That sound that developers of industrial properties hear in the background is the ticking of the clock counting down the longest-lived economic recovery since World War II. But although the ticks are growing louder, demand for space from new and expanding industrial companies keeps developers busy in Las Vegas and Reno alike. The reasons for the boom are a well-told … [Read more...]
Colliers International Announces $66.5 Million Sale of IGT Office Building to California Based Investor, Griffin Capital Corporation
Las Vegas –Colliers International Las Vegas represented Panattoni Development Company on a $66.5 million office facility sale to Griffin Capital Essential Asset REIT II, Inc. The Class “A”, three-story, 222,268 square-foot office property is fully leased to IGT and guaranteed by the tenant’s parent company, International Game Technology PLC. IGT has occupied the facility since … [Read more...]
Henderson to Celebrate Economic Development, Small Businesses
Henderson – The Henderson Chamber of Commerce and the city of Henderson’s Economic Development/Redevelopment division will host Henderson’s 17th Annual Economic Development and Small Business Awards from 6 to 9 p.m. Thursday, Nov. 10, at the Green Valley Ranch Resort, 2300 Paseo Verde Parkway. Cocktail hour will take place from 6 to 7 p.m., and dinner and the program will begin … [Read more...]
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...]
My Henderson
The City of Henderson is open for business. And families. And for anyone who enjoys being in a city consistently awarded best of designations. In November of last year, for example, 24/7 Wall Street named Henderson to the list of America’s 50 Best Cities to Live in. The city is growing. Businesses are opening, financial services and corporate headquarters are calling … [Read more...]
Developers: New Projects Signal Improved Markets
As the welcome sights and sounds of industrial construction continue to pop up all around the Silver State, business decision makers agree that economic good times are coming back. With 200 million square feet of development sprinkled around the U.S., Europe and Canada, developers at Panattoni Development Company, Inc. are happy to have stuck with in Nevada for 17 … [Read more...]
Henderson to Celebrate Economic Development, Small Businesses
Henderson Chamber, City of Henderson to recognize local business successes at 16th annual event Nov. 19 HENDERSON – The Henderson Chamber of Commerce and the city of Henderson’s Economic Development/Redevelopment division will host Henderson’s 16th Annual Economic Development and Small Business Awards from 6 to 9 p.m. Thursday, Nov. 19, at the Green Valley Ranch Resort, 2300 … [Read more...]
Henderson Business Connection Expo to Bring Businesses Together
Nearly 100 exhibitors, 300 attendees expected at sixth annual event Oct. 9 HENDERSON – The Henderson Chamber of Commerce will host its sixth annual Henderson Business Connection Expo from 10 a.m. to 3 p.m. Friday, Oct. 9, at the Henderson Convention Center, located at 200 S. Water Street in the Water Street District. The event is free and open to the public. Presented by … [Read more...]
West Henderson Speculative Industrial Big Box Facility Announced
Las Vegas – Panattoni Development Company and Hillwood Investment Properties have formed a joint venture to develop a ±480,000-square-foot speculative bulk warehouse facility as Phase II of the South 15 Airport Park. The building will be constructed on a 28-acre site the partners recently acquired in the West Henderson industrial park. The South 15 Airport Center, located … [Read more...]
Dermody Properties Names George Condon Partner, West Region
Dermody Properties, a national industrial development and operating company, has named George Condon Partner, West Region. Condon will be based in the company’s West Region Office in Reno, Nev., where the company’s corporate headquarters are also located. Condon is responsible for the company’s regional portfolio as well as new industrial inventory and build-to-suit … [Read more...]
Red Report: August 2015
E Sale, Retail ADDRESS 4741 E. Charleston Blvd., 89104 BUYER H&J Goldman Properties, LLC SELLER 4741 Charleston Acquisition, LLC DETAILS 4,600 SF; $662,644 APN 161-05-510-007 BUYER’S REP Neil Dela Cruz and Hillary Steinberg of MDL Group SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank Lease, Industrial ADDRESS 2542 Abels Ln., 89115 TENANT … [Read more...]
Panattoni Development Company to Break Ground on Henderson Freeways Crossing
WHO: Panattoni Development Company WHAT: Panattoni Development Company, a leading commercial real estate company with an office in Las Vegas, will host a groundbreaking event for its Henderson Freeways Crossing project at the northeast corner of West Lake Mead Drive and Eastgate Road at 10 a.m. on June 3. This industrial business park will include six buildings with … [Read more...]
Panattoni Development Company to Break Ground on Jones Corporate Park on April 28
WHO: Panattoni Development Company WHAT: Panattoni Development Company, a leading commercial real estate company with an office in Las Vegas, will host a groundbreaking event for its Jones Corporate Park project at the northwest corner of Sunset Road and Jones Boulevard at 10 a.m. on April 28. This industrial business park will include two buildings of equal size … [Read more...]
Trending in Henderson
From a company town to a city companies want to be in: Henderson has trended towards the feel of a hometown community while evolving to meet the needs of residents and businesses. In the 1930s, Henderson housed builders working on Boulder Dam. During World War II the Basic Magnesium Plant in Henderson processed magnesium. Those workers left after the war, but Henderson … [Read more...]
If You Build It, Will They Come?
Construction Returns to Nevada’s Industrial Market Nevada’s industrial market, which was devastated by the recession, has now recovered to the point where developers have returned to the market with “spec” projects (those built in advance of a contract or buyer). Now that 2014 year-end numbers have been tallied and evaluated, commercial real estate experts agree that the … [Read more...]
Panattoni Development Company Acquires Industrial Space in North Las Vegas
LAS VEGAS – Doug Roberts, partner for the Nevada division of Panattoni Development Company Inc., announced the company recently closed escrow on a 103,000-square-foot industrial space in North Las Vegas. The total value of the transaction was $5,250,000. The acquired property is located at 1841 E. Craig Road in North Las Vegas. Bryan Houser with Albright Callister & … [Read more...]
Colliers Finalizes Sale to Panattoni Development Company
LAS VEGAS – Colliers International – Las Vegas announced the finalization of a sale to Panattoni Development Company. The approximately 29.94-acres of land is located on the corner of Lake Mead Drive and I-95 in Henderson, Nevada. The transaction value was $6,200,000. Pat Marsh of Colliers International represented the buyer. About Colliers International Colliers … [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...]
What is your favorite charity?
“Candlelighters of Southern Nevada is special to me because of the support, education, hope and advocacy they provide families of children with cancer. It’s important for these families to know they are not alone and that someone cares.” Justin Brown | Vice President Regulatory Affairs, Southwest Gas “My most compassionate feelings go out to the single-parent homeless. Our … [Read more...]
Officials Break Ground on Moapa Paiute Tribe Solar Project
The first utility-scale solar project on tribal land is underway in Southern Nevada. U.S. Senate Majority Leader Harry Reid (NV) joined representatives from the Moapa Band of Piautes and executives from First Solar, Inc. (Nasdaq: FSLR) and the Los Angeles Department of Water and Power (LADWP) to kick off construction on the 250 Megawatt power plant. The project is located on … [Read more...]
