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Red Report: February 2016

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Read the Nevada Real Estate & Development Report: May 2015 - Commercial real estate and development - projects, sales, and leases.

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Project, Hotel
ADDRESS 1 S. Main St., 89101
CONTRACTOR OF RECORD Breslin Builders
DETAILS The Plaza Hotel & Casino in downtown Las Vegas has begun an extensive, multi-million dollar renovation to its rooftop pool including resurfacing and maintenance to the 70 SF pool deck. The new rooftop pool is slated to reopen this summer.

Sale, Multi-Family
ADDRESS 2895 E. Charleston, 89104
BUYER Jack Youdal
SELLER TriTex Real Estate Advisors
DETAILS 256 units; $48,750 per unit
APN 162-01-501-017
REP (BOTH) Michael LaBar and Michael Shaffner of Avison Young

Sale, Multi-Family
ADDRESS 3580 E. Alexander Rd., 89115
BUYER Veneto Sorrento GP, LLC
SELLER Gung Ho – Reliant Casa Sorrento, LLC
DETAILS 236 units; $58,262 per unit
APN 140-06-414-000
SELLER’S REP Tom Naseef, CCIM, SIOR and Jeff Naseef of Colliers International

Sale, Multi-Family
ADDRESS 3985 E. Cheyenne Ave., 89115
BUYER Exeter 1031 Exchange Services, LLC as Q1 for Ventana-Windmill LP
SELLER Pacifica Joshua, LLC
DETAILS 176 units; $49,716 per unit
APN 140-18-501-004
REP (BOTH) Patrick Sauter and Art Carll of NAI Vegas’ Sauter Multifamily Group

Sale, Multi-Family
ADDRESS 5421 E. Harmon Ave., 89122
BUYER 670 Vegas Apartments, Inc.
SELLER Blue Valley Apartments, Inc.
DETAILS 670 units; $42,164 per unit
APN 161-21-603-001 & 161-21-603-002
BUYER’S REP Devin Lee, CCIM of NAI Vegas’ Sauter Multifamily Group
SELLER’S REP Patrick Sauter and Art Carll of NAI Vegas’ Sauter Multifamily Group

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Lease, Retail
ADDRESS 213 N. Stephanie St., 89074
BUYER Pacific Fitness, Inc.
SELLER Roxbury Advisors, LLC
DETAILS 3,200 SF; $272,640 for five years
TENANT’S REP Martin M. Toumaian of Keller Williams Realty
SELLER’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank

Sale, Multi-Family
ADDRESS SEC of Joyce St. & Gayle Ave., 89015
BUYER Oakridge Apartments, LLC
SELLER Oakridge Townhome, LLC
DETAILS 42 units; $41,667 per unit
APN 179-17-512-046
BUYER’S REP Michael LaBar and Michael Shaffner of Avison Young
SELLER’S REP Universal Realty

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Sale, Land
ADDRESS SEC of W. Craig Rd. & Revere St., 89032
BUYER Upper Image Services
SELLER RREF II – K1 Promenade, LLC
DETAILS 1.4 acres; $1 million
APN 139-03-314-002
BUYER’S REP Tony Amato, CCIM of Avison Young
SELLER’S REP Lauren Tabeek of Cushman & Wakefield | Commerce

NW

Sale, Land
ADDRESS 1459 Rock Springs Dr., 89128
BUYER Ovation Development
SELLER GES Family
DETAILS 7.9 acres; $2.7 million
APN 138-27-501-001
BUYER’S REP Chris Richardson, CCIM and Jason Otter of Logic Commercial

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Lease, Retail
ADDRESS 5915 S. Eastern Ave. Ste. 105 & 106, 89119
TENANT Dollar Tree Stores, LLC
LANDLORD MCP Airport Center, LLC
DETAILS 9,483 SF; $580,834 for three years
TENANT’S REP Lisa Callahan, CCIM of Sage Commercial Advisors
LANDLORD’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank

SW

Sale, Retail
ADDRESS 4180 & 4220 S. Grand Canyon and 9701-9827 W. Flamingo Rd., 89147
BUYER FC Development Properties, LLC
SELLER 9827 West Flamingo Road Holdings
DETAILS 50,959 SF; $9,650,000
APN 163-19-511-031 & 163-19-511-028
BUYER’S REP Chris Richardson, CCIM and Jason Otter of Logic Commercial

Sale, Retail
ADDRESS 5651 Grand Canyon Dr., 89148
BUYER Berryessa Plaza, LLC
SELLER 5651 Holdings, LLC
DETAILS 12,874 SF; $3.5 million
APN 163-30-418-005
BUYER’S REP Dan Gluhaich of Colliers International
SELLER’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate
Sale, Industrial
ADDRESS 6355 S. Buffalo Dr., 89113
BUYER Panattoni Development
SELLER IGT
DETAILS 610,410 SF; $75 million
APN 163-33-801-017
REP (BOTH) Susan Borst, CCIM and Dan Doherty, SIOR of Colliers International

Sale, Land
ADDRESS SEC of Rainbow Blvd. & Arby Ave, 89118
BUYER Sakley Family Trust
SELLER Sennad Alexander Ben
DETAILS 9.07 acres; $8.2 million
APN 176-02-401-001
BUYER’S REP Scot Marker of Colliers International

Sale, Motel
ADDRESS 5201 Dean Martin Dr., 89118
BUYER Fragrant Spruce, LLC
SELLER Mountain America FCU
DETAILS 128 rooms; $38,000 per room
APN 162-29-205-002
SELLER’S REP Marcus Threats, CCIM of Marcus & Millichap

WC

Sale, Office
ADDRESS 980 Sandhill Rd., 89110
BUYER SGP Reno, LLC
SELLER Sandhill Investors II, LLC
DETAILS 36,171 SF; $6.4 million
APN 163-031-04

Sale, Office
ADDRESS 590 Double Eagle Ct. , 89521
BUYER Pasha5, LLC
SELLER Mountain High Investments, LLC
DETAILS 13,440 SF; $2.4 million
APN 163-062-11

Sale, Industrial
ADDRESS 8975 Double Diamond Pkwy., 89521
BUYER Karen and William Horst
SELLER Sierra View Venture, LLC
DETAILS 5,525 SF; $627,500
APN 163-210-13

The post Red Report: February 2016 appeared first on Nevada Business Magazine.


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