Posts Categorized: Power Broker Confidential

Allstate Insurance Renews Marbeya Office Lease

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Allstate Insurance Co. signed a 57-month, $124,404 lease for 1,524 square feet of office space inside the 22-year-old Marbeya Business Park at 6655 W. Sahara Ave., Suite B 106, in Las Vegas. Birtcher Anderson Realty Management’s David Afromsky represented the lessor, Pacific Peninsula LLC. The reported average rent equals $1.43 per square foot.

Colliers Names Brooke Pribyl Property Management Assistant

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The Las Vegas office of Colliers International hired Brooke Pribyl as property management assistant. She will assist property managers with day-to-day responsibilities, including tenant and vendor relations, lease administration and maintaining the work order system. Pribyl most recently served as an assistant property manager at Sperry Van Ness.

Garden Court Apartments Sold for $500,000

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Virginia J. Hastings bought the 18-year-old, 20-unit Garden Court apartments, on 0.35 acres, at 308 S. 11th Street in Las Vegas for $500,000, or $25,000-per-unit, from GCA 18, LLC. NAI Sauter Cos.’ Patrick Sauter, Devin Lee, and Robin Willett exclusively represented the seller and the buyer. The two-story, 10,000-square-foot property was 50% occupied at the… Read more »

Downtown Lofts Sold For $1.2 Million

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NHO LLC bought the 51-year-old, 45-unit Downtown Lofts, on 1.39 acres, at 521 N. 14th Street in Las Vegas for $1.2 million, or per unit, from First Republic REO Note 521 LLC. NAI Sauter Cos.’ Art Carll represented the seller; NAI Sauter Cos.’ Robin Willet represented the buyer. The two-story, 37,410-square-foot property was 70% occupied… Read more »

Bank Owned Industrial Building Sold for $535,000

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Alazzar Investments LLC bought an 8-year-old, 12,072-square-foot industrial building inside Copper Sage Commerce Center at 4636 Industry Center Drive in Las Vegas for $535,000, or $44-per-square-foot, from Bank of Nevada. U.S. National Commercial’s Zoltan Hollo represented the seller; U.S. National Commercial’s Zoltan Hollo and Joshua Nieves represented the buyer.

Sunset Post Corporate Center Sold for $675,000

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JRS Real Estate, LLC bought the 7-year-old 7,036-square-foot Sunset Post Corporate Center, on 0.63 acres, at 9080 W. Post Road in Las Vegas for $675,000, or $96-per-square-foot, from 9080 West Post Road LLC. Coldwell Banker Premier Realty’s Elle Gaensslen-Restrepo represented the seller. The property was 50% occupied at the time of sale.

Speedway Commerce Center II Signs Lease

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Patrick Lucas signed a 14-month $17,024 lease for 3,473 square feet of industrial space inside Speedway Commerce Center II at 6969 Speedway Blvd., Suite 101, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Properties. The reported average rent equals 35 cents per square foot.

PD Performance Signs 1-Year Lease Extension

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PD Performance signed a 1-year $10,800 lease for 2,533 square feet of industrial space inside Speedway Commerce Center at 6965 Speedway Blvd., Suite 102, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Properties. The reported average rent equals 36 cents per square foot.

Harsch Signs 13-Month Speedway Lease

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Kenneth H. Derentz signed 13-month $11,531 lease for 2,533 square feet of industrial space inside Speedway Commerce Center at 7005 Speedway Blvd., Suite F-105, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Services. The reported average rent equals 35 cents per square foot.

Noted Economist to Speak at AGC Luncheon

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The Las Vegas Associated General Contractors (AGC) and Nevada Contractors Association (NCA) are holding a membership luncheon on Thursday, January 24, inside The Orleans Hotel Casino Convention Center at 4500 W. Tropicana Ave. in Las Vegas. Registration and networking begin at 11:30 a.m., with the program starting at noon. Tickets are $35 for members or… Read more »