Monthly Archives: July 2012

Flex Cocktail Lounge Extends Lease

.

Flex Cocktail Lounge signed a 5-year, $226,511 lease for 4,690 square feet of retail space at 4371 W. Charleston Blvd. in Las Vegas. Gatski Commercial’s Laramie Bracken, Joseph Anderson and Jeff Sarachman represented the landlord, Dr. Leonard Carpi. The reported average rent equals 80 cents per square foot.

GLVAR: Home Prices Up for Fifth Month

.

Valley home prices climbed for the fifth straight month in June, reports the Greater Las Vegas Association of Realtors (GLVAR). The median price of single-family homes was $131,785 last month, up 3% from $128,000 in May and up 5.9% from one year ago. “We haven’t seen local home prices go up for this long since… Read more »

Ric Rushton Joins Gatski Commercial

.

Gatski Commercial Real Estate Services has hired Ric Rushton as senior associate of investment sales and leasing. He will focus on brokerage, land development and leasing, with a concentration in downtown Las Vegas redevelopment. Rushton most recently served as vice president of investments for Colliers International.

Luxe Royale Signs $709,800 Lease

.

Luxe Royale signed a 4-year, $709,800 lease for 17,500 square feet of office space inside a 2-story, 10-year-old building at 375 E. Warm Springs Road in Las Vegas. Gatski Commercial’s Nick Barber, Jason Brooks and Jeremy Foley represented the lessor, 375 E. Warm Springs LLC; Real Estate by Design’s Noah Bates represented the tenant. The… Read more »

Ridgeview Industrial Building Sold for $215,000

.

Jin Kun LLC bought a 3,931-square-foot industrial building inside the 5-year-old Ridgeview Business Park at 1051 Olsen St. in Henderson for $215,000, or $55 per square foot, from CML-NV Eagle Rock LLC. NAI Las Vegas’ Jarrad Katz represented the buyer.

Davidsohn Industrial Park Signs Lease

.

Sambrok LLC signed 25-month, $47,125 lease for 6,500 square feet of industrial space inside Davidsohn Industrial Park, on 11.54 acres, at 4935 Steptoe St., Unit 100, in Las Vegas. NAI Las Vegas’ Galit Kimerling-Moreau and Jarrad Katz represented the lessor, Lomas Regency LLC. The reported average rent equals 29 cents per square foot.

Voit Real Estate Buys Cheyenne Tech Center

.

Voit Real Estate recently bought the 6-building, 172,328-sqyuare-foot Cheyenne Technology Center, on 24 acres, at 3355-3675 W. Cheyenne Ave. in North Las Vegas for $11.9 million, or $69 per square foot, from Bank of America. It marks Voit’s first investment acquisition in more than five years. The Newport Beach, Calif.-based firm plans to spend $700,000… Read more »

DLR Group Co-Founder Bill Larson, 88, Dies

.

DLR Group co-founder William L. Larson, FAIA, died on June 29. He was 88. DLR last year employed 500 people in 20 offices across the U.S. The firm’s Las Vegas office designed Molasky Corporate Center and the Pavilion, among other projects.

NW Las Vegas Property Sells for $325,000

.

Hospice Properties VII LLC bought 2.09 acres of vacant land at the southwest corner of Craig Road and Conough Lane in northwest Las Vegas for $325,000, or $155,502 per acre, from Paradise-Craig LLC. Colliers International’s Adam Courrier and Patrick McNaught represented the buyer.

Marnell Corporate Center Renews Lease

.

TEKSystems signed a 64-month $923,568 lease renewal for 6,572 square feet of Class-A office space inside Marnell Corporate Center at 6720 Via Austi Parkway, Suite 210, in Las Vegas. Colliers International’s Andrew Kilduff and Taber Thill represented the lessee; Colliers International’s Tom Stilley, Lizz Stilley, Ryan Martin and Patti Dillon represented the lessor, Marnell Properties,… Read more »