Monthly Archives: February 2013

One Queensridge Place Promotes Randy Char

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One Queensridge Place has named Randy Char as senior vice president of operations. He will oversee sales and marketing efforts, plus manage all property construction while still serving as broker-of-record. The 219-unit, 18-story One Queensridge Place at 9103 Alta Drive in Las Vegas, overlooks the Badlands Golf Course. The $400 million, dual tower residential development… Read more »

Burke Construction Group Names New COO

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Burke Construction Group named Thomas Selvaggio chief operating officer. In the newly-created role, he will oversee the company’s day-to-day operational and management, plus all business operations. Selvaggio most recently served as founder and president of Bloomingdale, Ill.-based Fairbanks General Construction Inc.

Local Industrial Market Continues Lateral Pattern

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By Hubble Smith – Las Vegas Business Press The industrial real estate recession continues to move sideways in Las Vegas, with 16.2 percent vacancy in the fourth quarter, John Restrepo of RCG Economics said. It will take at least three years before the industrial market returns to a stabilized vacancy rate of 10 percent, based… Read more »

Southwest LV Office Building Sold for $400,000

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Home of Grace Christian Fellowship bought a 3,230-square-foot office building, on 0.78 acres, at 1501 Arville Ave. in Las Vegas for $400,000, or $124-per-square-foot, from Silver State Partners LLC. McMenemy Investment Services’ Ron McMenemy represented the seller.

Win Win Real Estate Signs 5-Year Lease

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Win Win Real Estate signed a 65-month, $210,000 lease for 3,121 square feet of office space inside Scottsdale Plaza at 8840 Maryland Parkway, Suite 100-110, in Las Vegas. McMenemy Investment Services’ Ron McMenemy represented the lessor, SREF Scottsdale Plaza LLP. The reported average rent equals $1.04 per square foot.

Flawless Silhouettes Expands Spa Space

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Flawless Silhouettes signed 57-month $75,000 lease for 1,287 square feet of additional retail space inside Scottsdale Plaza at 8820 Maryland Parkway, Suite 110, in Las Vegas, Nevada. McMenemy Investment Services’ Ron McMenemy represented the lessor, SREF Scottsdale Plaza LLP. The reported average rent equals $1.02 per square foot.

Beazer Realty Signs 3-Year Office Lease

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Beazer Realty Services Corp. signed a 3-year $38,000 lease for 1,050 square feet of office inside Scottsdale Plaza at 8778 Maryland Parkway, Suite 110, in Las Vegas. McMenemy Investment Services’ Ron McMenemy represented the lessor, SREF Scottsdale Plaza LLP. The reported average rent equals $1.01 per square foot.

Patrick Wahl Signs 1-Year Industrial Lease

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Patrick Wahl signed a 1-year $10,212 lease for 2,533 square feet of industrial space inside Speedway Commerce Center at 6965 Speedway Blvd., Suite X-113, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Properties. The reported average rent equals 34 cents per square foot.

ProLogis Park North Adds New Tenant

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Technibilt Ltd. signed a 39-month $373,248 lease for 38,400 square feet of industrial space inside ProLogis Park North at 4030 Industrial Center Drive, Suite 500, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor; CB Richard Ellis’ Donna Alderson represented the lessor, ProLogis TLF Las Vegas LLC. The reported average rent equals 25… Read more »

Silverado Ranch Village Signs $172,277 Lease

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Tressformation Hair Co. signed a 5-year, $172,277 lease for 2,096 square feet of retail space inside the 6-year-old Silverado Ranch Village at 409 E. Silverado Ranch Blvd., Suite 100, in Las Vegas. NAI Las Vegas’ Robin Civish and Lauren Brouillet represented the lessee; Newmark Grubb Knight Frank’s Mike Zobrist represented the lessor, Empress Group LLC…. Read more »