Retail Summary: Third Quarter 2014

Southern Nevada In the third quarter of 2014, the Las Vegas retail market reported a vacancy rate of 9.1 percent. The latest period represents a decline of 0.1 percentage point compared to the prior quarter (Q2 2014). Compared to a year ago (Q3 2013), the retail vacancy rate has declined 0.3 percentage points. Anchored retail space has now reported annual declines in vacancy … [Read more...]

Retail Summary: Fourth Quarter 2013

Southern Nevada The Las Vegas retail vacancy rate fell below 10 percent or the first time since 2008 as it ended 2013 at 9.2 percent. The latest rate is down 0.2 percentage points from the prior quarter and represents a decline of 0.8 percentage points from the prior year. During the fourth quarter, the retail sector reported positive net absorption with 147,900 square feet … [Read more...]

Colliers International Finalizes Sale of Tropicana Centre for $39.8 Million

Colliers International announced the recent finalization of the sale of Tropicana Centre in Las Vegas for $39,800,000.

LAS VEGAS – Colliers International announced the recent finalization of the sale of Tropicana Centre in Las Vegas for $39,800,000. The retail power center was sold to New Jersey-based investment firm, Arilex Tropicana Associates LLC. The 589,191-square-foot property, one of the largest and most prominent in Las Vegas, is located at 3035 to 3375 E. Tropicana Ave. in the … [Read more...]