MDL Group Articles - Nevada Business Magazine

Seven years into his career, Gary Banner, a Las Vegas-based commercial real estate broker, decided to pursue and began the requirements for becoming a Certified Commercial Investment Member (CCIM), a designation for professionals in the commercial and investment real estate industry. He finished three and a half years later, in 2004, after passing the hours-long final examination.

“The CCIM is considered the Ph.D. of commercial real estate education. I chose it because it says a lot about your skills, ability and commitment to this industry and this business of brokerage services,” said Banner …

Read the full Report

The post CCIM: Let’s Make a Deal appeared first on Nevada Business Magazine.

Projects

Las Vegas, 89101
Government
Las Vegas’ new City Hall has been chosen as the 2013 Public Works Project of the Year by the American Public Works Association. The eight-level, 308,000 SF building replaces the former City Hall that was constructed in 1971. The facility created office space for up to 570 staff members for the City of Las Vegas. The new structural design also provided a 430-seat, acoustically-tuned City Chamber. The $109.3 million project has achieved LEED Gold certification for its energy efficient structure. Forest City Enterprises served as developer for the project. Additionally, Whiting-Turner Contracting Company served as primary contractor and JMA Architects as the architect of record. The property is located at 495 S. Main Street.

Henderson, 89103
Retail
AJB General Contractor is remodeling a 6,130 SF commercial building and parking lot addition for a new Egg Works location. Upon completion, the restaurant will be the fourth location for the locally based restaurant chain. The property is located at 10839 S. Eastern Avenue.

Las Vegas, 89141
Government
Las Vegas Paving has begun construction on an Interstate-15 diamond interchange. Upon completion, the flyover will allow east and westbound traffic to pass over the I-15 at Cactus Avenue. Construction on the roadway is expected to finish fall of 2014 and will cost $62 million to complete. The project is located near the South Point Casino.

Nellis AFB, 89191
Government
Jaynes Corporation is building a jet hanger, maintenance and training complex at Nellis Air Force Base. Upon completion, the two-story air hanger will span 39,195 SF and stand 52 FT tall. The building will be equipped with multiple bays, a bridge crane and a 230 foot-wide sliding hangar door. The U.S. Army Corps of Engineers project also calls for a single-story, 19,126 SF Green Flag air-to-ground operations facility, which will house administrative spaces, an auditorium and briefing and locker rooms. Both buildings will cost $15,946,000 to complete. Construction is scheduled to conclude in August of this year. The property is located at 4475 England Avenue.

Sales

Las Vegas, 89109
Multi-Family
Big D in Vegas, LLC purchased 24-units from Vegas Venture Properties LLC for $800,000 or $33,333 per unit. The buyer and seller were both represented by Patrick J. Sauter and Art Carll of NAI Sauter Companies. The property is located at 2635-2655 Sherwood Street.
APN # 162-10-113-009 et all

Henderson, 89074
Office
Landmark Ventures, LLC purchased 6,064 SF from Camelat Family Trust for $578,200 or $95 PSF. The seller was represented by Nick Barber and Jeremy Foley of Gatski Commercial. The property is located at 1172 Wigwam Parkway.
APN # 178-15-710-021

Las Vegas, 89118
Office
Design to Print purchased 5,955 SF from Branch Banking and Trust Company for $435,000 or $73 PSF. Additionally, Design to Print purchased 4,872 SF from Willy Ng for $375,000 or $77 PSF. The buyer was represented by Lisa Hauger of MDL Group in both transactions. Branch Banking and Trust was represented by Sperry Van Ness and Willy Ng was represented by Sharon Beesley of Cushman & Wakefield. The properties are located at 6631 and 5025 Schuster Street, respectively.
APN # 177-06-516-020; 162-30-511-004

Las Vegas, 89121
Office
Advanced Management Group purchased 10,290 SF from the US Small Business Administration for $900,000 or $87 PSF. The buyer and seller were both represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group. The property is located at 4496 S. Pecos Road.
APN # 161-19-216-005

Las Vegas, 89146
Office
Novus Dia Financial purchased 4,282 SF from 6H Co. LLC for $575,000 or $134 PSF. The buyer was represented by Pete Janemark of Cushman & Wakefield and the seller was represented by Kevin Buckley of First Real Estate Company. The property is located at 2580 Sorrel Street.
APN # 163-11-103-016

Las Vegas, 89123
Retail
26 Pebble LLC purchased a 49-unit self storage facility from Fortress Equities LLC for $525,000 or $10,714 per unit. The buyer was represented by Evan Griffith of Marcus & Millichap and the seller was represented by Cameron Glinton of Marcus & Millichap. The property is located at 2870 West Pebble Road.
APN #177-17-801-008

Henderson, 89011
Industrial
Boulder Ranch, LLC purchased 3,072 SF from Tyson Smith for $211,000 or $69 PSF. The buyer was represented by Richard Loudin of Dick Blair Realty and the seller was represented by Jason Simon and Rob Lujan of Gatski Commercial. The property is located at 6484 Boulder Ranch Avenue.
APN # 161-34-610-033

Las Vegas, 89118
Industrial
AbsoQ, LLC purchased 9,075 SF from Vegas Investment Partners, LLC for $756,000 or $83 PSF. The buyer was represented by Ali Roesener and Laramie Bracken of Gatski Commercial and the seller was represented by Jay Heller of Heller Companies. The property is located at 4137 Wagon Trail Avenue.
APN # 177-06-512-012

Leases

Las Vegas, 89101
Office
Collectors Coffee Inc. leased 5,910 SF from NNN City Centre Place LLC for $471,299 on a three-year lease. The tenant was represented by Ben Milis of Newmark, Grubb, Knight, Frank and the landlord was represented by Amy Lance of CB Richard Ellis. The property is located at 400 S. 4th Street, Suite 100. Reported monthly rent is $2.22 PSF.

Las Vegas, 89104
Retail
TitleMax leased 4,600 SF from 4741 Charleston Acquisition LLC for $453,318 on a ten-year lease. The landlord was represented by David Lipp, CCIM and Chris Godino of Newmark, Grubb, Knight, Frank. The property is located at 4741 E. Charleston Boulevard. Reported monthly rent is $0.82 PSF.

Las Vegas, 89107
Retail
Las Palmas Entertainment leased 12,382 SF from Kimco Realty for $1,220,215 on a ten-year lease. The tenant was represented by Ron McMenemy of McMenemy Investment Services and the landlord was represented by Scot Marker of Colliers International. The property is located at 320 S. Decatur Boulevard. Reported monthly rent is $0.82 PSF.

Las Vegas, 89128
Office
University of Nevada School of Medicine leased 7,598 SF from Northwest I LLC for $620,781 on a five-year lease. The tenant was represented by Barton Hyde of Avison Young and the landlord was represented by Nicola Fryatt of Thomas & Mack. The property is located at 2410 Fire Mesa Street. Reported monthly rent is $1.36 PSF.

Las Vegas, 89148
Office
Kindred Hospital leased 7,719 SF from Beltway One Development Group, LLC for $840,000 on a five-year lease. The landlord was represented by Soozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM. The property is located at 9121 W. Russell Road, Suites 110 and 118. Reported monthly rent is $1.81 PSF.

Las Vegas, 89139
Retail
The Cato Corp. leased 4,500 SF from Blue Diamond Crossing LLC for $376,875 on a 67-month lease. The tenant was represented by Todd Manning and Dan Hubbard of Cushman & Wakefield and the landlord was represented by Josh Thomas of Juliet Realty. The property is located at 4262 Blue Diamond Road. Reported monthly rent is $1.25 PSF.

North Las Vegas, 89030
Industrial
Southern Nevada Movers leased 52,450 SF from Leonard Rental LLC for $226,584 on an 18-month lease. The tenant and the landlord were both represented by Amy Ogden and Danielle Steffen of Cushman & Wakefield. The property is located at 1037 E. Colton Avenue. Reported monthly rent is $0.24 PSF.

Las Vegas, 89103
Industrial
Ed Roman Enterprises, Inc. leased 8,141 SF from CVPropCo. LLC for $342,520 on a 84-month lease. The tenant was represented by Bill Walsh of New Growth Commercial Real Estate and the landlord was represented by Rob Lujan and Jason Simon of Gatski Commercial. The property is located at 3485 Harmon Avenue. Reported monthly rent is $0.50 PSF.

North Las Vegas, 89130
Industrial
Western Autowash Systems leased 5,065 SF from Red Feather Property LLC for $26,400 on a two-year lease. The tenant was represented by Paul Callister of Albright Callister & Associates and the landlord was represented by Peter Janemark of Cushman & Wakefield. The property is located at 3281 N. Decatur Boulevard. Reported monthly rent is $0.22 PSF.

The post Nevada Real Estate & Development Report: July 2013 appeared first on Nevada Business Magazine.

Colliers International – Las Vegas announced the finalization of a 125-month lease (NNN) to EBC Brakes USA Inc. The 65,270-square-foot industrial property is located at 6180 S. Pearl St., Suites A to C in the Arrowhead Commerce Center, Building 14. The total transaction value was $4,454,788. Jarrad Katz of MDL Group represented the lessee. Spencer Pinter, Dan Doherty, SIOR and Chris Lane of Colliers International represented the lessor, KTR LV I LLC.

About Colliers International

Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

For the latest news from Colliers International, visit colliers.com/us/news or follow us on Twitter: @ColliersIntl

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The post EBC Brakes USA Inc. signs a 125-month Lease appeared first on Nevada Business Magazine.

Mountain View Hospital

Projects

Las Vegas, 89128
Hospital
Mountain View Hospital has completed construction on the second phase of an emergency room expansion project. The expanded emergency room doubled the size of the previous space and will now house 42 private beds for patients. The expansion provided a “Fast Track” Care and Triage area to quickly assess patients by triage nurses. Construction on the project cost $70 million to complete. Layton Construction served as builder for the project. Following the ER expansion, the hospital also plans to renovate the lobby and admitting/registration areas. The hospital is located at 3100 N. Tenaya Way.

Reno, 89512
Non-Profit
United Construction Company has begun construction on the William N. Pennington facility for the Boys & Girls Club of Truckee Meadows. Upon completion, membership at the two-story, 55,000 SF facility is expected to increase by 27 percent which will benefit over 3,000 youths in southwest Reno. The project calls for a full gymnasium, commercial kitchen, multi-use classrooms, non-profit collaboration space and youth centers. Construction for the Pennington Facility has been primarily funded by local foundations and businesses. The sub-contractors serving on the project have donated their time and materials. Architectural Design Group of Sparks serves as architect of record. The project is expected to be completed early in Q2 of 2014 in preparation for a grand opening in May. The center is located at 2680 E. 9th Street.

Henderson, 89052
Office
Stable Development has broken ground on a 47,000 SF office headquarters for Prudential Americana Group and its parent company Americana Holdings. Upon completion, the building will feature energy efficient elements. The facility will be home to 500 real estate sales executives, employees and parent company staff members. The project is slated for completion in November. The office building will be located at the intersection of Seven Hills Drive and Horizon Ridge Parkway.

Eldorado Hotel Casino

Reno, 89501
Hotel
Eldorado Hotel Casino has allocated $1.3 million to complete phase one of room renovations on the property. The 217 remodeled rooms will receive several upgrades including new lighting and furniture. MBA Architecture & Interior Design will serve as contractor of the renovations. Construction is expected to be complete in mid-October and the second phase of renovations will begin in early 2014. The hotel and casino is located at 345 N. Virginia Street.

Sales

Las Vegas, 89129
Office
CSN Holdings, LLC purchased 10,720 SF from FFPW Medical Dev, LLC for $782,560 or $73 PSF. The buyer was represented by Jared Bergquist of New Growth Commercial Real Estate and the seller was represented by Laramie Bracken of Gatski Commercial. The property is located at 9050 W. Cheyenne Avenue.
APN # 138-08-417-013

Reno, 89502
Office
Commercial Owner LLC purchased 8,960 SF from NRES-NV1 LLC for $1,046,092 or $117 PSF. The property is located at 6770 S. McCarran Boulevard.
APN # 040-880-20

North Las Vegas, 89032
Retail
Fantasy Cakes & Pies Unlimited purchased 7,500 SF from California Coast Credit Union for $600,000 or $80 PSF. The buyer was represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group and the seller was represented by Nelson Tresslor and Michael Zobrist of Newmark, Grubb, Knight, Frank. The property is located at 2465 W. Craig Road.
APN # 139-05-716-006

Henderson, 89074
Retail
Roxbury Advisors LLC purchased 105,132 SF from Geddes Diversified LLC for $8,575,000 or $82 PSF. The buyer was represented by Pooya Dayanim of Pooya Dayanim & Associates and the seller was represented by David Grant and Phillip Dunning, CCIM of Colliers International. The property is located at 205-245 N. Stephanie Street.
APN # 178-09-811-003

Las Vegas, 89103
Retail
The Present Family Legacy Trust purchased 5,700 SF from Allan L. Dahle Trust for $1,450,000 or $254 PSF. The buyer was represented by Lisa Anderson of MDL Group and the seller was represented by Chris Hatch and Rob Sweeney of Virtus Commercial. The property is located at 4615 W. Flamingo Road.
APN # 162-19-101-025

Las Vegas, 89104
Retail
Zelzah Shrine Temple purchased 16,500 SF from City National Bank for $675,000 or $41 PSF. The buyer was represented by Daniel Kelly of Access Realty LLC and the seller was represented by Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate. The property is located at 2301-2327 S. Eastern Avenue.
APN # 162-01-401-003

Henderson, 89074
Industrial
Miller Living Trust purchased 8,764 SF from Boreal LLC for $620,000 or $71 PSF. The buyer was represented by Todd Boyer of ROI Commercial Real Estate and the seller was represented by Dan Doherty, SIOR and Chris Lane of Colliers International. The property is located at 96 Corporate Park Drive.
APN # 178-15-611-038

Las Vegas, 89103
Industrial
Shu Yen, LLC purchased 43,632 SF from MCA Arville LLC for $2,027,212 or $46 PSF. The buyer was represented by Garrett Toft of Voit Commercial and the seller was represented by Tim Behrendt of MDL Group. The property is located at 4440 Arville Street.
APN # 162-19-601-011

Leases

Henderson, 89074
Office
Pueblo Medical Imaging leased 6,484 SF from Parkway Medical LLC for $1,877,118 on a 10-year lease. The landlord was represented by Barton Hyde and Brandon McCool of Avison Young. The property is located at 100 N. Green Valley Parkway. Reported monthly rent is $2.41 PSF.

Las Vegas, 89101
Office
Westar Architectural Group/Nevada, Inc. leased 6,375 SF from B&R Receivership, LLC for $906,130 on a 35-month lease. The tenant was represented by Richard Truesdell of Cornerstone Company and the landlord was represented by Rob Lujan and Jason Simon of Gatski Commercial. The property is located at 400 S. 4th street. Reported monthly rent is $4.06 PSF.

Las Vegas, 89120
Office
Summit Partners LLC leased 6,270 SF from JCRCLLC Post for $139,194 on a three-year lease. The landlord was represented by Lisa Hauger and Tim Behrendt of MDL Group. The property is located at 3070 E. Post Road #100. Reported monthly rent is $0.62 PSF.

Henderson, 89014
Retail
Nevada Tire Holdings, LLC leased 5,700 SF from Sunset CV, LLC for $561,599 on a 63-month lease. The tenant was represented by Scot Marker of Colliers International and the landlord was represented by Rob Lujan and Jason Simon of Gatski Commercial. The property is located at 4501 E. Sunset Road. Reported monthly rent is $1.56 PSF.

Las Vegas, 89147
Retail
The Original Pancake House leased 4,990 SF from CML-NV Fort AR, LLC for $331,157 on a ten-year lease. The landlord was represented by Nick Barber and Jeremy Foley of Gatski Commercial. The property is located at 4170 S. Fort Apache Road. Reported monthly rent is $0.55 PSF.

Henderson, 89014
Industrial
Global Nutrition Group leased 32,563 SF from Harsch Investment Properties for $401,234 on a 39-month lease. The tenant was represented by James Dionne of Dionne Partners and the landlord was represented by Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International. The property is located at 880 Wigwam Parkway, Suite 130. Reported monthly rent is $0.32 PSF.

North Las Vegas, 89030
Industrial
WestDeck Concrete Coating leased 6,162 SF from Synergy Properties Inc. for $90,035 on a 39-month lease. The landlord was represented by Chris Connell of Colliers International. The property is located at 15 W. Brooks Avenue. Reported monthly rent is $037 PSF.

Las Vegas, 89109
Industrial
Barajas & Associates, Inc leased 12,821 SF from Highland Office LLC for $369,244 on a five-year lease. The tenant was represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group and the landlord was represented by Chuck Orne of Mendicino Commercial Realty. The property is located at 3073 S. Highland. Reported monthly rent is $0.48 PSF.

Las Vegas, 89113
Industrial
Red Bull Distribution Company Inc leased 33,465 SF from EJM Arroyo South I Property LLC for $1,157,120 on a 62-month lease. The tenant was represented by Susan Borst and Mike Hillis of Cushman & Wakefield Commerce and the landlord was represented by Spencer Pinter of Colliers International. The property is located at 7061 W. Arby Avenue, Suites 130-170. Reported monthly rent is $0.56 PSF.

Las Vegas, 89113
Industrial
Autonomy Technology Inc. leased 15,614 SF from EJM Arroyo South 1 Property LLC for $621,660 on a 62-month lease. The tenant was represented by Mike Tabeek, CCIM of Newmark, Grubb, Knight, Frank and the landlord was represented by Spencer Pinter of Colliers International. The property is located at 6980 W. Warm Springs Road, Suites 160 and 170. Reported monthly rent is $0.64 PSF.

Las Vegas, 89120
Industrial
EBC Brakes USA, Inc leased 65,270 SF from KTR LV I LLC for $4,454,788 on a 125-month lease. The tenant was represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group and the landlord was represented by Spencer Pinter and Dan Doherty, SIOR of Colliers International. The property is located at 6180 S. Pearl Street, Suite A-C. Reported monthly rent is $0.55 PSF.

Las Vegas,
Industrial
Shelby American leased 135,000 SF from GKT II and GKT II Acquisitions for $4,151,481 on a five-year lease. The tenant was represented by Greg Tassi of CB Richard Ellis and the landlord was represented by Dan Doherty, SIOR and Chris Lane of Colliers International. The property is located at 6405 Ensworth Street. Reported monthly rent is $0.51 PSF.

The post Nevada Real Estate & Development Report: August 2013 appeared first on Nevada Business Magazine.

Projects

Las Vegas, 89129
Government
J.A. Tiberti Construction has completed renovations on the Durango Hills Water Resource Center. Facility improvements totaled $9.1 million and included construction of two new 8,800 SF structures. The water center was kept open during the 13-month project. MWH Americas served as architect of record. The facility is located at 3271 N. Durango Drive.

Las Vegas, 89169
Office
Jaynes Corp. is completing an all over renovation on the Sands Expo Convention Center. Construction will include a complete demolish and rebuild of the meeting spaces, executive offices and business centers. The project is being completed in two phases and is expected to finish in September. Renovations will cost $25 million to complete. Gensler is the architect of record. The property is located at 201 Sands Avenue.

Las Vegas, 89183
Retail
Gillett Construction is constructing a new $30 million dollar bowling arena at the South Point Hotel and Casino. Upon completion, the two-story arena will feature 60 bowling lanes, stadium-style seating, locker room facilities and a 25,000 SF registration area. The bowling center is expected to open in the fall of 2015. Leo A. Daly is the architect of record. The property is located at 9777 S. Las Vegas Boulevard.

Reno, 89502
Retail
United Construction has broken ground on the new 29,000 SF aircraft hangar and two-story, 13,000 terminal for Atlantic Aviation. The airport addition will allow for more business travel through Reno and boost local tax revenues. Construction is expected to conclude in March 2014 and will cost $9 million to complete. The building will be located at the Reno-Tahoe International Airport at 2001 E. Plumb Lane.

Sales

Las Vegas, 89101
Office
610S 9th LLC purchased 8,000 SF from Hardy Living Trust for $1 million or $125 PSF. The seller was represented by Ric Rushton of Gatski Commercial. The property is located at 610 S. 9th Street.
APN # 139-34-801-008

Las Vegas, 89108
Office
Neubauer Building LLC purchased 10,638 SF from Garry Thyne for $275,000 or $26 PSF. The buyer was represented by Tony Hama of Sperry Van Ness and the seller was represented by Jeff Berg and Mica Berg of Sun Commercial Real Estate. The property is located at 5426 Vegas Drive.
APN # 138-24-403-030

Nevada ReD Report September 2013: Commercial real estate and development - projects, sales, and leases.

Colonial Plaza Office

Las Vegas, 89147
Office
MIG Real Estate purchased 110,738 SF from Colonial Plaza Office CTR LLC for $3 million or $27 PSF. The property is located at 4670 and 4730 S. Fort Apache Road.
APN # 163-20-315-004

Sparks, 89431
Office
Schnabel Ventures purchased 115,496 SF from Truckee Meadows Business Park, LLC for $3,350,000 or $29 PSF. The property is located at 200-300 Coney Island Drive.
APN # 034-410-10 et all

Reno, 89521
Office
Michael R. Sullivan Family Trust purchased 5,621 SF from G3 Properties LLC for $566,000 or $101 PSF. The property is located at 9440 Double R Boulevard.
APN # 163-190-09

Las Vegas, 89147
Retail
Garden Flowers Blossom LV, LLC purchased 4,500 SF from Evergreen 28 LP for $387,000 or $86 PSF. The seller was represented by Timothy Behrendt and Lisa Hauger of MDL Group. The property is located at 4375 S. Buffalo Drive.
APN # 163-21-619-011

Reno, 89502
Retail
TJR Holdings LLC purchased 6,332 SF from Rankin Nevada Holdings LLC for $1,750,000 or $276 PSF. The property is located at 795 E. Moana Lane.
APN # 020-221-33

Reno, 89512
Retail
Kevin D and Dianne L Higgins purchased 9,940 SF from Michel Brothers Enterprise LLC for $570,000 or $57 PSF. The property is located at 608 E. 5th Street.
APN # 008-242-01

Reno, 89512
Retail
Five Eureka LLC purchased 21,636 SF from Grant Davis, et al for $550,000 or $25 PSF. The property is located at 750 E. 5th Street.
APN # 008-243-02

Las Vegas, 89117
Retail
T&T The Lakes LLC purchased 7,215 SF from Bagels LLC for $3.7 million or $513 PSF. The buyer was represented by Yvette Major of Re/Max Advantage and the seller was represented by Chris Emanuel of Virtus Commercial. The property is located at 9031 W. Sahara Avenue.
APN # 163-08-121-014

Las Vegas, 89115
Industrial
Ying Family Trust and Benjamin Ying purchased 5,940 SF from Bank of George for $310,000 or $52 PSF. The seller was represented by Soozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM of Commercial Executives. The property is located at 4950 E. Cartier Avenue.
APN # 140-17-710-006

Sparks, 89434
Industrial
Vision Quest Pacific LTD purchased 5,194 SF from Wells Fargo Bank for $340,000 or $65 PSF. The property is located at 523 Vista Boulevard.
APN # 037-370-06

Reno, 89512
Industrial
T&T Capital LLC purchased 12,702 SF from Frontier Land & Livestock Co. for $562,000 or $44 PSF. The property is located at 315 Spokane Street.
APN # 008-254-05

Las Vegas, 89121
Multi-Family
Miracle Mile MHC LLC purchased 463-mobile home spaces from Four Mile LLC for $21.5 million or $46,436 per space. The seller was represented by Bridget Richards, CCIM and Jason Lesley, CCIM of New Growth Commercial Real Estate. The property is located at 3642 Boulder Highway.
APN # 161-07-105-002

Las Vegas, 89169
Multi-Family
Resort Corridor Holdings, LLC purchased 342-units from SNIP Cobblestone LP for $21.6 million or $63,158 per unit. The seller was represented by NAI Sauter. The property is located at 4200 S. Paradise Road.
APN # 162-22-104-004

Leases

Las Vegas, 89101
Office
Southern Nevada Senior Law Program leased 6,967 SF from Bonneville Square LLC for $769,157 on a 51-month lease. The tenant and the landlord were both represented by Chris Emanuel of Virtus Commercial. The property is located at 411 E. Bonneville Avenue. Reported monthly rent is $2.16 PSF.

Las Vegas, 89102
Office
Las Vegas Rehabilitation Partners leased 9,626 SF from WBCMT 2007-C33 Charleston Blvd. LLC for $712,553 on a 63-month lease. The landlord was represented by Bob Hawkins and Neil Sorkin of Cushman & Wakefield-Commerce. The property is located at 3811 W. Charleston Boulevard, Suite 100. Reported monthly rent is $1.17 PSF.

89030
Retail
Wild Wash Laundromat leased 5,448 SF from Weingarten Nostat Inc. for $526,822 on a 10-year lease. The landlord was represented by Chris Godino and David Lipp, CCIM of Newmark Grubb Knight Frank. The property is located at 2123 E. Lake Mead Boulevard. Reported monthly rent is $0.81 PSF.

Las Vegas, 89118
Retail
Charlie’s Las Vegas leased 5,400 SF from Onaka Clarence S Rev Living Trust/Bell Enterprise LLC for $263,370 on a five-year lease. The landlord was represented by Kara Walker, CCIM of Newmark Grubb Knight Frank. The property is located at 5012 Arville Street, Suite 4-6. Reported monthly rent is $0.81 PSF.

Las Vegas, 89123
Retail
Nationwide Group Service leased 4,000 SF from Reliable Investment and Management LLC for $225,000 on a five-year lease. The landlord was represented by Soozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM of Commercial Executives. The property is located at 8130 S. Eastern Avenue. Reported monthly rent is $0.94 PSF.

North Las Vegas, 89030
Industrial
J.C.H Enterprises leased 16,016 SF from Harsch Investment Properties for $170,833 on a 38-month lease. The tenant was represented by Eric Molfetta of Colliers International and the landlord was represented by Dean Willmore, SIOR of Colliers International. The property is located at 2711 E. Craig Road, Suites H to J. Reported monthly rent is $0.28 PSF.

North Las Vegas, 89081
Industrial
Columbia River Logistics leased 32,772 SF from Golden Triangle Industrial Park LLC for $117,979 on a one-year lease. The tenant was represented by Art Farmanali, SIOR of Cushman & Wakefield-Commerce and the landlord was represented by Donna Alderson, SIOR of CB Richard Ellis. The property is located at 4980 Statz Street, Suite 120. Reported monthly rent is $0.30 PSF.

Las Vegas, 89102
Industrial
P&R Paper Company leased 31,000 SF from NLV Sagebrush LLC for $286,130 on a three-year lease. The tenant was represented by Mark Kincaid of Integrity Real Estate and the landlord was represented by Dan Doherty, SIOR and Chris Lane of Colliers International. The property is located at 4432 Calimesa Street. Reported monthly rent is $0.26 PSF.

Las Vegas, 89118
Industrial
Stratum Textiles leased 5,595 SF from Design to Print, Inc. for $104,212 on a 37-month lease. The landlord was represented by Timothy Behrendt and Lisa Hauger of MDL Group. The property is located at 6631 Schuster Street. Reported monthly rent is $0.50 PSF.

Las Vegas, 89118
Industrial
Harco Americas Inc. leased 7,765 SF from Seashore Holdings, Inc. for $140,701 on a three-year lease. The landlord was represented by Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate. The property is located at 4260 Wagon Trail Avenue. Reported monthly rent is $0.50 PSF.

Las Vegas, 89120
Industrial
American Reprographics Company leased 4,254 SF from PFRS Patrick Center Corp. for $66,352 on a 39-month lease. The tenant was represented by Lisa Gilstrap, CCIM of Lee and Associates and the landlord was represented by Dan Doherty, SIOR of Colliers International. The property is located at 2925 Patrick Lane, Suites A and B. Reported monthly rent is $0.40 PSF.

The post Nevada Real Estate & Development Report: September 2013 appeared first on Nevada Business Magazine.

Projects

Henderson, 89052
Hospital
Burke Construction has begun construction on the Seven Hills Behavioral Institute Expansion project. Plans for the project include the conversion of an existing one story, 15,000 SF office building to an institutional occupancy building. Upgrades will provide additional space for 36 new inpatient psychiatric beds located within two nursing units. The $3.9 million project will include a 2,415 SF enclosed pedestrian walkway to link the existing hospital to the new expansion. The project is expected to be complete by January of 2014. Chris Malicki of Stengel Hill Architecture serves as architect of record. The property is located at 3021 W. Horizon Ridge Parkway.

North Las Vegas, 89030
Office
Jaynes Corp. has completed a renovation for Derse Headquarters. The project updated 133,400 SF of the 10-year old building in order to create a combined office and industrial space for the Milwaukee-based exhibit and event marketing company. Renovations cost $945,000 to complete. Lee & Sakahara served as the architect of record. The property is located at 3200 E. Gowan Road, Suite 109-115.

Las Vegas, 89101
Office
PENTA Building Group has completed Zappos.com’s $43.5 million update to the former City Hall building in downtown Las Vegas. Renovations began in March 2012, updating the 276,500 SF complex with modern electrical and mechanical systems, as well as the installation of a new roof, flooring and fixtures. KMD served as the architect on record. The property is located at 400 E. Stewart Avenue.

Boulder City
Other
Sempra U.S. Gas & Power is constructing Copper Mountain 3, a 250-megawatt power plant. This third phase of the Copper Mountain Solar complex is expected to be complete in early 2015 and will generate enough electricity to power about 80,000 homes. Upon completion, the plant will be one of the biggest solar photovoltaic power plants in the world. The property spans 1,400 acres in the Boulder City desert.

Sales

Las Vegas, 89109
Office
Proview Series 26 LLC purchased 43,168 SF from Zions First National Bank for $1,390,000 or $32 PSF. The buyer was represented by Charles J. Conors of Marcus & Millichap and the seller was represented by Tim Erickson and Tina D. Taylor of Marcus & Millichap. The property is located at 2235 E. Flamingo Road.
APN# 162-23-503-006

Las Vegas, 89128
Office
JAM Properties International LLC purchased 29,482 SF from South Shore Professional Center LLC for $2,890,000 or $98 PSF. The buyer was represented by Jody Wallace, Jr. of Exit Realty and the seller was represented by Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate, Inc. The property is located at 8440 W. Lake Mead Boulevard.
APN# 138-21-211-003

Las Vegas, 89130
Office
TIB, LLC purchased 3,714 SF from Zions National Bank for $380,000 or $102 PSF. The buyer was represented by Adam Malan of The Equity Group and the seller was represented by C. Roger Jeffries III of Sun Commercial Real Estate. The property is located at 7435 w. Azure Drive, Suite 190.
APN# 125-27-114-013

Sparks, 89436
Office
Presbytery of Nevada Inc purchased 5,912 SF from First Independent Bank for $950,000 or $161 PSF. The property is located at 4884 Sparks Boulevard.
APN# 516-470-03

Reno, 89502
Office
Northpointe Sierra Investments LLC purchased 13,000 SF from Bre/Reno Property Owner LLC for $855,000 or $66 PSF. The property is located at 1200 Financial Boulevard.
APN# 012-401-25

Reno, 89511
Office
601 Sierra Rose LLC purchased 18,348 SF from Branch Banking & Trust Co for $2.7 million or $147 PSF. The property is located at 601 Sierra Rose Drive.
APN# 040-941-36

Sun Valley, 89433
Retail
Realty Income Trust 2 purchased 8,320 SF from Family Dollar Inc for $1,797,000 or $216 PSF. The property is located at 5330 Sun Valley Boulevard.
APN# 085-155-32

Reno, 89523
Retail
Sierra Field Services Inc. purchased 166,421 SF from Troy Cmbs Property LLC for $4,000,000 or $24 PSF. The property is located at 4855 Summit Ridge Drive.
APN# 400-040-07

Henderson, 89011
Industrial
JG & Partners LLC purchased 12,300 SF from Brandon T Keith, Heather J Keith, De Oro 123 for $865,000 or $70 PSF. The buyer was represented by Peter Guzman of Wardley Real Estate and the seller was represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group. The property is located at 611 Cape Horn Drive.
APN# 178-02-410-009

Henderson, 89074
Industrial
FR & Associates, LLC purchased 4,220 SF from BR2 W Traverse II 9 LLC for $450,000 or $107 PSF. The seller was represented by Dana Souter of Fortis Commercial Advisors. The property is located at 1050 Wigwam Parkway.
APN # 178-15-710-044

Las Vegas, 89122
Industrial
NGP Stephanie Property LLC purchased 4.74 acres from City National Bank for $350,000 or $73,839 per acre. The buyer was represented by Dean Willmore, SIOR of Colliers International and the seller was represented by Brian Riffel and Michael Stuart of Colliers International. The property is located at 5450 Stephanie Street.
APN# 161-27-314-003

Las Vegas, 89121
Multi-Family
McCulloch Hall Properties, LLC purchased 128-units from CC Apartments, LLC for $4,500,000 or $35,156 per unit. The seller was represented by NAI Sauter Companies. The property was located at 3149 E. Desert Inn Road.
APN # 162-13-503-006

Leases

Henderson, 89074
Office
Bernstein, Pokroy, & Lerhner Ltd. leased 5,247 SF from Parkway Medical LLC for $928,090 on a 72-month lease. The tenant was represented by Jarrad Katz, CCIM of MDL Group and the landlord was represented by Barton Hyde and Brandon McCool of Avison Young. The property is located at 100 N. Green Valley Parkway, Suites 310-320. Reported monthly rent is $2.46 PSF.

Henderson, 89074
Office
JSA Healthcare Nevada leased 4,746 SF from CW Capital Asset Management for $330,891 on five-year lease. The tenant was represented by Dan Palmeri, CCIM, SIOR and Mike Dunn, CCIM, SIOR of Cushman & Wakefield-Commerce and the landlord was represented by Randy Broadhead, SIOR of CB Richard Ellis’. The property was located at 9077 S. Pecos Road, Suite 3800. Reported monthly rent is $1.16 PSF.

Las Vegas, 89102
Office
The State of Nevada Public Works Division leased 17,040 SF from Sahara Rancho Office Center LLC for $4,110,048 on a 10-year lease. The landlord was represented by Chris Connell, CCIM, SIOR of Colliers International. The property is located at 2200 S. Rancho Drive, Suites 210 and 220. Reported monthly rent is $2.01 PSF.

Las Vegas, 89169
Office
Cooksey, Toolen, Gage, Duffy & Woog leased 6,216 SF from Crescent Real Estate Equities LP for $597,537 on a 39-month lease. The tenant was represented by Jarrad Katz and Galit Kimerling of MDL Group. The property is located at 3930 Howard Hughes Parkway, Suite 200. Reported monthly rent is $2.46 PSF.

Henderson, 89052
Retail
Golden Route Operations LLC leased 6,800 SF from Half Shell Entertainment Group Inc. for $1,617,804 on a ten-year lease. The landlord was represented by Scot Marker of Colliers International. The property is located at 10430 S. Eastern Avenue. Reported monthly rent is $1.98 PSF.

North Las Vegas, 89103
Industrial
TheLaundryList.com leased 10,280 SF from Venture Point LLC for $157,110 on a 38-month lease. The tenant was represented by Chris Lexis and Joe Leavitt of Avison Young and the landlord was represented by Leo Biedermann of Cushman & Wakefield-Commerce. The property is located at 6250 Tropical Parkway. Reported monthly rent is $0.40 PSF.

Las Vegas, 89119
Industrial
Allied Wire & Cable Inc. leased 12,555 SF from EJM Spencer Helm Property LLC for $247,902 on a 37-month lease. The landlord was represented by Dan Doherty, SIOR and Chris Lane of Colliers International. The property is located at 1650 Helm Drive, Suite 1200. Reported monthly rent is $0.53 PSF.

Las Vegas, 89115
Industrial
Advanced Wheel Sales LLC leased 31,500 SF from Natomas Creek Nevada LLC for $587,998 on a 64-month lease. The tenant was represented by Zac Zaher of Voit Real Estate and the landlord was represented by Dean Willmore, SIOR and Eric Molfetta of Colliers International. The property is located at 3030 N. Lamb Boulevard, Suite 106. Reported monthly rent is $0.29 PSF.

Las Vegas, 89120
Industrial
Special Dispatch of California leased 39,929 SF from KTR LV III LLC for $1,278,522 on a 64-month lease. The tenant was represented by Gabe Telles and Dan Doherty, SIOR of Colliers International and the landlord was represented by Spencer Pinter and Jerry Doty of Colliers International. The property is located at 3755 E. Post Road, Suites 140 and 150. Reported monthly rent is $0.50 PSF.

The post Nevada Real Estate & Development Report: October 2013 appeared first on Nevada Business Magazine.

Hayim Mizrachi

The Commercial Alliance Las Vegas (CALV) has announced its new officers and directors for 2014, with longtime member and commercial real estate executive Hayim Mizrachi serving as president of the commercial real estate organization starting Jan. 1.

Mizrachi, who is president and a principal of the MDL Group commercial real estate firm in Las Vegas, previously served as president-elect and as a director of CALV’s board. He is a UNLV graduate who works as a broker and has managed commercial real estate firms in Las Vegas for several years. His professional affiliations and designations include being a Certified Commercial Investment Member, or CCIM.

Here are the other members of the 2014 CALV board of directors, including their professional designations, their company and their position on the CALV board:

· Bobbi Miracle, CCIM, Commercial Executives Real Estate Services – president-elect

· Soozi Jones Walker, CCIM and Society of Industrial and Office REALTORS® (SIOR), Commercial Executives Real Estate Services – treasurer

· Paul Bell, Risk Reduction Graduate (RRG), Certified Residential Specialist (CRS), Graduate REALTOR® Institute (GRI), Resort and Second-home Property Specialist (RSPS), and Short Sales and Foreclosure Resource (SFR), Prudential American Group – director

· Kevin Buckley, First Real Estate Companies – director

· Chris McGarey, CCIM and Certified Property Manager (CPM), Prudential American Group – director

· Jennifer Ott, ROI Commercial Real Estate – director

· Tedd Rosenstein, CCIM, Nevada Development and Realty Company – past president

About the Commercial Alliance Las Vegas
The Commercial Alliance Las Vegas (CALV) is the commercial real estate division of the Greater Las Vegas Association of REALTORS®. It organizes and empowers the industry in Southern Nevada through education, networking, promoting professionalism and shaping public policy. Membership in CALV is open to REALTORS® and non-REALTORS® alike. For more information, visit www.calv.org.

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The post CALV names new board for 2014 appeared first on Nevada Business Magazine.

HENDERSON, Nev. – Leadership Henderson recently announced its class of 2014, the 14th graduating class of the program offered by the Henderson Chamber of Commerce Foundation. The 28 community and business leaders will receive more than 30 hours of professional leadership development training, which began with a two-day kickoff event in October and will continue through May. During the next seven months, participants will meet with Southern Nevada’s decision makers and learn about Henderson’s key topics and infrastructure.

The Leadership Henderson program works to strengthen and educate community leaders by providing participants with in-depth insights into a variety of issues impacting residents of Henderson and Southern Nevada.

Class participants include Angela Brommel, director of community outreach and major events for Nevada State College; Dr. Carrie Buck, principal of Sewell Elementary School; Natasha Conner, property manager for Harsch Investment Properties; Keith Copeland, assistant director of document management for Opportunity Village; Chris Fortier, senior advisor to the 6th Recruiting Brigade Family Readiness; Tom Gathright, production manager for Olin Corporation; John Holmstrom, maintenance manager for Tronox; John Hughes, project manager for power origination for NV Energy; Brian Huse, chief information officer for Arroweye Solutions, Inc.; Chris Johnson, president of Real Capital Corp.; Jarrad Katz, senior vice president for MDL Group; Darlene Magolski, business development manager for Manpower Inc. of Southern Nevada; Justin Miller, general manager for A First Impression; David Ortlipp, financial advisor for Thrivent Financial; David Patterson, associate director of admissions for DeVry University; Micah Phillips, production management manager and vice president for Nevada State Bank; Huston Pullen, economic development specialist for UNLV; Sherry Ramsey, CFO for Goodwill Industries of Southern Nevada; Jeff Robey, manager revenue integrity for St. Rose Dominican Hospitals; Lester Romero, small business manager for Wells Fargo Bank; Josh Ruter, interim campus manager for College of Southern Nevada; Thomas Sizemore; team leader telecom IT for NV Energy; Honorable Mark Stevens, municipal court judge for City of Henderson; Patrick Thompson, director of operations for National Healthcare Access Inc.; Caprice Thurlow, business development manager for Thurlow Wealth Management; Cindy Wallace, director of fixed route services for RTC of Southern Nevada; Anne Weber, image manager for St. Rose Dominican Hospitals; and Diana Weeks, client relations manager for Imagine Communications.

“Leadership Henderson delivers a unique network experience for the business elite,” said Rebecca Fay, director of the Henderson Chamber of Commerce Foundation and a 2007 graduate “I am very proud to have been the director of this program for more than seven years. I very much look forward to working with such exemplary people.”

During the experience, participants will choose a local organization to partner with as part of their service to the community. The Class of 2013 aligned with the Brown Junior High, fundraising and purchasing new instruments for the orchestra program. Thousands of dollars have gone back into the community by way of the projects that have developed out of the Leadership Henderson program.

“The success of the program lies with the volunteers who support it,” Fay said. “This is an alumni-driven program. We rely heavily on the talents and resources of our alumni to continue the program’s success.”

Leadership Henderson is governed by the Henderson Chamber Foundation Board and guided by a steering committee. The majority of the participants have been identified and recruited by alumni of the program and all were chosen through a selective application and interview process.

“Our alumni have a great grasp on the type of individuals who will not only benefit from this development program, but in turn, will ultimately lend their talents to the vision of Leadership Henderson, which is to continue building our community for years to come,” said John Harvey, Leadership Henderson steering committee chairman and a 2009 program graduate.

For more information on the Leadership Henderson program, contact Rebecca Fay at 565-8951 or www.hendersonchamber.com.

Leadership Henderson s a non-profit organization that operates under the Henderson Chamber of Commerce Foundation.

The post Henderson Chamber Announces 14th Leadership Henderson Class appeared first on Nevada Business Magazine.

Projects

Las Vegas, 89109
Tutor Perini Building Corp. has begun construction on the third phase of the Marriott’s Grand Chateau, the first vertical construction to occur on the Las Vegas Strip since 2008. Construction is projected for completion mid-2014, and will add 233 tower villas for a total of 643 units at the timeshare resort. The tower villas range from one- to three-bedroom units with each having its own dining and living area, LED televisions and washer and dryers. Three-bedroom villas can accommodate up to 10 guests. KHS&S Contractors serves as the primary subcontractor on the project. The property spans 3.3 acres at 75 E. Harmon Avenue.

Sales

Las Vegas, 89107
Office
500 Corporate Center LLC purchased 85,842 SF from U.S. Bank for $6,850,000 or $80 PSF. The buyer was represented by Chris Johnson of Real Capital Corporation. The property is located at 500 N. Rainbow Boulevard.
APN# 138-26-302-001

Las Vegas, 89117
Office
My G. Tran, D.D.S., PC purchased 8,381 SF from Eyes on Sahara LLC for $1,257,150 or $150 PSF. The seller was represented by Laramie Bracken and Ali Roesener of Gatski Commercial. The property is located at 7545 W. Sahara Avenue.
APN# 163-10-103-004

Las Vegas, 89118
Office
Kirvin Doak Communications purchased 18,334 SF from One Nevada Credit for $1,320,000 or $72 PSF. The buyer was represented by Mike Delew and Greg Pancirov of Colliers International and the seller was represented by Jeff Berg and Mica Berg of Sun Commercial Real Estate. The property is located at 5230 W. Patrick Lane.
APN# 163-36-610-004

Las Vegas, 89119
Office
MVP Reit purchased 22,000 SF from Devonshire LLC for $6.4 million or $291 PSF. The property is located at 8925 W. Post Road.
APN# 163-32-810-007

Las Vegas, 89169
Office
The Blackstone Group purchased 1.4 million SF from Barclays Capital and Goff Capital Partners for $347 million or $248 PSF. The property is located at 3800 Howard Hughes Parkway.
APN# 162-16-712-003

Reno, 89521
Office
Bruun-Andersen Family Estates Estate purchased 5,316 SF from Cashell Investments LLC for $750,000 or $141 PSF. The property is located at 900 Damonte Ranch Parkway.
APN# 140-173-08.

Reno, 89506
Retail
R&P Byers Bypass Trust purchased 8,320 SF from T & N Stead LLC for $1,640,000 or $197 PSF. The property is located at 10525 Stead Boulevard.
APN# 090-150-31

Reno, 89508
Retail
ARC FDCSPNVOO1 LLC purchased 8,000 SF from T & N Cold Springs LLC for $1,245,594 or $156 PSF. The property is located at 3395 White Lake Parkway.
APN# 087-031-25

Henderson, 89011
Industrial
Lake Las Vegas Property Investments LLC purchased 17,500 SF from T. Danny Tai 7 Victoria H Tai Revocable Trust for $1,452,500 or $83 PSF. The buyer was represented by Eric Molfetta, SIOR of Colliers International and the seller was represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group. The property is located at 7541 Eastgate Road.
APN# 178-11-115-024

Las Vegas, 89101
Industrial
Wade Henriksen purchased 7,400 SF from Beta Rains LLC for $360,000 or $49 PSF. The buyer was represented by Mike McLeod, CCIM of Albright Callister & Associates and the seller was represented by Nick Barber and Jeremy Foley of Gatski Commercial. The property is located at 63 and 65 N. 30th Street.
APN# 139-36-402-005, 139-36-402-006

Las Vegas, 89118
Industrial
JD Industrial LLC purchased 9,339 SF from Business Property Lendinc Inc. for $820,000 or $88 PSF. The buyer was represented by Dan Doherty, SIOR and Chris Lane of Colliers International. The property is located at 6671 Schuster Street.
APN# 177-06-516-005

Reno, 89523
Industrial
Garlock Printing & Converting, West purchased 48,000 SF from Garlock Printing & Converting for $2,300,000 or $48 PSF. The property is located at 127 Woodland Avenue.
APN# 212-050-03

North Las Vegas
Vacant Land
Insight Investment Partners LLC purchased 78 acres from NLV Parcel 5.03 LLC and Parcel NVL 1.13 LLC for $7.8 million or $2.30 PSF. The buyer was represented by Brian Riffel of Colliers International and the seller was represented by Michael Stuart of Colliers International.

Las Vegas, 89131
Vacant Land
Verlaine LLC purchased 10 acres from Douglas Bowler, Kimball S Davis Family Trust and Lameduck A13145 Investors, LLC for $1,620,000 or $3.72 PSF. The buyer was represented by Levi Parker of Las Vegas Investments & Realty, Inc. The property is located at N. Bradley Road and W. Iron Mountain Road.
APN# 125-01-402-009

Leases

Las Vegas, 89107
Office
Fidelity National Title Insurance Co. leased 6,996 SF from US Bank National Association for $695,913 on a 64-month lease. The tenant was represented by Kathryn Snyder of Onion Realty Group and the landlord was represented by Rob Lujan and Jason Simon of Gatski Commercial. The property is located at 500 N. Rainbow Boulevard. Reported monthly rent is $1.55 PSF.

Las Vegas, 89115
Office
Talescris Plasma Resources leased 11,000 SF from Manaso Investments LLC for $752,663 on a five-year lease. The tenant was represented by Carla Coel of CB Richard Ellis and the landlord was represented by Chris Godino and David Lipp, CCIM of Newmark Grubb Knight Frank. The property is located at 3250 N. Las Vegas Boulevard , Suite A. Reported monthly rent is $1.14 PSF.

Las Vegas, 89121
Office
Choices Group, Inc. leased 10,063 SF from Desert Inn Office LLC for $909,744 on a five-year lease. The tenant was represented by Bobbi Miracle, CCIM of Commercial Realty Executives and the landlord was represented by Nick Barber and Jeremy Foley of Gatski Commercial. The property is located at 2725 E. Desert Inn Road. Reported monthly rent is $1.43 PSF.

Las Vegas, 89130
Office
Olive Crest leased 7,863 SF from SLP Northbrooke 5 LLC for $210,335 on a three-year lease. The tenant was represented by Elizabeth Moore of Newmark Grubb Knight Frank and the landlord was represented by Tim Behrendt and Lisa Hauger of MDL Group. The property is located at 4285 Rancho Drive, Suite 160. Reported monthly rent is $0.74 PSF.

Las Vegas, 89147
Retail
Hot Pilates & Yoga leased 5,850 SF from Karlin Grand Canyon LLC for $451,035 on a 66-month lease. The tenant was represented by Todd Boyer of R.O.I. Commercial Real Estate and the landlord was represented by Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank. The property is located at 4245 S. Grand Canyon Drive, Suite 118-120. Reported monthly rent is $1.17 PSF.

Henderson, 89014
Industrial
O’Hagin LLC leased 24,079 SF from Harsch Investment Properties LLC for $341,653 on a 39-month lease. The tenant was represented by Cathy Jones, CCIM of Sun Commercial Real Estate Inc. and the landlord was represented by Michael De Lew, SIOR and Greg Pancirov, CCIM, SIOR of Colliers International. The property is located at 880 Wigwam Parkway, Suite 100. Reported monthly rent is $0.36 PSF.

North Las Vegas, 89030
Industrial
Redline Wheels leased 5,896 SF from The Kuwasaki Familiy LP for $42,750 on a 25-month lease. The tenant was represented by Joe Griffis of Griffis Realty Investments and the landlord was represented by Kara Walker, CCIM of Newmark Grubb Knight Frank. The property is located at 4222 Losee Road, Suite I. Reported monthly rent is $0.29 PSF.

Las Vegas, 89110
Industrial
OSA West Inc. leased 56,725 SF from KTR LV II LLC for $1,860,483 on a 5-year lease. The landlord was represented by Spencer Pinter and Dan Doherty, SIOR of Colliers International. The property is located at 6275 S. Sandhill Road. Reported monthly rent is $0.55 PSF.

Las Vegas, 89113
Industrial
Anazao Health Corp. leased 27,111 SF from EJM Arroyo North I Property LLC for $2,665,116 on a 10-year lease. The tenant was represented by Spencer Pinter of Colliers International and the landlord was represented by Frank Hayden of Commercial Asset Managers. The property is located at 7465 W. Sunset Road, Suites 800-1200. Reported monthly rent is $0.82 PSF.

Las Vegas, 89115
Industrial
Updike Distribution leased 52,800 SF from ProLogis for $52,060 on a three-month lease. The tenant was represented by Dean Willmore, SIOR and Renae Russo of Colliers International and the landlord was represented by Dan Doherty, SIOR and Chris Lane of Colliers International. The property is located at 2951 N. Marion Drive, Suites 109-113. Reported monthly rent is $0.33 PSF.

The post Nevada Real Estate & Development Report: November 2013 appeared first on Nevada Business Magazine.

LAS VEGAS – Colliers International – Las Vegas announced the finalization of a 38-month lease (NNN) to White Management Group LLC. The 4,646-square-foot industrial property is located at 7665 Commercial Way, Suite H in the Valley Freeway Commerce Center. The total transaction value was $70,962. Mike Delew of Colliers International represented the lessee. Jarrad Katz and Gailt Kimerling of MDL Group represented the lessor, Harsch Investment Properties LLC.

About Colliers International

For the latest news from Colliers International, visit colliers.com/us/news or follow us on Twitter: @ColliersIntl

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The post White Management Group Joins Valley Freeway Commerce Center appeared first on Nevada Business Magazine.

Projects

Las Vegas, 89110
Government
CORE Construction began building Fire Station 108 in conjunction with National Fire Prevention Week in October 2013. The project was initially placed on hold due to economic conditions in 2009. Construction is projected for completion on August 21, 2014. The $6.7 million project will improve emergency response time in its area, as well as meet LEED Gold standards, making it a sustainable, energy-efficient facility. The property is located at 577 Page Street.

Las Vegas, 89119
Mixed-Use
Martin-Harris Construction is expanding Konami Gaming’s 160,000 SF headquarters. The expansion will add 200,000 SF to the building in order to house its research and development, manufacturing and administration in one central location. The $40 million project will meet LEED’s Silver standards with sustainable and environmentally friendly additions such as geothermal heating and cooling. The property is located at 585 Trade Center Drive.

Las Vegas, 89145
Mixed-Use
Tivoli Village is undergoing an expansion two years after its initial opening. This second phase will add over 250,000 SF to the current 370,000 SF development to total 639,000 SF of dining, retail, office and entertainment establishments. JMA Architecture serves as the primary architect on the project. The $350 million expansion is projected for completion in spring of 2015. The property is located at Rampart Boulevard and Alta Drive.

Sales

Henderson, 89014
Office
April Family Holdings LLC purchased 17,398 SF from Adobe Plaza Investments LLC for $3,100,000 or $178 PSF. The buyer was represented by Philip Moskal of Moskal Real Estate and the seller was represented by Lisa Anderson and Jerry Hagfeldt of MDL Group. The property is located at 1371 Warm Springs Road.
APN# 178-10-110-025

Pahrump, 89048
Office
Doodle Properties, LLC #6 purchased 12,545 SF from Pahrump-Zim LLC for $3,800,000 or $301 PSF. The buyer was represented by Denny Welsand of Welsand and Associates and the seller was represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group. The property is located at 330 Lola Lane.

Las Vegas, 89101
Office
Wolfson Medical Center Downtown purchased 16,000 SF from 921 SLVB LLC for $2,240,000 or $140 PSF. The buyer was represented by Dana Berggren, CCIM of Avison Young and the seller was represented by Jackie Young of Cushman & Wakefield-Commerce. The property is located at 921 S. Las Vegas Boulevard.
APN# 139-34-410-167

Las Vegas, 89134
Office
Debco LLC purchased 6,421 SF from J&M Real Estate Holdings LLC for $1,660,000 or $259 PSF. The buyer was represented by Bill Skupa and Gino Vincent of MINT Property Group and the seller was represented by Dave Sundaram of Odyssey Real Estate Capital. The property is located at 1781 Village Center Circle.
APN# 138-19-721-012

Las Vegas, 89147
Office
Lewel LLC purchased 39,490 SF from TEG Durango Pointe LLC for $1,650,000 or $42 PSF. The buyer was represented by Jarrad Katz, CCIM and Galit Kimerling of MDL Group and the seller was represented by Brenden Keating of The Equity Group. The property is located at 3975 S. Durango Drive.
APN# 163-17-812-005

Las Vegas, 89148
Office
MVP REIT Inc. purchased 22,000 SF from S E Property Investments LLC for $6,100,000 or $277 PSF. The property is located at 8905 W. Post Road.
APN# 163-32-810-006

Las Vegas, 89156
Office
Living Water Baptist Church purchased 6,500 SF from George W. VonTobel Living Trust for $550,000 or $85 PSF. The buyer was represented by Dave Shapiro of Prudential and the seller was represented by David Patten of MDL Group. The property is located at 5320 E. Lake Mead Boulevard.
APN# 140-21-202-019

Reno, 89521
Office
10615 Professional Circle LLC purchased 46,358 SF from South Meadows Investments LLC for $4,650,000 or $100 PSF. The property is located at 10615 Professional Circle.
APN# 160-060-27

Las Vegas, 89030
Retail
Carmar LLC purchased 192,075 SF from Dahlas Antoku and Mieko Antoku Revocable Living Trust for $12,950,000 or $67 PSF. The buyer was represented by Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate, Inc. and the seller was represented by Edward Bassford of Sun Commercial Real Estate, Inc. The property is located at 2017-2201 Civic Center Drive and 2100, 2200, 2300, 2310, 2400 E. Lake Mead Boulevard.

Sparks, 89431
Industrial
Liberty Capital Partners IV LLC purchased 30,000 SF from Crosby, Carol Jo et al for $1,099,000 or $37 PSF. The property is located at 911 Linda Way.
APN# 034-352-22

Reno, 89512
Industrial
Reynolds Family Trust purchased 12,500 SF from First United Funding LLC for $1,127,000 or $102 PSF. The property is located at 2401 E. 5th Street.
APN# 008-224-01

Leases

The post Nevada Real Estate & Development Report: December 2013 appeared first on Nevada Business Magazine.

“Each day presents opportunities to serve others and to find new and innovative ways to make my clients’ visions become realities.”
Alicia R. Ashcraft | Managing Partner, Ashcraft & Barr | LLP

“The MDL Group supports every owner, executive and employee in giving back to the community. For example, I’m serving as CALV president, which allows me to interact with all kinds of people from within and beyond the real estate industry.”
Hayim Mizrachi, CCIM | President, Commercial Alliance Las Vegas and President and Principal, MDL Group

“When I have a thought or an idea about a product or service, I can put it into action without asking for permission.”
Jim Brock | Founder, Simple Computer Repair

“Being able to connect with and gain feedback from our customers, then take that information and use it with my own ideas to create a new concept of products and services of which all customers can then enjoy.”
Jeremy Stamis | President/Director, Jerry’s Nugget Casino
-

“The thing I love the most about being a business owner of Hofbräuhaus Las Vegas is seeing a vision come to life. There is nothing better than knowing you are providing an authentic experience for your guests that also doubles as a passion.”
Stefan Gastager | President, Hofbräuhaus Las Vegas

“As a mother of two small children, I love owning my own business because of the flexibility, freedom and opportunity it allows. Working hard to build and grow my own business and creating my own success is extremely fulfilling.”
Lauren Eldik | Owner, Studio Clicks Photography

The post What do you enjoy most about being a business owner and/or executive? appeared first on Nevada Business Magazine.

E

Sale, Retail
ADDRESS 5050 E. Russell Rd., 89122
BUYER Wyandotte, Inc
SELLER Kathleen & Adrian Varni Trust
DETAILS 24,034 SF; $2,200,000
APN 161-28-401-011
BUYER’S REP Neil Dela Cruz of MDL Group
SELLER’S REP Katherine Bergh of Marcus & Millichap

Loan, Office
ADDRESS 2575 E. Sahara Ave., 89104
BORROWER Reliable Auto Sales
LENDER TMC Financing and Zions First National Bank
DETAILS $4,690,000 SBA 504
LENDER’S REP Ann Santiago of TMC Financing

H

Project, Industrial
ADDRESS 198 N. Gibson Rd., 89014
DETAILS Burke Construction Group and PGAL Architects partnered to complete VadaTech’s new 3.5 acre corporate headquarters. The $11.7 million project is targeted for future LEED certification.

Sale, Industrial
ADDRESS 3721 Meade Ave., 89012
BUYER Jack Crockett
SELLER NJP Management Trust
DETAILS 20,947 SF; $1,450,000
APN 162-08-302-002
BUYER’S REP Amy Ogden and Danielle Steffen of Cushman and Wakefield Commerce
SELLER’S REP Barton Hyde and Brandon McCool of Avison Young

Lease, Retail
ADDRESS 2650 Sunridge Heights, 89052
TENANT JD Sullivan, Inc.
LANDLORD Parcel E, LLC
DETAILS 5,000 SF; $389,000 for 68 months
TENANT’S REP Wes Drown of Remax Commercial
LANDLORD’S REP Robin Civish and Lauren Brouillet of Voit Real Estate Services

N

Sale, Industrial
ADDRESS 3355 Clayton St., 89032
BUYER Clayton Park, LLC
SELLER 2010- 1 CRE NV-Industrial, LLC
DETAILS 12,600 SF; $900,000
APN 139-08-811-006
BUYER’S REP First United Management
SELLER’S REP Leo Biedermann and Art Framinali of Cushman & Wakefield Commerce

Sale, Vacant Land
ADDRESS SE Corner of Ann Rd. and Bruce St., 89081
BUYER RB Las Vegas Land Ventures 2, LLC
SELLER RES-NV BG II LLC
DETAILS 19 acres; $2,200,000
APN 124-35-501-010
BUYER’S REP Heidi Bretthauer of South Bay Realty

S

Project, Retail
ADDRESS 3528 S. Maryland Pkwy., 89109
DETAILS The Boulevard Mall will be undergoing a major renovation beginning mid-2014. Sansone Companies has plans to invest approximately $24 million in the project to bring in new tenants, a farmers market, upgraded amenities, free Wi-Fi and a redesigned exterior. The renovation is expected to be a catalyst for the overall redevelopment of the Maryland Parkway corridor, and is slated for completion by 2015.

Project, Other
ADDRESS 6605 Las Vegas Blvd., 89119
DETAILS A new 12,000 SF park and monument sign is being constructed at Town Square Las Vegas. The park will be the site for future concerts and special events, and will host Town Square’s signature events such as Hop & Shop and Movies in the Square. Projected to open mid-April of this year, the park will provide Town Square with more space to accommodate larger events. The monument sign is manufactured by Young Electric Sign Company and will be 40 feet tall by 50 feet wide featuring two LED screens.

Sale, Industrial
ADDRESS 1541 Pama Ln., 89119
BUYER EdgeConnex LLC
SELLER Oro Pama LLC
DETAILS 30,253 SF; $2,790,000
APN 177-02-215-005
BUYER’S REP Xavier Wasiak of Jones Land LaSalle
SELLER’S REP Dean Willmore, SIOR of Colliers International

Sale, Multi-Family
ADDRESS 5400 Maryland Pkwy, 89119
BUYER 29th Street Capital
SELLER Country Hills Apartments LLC
DETAILS 8.86 acres; 208 units; $11.2 million
APN 162-26-312-004
BUYER’S REP Doug Schuster of Newmark Grubb Knight Frank
SELLER’S REP Garry Cuff of Colliers International

Lease, Retail
ADDRESS 360 E. Tropicana Ave., 89119
TENANT R.A.M. Entertainment Group LLC
LANDLORD McCarran Village Retail LLC
DETAILS 3,000 SF; $467,940 for 64 months
REP (BOTH) Jeff Mitchell and Preston Abell of Virtus Commercial

SW

Project, Retail
ADDRESS 3300 S. Decatur Blvd., 89102
GENERAL CONTRACTOR Kittrell Jensen Contractors, LLC
DETAILS The 12,000 SF Decatur Inn Plaza is being renovated to include new storefronts, landscaping and new building systems. The $600,000 project will also include updating the structural elements of the building. Ramsey Real Estate Group expects the project to be complete this month. Nadel Studio One, Inc. serves as the architect and Hill Clark & Associates is the landscape architect.

Sale, Office
ADDRESS 8906 Spanish Ridge Ave., 89148
BUYER TAG 8906 SR LLC
SELLER CML NV SR LLC
DETAILS 40,681 SF; $3,800,000
APN 163-29-711-020
BUYER’S REP Brendan Keating of The Equity Group
SELLER’S REP Ryan Martin and Patti Dillon of Colliers International

Sale, Retail
ADDRESS 5191 W. Charleston Blvd., 89146
BUYER Falkor Properties LLC
SELLER TME Red Rock Plaza LLC
DETAILS 42,246 SF; $6,350,000
APN 13-01-515-001
BUYER’S REP Brendan Keating of The Equity Group
SELLER’S REP Cathy Jones and Paul Miachika of Sun Commercial Real Estate

Sale, Vacant Land
ADDRESS Sunset and El Camino, 89118
BUYER Bally Technologies
DETAILS 13.88 acres; $5 million
APN 176-02-501-021
BUYER’S REP Greg Tassi of CBRE Las Vegas

Lease, Office
ADDRESS 2720 Crystal Water Way, 89117
TENANT Venture Corporation/Angel’s Christian Academy
LANDLORD Citibank
DETAILS 10,341 SF; $724,076 for 69 months
TENANT’S REP Derek Belanus of Crown Point Realty
LANDLORD’S REP Bob Hawkins and Dan Palmeri of Cushman & Wakefield Commerce

Lease, Retail
ADDRESS 3086-3892 W. Post Rd., 89118
TENANT Educational Mentoring Group LLC
LANDLORD ADS Investments, LLC
DETAILS 4,808 SF; $57,960 for two years
TENANT’S REP Dan Palmeri and Bob Hawkins of Cushman & Wakefield Commerce
LANDLORD’S REP Galit Kimerling of MDL Group

WC

Sale, Office
ADDRESS 1700 Marietta Way, 89431
BUYER T2M3 Marietta Investments LLC
SELLER Temen 1990 Trust, Neal G
DETAILS 6,960 SF; $740,000
APN 034-112-46

Sale, Office
ADDRESS 6180 Mae Anne Ave., 89523
BUYER Russell P & Brook L Hollinger
SELLER California Green Strategies LLC
DETAILS 6,076 SF; $580,000
APN 200-590-16

Sale, Retail
ADDRESS 7693 S. Virginia St., 89523
BUYER Longley Partners LLC
SELLER Overland Development Corp
DETAILS 5,617 SF; $4 million
APN 043-011-47

Sale, Industrial
ADDRESS 50 E. Plaza St., 89501
BUYER Fitzgerald Virginia & Plaza LLC
SELLER Redevelopment Agency City of Reno
DETAILS 242,100 SF; $2,500,000
APN 011-370-52

Sale, Industrial
ADDRESS 2335 Market St., 89502
BUYER Chester Real Estate LLC
SELLER Rock’s Consign Furniture LLC
DETAILS 21,583 SF; $2,875,000
APN 013-281-06

Sale, Industrial
ADDRESS 250 Arletta St., 89503
BUYER Sierra Crew LLC
SELLER Colligan Trust, C J
DETAILS 9,680 SF; $635,000
APN 010-043-18

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

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Project, Industrial
ADDRESS 400 S. Seventh St., 89101
DETAILS The Korte Company completed the Robert T. Eglet Advocacy Center in Downtown Las Vegas. The $17.5 million three-story building covers 96,875 SF with office space occupying a little over 47,600 SF. The architect for the project was Design Cell Architecture.

H

Sale, Industrial
ADDRESS 1175 Center Point Dr., 89074
BUYER Reyburn Family Trust
SELLER NRG Nevada LP
DETAILS 23,200 SF; $1.9 million
APN 175-15-511-003
SELLER’S REP Higgins and Toft of Voit Real Estate Services

Lease, Retail
ADDRESS 7360 Eastgate Rd., Ste 135-140, 89011
TENANT LLW Enterprises LLC dba Voit Lighting
LANDLORD Harsch Investment Properties
DETAILS 10,655 SF; $117,273 for 26.5 months
TENANT’S REP Higgins and Toft of Voit Real Estate Services
LANDLORD’S REP MDL Group

Lease, Industrial
ADDRESS 739 W. Sunset Rd., 89011
TENANT Quality A/C Service, LLC
LANDLORD United Rental (North America), Inc.
DETAILS 9,760 SF; $487,387 for five years
TENANT’S REP Sue Rogers of Cresa
LANDLORD’S REP Dan Palmeri and Leo Biedermann of Cushman & Wakefield Commerce

N

Sale, Office
ADDRESS 4315 N. Rancho Dr., 89130
BUYER TEG Rancho LLC
SELLER Judy K. Jordan Family Trust
DETAILS 28,456 SF; $350,000
APN 138-02-712-005
BUYER’S REP Brendan Keating of The Equity Group
SELLER’S REP Chris Connell of Colliers International

Sale, Retail
ADDRESS 3820 E. Craig Rd., 89030
BUYER Kenneth and Theresa Houchin
SELLER Angyris Enterprises LLC and Joann Argyris
DETAILS 5,022 SF; $2.7 million
APN 140-06-210-044
BUYER’S REP Eric Salile of General Realty Group Inc.
SELLER’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank

Sale, Industrial
ADDRESS 2642 Lone Mountain Rd., 89081
BUYER Ron Pycior
DETAILS 11,100 SF; $1,235,000
APN 124-36-402-008
REP (BOTH) Dean Willmore, SIOR of Colliers International

O

Project, Multi-Family
ADDRESS Five communities around Las Vegas
DETAILS Sunrise Management has expanded to include five more communities to its Las Vegas portfolio. The properties include the 144-unit Cypress Springs property, the 112-unit El Pueblo Las Brisas property, the 228-unit El Pueblo de los Arboles property, the 264-unit Jovanna Villas property and the 100-unit Southern Cove property.

S

Project, Other
ADDRESS Tropicana Ave. and Las Vegas Blvd., 89109
DETAILS Recreation Development Company LLC (RDC), contracted by MGM Resorts International, has completed the repainting of the Statue of Liberty replica in front of the New York-New York Hotel & Casino. The project cost $150,000 to complete.

Sale, Industrial
ADDRESS 2053 Pama Ln., 89119
BUYER Auto Drop, LLC
SELLER CML-NV Airport South LLC
DETAILS 7,463 SF; $615,000
APN 177-02-616-005
BUYER’S REP Michael De Lee of De Lee and Associates
SELLER’S REP Colliers International

Sale, Multi-Family
ADDRESS 4995 S. Maryland Pkwy, 89119
BUYER Palmer Hall Properties LLC
SELLER Tropicana Village Apartments Ltd.
DETAILS 172 units; $7,850,000
APN 162-27-502-006
SELLER’S REP NAI Vegas/The Sauter Multi-family Group

Lease, Office
ADDRESS 500 Pilot Rd., Ste A, 89119
TENANT Resort.com Marketing, LLC
LANDLORD Hughes Airport Realty Owner, LLC
DETAILS 6,765 SF; $361,792 for 53 months
LANDLORD’S REP Higgins and Toft of Voit Real Estate Services

Lease, Industrial
ADDRESS 1385 Pama Ln, Ste 100-102, 89119
TENANT Happ Controls, Inc.
LANDLORD KTR LV Loan I, LLC
DETAILS 24,167 SF; $513,487 for 65 months
TENANT’S REP Jeremy Green of CBRE
LANDLORD’S REP Susan Borst and Bob Hawkins of Cushman & Wakefield Commerce

SW

Sale, Office
ADDRESS 8876 Spanish Ridge Ave., 89148
BUYER Resort Holdings 5 LLC
SELLER CML NV SR LLC
DETAILS 35,663 SF; $600.000
APN 163-29-712-003
BUYER’S REP Robert Hasman of Sperry Van Ness
SELLER’S REP Ryan Martin and Patti Dillon of Colliers International

Sale, Retail
ADDRESS 9620 W. Russell Rd., 89148
BUYER The Bascom Group, LLC
SELLER Chapel Hill
DETAILS 222 units; $22,470,000
APN 163-30-819-000
BUYER’S REP Brian Esidendrath and Troy Tegeler of CBRE Capital Markets
SELLER’S REP Chris Bentley and Melissa Salas of ARA Real Estate Investment Services

Lease, Office
ADDRESS 7220 S. Cimarron Rd., 89113
TENANT Arizona Pain Specialists, LLC
LANDLORD JAMD, LLC
DETAILS 5,040 SF; $559,082 for 68 months
TENANT’S REP Lisa Hauger of Sun Commercial Real Estate, Inc.

Lease, Office
ADDRESS 850 S. Durango Rd., Ste 100-107, 89117
TENANT Nevada State High School
LANDLORD SET Properties
DETAILS 5,800 SF; $130,122 for 26 months
TENANT’S REP Eric Humes of Rooftop Realty
LANDLORD’S REP Pete Janemark of Cushman & Wakefield Commerce

WC

Sale, Office
ADDRESS 11975 E. Interstate 80, 89434
BUYER Hensler Family Trust
SELLER CFS Investments LLC
DETAILS 5,000 SF; $1,112,000
APN 084-090-10

Sale, Industrial
ADDRESS 415 E. 4th St., 89434
BUYER Bajwa, Nav S & Manpreet
SELLER Hay Trust, Pamela R
DETAILS 8,000 SF; $450,000
APN 007-303-13

Sale, Industrial
ADDRESS 537 Vista Blvd., 89434
BUYER Tin River LLC
SELLER Vista Business Park LLC
DETAILS 8,307 SF; $471,075
APN 037-370-14

Sale, Industrial
ADDRESS 300 Kietzke Ln., 89502
BUYER Chhina Properties LLC
SELLER City National Bank
DETAILS 11,708 SF; $470,000
APN 012-191-43

Sale, Office
ADDRESS 777 S. Center St., 89501
BUYER Johnson Family Revocable Trust
SELLER Maytan Family Trust, Steve & Iris
DETAILS 24,468 SF; $1.4 million
APN 011-232-16

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

E

Project, Industrial
ADDRESS 124 S. 6th St., 89101
DETAILS The John E. Carson hotel is being renovated into a mixed-use development that will feature feature both retail and office spaces. Construction of the 19,000 SF space began in April of last year and is expected to be complete by July of this year. Tenants to the renovated space are expected to include Black Spade Tattoo, O Face Doughnuts, Kerry Simon’s Carson Kitchen and Grass Roots juice bar, among others.

Lease, Industrial
ADDRESS 2925 Lincoln Rd., 89115
TENANT Nevada System of Higher Education on behalf of CSN
LANDLORD CW & AC Enterprises LTD
DETAILS 26,165 SF; $276,825.70 for three years
TENANT’S REP Edward Bassford of Sun Commercial Real Estate, Inc.

H

Project, Industrial
ADDRESS 3021 Horizon Ridge Pkwy., 89052
ARCHITECT OF RECORD Stengel Hill Architecture
DETAILS Expansion of the Seven Hills Behavioral Institute was recently completed under the management of Burke Construction Group. The $4 million project converted an adjacent office building into an institutional occupancy building that includes 36 new inpatient psychiatric beds with two distinct nursing units of 18 beds each. Additionally, a new 2,415 SF building was added connecting the original 26,400 facility with the 15,000 SF converted office space.

Sale, Multi-Family
ADDRESS 409 & 417 E. Merlayne Dr., 89011
BUYER Vegas Venture Holdings, LLC
SELLER Hoffman Family Living Trust
DETAILS 32 units; $1.4 milion
APN 178-01-604-010
REP (BOTH) Patrick Sauter and Arthur Carll of The Sauter Multifamily Group

Sale, Retail
ADDRESS SW Corner of Larson and Rancho Destino, 89044
BUYER 9927 West Flamingo Road, LLC
SELLER West Flamingo Road, LLC
DETAILS 80,000 SF; $4.2 million
APN 191-16-101-003
BUYER’S REP Ryan Howse of Preston Matthews Real Estate Services
SELLER’S REP Grant Traub and Chris Connell of Colliers International

Lease, Industrial
ADDRESS 7300 Eastgate Rd., Ste. 150, 89011
TENANT Jimenez Arms LLC
LANDLORD Harsch Investment Properties Nevada LLC
DETAILS 27,412 SF; $745,013 for 64 months
TENANT’S REP Kevin Higgins, SIOR and Garrett Toft of Voit Real Estate Services
LANDLORD’S REP Galit Kimerling of MDL Group

N

Lease, Office
ADDRESS 4285 N. Rancho Dr., Ste 110, 89130
TENANT Life Alert
LANDLORD SLP Northbrooke 5, LLC
DETAILS 5,155 SF; $65,296.67 for one year
LANDLORD’S REP Timothy Behrendt and Lisa Hauger of Sun Commercial Real Estate, Inc.

Lease, Retail
ADDRESS 1829 W. Craig Rd., 89032
TENANT Mattress Firm, Inc.
LANDLORD Retail Center Partners, Ltd.
DETAILS 3,187 SF; $382,440 for five years
TENANT’S REP Chris Clifford of The Equity Group
LANDLORD’S REP Dan Hubbard and Todd Manning of Cushman & Wakefield Commerce

Lease, Industrial
ADDRESS 4436 Lawrence, Unit E, 89081
TENANT Rand Group, Inc.
LANDLORD MCA Lawrence LLC
DETAILS 6,750 SF; $55,147 for two years
TENANT’S REP Mark Kincaid of Forever 99 Realty
LANDLORD’S REP Danielle and Amy Ogden of Cushman & Wakefield Commerce

S

Sale, Office
ADDRESS 3915 E. Patrick Ave., 89120
BUYER MCA Realty, Inc.
SELLER Western Funding, Inc.
DETAILS 20,000 SF; $1.3 million
APN 161-31-710-005
REP (BOTH) Danielle Steffen and Amy Ogden of Cushman & Wakefield Commerce

SW

Sale, Office
ADDRESS 5300 and 5350 W. Charleston Blvd. 89146
BUYER Daniel Touizer
SELLER City National Bank
DETAILS 9,068 SF; $675,000
APN 138-36-803-015
BUYER’S REP Nissim Nick Azouz of Realty One
SELLER’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate, Inc.

Sale, Industrial
ADDRESS 3905 W. Diablo, 89118
BUYER FWID, LLC
SELLER Tanner Family, L.P.
DETAILS 2.27 acres; $5 million
APN 162-30-801-006
BUYER’S REP Leo Biedermann of Cushman & Wakefield Commerce
SELLER’S REP Art Farmanali, SIOR of Cushman & Wakefield Commerce

Lease, Office
ADDRESS 5580 W. Flamingo Rd., 89103
TENANT United HeatlhCare Services, Inc.
LANDLORD Flamingo Ranch, LLC
DETAILS 10,538 SF; $546,922 for five years
TENANT’S REP Brett Davis of Jones Lang LaSalle
LANDLORD’S REP Bob Hawkins and Dan Palmeri of Cushman & Wakefield Commerce

Lease, Office
ADDRESS 6600 W. Charleston Blvd., 89146
TENANT H.O.P.E. Counseling Services, LLC
LANDLORD 6600 W Charleston, LLC
DETAILS 6,727 SF; $182,087 for three years
TENANT’S REP Bill Tomiyasu of Berkshire Hathaway
LANDLORD’S REP Pete Janemark of Cushman & Wakefield Commerce

Lease, Retail
ADDRESS 3655 S. Fort Apache Rd., 89147
TENANT Shamus P. Gilliland
LANDLORD Twin 168 LLC
DETAILS 4,187 SF; $502,000 for five years
TENANT’S REP Tony Amato of Avison Young
LANDLORD’S REP Troy Tobler of Virtus Commercial

WC

Project, Industrial
ADDRESS 1664 N. Virginia St., 89557
DETAILS The opening ceremony for University of Nevada, Reno’s new Earthquake Engineering Lab is set for early this summer. The expansion, which began in November of 2010, makes the facility the largest and most versatile large-scale earthquake/seismic simulation laboratory in the United States. Clark and Sullivan served as the contractor for the project and the architect was BJG Architecture + Engineering. Additionally, the first phase of construction for the new William N. Pennington Student Achievement Center was completed in February 2014 with the remainder of the construction scheduled to begin mid-summer this year. H + K Architects is the architect of record and the contractor is CORE Construction.

Sale, Office
ADDRESS 305 W. Moana Ln., 89509
BUYER Clark Family Trust, Donald P et al
SELLER Clark Family Trust, Donald P
DETAILS 10,440 SF; $700,000
APN 019-352-05

Sale, Retail
ADDRESS 1401 S. Virginia St., 89502
BUYER GBS 1401 S Virginia LLC
SELLER Heritage Bank of Nevada
DETAILS 6,350 SF; $1.1 million
APN 014-133-02

Sale, Industrial
ADDRESS 521 and 527 Dunn Cir., 89431
BUYER DLJ Dunn Circle LLC
SELLER TOF Sparks LLC
DETAILS 6,120 SF; $795,600
APN 034-510-13 and 034-510-16

Sale, Industrial
ADDRESS 75 E. Freeport Blvd., 89431
BUYER Truax, Kevin & Nichole
SELLER Patton Music Co.
DETAILS 4,000 SF; $200,000
APN 034-450-03

Sale, Retail
ADDRESS 695 Willow St., 89502
BUYER Reno Aikido Coop
SELLER Nerino Investments LLC
DETAILS 3,280 SF; $150,000
APN 012-138-11

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

The median price of an existing single-family home sold in Southern Nevada during June was $199,900 – the highest mark since September 2008.

This is according to recent statistics released by the Greater Las Vegas Association of REALTORS (GLVAR). The median price is 2.5 percent higher than May and up over 14 percent compared to June 2013. GLVAR President Heidi Kasama called the latest numbers “encouraging.”

There was also an increase in traditional buyers purchasing homes. A shade under 35 percent were purchased with cash, far below the February 2013 peak of 59.5 percent. This indicates investors are taking up a smaller portion of buyers and is another positive sign, according to Kasama.

“While real estate investors have played a key role in helping our housing market recover in recent years, it’s also good to see more traditional buyers entering the market. The percentage of local home buyers paying with cash is now under 35 percent. It hasn’t been that low since July of 2009.”

Meanwhile, the number of existing homes sold this year is about 13 percent behind last year’s pace.

CLICK HERE TO READ THE FULL ANNOUNCEMENT

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KNPB Hires Sara Anderson As Manager Of Educational Services

McDonald’s Hosts Community Service Day, Now Accepting Applications for Future Volunteer Projects

The post Vegas Home Prices Rise, Market Sees More Traditional Buyers appeared first on Nevada Business Magazine.

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

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

Despite news reports about industrial vacancies, the southern Nevada real estate market is showing strength, according to the president of MDL Group.

Harsch Valley Freeway Commerce Center

Despite news reports about industrial vacancies, the southern Nevada industrial real estate market is showing strength, according to Hayim Mizrachi, CCIM, president and principal of MDL Group, a Las Vegas based commercial real estate firm specializing in brokerage and property management.

Mizrachi said the industrial market is enjoying a rebound in Las Vegas. In fact, the industrial properties that MDL Group are leasing have occupancy in excess of 90 percent.

“The media has hyped up that the medical marijuana industry could absorb the glut of vacant industrial space. Properties that are well managed and well marketed against the competition are leasing up just fine,” he said.

MDL Group tenant Bill Rebensdorf of the Anaheim, California-based RMC Manufacturing, which manufactures parts for aerospace, motorcycle aftermarket, and alternative fuel carburetion systems, relocated to Nevada in the last year.

For Rebensdorf, the main consideration in moving to Las Vegas was the lower cost of living, less traffic, quality of life for his family and the opportunity to buy a much larger home, nearly twice the size, and at nearly two-thirds the cost of his home in California.

Also important in his consideration was a more business-friendly environment, which would allow him to slowly transition and move at least one of his businesses out of California. Due to current demand and heavy work flow at his California facility, he opted to start a secondary facility, Sin City Manufacturing, in order to accommodate the needs of his existing customers, and assist with overflow from his California plant.

In searching out a location for his company, he was looking for something in proximity to his home, and his children’s schools. After having entertained several locations, he found the Whitney Ranch Business Park, located in Henderson and managed by the MDL Group.

Beyond having the space and electrical power he would require, the primary selling point was the park being clean, busy, well lit and well maintained, with very neighborly tenants and very reasonable lease rates and terms.

Whitney Ranch Industrial, where he has his office, is now 100 percent occupied. The three multi-tenant building property totaling 56, 559 square feet was 72 percent occupied at the start of the listing. Harsch Quail Industrial Center, which is comprised of two multi-tenant industrial buildings totaling 80,000 square feet, was only 53 percent occupied at start of the listing, is now 100 percent occupied.

* Harsch Green Valley Business Center was 62 percent occupied at the start of listing and is now 100 percent occupied. Harsch Green Valley Business Center is a three building multi-tenant industrial complex totaling 291,953 square feet.

* Westwood Industrial Park, a multi-tenant small-bay industrial park totaling 25,978 square feet, was only 26 percent occupied at the start of listing and is now 100 percent occupied.

* Arville Commerce Center, a five building multi-tenant industrial and office project totaling 90,023 square feet, was only 50 percent occupied at the start of listing and is now 100 percent occupied.

* Harsch Post Commerce Center was 76 percent occupied at the start of listing and is now 99 percent occupied. Harsch Post Commerce Center is a six building multi-tenant industrial and office complex totaling 140,038 square feet.

* Davidsohn Industrial Park is comprised of five multi-tenant industrial buildings totaling 178,450 square feet at 4915-4995 Steptoe Street. The industrial park was 53 percent occupied at the start of the listing and is now 87 percent occupied.

* Harsch Henderson Commerce Center | Warm Springs was 82 occupied at the start of listing and is now 93 percent occupied. The center consists of five buildings totaling 390,514 square feet of flex/office, light distribution space and warehouse.

* Harsch Valley Freeway Commerce Center is comprised of four multi-tenant industrial buildings totaling 228,000 square feet. Harsch Valley Freeway Commerce Center was only 60 percent occupied at the start of the listing and is now at 88 percent occupancy.

About MDL Group: Founded in 1989, MDL Group is one of the leading commercial real estate services providers in southern Nevada. The company provides services including property management, facilities management, brokerage and leasing, real estate investment advisory, construction management, and development services. MDL is headquartered at 3065 S. Jones Blvd., suite 201 in Las Vegas, NV and has more than 30 employees. Click Here to View Our Listings

The post Industrial Market Enjoys Rebound In Las Vegas appeared first on Nevada Business Magazine.

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The post Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady appeared first on Nevada Business Magazine.

N

Sale, Office
ADDRESS 6624 Sky Pointe Dr., 89131
BUYER WDG 6624 Sky Pointe, LLC
SELLER 2010-1 RADC/CADC Venture, LLC
DETAILS ; $315,000
APN 125-21-710-014
REP (Both) David Howes of David Howes Commercial Real Estate

Lease, Retail
ADDRESS 8350 N. Decatur Blvd., 89031
TENANT Spartan Arms and Range Supplies LLC
LANDLORD Decatur Horse LLC
DETAILS 4,000 SF; $163,200 for 39 months
TENANT’S REP Derek Belanus of Crown Point Realty
LANDLORD’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank

NW

Sale, Retail
ADDRESS 1700-1752 N. Buffalo Dr. & 7598 Vegas Dr., 89128
BUYER New Deal Carl’s Jr. LLC and New Deal-Seabreeze LLC
SELLER Sea Breeze Village LLC and Sea Breeze Village II LLC
DETAILS 134,321 SF; $17,350,000
APN 138-22-418-008 and 138-22-418-009
BUYER’S REP Chris Emanuel and Jeff Mitchell of Virtus Commercial
SELLER’S REP Kipp Gstettenbauer of Cushman & Wakefield

Lease, Office
ADDRESS 7391 Prairie Falcon Rd., 89128
TENANT Christian Life Community dba Dunamis Resources
LANDLORD Orion Blue LLC
DETAILS 5,878 SF; $427,812 for five years
TENANT’S REP Eric Rogosch of BHHS NV Properties
LANDLORD’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank

O

Project, Other
Address US 95/I-15 interchange from downtown Las Vegas to Sahara Avenue
Details The Nevada Department of Transportation announced Project NEON has been unanimously approved as a design-build procurement. The $1.5 billion job will create a one-mile-long high occupancy vehicle connector between U.S 95 and I-15. Project NEON will reduce travel times by 22 percent and is scheduled for completion in 2018.

Sale, Vacant Land
ADDRESS 1040, 1050 & 1136 W. Pioneer Blvd., 89024
BUYER Nuco Investments, LLC
SELLER Branch Banking and Trust Company
DETAILS 14.05 acres; $500,000
APN 001-18-210-002
BUYER’S REP Premier Properties of Mesquite Nevada, LLC
SELLER’S REP Dan Hubbard and Todd Manning of Cushman & Wakefield

Sale, Vacant Land
ADDRESS 1360 E. Highway 372, 89048
BUYER White Mar Capital Pahrump LLC
SELLER Swiss LTD
DETAILS 1.38 acres; $827,000
APN 39-391-06
BUYER’S REP Frank Marretti of Colliers International
SELLER’S REP Scot Marker of Colliers International

SW

Sale,Office
ADDRESS 1580 S. Jones Blvd., 89146
BUYER Kerry Holt
SELLER Richard Crawford T
DETAILS 14,345 SF; $3 million
APN 163-01-201-009
BUYER’S REP Tim Erickson of Marcus & Millichap
SELLER’S REP Tina Taylor of Marcus & Millichap

Lease, Retail
ADDRESS 5285 Dean Martin Dr., 89118
TENANT Cingari, LLC
LANDLORD Itai Investments, LLC
DETAILS 4,000 SF; $684,000 for 65 months
TENANT’S REP Bret Wulf of Gavish Real Estate
LANDLORD’S REP Eric Berggren of Newmark Grubb Knight Frank

Lease, Industrial
ADDRESS 5025 Schuster, 89118
TENANT Allsite Structure Rentals
LANDLORD Design to Print
DETAILS 6,622 SF; $235,488 for five years
TENANT’S REP Marty Martell of MDL Group
LANDLORD’S REP Tim Behrendt and Lisa Hauger of Sun Commercial Real Estate

Lease, Office
ADDRESS 7965 W. Sahara Ave., 89117
TENANT Steven B Quinn Insurance Agency
LANDLORD Winner Properties, LLC
DETAILS 6,997 SF; $680,108 for 78 months
TENANT’S REP Amy Lance of CBRE
LANDLORD’S REP Bob Hawkins and Dan Palmeri of Cushman & Wakefield

Loan, Office
ADDRESS LaPour Corporate Center, 9075 W. Diablo Dr., 89148
DETAILS 70,188 SF; $12,300,000 with a mid-4 percent, fixed interest rate for a 10-year term with a 25-year amortization schedule. The property is a three story, multi-tenant office building and is 100 percent leased.
BORROWER’S REP Greg Benjamin and Jeff DeHarty of NorthMarq Capital

Lease, Industrial
ADDRESS 3955 W. Mesa Vista Dr., 89118
TENANT Royal Cup, Inc.
LANDLORD Mesa Vista Business Center LLC
DETAILS 6,000 SF; $134,976 for 40 months
TENANT’S REP Leo Biedermann of Cushman & Wakefield
LANDLORD’S REP Spencer Pinter of Colliers International

WC

Sale, Industrial
ADDRESS 9550 Gateway Dr., 89521
BUYER Apartments 801 LLC
SELLER Bluth Trust
DETAILS 35,882 SF; $3,700,000
APN 163-073-01

Sale, Industrial
ADDRESS 670 Dunn Cir., 89431
BUYER JTP Holdings LLC
SELLER TOF Sparks LLC
DETAILS 13,564 SF; $1,418,757
APN 034-500-03

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