Monthly Archives: June 2012

North Las Vegas Had No Choice

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By John Restrepo –  Special to the Las Vegas Review-Journal I have watched the North Las Vegas economy deteriorate over the past five years to a point that now warrants emergency action, and I have also reviewed firsthand the cities finances as a volunteer member of its 2010 Strategic Budget Priorities Process Committe. The fact is… Read more »

Schwan’s NLV Warehouse Sells for $2.35 Million

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Tapia Brothers bought the 6-year-old, 20,426-square-foot Schwan’s frozen distribution warehouse, on 5.24 acres, at 1035 W. Cheyenne Ave. in North Las Vegas for $2.35 million, or $115 per square foot, from Schwan’s Home Food Service. CB Richard Ellis’ Greg Tassi represented both the seller and buyer. Schwan’s will continue to rent the space through year’s… Read more »

Buffalo Business Center Sells for $2 Million

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PCF Consulting bought the 23-year-old 36,458-square-foot Buffalo Business Center, on 2.47 acres, at 2451 S. Buffalo Drive in Las Vegas for $2 million, or $55 per square foot, from Trident Pacific Real Estate Group as court appointed receiver. CB Richard Ellis’ Charles Moore, Michael Newman and Marlene Fujita Winkel represented the seller

Cambridge Quail Office Park Bought for $3 Million

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Lisa Su 2005 Revocable Trust bought 23-year-old 49,848-square-foot Cambridge Quail Office Park, on 4.6 acres, at 1601-1681 E. Flamingo Road in Las Vegas for $3.045 million, or $61 per square foot, from ML-CFC 2006-1 Cambridge Quail LLC. CB Richard Ellis’ Charles Moore, Michael Newman and Marlene Fujita Winkel represented the seller. The single-story, five-building complex… Read more »

Korte Completes CB Richard Ellis Office Makeover

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The Korte Co. recently completed a $1.2 million, 17,100-square-foot renovation of CB Richard Ellis’ Las Vegas office inside Hughes Center at 3993 Howard Hughes Parkway, Suite 700. Gensler was the architect. The 3-month makeover created a more open, sustainable environment that is LEED Gold certified by the U.S. Green Building Council.

La Takiza Taco Shop Renews Lease

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La Takiza Taco Shop signed a 3-year, $149,040 lease renewal for 2,850 square feet of restaurant space inside Gold’s Gym Plaza at 3762 E. Flamingo Road in Las Vegas. NAI Las Vegas’ David Johnson, Phillip Baca and Paul Chapman represented the tenant and the lessor, the Burns Family Trust. The reported average rent equals $1.45… Read more »

Firefly Tapas Kitchen & Bar Signs 10-Year Lease

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Firefly Tapas Kitchen & Bar signed a 10-year, $820,316 lease renewal for 4,732 square feet of retail space at 11261 S. Eastern Ave., Suite 200, in Henderson. NAI Las Vegas’ Lauren Brouillet and Jarred Katz represented the landlord, Uyeda Holdings LLC. The reported average rent equals $1.44 per square foot.

Coronado Canyons Sold for $4.3 Million

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Coronado Canyons LLC bought the 4-year-old, 95,422-square-foot bank-owned Coronado Canyons, on 9.38 acres, at 650 Green Valley Parkway in Henderson for $4,301,000, or $45 per square foot, from the FDIC. CB Richard Ellis’ Charles Moore, Michael Newman and Marlene Fujita Winkel represented the seller.

SW Land Parcel Sells for $2.2 Million

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SHFL Properties bought two parcels of vacant land totaling 9.74 acres near the intersection of West Sunset Road and Jones Boulevard in Las Vegas for $2,236,696 or $229,640 per acre, from Sunset VI LLC and Sunset II LLC. CB Richard Ellis’ Greg Tassi, Donna Alderson and Brad Peterson represented the buyer.

Rainbow Oasis Center Sold for $1.85 Million

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Solutions Recovery bought the 22-year-old, 38,784-square-foot Rainbow Oasis Center, on 2.96 acres, at 2975 S. Rainbow Boulevard in Las Vegas for $1.85 million, or $48 per square foot, from 2010-1 CRE NV-Office LLC. CB Richard Ellis’ Charles Moore, Michael Newman and Marlene Fujita Winkel represented the seller. The single-story office complex was 56% leased at… Read more »