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You are here: Home / Features / ReD Report / Red Report: March 2016

Red Report: March 2016

March 1, 2016 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.

BC

Sale, Motel
ADDRESS 704 Nevada Hwy., 89005
BUYER Bal Gosal
SELLER US Bankruptcy Trustee
DETAILS 113 rooms; $13,363 per room
APN 186-09-110-042
SELLER’S REP Charles Connors of Colliers International

E

Sale, Office
ADDRESS 600 E. Charleston Blvd., 89104
BUYER Hellfire Media, LLC
SELLER State Bar of Nevada
DETAILS 10,711 SF; $1.4 million
APN 162-03-501-001
BUYER’S REP Craig Summers and Mel Koich of Gatski Commercial Real Estate

Sale, Industrial
ADDRESS 4810 Judson Ave., 89115
BUYER Birdie Asfoura, LLC
SELLER KW Loan Parners II
DETAILS 68,191 SF; $3.4 million
APN 140-20-501-004
BUYER’S REP Craig Summers and Mel Koich of Gatski Commercial Real Estate

Sale, Multi-Family
ADDRESS 3949 N. Nellis Blvd., 89115
BUYER Riviera Shopping Center, LTD
SELLER ABJ Group Enterprises, LLC
DETAILS 100 units; $60,000 per unit
APN 140-08-510-000
REP (BOTH) Robin Willet of NAI Vegas’ Sauter

Sale, Land
ADDRESS NWC of Ann Rd. & Sloan Ln., 89115
BUYER Demeter Investments, LLC
SELLER Valley Bank of Nevada
DETAILS 9.42 acres; $1,050,000
APN 123-28-801-004
BUYER’S REP Jarrad Katz, CCIM, SIOR and Galit Kimerling of MDL Group
SELLER’S REP Steven Haynes of Colliers International

H

Sale, Retail
ADDRESS 1000 – 1152 W. Sunset Rd., 89014
BUYER J3 Generations, LLC
SELLER SunLife Assurance Co.
DETAILS 34,244 SF; $9.5 million
APN 178-03-610-005 & 178-03-610-006
BUYER’S REP Brendan Keating and Sean Margulis of Logic Commercial
SELLER’S REP Marlene Fujita Winkel, CCIM and Charles Moore of CBRE

Lease, Office
ADDRESS 1489 W. Warm Springs Rd, 89014
TENANT Premier Business Centers
LANDLORD TIH Augusta Park, LLC
DETAILS 14,533 SF; $1,587,003 for 7 years
LANDLORD’S REP Chris Emanuel of Virtus Commercial

Lease, Retail
ADDRESS 2310 Corporate Circle, 89074
TENANT IMAC Medical Systems, Inc. – Elekta
LANDLORD Tech Park 5, LLC
DETAILS 14,199 SF; $869,281 for 42 months
TENANT’S REP Charles Witter, SIOR of Gatski Commercial Real Estate
LANDLORD’S REP Mark Moser of Savallis Studley

N

Lease, Retail
ADDRESS 2189 W. Craig Rd., 89032
TENANT Burlington Coat Factory of Nevada
LANDLORD Brixton Craig, LLC
DETAILS 50,000 SF; $6,125,000 for 10 years
TENANT’S REP Jeff Mitchell and Joe Cooley of Virtus Commercial
LANDLORD’S REP Charles Creigh and Bob Touma of NewMarket Advisors

S

Sale, Multi-Family
ADDRESS 935 Cottage Grove Ave., 89119
BUYER Chateau Westmoreland, LLC
SELLER Senate Apartments, LLC
DETAILS 131 units; $55,344 per unit
APN 162-22-501-004
REP (BOTH) Art Carll and Jerad Roberts of NAI Vegas’ Sauter
Sale, Land
ADDRESS NEC of Tropicana & Koval, 89109
BUYER UNLV Board of Regents
SELLER Redus ALK, LLC
DETAILS 42 acres; $50 million
APN 162-21-802-011 – 162-21-802-005
SELLER’S REP Mike Mixer, SIOR of Colliers International

Lease, Retail
ADDRESS 570 E. Windmill Ln., 89123
TENANT BB Holdings NV, LLC
LANDLORD Mema Properties, LLC
DETAILS 9,000 SF; $401,236 for 10 years
TENANT’S REP Brian Sorrentino and Angelica Lopez of ROI Commercial
LANDLORD’S REP Chris Richardson, CCIM and Jason Otter of Logic Commercial

SW

Sale, Industrial
ADDRESS 1603 & 1700 Industrial Rd., 89102
BUYER Essex Scot, LLC
SELLER Gaming Partners International USA
DETAILS 64,700 SF; $3,950,000
APN 162-04-609-001, 162-04-609-009 & 162-04-704-001
BUYER’S REP Jarrad Katz, CCIM, SIOR and Galit Kimerling of MDL Group
SELLER’S REP Dan Doherty, SIOR and Susan Borst, CCIM of Colliers International

Loan, Retail
ADDRESS 6315 S. Rainbow Rd., 89118
LOAN OFFICER Kyle Nagy of CommCap Advisors
DETAILS CommCap Advisors finalized a loan to borrower Brentwood Rainbow Sunset, LLC totaling $8 million for 63,759 SF of retail space. The transaction was structured with a 10-year term and 30-year amortization schedule.

WC

Sale, Office
ADDRESS 9080 Double Diamond Pkwy B, 89521
BUYER North Reno Land Development, LLC
SELLER Morrison Property Investments, LLC
DETAILS 6,497 SF; $340,000
APN 063-301-03

Sale, Retail
ADDRESS 1090 Kietzke Ln., 89502
BUYER Kietzke Holdings, LLC
SELLER Sterling Living Trust
DETAILS 11,641 SF; $1,397,925
APN 013-150-39

Sale, Industrial
ADDRESS 905 Southern Way, 89431
BUYER Southern Way Industrial Investors, LLC
SELLER NBS – Reno Industrial OPCO, LLC
DETAILS 300,220 SF; $25,820,000
APN 034-351-06

Sale, School
ADDRESS 1090 Bresson Ave., 89502
BUYER Boys & Girls Club Truckee Meadows
SELLER Lifestyle Homes Foundation
DETAILS 18,160 SF; $1.5 million
APN 013-243-27

Project, Hospital
ADDRESS 220 S. Lola Ln., 89048
CONTRACTOR OF RECORD W&J Development, LLC
DETAILS W&J Development, along with The Neenan Company, broke ground on the Veterans Administration Healthcare Clinic in Pahrump. The new $12 million, 10,000-square-foot outpatient facility replaces the old VA clinic with modern exam and procedure rooms, social work, lab procedures and a wide range of telehealth services. The clinic is expected to open at the end of 2016.

maplg

Filed Under: ReD Report Tagged With: ABJ Group Enterprises, Bob Touma, Brian Sorrentino, CBRE, Charles Connors, Charles Creigh, Charles Moore, Chateau Westmoreland, Chris Emanuel, Colliers International, Craig Summers, Demeter Investments, Galit Kimerling, Gatski Commercial Real Estate, Hellfire Media, IMAC Medical Systems, Jarrad Katz, Loan Parners II, Logic Commercial, Marlene Fujita Winkel, MDL Group, Mel Koich, Mike Mixer, NAI Vegas’ Sauter, Newmarket Advisors, Premier Business Centers, Riviera Shopping Center, Robin Willet, ROI Commercial, Savallis Studley, Senate Apartments, State Bar of Nevada, SunLife Assurance, UNLV Board of Regents, US Bankruptcy Trustee, Valley Bank of Nevada, Virtus Commercial

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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