Marcus & Millichap Sells Taco Bell in Dayton, Nevada

Marcus & Millichap, a leading commercial real estate investment services firm, announced the sale of Taco Bell located in Dayton, NV.

DAYTON, NV – Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Taco Bell, a 2,500 square-foot net-leased property located in Dayton, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The asset sold for $2,550,000. Tina… [More...]

Marcus & Millichap Arranges the Sale of a 148-Unit Apartment Building

Marcus & Millichap announced the sale of Casa Del Sol, a 148-unit apartment property.

LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Casa Del Sol, a 148-unit apartment property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The asset… [More...]

Hospice Collecting School Supplies for Students in Need

Nathan Adelson Hospice locations will serve as drop-off points to collect school supplies for local elementary students. The hospice will be collecting supplies for students at Robert L. Taylor and Sunrise Acres elementary schools. The drive continues until Aug. 18. “Many schools unfortunately suffer from a lack of funding, and a large number of students… [More...]

Marcus & Millichap Arranges the Sale of a 6,146 Square Foot Net-Leased Property

Marcus & Millichap announced the sale of Healthcare Partners of Nevada, a 6,146 square-foot net-leased property located in Henderson.

HENDERSON, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Healthcare Partners of Nevada, a 6,146 square-foot net-leased property located in Henderson, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The… [More...]

UNLV Purchases $4 Million Off Campus Mixed-Use Building

Marcus & Millichap announced the sale of 99¢ Only Stores Anchored Mixed Use Project, a 65,979 square-foot mixed-use property located in Las Vegas, NV.

LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 99¢ Only Stores Anchored Mixed Use Project, a 65,979 square-foot mixed-use property located in Las Vegas, NV, according to Justin C. White, regional manager of the… [More...]

Improvements Coming to East Downtown in Reno

Reno’s East Fourth Street will be transformed during the second annual Positively 4th Street Better Block Project event. Considered “the gateway” to downtown Reno, Fourth Street is home to several historical properties but is in need of upgrades and repair. Local businesses are looking to spruce up the area through landscaping, adding a two-way bicycle lane, re-striping traffic… [More...]

Marcus & Millichap Arranges the Sale of a 30-Unit Apartment Building

Marcus & Millichap announced the sale of The Sunset Apartments, a 30-unit apartment property located in Las Vegas, NV.

LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of The Sunset Apartments, a 30-unit apartment property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The asset… [More...]

Marcus & Millichap Arranges the Sale of a 51,646 Square-Foot Office Building

Marcus & Millichap announced the sale of Somerset Park, a 51,646 square-foot office property located in Las Vegas, NV.

LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Somerset Park, a 51,646 square-foot office property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office. The… [More...]

Marcus & Millichap Arranges the Sale of a 7-Eleven Anchored Strip Center

Marcus & Millichap announced the sale of a 4,840 square-foot 7-Eleven Anchored Strip Center.

LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of 7-Eleven Anchored Strip Center, a 4,840 square-foot retail property located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas… [More...]

Marcus & Millichap Arranges the Sale of 10,455 Square-Feet of Land in Downtown Las Vegas

Marcus & Millichap announced the sale of Downtown Las Vegas Development Site, 10,455 square-feet of land located in Las Vegas, NV.

LAS VEGAS, NV – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Downtown Las Vegas Development Site, 10,455 square-feet of land located in Las Vegas, NV, according to Justin C. White, regional manager of the firm’s Las Vegas office.… [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...]

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...]