Industrial Market Enjoys Rebound In Las Vegas

Despite news reports about industrial vacancies, the southern Nevada real estate market is showing strength, according to the president of MDL Group.

Despite news reports about industrial vacancies, the southern Nevada industrial real estate market is showing strength, according to Hayim Mizrachi, CCIM, president and principal of MDL Group, a Las Vegas based commercial real estate firm specializing in brokerage and property management. Mizrachi said the industrial market is enjoying a rebound in Las Vegas. In fact,… [More...]

Nevada Real Estate & Development Report: August 2014

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

E Project, Other ADDRESS 501 S. Las Vegas Blvd., 89101 CONTRACTOR OF RECORD Recreation Development Company LLC (RDC) DETAILS A $1.3 million ‘shell and core’ contract has been awarded to RDC for gypsum board assemblies at the Federal Justice Tower in downtown Las Vegas. The 129,000 SF project is a joint effort between the City… [More...]

Vegas Home Prices Rise, Market Sees More Traditional Buyers

The median price of an existing single-family home sold in Southern Nevada during June was $199,900 – the highest mark since September 2008. This is according to recent statistics released by the Greater Las Vegas Association of REALTORS (GLVAR). The median price is 2.5 percent higher than May and up over 14 percent compared to June… [More...]

Nevada Real Estate & Development Report: June 2014

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E Project, Industrial ADDRESS 124 S. 6th St., 89101 DETAILS The John E. Carson hotel is being renovated into a mixed-use development that will feature feature both retail and office spaces. Construction of the 19,000 SF space began in April of last year and is expected to be complete by July of this year. Tenants… [More...]

Nevada Real Estate & Development Report: May 2014

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

E Project, Industrial ADDRESS 400 S. Seventh St., 89101 DETAILS The Korte Company completed the Robert T. Eglet Advocacy Center in Downtown Las Vegas. The $17.5 million three-story building covers 96,875 SF with office space occupying a little over 47,600 SF. The architect for the project was Design Cell Architecture. H Sale, Industrial ADDRESS 1175… [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...]

What do you enjoy most about being a business owner and/or executive?

Six Nevada executives share what the enjoy the most about being a business owner.

“Each day presents opportunities to serve others and to find new and innovative ways to make my clients’ visions become realities.” Alicia R. Ashcraft | Managing Partner, Ashcraft & Barr | LLP – “The MDL Group supports every owner, executive and employee in giving back to the community. For example, I’m serving as CALV president,… [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...]

White Management Group Joins Valley Freeway Commerce Center

Colliers International announced the finalization of a lease to White Management Group for an industrial property located at 7665 Commercial Way for $70,962

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a 38-month lease (NNN) to White Management Group LLC. The 4,646-square-foot industrial property is located at 7665 Commercial Way, Suite H in the Valley Freeway Commerce Center. The total transaction value was $70,962. Mike Delew of Colliers International represented the lessee. Jarrad Katz and Gailt… [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...]

Henderson Chamber Announces 14th Leadership Henderson Class

Leadership Henderson recently announced its class of 2014, the 14th graduating class of the program offered by the Henderson Chamber of Commerce Foundation.

HENDERSON, Nev. – Leadership Henderson recently announced its class of 2014, the 14th graduating class of the program offered by the Henderson Chamber of Commerce Foundation. The 28 community and business leaders will receive more than 30 hours of professional leadership development training, which began with a two-day kickoff event in October and will continue through… [More...]

CALV names new board for 2014

CALV has announced its new officers and directors for 2014, with longtime member and commercial real estate executive Hayim Mizrachi serving as president.

The Commercial Alliance Las Vegas (CALV) has announced its new officers and directors for 2014, with longtime member and commercial real estate executive Hayim Mizrachi serving as president of the commercial real estate organization starting Jan. 1. Mizrachi, who is president and a principal of the MDL Group commercial real estate firm in Las Vegas,… [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...]

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...]

Nevada Real Estate & Development Report: August 2013

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

Projects Las Vegas, 89128 Hospital Mountain View Hospital has completed construction on the second phase of an emergency room expansion project. The expanded emergency room doubled the size of the previous space and will now house 42 private beds for patients. The expansion provided a “Fast Track” Care and Triage area to quickly assess patients… [More...]

EBC Brakes USA Inc. signs a 125-month Lease

EBC Brakes USA Inc. Signs Lease for 125 months in the Arrowhead Commerce Center.

Colliers International – Las Vegas announced the finalization of a 125-month lease (NNN) to EBC Brakes USA Inc. The 65,270-square-foot industrial property is located at 6180 S. Pearl St., Suites A to C in the Arrowhead Commerce Center, Building 14. The total transaction value was $4,454,788.  Jarrad Katz of MDL Group represented the lessee. Spencer Pinter,… [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...]

CCIM: Let’s Make a Deal

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Seven years into his career, Gary Banner, a Las Vegas-based commercial real estate broker, decided to pursue and began the requirements for becoming a Certified Commercial Investment Member (CCIM), a designation for professionals in the commercial and investment real estate industry. He finished three and a half years later, in 2004, after passing the hours-long… [More...]