Monthly Archives: April 2013

Former Lucid Recording Studio Finds Tenant

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Starr Pro LLC signed a 1-year, $5,246 lease for the 9-year-old, 1,093-square-foot former Lucid Recording Studio at 4440 S. Arville Street, Suite 6, in Las Vegas. MDL Group’s Tim Behrendt and Lisa Hauger represented the lessor, Shu Yen LLC. The reported average rent equals 40 cents per square foot.

Caring Hands Behavioral Health Signs 7-Year Lease

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Caring Hands Behavioral Health signed a 7-year, $280,796 lease renewal for 2,508 square feet of office space inside the 22-year-old Marbeya Business Park at 6655 W. Sahara Avenue, Suite D 110, in Las Vegas. Birtcher Anderson Realty Management’s David Afromsky represented the lessor, Pacific Peninsula LLC. The reported average rent equals $1.33 per square foot.

Allen Airport Center Sold for $3.6 Million

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RS Fab Building LLC bought the 52,067-square-foot Allen Airport Center at 2017-2037 East Maule Avenue in Las Vegas for $3.6 million, or $69 per square foot, from Allen Airport LLC. Avison Young’s Joe Leavitt and Chris Lexis represented the seller; Cushman & Wakefield-Commerce’s Amy Ogden and Danielle Steffen represented the buyer.

Behzadi Law Offices Moves to Marbeya Business Park

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Behzadi Law Offices signed a 40-month $97,188 lease for 2,424 square feet of office space inside the 22-year-old Marbeya Business Park at 6655 W. Sahara Avenue, Suite B 102, in Las Vegas. Birtcher Anderson Realty Management’s David Afromsky represented the lessor, Pacific Peninsula LLC. The reported average rent equals $1.00 per square foot.

Panattoni Nears Completion on SHFL Building

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Panattoni Development Co. has tilted the concrete walls for SHFL Entertainment’s 130,000-square-foot corporate headquarters, on 9 acres, at the northwest corner of Jones Boulevard and Interstate-215 in Las Vegas. The project, which has created 200 new construction jobs, is scheduled to finish this summer.

Sun Commercial Hires Roger Jeffries

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Sun Commercial Real Estate hired C. Roger Jeffries III as an investment sales associate. He will specialize in net leased investments and storage facility sales. Jeffries previously worked for Marcus and Millichap and NAI Las Vegas.

Edward Bassford Joins Sun Commercial

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Sun Commercial Real Estate hired Edward Bassford as a retail leasing and sales specialist. He previously worked for Weingarten Realty Investors, Investment Equity Development Co., and the Howard Hughes Corp. Bassford has been responsible for over 6 million square feet of retail transactions.  

Revere Capital Names Bob Taylor Vice President

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Revere Capital named Bob Taylor vice president. The Westport, Conn.-based lender specializes in creative higher yielding loans between $1 million and $25 million focused in the office, multi-family and retail sectors. Taylor was previously president of Palmetto Funding.

Valley View Flex Building Sold for $1.9 Million

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Sanders Holdings LLC bought a two-story, 47,363-square-foot office-industrial building, on 1.85 acres, at 5325 S. Valley View Blvd. in Las Vegas for $1.9 million, or $40-per-square-foot, from Hsing Properties LLC. Cushman & Wakefield-Commerce’s Mike Hillis, Susan Borst, and Bob Hawkins represented the seller.

MetaSpot Signs 39-Month Industrial Lease

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MetaSpot Inc. signed a 39-month $46,449 lease for 3,584 square feet of industrial space inside the 22-year-old Arville Commerce Center, on 5 acres, at 4620 S. Arville Street, Suites B and C, in Las Vegas. Gatski Commercial’s Ali Roesener represented the lessee; MDL Group’s Tim Behrendt and Lisa Hauger represented the lessor, Biotronics Ltd. The… Read more »