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...]
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...]
NGKF – Fausto’s Mexican Grill Continues to Spice Things Up at Stephanie Promenade
Luna Vega Enterprises, Inc. dba Fausto’s renewed their lease of 1,400 square feet of retail space at 229 N. Stephanie St., Ste. A, from Roxbury Advisors,LLC. Total consideration was $188,736.20. Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
NGKF – Cricket Wireless Joins Rhodes Ranch Town Center
RDJD, Inc. dba Cricket Wireless leased 1,163 square feet of retail space at 7425 S. Durango Dr., Ste. 102, from DM Rhodes Ranch, LLC. Total consideration was $158,861.91. Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
Newmark Grubb Knight Frank Represents Buyer In Large Office Sale
Gamma Pecos-McLeod, LLC purchased a two-building office complex, comprised of 35,700 square feet located at 3740 and 3760 Pecos-McLeod Interconnect. Total consideration was $5,970,000. Senior Managing Director Larry Singer and Managing Director Michael Tabeek, SIOR, CCIM of Newmark Grubb Knight Frank represented the buyer in the transaction. … [Read more...]
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...]
Newmark Grubb Knight Frank Works Out Another Lease at Mall at Grand Canyon
Crossqueens Fitness, LLC dba Orangetheory Fitness leased 3,290 square feet of retail space at 4245 S. Grand Canyon Dr, Ste 109, from E-Grand Ventures, LLC. NGKF has currently leased out 90% of the shopping center leaving only 2 spots available. Total consideration was $366,808.32. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the … [Read more...]
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...]
NGKF – Industrial Space Sold at Creekside Business Center
AMP Development, LLC sold 4,051 square feet of industrial space at 2551 E. Washburn Rd., to 2567 E. Washburn Rd, LLC. Total consideration was $325,000.00. Ben Millis, Chris Beets, and Dave Wrzesinski of Newmark Grubb Knight Frank represented the seller in the transaction. Dan Doherty of Colliers International represented the buyer in the transaction. … [Read more...]
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...]
NGKF – Sale Completed at Craig Plaza
Wells Fargo Bank N.A. sold 15,976 square feet of retail space at 7083 W. Craig Rd., to Craig 95 Holdings, LLC. Total consideration was $3,725,000.00. Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank represented the buyer in the transaction. … [Read more...]
NGKF – New Business Looks to Blossom at Stephanie Promenade
BEKK Partners dba A Beautiful Bouquet leased 1,400 square feet of retail space at 217 N. Stephanie St., Ste. C, from Roxbury Advisors, LLC. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
NGKF – Stephanie Promenade Welcomes Bogarts Bone Appetit
RPV Enterprises, Inc dba Bogarts Bone Appetit leased 4,800 square feet of retail space for 62 months at 245 N. Stephanie St., Ste. C-F, from Roxbury Advisors, LLC. Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank represented the lessor in the transaction. … [Read more...]
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...]
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...]
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...]
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...]
