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...]

Marcus & Millichap Arranges the Sale of a 16,000 Square-Foot Net-Leased Property

Marcus & Millichap announced the sale of Goodwill, a 16,000 square-foot net-leased property located in Las Vegas.

LAS VEGAS, NV, March 25, 2014– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Goodwill, a 16,000 square-foot net-leased property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The… [More...]

Nevada State Bank Expanding Mortgage Team to Meet Demand

Nevada State Bank is “gearing up” for increased mortgage demand. The bank is expanding its team of loan officers to handle a purchase market that is picking up steam, according to a recent statement. “While other organizations are downsizing the large refinance teams they have built over the last few years, Nevada State Bank is growing… [More...]

Home Prices Up 24 Percent

Home prices in Southern Nevada are continuing to rise. The median price of existing homes for December is up 24 percent from the same time last year, according to statistics recently released by the Greater Las Vegas Association of Realtors (GLVAR). “Local homeowners should be happy with the strong appreciation we’ve seen over the past… [More...]

High-Income Households Face Uncertain Impacts from Healthcare Changes

Wealthy Nevadans are not exempt from healthcare uncertainty in the face of the Patient Protection and Affordable Care Act. This is according to the 11th installment of the “High Net Worth Report” released by The Private Bank by Nevada State Bank. One major impact will be a 0.9 percent increase in payroll taxes for those making $200,000 or… [More...]

Marcus & Millichap Arranges the Sale of a 15,016 Square-Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services has announced the sale of Walgreens on 4905 West Tropicana Avenue for $5,900,000.

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Walgreens, a 15,016 square-foot net-leased property located in Las Vegas, NV, according to Richard A. Bird, regional manager of the firm’s Las Vegas office. The asset sold for $5,900,000. Tina D. Taylor, Vice President Investments,… [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...]

Marcus & Millichap Announces the Listing of a 65,979- Square Foot Retail Property

Marcus & Millichap Real Estate Investment Services has announced the listing of 99¢ Only Stores Shopping Center located at 1325 East Flamingo Road.

LAS VEGAS, NV – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the listing of 99¢ Only Stores Shopping Center, a 65,979-square foot retail property located in Las Vegas, NV, according to Richard A. Bird, regional manager of the firm’s Las Vegas office. The asset is listed… [More...]

Marcus & Millichap Arranges the Sale of a 6,365-Square Foot Net-Leased Property

THE DALLES, OR – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Fresenius Medical Building, a 6,365-square foot net-leased property located in The Dalles, OR, according to Richard A. Bird, regional manager of the firm’s Las Vegas office. The asset sold for $1,972,000. The… [More...]

In the Black: A Look at Retail in Nevada

A Look at Retail in Nevada

Nevada’s retail industry, both from the brokerage and the retailer’s side, is guardedly optimistic. The optimism is driven by general economic indicators coupled with national retailer behaviors and Nevada sales performances in 2012. Let’s Go Shopping When locating stores, retailers look at sales performance in a city. “We’re seeing sales performance continue to increase in… [More...]

Marcus & Millichap Arranges the Sale of a 37,879-Square Foot Office Building

Marcus & Millichap Real Estate Investment Services, has announced the sale of LVI Global Building located at 1401 Hillshire Drive.

LAS VEGAS, NV – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of LVI Global Building, a 37,879 square-foot office property located in Las Vegas, NV, according to Richard A. Bird, regional manager of the firm’s Las Vegas office. The asset sold for $6,650,000.… [More...]

Marcus & Millichap Arranges the Sale of a 12,900 Square Foot Net-Leased Property

Marcus & Millichap Real Estate Investment Services has announced the sale CVS property located at 6432 Losee Rd. for $3,800,000.

NORTH LAS VEGAS, NV. – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of CVS Ground Lease, a 12,900 square-foot net-leased property located in North Las Vegas, NV, according to Richard A. Bird, regional manager of the firm’s Las Vegas office. The asset sold for… [More...]

Industry Focus: Commercial Real Estate

Industry experts are beginning to see an uptick in Nevada commercial real estate. Executives recently discussed the market.

It’s likely that no industry has felt the recession as strongly as the commercial real estate industry. Yet, industry experts are beginning to see an uptick in the previously challenged market. Executives representing commercial real estate interests recently met at the Las Vegas offices of Stable Development to discuss the market. Connie Brennan, publisher of… [More...]

Nevada Real Estate & Development Report: July 2013

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

Projects Las Vegas, 89101 Government Las Vegas’ new City Hall has been chosen as the 2013 Public Works Project of the Year by the American Public Works Association. The eight-level, 308,000 SF building replaces the former City Hall that was constructed in 1971. The facility created office space for up to 570 staff members for… [More...]

What was your very first job?

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Six executives share their answers:

Richard Bird • Regional Manager, Marcus & Millichap; Cale Ramaker • Morning News Anchor, 8 News NOW; Suzanne Domoracki • Program Director, Nevada Drug Card; Mary Arnold-Ronish • President & CEO, Tattoo Vanish Inc.; Cass Palmer • CEO, United Way of Southern Nevada;Stephen James • General Manager, Park Place Infiniti [More...]