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Category – April 2017

Don’t Miss Your Class On Evolution – NAIOP Breakfast August 17th

NAIOP Cautious Optimism for Recovery in 2013What: NAIOP Southern Nevada presents “The Evolution of Retail.” The breakfast meeting is sponsored by Cox Business and features a panel of local experts.

NAIOP Southern Nevada is also hosting a Back-to-School Supplies Drive to collect school supplies and monetary donations for Howard H. Hollingsworth Elementary School. Items requested include wide-ruled spiral notebooks, glue sticks, pencils, crayons, washable markers rulers, and other school supplies. Additionally, ties and gently used business attire are still being collected in August to benefit Communities In Schools.

NAIOP Southern Nevada provides educational and informative programs during its monthly member meetings on topics relevant to the commercial real estate development industry. Year-round, NAIOP Southern Nevada hosts mixers and educational programs for its members and potential members. To register or for more information, call (702) 798-7194 or visit www.naiopnv.org.

When: Thursday, Aug. 17

Registration, networking and refreshments begin at 7 a.m., followed by the program from 7:30-8:45 a.m.

Where:The Orleans Hotel & Casino, 4500 W. Tropicana Avenue, 2nd Floor convention area, Las Vegas, Nevada 89103

Who: Dan Hubbard, Cushman & Wakefield, agency leasing broker

Mitch Ogron, local developer, retail pad and multi-tenant properties

Frank Volk, RFK Retail Holdings, developer, Las Vegas Strip Retail update

Adam Malan, Logic Commercial Real Estate, moderator

NVAR survey shows more optimism in Nevada’s housing market

Greg Martin mug shot[1][2]The housing market in Nevada continues to improve and is in better shape today than it was two years ago.

So says a recent survey of nearly 600 REALTORS® from throughout the state conducted by the statewide Nevada Association of REALTORS®(NVAR).

In its most recent survey of its members, conducted via an online survey between March 22 and March 31, NVAR found that 71 percent of the 596 respondents said they believe the local housing market “got better over the past year.” That’s up from 65 percent of all Nevada REALTORS® who reported feeling that way when answering the same question about their local housing market in NVAR’s 2015 survey.

“This is more evidence that our members are increasingly optimistic about the housing market here in Nevada,” said NVAR President Greg Martin. “In fact, the percentage of REALTORS® who believe the housing market where they live and work is getting better was fairly consistent throughout the state, from Reno to Las Vegas and everywhere in between.”

Martin, a longtime REALTOR® who lives and works in Elko, said these results are consistent with his experience, and with similar research. For example, he cited a survey released in March by UNLV’s Lied Institute for Real Estate Studies in partnership with the Greater Las Vegas Association of REALTORS® (GLVAR). It found that more than nine out of 10 REALTORS® in Southern Nevada expect local home prices to keep going up in the next year.

Each quarter, Lied Institute researchers survey a select group of 31 of GLVAR’s leading real estate brokers about their expectations for home prices, sales and construction over the next quarter and next year. When asked where they thought local home prices were going in the next year, more than 90 percent of those who responded said they expected prices to go up. Less than 10 percent expected prices to stay about the same. None of the Southern Nevada REALTORS® who responded to the survey expected prices to go down over the course of the next year.

GLVAR officials said its first quarter 2017 results showed the highest level of overall confidence in the local housing market since it launched the quarterly survey in early 2016.

Like optimism among REALTORS®, home prices have been increasing in Nevada, with GLVAR reporting median single-family home prices rising by about 10 percent over the past year.

Likewise, the Reno-Sparks Association of REALTORS® (RSAR) recently reported that median single-family home prices in Northern Nevada have increased by about 8 percent over the past 12 months.

U.S. Industrial Market Maintains Record-Breaking Pace

cushman1U.S. industrial markets absorbed 53.8 million square feet (MSF) of space in the first quarter of 2017, well above the quarterly absorption average of 49.3 MSF witnessed during the current economic expansion and significantly higher than the average quarterly absorption of 40.6 MSF registered during the last two economic growth cycles, according to Cushman & Wakefield’s first quarter industrial market report.

The national industrial vacancy rate continued to decline in the first quarter, falling 20 basis points (bps) from Q4 2016 and 80 bps from a year ago to 5.3%. Industrial vacancy is now a full 300 bps below the 10-year historical average of 8.3%. Vacancy rates declined or held firm during the quarter in 51 of the 79 markets tracked by Cushman & Wakefield. Strong leasing fundamentals have driven vacancies for each industrial product lower than at any point in the last economic cycle.

John Morris, Executive Managing Director of Logistics & Industrial Services for the Americas, says the outlook for the industrial sector remains promising, and he expects 2017 to be another year of solid growth.

“Going forward, the demand drivers for industrial remain firmly intact,” Morris said. “Much of what drives demand for industrial space links to the U.S. consumer. With consumer confidence at its highest level in 16 years, growing optimism suggests consumer spending will accelerate.

“It isn’t just that consumers are spending, either,” Morris continued. “It is how they are purchasing, which is increasingly online. Online sales continue to drive significant requirements for new industrial space across the country. An uptick in eCommerce-related leasing by 3PLs and healthy demand from other logistics and distribution occupiers are fueling rent growth.”

U.S. industrial rents increased 4.2% in the first quarter compared to a year-ago. Industrial rents increased in 71 of 79 markets tracked by Cushman & Wakefield from the first quarter of 2016 to the first quarter of 2017, with over one-third of the country reporting double-digit gains. In many markets, industrial rents are now either at their historic high or quickly approaching it, and on a national level, we are witnessing rental rate appreciation for every industrial product type.

On the development front, 54.9 MSF of industrial product was delivered in the first quarter with the majority of deliveries coming online in major industrial markets and primary inland distribution hubs. Developers continued to break ground on more speculative projects in many markets. In the first-quarter, speculative projects under construction totaled 145.5 MSF, comprising 66.3% of the total 219.3 MSF currently under construction.

“Construction continues to ramp up nationally, with U.S. ground breakings up 24% since the fourth quarter of 2016, but the majority of speculative development remains concentrated in primary industrial markets, as does the most significant notable leasing volume,” said Jason Tolliver, Head of Industrial Research, Americas. “The Inland Empire, Dallas and Atlanta are where one-third of the nation’s speculative projects are underway, but these markets also turned in the strongest first-quarter leasing performance, comprising nearly 30% of all U.S. net absorption. The script has been the larger the market, the stronger the leasing, and the greater the development.

“Both eCommerce and international trade are driving logistics-related development, and the growth of both is accelerating,” Tolliver continued. “Given improved fundamentals, the current speculative pipeline and our expectation that 2017 will be another year where net absorption surpasses 225 MSF, there is some room left before supply catches demand. That gap will close first in the primary markets where a number of speculative projects are poised to come online in the next two quarters, but even then the market shift should be subtle.  There is no market where vacancy is poised to skyrocket due to pending deliveries.”

In the first quarter of 2017, the top 10 strongest markets in terms of demand for industrial space were Atlanta, with 6.4 MSF of absorption; Dallas/Ft. Worth, with 5.4 MSF; the Inland Empire, with 4.2 MSF; Cincinnati, with 4.0 MSF; Chicago, with 2.7 MSF; the Pennsylvania I-81/I-78 Distribution Corridor, with 2.6 MSF; Kansas City, with 2.6 MSF; Memphis, with 2.2 MSF; Phoenix, with 2.1 MSF; and Stockton, CA, with 2.0 MSF.

The tightest markets in terms of overall vacancy included Los Angeles, at 1.3%; Orange County, at 2.0%; Oakland/East Bay, at 2.3%; Cincinnati and Savannah, GA, at 3.0%; San Jose, at 3.1%; Nashville, at 3.2%; Charlotte and Seattle, at 3.4%; and Detroit, at 3.5%.

Las Vegas Commercial Real Estate Continues to See Growth in Industrial, Office Markets in 2017’s First Quarter

The first quarter Marketbeat report by Cushman & Wakefield Commerce for Las Vegas is now available, and it shows that the Las Vegas market continued its post-recession recovery in the first three months of 2017. The reports detail the industrial, office and retail markets, as well as the general state of the economy and commercial real estate in Southern Nevada.

“The first quarter continued the positive upswing that Las Vegas and Southern Nevada has been experiencing recently, with strong indications that the overall commercial real estate market will continue to strengthen in 2017,” said Michael Dunn, market leader for the Las Vegas office of Cushman & Wakefield Commerce. “The industrial market is the strongest sector at the moment, and the momentum of the industrial market is expected to continue for the balance of the year. The industrial market is tight right now, particularly for smaller to medium sized companies. Construction is brisk; however, most of the buildings coming online are for companies seeking large spaces such as those in the e-commerce and distribution market.”

New construction continued to improve, especially in the industrial sector with more than 4.7 million square feet of buildings are expected to be delivered in the upcoming quarters. North Las Vegas and Henderson submarkets led the way with more than 4 million square feet of new industrial construction.

The office market’s occupancy improvement continued in the first quarter with a decreased vacancy rate. The retail market, however, will continue to remain landlord friendly in regards to neighborhood and power centers in the foreseeable future. E-commerce continues to disrupt major retailers as store closures and bankruptcies continue to make headlines both nationally and locally.

Las Vegas Industrial Snapshot

The overall industrial vacancy rate continues to remain relatively low at 5.7 percent. If demand in the large e-commerce and distribution demand wanes, then there may be greater availability later this year with supply outweighing demand. The question is if demand will keep pace with supply in the big box sector.

Las Vegas Office Snapshot

The Las Vegas office vacancy rate was 15.1 percent at the close the end of March 2017, which is down 2 percent from the first quarter of 2016. New office construction during the first quarter totaled more than 100,000 square feet and is expected to continue to rise in the upcoming quarters.

Las Vegas Retail Snapshot

The retail real estate market slowed down in the first quarter, but continues to see a positive absorption rate, which is expected to remain positive through 2017. It is also expected that lease rental rates will continue to rise and vacancy rates will continue to decrease in neighborhood and power centers, until more construction begins in the Las Vegas retail market. One recent event that could make a huge impact on the Las Vegas retail real estate market in the next few years is arrival professional football. The relocation of the Oakland Raiders to Las Vegas and the new 65,000-seat stadium is expected to result in 6,000 new jobs for the market.

To access the full Marketbeat reports, please visit: http://www.comre.com/research

Cushman & Wakefield Commerce Transactions

222rainbowOpteo Health, Inc leased 940 SF of office space at Rainbow Office Park, 222 S Rainbow Blvd, Ste 104, Las Vegas 89145. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, 222 Rainbow, LLC.

 

 

 

 

8020sahara Stephen R Kopolow, PC renewed 1,109 SF of office space at  Money World Center, 8020 W Sahara Ave. Stes 220 & 225, Las Vegas 89117. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, WCCP I&II Sahara, LLC.

 

 

 

 

10740sahara Simcha, LLC leased 1,492 SF of retail space at Sun West Crossing, 10740 S Eastern Ave, Ste 115, Henderson 89052. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessee.

 

 

 

 

6433charlestonCash 1, LLC leased 2,159 SF of retail space at 6433 W Charleston Blvd, Las Vegas 89146. Lauren Tabeek, CCIM and Katelyn Panella represented the lessor, Andrea J and Susan R Russo.

 

 

 

 

4584ranchoMirnai Enterprises, LLC purchased 5,135 SF of industrial space for $515,000 at 4584 N Rancho Dr, Las Vegas 89130. Jennifer Levine, CCIM and Elizabeth Moore of Cushman & Wakefield Commerce represented the buyer.

 

 

 

 

1860whitneyNeometrx, Inc renewed 3,500 SF of office space at 1860 Whitney Mesa Dr, Ste 130, Henderson 89014. Jennifer Levine, CCIM and Elizabeth Moore of Cushman & Wakefield Commerce represented the lessor, Whitney Mesa Industrial, LLC.

 

 

 

4322alexanderLiber, LLC dba Axle Transmission, Inc leased 5,450 SF of industrial space at 4322 Alexander Rd, Las Vegas 89115. Danielle Steffen, SIOR and Amy Ogden, SIOR of Cushman & Wakefield Commerce represented the lessee.

 

 

 
3675rainbowRDJD, Inc, a Nevada Corporation leased 1,000 SF of retail space at  Rainbow Springs, 3675 S Rainbow Blvd, Ste 107, Las Vegas 89103. Dan Hubbard and Jason Park of Cushman & Wakefield Commerce represented the lessor, W&W Partnership, a Nevada General Partnership.

 

 

 

2960meadeB.I Incorporated leased 4,662 SF of industrial space at Palms Business Center, 2960 Meade Ave, Las Vegas 89102. Bob Hawkins and Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Fisher Brothers Las Vegas, LLC.

 

 

 
126cassiaLevel Ride Air Suspension, LLC leased 4,025 SF of industrial space at Black Mountain Pointe, 126 Cassia Way, Ste 110, Henderson 89014. Travis Noack of Cushman & Wakefield Commerce represented the lessee.

 

 

 

 

6655saharaWiley Fred Ledford dba Fred Ledford Agency, Inc renewed 900 SF of office space at Marbeya Business Park, 6655 W Sahara Dr, Ste C116, Las Vegas 89146. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, Pacific Peninsula, LLC.

 

 

 

 

6655saharaCoffey and Rader, CPA’s renewed 1,512 SF of office space at Marbeya Business Park, 6625 W Sahara Ave, Ste P001, Las Vegas 89146. Nick Barber and Jeremy Foley of Cushman & Wakefield Commerce represented the lessor, Pacific Peninsula, LLC.

 

 

 

3019meadeSam’s Collision Center, LLC renewed 15,000 SF of industrial space at 3019 Meade Ave, Las Vegas 89102. Leo Biedermann of Cushman & Wakefield Commerce represented the lessor, Fisher Brothers Las Vegas, LLC.

 

 

 

655craigAmarjit S Kutar renewed 1,321 SF of retail space at Craig Promenade, 655 W Craig Rd, Ste 112, North Las Vegas 89032. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessor, RREF II-KI Promenade, LLC.

 

 

 

320sandhiJack in the Box, Inc renewed retail space at Bowler Plaza, 320 N Sandhill Blvd, Mesquite 89027. Dan Hubbard of Cushman & Wakefield Commerce represented the lessor, Las Virgenes, LLC.

 

 

 

101conCML Media Corp leased 16,936 SF of office space at 101 Convention Center Dr, Ste 400, Las Vegas 89109. Bob Hawkins, Jayne Cayton, and Matt Kreft of Cushman & Wakefield Commerce represented the lessor, Vegasstarr LLC and Concord Prime LLC.

 

 

 

101conVilen Kazaryan, and individual, leased 3,649 SF of office space at 101 Convention Center Dr, Ste 1225, Las Vegas 89109. Bob Hawkins, Jayne Cayton, and Matt Kreft of Cushman & Wakefield Commerce represented the lessor, Vegasstarr LLC and Concord Prime LLC.

 

MDL Group Recent Transactions

  • mdl 2A sale transaction was completed for a single tenant at Spanish Trail Business Park approximately ±5,000 sq ft. This property is located at 4982 S Rainbow Blvd Las Vegas, NV 89118. Jerry Hagfeldt, Jarrad Katz SIOR, CCIM and Galit Kimerling of MDL Group represented the seller. The property sold for $950,000.
  • A sale transaction was completed for a single tenant NN leased surgery center of approximately ±4,800 sq ft. This property is located at 3150 W Charleston Blvd Las Vegas, NV 89102. Jarrad Katz SIOR, CCIM and Galit Kimerling of MDL Group represented the seller. The property sold for $1,972,800.
  • A lease transaction completed at 3875 S Jones Blvd #102 & 103 to Adrenaline Studios, of approximately ±5,000 square feet. The office space is located at 3875 S Jones Blvd #102 & 103 Las Vegas, NV 89103. Lisa Anderson of MDL Group represented the tenant.
  • A lease transaction completed at 2475 W Cheyenne Ave to Gold Metal Service, of approximately ±2,183 square feet. The industrial space is located at 2475 W Cheyenne Ave North Las Vegas, NV 89032. Marty Martell of MDL Group represented the landlord.
  • A lease transaction completed at 2267 W Gowan Rd to Jesse Potter, of approximately ±1,250 square feet. The industrial space is located at 2267 W Gowan Rd North Las Vegas, NV 89032. Marty Martell of MDL Group represented the landlord.
  • A lease transaction completed at 4550-4560 Donovan Way to Fix My Ac LLC, of approximately ±1,224 square feet. The industrial space is located at 4550-4560 Donovan Way North Las Vegas, NV 89081. Marty Martell of MDL Group represented the landlord.
  • A lease transaction completed at 2750 W Brooks Ave to Rapid Recovery, of approximately ±1,939 square feet. The industrial space is located at 2750 W Brooks Ave North Las Vegas, NV 89032. Marty Martell of MDL Group represented the landlord.
  • A lease transaction completed at Augusta Park to Salisi Human Capital, of approximately ±1,179 square feet. The office space is located at 1485 W Warm Springs #133 Henderson, NV 89014. Brendan Leake of MDL Group represented the tenant.
  • A lease transaction completed at Spanish Trail Business Park to Robertson Bright Inc, of approximately ±2,402 square feet. The office  space is located at 4966 S Rainbow Blvd Las Vegas, NV 89118. Brendan Leake and Hillary Steinberg of MDL Group represented the landlord.
  • A lease transaction completed at Peak Professional Plaza to GS Integrated Health Care, of approximately ±2,533 square feet. The office space is located at 7250 Peak Dr Las Vegas, NV 89128. Brendan Leake and Jerry Hagfedlt of MDL Group represented the landlord.
  • Three lease transactions completed at Cheyenne Fountains to Sweet House, Bike Worx and Vegas Strip Jerky LLC, of approximately ±4,400 square feet. The retail spaces are located at 7440-7450 W Cheyenne Ave Las Vegas, NV 89129. Hillary Steinberg and Jason Rosenberg of MDL Group represented the landlord.
  • A lease transaction completed at South Park Plaza to Ink Masters Las Vegas, of approximately ±800 square feet. The retail spaces is located at 5645 S Eastern Ave #6 Las Vegas, NV 89119. Hillary Steinberg of MDL Group represented the landlord.
  • A lease transaction completed at West Sahara Town Plaza to MXI Studios, Inc, of approximately ±900 square feet. The retail space is located at 6332 W Sahara Ave, Las Vegas, NV 89146. Hillary Steinberg and Jason Rosenberg of MDL Group represented the landlord.
  • A lease transaction completed at Lake Mead Center to Davita Medical NV, of approximately ±2,800 square feet. The office space is located at 129 W Lake Mead Pkwy, Henderson, NV 89015. Jerry Hagfedlt of MDL Group represented the landlord.
  • A lease transaction completed at Green Valley Corporate Center to Progistics-TAG, of approximately ±10,072 square feet. The office space is located at 2270 Corporate Circle Dr #220 Henderson, NV 89074. Jerry Hagfedlt of MDL Group represented the tenant.

Colliers Transactions of Note

  • 5180 Cameron StA sale to SUNPROA, LLC. The approximately 96,500 square foot industrial property is located at 5180 Cameron St. in Las Vegas. The transaction value was $10,000,000. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the seller, CAM 96.5 LLC.

 

 

 

 

  • 250 Falcon Ridge ParkwaA sale to Double X Ranch Limited Partnership. The approximately 14,820 square foot retail property is located at 250 Falcon Ridge Pkwy in Mesquite. The transaction value was $5,553,600. David Grant, Grant Traub, and Chris Connell of Colliers International represented the seller, Mesquite Power Center LLC.

 

 

 

 

  • Screen ShotA sale to Legacy House of Summerlin LLC. The approximately 5.00 acre land parcel is located at the northeast corner of Grand Canyon Dr. and Sunset Rd. (APN: 163-31-801-005) in Las Vegas. The transaction value was $2,375,000. Frank Marretti of Colliers International represented the buyer.

 

 

 

 

  • 6230 South Decatur BoulevardA lease Game Changer Sports Inc. The approximately 20,000 square foot retail property is located at 6230 S. Decatur Blvd. in Las Vegas. Eric Molfetta, CCIM and Chris Zunis of Colliers International represented the lessor, Sobb LLC.

 

 

 

 

  • ???????????????????????????????A lease Cotonoha Co. The approximately 4,262 square foot industrial property is located in Decatur Bell Commerce Center at 5030 S. Decatur Blvd., Suite F & G in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR and Dean Willmore, SIOR of Colliers International represented the lessor, FJM Vegas Holdings LLC.

 

 

 

 

  • 126 Cassia Way, Suite 110A lease to Level Ride Air Suspension LLC. The approximately 4,025 square foot industrial property is located in Black Mountain Pointe at 126 Cassia Way, Suite 110 in Henderson. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, AISSAC LLC.

 

 

 

 

  • 3853 East Craig Road, Suite 12A lease to Pioneer Equipment Inc. The approximately 2,575 square foot industrial property is located in Craig Business Center at 3853 E. Craig Rd., Suite 12 in North Las Vegas. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, T Properties LLC.

 

 

 

 

  • 7460 West Lake Mead Boulevard, Suite E6-E7A lease to Solo Qui LLC. The approximately 1,990 square foot retail property is located in Summerlin Gateway at 7460 W. Lake Mead Blvd., Suite E6-E7 in Las Vegas. Al Twainy, CCIM and Amelia Hyden of Colliers International represented the lessor, Gateway Plaza 31 LLC.

 

 

 

 

  • 4345 Corporate Center Drive, Suite 203A lease to A.S.A.P. Mold and Water Restoration LLC. The approximately 1,209 square foot industrial property is located in Corporate Center Business Park at 4345 Corporate Center Dr., Suite 203 in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, The Realty Associates Fund XI LP.

 

 

 

 

  • 2654 West Horizon Ridge Parkway, Suite B-13A lease to Speedy Singhs Inc. The approximately 1,020 square foot retail property is located in Horizon Pointe Shopping Center at 2654 W. Horizon Ridge Pkwy, Suite B-13 in Henderson. David Grant of Colliers International represented the lessor, Villa La Paloma LLC.

 

 

 

 

 

  • 8766 South Maryland Parkway, Suite 102A lease to VanDahl Inc. The approximately 466 square foot office property is located in Scottsdale Plaza at 8766 S. Maryland Pkwy, Suite 102 in Las Vegas. Chris Connell and Grant Traub of Colliers International represented the lessor, SREF Scottsdale Plaza LLLP.

CBRE Sales Heating Up

CBRECBRE announced the following transactions:

The sale of a single-tenant office building located 2534 Anthem Village Dr., Henderson, NV 89052. Charles Moore, CSM, and Marlene Fujita-Winkel of CBRE’s Las Vegas office represented the buyer, Conejo Valley Properties, a California LLC, in the $1,261,000 transaction encompassing 5,040 square feet. The seller, Robison Seidler Inc, was represented by Eric Larkin of NAI.

The sale of Sahara Rainbow Center, a retail center located at 2350 S. Rainbow Blvd., Las Vegas, NV 89146. Charles Moore, CSM, and Marlene Fujita-Winkel of CBRE’s Las Vegas office represented the seller, Ominet Sahara, LLC, in the $7,850,000 transaction encompassing 54,924 square feet. The buyer, The Canzoneri Family Trust, was represented by Robert Ybarra, also of CBRE’s Las Vegas office. The property is situated near the corner of Rainbow Boulevard and Sahara Avenue, and according to Fujita-Winkel, is 87 percent leased.

The sale of a vacant building located 4495 S. Pecos Rd., Las Vegas, NV 89121. Charles Moore, CSM, and Marlene Fujita-Winkel of CBRE’s Las Vegas office represented the seller, Wayward Properties, Inc., in the $1,335,000 transaction encompassing 9,454 square feet. The buyer, SSWD Revocable Trust, was represented by Michelle Manley of Award Realty. The property is located near the corner of Pecos Road and Harmon Avenue.

Sun Commercial Secures Retail And Office Leases In Las Vegas

4000 S. Eastern AveThe Lease with WFG National Title Insurance Company was completed on March 28, 2017. The 2,287 squarefoot office space is located at 4000 S. Eastern Avenue, Ste#100, Las Vegas, NV. The total value of the transaction was $242,552.97. Edward Bassford and Michael Brazill of Sun Commercial Real Estate, Inc. represented the Landlord, AILP, LLC and The Stone Group represented the Tenant, WFG National Title Insurance Company.

 

 

 

 

 

RosatiThe Lease with Las Vegas Metro Police Department was completed on April 1, 2017. The 3,223 square-foot retail space is located at 10020 W. Cheyenne Avenue, Ste #100, Las Vegas, NV. The total value of the transaction was $110,226.60. Rob Moore and Matt Patros of Sun Commercial Real Estate, Inc. represented the Landlord, Sunstone Lone Mountain LLC and the Tenant was unrepresented.

CommCap Advisors Welcomes Shelly Dunbar And Expands Into Reno Market

DunbarCommCap Advisors is pleased to announce the hiring of Shelly Dunbar as an Associate Vice President. Mrs. Dunbar will open CommCap Advisors’ Reno office, concentrating on the Reno MSA and Lake Tahoe markets. In partnership with Adam Gregory, of the Las Vegas CommCap office, Mrs. Dunbar will represent CommCap’s multiple Life Insurance Company, CMBS, Bank and Agency lending sources.

Together, Gregory and Dunbar can craft financing solutions for borrowers throughout the state of Nevada. Shelly brings several years of commercial real estate experience to her new role, having worked for Nevada State Bank (Reno branch), CommCap Advisors (Las Vegas Office), Northcap Commercial, and the PENTA Building Group. Dunbar earned a Bachelor’s degree in Finance and Marketing from the University of Nevada, Las Vegas. She is a 2011 graduate of the Las Vegas Metro Chamber of Commerce’s Leadership Las Vegas and a graduate of NAIOP’s Developing Leaders Institute. Shelly also served on the management committee for Urban Land Institute Nevada.


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