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Category – 2017 Archive

Sun Commercial Completes Notable Land, Property and Lease Transactions

Durango_OquendoThe Sale of APN 163-32-601-008 was completed on August 8, 2017. The 4.18 acre parcel is located on the SWC of Durango Drive and Oquendo Road, Las Vegas, NV 89148. The total value of the transaction was $3,190,000.00. Michael Brazill and Edward Bassford of Sun Commercial Real Estate, Inc. represented the Seller, Durango Oquendo LLC and Simply Vegas represented the Buyer, Thanhnhi Trust.
Northbrooke3 005The Lease with The Center was completed on July 13, 2017. The 6,678 square-foot office space is located at 4325 N. Rancho Drive, Suite 110 & 120, Las Vegas, NV 89130. The total value of the transaction was $402,683.40. Lisa Hauger, Tim Behrendt and Timothy Erickson of Sun Commercial Real Estate, Inc. represented the Landlord, SLP Northbrooke 3 LLC and New Growth Commercial RE represented the Tenant, The Center.
4650 Judson - FeatureThe Sale of an industrial building was completed on July 27, 2017. The 5,910 square-foot space is located at 4650 Judson Avenue, Unit A, Las Vegas, NV 89115. The total value of the transaction was $295,000.00. Timothy Erickson, Lisa Hauger and Tim Behrendt of Sun Commercial Real Estate, Inc. represented the Seller, Sinicrope & Sons Inc. and Century 21 Gavish Real Estate represented the Buyer, OS Housing Company LLC.
3000 W Ann RoadThe Lease with 6th Gear Enterprises, LLC was completed on July 25, 2017. The 2,905 square-foot retail space is located at 3000 W. Ann Road, Suite 105 & 106, North Las Vegas, NV 89031. The total value of the transaction was $273,216.00. Lisa Hauger, Timothy Erickson, and Tim Behrendt of Sun Commercial Real Estate, Inc. represented the Tenant, 6th Gear Enterprises, LLC and Virtus Commercial represented the Landlord, Simmons Centre, LLC.
5440 W. Sahara AveThe Lease with Collection Consultants Nevada, LLC was completed on July 1, 2017. The 2,661 square-foot office space is located at 5440 W. Sahara Avenue, Suite 300, Las Vegas, NV 89146. The total value of the transaction was $192,684.24. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Tenant, Collection Consultants Nevada, LLC and Tim Behrendt, Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate, Inc. represented the Landlord, Sahara Vista, LLC.

Colliers Transactions of Note

Grand Canyon Drive and Rochelle AvenueA sale to KJC Capital Holdings LLC. The approximately 0.72 acre land parcel is located on the southeast corner of Grand Canyon Dr. and Rochelle Ave. in Las Vegas. The transaction value was $325,000. Brian Fike of Colliers International represented the buyer, KJC Capital Holdings LLC and seller, Brentwood Heights LLC.
 

 
 
517 West Sunset RoadA lease to Bus Fleet North America Inc. The approximately 5,800 square foot industrial property is located in Sunset Pointe Industrial Center at 517 W. Sunset Rd. in Henderson. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, Sunset Pointe Group LLC.

 

 

 

 
6035 Harrison Drive, Suite 1-2A lease to Michael E. Smith. The approximately 5,732 square foot industrial property is located in Patrick Airport Center at 6035 Harrison Dr., Suite 1-2 in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented thelessor, Stockbridge Patrick and Mojave LLC.

 

 

 
DCIM100MEDIAA lease to 75 Degrees LLC. The approximately 4,991 square foot industrial property is located in Highland Industrial Center at 2910 S. Highland Dr., Suite F in Las Vegas. Chris Connell and Grant Traub of Colliers International represented thelessor, FKC Highland LLC.

 

 

 

 

DCIM100MEDIAA lease to Garage Solutions of Nevada Inc. The approximately 4,935 square foot industrial property is located in Highland Industrial Center at 2910 S. Highland Drive, Suite E in Las Vegas. Chris Connell and Grant Traub of Colliers International represented thelessor, FKC Highland LLC.

 

 

 

 
5140 Rogers Street, Suite A & BA lease to R&V Enterprises Inc. The approximately 4,800 square foot industrial property is located in Pace Commerce Center at 5140 Rogers St., Suite A & B in Las Vegas. Greg Pancirov, SIOR, Mike DeLew, SIOR and Dean Willmore, SIOR of Colliers International represented thelessor, FJM Vegas Holdings LLC.

 

 

 

 
6255 South Mojave Road, Suite GA lease to Nicewell International Corporation. The approximately 3,500 square foot industrial property is located in Mojave Airport Center at 6255 S. Mojave Rd., Suite G in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR, Chelsy Cardin and Alex Stanisic of Colliers International represented thelessor, Stockbridge Patrick and Mojave LLC.

 

 

 
5140 Rogers Street, Suite DA lease to Home by Jackie Inc. The approximately 3,112 square foot industrial (renewal) property is located in Pace Commerce Center at 5140 Rogers St., Suite D in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR and Dean Willmore, SIOR of Colliers International represented thelessor, FJM Vegas Holdings LLC.

 

 

 

 
4483 West Reno AvenueA lease to Home by Jackie Inc. The approximately 2,727 square foot industrial (expansion) property is located in Pace Commerce Center at 4483 W. Reno Ave. in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR and Dean Willmore, SIORof Colliers International represented the lessor, FJM Vegas Holdings LLC.

 

 

 

 
OLYMPUS DIGITAL CAMERAA lease to Shigeki Sato. The approximately 778 square foot office property is located in Flamingo Grand Plaza at 1050 E. Flamingo Rd., Suite E-229 in Las Vegas. Chris Connell and Grant Traubof Colliers International represented the lessor, FKC Flamingo LLC.

California Investor Buys El Pollo Loco Property

2375 saharaBonanni Holdings Nevada LLC , an all cash private investor from California purchased El Pollo Loco, a 2,655-square foot net-leased property located at 2375 East Sahara Avenue in Las Vegas, Nevada. The asset sold for $2,100,000.

Tina D. Taylor, an investment specialist in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the Seller, Oakmont West, LLC.  The buyer was an all-cash private investor from California.

Taco Bell Changes Hands

6010 tropicanaMarcus & Millichap announced the sale of Taco Bell, a 2,488-square foot net-leased property located at 6010 W Tropicana Ave in Las Vegas, Nevada. The asset sold for $2,050,000.

Tina D. Taylor, First Vice President Investments in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, MRFT, LP.  This was an all-cash exchange buyer from California.

Local REALTORS® Donating School Supplies to Boys & Girls Clubs on Friday

BackPack-Gaughan23Who:       Local REALTORS® are teaming up with Boys & Girls Clubs throughout the state to donate school supplies for students served by the clubs. The donation drive is organized by the Nevada Association of REALTORS® (NVAR) and its LeadershipNVAR Class of 2017, with help from the Greater Las Vegas Association of REALTORS® (GLVAR).

What:     On Friday, local REALTORS® are visiting the Boys & Girls Club at 2850 Lindell Road in Las Vegas to deliver thousands of dollars in school supplies, including hundreds of backpacks, to children who need them.LeadershipNVAR, NVAR’s signature program for personal and professional growth, organized the drive as part of its annual class project. REALTORS®donated and collected more than $20,000 in school supplies at designated locations around the state.

When and where:

Friday, Aug. 18, at 3:30 p.m.

Lied Clubhouse, 2850 Lindell Road in Las Vegas

Why:       Although the school year has begun, REALTORS® recognize that many students still don’t have everything they need. Boys & Girls Clubs serve as a home away from home for nearly 4 million kids each year, including thousands of children in need here in Nevada.

Cushman & Wakefield To Acquire Partner Firms In Minneapolis, Seattle, Salt Lake City, & Las Vegas

Pantone_Cushman_Wakefield_CommerceBig news out of Cushman & Wakefield Commerce. The company’s operations in Salt Lake City, Las Vegas and Seattle as well as its sister company, Cushman & Wakefield NorthMarq, based in Minnesota, have been acquired. The buyer is the global corporation, Cushman & Wakefield.

Through this acquisition, 750 employees, including 200 brokers from Utah, Nevada, Washington and Minnesota will now be formally part of one of the largest commercial real estate companies in the world. Far more than an acquisition, this agreement represents the formal merging of these regional offices with a major global powerhouse and will impact the local market in a major way by adding formal, global resources to ground floor brokers.

CHICAGO, August 15, 2017 – Cushman & Wakefield today announced it has entered into an agreement with NorthMarq Companies, a private holding company of the Pohlad family of Minneapolis, to acquire Cushman & Wakefield NorthMarq (CWN) in Minnesota and Cushman & Wakefield Commerce (CWC) operations in Nevada, Utah and Washington.

Collectively, Cushman & Wakefield NorthMarq and Cushman & Wakefield Commerce employ 750 employees and manage almost 50 million square feet of real estate across 10 offices.

“This is far more than an acquisition – this is the formal merging of a trusted partner into our company,” said Tod Lickerman, Chief Executive Americas. “This also affirms our commitment to our clients to offer them the best strategic advice and our full platform of services wherever they do business.”

Eduardo Padilla, CEO, NorthMarq Companies, added, “We believe there is a logical and compelling reason to sell our operations to Cushman & Wakefield at this time. Specifically, the industry is consolidating, with sophisticated clients needing a seamless platform irrespective of geography or service. We’re incredibly proud of this team’s achievements and excited to see them merge into Cushman & Wakefield’s operations.” NorthMarq Companies and NorthMarq Capital are not included in this acquisition.

Cushman & Wakefield also announced that the leadership teams in the four markets will remain in place.

 

Marcus & Millichap Transacts NNN Property Located On Prime Site

foodMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Former Food 4 Less, a 47,625-square foot net-leased property located at 3864 W Sahara Ave in Las Vegas, Nevada. The asset sold for $5,300,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Ray Germain, First Vice President Investments, and Candace Bare, Senior Associate, in Marcus & Millichap’s Las Vegas office, had the exclusive listingto market the property on behalf of the seller, an individual/personal trust. The Equity Group’s Joseph Anderson and Steve Nosrat represented the Buyer.

This former (dark) Food 4 Less grocery store is located at 3864 West Sahara Avenue in Las Vegas, NV.  According to Germain and Bare, “This transaction represented an excellent opportunity to acquire a 47,625-square foot building situated upon 3.81 acres of land in a densely populated, peak trade area of Las Vegas. The property is located within a uniquely positioned shopping center with tremendous potential for upside. This anchor space is well-poised for redevelopment, with the added flexibility of the continued benefits of the triple net lease with the previous occupant remaining intact while the Buyer determines the appropriate use.”

Virtus Commercial Recent Transactions Across The Region

Valley View BusinessLocate Holdings, Inc has leased approximately 1,920 SF of industrial space at Valley View Business Center, located at 6280 S. Valley View Blvd. Ste. 614, in Las Vegas.  Theresa Vinuya with Heller Companies represented the Lessor, York Nevada Management, LLC II and Matt Feustel of Virtus Commercial represented the Lessee.

 

 

 

 

 

Copper PointeIglesias Bautista La Senda has leased approximately 1,475 SF of office space at Copper Pointe, located at 4510 S. Eastern Ave. Ste. 1, in Las Vegas.  Jakke Farley of Virtus Commercial represented the Lessor, Murphy Family Trust.

 

 

 

 

 

arville industrialEC Supplies, LLC and Premium Granite, LLC has leased approximately 2,280 SF of industrial space at Arville Industrial Park, located at 4560 S. Arville St., in Las Vegas.  David Burns of Commercial Specialists represented the Lessor, 4520 Orville and McKinley Manor and Erick Ramirez of Virtus Commercial represented the Lessee.

 

 

 

 

 

Buffalo AltaSameer Z. Israel has leased approximately 1,498 SF of retail space at Buffalo Alta Center, located at 450 S. Buffalo Dr. Ste. 112, in Las Vegas.  Jackie Zlatanovski of Virtus Commercial represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Buffalo Alta Center, LLC.

 

 

 

 

 

 

 

Century ParkRobinson Law Group, CHTD has leased approximately 1,025 SF of office space at Century Park, located at 1771 E. Flamingo Rd. Ste. B120, in Las Vegas.  Brian Antflick of Era Brokers Consolidated – Gladstein Group, represented the Lessee and Brett Beck of Virtus Commercial represented the Lessor, Flamingo Spencer Garden LLC.

Marcus & Millichap Represent Sale Of 3878 Palos Verdes

3878 Palos VerdesMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of a 16-unit apartment property located at 3878 Palos Verdes Street in Las Vegas, Nevada. The asset sold for $920,000, according to Todd R. Manning, regional manager of the firm’s Las Vegas office.

Marco A. Walton, Associate in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Walton as well.


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