Nevada Real Estate & Development Report: October 2014

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

E Sale, Multi-Family ADDRESS 2850 E. Bonanza Rd., 89101 BUYER Westland Real Estate Group SELLER Hayman Advisors DETAILS 344 units; $14,875,000 APN 139-25-404-002 REP (both) Art Carll, CCIM of NAI Vegas Lease, Office ADDRESS 2490 Paseo Verde Pkwy, Ste 100, 89052 TENANT Bodyspa Salons LANDLORD Flex 2 Buildings 3/4, LLC DETAILS 15,906 SF; $1,913,418 for… [More…]

Campaign Helps Fight Hunger; Nevada-Based Firm Lands New Jersey Contract; Workshop to Bring Fraud into Light

Social Media Campaign Helps Fight Hunger in Southern Nevada The SK+G Goose Summer Road Trip Campaign wrapped up on Thursday, Sept. 11 when Senior Vice President of Strategy Jim Gentleman and the SK+G Goose dropped off a $1,000 check to Three Square Food Bank—the only food bank in Southern Nevada. [Read more…] Smart City Networks… [More…]

Colliers Finalizes Sale of 6.98 Acres of Vacant Land to Cameron General Contractors

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a sale to Cameron General Contractors. The approximately 6.98 acres of vacant land is located on the northwest corner of Grand Canyon Drive and Peace Way in Las Vegas. The transaction value was $3,400,000. Michael Stuart of Colliers International represented the buyer. About… [More…]

Nevada Land Market Continues to Recover

“The land market has been in recovery since 2010, and homebuilders have been driving that,” said managing partner of Sunbelt Development & Realty Partners.

Demand for land in Nevada has resembled a rollercoaster pattern this decade. During the real estate boom in the first half of the 2000s, both residential and commercial developers hungrily purchased land, driving up prices. With the recession, the opposite happened; development nearly ceased, land demand decreased and so did the price. Again, the pendulum… [More…]

Las Vegas Home Prices See 2.7 Percent Increase

Las Vegas home prices ticked up 2.7 percent in February – even as the valley saw fewer homes selling. According to statistics released by the Greater Las Vegas Association of REALTORS (GLVAR), the median price of an existing single-family home sold in Southern Nevada during February was $190,000, up from $185,000 in January. Total existing homes,… [More…]

Vacant Land on Buffalo/215 Sold for $2,473,585

Colliers International announced the finalization of a 9.55-acre vacant land located on the northeast corner of Buffalo Drive and Clark County 215.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a sale to Beltway 4.77 LLC. The 9.55-acre vacant land is located on the northeast corner of Buffalo Drive and Clark County 215 in Las Vegas. The transaction value was $2,473,585. Robert Torres and Scott Gragson of Colliers International represented the buyer. Michael Stuart of… [More…]

Nevada Real Estate & Development Report: March 2014

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

E Lease, Industrial ADDRESS 4935 Steptoe St. Ste 500, 89122 TENANT Charming Exhibition Inc. LANDLORD Lomas Regency LLC DETAILS 5,850 SF; $22,464 for one year REP (BOTH) Jarrad Katz, CCIM and Galit Kimerling of MDL Group H Project, Office ADDRESS 875 Warm Springs Rd., 89011 DETAILS Cadence, the 2,200-acre planned community in Henderson has begun… [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…]

Insight Inv. Partners LLC Buys 78-acre North Las Vegas Parcel for $7.8 Million

Colliers International – Las Vegas announced the finalization of the sale of 78 acres of North Las Vegas vacant land to Insight Inv. Partners LLC.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of the sale of 78 acres of vacant land to Insight Inv. Partners LLC. The property is located in North Las Vegas. The total transaction amount was $7,800,000. Brian Riffel of Colliers International represented the buyer. Michael Stuart of Colliers International represented the seller, NLV… [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…]