Monthly Archives: August 2013

Cardenas Shopping Center Signs $200,000 Lease

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Double Dragon Foods Corp. signed a 66-month $199,308 lease for 1,700 square feet of retail space inside the Cardenas Shopping Center at 4441 E. Bonanza Road, Suite 105, in Las Vegas. Cushman & Wakefield-Commerce’s Dan Hubbard and Todd Manning represented the lessor, Bonanza Ventures LLC. The reported average rent equals $1.78 per square foot.

Attorney Garrett Ogarta Renews Office Lease

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The Law Office of Garrett Ogarta signed a 72-month. $164,754 lease renewal for 2,232 square feet of office space inside the 21-year-old Charleston Valley View Business Park at 3811-3841 W. Charleston Blvd., Suite 205, in Las Vegas. Cushman & Wakefield-Commerce’s Neil Sorkin and Bob Hawkins represented the lessor, WBCMT 2007-C33 Charleston Blvd LLC. The reported… Read more »

Bank Owned Industrial Property Sold for $695,000

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SAW Jacques LLV bought a 5-year-old 4,032-square-foot industrial building, on 2.27 acres, at 5980 Cougar Lane in Las Vegas for $695,000, or $306,167-per-acre, from Colony Capital. Cushman & Wakefield-Commerce’s Amy Ogden and Danielle Steffen represented the seller; The Equity Group’s Neal Anzoletti represented the buyer.

Executive Park West Signs $100,464 Lease

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Bernard Lazare signed a 66-month $100,464 lease for 1,288 square feet of office space inside the 22-year-old Executive Park West, on 5.05 acres, at 6851 W. Charleston Blvd. in Las Vegas. CB Richard Ellis’ Tanner Peterson represented the lessee; Cushman & Wakefield-Commerce’s Bob Hawkins represented the lessor, CW Capital. The reported average rent equals $1.18… Read more »

Canyon Plaza Adds New Tenant

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Short& Associates signed 39-month $50,503 lease for 1,157 square feet of office space inside the 14-year-old Canyon Plaza at 7945 W. Sahara Ave., Suite 107, in Las Vegas. Cushman & Wakefield-Commerce’s Bob Hawkins represented the lessor, Koll/PER Canyon Plaza LLC. The reported average rent equals $1.12 per square foot.

Holsom Design Center Acquires Bridge Refinancing

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LaPour’s 46,000-square-foot Holsum Design Center at 231-241 W. Charleston Blvd. in Las Vegas has emerged from bankruptcy with a 2-year $6 million bridge loan at 7% interest. LaPour sourced the loan from a private lender. Built in 1954 and operated as a bakery until 2002, the Holsum site was purchased by LaPour Partners in 2003 and redeveloped… Read more »

New-Com Signs 5-Year Office Lease

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New-Com Inc. signed a 5-year $844,861 lease for 11,320 square feet of office space inside the Alamo Office Building, on 1.5 acres, at 6600 Amelia Earhart Court in Las Vegas. Gatski Commercial’s Ric Rushton represented the lessor, AAMG LLC; Voit Real Estate’s Zac Zaher. The reported average rent equals $1.24 per square foot.

Ecommerce Innovations Signs $335,933 Lease

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Ecommerce Innovations LLC signed a 63-month $335,933 lease for 11,131 square feet of flex industrial space inside Palms Business Center at 3245 Palms Center Dr. in Las Vegas. Gatski Commercial’s Rob Lujan and Jason Simon represented the lessor, CV PropCo LLC; Griffis Realty Investments’ James Griffis represented the lessee. The reported average rent equals 48 cents… Read more »

DC Building Group Completes Hightower Offices

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DC Building Group recently completed a 3,850-square-foot office tenant improvement for Hightower Holdings inside American Nevada Co.’s Green Valley Corporate Center IV at 2360 Corporate Circle in Henderson. The project consisted of demolition, concrete, and millwork, as well as upgrading the flooring, finishes, and mechanical systems.

Clark County Courthouse Being Auctioned Off

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The former 7-story, 315,180-square-foot Clark County Courthouse, on 2.76 acres, at 200 S. Third Street in downtown Las Vegas is being auctioned-off. The building has been vacant since 2005 when the Regional Justice Center at 200 Lewis Ave. opened. Courthouse operations moved to the new complex. Yet, the county still spends about $140,000 annually to manage the… Read more »