Monthly Archives: October 2012

Healthcare Partners NV Joins Quail Bonita Park

.

Healthcare Partners Nevada signed a 5-year $589,161 lease for 4,790 square feet of office space inside the 20-year-old Quail Bonita Office Park at 600 Whitney Ranch Dr., Suite B 6-8, in Henderson. Gatski Commercial’s Rob Lujan and Jason Simon represented the landlord, Equus Investment Group. The reported average rent equals $2.05 per square foot.

Rice Trax Teriyaki Grill Signs $508,234 Lease

.

Rice Trax Teriyaki Grill signed a 114.5-month $508,234 lease for 2,070 square feet of retail space inside the 2-year-old Rainbow Robindale Center, on 1.74 acres, at 7745 S. Rainbow Blvd. in Las Vegas. Gatski Commercial’s Laramie Bracken and Joe Anderson represented the landlord, 7729 Rainbow, LLC; Virtus Commercial’s Jeff Mitchell represented the tenant. The reported… Read more »

Rainbow Robindale Center Adds Tenant

.

Design Nail Studio signed a 5-year $149,161 lease for 1,872 square feet of retail space inside Rainbow Robindale Center at 7715 S. Rainbow Blvd. in Las Vegas. Gatski Commercial’s Laramie Bracken and Joe Anderson represented the landlord, Falcon California Investments; Realty One Group’s Jenny Hsieh represented the tenant. The reported average rent equals $1.33 per… Read more »

Equity Group Brokers Earn CCIM Designation

.

The Equity Group’s Marc Lebanoff and Chris Richardson recently earned the Certified Commercial Investment Member (CCIM) designation. The CCIM title recognizes an individual as an industry expert in commercial real estate investment.

LV Retail Market Sees Strong Third Quarter

.

Southern Nevada’s retail market saw third quarter vacancy decline by eight-tenths of a point to 10.3%, as net absorption more than doubled from last quarter to 345,831 square feet, reports John Stater, research director for the Las Vegas office of Colliers International. No new anchored retail projects were completed the third quarter as asking rents… Read more »

Third Quarter LV Office Market Forges Ahead

.

Despite weak employment numbers, Southern Nevada’s office market still saw almost 100,000 square feet of positive net absorption in the third quarter, reports John Stater, research director for the Las Vegas office of Colliers International. Office vacancy, meanwhile, dropped two-tenths of a point to 23.5% while average asking rents stayed stable at $1.90 per square… Read more »

Forte Completes $6 Million Goretorium on Strip

.

Forte Specialty Contractors recently completed construction on Eli Roth’s $6 million, 14,500-square-foot Goretorium inside the 3-story Harmon Corner, on 2.17 acres, at the northeast corner of Las Vegas Boulevard and Harmon Avenue in Las Vegas. It’s the first ever year-round horror experience on the Strip. Goretorium is the brainchild of filmmaker Eli Roth who is… Read more »

Report: Las Vegas Economy Up in 3rd Quarter

.

Clark County’s region’s employment increased by 2,400 jobs from July to August, reports Cushman & Wakefield-Commerce Real Estate Solutions. Las Vegas unemployment rate declined slightly from 12.1% in July to 12% in August, while taxable sales in June were 5.6% higher than a year earlier. Meanwhile, residential construction permits increased slightly from July to August…. Read more »

Courtesy Dental Signs 10-Year Lease

.

Courtesy Dental signed 10-year, 4-month, $369,066 lease for 2,800 square feet of retail space inside the 10-year-old Regency Plaza, on 2.83 acres, at 320 N. Nellis Blvd., Ste. 4 in Las Vegas. Virtus Commercial’s Rob Hatrack represented both the lessee and lessor, Regency Developments. The reported average rent equals $1.06 per square foot.

Forte Specialty Contractors Hires Rick Bunch

.

Forte Specialty Contractors named Rick Bunch general superintendent. He will oversee project cost management, planning and field activity direction. Bunch most recently worked as a project superintendent for THOR Construction.