Monthly Archives: June 2012

LaPour’s Holsum Design Center Adds Tenant

.

MPR Corp. signed a 5-year, $845,208 lease for 12,890 square feet of office space inside Holsum Design Center at 241 W. Charleston Blvd., Ste. 111, in Las Vegas. The Equity Group’s Chris Richardson and Jason Otter represented the leasee; Colliers International’s Rebecca Wachter represented the lessor, LaPour Grand Central LLC. The reported average rent equals… Read more »

Crescent’s Hughes Center Renews Tenant Lease

.

RBC Capital Markets LLC signed a 5-year lease renewal for 3,659 square feet of Class-A office space inside the 68-acre Hughes Center at 3883 Howard Hughes Parkway in Las Vegas. CB Richard Ellis’ Randy Broadhead represented the leasee; Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin and Patti Dillon represented the lessor, Crescent Real Estate… Read more »

Phuong Tailoring Joins Silverado Ranch Plaza

.

Phuong Tailoring & Alterations signed a 65-month, $79,806 lease for 1,000 square feet of retail space inside the 13-year-old Silverado Ranch Plaza, on 10.26 acres, at 9711 S. Eastern Ave. in Las Vegas. Colliers International’s Scot Marker represented the lessor, Seligman Western Enterprises. The reported average rent equals $1.23 per square foot.

GLVAR: Home Prices Climb 4 Months Straight

.

Valley home prices increased for the fourth straight month in May, as the supply diminished, reports the Greater Las Vegas Association of Realtors. It marks the first time since May of 2005 that single-family home prices increased for four consecutive months. The median price of single-family homes sold in May was $128,000, up 0.1% from… Read more »

Fusion Sign & Design Extends Lease

.

Fusion Sign & Design signed a 1-year, $34,356 lease extension for 6,060 square feet of mid-bay space inside a 9-year-old industrial building, on 0.36 acres, inside the Hinson Business Park at 4109 Wagon Trail Ave. in Las Vegas. Cushman & Wakefield-Commerce’s Dean Willmore and Laura Hart represented the landlord, Seltzer Holdings LLC. The reported average… Read more »

LV Apartment Complex Sells for $120,000

.

AOW REO LLC bought a 49-year-old, 8-unit apartment complex, on 0.3 acres, at 413 N. 15th St. in Las Vegas for $120,000, or $15,000 per unit, from Ramba Living Revocable Trust of Las Vegas. NAI Sauter Cos.’ Patrick Sauter, Devin Lee, and Robin Willett represented the buyer.

Gatski Commercial Hires Jeff Sarachman

.

Gatski Commercial Real Estate Services named Jeff Sarachman as investment sales and leasing associate. He previously had been working in the casino industry.

Rancho Verde Apartments Sell for $4.73 Million

.

Rancho Verde Apartments LLC bought the 32-year-old, 264-unit Rancho Verde apartments, on 13.5 acres, at 98 S. Martin L. King Blvd. in Las Vegas for $4,725,000, or $17,898 per unit, from LV-MLK LLC. NAI Sauter Cos.’ Patrick Sauter represented the seller.

Carey Fourplexes Sell for $2 Million

.

Sonia Orellana and Samuel Alfaro-Martinez bought the 50-year-old, 68-unit Carey fourplexes, on 3.91 acres, at 900 E. Carey Ave. in North Las Vegas for $2,040,000, or $30,000 per unit, from EQ MOH LLC. NAI Sauter Cos.’ Devin Lee represented the seller.

Royal Crest Apartments Sell For $350,000

.

Royal Crest Investors LLC bought the 48-year-old, 8-unit Royal Crest Apartments, on 0.22 acres, at 3831-3841 Royal Crest Circle in Las Vegas for $350,000, or $43,750 per unit, from Trident Pacific Real Estate Group, which was the court appointed receiver. Cushman & Wakefield-Commerce’s Neil Sorkin represented the seller.