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You are here: Home / Features / ReD Report / Nevada Real Estate & Development Report: April 2014

Nevada Real Estate & Development Report: April 2014

April 1, 2014 By Nevada Business Mag Leave a Comment

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 and Zions First National Bank
DETAILS $4,690,000 SBA 504
LENDER’S REP Ann Santiago of TMC Financing

H

Project, Industrial
ADDRESS 198 N. Gibson Rd., 89014
DETAILS Burke Construction Group and PGAL Architects partnered to complete VadaTech’s new 3.5 acre corporate headquarters. The $11.7 million project is targeted for future LEED certification.

Sale, Industrial
ADDRESS 3721 Meade Ave., 89012
BUYER Jack Crockett
SELLER NJP Management Trust
DETAILS 20,947 SF; $1,450,000
APN 162-08-302-002
BUYER’S REP Amy Ogden and Danielle Steffen of Cushman and Wakefield Commerce
SELLER’S REP Barton Hyde and Brandon McCool of Avison Young

Lease, Retail
ADDRESS 2650 Sunridge Heights, 89052
TENANT JD Sullivan, Inc.
LANDLORD Parcel E, LLC
DETAILS 5,000 SF; $389,000 for 68 months
TENANT’S REP Wes Drown of Remax Commercial
LANDLORD’S REP Robin Civish and Lauren Brouillet of Voit Real Estate Services

N

Sale, Industrial
ADDRESS 3355 Clayton St., 89032
BUYER Clayton Park, LLC
SELLER 2010- 1 CRE NV-Industrial, LLC
DETAILS 12,600 SF; $900,000
APN 139-08-811-006
BUYER’S REP First United Management
SELLER’S REP Leo Biedermann and Art Framinali of Cushman & Wakefield Commerce

Sale, Vacant Land
ADDRESS SE Corner of Ann Rd. and Bruce St., 89081
BUYER RB Las Vegas Land Ventures 2, LLC
SELLER RES-NV BG II LLC
DETAILS 19 acres; $2,200,000
APN 124-35-501-010
BUYER’S REP Heidi Bretthauer of South Bay Realty

S

Project, Retail
ADDRESS 3528 S. Maryland Pkwy., 89109
DETAILS The Boulevard Mall will be undergoing a major renovation beginning mid-2014. Sansone Companies has plans to invest approximately $24 million in the project to bring in new tenants, a farmers market, upgraded amenities, free Wi-Fi and a redesigned exterior. The renovation is expected to be a catalyst for the overall redevelopment of the Maryland Parkway corridor, and is slated for completion by 2015.

Project, Other
ADDRESS 6605 Las Vegas Blvd., 89119
DETAILS A new 12,000 SF park and monument sign is being constructed at Town Square Las Vegas. The park will be the site for future concerts and special events, and will host Town Square’s signature events such as Hop & Shop and Movies in the Square. Projected to open mid-April of this year, the park will provide Town Square with more space to accommodate larger events. The monument sign is manufactured by Young Electric Sign Company and will be 40 feet tall by 50 feet wide featuring two LED screens.

Sale, Industrial
ADDRESS 1541 Pama Ln., 89119
BUYER EdgeConnex LLC
SELLER Oro Pama LLC
DETAILS 30,253 SF; $2,790,000
APN 177-02-215-005
BUYER’S REP Xavier Wasiak of Jones Land LaSalle
SELLER’S REP Dean Willmore, SIOR of Colliers International

Sale, Multi-Family
ADDRESS 5400 Maryland Pkwy, 89119
BUYER 29th Street Capital
SELLER Country Hills Apartments LLC
DETAILS 8.86 acres; 208 units; $11.2 million
APN 162-26-312-004
BUYER’S REP Doug Schuster of Newmark Grubb Knight Frank
SELLER’S REP Garry Cuff of Colliers International

Lease, Retail
ADDRESS 360 E. Tropicana Ave., 89119
TENANT R.A.M. Entertainment Group LLC
LANDLORD McCarran Village Retail LLC
DETAILS 3,000 SF; $467,940 for 64 months
REP (BOTH) Jeff Mitchell and Preston Abell of Virtus Commercial

SW

Project, Retail
ADDRESS 3300 S. Decatur Blvd., 89102
GENERAL CONTRACTOR Kittrell Jensen Contractors, LLC
DETAILS The 12,000 SF Decatur Inn Plaza is being renovated to include new storefronts, landscaping and new building systems. The $600,000 project will also include updating the structural elements of the building. Ramsey Real Estate Group expects the project to be complete this month. Nadel Studio One, Inc. serves as the architect and Hill Clark & Associates is the landscape architect.

Sale, Office
ADDRESS 8906 Spanish Ridge Ave., 89148
BUYER TAG 8906 SR LLC
SELLER CML NV SR LLC
DETAILS 40,681 SF; $3,800,000
APN 163-29-711-020
BUYER’S REP Brendan Keating of The Equity Group
SELLER’S REP Ryan Martin and Patti Dillon of Colliers International

Sale, Retail
ADDRESS 5191 W. Charleston Blvd., 89146
BUYER Falkor Properties LLC
SELLER TME Red Rock Plaza LLC
DETAILS 42,246 SF; $6,350,000
APN 13-01-515-001
BUYER’S REP Brendan Keating of The Equity Group
SELLER’S REP Cathy Jones and Paul Miachika of Sun Commercial Real Estate

Sale, Vacant Land
ADDRESS Sunset and El Camino, 89118
BUYER Bally Technologies
DETAILS 13.88 acres; $5 million
APN 176-02-501-021
BUYER’S REP Greg Tassi of CBRE Las Vegas

Lease, Office
ADDRESS 2720 Crystal Water Way, 89117
TENANT Venture Corporation/Angel’s Christian Academy
LANDLORD Citibank
DETAILS 10,341 SF; $724,076 for 69 months
TENANT’S REP Derek Belanus of Crown Point Realty
LANDLORD’S REP Bob Hawkins and Dan Palmeri of Cushman & Wakefield Commerce

Lease, Retail
ADDRESS 3086-3892 W. Post Rd., 89118
TENANT Educational Mentoring Group LLC
LANDLORD ADS Investments, LLC
DETAILS 4,808 SF; $57,960 for two years
TENANT’S REP Dan Palmeri and Bob Hawkins of Cushman & Wakefield Commerce
LANDLORD’S REP Galit Kimerling of MDL Group

WC

Sale, Office
ADDRESS 1700 Marietta Way, 89431
BUYER T2M3 Marietta Investments LLC
SELLER Temen 1990 Trust, Neal G
DETAILS 6,960 SF; $740,000
APN 034-112-46

Sale, Office
ADDRESS 6180 Mae Anne Ave., 89523
BUYER Russell P & Brook L Hollinger
SELLER California Green Strategies LLC
DETAILS 6,076 SF; $580,000
APN 200-590-16

Sale, Retail
ADDRESS 7693 S. Virginia St., 89523
BUYER Longley Partners LLC
SELLER Overland Development Corp
DETAILS 5,617 SF; $4 million
APN 043-011-47

Sale, Industrial
ADDRESS 50 E. Plaza St., 89501
BUYER Fitzgerald Virginia & Plaza LLC
SELLER Redevelopment Agency City of Reno
DETAILS 242,100 SF; $2,500,000
APN 011-370-52

Sale, Industrial
ADDRESS 2335 Market St., 89502
BUYER Chester Real Estate LLC
SELLER Rock’s Consign Furniture LLC
DETAILS 21,583 SF; $2,875,000
APN 013-281-06

Sale, Industrial
ADDRESS 250 Arletta St., 89503
BUYER Sierra Crew LLC
SELLER Colligan Trust, C J
DETAILS 9,680 SF; $635,000
APN 010-043-18

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

Filed Under: ReD Report Tagged With: 2010- 1 CRE NV-Industrial, Amy Ogden, Ann Santiago, Art Framinali, Avison Young, Bally Technologies, Barton Hyde, Bob Hawkins, Brandon McCool, Brendan Keating, Burke Construction Group, California Green Strategies, Cathy Jones, CBRE Las Vegas, Chester Real Estate, Clayton Park, CML NV SR, Colliers International, Colligan Trust, Country Hills Apartments, Crown Point Realty, Cushman & Wakefield Commerce, Cushman and Wakefield Commerce, Dan Palmeri, Danielle Steffen, Dean Willmore, Derek Belanus, Doug Schuster, EdgeConneX, Falkor Properties, First United Management, Fitzgerald Virginia & Plaza, Garry Cuff, Greg Tassi, Heidi Bretthauer, Hill Clark & Associates, Hop & Shop, Jack Crockett, JD Sullivan, Jeff Mitchell, Jones Land LaSalle, Katherine Bergh, Kathleen & Adrian Varni Trust, Kittrell Jensen Contractors, Las Vegas business, Las Vegas commercial real estate, Las Vegas real estate, Lauren Brouillet, Leo Biedermann, Longley Partners, Marcus & Millichap, McCarran Village Retail, MDL Group, Movies in the Square, Nadel Studio One, Neal G, Neil Dela Cruz, Nevada business, Nevada commercial real estate, Nevada real estate, Newmark Grubb Knight Frank, NJP Management Trust, Oro Pama, Overland Development Corp, Parcel E, Patti Dillon, Paul Miachika, PGAL Architects, Preston Abell, R.A.M. Entertainment Group, Ramsey Real Estate Group, RB Las Vegas Land Ventures 2, Redevelopment Agency City of Reno, Reliable Auto Sales, Remax Commercial, Reno business, Reno real estate, RES-NV BG II, Robin Civish, Rock’s Consign Furniture, Russell P & Brook L Hollinger, Ryan Martin, Sansone Companies, Sierra Crew, South Bay Realty, Sparks business, Sparks commercial real estate, Sparks real estate, Sun Commercial Real Estate, T2M3 Marietta Investments, TAG 8906 SR, Temen 1990 Trust, The Boulevard Mall, The Equity Group, TMC Financing, TME Red Rock Plaza, Town Square Las Vegas, Vadatech, Venture Corporation/Angel’s Christian Academy, Virtus Commercial, Voit Real Estate Services, Wes Drown, Wyandotte, Xavier Wasiak, Young Electric Sign Company, Zions First National Bank

Paul Krakovitz: Intermountain Healthcare

Edward Vance: EV&A Architects

Scott Arkills: Silver State Schools Credit Union

Terry Shirey: Nevada State Bank

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