Firecreek Crossing Power Center Sold
Newport Beach-based development company Wattson Breevast, LLC has sold Firecreek Crossing, a 750,000-square-foot power center in Reno, for $60 million, according to Tony Wattson, president of Wattson Breevast, the firm that developed the center seven years ago. Firecreek is home to some of the nation’s leading retailers, including Wal-Mart, Safeway, Ross, Office Depot, Sam’s Club, World Savings Bank, Michael’s, Circuit City, Old Navy, Gart Sporting Goods, Boston Market, Applebee’s, Aaron Brothers Art Mart, Babies R Us, TJ Maxx ’n More and Starbuck’s. The center was purchased by San Diego-based development company American Assets Real Estate Group. This is the firm’s first acquisition in the Reno market. Bill Palmer of CB Richard Ellis represented both parties in the transaction.
Clark & Sullivan Builds Justice Facility
Construction is underway on a new $23 million North Las Vegas Justice Facility, the largest capital improvement project in the history of the city. Clark & Sullivan Constructors, a Nevada-based general contracting firm, is the general contractor for the project, located at the corner of Civic Center Drive and Las Vegas Boulevard North. The two-story, 96,000-square-foot facility will be an energy-efficient, dual-purpose building, housing the municipal court as well as detention center operations. Completion is set for the fourth quarter of 2004.
Contractors Association Presents Awards
The Nevada Contractors Association, a non-profit trade group, has announced the winners of its fourth annual Contractor of the Year awards, recognizing excellence and leadership in the construction industry. M.J. Dean Construction took home the top honor as contractor of the year. The Las Vegas-based firm is finishing work on the new $235 million Mandalay Bay tower and also built the 1.8 million-square-foot Mandalay Convention Center. The $95 million Colosseum at Caesars Palace, built by Perini Building Company, won as building of the year; and the 3-mile widening of Ann Road, from U.S. 95 to Farrell Street, completed by Frehner Construction Company, won as heavy/civil project of the year. Other award recipients included: Wells Cargo Construction as subcontractor; Fairway Chevrolet as associate; Nevada Ready Mix as supplier; and McCarthy Building Cos. for safety.
Construction Begins On Longford Medical Center
Groundbreaking was held recently for the $38 million Longford Medical Center, a four-story, 132,000-square-foot medical office building located off Summerlin Parkway and Buffalo in the fast-growing northwest area of Las Vegas. The developer is Las Vegas-based Longford Properties, developer of Longford Plaza in Las Vegas. The leasing broker, CB Richard Ellis Senior Vice President Randy Broadhead, pointed out that the facility will be the largest medical facility in Southern Nevada not attached to or affiliated with a hospital. The design-build project will be completed by a team composed of Martin-Harris Construction and PGAL Architecture. The center will include a 15,000-square-foot outpatient surgery center, a 7,000-square-foot imaging center, 2,500-square-foot retail space for a coffee shop, a pharmacy, and security on the first floor. The project is scheduled for completion by fall 2004.
Employee Housing Community Set for Primm
Primadonnna Company L.L.C., owners of the border resorts at Primm, is developing a 24-acre residential community for its employees. Through a non-profit entity, it will offer rental opportunities in the 437-unit housing complex, complete with a 10,000-square-foot community center and swimming pool. The complex will include 72 studios, as well as larger apartments containing one to four bedrooms. Perlman Architects has completed architectural and interior design for the $18.9 million Primm Valley Employee Housing project. Its scope of work includes all architectural services, design development, construction documents, interiors and furnishings and bid administration in phase one. General contractor is Las Vegas-based Bentar Development. Completion of the project is scheduled for July 2004.
PENTA Building Timeshare Project
The PENTA group is currently constructing The Grandview at Las Vegas, a timeshare project at the south end of the Las Vegas Strip. The $45 million first phase will consist of 96 units. Once complete, the two 12-story buildings will feature a 20,000-square-foot sales center, a pool with waterfall, a fully-equipped workout center and a delicatessen. Eight additional towers are planned for the project. PENTA started work on The Grandview in July 2003 and is expected to complete the first tower in July 2004. PENTA recently completed another Las Vegas timeshare project, the 26-story Hilton Grand Vacations Club, located just northeast of the new Wynn Resort.