Monthly Archives: May 2014

Las Vegas Shuttle Express Signs 39-Month Lease

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Las Vegas Shuttle Express signed a 39-month $42,384 lease for 1,200 square feet of retail space inside Stewart Square at 235 N. Eastern Avenue, Suite 120, in Las Vegas. Virtus Commercial’s Troy Tobler and Kammy Bridge represented the lessee and lessor, DPL Investments. The reported average rent equals 91 cents per square foot.

Alpha Security Signs 5-Year Henderson Lease

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Alpha Security signed a 59.5-month, $88,242 lease for 2,607 square feet of industrial space inside Henderson Commerce Center at 900 W. Warm Springs Road, Suite 101, in Henderson. MDL Group’s Jarrad Katz represented the lessor, Harsch Investment Properties; Avison Young’s Brandon McCool represented the lessee. The reported average rent equals 57 cents per square foot.

Perimeter Center Office Building Sold for $925,000

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Keliane bought an 8-year-old 6,381-square-foot office building, on 0.51 acres, inside Perimeter Center at 5439 S. Durango Dr. in Las Vegas for $925,000, or $145-per-square-foot, from Edifice I LLC. R.O.I. Commercial Real Estate’s Dan Adamson represented the buyer.

Mixed-Use Charleston Portfolio Sold for $675,000

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Daniel Touizer bought three vacant buildings totaling 9,068 square feet, on 1.72 acres, at 5300 and 5350 W. Charleston Blvd. in Las Vegas for $675,000, or $74-per-square-foot, from City National Bank. Sun Commercial’s Cathy Jones, Paul Miachika, Jessica Beall, Roy Fritz and Cash Jordan represented the seller; and Realty One’s Nissim Nick Azouz represented the… Read more »

NECA Southern Nevada Signs 5-Year Lease Extension

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The National Electrical Contractors Association (NECA) Southern Nevada Chapter signed a 63-month $89,029 lease extension for 1,756 square feet of office and flex-industrial space inside the 18-year-old Cameron West Business Park, on 2.06 acres, at 4175 S. Cameron Street, Suite C, in Las Vegas. Sun Commercial’s Mikel McCullough represented the lessee; Cushman & Wakefield-Commerce’s Bob… Read more »

Life Alert Signs 1-Year Las Vegas Lease

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Life Alert signed a 1-year $65,297 lease for 5,155 square feet of office space inside the 10-year-old Northbrooke Business Park, on 1.56 acres, at 4285 N. Rancho Drive, Suite 110, in Las Vegas. Sun Commercial’s Timothy Behrendt and Lisa Hauger represented the lessor, SLP Northbrooke 5 LLC. The reported average rent equals $1.06 per square… Read more »

Sagebrush Plaza Signs 3-Year Tenant Lease

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Terique Vinson signed 3-year $38,648 lease for 1,603 square feet of retail space inside Sagebrush Plaza, on 0.85 acres, at 4600 W Craig Road, Suite 501, in North Las Vegas. Cushman & Wakefield-Commerce’s Pete Janemark represented the lessor, Fenix Investment Holdings LLC. The reported average rent equals 67 cents per square foot triple net.

HOPE Counseling Signs $182,087 Lease

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H.O.P.E. Counseling Services signed a 3-year $182,087 lease for 6,727 square feet of office space inside Weston Place at 6600 W. Charleston Blvd., Suite 140, in Las Vegas. Berkshire Hathaway’s Bill Tomiyasu represented the lessee; Cushman & Wakefield-Commerce’s Pete Janemark represented the lessor, 6600 W Charleston LLC. The reported average rent equals 75 cents per… Read more »

Purfoods Signs 1-Year Henderson Industrial Lease

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Purfoods LLC signed a 1-year $46,800 lease for 6,000 square feet of industrial space, on 1.68 acres, inside Eastgate Industrial Center at 441 Eastgate Road in Henderson. Griffis Realty’s Joe Griffis represented the lessee; Cushman & Wakefield-Commerce’s Art Farmanali represented the lessor, Sactel Investments LLC. The reported average rent equals 65 cents per square foot… Read more »

BLS Job Openings & Labor Turnover Summary

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There were 4.0 million U.S. job openings on the last business day of March, little changed from 4.1 million in February, the Bureau of Labor Statistics (BLS) reported today. The hires rate (3.4%) and separations rate (3.2%) were unchanged in March. Within separations, the quits rate (1.8%) was unchanged and the layoffs and discharges rate (1.1%) was little… Read more »