Barton Hyde of Avison Young represented the lessor, TPC2 & 6, LLC in the 60 month lease of 3,588 square feet at 7220 Cimarron Road to Nevada Pain. The total value of the transaction was $284,139.
Category – Avison Young
Scott Donaghe of Avison Young represented the lessor, CIII in the 39 month lease of 6,457 square feet at 411 East Bonneville Square to Morris Law Group. The total value of the transaction was $401,000.
Seller: 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
Seller: 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
Seller: 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
Investment 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.
Anthony & Sylvan Pools Corporation signed a 65-month $184,000 lease for 2,404 square feet of retail space at Lone Mountain Village West located at 3350 Novat Street, Suites 125-130 in Las Vegas. Phillip Roy of PR Properties Group represented the lessee and Jackie Young and Liz Clare, CCIM represented the lessor, Lone Mountain Village West. The reported average rent equals $1.18 per square foot.
Doulas of Las Vegas signed a 40-month $52,821 lease for 940 square feet of office space at Horizon Ridge Professional Center located at 2298 W. Horizon Ridge Pkwy, Suite 215 in Las Vegas. Scott Donaghe of Avison Young represented the landlord, Horizon Ridge Professional Center.
Titan Real & Estate & Investment signed a 48-month $51,282 lease for 1,540 SF of office space at Rainbow Professional Center located at 2625 S. Rainbow C-106, in Las Vegas. Barton Hyde of Avison Young represented the landlord, Rainbow 2625.
Artsy Nannies signed a 64-month $308,000 lease for 2,302 square feet of retail space at Village Square located at 9420 W. Sahara #102, in Las Vegas. Liz Clare, CCIM and Jackie Young of Avison Young represented the lessor, G&I VIII Village Square, LLC. The reported average rent equals $2.09 per square foot.