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Category – December 2017

G2 Capital Development Acquires Campus Village

campusvillageLas Vegas-based G2 Capital Development, a privatelyowned commercial real estate development company, is pleased to announce its newest acquisition along the Maryland Parkway corridor. Campus Village, consisting of approximately 3 acres of land with two buildings totaling +/-39,185 SF of space at the northeast corner of Maryland Parkway and Harmon Ave., is now a part of G2 Capital Development’s real estate portfolio.

“We are excited to have purchased Campus Village, and look forward to continuing to operate the property, as well as evaluating potential redevelopment opportunities,” said Frank Marretti, Founder and Owner of G2 Capital Development. “Our commitment to the Maryland Parkway corridor is stronger than ever.”

Campus Village is a commercial center consisting of a mix of retail and office tenants. Built in the late 1970s, the property consists of one two-story building with frontage along Maryland Parkway and adjacent to UNLV, and one single-story building set back to the east along Harmon Avenue. Tenants at Campus Village offer a host of different services to UNLV students, as well as to local residents, including food services, salon services, and other retail shops.

Campus Village is the third major investment in property along Maryland Parkway for G2 Capital Development. Just south of Campus Village , the University Gateway project is about to begin its final phase of construction with an 8-story mixed-use building consisting of retail, office and luxury apartment units, containing approximately +/-180,000sf. Construction on this $60+ million dollar project is expected to begin within the next few weeks. Earlier this year, G2 Capital Development entered into agreements to re-develop a 4+ acre site just north of Campus Village as well as completing Phase I of the University Gateway project by constructing and delivering a seven-story parking garage with approximately 820 parking spaces and 10,000 square feet of office space to be used for a UNLV police substation.

Recent Colliers Transactions of Note

5720 & 5740 South Arville StreetA sale to Russell Commerce Center LLC. The approximately 98,334 square foot industrial property is located in Russell Commerce Center at 5720 & 5740 S. Arville St. in Las Vegas. The transaction value was $13,000,000. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the buyer.

 

 

 

 
7336 West Post Road, Unit 6A sale to Demetrio R. Tuason and Maria Concepcion. The approximately 1,505 square foot office property is located in The Square at 7336 W. Post Rd., Unit 6 in Las Vegas. The transaction value was $293,475. Brian Riffel, SIOR, Grant Traub, Chris Connell and Tyler Jones of Colliers International represented the seller, Professional Warehouse Office Condos.

 

 

 

 
7336 West Post Road, Unit 5A sale to AE Paule CPA Ltd. The approximately 1,382 square foot office property is located in The Square at 7336 W. Post Rd., Unit 5 in Las Vegas. The transaction value was $269,490. Brian Riffel, SIOR, Grant Traub, Chris Connell and Tyler Jones of Colliers International represented the seller, Professional Warehouse Office Condos.

 

 

 

 

DCIM100MEDIAA lease to Caesar Brutus LLC. The approximately 58,400 square foot industrial property is located in CAP Industrial at 3108 Losee Rd. in North Las Vegas. Eric Molfetta, CCIM and Chris Zunis of Colliers International represented the lessor.

 

 

 

 


2121 East Sahara AvenueA lease to Autosource Motors of Las Vegas LLC. The approximately 49,000 square foot retail property is located at 2121 E. Sahara Ave. in Las Vegas. Grant Traub and Chris Connell of Colliers International represented the lessee.

 

 

 

 
7255 South Tenaya WayA lease to Everi Holdings LLC. The approximately 3,721 square foot office property is located in The Arroyo at 7255 S. Tenaya Way in Las Vegas. Ryan Martin, CCIM, SIOR, Taber Thill, SIOR, Patti Dillon, SIOR and Teddie Hickey of Colliers International represented the lessor, EJM.

 

 

 

 
6285 South Mojave Road, Suite DA lease to Top-Notch Installations LLC. The approximately 3,000 square foot industrial property is located in Mojave Airport Center at 6285 S. Mojave Rd., Suite D in Las Vegas. Dean Willmore, SIOR, Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, ACMEOFFICE.COM LLC.

 

 

 

 
8960 West Cheyenne Avenue, Suite 190A lease to Alexandra Reimann ND LLC. The approximately 2,870 square foot medical office property is located at 8960 W. Cheyenne Ave., Suite 190 in Las Vegas. Stacy Scheer, CCIM of Colliers International represented the lessee.

 

 

 

 
3940 North Martin Luther King Boulevard, Suite 105-107A lease to FirstMed Health & Wellness. The approximately 2,435 square foot medical/retail property is located in Alexander Square at 3940 N. Martin Luther King Blvd., Suite 105-107 in North Las Vegas. Stacy Scheer, CCIM of Colliers International represented the lessee.

 

 

 

 
7455 West Washington AvenueA lease to Dina S. Burke, MD LLC. The approximately 1,737 square foot office property is located in The Parkway at 7455 W. Washington Ave. in Las Vegas. Andrew Kilduff of Colliers International represented the lessor, Parkway Properties LLC.
 

 

 
DCIM100MEDIAA lease to Tanner Law Firm Ltd. The approximately 1,736 square foot retail property is located in Scottsdale Plaza at 1320 E. Pebble Rd., Suite 115 in Las Vegas. Chris Connell and Grant Traub of Colliers International represented the lessor, SREF Scottsdale Plaza LLLP.

 

 

Rent Cafe Details Discretionary Savings Of Renters This Holiday Season

rent cafeAccording to our latest study, US renters are left with little cash —if any—after taking care of rent and living expenses, not to mention the winter holiday spending! We don’t want to steal the holiday cheer, but we can’t hide from the cold, hard facts:

  • The average American renter household cannot afford the holiday season without $549 in savings. Crunching the numbers from the US Census, Bureau of Labor Statistics, National Retail Federation and Yardi Matrix, we concluded that the average American family of four spends about 2.8% of their annual income on winter expenses such as gifts and family dinners, ending the season with a negative balance of $549.
  • Out of the 50 largest US cities we looked at, 26 are not that merry—renter families here will need savings for the winter holidays, with the (in)famously expensive hubs Manhattan, Boston and San Francisco leading the way.
  • On the other end of the spectrum, renters in the remaining 24 cities are actually left with some money for the piggy bank after the holiday expenses—from a significant $689 in Virginia Beach to a modest $6 in Tucson.

Find spending patterns across the country by clicking here. Rent Cafe

Marcus & Millichap Lists, Markets And Sells 3 Investment Properties

La QuintaMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of La Quinta Inn & Suites Las Vegas Airport South, a 140-room hospitality property located in Las Vegas, Nevada. The asset sold for $17,500,000. Marcus Threats CCIM, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a private investor.  Marcus also represented the buyer, who was a single tenant investor that saw the opportunity to be in Las Vegas, the #1 hotel market in the world.

 

 

 

6465 West SaharaMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 6465 West Sahara, a 9,312-square foot office property located in Las Vegas, Nevada. The asset sold for $1,275,000.Ryan McCullough and Tina D. Taylor, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The subject property is located at 6465 W Sahara Ave in Las Vegas, NV.

 

 

 

 

Rainbow Vista1Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Rainbow Vista Office Building, a 10,400-square foot office property located in Las Vegas, Nevada. The asset sold for $1,050,000. Tina D. Taylor and Ryan McCullough, in Marcus & Millichap’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a partnership. Rainbow Vista Office Building is located at 1050 South Rainbow Blvd., just North of Charleston Blvd., in Las Vegas, Nevada.   The asset was vacant at the time of sale.  The Buyer is a local group who intends to occupy.

 

Recent Sun Commercial Transactions

Sun LogoThe Sale of a multi-tenant office investment was completed on December 15, 2017. The 74,010 square foot property is located at 6140 & 6180 Brent Thurman Way, Las Vegas, NV 89148. The total value of the transaction was $17,000,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, RCS – Red Rocks, LLC and Nevada Development & Realty Co. represented the Buyer, Noval Limited Partnership.

The Lease with S&C Claims Services, Inc. was completed on December 1, 2017. The 9,941 square foot office space is located at 7881 W. Charleston Boulevard, Suite 210 & 240, Las Vegas, NV 89117. The total value of the transaction was $1,192,920.00. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Landlord, Howe Family L.P. and Specialists Real Estate represented the Tenant, S&C Claims Services, Inc.

The Lease with Grand Adventure.com, Inc., was completed on December 1, 2017. The 2,800 square foot industrial space is located at 4275 W. Bell Drive, Suite 12, Las Vegas, NV 89118. The total value of the transaction was $161,280.00. Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate, Inc. represented the Landlord, The Prince Group and the Tenant was unrepresented.

The Lease with David J. Winterton & Associates, LTD was completed on December 1, 2017. The 2,118 square foot office space is located at 7881 W. Charleston Boulevard, Suite 220, Las Vegas, NV 89117. The total value of the transaction was $151,882.10. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Landlord, Howe Family L.P. and Cushman & Wakefield represented the Tenant, David J. Winterton & Associates, LTD.

The Lease with La Bodega, LLC was completed on November 16, 2017. The 2,098 square foot industrial space is located at 3855 S. Valley View Boulevard, Suite 1, 48-49, Las Vegas, NV 89103. The total value of the transaction was $75,041.86. Paul Chaffee, Wil Chaffee and Debbie German of Sun Commercial Real Estate, Inc. represented the Tenant, La Bodega, LLC.

NAIOP Southern Nevada Announces Elected Officers & Directors For 2018

naiopNAIOP Southern Nevada, an organization representing commercial real estate developers, owners and related professionals in office, industrial, retail and mixed-use real estate, has announced its newly elected officers and directors for 2018, led by incoming president Mike Mixer.

A longtime local industry leader, Mixer is the executive managing director and co-founder of the Las Vegas office of Colliers International.

In addition to Mixer serving as president of NAIOP Southern Nevada’s Board of Directors, its 2018 officers include:

  • Shawn Danoksi, president-elect, of DC Building Group
  • Rod Martin, secretary, of Majestic Realty Co.
  • Jennifer Levine, treasurer, of Cushman & Wakefield
  • Jay Heller, immediate past president, of Heller Companies 

NAIOP’s elected directors for 2018 include:

  • Jody Walker Belsick, Kimley Horn & Associates
  • Julie Cleaver, The Howard Hughes Corp.
  • George Garcia, G.C. Garcia, Inc.
  • Reed Gottesman, Harsch Investment Properties
  • Matthew Hoyt, CommCap Advisors
  • Jeff LaPour, LaPour
  • Adam Malan, Logic Commercial Real Estate
  • Mike Shohet, Nevada HAND
  • David Strickland, Thomas & Mack Development Group
  • Jennifer Turchin, Coda Group

NAIOP’s officers and directors for the coming year were installed on Dec. 8. Each member has a wealth of knowledge and experience in the commercial real estate industry, which will lend a hand to continue building the brand and awareness of NAIOP throughout Southern Nevada.

Recent Colliers Transactions – More Than 400K SF Of Activity This Week

4620 Calimesa StreetA sale to BACIO LLC. The approximately 22,750 square foot industrial property is located in Craig Corporate Park at 4620 Calimesa St. in Las Vegas. The transaction value was $2,661,750. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the seller, NLV Sagebrush LLC.
 

 

 

 

8715 Lindell Road, Unit 100A sale to Dent II LLC. The approximately 5,892 square foot industrial property is located at 8715 Lindell Rd., Unit 100 in Las Vegas. The transaction value was $835,000. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the buyer.

 

 

 

 

7336 West Post Road, Unit 2A sale to 7336 West Post Suite 102 LLC. The approximately 1,721 square foot office property is located in The Square at 7336 W. Post Rd., Unit 2 in Las Vegas. The transaction value was $361,410. Brian Riffel, SIOR, Chris Connell, Grant Traub and Tyler Jones of Colliers International represented the seller, Professional Warehouse Office Condos.
 

 

 

 

2861 Marion Drive, Unit A-CA lease to Hand Air Express LLC. The approximately 271,616 square foot industrial property is located in Sunrise Industrial Park #5 at 2861 Marion Dr., Unit A-C in Las Vegas. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Prologis NA3 NV LLC.

 

 

 

 

 

1965 East Russell Road, Suite 30A lease to Times Up dba H & H Enterprises. The approximately 74,882 square foot industrial property is located in Marnell Airport Center at 1965 E. Russell Rd., Suite 301 in Las Vegas. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, MAC One LLC.
 

 

 

 

7465 Dean Martin Drive, Suite 103A lease to Fabrication Technologies Inc. The approximately 10,176 square foot industrial property is located in Eldorado Business Park at 7465 Dean Martin Dr., Suite 101-102 in Las Vegas. Dean Willmore, SIOR of Colliers International represented the lessor, TLF Logistics II Eldorado Business Center.
 

 

 

 

600 South Rancho Drive, Suite 103A & 103BA lease to IGLESIA CRISTIANA SALEM TIERRA. The approximately 6,186 square foot office property is located at 600 S. Rancho Dr., Suite 103A & 103B in Las Vegas. Alexia Crowley, CCIM of Colliers International represented the lessor, B K L P Nevada.

 

 

 

 

 

1075 American Pacific Drive, Suite AA lease to Dewey International & Green LED Lighting Solutions LLC. The approximately 5,825 square foot industrial property is located in Pacific Business Center at 1075 American Pacific Dr., Suite A in Henderson. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessee.
 

 

 

 

4304 East Alexander RoadA lease to Quality Stone LLC. The approximately 5,213 square foot industrial property is located at 4304 E. Alexander Rd. in Las Vegas. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, Jeffrey & Kimberlee Sylvester Revocable Living Trust.

 

 

 

 

 

 

3550 East Post Road, Suite 400A lease to Dicolor USA Inc. The approximately 4,000 square foot industrial property is located in Arrowhead Commerce Center (Bldg. 3) at 3550 E. Post Rd., Suite 400 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC.
 

 

 

 

 

2700 East Patrick Lane, Suite 9-10A lease to Inateck Technology Inc. The approximately 3,876 square foot industrial property is located in Patrick Airport Center at 2700 E. Patrick Ln., Suite 9-10 in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR and Dean Willmore, SIOR of Colliers International represented the lessor, BHT LLC.

 

 

 

 

 

2710 East Patrick Lane, Suite 3A lease to Robert Allard. The approximately 2,800 square foot industrial property is located in Patrick Airport Center at 2710 E. Patrick Ln., Suite 3 in Las Vegas. Mike DeLew, SIOR, Greg Pancirov, SIOR, Dean Willmore, SIOR and Alex Stanisic of Colliers International represented the lessor, Stockbridge Patrick & Mojave LLC.

 

 

 

 

 

 

7465 Dean Martin Drive, Suite 103

A lease to California Closets. The approximately 2,631 square foot industrial property is located in Eldorado Business Park at 7465 Dean Martin Dr., Suite 103 in Las Vegas. Dean Willmore, SIOR of Colliers International represented the lessor, Michael Kors Retail Inc.
 

 

 

 

7241 West Sahara AvenueA lease to Centurion Discovery LLC. The approximately 1,250 square foot office property is located at 7241 W. Sahara Ave. in Las Vegas. Teddie Hickey, Ryan Martin, CCIM, SIOR, Taber Thill, SIOR and Patti Dillon, SIOR of Colliers International represented the lessee.

CommCap Advisors Closes Loan On Veterans Village 3

comcapp x mas

 

 

 

031Property Name: Veterans Village 3

Full Address: 100 S 14th Street, Las Vegas, NV 89101

Property type and size: Assisted Living Facility, 88 beds | 29,100sf

Loan Type: Bridge-Perm

Loan Amount: $3,850,000

Term and Amortization: 2yr I/O, then 3/25

Name and Lender Type: Community development lender

 

Non-profit borrower with a mission to provide housing and services for veterans.


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