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

Red Report: September 2015

September 1, 2015 By Nevada Business Mag Leave a Comment

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

E

Sale, Retail
ADDRESS 821 Lamb Blvd., 89110
BUYER Orexco 1031 Exchange
SELLER DCR Real Estate VI Sub I, LLC
DETAILS 17,606 SF; $2,250,000
APN 140-29-301-010
BUYER’S REP Carlington Miller of Realty One
SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank

Sale, Industrial
ADDRESS 4280 N. Pecos Rd., 89115
BUYER BAJ, LLC
SELLER JJS, LLC
DETAILS 7,150 SF; $705,000
APN 140-06-317-002
SELLER’S REP Eric Larkin of NAI Vegas

Sale, Industrial
ADDRESS 4460 E. Cheyenne Ave., 89115
BUYER William J. Markowitz
SELLER BMR Global Corporation
DETAILS 12,900 SF; $7.2 million
APN 140-08-401-013
BUYER’S REP Dean Willmore and Elaine Elliott of Colliers International
SELLER’S REP C. Roger Jeffries III of Sun Commercial Real Estate, Inc.

Sale, Multi-Family
ADDRESS 3650 E. Lake Mead Blvd., 89115
BUYER Westland Regency Heights, LLC
SELLER Regency Heights Las Vegas, LLC
DETAILS 144 units; $47,000 per unit
APN 140-19-202-00
REP (Both) Art Carll and Patrick Sauter of NAI Vegas’ Sauter Muilti-family Group

H

Sale, Land
ADDRESS NWC Stephanie St. & Wigwam Pkwy, 89074
BUYER The Calida Group, LLC
SELLER KB Home
DETAILS 15.52 acres; $9,312,000
APN 178-16-611-004
BUYER’S REP Doug Schuster and Curt Allsop of Newmark Grubb Knight Frank

Sale, Land
ADDRESS 81 W. Horizon Ridge Pkwy, 89012
BUYER Eagle Holdings, LLC
SELLER CARE Holdings, LLC
DETAILS 33,541 SF; $300,000
APN 179-19-401-009
REP (Both) Andrew Fehrman and Jeff Mitchell of Virtus Commercial

N

Sale, Retail
ADDRESS 3053 W. Craig Rd., 89032
BUYER Building 3053, LLC
SELLER Halferty Development Company
DETAILS 8,000 SF; $2,190,000
APN 139-05-317-004
BUYER’S REP Michael Hawkes of First Federal Realty DeSimone, LLC
SELLER’S REP Jeff Berg and Mica Berg of Sperry Van Ness

Sale, Industrial
ADDRESS 3890 E. Craig Rd., 89030
BUYER Timothy A. Rivard
SELLER JW Flooring Covering, Inc.
DETAILS 19,602 SF; $1,550,000
APN 140-06-210-019
BUYER’S REP Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International
SELLER’S REP Dean Willmore, SIOR of Colliers International

Lease, Industrial
ADDRESS 3330 Gowan Rd., 89030
TENANT WGP, LLC
LANDLORD Prologis
DETAILS 153,700 SF; $13 million for 15 years
LANDLORD’S REP Garrett Toft, SIOR of CBRE, Inc.

NW

Lease, Retail
ADDRESS 9310 Sun City Blvd., 89134
TENANT UNLV-USC, LLC
LANDLORD South Grove Ave., LLC
DETAILS 3,600 SF; $643,811 for 10 years
TENANT’S REP Mario Hawkins of Acclaim Real Estate
LANDLORD’S REP Bob Miller, CCIM and Laramie Bracken of Gatski Commercial

SW

Project, Retail
ADDRESS Durango Dr. & 215 Beltway, 89148
CONTRACTOR OF RECORD R&O Construction
DETAILS Construction progresses on IKEA Las Vegas with the installation of its iconic blue composite paneling. The store will be 351,000 SF with 1,300 parking spaces and is on track to open summer of 2016. Derek Rafie of CBRE, Inc. represented IKEA in its $21.3 million land purchase.

Sale, Office
ADDRESS 1909 S. Jones Blvd., 89146
BUYER C.Y. Tom
SELLER Leumi B, LLC
DETAILS 17,390 SF; $1,299,999
APN 163-02-721-008
BUYER’S REP Eric Larkin, CCIM of NAI Vegas
SELLER’S REP Mark Musser of NAI Vegas
Loan, Retail
ADDRESS 4945-5045 Tropicana Ave., 89103
BORROWER’S REP Scott Monroe of NorthMarq Capital
DETAILS 74,824 SF; $16.85 million refinance of Trop Dec Plaza with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a conduit CMBS lender.

WC

Sale, Retail
ADDRESS 125 E. Glendale Ave., 89431
BUYER JSS Ventures, LLC.
SELLER 125 East Glendale Avenue, LLC.
DETAILS 13,165 SF; $1,150,000
APN 034-251-23
SELLER’S REP Brad Elgin of Stark & Associates Commercial Real Estate

Sale, Industrial
ADDRESS 4058 S. McCarran Blvd., 89502
BUYER 4058 S. McCarran, LLC.
SELLER Williams Brothers Corp. America
DETAILS 13,294 SF; $1,250,000
APN 025-620-01

Sale, Industrial
ADDRESS 790 Sutro St., 89512
BUYER Stanley H. Lucas
SELLER Washoe Ability Resource Center
DETAILS 31,744 SF; $925,000
APN 008-171-39

Loan, Multi-Family
ADDRESS 3355 S. Arville St., 89102 & 5400 W. Cheyenne Ave., 89108
LENDER Thorofare Capital
LOAN OFFICER Felix Gutnikov
BUYER California Capital Real Estate Advisors (CALCAP)
SELLER LNR Partners, LLC.
DETAILS Thorofare Capital has provided an affiliate of CALCAP with a $12,125,000 fixed-rate bridge loan for the acquisition and repositioning of an REO portfolio of two apartment home communities, Ridgewood Apartments and Evergreen Apartments, in Las Vegas. CALCAP acquired the 340-unit portfolio from LNR Partners, LLC.

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

Filed Under: ReD Report Tagged With: Acclaim Real Estate, Andrew Fehrman, Art Carll, Ben Millis, BMR Global Corporation, Bob Miller, Brad Elgin, C. Roger Jeffries III, C.Y. Tom, Carlington Miller, CBRE, Chris Beets, Colliers International, Curt Allsop, Dean Willmore, Derek Rafie, Doug Schuster, Eagle Holdings, Elaine Elliott, Eric Larkin, First Federal Realty Desimone, Garrett Toft, Gatski Commercial, Greg Pancirov, Halferty Development Company, IKEA Las Vegas, Jeff Berg, Jeff Mitchell, JW Flooring Covering, KB Home, Laramie Bracken, Las Vegas business, Las Vegas commercial real estate, Las Vegas real estate, Mario Hawkins, Mica Berg, Michael Hawkes, NAI Vegas, NAI Vegas’ Sauter Muilti-family Group, Nevada business, Nevada commercial real estate, Nevada real estate, Newmark Grubb Knight Frank, Orexco 1031 Exchange, Patrick Sauter, perry Van Ness, R&O Construction, Real Estate VI Sub, Realty One, Regency Heights Las Vegas, South Grove Ave, Stark & Associates Commercial Real Estate, Sun Commercial Real Estate, The Calida Group, Timothy A. Rivard, UNLV-USC, Virtus Commercial, Westland Regency Heights, William J. Markowitz, Williams Brothers Corp. America

Scott Arkills: Silver State Schools Credit Union

Tonya Ruby: Cox Media Las Vegas

Terry Shirey: Nevada State Bank

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