Monthly Archives: July 2013

Nevadans to Spend $221 Million on Back-to-School Items

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Parents are expected to spend less on back-to-school items this year. There are approximately 1.0 million households in Nevada, and 34 percent (347,900) of them have children. Assuming these households follow national trends, retailers in the state are expected to see $220.8 million generated from back-to-school sales, down from $244.7 million last year, reports the… Read more »

Losee Industrial Park Signs $43,200 Lease

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Blend-N-Concepts signed a 26-month $43,200 lease for 6,000 square feet of industrial space inside the 16-year-old Losee Industrial Park, on 3.32 acres, at 2710 Losee Road, Suite 4, in North Las Vegas. NAI Sauter Companies Wil Chaffee and Paul Chaffee represented the lessee; CB Richard Ellis’ Tom Elkington represented the lessor, Harsch Investment Properties. The… Read more »

North Las Vegas Parcel Sells for $3.2 Million

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Nicholas & Company bought 28 acres of vacant industrial land at 5625 North Sloan Lane in North Las Vegas for $3,196,548, or $114,162-per-acre, from Valley Bank of Nevada. MDL Group’s Jarrad Katz represented the buyer; Diversified Real Estate’s Randy Black represented the seller.

LV Peruvian Restaurant Sold for $387,000

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Garden Flowers Blossom LV LLC bought the 14-year-old 4,500-square-foot former Inka Si Senor Peruvian Grill restaurant, on 1.34 acres, at 4375 S. Buffalo Road in Las Vegas for $387,000, or $86-per-square-foot, from Evergreen 28 LP. MDL Group’s Timothy Behrendt and Lisa Hauger represented the seller; David Howes represented the buyer.

Stratum Textiles Signs $104,212 Lease

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Stratum Textiles signed a 37-month $104,212 lease for 5,595 square feet of industrial space inside the Martin & Hinson Business Park, on 0.32 acres, at 6631 Schuster Street in Las Vegas. MDL Group’s Timothy Behrendt and Lisa Hauger represented the lessor, Design to Print Inc. The reported average rent equals 50 cents per square foot.

Spectrum of LV Signs $170,833 Lease

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J.C.H Enterprises signed a 38-month $170,833 lease for 16,016 square feet of industrial space inside Spectrum of Las Vegas at 2711 Craig Road, Suites H to J, in Las Vegas. Colliers International’s Eric Molfetta represented the lessee; Colliers International’s Dean Willmore represented the lessor, Harsch Investment Properties. The reported average rent equals 28 cents per square foot triple net.

William Lyon Homes Pays $575,000 for Pahrump Lots

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William Lyon Homes bought 95 residential lots totaling 16.11 acres inside the Villa Serena subdivision in Pahrump for $575,000, or $35,692-per-acre, from Plaza Bank. Cushman & Wakefield-Commerce’s Art Farmanali represented the seller; Insight Realty’s Jim Zeiter represented the buyer.

Sequoia Builders Signs 2-Year Lease Renewal

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Sequoia Builders signed a 2-year $39,897 lease renewal for 2,015 square feet of industrial space inside Brookhollow Business Park at 7310 Smoke Ranch Road, Suite A, in Las Vegas. Cushman & Wakefield-Commerce’s Bob Hawkins represented the lessor, Koll/PER Brookhollow LLC. The reported average rent equals 83 cents per square feet.

Del Taco Building Sold for $700,000

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TEG Holdings LLC bought a 22-year-old 2,328-square-foot former Del Taco restaurant, on 0.51 acres, at 5117 W. Charleston Blvd. in Las Vegas for $700,000, or $301-per-square-foot, from Auerbach Family Trust of 1987. The Equity Group’s Brendan Keating represented the buyer; Cushman & Wakefield-Commerce’s Dan Hubbard represented the seller.