Monthly Archives: July 2012

Able Distributing Building Leased

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C&B Delivery Services signed a 3-year $272,393 lease for the 24,408-square-foot Able Distributing building at 204 E. Mayflower Ave. in North Las Vegas. Business Brokers of Nevada’s Rodney Campbell represented the lessee; Colliers International’s Brian Riffel represented the lessor, Harlan Land Co. The reported average rent equals 31 cents per square foot.

New Concepts Development Signs Lease

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New Concepts Development Corp. signed a 39-month, $151,711 lease for 12,000 square feet of industrial space inside Suncrest Commerce Center at 1051 Mary Crest Road, Suite G, in Henderson. Realty One Group’s Nelson Clark represented the lessee; Colliers International’s Mike DeLew and Greg Pancirov represented the lessor, Gubler & Gubler, LLC. The reported average rent… Read more »

Titan Auto Insurance Joins Sunrise City Plaza

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Titan Auto Insurance of New Mexico signed a 3-year $38,500 lease for 1,011 square feet of retail space inside Sunrise City Plaza at 2837 S. Maryland Parkway, Suite 25, in Las Vegas. CB Richard Ellis’ Elizabeth Leahy represented the lessee; Colliers International’s David Grant represented the lessor, Birkeland Family Nevada, LLC II. The reported average… Read more »

Gibson Business Center Adds New Tenant

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Global Polish Systems signed a 39-month $34,593 lease for 1,691 square feet of industrial space inside Gibson Business Center at 149 Gibson Road, Suite L, in Henderson. Colliers International’s Greg Pancirov and Mike De Lew represented the lessee; Colliers International’s Brian Riffel represented the lessor, CKS, LLC. The reported average rent equals 52 cents per… Read more »

Alliance Electric Extends Office Lease

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Alliance Electric signed an 18-month $22,590 lease for 1,931 square feet of industrial space inside Valley Freeway Centre, Phase III, at 7705 Commercial Way, Suite 120, in Las Vegas. Colliers International’s Greg Pancirov and Mike De Lew represented the lessor, VFC III, LLC. The reported average rent equals 65 cents per square foot triple net.

Speedway Commerce Center II Signs Lease

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Future Fun Unlimited signed a 3-year, $137,000 lease for 6,046 square feet of industrial space inside Speedway Commerce Center II at 6180 N. Hollywood Blvd., Suite 108, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Properties. The reported average rent equals 63 cents per square foot.

2012-6 Clark County Job Index

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RCG’s June 2012 (12-month moving average) Clark County (Nevada) Job Index of 90.4 showed a slight uptick from May’s 90.2 (revised). Compared to June 2011’s 12-month average of 89.1, the latest Index improved by 1.3 points. While the Index has slightly improved over the last 6 months, it’s still largely the result of the local… Read more »

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RCG’s June 2012 (12-month moving average) Clark County (Nevada) Job Index of 90.4 showed a slight uptick from May’s 90.2 (revised). Compared to June 2011’s 12-month average of 89.1, the latest Index improved by 1.3 points. While the Index has slightly improved over the last 6 months, it’s still largely the result of the local… Read more »

Tamarus Village Sells For $3.35 Million

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Kothari Property Group bought the 33-year-old, 87-unit Tamarus Village, on 3.25 acres, at 5055 Tamarus St. in Las Vegas for $3,350,000, or $38,506 per unit, from Tamarus Apartments LLC. NAI Sauter Cos.’ Patrick Sauter, Art Carll, Devin Lee and Robin Willett represented the seller. The property was over 90% occupied at the time of sale.

Centennial Business Park REO Building Sold

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HCBI Centennial Hills LLC bought a 6,550-square-foot office building inside Centennial Business Park, on 3.05 acres, at 6690 Grand Montecito Parkway in Las Vegas for $850,000, or $130 per square foot, from the FDIC, which served as receiver for Southwest USA Bank. Colliers International’s Grant Traub represented the buyer; Voit Real Estate Services’ Garrett Toft… Read more »