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Real-Time Online Local Economic Data & Demographics Now Available

The City of Las Vegas Economic and Urban Development Department (EUD) is now providing the public with real-time data for key economic, fiscal and demographic data within the city, Clark County and the Las Vegas Metropolitan Statistical Area (MSA). The city of Las Vegas is the first municipality in the state of Nevada to make use of this data tracking and real-time reporting service.

This new information portal utilizes data housed by MyResearcher.com, an online repository created by local research firm Applied Analysis. Thousands of up-to-date economic and fiscal metrics are kept current within this repository for easy access and analysis. Featured on EUD’s data portal will be the most requested local economic statistics, which include a constantly updated compilation of the local office, industrial and retail markets.

View the city’s new facts and demographics data portal

Calida Residential to Create a New Luxury Multihousing Community, Elysian at Stone Lake

NGKF Capital Markets, in conjunction with ARA, A Newmark Company (ARA Newmark), announces the sale of 15.52 acres at the northwest corner of Stephanie Street and Wigwam Parkway to The Calida Group, L.L.C. The notable multihousing builder purchased the land from KB Home for $9,312,000, or $600,000 per acre. NGKF Capital Markets and ARA Newmark representatives Doug Schuster, Curt Allsop and Vittal Ram represented the buyer in the sale transaction.

“The Green Valley/Henderson Class A submarket has been experiencing extreme rental growth, with five to 10 percent rental increases in the last 12 months. The high price paid per acre is consistent with this expansion, as well as the anticipation for future escalation,” noted NGKF’s Senior Managing Director Schuster. Known for their highly amenitized lifestyle communities located in premier submarkets, Calida intends to expand on its successful Elysian brand at Stone Lake, which reflects the company’s commitment to quality design, construction and management of premier multihousing communities. “Calida’s Elysian product is highly admired, fills quickly, and consistently sets records for lease rates and exit values,” added Schuster.

“This transaction represented an alliance between The Calida Group, one of the most active multihousing builders in the valley, and KB Home, one of the nation’s largest and most recognized home builders,” commented Allsop, also a NGKF senior managing director. KB Home owned the 40-acre parcel, which was subdivided to sell the 16-acre lot to Calida for the company’s premier multihousing product. KB Home reserved a 21-acre parcel for single-family, as well as sold a three-acre lot for a retail corner with three pad sites.

Stone Lake is part of Cornerstone Park, Henderson’s 100-acre open space with a lake and hiking trails. KB Home is actively building single-family product in the Stone Lake community, in sizes ranging from 1,800 to 3,800 square feet. KB and Calida will share an entrance into the development, with the Calida product located along Stephanie Street, and leading to the Galleria Mall , with its premium amenities, including top schools and exclusive retail. Calida is scheduled to begin construction in fourth quarter 2015, with delivery expected in the fall of 2016.

“Multihousing is growing at a phenomenal rate in the valley compared to just a few years ago,” added Allsop. “Currently 2,500 units are under construction with another 2700 planned for 2016, and 2017.” Despite the expansion of multihousing product, it is estimated that the market will require 8,000 units of additional multifamily product – up to 60 percent more – to accommodate current demand.

Woodside Homes and Lennar secure parcels totaling 37 acres in Summerlin’s newest village

The Howard Hughes Corporation® (NYSE: HHC), developer of the Summerlin® master-planned community, announces today the sale of two parcels totaling 37acres in The Cliffs village to Woodside Homes and Lennar, two homebuilders with long track records of development in the community.   In fact Woodside Homes enjoys the distinction as Summerlin’s very first homebuilder with its Panorama Pointe neighborhood in The Hills village that welcomed the community’s first residents in March 1991.  Lennar has been building in Summerlin for nearly 20 years.

Woodside Homes plans to build approximately 72 single-family homes ranging from 2,500 to 3,200 square feet in its new Skystone neighborhood.  Lennar plans to also build approximately 73 homes ranging from 3,100 to 3,800 square feet in its new neighborhood, Jade Ridge.   Woodside plans to open models by year-end 2015, and Lennar plans to open models during first quarter 2017. Woodside and Lennar join Toll Brothers as the first homebuilders in The Cliffs.  Toll Brothers is actively developing Regency, a luxury age-qualified community with models open early 2016.

According to Peggy Chandler, senior vice president, Summerlin, these are the first of many more parcel sales to homebuilders in The Cliffs, Summerlin’s first village in nearly 12 years.  “Given the improved economy and a growing demand for housing, along with the unique design aesthetic of The Cliffs created by its stunning geography, homebuilders are excited about this opportunity,” Chandler said. “The Cliffs’ ‘rugged contemporary’ design standard will provide homebuyers with a home that offers indoor/outdoor living, spectacular scenery and a Summerlin address that includes the community’s hallmark quality of life created by its robust offering of amenities.”

Gatski Adds Brokers

mel-koich stephan-spelman craig-summers

Gatski Commercial announced their continued expansion of its Brokerage Services Division, welcoming several Senior Brokers from the former Lee & Associates Las Vegas office. Melvyn Koich, Stephen Spelman, Craig Summers, and Kim Koich-Keyes will be playing key roles in the continued development of the company’s industrial, and land divisions. Koich, Spelman, and Summers bring over 75-years of industrial expertise to Gatski.

Notable Colliers Transactions

 

 

Colliers LogoA sale to HB Nevada Properties LLC. The approximately 0.49 acre industrial property is located  at 6565 Arville St. in Las Vegas. The transaction amount was $1,068,000. Greg Pancirov SIOR  and Mike DeLew SIOR of Colliers International represented the buyer.

  • A sale to The Veneman Group. The approximately 12,900 square­foot industrial property is  located at 4460 Cheyenne Ave. in Las Vegas. The transaction amount was $720,000. Dean  Willmore SIOR of Colliers International represented the buyer.
  • A sale to Mosaic Five LLC. The approximately 2.35 acre vacant land property is located near  the Northwest corner of Martin Luther King Blvd. and Alexander Rd. at APN: 139­04­410­015 in  North Las Vegas. The transaction amount was $150,000. Vince Schettler of Colliers  International represented the buyer.
  • A lease to Lagomarsino Law Office. The approximately 3,563 square­foot office property is  located in the Seven Hills Medical Center II at 3005 W. Horizon Ridge Pkwy., Suite 241 in  Henderson. Bridget Richards CCIM and Jason Lesley CCIM of Colliers International  represented the lessor, Horizon MOB 3005 LLC. x
  • A lease to Gortronix. The approximately 960 square ­foot office property is located in the Valley View Business Center at 6380 S. Valley View Blvd., Suite 404 in Las Vegas. Renae E. Russo  KP, LEED GA of Colliers International represented the lessee.
  • A lease to Coach Inc. The approximately 5,169 square­ foot industrial property is located in the Eldorado Business Center at 7485 Dean Martin Dr., Suite 103 in Las Vegas. Dean Willmore  SIOR of Colliers International represented the lessor, TLF Logistics II Eldorado Business  Center.
  • A lease to F&F Electric Inc. The approximately 2,827 square­foot industrial property is located in  the Northpointe Business Center at 4241 N. Lamb Blvd., Unit 110 in Las Vegas. Dean Willmore  SIOR of Colliers International represented the lessor, FJM Holdings LLC and the lessee.

3890 E. Craig Rd Sells for $1,550,000

3890-CraigTimothy A. Rivard purchased the approximately 19,602 SF industrial property located at 3890 E. Craig Rd. in North Las Vegas. for $1,550,000 or $79.07/SF.  Dean Willmore SIOR of Colliers International represented the seller, JW Flooring Covering Inc. Greg Pancirov SIOR and Mike DeLew SIOR  of Colliers International represented the buyer.


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