4800 Alpine LLC bought a two-story 19,752-square-foot Decatur Professional Building, on 0.78 acres, at 4800 Alpine Place in Las Vegas for $1.5 million, or $76-per-square-foot, from Word of Life Christian Center. Sun Commercial Real Estate’ Lisa Hauger represented the seller.
Category – January 2014
Angels Academy Childcare signed a 5-year, $253,215 lease for 3,073 square feet of retail space inside Green Valley Town Center II at 4500 E Sunset Road, Suite 16, in Henderson. American Nevada Co.’s Alicia Halferty and Charles Van Geel represented the lessor, Green Valley Commercial LLC; Windermere Anthem Hills Real Estate’s Jason Burdett represented the lessee. The reported average rent equals $1.37 per square foot.
Americana Holdings named Gordon Miles president and chief operating officer of Prudential Americana Group Realtors in Nevada and Arizona. The franchise is Prudential Real Estate’s fourth largest in North America and last year posted more than $2.4 billion in annual sales.
TMC Financing today provided over $22 million in SBA 504 financing for 38 Nevada business owners in 2013. The money helped purchase commercial real estate and large equipment for expanding operations, creating and retaining 1,554 jobs in Clark County alone. “Last year we saw signs of growth in the commercial real estate market for Clark County, which is a great sign for a rebound of the overall economy,” said Cindy Santilena, CCIM, Senior Vice President of business development at TMC Financing. “We predict we will see continued growth in 2014.”
Assured Credit signed a 26-month $32,028 lease for 1,348 square feet of office space at 1050 E. Sahara Ave, Suite 202, in Las Vegas. Virtus Commercial’s Matt Feustel represented both the lessee and the lessor, St Anthony and St Anne, LLC. The reported average rent equals 91 cents per square foot.
Cacsff REIT bought 5 acres of land at Cactus Avenue and El Capitan Way in Las Vegas for $800,000, or $160,000-per-acre, from RMB Real Estate LLC. Colliers International’s Vince Shettler represented the seller.
Real Capital Corp. bought an 8,300-square-foot retail building, on 1.26 acres, inside Southpoint Plaza at 10420 S. Eastern Ave. in Henderson for $830,000, or per square foot, from Coronado Eastern LLC. Colliers International’s Dean Willmore represented the seller.
Doug Lim and Bryan Jefferson signed a 30-month $39,468 lease for 1,430 square feet of retail space inside the 11-year-old Fort Apache Twain Shopping Center, on 2.27 acres, at 3665 S. Fort Apache Road, Suite 105, in Las Vegas. Virtus Commercial’s Troy Tobler represented the lessor, Twin 168 LLC; Realty One’s Jenny Hsieh represented the lessee. The reported average rent equals 92 cents per square foot.
Bauman Lowe Witt Maxwell signed a 2-year $72,360 lease for 1,800 square feet of office space inside Bonneville Square at 530 S. Las Vegas Blvd. in Las Vegas. Virtus Commercial’s Michael Vesely and Chris Emanuel represented the lessor, Bonneville Square et al. The reported average rent equals $1.68 per square foot.