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Nevada Real Estate & Development Report: August 2014

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Read the Nevada Real Estate and Development Report: August 2014 - Commercial real estate and development - projects, sales, and leases.

E

Project, Other
ADDRESS 501 S. Las Vegas Blvd., 89101
CONTRACTOR OF RECORD Recreation Development Company LLC (RDC)
DETAILS A $1.3 million ‘shell and core’ contract has been awarded to RDC for gypsum board assemblies at the Federal Justice Tower in downtown Las Vegas. The 129,000 SF project is a joint effort between the City of Las Vegas Redevelopment Agency and developer Steve Bioagiotti of SDA Inc. The executive and administrative offices of the Department of Homeland Security U.S. Immigration and the U.S. Attorney’s Office for the District of Nevada will be housed in this development.

N

Sale, Office
ADDRESS 5041 N. Rainbow Blvd., 89130
BUYER D&A Holdings Group LLC
SELLER Haines & Kreiger LLC
DETAILS 16,000 SF; $1,050,000
APN 125-34-712-009
BUYER’S REP Grant Traub and Chris Connell, CCIM, SIOR of Colliers International
SELLER’S REP Galit Rozen of Commercial Professionals

Lease, Retail
ADDRESS 1925 W. Craig Rd., Ste 102, 89032
TENANT Skechers U.S.A., Inc.
LANDLORD Retail Center Partners, LTD.
DETAILS 6,000 SF; $420,000 for five years
TENANT’S REP Jeffrey Mitchel of Virtus Commercial
LANDLORD’S REP Dan Hubbard of Cushman & Wakefield Commerce

NW

Lease, Office
ADDRESS 1700 N. Buffalo Dr., Ste 101, 89128
TENANT JSA Healthcare Nevada, LLC
LANDLORD Sea Breeze Village, LLC
DETAILS 5,014 SF; $1,516,698 for 10 years
TENANT’S REP Mike Dunn, CCIM, SIOR and Paula Lea of Cushman & Wakefield Commerce
LANDLORD’S REP Richard Gordon of Laurich Properties, Inc.

S

Project, Retail
ADDRESS 3743 Las Vegas Blvd., South, Suite 201
Owner Brinker Nevada, inc.
Builder DC Building Group, LLC
Architect GHA Architecture/Development
Details A $3 million, 9,000 square-foot Chili’s flagship restaurant is under construction on the Las Vegas Strip. The project is being built by DC Building Group and will seat up to 262 diners and include a second story balcony dining area.

Sale, Office
ADDRESS 1455 and 1515 E. Tropicana Ave., 89119
BUYER Executive Center LLC
SELLER Jefferson Pilot Investments, Inc.
DETAILS 101,311 SF; $4,800,000
APN 162-26-102-001
REP (both) Charles Moore and Marlene Fujita Winkle, CCIM of CBRE Las Vegas

Sale, Office
ADDRESS 6811 S. Eastern Ave., 89119
BUYER The Dalacas1995 Trust
SELLER Edgemere Capital Inc.
DETAILS 8,800 SF; $1,200,000
APN 177-02-614-000
BUYER’S REP Ron McMenemy of McMenemy Investment Services
SELLER’S REP Jarrad Katz, CCIM and Galit Kimerling of MDL Group

Sale, Office
ADDRESS 8215 S. Eastern Ave., 89123
BUYER RESG Corporation
SELLER Sabal Financial Group c/o Maroon VOC Holdings, LLC
DETAILS 26,053 SF; $2,550,000
APN 177-14-517-003
BUYER’S REP Chip Johnson of Real Estate Services Group
SELLER’S REP Michael Kammerling of Newmark Grubb Knight Frank

Lease, Industrial
ADDRESS 731 Pilot Rd, Suite I, 89119
TENANT Schneider Electric Buildings Americas Inc.
LANDLORD Hughes Airport Realty Owner LLC
DETAILS 5,555 SF; $261,584 for 65 months
TENANT’S REP Tyler Ecklund of CBRE
LANDLORD’S REP Kevin Higgins, SIOR and Garrett Toft of Voit Real Estate Services

SW

Sale, Multi-Family
ADDRESS 8301 W. Flamingo Rd., 89147
BUYER FF Realty II, LLC
SELLER 8301 W Flamingo Road Holdings, LLC
DETAILS 240 units; $24,500,000
APN 163-21-101-035
SELLER’S REP Art Carll and Patrick Sauter NAI Vegas

Lease, Retail
ADDRESS 4245 S. Grand Canyon Dr. Ste 100-101, 89147
TENANT T and J Beauty Concepts, LLC
LANDLORD E-Grand Ventures, LLC
DETAILS 4,844 SF; $380,066 for five years
TENANT’S REP Matt Nelson of J.A. Kennedy Real Estate
LANDLORD’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank

WC

Sale, Retail
ADDRESS 1236 Glendale Ave., 89431
BUYER First Creek Glendale LLC
SELLER Giguiere Enterprises LLC
DETAILS 13,440 SF; $1,115,000
APN 032-302-24

Sale, Retail
ADDRESS 2955 Vista Blvd., 89434
BUYER SMRS Properties LLC
SELLER Estes, Gary K
DETAILS 3,268 SF; $445,000
APN 030-032-19

Sale, Office
ADDRESS 1145 N. McCarran Blvd., 89503
BUYER Massie Family Trust
SELLER National Sierra LLC
DETAILS 8,140 SF; $3,075,000
APN 033-103-25
Sale, Office
ADDRESS 9480 Double Diamond Pkwy, 89521
BUYER EIG1 LLC
SELLER Creekside Development LLC
DETAILS 32,630 SF; $4,000,000
APN 163-020-17

Sale, Industrial
ADDRESS 637 E. Glendale Ave., 89431
BUYER MB&C Investments LLC
SELLER TOF Sparks LLC
DETAILS 9,600 SF; $1,214,400
APN 034-510-10

Sale, Industrial
ADDRESS 1381 Capital Blvd., 89502
BUYER KTR Reno LLC
SELLER Lawson Products Inc.
DETAILS 229,400 SF; $8,600,000
APN 012-351-14

Sale, Industrial
ADDRESS 400-450 Parr Blvd., 89512
BUYER Panattoni Development Company
SELLER Marketview Properties
DETAILS 169,027 SF; $4,350,000
APN 003-104-01
SELLER’S REP J. Michael Hoeck, SIOR of NAI Alliance

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Read the Nevada Real Estate and Development Report: August 2014 - Commercial real estate and development - projects, sales, and leases.

The post Nevada Real Estate & Development Report: August 2014 appeared first on Nevada Business Magazine.


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