Monthly Archives: June 2012

Emerald Suites South Sells For $18.5 Million

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Hall Equities Group bought the 11-year-old, 396-unit Emerald Suites South, on 7.75 acres, at 9145 S. Las Vegas Blvd. for $18.5 million, or $46,717 per unit, from Bank of America. Cushman & Wakefield/Commerce’s Geoffrey West represented the seller. The 199,700-square-foot property consists of 10 three-story buildings.

Office Sold Inside The Park at Warm Springs

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CAPNA Holdings Inc. bought a 7-year, 4,090-square-foot office building, on 0.35 acres, inside The Park at Warm Springs at 157 E. Warm Springs Road in Las Vegas for $530,000, or $130 per square foot, from Harmon Pecos LLC. Cushman & Wakefield-Commerce’s Dean Willmore represented the seller.

REO Industrial Building Sells For $286,500

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Robert Grandin bought a 6-year-old, 5,958-square-foot industrial building, on 0.27 acres, inside Collins Business Park II at 4306 E. Alexander Road in Las Vegas for $286,500, or $48-per-square-foot, from the Bank of George. Commercial Executives’ Soozi Jones Walker and Bobbi Miracle represented the seller.

New $2.55 Million Summerlin Retail Center Planned

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Escape Adventures is building a $2.55 million, 7,958 square foot retail building, on 1 acre, along Discovery Drive, just east of Town Center Drive in Las Vegas. TMC Financing’s Ann Santiago provided the 4.29%, 20-year SBA 504 loan. TWC Construction is the contractor. The building will house a travel office, plus a 1,835-square-bicycle store.