April was set to be yet another busy month for sales of apartment complexes in Nevada, one of the hottest multifamily markets in the country. And then, all of sudden, it wasn’t. After state and local governments mandated business closures — with resulting job losses — to battle the COVID-19 pandemic, multifamily investors, developers and managers stepped back … [Read more...] about Uncertain Times
CBRE
Office ProjectsFor a New Generation
The signals to office developers to develop are typically simple. Economic growth creates demand for office space, existing buildings begin to fill, rents rise and developers can make new projects pencil out. That’s happening, sort of, across Nevada these days. Vacancy rates in office buildings have fallen to about 12 percent in Las Vegas and about 11 percent in Reno, and … [Read more...] about Office Projects
Industry FocusProperty Mangement
No industry is more involved in the daily running of a building than property management. From dealing with a homeless population to municipalities and tenant renewals, property managers are experts at handling a variety of issues that can arise. Recently, industry leaders met at the Las Vegas offices of City National Bank to discuss commercial real estate and the … [Read more...] about Industry Focus
Reshaping Commercial Real EstateBrokers in Nevada
Buying, selling and investing in commercial real estate isn’t the same today as it was 10 years ago, and 10 years from now it should be completely changed. “Technology is changing in our industry,” said Brendan Keating, CEO, Logic Commercial Real Estate. “So the way we have to approach business, we need to be thinking about our technology while we’re marketing. Technology … [Read more...] about Reshaping Commercial Real Estate
Henderson Development Association to Host Event on Raiders Move
Mixer, panel discussion to feature Raiders president, Henderson mayor May 2 HENDERSON – The Henderson Development Association (HDA), the economic development arm of the Henderson Chamber of Commerce, will host a presentation and mixer, “The Story of the Raiders HQ Relocation - A Win For Henderson,” moderated by Raiders Team President Marc Badain and City of Henderson Mayor … [Read more...] about Henderson Development Association to Host Event on Raiders Move
Red Report: April 2018
E Sale, Multi-Family Address 424 S 13th St., 89101 Buyer SDS Realty Corp Seller Vega Villita Apartments, LLC Details 32 units; $54,843/unit APN 139-34-811-051 Seller Rep Blake Leavitt of Wardley Real Estate Sale, Land Address Carey Ave. & Nellis Blvd., 89115 Buyer Doumani Holdings LLC Seller NMG Capital Partners II & GKT5 LLC Details 2.3 acre; $1.25 … [Read more...] about Red Report: April 2018
Today’s World of Brokerage: What to Know
Larry Singer’s team at Newmark Knight Frank (NKF) has provided services to Ainsworth Game Technology Ltd. for years. First, the commercial real estate brokerage located a Las Vegas site for this gaming machines manufacturer and supplier’s 300,000 square-foot North American headquarters then helped them acquire, through auction, an additional 5-acre parcel from Clark County to … [Read more...] about Today’s World of Brokerage: What to Know
NAR Reports On Risks And Opportunities Facing The Commercial Real Estate Industry
LAS VEGAS – The election of Donald Trump has made for uncertain times. E-commerce and millennials are changing the commercial real estate industry. And retail’s loss has been industrial’s gain. Those are just a few of the takeaways from an in-depth report published by the National Association of REALTORS® (NAR) on the risks and opportunities facing the commercial real estate … [Read more...] about NAR Reports On Risks And Opportunities Facing The Commercial Real Estate Industry
Red Report: June 2017
E Sale, Industrial ADDRESS 5080 Judson Ave. 89115 BUYER JDS Surfaces, LLC SELLER Liber, LLC DETAILS 14,500 SF; $850,000 APN 140-20-502-015 SELLER’S REP Danielle Steffen, SIOR and Amy Ogden, SIOR of Cushman & Wakefield | Commerce H Sale, Office ADDRESS 2534 Anthem Village Dr., 89052 BUYER Conejo Valley Properties SELLER Robison Seidler, Inc. DETAILS 5,040 SF; … [Read more...] about Red Report: June 2017
Red Report: April 2017
N Sale, Retail ADDRESS 8043 – 8053 N. Durango Dr., 89131 BUYER Durango SNS, LLC SELLER SSB Propco, LLC DETAILS 11,060 SF; $2,225,000 APN 125-08-817-002 SELLER’S REP Dustin R. Alvino of Marcus & Millichap Sale, Land ADDRESS SEC of Rainbow Blvd. & Ann Rd., 89130 BUYER Herbst Development, LLC SELLER Rainbow Ann 1, LLC DETAILS 1.64 acres; $1.4 million APN … [Read more...] about Red Report: April 2017
Distribution Panel Discussion to Open Henderson Chamber Mixer
HENDERSON – The Henderson Development Association (HDA), the economic development arm of the Henderson Chamber of Commerce, will host a presentation and mixer featuring “Oh, the Places You’ll Go!: A Panel Discussion on Distribution in Southern Nevada” moderated by Tina Quigley, general manager of the Regional Transportation Commission of Southern Nevada. The event will be from … [Read more...] about Distribution Panel Discussion to Open Henderson Chamber Mixer
NAIOP Southern Nevada Chapter Announces Winners of 20th Annual Spotlight Awards
NAIOP Southern Nevada has announced the 2017 winners of the 20th Annual Spotlight Awards. The prominent awards event, held March 4 at Red Rock Hotel & Casino, honored distinguished businesses and individuals connected to the commercial real estate and development industry locally. The awards program is designed to highlight NAIOP members who positively impact the industry … [Read more...] about NAIOP Southern Nevada Chapter Announces Winners of 20th Annual Spotlight Awards
Red Report: March 2017
E Sale, Industrial ADDRESS 5406 E. El Campo Grande Ave. Blgds. 7/8 C, 89115 BUYER Exhibit Options SELLER Thomas & Mack Development DETAILS 20,028 SF; $1,962,744 APN 123-28-310-002 BUYER’S REP The Larkin Team of NAI Vegas SELLER’S REP Jake Higgins and Kevin Higgins, SIOR of CBRE Sale, Land ADDRESS NWC of Tropical Pkwy. & Range Rd., 89115 BUYER Madison/Chewy, … [Read more...] about Red Report: March 2017
Spending Power: Nevada’s Retail Market
With the peak holiday spending in their rearview mirrors, Nevada retailers say they are cautiously optimistic about continued growth in 2017. “Retail is trending positive. I’m conservatively bullish and would be happy with one to two percent growth next year,” said Kevin Budny, senior general manager of the Galleria at Sunset in Henderson. “We were comparable to 2015 this … [Read more...] about Spending Power: Nevada’s Retail Market
Red Report: February 2017
E Sale, Land ADDRESS 2214 N. Pecos Rd., 89115 BUYER Oxford Investment Partners SELLER Brian J. Horner DETAILS 3.88 acres; $250,000 APN 140-19-101-015 BUYER’S REP Matthew Feustel of Virtus Commercial Loan, Motel ADDRESS 4288 N. Nellis Blvd., 89115 LOAN OFFICER David Blum of NorthMarq Capital DETAILS NorthMarq Capital negotiated the $3 million refinance of La Quinta … [Read more...] about Red Report: February 2017
2017 Economic Forecast Event Set for Jan. 20
Who: NAIOP Southern Nevada, the commercial real estate development association and UNLV’s Lied Institute for Real Estate Studies. What: NAIOP Southern Nevada and the Lied Institute for Real Estate Studies, Lee Business School at UNLV presents “Forecast 2017: Looking for a Sign,” featuring a keynote presentation by Dr. Mark G. Dotzour, Real Estate Economist. The event … [Read more...] about 2017 Economic Forecast Event Set for Jan. 20
Red Report: January 2017
E Sale, Multi-Family ADDRESS 501 S. 10th St., 89101 BUYER Ambleside Properties LLP SELLER T.H. Steele DETAILS 44 units; $32,727 per unit APN 139-34-811-006 SELLER’S REP Michael R. LaBar and Michael L. Shaffner of Marcus & Millichap H Sale, Retail ADDRESS 210 N. Boulder Hwy., Bldg. F, 89015 BUYER Southpoint Apartment, Inc. SELLER WPI-Lake Boulder, LLC DETAILS … [Read more...] about Red Report: January 2017
Red Report: December 2016
E Sale, Industrial ADDRESS 2485 Marco St., 89115 BUYER Salazar Management Group V, LLC SELLER Lee Family Trust DETAILS 8,060 SF; $1,050,000 APN 140-17-801-006 BUYER’S REP Weichert Realtors – Aspire SELLER’S REP Sean Zaher of CBRE H Sale, Office ADDRESS 1410 & 1434 E. Lake Mead Pkwy., 89015 BUYER Great Blue Lake, LLC SELLER Lake Mead Properties, LLC DETAILS … [Read more...] about Red Report: December 2016
Industry Focus: Commercial Real Estate Brokers
Overall, commercial real estate (CRE) in Nevada has been seeing an uptick from the recession. However, some markets are recovering more quickly than others and there are still many challenges the industry must face moving forward. Recently, CRE experts met at the Las Vegas offices of City National Bank to discuss the changes, challenges and opportunities, facing the industry in … [Read more...] about Industry Focus: Commercial Real Estate Brokers
Red Report: November 2016
E Project, Office ADDRESS 700 S. 3rd St., 89101 CONTRACTOR OF RECORD OS Construction Services, Inc. DETAILS Rogers, Mastrangelo, Carvalhi & Mitchell, Ltd. (RMCM), a law firm, has broken ground on new headquarters in downtown Las Vegas. The 1.2 acre site will undergo the demolition of an existing building and construction of a new two-story building with Class A finishes … [Read more...] about Red Report: November 2016