feature a 32-foot clear height, 80 trailer stalls and 248 parking stalls. The project is expected to be complete in October of this … [Read more...]

CCIM Southern Nevada February Luncheon – The Investment Sales Market is Back

CCIM Southern Nevada Presents the February 2015 Luncheon - The Investment Sales Market is Back - Deals and Opportunities for 2015 NEW LOCATION FOR 2015 Palms Casino Resort 4321 W Flamingo Road Addison Exhibit Hall 1st Floor Next to the Sports Book Date Wed, February 25, 2015 11:30 AM - 1:15 PM Commercial Real Estate Panel featuring: Adam Basch with Kite … [Read more...]

Southern Nevada CCIM Chapter Announces New President Robin Civish, CCIM with the 2015 Board of Directors

Civish of Voit Real Estate Services in Las Vegas received her CCIM designation in 2009 and has served as a chapter director since 2010.

The Southern Nevada CCIM Chapter has announced the new Executive Officers and Board of Directors for 2015 with Robin Civish, CCIM serving as president of the chapter beginning January 1. Civish of Voit Real Estate Services in Las Vegas received her CCIM designation in 2009 and has served as a chapter director since 2010.  She is a specialist in the retail industry and has … [Read more...]

CALV Names New Board for 2015, with Bobbi Miracle as President

CALV has announced its new officers and directors for 2015, with longtime member and commercial real estate executive Bobbi Miracle serving as president.

The Commercial Alliance Las Vegas (CALV) has announced its new officers and directors for 2015, with longtime member and commercial real estate executive Bobbi Miracle serving as president of the commercial real estate organization starting Jan. 1.Miracle, of Commercial Executives Real Estate Services in Las Vegas, previously served as president-elect and as a director of … [Read more...]

Vegas Home Prices Rise, Market Sees More Traditional Buyers

The median price of an existing single-family home sold in Southern Nevada during June was $199,900 - the highest mark since September 2008. This is according to recent statistics released by the Greater Las Vegas Association of REALTORS (GLVAR). The median price is 2.5 percent higher than May and up over 14 percent compared to June 2013. GLVAR President Heidi Kasama called … [Read more...]

CCIM: Join the Club

The requirements to earn the CCIM designation are challenging and extensive, necessitating a commitment of time, effort, money and, often, sacrifice.

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...]

Nevada Real Estate & Development Report: June 2014

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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...]

Family Owned Businesses 2014

The backbone of the economy, family owned businesses are an integral part of Nevada’s economic landscape.

Congratulations to the 2014 Family Owned Business Finalists It isn’t easy running a business, especially a family-owned business. Late hours, little to no salary and foregoing vacations can sometimes be exacerbated by family squabbles and employees that know the boss just a little too well. Nevertheless, family-owned businesses are the backbone of Nevada’s economy. This … [Read more...]

Industry Focus: Power Women

A group of Nevada’s power women recently met at the offices of Gordon Silver to discuss the trends and obstacles facing their industry.

Women executives are no longer a novelty in board rooms. They represent a growing percentage of businesses across the state. Nevertheless, women face a unique set of challenges and many believe the glass ceiling has not yet shattered. Recently, a group of successful female executives met at the Las Vegas offices of Gordon Silver to discuss issues facing women in … [Read more...]

Nevada Real Estate & Development Report: February 2014

Read the Nevada Real Estate and Development Report: February 2014 - Commercial real estate and development - projects, sales, and leases.

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...]

An Industry Revived: Commercial Real Estate in Nevada

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said.

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said. Due to a confidence that the market is on the upswing, investors and tenants are willing to buy and lease. In fact, brokers completed some sizable deals in 2013, including the sale to Genting Berhad, a Southeast Asia casino … [Read more...]

Nevada Real Estate & Development Report: January 2014

Read the Nevada Real Estate and Development Report: January 2014 - Commercial real estate and development - projects, sales, and leases.

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...]

Nevada Real Estate & Development Report: December 2013

Nevada Real Estate and 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...]

Arroyo North Business Center Adds New Tenant

Colliers International announced the finalization of a 39-month lease to Style Event Design LLC property located at 6630 Arroyo Springs St.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a 39-month lease (NNN) to Style Event Design LLC. The 13,671-square-foot industrial property is located at 6630 Arroyo Springs St., Suite 900 in the Arroyo North Business Center (Phase 1). The total transaction value was $268,227. Jessica Beale and Cathy Jones of Sun Commercial Real Estate Inc. … [Read more...]

O’Hagin LLC Signs 39-month Lease in Henderson

Las Vegas announced the finalization of a 39-month lease (NNN) to O’Hagin LLC. The 24,079-square-foot industrial property is located at 880 Wigwam Parkway.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a 39-month lease (NNN) to O’Hagin LLC. The 24,079-square-foot industrial property is located at 880 Wigwam Parkway, Suite 100 in the Traverse Pointe Commerce Center. The total transaction value was $341,653.20. Cathy Jones of Sun Commercial Real Estate Inc. represented the lessee. Michael De Lew and … [Read more...]

Nevada Real Estate & Development Report: October 2013

Nevada ReD Report October 2013: Commercial real estate and development - projects, sales, and leases.

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...]

Nevada Real Estate & Development Report: September 2013

Nevada ReD Report September 2013: Commercial real estate and development - projects, sales, and leases.

Projects Las Vegas, 89129 Government J.A. Tiberti Construction has completed renovations on the Durango Hills Water Resource Center. Facility improvements totaled $9.1 million and included construction of two new 8,800 SF structures. The water center was kept open during the 13-month project. MWH Americas served as architect of record. The facility is located at 3271 N. … [Read more...]