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
CBRE
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
Red Report: September 2016
E Sale, Multi-Family ADDRESS 5325 E. Tropicana Ave., 89122 BUYER Aspen Square Management, Inc. SELLER Majestic Heights Owner, LLC DETAILS 240 units; $77,500 per unit APN 161-28-102-002 SELLER’S REP Art Carll and Patrick Sauter of NAI Vegas | The Sauter Multifamily Group H Sale, Retail ADDRESS Multiple Properties, 89052 BUYER 3D Investments, LLC SELLER Eastern … [Read more...] about Red Report: September 2016
Henderson Chamber hosts HCC Connect Panel + Expo + Mixer Aug. 30
Henderson Chamber hosts HCC Connect Panel + Expo + Mixer Aug. 30 Expo to include more than 100 booths; standard space still available HENDERSON – The Henderson Chamber of Commerce will host HCC Connect Panel + Expo + Mixer from 4 to 8 p.m. Tuesday, Aug. 30 in the Grand Ballroom at the Green Valley Ranch Hotel & Casino, 2300 Paseo Verde Pkwy. The event is open to the … [Read more...] about Henderson Chamber hosts HCC Connect Panel + Expo + Mixer Aug. 30
Red Report: August 2016
E Sale, Other ADDRESS 5621 – 5719 Judson Ave., 89156 BUYER Progressive Pilgrims Fellowship SELLER Saint Michael Antiochian Orthodox Church DETAILS 7,000 SF; $730,000 APN 140-21-601-005 SELLER’S REP Al Twainy, CCIM of Colliers International H Sale, Office ADDRESS 150 N. Gibson Rd., 89014 BUYER Harsch Investment Properties SELLER Basic Land Company, Inc. DETAILS … [Read more...] about Red Report: August 2016
Emerging Demands: Multi-Family Real Estate
When the American Dream of home ownership took a nose dive due to the recession, many people discovered that it’s increasingly hip to rent. Subsequently in the past few years, the multi-family real estate market has enjoyed a record-setting uptick as demand has exceeded supply in Nevada as well as all over the country. “Things are very positive. This market had been one of the … [Read more...] about Emerging Demands: Multi-Family Real Estate
Red Report: April 2016
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 … [Read more...] about Red Report: April 2016
City Sunstone Properties Revitalizing Area with Galleria Marketplace
HENDERSON — City Sunstone Properties, a Las Vegas-based commercial real estate investment company, has completed phase one of the $8 million Galleria Marketplace, a retail center at 1540 Sunset Drive, transforming 30-year-old garden offices into a vibrant retail center. A 4,571-square-foot P.T’s Gold is expected to open by April along with a 2,164-square-foot Las Pupusas … [Read more...] about City Sunstone Properties Revitalizing Area with Galleria Marketplace
Red Report: March 2016
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 … [Read more...] about Red Report: March 2016
Red Report: January 2016
E Sale, Retail ADDRESS 1201 – 1240 E. Charleston Blvd., 89104 BUYER Downtown Rental, Inc. SELLER US Bank National Association DETAILS 27,402 SF; $2,250,000 APN 139-34-814-001 REP (BOTH) Wil Chaffee and Paul Chaffee of NAI Vegas Sale, Land ADDRESS 5366 Stephanie St., 89122 BUYER Oxford Investment Partner, LLC SELLER CRV Classic Properties, LP DETAILS 1.66 acres; … [Read more...] about Red Report: January 2016
Industry Focus: Commercial Real Estate
Commercial Real Estate in Nevada is recovering from a tough recession. Brokers agree that the industry has improved, but some markets are clearly bouncing back more quickly than others. Recently, commercial real estate experts met at the Las Vegas Law Offices of Snell & Wilmer to discuss the factors affecting the overall health of the industry in the Silver State. Connie … [Read more...] about Industry Focus: Commercial Real Estate
Red Report: December 2015
E Sale, Office ADDRESS 1380 E. Sahara Ave. & 2408 Pardee Pl., 89104 BUYER Consulting Advisors of Nevada, LLC SELLER Rusty Croissant, LLC DETAILS 5,540 SF; $650,000 APN 162-02-410-116 & 162-02-410-117 BUYER’S REP Amy Kyzykyan of Realty One Group SELLER’S REP Matt Feustel of Virtus Commercial Sale, Retail ADDRESS 1100 E. Charleston Blvd., 89104 BUYER Ten15 … [Read more...] about Red Report: December 2015
Red Report: November 2015
E Sale, Multi-Family ADDRESS 310 – 400 S. 11th St., 89101 BUYER BDR Cascadia SELLER Norma Jakubowski DETAILS 57 units; $45,947 per unit APN 139-34-712-101 SELLER REP Michael LaBar and Michael Shaffner of Avison Young Sale, Multi-Family ADDRESS 1823 Santa Paula Dr., 89104 BUYER 1823 Santa Paula Apartments, LLC SELLER Eagle Property Partners, LLC DETAILS 12 units; … [Read more...] about Red Report: November 2015
Red Report: October 2015
E Sale, Industrial ADDRESS 4750 N. Lamb Blvd., 89115 BUYER Bixby Land Company SELLER Pamida Realty, LLC DETAILS 180,000 SF; $15.1 million APN 140-05-111-005 SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank Sale, Industrial ADDRESS 3045 N. Lamb Blvd., 89115 BUYER Robbie Auto, Inc. SELLER Talmer West Bank DETAILS 10,646 SF; $970,000 APN … [Read more...] about Red Report: October 2015
Red Report: September 2015
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 … [Read more...] about Red Report: September 2015
Dermody Properties Promotes Elizabeth Teske to Senior Vice President of Property Management
Reno, Nev. – Dermody Properties recently announced the promotion of Elizabeth Teske to senior vice president of property management. Teske is responsible for overseeing the company’s direct and indirect property management activities across the United States. As senior vice president she leads the company’s team of property management professionals, and develops initiatives … [Read more...] about Dermody Properties Promotes Elizabeth Teske to Senior Vice President of Property Management
Colliers International – Las Vegas Expands Local Office Team
Las Vegas - Mike Mixer, executive managing director of Colliers International – Las Vegas, announced that the company has hired two new team members: Seth Limon and Amanda Palmer, associates in the Office Division. Limon will be handling the prospecting and market research for the office team of Ryan Martin, Taber Thill and Patti Dillon. He will also conduct property tours … [Read more...] about Colliers International – Las Vegas Expands Local Office Team
Red Report: July 2015
E Project, Industrial ADDRESS 5402 E. El Campo Grande Ave., 89115 CONTRACTOR OF RECORD Burke Construction Group DETAILS Burke Construction Group recently completed the 180,000 SF Bed, Bath & Beyond Harmon Distribution Facility Center. Developed by Thomas and Mack Development Group and designed by CASCO, the $5.2 million project included the construction of 120,000 SF of … [Read more...] about Red Report: July 2015
Red Report: May 2015
E Project, Industrial ADDRESS 4025 E. Cheyenne Ave., 89115 CONTRACTOR OF RECORD United Construction Company DETAILS Construction is underway on Dermody Properties’ LogistiCenter Cheyenne. The 381,804 SF distribution facility will feature a 32-foot clear height, 80 trailer stalls and 248 parking stalls. The project is expected to be complete in October of this … [Read more...] about Red Report: May 2015