Monthly Archives: June 2012

Eye-Fi Renews WesTech Business Center Lease

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Eye-Fi signed a 2-year, $128,988 lease renewal for 12,393 square feet of industrial space inside WesTech Business Center II, on 9.02 acres, at 5075 W. Diablo Drive, Suite 208, in Las Vegas. Colliers International’s Mike De Lew and Greg Pancirov represented the lessor, Cable Investments-Diablo, LP. The reported average rent equals 43 cents per square… Read more »

Red Rock Business Center Sold for $3.1 Million

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WGH Acquisitions LLC bought the 4-year-old, 74,246-square-foot Red Rock Business Center, on 4.63 acres, at 6140 and 6180 Brent Thurman Way in Las Vegas for $3.1 million, or $42 per square foot, from SA Group Properties. Sun Commercial Real Estate’s Cathy Jones and her team represented the seller; Piedmont Financial’s Michael Early represented the buyer.

Arrowhead Commerce Center Renews Lease

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Maritz Holdings signed a 66-month $948,905 lease for 27,981 square feet of industrial space inside KTR Capital Partners’ Arrowhead Commerce Center, on 9.74 acres, at 3650 E. Post Road, Suites I & J, in Las Vegas. Winthrop Commercial’s Rick Nelson represented the lessee; Colliers International’s Spencer Pinter, Daniel Doherty and Chris Lane represented the lessor,… Read more »

REO Industrial Building Sells for $540,000

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MCA Donovan Way LLC bought an 8-year-old, 20,330-square-foot industrial building, on 1.07 acres, at 4560 Donovan Way in North Las Vegas for $540,000, or $26 per square foot, from Second Step Management Co. Colliers International’s Dan Doherty and Chris Lane represented the buyer and seller.

South Strip Parcel Sells for $230,000

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Jannah LLC bought 28,314 square feet of land at the southeast corner of Agate Avenue and S. Las Vegas Boulevard in Las Vegas for $230,000, or $8 per square foot, from Clark County Credit Union. Universal Realty’s Scott Beaudry represented the buyer; Colliers International’s Grant Traub represented the seller.

Terry Hamilton Joins The Equity Group

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The Equity Group has hired Terry Hamilton, CCIM, as retail broker. He most recently worked for NewMarket Advisors. Hamilton has completed approximately $150 million in lease and sales volume during his nearly 30 year real estate career.

Nevada Title Co. Relocates Commercial Division

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Nevada Title Co. is relocating its commercial division to Hughes Center at 3993 Howard Hughes Parkway, Suite 120, in Las Vegas. The move will occur July 2. The commercial division had previously been located at 2500 N. Buffalo Dr., Suite 150, in Las Vegas. Nevada Title Co. has a 35% to 40% market share of… Read more »

Rafael Construction Building Sells for $2 Million

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Jonathan Fine bought a 5-year-old, 18,628-square-foot Rafael Construction building, on 1.26 acres, at 7120 Rafael Ridge Way in Las Vegas for $1,975,000, or $106 per square foot, from Gold Ring Holdings LLC. Cushman & Wakefield-Commerce’s Amy Ogden and Danielle Steffen represented the buyer; Colliers International’s Dan Doherty and Chris Lane represented the seller.

Spirit Underground Building Sells for $1.2 Million

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Skybell LLC bought 37-year-old, 9,105-square-foot industrial building at 3525 W. Hacienda Ave. in Las Vegas for $1.2 million, or $132 per square foot, from Spirit Underground LLC. All Vegas Properties’ Joohn Shim represented the seller; Cushman & Wakefield-Commerce’s Danielle Steffen represented the buyer.

Bob Arum’s Top Rank Signs Hughes Center Lease

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Top Rank Inc., the boxing promotion company headed by Bob Arum, signed a 1-year lease for 4,882 square feet of Class-A office space inside the 68-acre Hughes Center master-planned business park at 3773 Howard Hughes Parkway, Suite 390-N, in Las Vegas. Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin and Patti Dillon represented the lessor,… Read more »