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

Red Report: April 2016

April 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.

E

Sale, Land
ADDRESS SWC of Nellis Blvd. & Geist Ave., 89115
BUYER Millis Nellis, LLC
SELLER Criswell Properties, LLC
DETAILS 1.39 acres; $292,000
APN 140-17-611-011
BUYER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank
SELLER’S REP Gary Burgher of Pro Commercial Real Estate, Inc.

H

Sale, Office
ADDRESS 2811 W. Horizon Ridge Pkwy., 89052
BUYER CWRP DR MOB Henderson, LLC
SELLER Palomino Holdings-Henderson
DETAILS 18,000 SF; $6,375,000
APN 177-36-103-004
BUYER’S REP Stacy Scheer, CCIM of Colliers International
SELLER’S REP Tom Naseef, CCIM, SIOR and Jeff Naseef of Colliers International

Sale, Retail
ADDRESS 2100 Olympic Ave., 89014
BUYER American Heritage Academy
SELLER LSI – Nevada, LLC.
DETAILS 155,476 SF; $6.5 million
APN 161-32-401-001
SELLER’S REP Charles Moore and Marlene Fujita-Winkel, CCIM of CBRE

Loan, Retail
ADDRESS 350 N. Boulder Hwy., 89015
LOAN OFFICER Kyle Nagy of CommCap
DETAILS CommCap Advisors finalized a loan to borrower Boulder Hwy Investments, LLC totaling $1,135,000 for 11,457 SF of retail space. The 4.125 percent acquisition loan was structured with a 25-year term and 25-year amortization schedule.

N

Project, Industrial
ADDRESS N. Lamb Boulevard & Interstate 15, 89081
CONTRACTOR OF RECORD Martin-Harris Construction
DETAILS VanTrust Real Estate, LLC celebrated the groundbreaking of Northgate Distribution Center, a 120-acre industrial project located in North Las Vegas. The center is one of the largest speculative development projects in the history of Nevada with a 558,000 SF distribution building and 247,750 SF warehouse planned. Slated completion of phase 1 is late 2016.

Sale, Industrial
ADDRESS 1841 E. Craig Rd., 89030
BUYER ATAAP Company, Inc.
SELLER 1031 Services, Inc.
DETAILS 72,164 SF; $7,150,000
APN 139-02-701-001
SELLER’S REP Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International

NW

Lease, Retail
ADDRESS 5780 Centennial Center Pkwy., Ste. A, 89149
TENANT Down East Corporation
LANDLORD TAG Centennial, LLC
DETAILS 19,981 SF; $3,378,387 for 127 months
LANDLORD’S REP Chris Richardson, CCIM and Jason Otter of Logic Commercial

S

Lease, Retail
ADDRESS 7680 S. Las Vegas Blvd., Ste. 205, 89123
TENANT Boulevard Furniture
LANDLORD LB-USB 2007-C6 Annex REO
DETAILS 21,875 SF; $4,605,311 for 7 years
TENANT’S REP Kevin Ghafouria of Keller Williams Realty
LANDLORD’S REP Liz Clare, CCIM and Jackie Young of Avison Young

SW

Sale, Retail
ADDRESS 4266 S. Durango Dr., 89147
BUYER Durango Rochelle, LLC
SELLER IPTV-B-L6-188, LLC
DETAILS 84,949 SF; $3,350,000
APN 163-21-121-012
SELLER’S REP Chris Richardson, CCIM and Jason Otter of Logic Commercial

Sale, Industrial
ADDRESS 6645 W. Badura Ave., Ste. B-1 & B-2, 89118
BUYER Peter Lik Badura, LLC
SELLER Castillo, LLC
DETAILS 11,140 SF; $1,250,000
APN 176-02-311-000
SELLER’S REP Suzette LaGrange and Kara Walker of Colliers International

Lease, Office
ADDRESS 8555 W. Sahara Ave., 89117
TENANT Smith’s Food & Drug Store #371
LANDLORD Oro Sahara, LLC
DETAILS 53,990 SF; $1,625,356 for 5 years
LANDLORD’S REP Chris Emanuel of Virtus Commercial

Lease, Office
ADDRESS 10195 W. Twain Ave., Ste. 100, 89147
TENANT The Bonati Institute
LANDLORD Patriot Reading Associates
DETAILS 11,872 SF; $4,621,928 for 10 years
TENANT’S REP Barton Hyde of Avison Young
LANDLORD’S REP Roy Fritz of Sun Commercial

Loan, Retail
ADDRESS 8751 W. Charleston Blvd., 89117
LOAN OFFICER Scott Monroe of NorthMarq Capital
DETAILS The $5.35 million refinance was negotiated for Barcelone, a 51,132 SF retail property. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.

WC

Sale, Retail
ADDRESS 1210 Rock Blvd., 89431
BUYER YIMS Produce & Seafood, LLC
SELLER 1210 Rock, LLC
DETAILS 9,800 SF; $900,000
APN 031-042-16

Sale, Retail
ADDRESS 7540 Longley Ln., 89511
BUYER Craig Poundstone
SELLER Francis Realty, Inc.
DETAILS 6,600 SF; $1,710,000
APN 164-110-02

Sale, Industrial
ADDRESS 1400 Marietta Way, 89413
BUYER Melinda & Terry L. Howard
SELLER Hood Development, LLC
DETAILS 14,000 SF; $1,210,000
APN 034-405-01

Sale, Multi-Family
ADDRESS 5300 Los Altos Pkwy., 89436
BUYER Sunroad Enterprises
SELLER Bristol Bay Nevada, Inc.
DETAILS 264 units; $134,470 per unit
APN 514-340-17

O

Sale, Land
ADDRESS 1160 W. Pioneer Blvd., 89027
BUYER BHF, LLC
SELLER Shapiro Trust Etal and Shapiro David & Illana Trust
DETAILS 3.15 acres; $854,980
APN 001-18-210-013
SELLER’S REP Eric Berggren of Newmark Grubb Knight Frank

maplg

Filed Under: ReD Report Tagged With: American Heritage Academy, Avison Young, Barton Hyde, Ben Millis, Boulder Hwy Investments, Boulevard Furniture, CBRE, Charles Moore, Chris Beets, Chris Emanuel, Chris Richardson, Colliers International, CommCap, CommCap Advisors, CWRP DR MOB Henderson, Gary Burgher, Greg Pancirov, Jackie Young, Jason Otter, Jeff Naseef, Kara Walker, Keller Williams Realty, Kevin Ghafouria, Kyle Nagy, Las Vegas business, Las Vegas commercial real estate, Las Vegas real estate, Liz Clare, Logic Commercial, Marlene Fujita Winkel, Martin-Harris Construction, Mike DeLew, Nevada business, Nevada commercial real estate, Nevada real estate, Newmark Grubb Knight Frank, Northgate Distribution Center, Northmarq Capital, Palomino Holdings-Henderson, Peter Lik Badura, Pro Commercial Real estate, Reno business, Reno commercial real estate, Reno real estate, Roy Fritz, Scott Monroe, Smith’s Food & Drug Store, Stacy Scheer, Sun Commercial, Suzette LaGrange, TAG Centennial, Tom Naseef, VanTrust Real Estate, Virtus Commercial

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