Monthly Archives: August 2012

GLVAR Elects 2013 Board of Directors

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The Greater Las Vegas Association of Realtors (GLVAR) named Urban Nest Realty’s David Tina as 2013 president, and Prudential Americana Group’s Heidi Kasama as president-elect. Platinum R.E. Professionals’ Noah Herrera is vice president, and Windermere Prestige Properties’ Robyn Yates is treasurer. All will take office on Jan. 1, 2013. Local realtors elected to serve as… Read more »

Analysts See Potential Dark Cloud for Las Vegas Economy in 2013

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By Steve Green – VegasInc The already-struggling Las Vegas economy could face more problems if the United States slips into a recession next year, local analysts say. On Wednesday, the nonpartisan Congressional Budget Office warned that a “fiscal cliff” threatens to cause a recession that would push the U.S. unemployment rate up from 8.3 percent to… Read more »

Tropicana Centre Renews Acquarium Lease

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Trop Aquarium signed a 5-year $283,768 lease for 3,500 square feet of retail space inside Tropicana Centre at 3125 E. Tropicana Ave. in Las Vegas. Colliers International’s Joseph Bonifatto represented the lessor, Gregg Williams, who acted as receiver for Tropec, LLC. The reported average rent equals $1.35 per square foot triple net.

Craig Losee Center Adds New Tenant

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Ombudsman Educational Services signed a 3-year $109,232 lease for 5,172 square feet of retail space inside Craig Losee Center at 2575 E. Craig Road in North Las Vegas. Colliers International’s Scot Marker represented the lessee; H&L Realty & Management’s Ruby Abraham represented the lessor, Vernalis Enterprises, Inc. The reported average rent equals 59 cents per… Read more »

Saddleback Park West Signs 2-Year Lease

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Flex Fluidics LLC signed a 2-year $74,301 lease for 7,551 square feet of industrial space inside Saddleback Park West Business Center at 6382 Montessouri St., Building 10, in Las Vegas. Faris Lee Investments’ Lisa Brady represented the lessee; Colliers International’s Dan Doherty and Chris Lane represented the lessor, Post LP. The reported average rent equals… Read more »

Harsch’s Spring Mountain Square Adds Restaurant

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Koraku USA signed a 10-year $477,516 lease for 1,760 square feet of retail space inside Spring Mountain Square at 3755 Spring Mountain Road in Las Vegas. Century 21 Consolidated’s Sarah Takemoto represented the tenant; The Equity Group’s Adam Malan and Steve Neiger represented the lessor, Harsch Investment Properties. The reported average rent equals $2.26 per… Read more »

Harsch’s Post Commerce Center Signs Lease

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Pacific International Group Services signed a 2-year $57,360 lease for 5,180 square feet of industrial space inside Post Commerce Center at 7350 Eastgate Road, Suite 100, in Henderson. NAI Las Vegas’ Jarrad Katz represented the lessor, Harsch Investment Properties. The reported average rent equals 46 cents per square foot.

Speedway Commerce Center Signs 3-Year Lease

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Craig H. Leerman, owner of Tech Works, signed a 3-year $32,818 lease for 2,533 square feet of industrial space inside Speedway Commerce Center at 6885 Speedway Blvd., Suite 108, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Properties. The reported average rent equals 36 cents per square foot.

Renae Russo Joins Colliers International

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Renae Russo has joined Colliers International Las Vegas as executive assistant for managing partner and co-founder Mike Mixer. She most recently served as director of operations and managing broker at Cushman & Wakefield-Commerce Real Estate Solutions in Las Vegas.

SW Retail Pad Sells for $2.85 Million

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Wayne K. Cook bought a single-story, 6,227-square-foot retail building, on 0.72 acres, at 9240 W. Sahara Ave. in Las Vegas for $2.85 million, or $458-per-square-foot, from SUMRLN LLC. Marcor Investment Properties’ Gary Cornelssen represented the buyer; Colliers International’s Scot Marker represented the seller. The 18-year-old building is 100% occupied by Chipotle Mexican Grill and Cox… Read more »