FWID LLC bought a 19-year-old 27,050-square-foot industrial building, on 2.27 acres, inside Diablo Industrial Park at 3905 W. Diablo Drive in Las Vegas for $5 million, or $185-per-square-foot, from Tanner Family LP. Cushman & Wakefield-Commerce’s Art Farmanali represented the seller; Cushman & Wakefield-Commerce’s Leo Biedermann represented the buyer.
Monthly Archives: May 2014
MCA Realty, Santa Ana, Calif., recently spent $7.3 million acquiring three flex industrial and office properties in Las Vegas and North Las Vegas, expanding its Southern Nevada portfolio by 162,009 square feet. Purchases include the 54% occupied Lamb Technology Center in Las Vegas for $4.9 million or $43-per-square-foot; the 75% occupied Cheyenne West Business Center in… Read more »
Vapology LLC signed a 27-month $36,000 lease for 1,000 square feet of retail space inside Durango Springs Plaza at 8530 W. Warm Springs Road, Suite 103, in Las Vegas. Virtus Commercial’s Rob Hatrak represented the lessor, DSP 1 LLC, DSP 2 LLC, DSP 3 LLC and DSP 4 LLC; Realty One’s Danny Sie represented the… Read more »
Roberto’s Taco Shop signed a 5-year $457,213 lease renewal for 1,800 square feet of retail space inside Desert Palms Plaza at 4845 S. Fort Apache Road, Suite C, in Las Vegas. Virtus Commercial’s Chris Emanuel and Tricia MacKenzie represented the lessee and lessor, Desert Palms Partners. The reported average rent equals $4.23 per square foot.
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In a prior blog post, we looked at the effect the proposed margin tax would have on an actual Nevada residential home builder as well as on a family-owned restaurant. Today we will look at a technology-intensive medical practice and an automotive accessories retail store. Information is based on actual client data provided by Las… Read more »
MCA Realty bought the 114,782-square-foot Lamb Technology Center, on 7.72 acres, at 2725 – 2797 N. Lamb Blvd. in Las Vegas for $4.9 million, or $43-per-square-foot, from PSP/MMA Capital Venture I LP. Colliers International’s Brian Riffel represented the seller; Voit Real Estate’s Kevin Higgins, Garrett Toft, and Zac Zaher represented the buyer. The 17-building property was… Read more »
Cepage LLC signed a 38-month $77,665 lease for 4,433 square feet of industrial space inside the 29-year-old Windriver Industrial Complex, on 7.19 acres, at 4301 S. Valley View Blvd., Suite 12, in Las Vegas. Colliers International’s Gabe Telles represented the lessee; Voit Real Estate’s Kevin Higgins, Garrett Toft, and Zac Zaher represented the lessor, Terra… Read more »
Expo New Orleans LLC signed a 65-month $680,409 lease for 21,096 square feet of industrial space, on 7.32 acres, inside Hughes Airport Center at 950 Pilot Road, Suite H-I, in Las Vegas. Wynn Real Estate’s Derrol Wynn represented the lessee; Voit Real Estate’sKevin Higgins, Garrett Toft, Jennifer Levine, and Zac Zaher represented the lessor, The… Read more »
From Las Vegas Managing Director & Partner Adam Thurgood over at HighTower Las Vegas, a word on the real estate market: Real estate prices are on the rise. According to CoreLogic, a leading data and analytics company, national home prices are up 12.2% over the past twelve months. In addition, we’ve seen 24 consecutive months of year-over-year… Read more »