The United States of America signed a 10-year $2,791,147 lease for 11,457 square feet of industrial space inside KTR Capital Partners’ Arrowhead Commerce Center at 3595 E. Patrick Lane, Suites 100 and 200, in Las Vegas. Colliers International’s Spencer Pinter, Dan Doherty and Chris Lane represented the lessor, KTR LV IV LLC. The reported average… Read more »
Monthly Archives: August 2013
Baskin Robbins signed a 10-year lease for 1,400 square feet of retail space inside Eldorado Plaza at 5515 Camino Al Norte in North Las Vegas. Colliers International’s David Grant represented the lessor, Donahue Schriber Realty Group LP. Lease terms were not disclosed.
Aljos LLC acquired $2,475,000 in refinancing for the 11-year-old Horizon Place, on 0.54 acres, at 209-213 S. Stephanie Street in Henderson. The Albertsons-anchored neighborhood shopping center is currently 71% occupied. CommCap Advisors’ Kyle Nagy sourced the 10-year loan, with a 5-year fixed rate and 25-year amortization.
DC Building Group recently completed Bella Scarpa – a high-end women’s shoe boutique –inside Mandalay Bay at 3950 S. Las Vegas Blvd. The $332,500 retail project remodeled 1,418-square feet to create a stylish boutique featuring a variety of stilettos, boots, platforms and flats along with handbags and accessories. Bella Scarpa means “beautiful shoe” in Italian…. Read more »
Commercial Alliance Las Vegas is hosting its eighth annual Educational Symposium on Friday, Sept. 20, inside the Gold Coast at 4000 W. Flamingo Road in Las Vegas. The event will feature morning and afternoon sessions with nationally known commercial real estate instructors, plus a luncheon with guest speaker Clark County Commission Chairman Steve Sisolak. On-site… Read more »
Panattoni Development Company recently finalized three commercial property sales at the 271,301-square-foot Buffalo/215 Business Park, on 19 acres, in Las Vegas totaling over $800,000. Desert Kitchens LLC bought the 6,150-square-foot Building 4 at 7693 W. Post Road for $319,800, or $52-per-square-foot. Meanwhile, Kickjab Inc. bought the 6,150-square-foot Building 3 at 7711 W. Post Road for $319,800,… Read more »
Jaynes Corporation recently completed a $945,000 tenant improvement for Dersē – a Milwaukee-based exhibit and event marketing company — inside Las Vegas Corporate Center, on 13 acres, at 3200 E. Gowan Road in North Las Vegas. The 133,000-square-foot mixed-use project remodeled the interior of a 10-year-old, 30-foot-tall concrete tilt wall building for a combination of… Read more »
Gold Star Venture LLC bought a 30,934-square-foot Savers, on 3.18 acres, inside Tonopah Plaza at 3121 N. Rancho Drive in North Las Vegas for $2.24 million, or $72-per-square-foot, from JG Rancho LLC. Marcus & Millichap’s Ray Germain represented the seller.
Southern Nevada retail sector still struggled during the second quarter, continuing an eight-quarter decline, reports Colliers International Las Vegas. Valley retail vacancy was 9.5% at the end of June, with 100,229 square feet of net absorption for a year-over-year decrease of more than 50,000 square feet. Meanwhile, distressed retail properties sales accounted for $11.3 million… Read more »
Colliers International Las Vegas’ Ryan Martin recently received a SIOR designation, recognizing him as an office specialist and top producing professional. Martin has over 12 years of experience in commercial office leasing and sales. He is currently a senior vice president with Colliers International’s Office Division.