Monthly Archives: July 2012

Rocket Gaming Systems Signs $1.7 Million Lease

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Rocket Gaming Systems signed a 5-year, $1,739,340 lease for 46,020 square feet of industrial space inside the 4-year-old Park West Business Center, on 2.64 acres, at 6365 Montessouri St. in Las Vegas. New Growth Commercial’s Jason Lesley represented the lessee; Colliers International’s Dan Doherty and Chris Lane represented the lessor, JMAC Industries. The reported average… Read more »

Hacienda Del Rey Joins Sunrise City Plaza

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Hacienda Del Rey signed a 5-year, $545,000 lease for an 8,137-square-foot free-standing restaurant building inside Sunrise City Plaza Shopping Center, on 5.68 acres, at 2797 S. Maryland Parkway in Las Vegas. The total transaction value was. Colliers International’s David Grant represented the lessor, Birkeland Family Nevada LLC II. The reported average rent equals $1.12 per… Read more »

Nevada Financial Center Signs $505,193 Lease

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HSS Systems LLC signed a 63-month, $505,193 lease for 3,422 square feet of office space inside the Nevada Financial Center at 2300 W. Sahara Ave. in Las Vegas. Colliers International’s Taber Thill represented the lessee; Thomas and Mack’s Nicola Fryatt represented the lessor NFC, LLC. The reported average rent equals $2.34 per square foot.

RW & Associates Signs 3-Year Lease

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RW & Associates signed a 3-year, $172,296 lease for 10,000 square feet of industrial space, on 1.42 acres, at 3700 Regulus Ave. in Las Vegas. Colliers International Chris Connell represented the lessor, Chung Enterprises LP. The reported average rent equals 48 cents per square foot.

Cayton Office Team Joins Voit Real Estate

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The Cayton Office Team has joined Voit Real Estate Services’ Las Vegas office.  The team, consisting of Jayne Cayton and Paula Lee, most recently worked for CB Richard Ellis. Cayton joins Voit as a vice president; Lea will be an associate.

Timeshares Add $70 Billion to U.S. Economy

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The U.S timeshare industry contributed $70 billion to the economy in 2011, according to a study conducted by Ernst & Young for the American Resort Development Association (ARDA). That includes a total of 493,000 jobs with $23 billion in income. Overall, the travel industry has created 271,000 new jobs since March 2011, which is 26%… Read more »

FMI: Construction To Grow 3% in 2012, 7% in 2013

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FMI forecasts a 3% growth for construction put in place by the end of 2012 and another 7% in 2013 for a total of $882.4 billion. This is $92.6 billion more than the lows of 2011. There are some positive signs in the economy, with an improving housing industry, especially multi-family housing. Power construction is… Read more »

Gabe Telles Joins Colliers International

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Colliers International Las Vegas hired Gabe Telles as gaming group broker. He will provide real estate advisory and brokerage services to a variety of gaming clients. Telles most recently worked for CB Richard Ellis as a senior office associate. He has also worked for RMI Investment Services and Harsch Investment Properties.

Pacific Harbors Apartments Sold for $3 Million

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Pacifica Sunrise LLC bought 89 units inside the 26-year-old, 168-unit Pacific Harbors condominiums at 5150 E. Sahara Ave. in Las Vegas for $3 million, or $33,707 per unit, from SC Investment Las Vegas Inc. NAI Sauter Cos.’ Patrick Sauter, Art Carll and Devin Lee represented the seller. The 178,274-square-foot property is operated as rental apartments.

Sky Court Harbors Apartments Sold for $3.6 Million

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Pacifica Sky Court LLC bought 86-unit inside the 23-year-old, 173-unit Sky Court Harbors apartments at 9025 W. Desert Inn Road in Las Vegas for $3.6 million, or $41,860 per unit, from SC Investment Las Vegas Inc. NAI Sauter Cos.’ Patrick Sauter, Art Carll and Devin Lee represented the seller. The 178,274-square-foot complex was 95% occupied… Read more »