Monthly Archives: November 2012

Bank Owned Retail Building Sells for $1.27 Million

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Leposavic Family Trust bought a 6-year-old, 10,544-square-foot fully leased bank-owned retail-office building, on 1.1 acres, at 4005 and 4035 El Capitan Way in Las Vegas for $1.27 million, or $120 per square foot, from 4005 & 4035 El Capitan Way LLC. Sun Commercial Real Estate’s Cathy Jones, Paul Miachika, Jessica Beall, and Roy Fritz represented… Read more »

P & R Plaza Sold for $851,000

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750 E. Pyle Avenue LLC bought the 6-year-old, 11,288-square-foot bank owned P&R Plaza, on 0.92 acres, to 750 E. Pyle Ave. in Las Vegas for $851,000, or $75-per-square-foot, from One Nevada Credit Union. Sun Commercial Real Estate’s Jeff Berg and Mica Berg seller; First United Management’s Arik Raiter represented the buyer. The strip retail center… Read more »

Rancho Vegas Plaza Sold for $435,000

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Constantino Noval bought the 13-year-old, 9,770-square-foot bank-owned Rancho Vegas Plaza, 0.70 acres, at 3600 W. Vegas Drive in Las Vegas for $435,000, or $45-per-square-foot, from 3600 West Vegas Drive LLC. Sun Commercial Real Estate’s Cathy Jones, Paul Miachika, Jessica Beall, Jeff Berg, Mica Berg and Roy Fritz represented the seller; Gloria Levy represented the buyer.

Collins Park Building Sells for $230,000

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Buckhead Capital Corp. bought a 5-year-old, 5,040-square-foot flex-industrial building, on 0.23 acres, inside Collins Business Park at 4346 E. Alexander Road in Las Vegas for $230,000, or $46-per-square-foot, from Alexander & Pecos LLC. Commercial Executives’ Soozi Jones Walker and Bobbi Miracle represented the seller; Realty Executives’ Mark Anthony Rua represented the buyer.

Esplanade Condos Sell for $18.3 Million

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Fivex Capital LLC bought 163-unit Esplanade condominiums at 8777 W. Maule Ave. in Las Vegas for $18,312,500, or $112,347-per-unit, from Warmington Esplanade Associates LP. NAI Sauter Companies’ Patrick Sauter represented both the buyer and seller.

NAIOP Extends Impact Awards Deadline

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NAIOP Southern Nevada has extended its entry deadline for its 2013 Spotlight Event: the Impact Awards, until Friday, November 30. This program encourages and recognizes distinguished commercial development in Southern Nevada, while increasing public awareness of the outstanding services in shaping the community through project excellence. For more information, CLICK HERE.

Decatur Crossings III Sells for $7 Million

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Ready Mix Opportunity Group LLC bought the two-building, 112,304-square-foot Decatur Crossings III, on 2.02 acres, at 4675 and 4775 W. Teco Ave. in Las Vegas for $7 million, or $62 per square foot, from Next Gen Fund 5 LLC. Voit Real Estate Services’ Kevin Higgins, Garrett Toft and Darren Tappen represented the seller.

FMI: Nonresidential Construction Up in 4th Quarter

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FMI’s nonresidential construction index was up slightly in the fourth quarter. The index scored 55.5 or less than one point higher from last quarter. Contractors are more positive about the national and local economies, although views about the economic strength of their own businesses continue to fall due to reduced backlogs, rising material costs and… Read more »

McGraw-Hill: October Construction Falls 14%

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New construction starts dipped 14% in October to $434.9 billion, reports McGraw-Hill Construction. Much of the decline was due to a sharp pullback by the electric power and gas plant sector after a robust September. If this volatile project type is excluded from the month-to-month comparisons, total construction starts in October would register a 3%… Read more »

Chief Engineer Named for Zappos Building

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Gatski Commercial Real Estate Services named Michael Golubic chief engineer for the Zappos.com facilities management project. He will oversee all day-to-day building maintenance and tenant services for the Zappos building at 400 N. Stewart Ave. in downtown Las Vegas. Golubic most recently worked for RMI Property Management.