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...]
NGKF – Domino’s Signs 10 Year Lease at Sahara Pavilion North
Domino’s Pizza, LLC leased 2,394 square feet of retail space for 120 months at 4604 W. Sahara Ave, Ste 1-2, from Sahara 3D, LLC. Total consideration was $520,575.30. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
Empire Comics & Games Relocates at Rainbow Square
Empire Comics & Games, LLC dba Empire Comics & Games leased 1,686 square feet of retail space for 60 months at 5431 S. Rainbow Blvd, Ste C-1, from Levian Flamrain Las Vegas, LLC & Ravan Flamrain Las Vegas, LLC. Total consideration was $134,268.36. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
Playa Papagayos Restaurant Signs a 5 Year Lease at Sahara Pavilion North
Gems of the Sea, LLC dba Playa Papagayos Restaurant leased 3,163 square feet of retail space for 60 months at 4760 W. Sahara Ave, Ste 20-21, from Sahara 3D, LLC. Total consideration was $189,780.00. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
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...]
NGKF – Jimmy John’s Signs at Rainbow Square
EZMAYO, LLC dba Jimmy John’s leased 1,000 square feet of retail space for 60 months at 5463 S. Rainbow Blvd, Ste B-3, from Levian Flamrain Las Vegas, LLC and Ravan Flamrain Las Vegas, LLC. Total consideration was $143,346.84. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
NGKF – Sprint Signs 5 Year Lease at The Mall at Grand Canyon
Wireless World, LLC dba Sprint leased 1,600 square feet of retail space for 60 months at 4145 S. Grand Canyon Dr, Ste 107, from Grand Flam Shops Capital Management, LLC. Total consideration was $171,566.56. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
Sahara Pavilion North Welcomes One of the Nation’s Leading Home Infusion Service Providers to its Shopping Center
Option Care Enterprises, Inc dba Option Care leased 12,150 square feet of retail space for 84 months at 4708 S. Decatur Blvd, from Sahara 3D, LLC. Total consideration was $905,175.00. Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
Dollar Tree Set to Open at Commerce Commons Shopping Center
Dollar Tree Stores, Inc leased 14,180 square feet of retail space for 84 months at 265 W. Centennial Pkwy, from Centennial Commerce, LLC. Total consideration was $1,047,193.00. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
Castaways Resale Expands at Stephanie Promenade
God Behind Bars, Inc dba Castaways Resale leased 15,000 square feet of retail space for 120 months at 241 N. Stephanie St., from Roxbury Advisors, LLC. Total consideration was $1,552,392.60. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
Red Report: July 2016
E Sale, Retail ADDRESS 5061 E. Sahara Ave., 89142 BUYER JARM, LLC SELLER East Sahara & Nellis, LLC DETAILS 9,200 SF; $2,550,000 APN 161-09-115-003 SELLER’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank H Sale, Office ADDRESS 139 E. Warm Springs Rd., 89015 BUYER Daniel J. Beumer SELLER Foundation Executives Suites, LLC DETAILS 6,300 SF; … [Read more...]
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...]
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...]
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...]
Red Report: June 2015
E Sale, Industrial ADDRESS 410 Mark Leany Dr., 89011 BUYER No Sweat Mechanical LLC SELLER M&R Leasing LLC DETAILS 5,400 SF; $415,000 APN 178-01-412-003 BUYER’S REP Jarrad Katz, CCIM, SIOR and Galit Kimerling of MDL Group SELLER’S REP Jack Holler Commercial Real Estate Lease, Retail ADDRESS 617 Mall Ring Rd., Ste 120, 89014 TENANT Wellness Connection of Nevada … [Read more...]
Red Report: March 2015
E Sale, Industrial ADDRESS 4240 N. Lamb Blvd., 89115 BUYER FJM Northpointe Associates LLC SELLER 4240 Lamb Holdings LLC DETAILS 46,624 SF; $2,951,300 APN 140-05-420-000 BUYER’S REP Dean Willmore, SIOR of Colliers International SELLER’S REP Dan Doherty, SIOR of Colliers International Lease, Industrial ADDRESS 5406 El Campo Grande, Ste 180, 89115 TENANT Golden Star … [Read more...]
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...]
Nevada Real Estate & Development Report: August 2014
E Project, Other ADDRESS 501 S. Las Vegas Blvd., 89101 CONTRACTOR OF RECORD Recreation Development Company LLC (RDC) DETAILS A $1.3 million ‘shell and core’ contract has been awarded to RDC for gypsum board assemblies at the Federal Justice Tower in downtown Las Vegas. The 129,000 SF project is a joint effort between the City of Las Vegas Redevelopment Agency and developer … [Read more...]
Nevada Real Estate & Development Report: May 2014
E Project, Industrial ADDRESS 400 S. Seventh St., 89101 DETAILS The Korte Company completed the Robert T. Eglet Advocacy Center in Downtown Las Vegas. The $17.5 million three-story building covers 96,875 SF with office space occupying a little over 47,600 SF. The architect for the project was Design Cell Architecture. H Sale, Industrial ADDRESS 1175 Center Point Dr., … [Read more...]
An Industry Revived: Commercial Real Estate in Nevada
Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said. Due to a confidence that the market is on the upswing, investors and tenants are willing to buy and lease. In fact, brokers completed some sizable deals in 2013, including the sale to Genting Berhad, a Southeast Asia casino … [Read more...]
