Monthly Archives: May 2014

Merlayne Villas Sold for $1.4 Million

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Vegas Venture Holdings LLC bought the 20-year-old, 32-unit Merlayne Villas, on 0.65 acres, at 409 and 417 East Merlayne Drive in Henderson for $1.4 million, or $43,750 per unit, from Hoffman Family Living Trust. NAI Las Vegas’ Patrick Sauter, Art Carll and Devin Lee represented the seller.

Lili Claire Foundation Building Sold for $325,000

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B.M. Home Inc. bought the 10-year-old 3,758-square-foot former Lili Claire Foundation office building, on 0.22 acres, at 522 E. Twain Avenue in Las Vegas for $325,000, or $86-per-square-foot, from Finance Holding Company LLC. NAI Las Vegas’ Paul and Wil Chaffee represented the buyer.

Centurion Discovery Signs 41-Month Lease

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Centurion Discovery Inc. signed a 41-month $93,436 lease for 1,573 square feet of office space inside The Park at 3900 at 3900 Paradise Road, Suite 208, in Las Vegas. Voit Real Estate’s Jayne Cayton and Matthew Kreft represented the lessors, Rialto Capital Advisors. The reported average rent equals $1.45 per square foot.

Iron Mag Labs Signs $81,188 Lease

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Iron Mag Labs signed a 42-month $81,188 lease for 3,921 square feet of industrial space inside Whitney Mesa Business Park II at 1860 Whitney Mesa Dr., Suite 120, in Henderson. Wood Real Estate’s Magda Nelson represented the lessee; Voit Real Estate’s Jennifer Levine represented the lessor, Whitney Mesa Industrial LLC. The reported average rent equals… Read more »

McCarthy Builds $80 Million Delano Las Vegas

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The Delano Las Vegas broke ground April 1 at 3940 Las Vegas Boulevard South. McCarthy Building Companies, the firm behind Hakkasan Las Vegas, is general contractor. The $80 million, six-month fast-track project is converting 10-year-old 42-story THEHotel at Mandalay Bay into the Las Vegas outpost of its famed South Beach Delano progenitor. The Delano Las… Read more »