Las Vegas Home Prices See 2.7 Percent Increase

Las Vegas home prices ticked up 2.7 percent in February – even as the valley saw fewer homes selling. According to statistics released by the Greater Las Vegas Association of REALTORS (GLVAR), the median price of an existing single-family home sold in Southern Nevada during February was $190,000, up from $185,000 in January. Total existing homes,… [More...]

Colliers International Finalizes Sale of Eldorado Business Park for $21,000,000

Colliers International announced the finalized sale of Eldorado Business Park located at 7445 S. Dean Martin Drive.

LAS VEGAS – Colliers International – Las Vegas announced the finalization the sale of Eldorado Business Park to Stockbridge Funds. The 208,076-square-foot multi-tenant industrial property is situated on 15.08 acres and located at 7445 S. Dean Martin Drive in Las Vegas.  The transaction value was $21,000,000. Dean Willmore, SIOR, of Colliers International represented the seller, Eldorado Industrial… [More...]

Nevada Real Estate & Development Report: April 2014

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

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… [More...]

Officials Break Ground on Moapa Paiute Tribe Solar Project

The first utility-scale solar project on tribal land is underway in Southern Nevada. U.S. Senate Majority Leader Harry Reid (NV) joined representatives from the Moapa Band of Piautes and executives from First Solar, Inc. (Nasdaq: FSLR) and the Los Angeles Department of Water and Power (LADWP) to kick off construction on the 250 Megawatt power… [More...]

Oro Pama LLC Signs $2.8 Million Industrial Lease

Colliers International announced the finalization of a sale to EdgeConneX LLC, for an industrial property situated on 1.44 acres located at 1541 Pama Lane.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a sale to EdgeConneX LLC. The 30,253-square-foot industrial property situated on 1.44 acres located at 1541 Pama Lane in Las Vegas. The transaction value was $2,790,000. Xavier Wasiak of Jones Land LaSalle represented the buyer. Dean Willmore, SIOR of Colliers International represented the seller, Oro… [More...]

Auto Buyline Systems Inc Completes Sublease in Las Vegas

Colliers International announced the finalization of a sublease for an industrial property located at 3550 W. Teco Ave.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a sublease (NNN) to Interior Service Network Inc. The 28,432-square-foot industrial property is located at 3550 W. Teco Ave. in Las Vegas. Sean Beard of Pulse Realty Group represented the lessee. Dean Willmore, SIOR of Colliers International represented the lessor, Auto Buyline Systems Inc. About… [More...]

Updike Distribution Logistics Signs Industrial Lease in Las Vegas

Colliers International announced the finalization of a lease to Updike Distribution Logistics for a property located at 3030 N. Lamb Blvd.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a lease (MG) to Updike Distribution Logistics LLC. The 55,125-square-foot industrial property is located at 3030 N. Lamb Blvd. in Las Vegas. Dean Willmore, SIOR of Colliers International represented the lessee. Dean Willmore, SIOR of Colliers International represented the lessor, Natomas Creek Nevada LLC. About… [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.… [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… [More...]

South Point Plaza Office Building Sold for $830,000

Colliers International announced the finalization of the sale of an office building to Real Capital Corporation located at 10420 S. Eastern Ave.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of the sale of an office building to Real Capital Corporation. The 8,300-square-foot property situated on 1.26 acres is located at 10420 S. Eastern Ave. in the Southpoint Plaza. The total transaction amount was $830,000. Dean Willmore, SIOR of Colliers International represented the seller, Coronado Eastern… [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… [More...]

Colliers International | Las Vegas Transactions

LAS VEGAS – Colliers International – Las Vegas announced the finalization of the following transactions: A 86-month lease (NNN) to Elite Foods LLC. The 8,535-square-foot industrial property is located at 6560 Tioga Way, Suite 130 in the Arroyo North Business Center (Phase II). The total transaction amount was $469,929. Rich Luciani and Jeff Barton of Newmark… [More...]

Nevada Real Estate & Development Report: November 2013

Read the Nevada Real Estate and Development Report: November 2013 - Commercial real estate and development - projects, sales, and leases.

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.… [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 units. The… [More...]

Natomas Creek Nevada LLC Signs Las Vegas Lease

Colliers International announced the finalization of a 64-month lease to Advanced Wheel Sales LLC, the industrial property is located at 3030 N. Lamb Blvd.

LAS VEGAS – Colliers International, Las Vegas announced the finalization of a 64-month lease to Advanced Wheel Sales LLC. The 31,500-square-foot industrial property is located at 3030 N. Lamb Blvd., Suite 106 in the Freeport West Distribution Center. The total transaction value was $581,998. Zac Zaher of Voit represented the lessee. Dean Willmore, SIOR and Eric Molfetta… [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… [More...]

HLM Montague Property LLC Buys Property for $2.1 Million

Colliers International announced the finalization of the sale of a property to HLM Montague Property LLC property is located at 1535 Pama Lane.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of the sale of an industrial property to HLM Montague Property LLC. The 22,689-square-foot property is located at 1535 Pama Lane in Las Vegas. The total transaction value was $2,007,976. Spencer Pinter of Colliers International represented the buyer. Eric Molfetta and Dean Willmore, SIOR of… [More...]