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Category – Avison Young

Avison Young Represents Landlords In Two Lease Negotiations

1505 WigwamBarton Hyde and Scott Donaghe of Avison Young represented both the landlord, Henderson Medical Properties and the tenant, Nevada Eye Physicians in the 120 month lease of a 9,307 square foot medical office suite located at 1505 Wigwam Parkway, Suites 101 & 102.  The total value of the transaction was $2,352,000.

 

 

 

 

3390Scott Donaghe of Avison Young represented the landlord, Lone Mountain Village West in the 124 month, 1,202 square foot retail lease at 3390 Novat Street, C120, Las Vegas to the tenant, Cow3, LLC.  The total value of the transaction was $276,000.

Avison Young Hires David Jewkes As Managing Director, Brokerage Operations

David JewkesMark E. Rose, Chair and CEO of Avison Young, the world’s fastest-growing commercial real estate services company, announced today that highly regarded industry veteran David Jewkes has joined the firm as Managing Director, Brokerage Operations in Las Vegas. Effective immediately, Jewkes will provide overall management and leadership of Avison Young’s brokerage operations in Las Vegas. He brings more than 25 years of commercial real estate management and transaction experience to Avison Young, most recently as Senior Vice-President, Nevada with Cushman & Wakefield.

“We are thrilled that David has decided to take on this leadership role with us in Las Vegas,” comments Rose. “David’s extensive work providing strategic client services in all sectors of commercial real estate over the last 25 years – and his thoughtful approach – will complement Avison Young’s collaborative culture.” Rose continues: “David has a sterling reputation as an advisor to institutional and regional investors and is known for his business development acumen, having successfully grown asset services portfolios and attracted top transactional professionals in his prior roles. As he serves as Managing Director, Brokerage Operations, his leadership, focus and dedication to innovation will be excellent additions to our company as we continue to execute on strategic expansions domestically and abroad.”

During his career, Jewkes has served clients in Nevada, California, Utah and Arizona. In addition to managing operations, he has developed specific expertise in business development and investor service. “David’s lengthy experience, along with his investment sales expertise and the respect that he has gained in the Las Vegas business community, will be of tremendous value to our clients and company,” states Earl Webb, Avison Young’s President of U.S. Operations. “Furthermore, David’s experience with investment transactions will help us expand our leasing services, and his presence alone will help us recruit top real estate talent.

2 Deals at Apache Center

apacheLiz Clare, CCIM and Jacqueline Young of Avison Young represented both parties in the 64 month lease of 1,208 square feet at 3525 South Fort Apache Road, Suite 130 to Farmers Insurance.  The landlord was Monteray Vista, LLC. This retail transaction was valued at $116,693.00.

 

Liz Clare, CCIM and Jacqueline Young of Avison Young represented the landlord, Monterey Vista Village Shopping Center in the 1,120 SF 27 month lease to Vap O Rise at 3525 Fort Apache, Suite 105.  The total value of the retail transaction was $42,650.

Avison Young Transacts 3 Significant Retail Centers

4343 RanchoSeller: 4343 N. Rancho Drive, LLCS Seller’s Broker: Jackie Young and Liz Clare, CCIM of Avison Young Buyer: Royal Investors Group LLC Buyer’s Broker: None Name: Imperial Plaza Location: 4343 North Rancho Drive, 89130 Type: Retail Size:  61,881 SF Price: $5,850,000

 

 

 

 

 

Longford Shops_DT_smallSeller: Monterey Vista Village Center LLC Buyer and Seller’s Broker: Jackie Young and Liz Clare, CCIM of Avison Young Name: Longford Shoppes Location: 6525, 6545, 6565 South Fort Apache Road, 89148 Type: Retail Size: 42,024 SF Price: $10,250,000

 

 

 

 

 

 

3555 Fort ApacheSeller: Apache Center LLC Seller’s Broker: Jackie Young and Liz Clare, CCIM of Avison Young Buyer: Monterey Vista Village Center LLC Buyer’s Broker: None Name: Apache Center Location: 3525-3575 South Fort Apache Road, 89147 Type: Retail Size: 41,556 SF Price: $8,500,000

Avison Young “Investment capital continues to flow into commercial real estate in pursuit of increasingly scarce returns”

avison-youngInvestment capital continues to flow into commercial real estate in pursuit of increasingly scarce returns — Avison Young releases its Fall 2016 North America, U.K. and Germany Commercial Real Estate Investment Review.

Investor appetite for commercial real estate assets remains relatively healthy – despite ongoing geopolitical influences, which lend some uncertainty to the marketplace – as buyers look to increase allocations to the sector in their ongoing quest for yield. Scarcity of available product remains a factor in many markets as stakeholders keep an eye on interest-rate hikes and their potential effect on pricing.

 These are some of the key trends noted in Avison Young’s Fall 2016 North America, U.K. and Germany Commercial Real Estate Investment Review, released today.

The report covers commercial real estate investment conditions in 51 markets in four countries on two continents:

Calgary, Edmonton, Montreal, Ottawa, Toronto,Vancouver, Atlanta, Austin, Boston, Charlotte, Chicago, Cleveland, Columbus OH, Dallas, Denver, Detroit, Fairfield County, Fort Lauderdale, Hartford, Houston, Jacksonville, Las Vegas, Long Island, Los Angeles, Miami,Minneapolis, Nashville, New Jersey, New York, Oakland, Orange County,Orlando, Philadelphia, Phoenix, Pittsburgh, Raleigh-Durham, Sacramento, San Antonio, San Diego County, San Francisco, San Mateo, Tampa, Washington DC,West Palm Beach, Coventry U.K., London U.K., Berlin, Duesseldorf, Frankfurt, Hamburg and Munich.

View the report.


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