Weighing the benefits of leasing or owning real estate is important for any business, but Nevada real estate professionals said there’s no definitive answer to which option is best. Both leasing and owning real estate offers businesses advantages and disadvantages and the decision of which route to take is up to the leadership at each company, said Jeff Jenkins, executive … [Read more...] about Weighing The Options: Owning Versus Leasing Commercial Real Estate
Marcus & Millichap
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
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
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: October 2016
E Sale, Multi-Family ADDRESS 517 N. 28th St., 89101 BUYER Green Tree Apartment, LLC SELLER Las Vegas Apartments, LLC DETAILS 72 units; $54,166 per unit APN 139-36-110-028 SELLER’S REP Devin Lee, CCIM and Robin Willet of NAI Vegas | The Sauter Multifamily Group H Project, Other ADDRESS 655 E. Lake Mead Pkwy., 89015 CONTRACTOR OF RECORD Core Construction DETAILS A … [Read more...] about Red Report: October 2016
Risk & Reward: Commercial Real Estate Investment in Nevada
Commercial real estate investment properties encompass all the categories of commercial real estate: office, retail, industrial and multi-family properties. Commercial real estate (CRE) itself encompasses everything from the dirt the property is built on to fully tenanted buildings being sold for the best price because every step along the path of commercial real estate from a … [Read more...] about Risk & Reward: Commercial Real Estate Investment in Nevada
Red Report: May 2016
E Sale, Retail ADDRESS 4440 E. Washington Ave., 89110 BUYER Berryessa Plaza, LLC SELLER Mark M. Kaisi DETAILS 30,441 SF; $2,450,000 APN 140-29-212-003 BUYER’S REP Dan Gluhaich of Colliers International SELLER’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate Sale, Land ADDRESS 3500 N. Lamb Blvd., 89115 BUYER Lambeau, LLC SELLER Lamb Blvd … [Read more...] about Red Report: May 2016
Red Report: February 2016
E Project, Hotel ADDRESS 1 S. Main St., 89101 CONTRACTOR OF RECORD Breslin Builders DETAILS The Plaza Hotel & Casino in downtown Las Vegas has begun an extensive, multi-million dollar renovation to its rooftop pool including resurfacing and maintenance to the 70 SF pool deck. The new rooftop pool is slated to reopen this summer. Sale, Multi-Family ADDRESS 2895 E. … [Read more...] about Red Report: February 2016
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
Nevada Real Estate & Development Report: November 2014
N Sale, Office ADDRESS 6624 Sky Pointe Dr., 89131 BUYER WDG 6624 Sky Pointe, LLC SELLER 2010-1 RADC/CADC Venture, LLC DETAILS ; $315,000 APN 125-21-710-014 REP (Both) David Howes of David Howes Commercial Real Estate Lease, Retail ADDRESS 8350 N. Decatur Blvd., 89031 TENANT Spartan Arms and Range Supplies LLC LANDLORD Decatur Horse LLC DETAILS 4,000 SF; $163,200 … [Read more...] about Nevada Real Estate & Development Report: November 2014
Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday, August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities over cups of coffee and … [Read more...] about Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Hospice Collecting School Supplies for Students in Need
Nathan Adelson Hospice locations will serve as drop-off points to collect school supplies for local elementary students. The hospice will be collecting supplies for students at Robert L. Taylor and Sunrise Acres elementary schools. The drive continues until Aug. 18. “Many schools unfortunately suffer from a lack of funding, and a large number of students can’t afford many … [Read more...] about Hospice Collecting School Supplies for Students in Need
Improvements Coming to East Downtown in Reno
Reno's East Fourth Street will be transformed during the second annual Positively 4th Street Better Block Project event. Considered "the gateway" to downtown Reno, Fourth Street is home to several historical properties but is in need of upgrades and repair. Local businesses are looking to spruce up the area through landscaping, adding a two-way bicycle lane, re-striping … [Read more...] about Improvements Coming to East Downtown in Reno
Nevada Real Estate & Development Report: April 2014
E Sale, Retail ADDRESS 5050 E. Russell Rd., 89122 BUYER Wyandotte, Inc SELLER Kathleen & Adrian Varni Trust DETAILS 24,034 SF; $2,200,000 APN 161-28-401-011 BUYER’S REP Neil Dela Cruz of MDL Group SELLER’S REP Katherine Bergh of Marcus & Millichap Loan, Office ADDRESS 2575 E. Sahara Ave., 89104 BORROWER Reliable Auto Sales LENDER TMC Financing and Zions … [Read more...] about Nevada Real Estate & Development Report: April 2014
Nevada State Bank Expanding Mortgage Team to Meet Demand
Nevada State Bank is "gearing up" for increased mortgage demand. The bank is expanding its team of loan officers to handle a purchase market that is picking up steam, according to a recent statement. “While other organizations are downsizing the large refinance teams they have built over the last few years, Nevada State Bank is growing our purchase team to handle the … [Read more...] about Nevada State Bank Expanding Mortgage Team to Meet Demand
Home Prices Up 24 Percent
Home prices in Southern Nevada are continuing to rise. The median price of existing homes for December is up 24 percent from the same time last year, according to statistics recently released by the Greater Las Vegas Association of Realtors (GLVAR). “Local homeowners should be happy with the strong appreciation we’ve seen over the past two years,” said new GLVAR President … [Read more...] about Home Prices Up 24 Percent
High-Income Households Face Uncertain Impacts from Healthcare Changes
Wealthy Nevadans are not exempt from healthcare uncertainty in the face of the Patient Protection and Affordable Care Act. This is according to the 11th installment of the "High Net Worth Report" released by The Private Bank by Nevada State Bank. One major impact will be a 0.9 percent increase in payroll taxes for those making $200,000 or more. Changing delivery systems and … [Read more...] about High-Income Households Face Uncertain Impacts from Healthcare Changes
Nevada Real Estate & Development Report: October 2013
Projects Henderson, 89052 Hospital Burke Construction has begun construction on the Seven Hills Behavioral Institute Expansion project. Plans for the project include the conversion of an existing one story, 15,000 SF office building to an institutional occupancy building. Upgrades will provide additional space for 36 new inpatient psychiatric beds located within two nursing … [Read more...] about Nevada Real Estate & Development Report: October 2013