Panattoni Development Company Acquires Industrial Space in North Las Vegas

LAS VEGAS – Doug Roberts, partner for the Nevada division of Panattoni Development Company Inc., announced the company recently closed escrow on a 103,000-square-foot industrial space in North Las Vegas. The total value of the transaction was $5,250,000. The acquired property is located at 1841 E. Craig Road in North Las Vegas. Bryan Houser with Albright Callister & … [Read more...]

A Developing State: Growing Economy Encourages New Projects

Business is growing across the state. Those who survived the recession are going back to work developing.

As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...]

What is your favorite charity?

What is Your Favorite Charity?

“Candlelighters of Southern Nevada is special to me because of the support, education, hope and advocacy they provide families of children with cancer. It’s important for these families to know they are not alone and that someone cares.” Justin Brown | Vice President Regulatory Affairs, Southwest Gas “My most compassionate feelings go out to the single-parent homeless. Our … [Read more...]

Henderson: Built to Suit

Henderson has evolved into a first-rate location for companies. Today, this progressive city delivers exceptional services and amenities for businesses.

Henderson, now in its 61st year, has evolved into a first-rate location for companies. Today, this progressive city delivers exceptional services and amenities for businesses, living up to its moniker: the Las Vegas Valley Address for Business Success. It’s home to many nationally and regionally known enterprises; others are in the process of making it so. More than 10,000 … [Read 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 plant. The project is located on … [Read more...]

Panattoni Receives NAIOP Spotlight Award for SHFL entertainment Project

Panattoni Development Company announced the firm’s SHFL entertainment headquarters project received a NAIOP Southern Nevada Spotlight Award.

LAS VEGAS – Doug Roberts, partner for the Nevada division of Panattoni Development Company, announced the firm’s SHFL entertainment headquarters project received a NAIOP Southern Nevada Spotlight Award this month in recognition of the project’s impact on the local economy. The SHFL entertainment headquarters, a 130,000-square-foot office, warehouse and manufacturing … [Read more...]

Panattoni Announces New Reno Development Manager

Panattoni Development Company announced the addition of Paul Kinne as the company’s development manager for its Reno office.

RENO, Nev. – Panattoni Development Company announced the addition of Paul Kinne as the company’s development manager for its Reno office. Kinne is tasked with many responsibilities, including managing the development of industrial and office properties, coordinating aspects of land acquisition, managing project construction budgets and underwriting development feasibility. … [Read more...]

Panattoni Development Company Finalizes $16.1 Million Sale in Fernley

RENO, Nev. – Doug Roberts, partner for the Nevada division of Panattoni Development Company, announced the company recently finalized the sale of a 337,500-square-foot industrial property located at 2375 E. Newlands Drive in Fernley, Nev. Cole ID Fernley NV LCC purchased the property from Panattoni. The total value of the transaction was $16.1 million. William Palmer of … [Read more...]

Panattoni Finalizes Sale of 8.77 Acres in North Las Vegas

LAS VEGAS – Doug Roberts, partner for the Nevada division of Panattoni Development Company, announced the company recently finalized the sale of 8.77 acres of raw land located at 3255 Marion Drive in North Las Vegas. The total value of the transaction was $571,071.60. Jones Lang LaSalle represented Panattoni Development Company. Colliers International – Las Vegas represented … [Read more...]

Panattoni Finalizes 3 Commercial Property Sales at Buffalo/215 Business Park

LAS VEGAS – Doug Roberts, partner for the Nevada division of Panattoni Development Company, announced the company recently finalized three commercial property sales at the Buffalo/215 Business Park for a total value of more than $800,000. Desert Kitchens LLC purchased Buffalo/215 Building 4, a 6,150-square-foot office space at 7693 W. Post Road. The total value of the … [Read more...]

Panattoni Tilts Walls for SHFL entertainment Headquarters

Panattoni SHFL Wall Tilt

LAS VEGAS (April 29, 2013) – Doug Roberts, partner for the Nevada division of Panattoni Development Company, announced today  the concrete walls have been tilted and the roof has been installed for SHFL entertainment’s new 130,000-square-foot corporate headquarters in Las Vegas. The project, which has created approximately 200 new construction jobs, is scheduled for completion … [Read more...]

Panattoni Development Company Finalizes $15 Million Lease Extension

Panattoni Development Company

RENO, Nev. (April 25, 2013) – Doug Roberts, partner for the Nevada division of Panattoni Development Company, announced today the company recently finalized a 115-month lease extension with Trex Company Inc. for 337,500 square feet of industrial space in Northern Nevada. The property is located at 2375 E. Newlands Drive in Fernley, Nev. The value of the transaction was … [Read more...]

Special Report: City of Henderson

Today, Henderson is a far cry from the small industrial center it once was. And yet, Nevada’s second largest city still exemplifies the can-do spirit.

Honoring Past Businesses, Recognizing Present Companies & Welcoming Industries of the Future Incorporated in 1953, Henderson, Nev. was born “in America’s defense” with the building of the Basic Magnesium Plant in 1943 during World War II. The plant supplied the U.S. War Department with magnesium for munitions and airplane parts that would eventually help the United States … [Read more...]

The Logistics of Economic Recovery: The Distribution Industry in Nevada

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That big-box warehouse down the street may not be the prettiest feature of the Nevada landscape surrounding you, but next time you’re driving past it, consider this: It, and other facilities like it, might just save the state’s struggling economy. Nevada is poised to become a major distribution center in the West. According to a 2011 study commissioned by the State of … [Read more...]

Industry Focus: Commercial Real Estate

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While many feel that most industries in Nevada are beginning to experience small rebounds, one industry that still has a long road ahead is the commercial real estate sector. With asking rents remaining low and the large quantities of available space on the market, brokers, builders and developers continue to feel the effects of the recession. Executives representing this … [Read more...]