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Category – October 2017

Virtus Commercial’s Office And Retail Leasing Activity Remains Solid

600 s 6thPaper Bag Beauty has leased approximately 1,783 SF of retail space located at 600 S. 6th St, in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented the Lessor, David Mason.

 

 

 

 

 

1785 e saharaHKM Employment Attorneys LLP has leased approximately 923 SF of office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 325, in Las Vegas.  Brett S. Beck of Virtus Commercial represented the Lessor, The 1785 Office Center LLC. and Gary S. Beck of Virtus Commercial represented the Lessee.

 

 

 

 

 

3949 Martin LutherSecond Chance Resources LLC has leased approximately 3,204 SF of office space at Alexander Square, located at 3940 N. Martin Luther King Blvd. Ste. 110, in N. Las Vegas.  Brett S. Beck of Virtus Commercial represented the Lessor, Alexander Square LLC and Gary S. Beck of Virtus Commercial represented the Lessee.

 

 

 

 

 

DCIM100MEDIADJI_0149.JPGAndres Almanza & Valentin Vargas have leased approximately 1,808 SF of retail space at Charleston Square, located at 4420 E. Charleston Blvd. #4, in Las Vegas.  Robert S. Hatrak II represented both the Lessee and the Lessor, Charleston Vegas Partners LP.

 

 

 

 

 

3900 MeadowsSafe Nest has leased approximately 10,000 SF of office space at Meadows Business Center II, located at 3900 Meadows Lane, in Las Vegas.  Robert S. Hatrak II represented the Lessor, 3900 Meadows LLC / David Mason, and Jarrad Katz of MDL represented the Lessee.

 

 

 

 

 

10960 S easternJM Cookie LLC has leased approximately 1,200 SF of retail space at Sunridge Village Plaza, located at 10960 S. Eastern Ave. Ste. 109, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Kwang Ha LLC and Alexia Crowley of Colliers International represented the Lessee.

 

 

 

 

 

2471 w horizonOur Little World Treatment Center has leased approximately 2,377 SF of office space at Horizon Ridge Commons, located at 2471 W. Horizon Ridge Pkwy. Ste. 100, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Shin Sookwe and Randal J. Gibson of First Federal Realty DeSimone represented the Lessee.

 

 

 

 

 

1785 e saharaAt Your Service Home Care has renewed their lease for the 3,634 SF office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 430, in Las Vegas.  Chris Emanuel of Virtus Commercial represented the Lessor, The 1785 Office Center, LLC.

 

 

 

 

 

5665 w saharaGohar Margarin has leased approximately 2,376 SF of retail space at Westview Plaza, located at 5665 W. Sahara, Ste. 104-105, in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented both the Lessor, Nick and Georgia Dalacas Trust, and the Lessee.

Colliers Closes More Than $23 Million in Sales This Week

  • 2140 and 2190 East Pebble RoadA sale to Paseo Verde Group LLC. The approximately 51,878 square foot office property is known as the Pebble Place Business Center at 2140 and 2190 E. Pebble Rd. in Las Vegas. The transaction value was $12,648,000. Suzette LaGrange, CCIM and Kara Walker, CCIM of Colliers International represented the seller, CVK LLC.

 

 

 

 

  • APN 176-01-201-005 and 006A sale to NV LAS DEC LLC. The approximately 5 acre land parcel is located at APN: 176-01-201-005 and 006 in Las Vegas. The transaction value was $5,500,000. Brian Fike of Colliers International represented the buyer.

 

 

 

 

  • 98 East Lake Mead ParkwayA sale to Sarbjit Hudal. The approximately 41,676 square foot medical office property is located in St. Rose Dominican Medical Plaza at 98 E. Lake Mead Pkwy. in Henderson. The transaction value was $2,800,000. Stacy Scheer, CCIM, LEED GA, Grant Traub and Chris Connell of Colliers International represented the seller, St. Rose Dominican Medical Plaza LP.

 

 

 

 

  • APN 176-01-201-004A sale to NV LAS DEC LLC. The approximately 2.5 acre land parcel is located at APN: 176-01-201-004 in Las Vegas. The transaction value was $2,100,000. Brian Fike of Colliers International represented the buyer.

 

 

 

 

  • APN 163-34-410-020A sale to Bentar Post LLC. The approximately 0.98 acre land parcel is located in Buffalo 215 Business Park at APN: 163-34-410-020 in Las Vegas. The transaction value was $550,000. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the seller, Janes Source Properties LLC.

 

 

 

 

  • DCIM100MEDIAA sale to Guadaupe Buenrostro. The approximately 1,400 square foot industrial property is located in Pecos Industrial Complex at 4300 N. Pecos Rd., Unit 25 in North Las Vegas. The transaction value was $142,000. Eric Molfetta, CCIM and Chris Zunis of Colliers International represented the seller, Chriselle McMahon and the buyer.

 

 

 

 

  • 4601 East Cheyenne Avenue, Suite 111-113A lease renewal to Safelite Fulfillment Inc. The approximately 42,240 square foot industrial property is located in Sunrise Industrial Park at 4601 E. Cheyenne Ave., Suite 111-113 in Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, ICON PAC Nevada Owner Pool 3 Nevada.

 

 

 

 

  • 84 Corporate Park DriveA lease to NuBlu Sport and Logo Wear Inc. The approximately 7,617 square foot industrial property is located at 84 Corporate Park Dr. in Henderson. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Boreal LLC.

 

 

 

 

  • 3595 E. Patrick Lane, Suite 700A lease to Loup Inc. The approximately 5,761 square foot industrial property is located in Arrowhead Commerce Center (Bldg. 5) at 3595 E. Patrick Ln., Suite 700 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the lessee.

 

 

 

 

  • 1201 American Pacific Drive, Suite GA lease to Richard Sakai. The approximately 5,000 square foot industrial property is located in Ampac Business Park at 1201 American Pacific Dr., Suite G in Henderson. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, 1201 American Pacific LLC.

 

 

 

 

  • 7060 West Sunset Road, Suite 110A lease to Cobra Kai Jiu Jitsu LLC. The approximately 2,400 square foot retail property is located in Sunset Ridge Center at 7060 W. Sunset Rd., Suite 110 in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessor, OSEA Development LLC.

 

 

 

 

  • 1000 North Green Valley ParkwayA lease to Cinnaholic. The approximately 1,393 square foot retail property is located in Pebble Marketplace at 1000 N. Green Valley Pkwy. in Henderson. Scot Marker of Colliers International represented the lessor, CH Realty VII/R Las Vegas Pebble LLC. Al Twainy, CCIM and Amelia Hyden of Colliers International represented the lessee.

 

 

 

 

98 East Lake Mead ParkwayA lease to Pain Center of Henderson. The approximately 1,196 square foot medical office property is located at 98 E. Lake Mead Pkwy., Suite 202 in Henderson. Stacy Scheer, CCIM, LEED GA, Grant Traub and Chris Connell of Colliers International represented the lessor, St. Rose Dominican Medical Plaza Limited.

Takeaways – If Millennials Scare You, This Will Really Freak You Out!

hayimSeptember 1962, President John F. Kennedy delivered a speech that would shape the worldview of a generation. At Rice University in Houston, Texas in front of 35,000 people he said, “We choose to go to the moon.”

To understand the significance lets go back to 1961 when Kennedy became president. Many Americans believed the U.S. was losing the Space Race. The USSR successfully launched the first artificial satellite. The first man in space was a Russian before the U.S. could launch its first astronaut.

But Kennedy said, “We choose to go to the moon.” And about 6 years later the first man that landed on the moon was Neil Armstrong, July 1969. Here is a snippet of the speech.

January 1986, the Space Shuttle Challenger launch was broadcast on TV sets in schools across America. Included on board Challenger was Christa McAuliffe, a social studies teacher who won a nationwide competition to become the first “Teacher in Space”.

“4…3…2…1… lift off.” 73 seconds had passed after those words. Challenger ascended to an altitude of 46,000 feet. And then, a ball of fire and smoke engulfed the shuttle. The TV broadcaster and control station became silent for many seconds. I was 6 years old.

For the full Takeaway please click here

Marcus & Millichap Lists And Sells DaVita Facility

DavitaMarcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of DaVita Dialysis, a 8,000-square- foot net-leased property. The asset sold for $2,525,000.

Dustin Alvino, first vice president investments, had the exclusive listing to market the property on behalf of the seller, a private investor. This DaVita Dialysis is located at 1103 New River Parkway in Fallon, Nevada.

Las Vegas Metro Chamber Of Commerce Recognizes Nevada Hand

Nevada HandNevada HAND was named a Business Excellence Award winner by the Las Vegas Metro Chamber of Commerce.  The award recognizes local small and large businesses that epitomize innovation, community engagement, and best-practices in the marketplace while also demonstrating commitment to customers, community and employees.

The nonprofit real estate development and management organization was honored in the Trendsetters category for community stewardship, corporate responsibility and new technology.

In particular, Nevada HAND was recognized for its crucial voice in the innovative CEO Exchange (formerly Nonprofit CEO Alliance) where many of the most impactful and diverse nonprofit organizations in Las Vegas focus efforts to maintain and expand the social services safety net. One result of this unified voice was the largest community development block grant ever awarded to a nonprofit coalition in Southern Nevada and construction of Nevada’s first collaborative community services campus at Nevada HAND’s Boulder Pines Family Apartments community on Boulder Highway. The development is being built by HAND Construction Company and managed by HAND Property Management Company, both board-controlled affiliates of Nevada HAND, Inc.

Additionally, Nevada HAND’s “culture of caring” sets the company apart from other developers, and is expressed by providing positive living environments and opportunities where residents can improve their economic status and take pride in their communities.

“We’re honored to receive the Business Excellence Award given the reach and importance of the Las Vegas Metro Chamber of Commerce in making our community a better place to live and conduct business,” said Mike Mullin, founder and CEO of Nevada HAND.

“Nevada HAND believes that by creating opportunities to live well through support of economic stability, wellness, education and community engagement, residents at our properties can reach their full potential,” Mullin added. “The work and dedication of the entire Nevada HAND team makes it a pleasure to come to work every day along with the appreciation from our residents for their homes and the services they receive. Many share their wonder of where they would be without Nevada HAND and their appreciation of a stable base from which to pursue home ownership and other life aspirations.”

Virtus Commercial Transactions Of The Week

VirtusPaper Bag Beauty has leased approximately 1,783 SF of retail space located at 600 S. 6th St, in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented the Lessor, David Mason.

HKM Employment Attorneys LLP has leased approximately 923 SF of office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 325, in Las Vegas.  Brett S. Beck of Virtus Commercial represented the Lessor, The 1785 Office Center LLC. and Gary S. Beck of Virtus Commercial represented the Lessee.

Second Chance Resources LLC has leased approximately 3,204 SF of office space at Alexander Square, located at 3940 N. Martin Luther King Blvd. Ste. 110, in N. Las Vegas.  Brett S. Beck of Virtus Commercial represented the Lessor, Alexander Square LLC and Gary S. Beck of Virtus Commercial represented the Lessee.

Andres Almanza & Valentin Vargas have leased approximately 1,808 SF of retail space at Charleston Square, located at 4420 E. Charleston Blvd. #4, in Las Vegas.  Robert S. Hatrak II represented both the Lessee and the Lessor, Charleston Vegas Partners LP.

Safe Nest has leased approximately 10,000 SF of office space at Meadows Business Center II, located at 3900 Meadows Lane, in Las Vegas.  Robert S. Hatrak II represented the Lessor, 3900 Meadows LLC / David Mason, and Jarrad Katz of MDL represented the Lessee.

JM Cookie LLC has leased approximately 1,200 SF of retail space at Sunridge Village Plaza, located at 10960 S. Eastern Ave. Ste. 109, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Kwang Ha LLC and Alexia Crowley of Colliers International represented the Lessee.

Our Little World Treatment Center has leased approximately 2,377 SF of office space at Horizon Ridge Commons, located at 2471 W. Horizon Ridge Pkwy. Ste. 100, in Henderson.  Brett S. Beck of Virtus Commercial represented the Lessor, Shin Sookwe and Randal J. Gibson of First Federal Realty DeSimone represented the Lessee.

At Your Service Home Care has renewed their lease for the 3,634 SF office space at The 1785 Office Center, located at 1785 E. Sahara Ave. Ste. 430, in Las Vegas.  Chris Emanuel of Virtus Commercial represented the Lessor, The 1785 Office Center, LLC.

Gohar Margarin has leased approximately 2,376 SF of retail space at Westview Plaza, located at 5665 W. Sahara, Ste. 104-105, in Las Vegas.  Robert S. Hatrak II of Virtus Commercial represented both the Lessor, Nick and Georgia Dalacas Trust, and the Lessee

Las Vegas Stirling Club Goes to Auction

StirlingClub-7The once famous mega-luxury Stirling Club, a remarkable 73,576 square-foot destination property located in the heart of the Resort Corridor between the Las Vegas Convention Center and the Las Vegas Strip, will go to auction November 6 on the Ten-X Commercial internet-based platform.

Previously operated as an elite, private membership club, the Stirling Club sits on 3.2 acres on the grounds of Turnberry Towers, at 2827 Paradise Road, near the north end of the Las Vegas Strip – an area that is in the midst of a dramatic revitalization.

The property’s amenities include:

Full Service Spa Facilities

  • Indoor Lap Pool/Lagoon-Size Outdoor Pool
  • Four Tennis Courts
  • Fitness Center
  • Multiple Banquet Halls and Private Rooms
  • Two Commercial Grade Kitchens
  • Multiple Office Areas
  • Private Driveway with Underground Parking

CNR Retail Advisors (Chris Clifford, Steven Neiger, and Brett Rather) of Colliers International – Las Vegas, have been named the listing brokers for the sale of the property.

“This is an opportunity of a lifetime for the right buyer,” said Steve Neiger. “This area is renowned for its international appeal, and there’s extraordinary potential to transform this one-of-a-kind property into a new and exciting world-class venue.”

The property, which lends itself to a variety of uses, would cost approximately $60 million to build in today’s dollars. It is anticipated to sell at a fraction of that amount.

For more information, please visit https://www.ten-x.com/commercial/details/2827-paradise-rd-las-vegas-nv-89109-1000005167-b_219.

Colliers Las Vegas Deals Of The Week

 

4031 North Pecos Road, Suite 103A lease renewal to Sigma Supply of North America Inc. The approximately 20,625 square foot industrial property is located in Las Vegas Corporate Center at 4031 N. Pecos Rd., Suite 103 in North Las Vegas. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessee.

 

 

 
 

 

 

3595 EA lease to Sound & Secure Inc. The approximately 14,235 square foot industrial property is located in Arrowhead Commerce Center (Bldg. 5) at 3595 E. Patrick Ln., Suite 1100 and 1200 in Las Vegas. Spencer Pinter, Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, KTR LV IV LLC. Spencer Pinter of Colliers International represented the lessee.

 

 

 
 

 

 

4530 Andrews Street, Suite AA lease to West Coast Exhibits. The approximately 7,200 square foot industrial property is located at 4530 Andrews St., Suite A in North Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.

 

 

 
 

 

11041 South Eastern Avenue, Suite 108A lease to Anthem Salon LLC. The approximately 7,000 square foot retail property is located in Maryland Eastern Center at 11041 S. Eastern Ave., Suite 108 in Henderson. Mike DeLew, SIOR, Greg Pancirov, SIOR and Scot Marker of Colliers International represented the lessor, Eastern Sunbridge Group LLC.

 

 

 
 

 

 

8925 West Post RoadA lease to Cornerstone Home Lending Inc. The approximately 2,628 square foot office property is located in Corporate Center at 8925 W. Post Rd. in Las Vegas. Andrew Kilduff of Colliers International represented the lessor, CC Building VI LLC.

 

 

 
 

 

 

 

1292A South Nellis BoulevardA lease to Aguas LLC Frijoles 5 Series. The approximately 2,500 square foot retail property is located in Nellis Crossing at 1292A S. Nellis Blvd. in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessee.

 

 

 
 

 

 

 

7385 Prairie Falcon Road, Suite 160A lease to AR Rescue A Nevada C Corp. The approximately 1,665 square foot office property is located in Origin Park at 7385 Prairie Falcon Rd., Suite 160 in Las Vegas. Rebecca Staniec of Colliers International represented the lessor, Patricia Iwamoto. Alexia Crowley, CCIM, LEED GA of Colliers International represented the lessee.

 

 

NVAR’s Global Business Council Goes Gold, Earns National Honor

NVAR logoThe Global Business Council of the statewide Nevada Association of REALTORS® (NVAR) was recently honored by the National Association of REALTORS® (NAR) with a Gold Global Achievement Program Award.

 

 

“We’re very proud of this award,” NVAR President Greg Martin said. “Our momentum is building as a state in the global arena thanks to the hard work of our leaders, volunteers and members. This award is a testament to the passion of our global council leaders.”

Martin said this gold honor marks a step up for NVAR, which achieved the silver level in this same NAR program last year. He also congratulated the Global Business Committee of the Greater Las Vegas Association of REALTORS® (GLVAR), which earned a platinum level award this year in the same program.

To earn the award, committee members had to complete an extensive application that includes bench marking its global initiatives, including marketing, education and trade missions.

“Among the over 125 global business councils operating nationwide, only a select few were named gold or platinum councils,” said Janet Branton, NAR senior vice president of commercial and global services, in informing NVAR leaders about the award. “I hope you are as proud of this achievement as we are of the hard work and dedication that your association has contributed to raising members’ awareness of global business in your local market.”

NAR will present the award Nov. 4 at its REALTORS® Conference & Expo in Chicago.


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