Category – October 2012
foot on a triple-net basis. For the full report, CLICK HERE.
Harsch Investment Properties awarded the listing of its 359,000-square-foot Paradise Airport Center at 1110 Palms Airport Drive inside the McCarran International Airport submarket to the David Scherer Group of Newmark Grubb Knight Frank. The Las Vegas industrial center has available units ranging from 8,000 square feet to 50,000 square feet.
600 Whitney Ranch Dr., Suite B 6-8, in Henderson. Gatski Commercial’s Rob Lujan and Jason Simon represented the landlord, Equus Investment Group. The reported average rent equals $2.05 per square foot.
Southern Nevada’s retail market saw third quarter vacancy decline by eight-tenths of a point to 10.3%, as net absorption more than doubled from last quarter to 345,831 square feet, reports John Stater, research director for the Las Vegas office of Colliers International. No new anchored retail projects were completed the third quarter as asking rents continued to decline. For the full report, CLICK HERE.