Posts Categorized: Power Broker Confidential

Hank’s Philly Steaks Joins Silverado Ranch Village

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Hank’s Philly Steaks signed a 3-year $69,364 lease for 1,310 square feet of retail space inside Silverado Ranch Village at 467 E. Silverado Ranch Blvd., Suite 125, in Las Vegas. Newmark Grubb Knight Frank’s Nelson Tressler and Michael Zobrist represented the lessor, Empress Group LLC. The reported average rent equals $1.47 per square foot.

Campbell Court Signs $276,433 Office Lease

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Susan L. Boyd signed a 62-month $276,433 lease for 3,773 square feet of office space inside the 23-year-old Campbell Court at 3100 W. Charleston Blvd., Suite 200, in Las Vegas. Newmark Grubb Knight Frank’s Ben Millis represented the lessor, Richard L. Sweeney, acting as receiver. The reported average rent equals $1.18 per square foot.

Cheyenne Business Park Signs $449,500 Lease

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Hoover Investment LLC bought 8,000 square feet of office space inside the 9-year-old Cheyenne Business Park, on 0.24 acres, at 3460 W. Cheyenne Avenue in North Las Vegas for $449,500, or $56-per-square-foot, from Quality Properties Asset Management Co. Newmark Grubb Knight Frank’s Ben Millis represented the buyer; NAI Las Vegas’ Michael Campbell represented the seller.

Riot Racing Signs 1-Year Lease Extension

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Riot Racing signed a 1-year $30,612 lease for 8,504 square feet of industrial space inside Speedway Commerce Center at 6775 Speedway Blvd., Suite M-103, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Services; Virtus Commercial’s Rob Hatrak represented the lessee. The reported average rent equals 30 cents per square foot.

Speedway Commerce Center Extends Tenant Lease

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Lacer Motorsports signed a 1-year $10,032 lease for 2,533 square feet of industrial space inside Speedway Commerce Center at 6947 Speedway Blvd., Suite S-105, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Services. The reported average rent equals 33 cents per square foot.

CCIM: Positive Aspects of Public Education

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The Southern Nevada CCIM chapter is holding a luncheon on the “Positive Aspects of Public Education” on Wednesday, January 23, at The Orleans Hotel & Casino, Conference Center, 4500 W. Tropicana Ave. in Las Vegas. The event begins at 11:30 a.m. Panelists include: Dwight Jones, Clark County School District Superintendent; Dr. Neal Smatresk , UNLV… Read more »

Committed Performance Signs $18,000 Lease

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Committed Performance LLC signed a 13-month $18,000 lease for 5,067 square feet of industrial space inside Speedway Commerce Center at 6867 Speedway Blvd., Suite R-105, in Las Vegas. NAI Las Vegas’ Tom Elkington represented the lessor, Harsch Investment Services. The reported average rent equals 27 cents per square foot.

Harsch Executives to Speak at CMG Luncheon

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Harsch Investment Properties executives John Ramous and Jim Tainter will speak at the Commercial Marketing Group’s February 13th luncheon at the Las Vegas Country Club at 3000 Joe W. brown Drive in Las Vegas. Tickets are $25 in advance or $30 at the door. The event begins at 7:15 a.m. Harsch, the valley’s largest industrial… Read more »

Southeast Loft Building Sold for $665,000

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Juniper Enterprises LLC bought a two-story, 10,173-square-foot flex-industrial building inside the Southeast Lofts District at 4030 E. Post Road, Building E, in Las Vegas for $665,000, or $65 per square foot, from Wells Fargo Bank. U.S. National Commercial’s Joshua Nieves and Zoltan Hollo represented the buyer.

REO Office Building and Billboard Sold for $435,000

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Rusty Croissant bought a 5,344-square-foot office building with a billboard, on 0.34 acres, at 1380 E. Sahara Ave. and 2408 Pardee Place in Las Vegas for $435,000, or $81-per-square-foot, from Bank of Nevada. U.S. National Commercial’s Joshua Nieves and Zoltan Hollo represented the buyer.