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You are here: Home / Features / ReD Report / Red Report: April 2015

Red Report: April 2015

April 1, 2015 By Nevada Business Mag Leave a Comment

Read the Nevada Real Estate & Development Report: February 2015 - Commercial real estate and development - projects, sales, and leases.

E

Project, Other
ADDRESS SW Corner of Sahara Ave. & Las Vegas Blvd., 89104
CONTRACTOR OF RECORD Martin-Harris Construction
DETAILS Construction is underway on MGM Resorts International’s open-air music venue. The entertainment complex will have a 2,700 SF administration and storage building, 23.3 acres for the main festival area, 7.7 acres for transportation pick-up and drop-off and 8.6 acres for a pedestrian walkway.

Sale, Office
ADDRESS 917-920 S. First St., 89101
BUYER World Investments Network Inc.
SELLER LV First Street LLC
DETAILS 5,040 SF; $630,000
APN 139-34-410-015
BUYER’S REP First Commercial Real Estate
SELLER’S REP Michael Boscia, CCIM of MDL Group

Lease, Industrial
ADDRESS 1624 S. Mojave Rd. Ste. 150, 89104
TENANT Quality Iron
LANDLORD Mojave 15 LLC
DETAILS 24,184 SF; $566,631 for five years
TENANT’S REP Marty Martell of MDL Group
LANDLORD’S REP Jarrad Katz, CCIM, SIOR and Galit Kimerling of MDL Group

H

Project, Industrial
ADDRESS 151 Gallagher Crest Road, 89074
CONTRACTOR OF RECORD The Korte Company
DETAILS Renovations are underway for Designs for Health’s 42,000 SF warehouse in the Gibson Business Park. The 23-year old building will undergo construction to add on 6,600 SF of office space and a 6,144 SF mezzanine level, as well as additional storage and processing space. JVC Architects serves as the architect of record. The project, totaling about 32,000 SF of improvements, is slated for completion next month.

Sale, Office
ADDRESS 6494 Boulder Ranch Ave., 89011
BUYER Larsen’s Real Estate Holdings LLC
SELLER Vegas Closeouts LLC
DETAILS 9,192 SF; $675,000
APN 161-34-610-037
BUYER’S REP Elizabeth Moore and Jennifer Levine of Voit Real Estate Services
SELLER’S REP James Griffis of MDL Group

Sale, Office
ADDRESS 2900 W. Horizon Ridge Pkwy, Ste. 101, 89052
BUYER Horizon Holdings 2900 LLC
SELLER TAG Horizon Ridge LLC
DETAILS 6,336 SF; $1,200,000
APN 177-25-411-000
BUYER’S REP Aaron Goldberg of Avison Young
SELLER’S REP Jason Brooks of The Equity Group

Sale, Retail
ADDRESS 11241 & 11261 S. Eastern Ave., 89052
BUYER Eastern Ridge Plaza LLC
SELLER Uyeda Holdings, LLC
DETAILS 23,647 SF; $3,700,000
APN 177-36-801-004
SELLER’S REP Dan Hubbard and Todd Manning of Cushman & Wakefield Commerce

N

Sale, Office
ADDRESS 3600 N. Rancho Dr., 89130
BUYER Project 150 501C3
SELLER Barrister Global Services Network
DETAILS 8,078 SF; $700,000
APN 138-12-213-049
SELLER’S REP Wil Chaffee and Paul Chaffee of NAI Vegas

Sale, Retail
ADDRESS 3940 N. Martin Luther King, 89032
BUYER Alexander Square LLC
SELLER Clark County Credit Union
DETAILS 34,282 SF; $2,470,000
APN 139-09-501-021
SELLER’S REP David Grant and Grant Traub of Colliers International

Lease, Industrial
ADDRESS 3500 John Peter Lee, 89032
TENANT Fencing Specialist Inc.
LANDLORD Cypress Creek Investments
DETAILS 12,600 SF; $393,348 for five yeras
TENANT’S REP Ben Millis of Newmark Grubb Knight Frank
LANDLORD’S REP Amy Ogden and Danielle Steffen of Cushman & Wakefield Commerce

S

Lease, Retail
ADDRESS 8826 S. Eastern Ave., 89123
TENANT International Church Four Square Gospel
LANDLORD Regal I LLC, Sansone Companies
DETAILS 4,366 SF; $179,180 for three years
TENANT’S REP Matt Feustel of Virtus Commercial
LANDLORD’S REP Devon Sansone of Sansone Companies

SW

Sale, Retail
ADDRESS 6250 W. Charleston Blvd., 89146, et al
BUYER Charleston Festival Retail, LLC
SELLER RPM Investments
DETAILS 55,583 SF; $13,860,000
APN 138-35-816-003
BUYER’S REP Tim Behrendt and Lisa Hauger of Sun Commercial Real Estate, Inc.
SELLER’S REP Chris Clifford and Sean Margulis of The Equity Group

WC

Sale, Multi-Family
ADDRESS 825 Delucchi Ln., 89502
BUYER M3 Multifamily, LLC
SELLER FPA Multifamily
DETAILS 206 Units; $15,000,000
APN 025-373-03
SELLER’S REP Aiman Noursoultanova, CCIM of CBRE Reno

Sale, Industrial
ADDRESS 9748 S. Virginia St., 89511
BUYER Ingram Clark Properties LLC
SELLER J & J Real Properties LLC
DETAILS 10,880 SF; $1,178,000
APN 163-130-11

Sale, Office
ADDRESS 550 Spice Islands Dr., 89431
BUYER HC Companies Inc.
SELLER Myers Industries Inc.
DETAILS 174,878 SF; $5,500,000
APN 034-070-32

Sale, Industrial
ADDRESS 400 Western Rd., 89506
BUYER Sierra Alliance Partners LLC
SELLER OCE LLC
DETAILS 61,152 SF; $2,350,000
APN 082-600-04

Sale, Industrial
ADDRESS 2710 Somersett Pkwy, 89523
BUYER Somersett Owners Association
SELLER Somersett Country Club Inc.
DETAILS 9,600 SF; $2,750,000
APN 234-011-44

Read the Nevada Real Estate and Development Report: January 2015 - Commercial real estate and development - projects, sales, and leases.

Filed Under: ReD Report Tagged With: Aaron Goldberg, Aiman Noursoultanova, Alexander Square LLC, Amy Ogden, Avison Young, Barrister Global Services Network, Ben Millis, CBRE Reno, Charleston Festival Retail, Chris Clifford, Clark County Credit Union, Colliers International, Cushman & Wakefield Commerce, Cypress Creek Investments, Dan Hubbard, David Grant, Devon Sansone, Eastern Ridge Plaza, Elizabeth Moore, Fencing Specialist, First Commercial Real Estate, Galit Kimerling, Gibson Business Park, HC Companies Inc., International Church Four Square Gospel, J & J Real Properties LLC, James Griffis, Jarrad Katz, Jason Brooks, Jennifer Levine, JVC Architects, Larsen’s Real Estate Holdings, Lisa Hauger, LV First Street, Martin-Harris Construction, Marty Martell, Matt Feustel, MDL Group, MGM Resorts International, Michael Boscia, Myers Industries Inc, NAI Vegas, Newmark Grubb Knight Frank, Paul Chaffee, Quality Iron, Sansone Companies, Sean Margulis, Sierra Alliance Partners, Somersett Country Club Inc., Somersett Owners Association, Sun Commercial Real Estate, TAG Horizon Ridge, The Equity Group, The Korte Company, Tim Behrendt, Todd Manning, Uyeda Holdings, Virtus Commercial, Voit Real Estate Services, Wil Chaffee, World Investments Network Inc

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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