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Category – All Las Vegas Real Estate

$14+ Million In Sales And 215,000+ SF Of Leasing Activity – Colliers Las Vegas

Colliers LogoCOMPLETED SALE TRANSACTIONS:

A sale to Goettl. The approximately 53,040 square foot industrial property is located in Parc Post at 6521 W. Post Rd. in Las Vegas. The transaction value was $6,603,000. Brian Riffel and Tyler Jones of Colliers International represented the buyer.

A sale to STAG INVESTMENT HOLDINGS LLC. The approximately 34,916 square foot industrial property is located at 3450 W. Teco Ave. in Las Vegas. The transaction value was $4,650,000. Dean Willmore, SIOR of Colliers International represented the buyer.

A sale to 16170 Jacqueline Court LLC. The approximately 1,500 square foot retail property is located at 115 Stephanie St. in Henderson. The transaction value was $3,200,000. Dan Gluhaich of Colliers International represented the buyer.

COMPLETED LEASE TRANSACTIONS:

A lease renewal to Carbon Block Technology Inc. The approximately 89,728 square foot industrial property is located in Sunrise Industrial Park #2 at 3101 Marion Dr., Suite 109-111 in Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Icon PAC Nevada Owner Pool 3 Nevada.

A lease renewal to Mygrant Glass Company Inc. The approximately 46,080 square foot industrial property is located in Sunrise Industrial Park #2 at 3101 Marion Dr., Suite 105 in Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, Icon PAC Nevada Owner Pool 3 Nevada.

A lease to Alorica Customer Care Inc. The approximately 40,288 square foot office property is located at 625 Pilot Rd. in Las Vegas. Ryan Martin, CCIM, SIOR, Taber Thill, SIOR, Patti Dillon, SIOR and Teddie Hickey of Colliers International represented the lessor, FKC Glendale and KII Glendale LLC.

A lease renewal to Allstar Vending Enterprises LLC. The approximately 16,150 square foot industrial property is located in Nellis Industrial Park #3 at 3940 E. Craig Rd., Suite 101 in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, ICON PAC Nevada Owner Pool 3 Nevada.

A lease renewal to La Bonita Grocery and Meat Market. The approximately 14,955 square foot industrial property is located in Nellis Industrial Park #2 at 4403 McGuire St. in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, ICON PAC Nevada Owner Pool 3 Nevada.

A lease to Sentinel Offender Services LLC. The approximately 7,496 square foot office property is located at 714 S. 4th St. in Las Vegas. Andrew Kilduff of Colliers International represented the lessee.

A lease to Center for Aesthetic Medicine and Humans Performance. The approximately 1,560 square foot retail property is located in Charleston Buffalo Plaza at 1151 S. Buffalo Dr., Suite 130 in Las Vegas. Chris Clifford, Steve Neiger and Brett Rather of Colliers International represented the lessor, 1151 S Buffalo Drive LLC.

Virtus Commercial Deals Of Note

1485 w warmRMCC Cancer Center has renewed their lease for the 2,100 SF office space at Augusta Park, located at 1485 W. Warm Springs Rd. Ste. 105, in Henderson.  Chris Emanuel of Virtus Commercial represented the Lessor, Augusta Park 8 LLC.

 

 

 

 

 

 

2575Mr. Bill’s has leased approximately 1,039 SF of office space at Montessouri Office Building, located at 2575 Montessouri St., Ste. 105, in Las Vegas.  Brett S. Beck of Virtus Commercial represented both the Lessor, Sookwe Shin, as well as the Lessee.

 

 

 

 

 

 

 

HorizonCD Young’s Karate has renewed their lease for the 2,000 SF retail space at Horizon Village Square Retail & Office Park, located at 70 E. Horizon Ridge Pkwy, Ste. 120, in Henderson.  Chris Emanuel of Virtus Commercial represented the Lessor, HVS Partners.

 

 

 

 

 

DurangoArable Limonite & Lucia Porcayo-Martinez have renewed their lease for the 2,000 SF retail space at Durango Springs Plaza, located at 8530 W. Warm Springs Rd. Ste. 106, in Las Vegas.  Chris Emanuel of Virtus Commercial represented the Lessor, Amen & Traci Wardy.

 

 

 

 

 

7240Centennial Allergy Medical has renewed their lease for the 1,750 SF retail space at Tenaya Village, located at 7240 W. Azure Dr. Ste. 165, in Las Vegas.  Chris Emanuel of Virtus Commercial represented the Lessor, Tenaya Village, LLC.

Commercial Real Estate Market Seeing More Construction, Lower Vacancy Rates

calv_xceligentA report released today by Xceligent in partnership with the Commercial Alliance Las Vegas (CALV) paints a mostly positive picture of the commercial real estate market in Southern Nevada, with most sectors continuing to gain ground through the third quarter of 2017.

“For the most part, the local commercial real estate market continues to get better each quarter,” said CALV President Jennifer Ott, CCIM, and a longtime local commercial real estate broker who specializes in the retail market. “I think the retail market continues to be a good example of that. While we’re all seeing national news about well-known retailers that have been closing or cutting back, this report and our experience here in the Las Vegas area actually shows that the retail market has been improving in the past few years.”

The report shows the retail market remained on the rise, absorbing nearly 50,000 square feet of space during the third quarter. This marks the fourth straight quarter that the local retail market has posted a positive absorption rate, according to Xceligent’s statistics. At the same time, the total retail vacancy rate in Southern Nevada fell to 9.4 percent, down 0.3 percent from one year earlier.

“This is good news for the industry and for the local economy,” Ott said.

Tina Hickman, director of analytics for Xceligent for the Las Vegas market, pointed out that nearly 150,000 square feet of retail space has been built so far this year in Southern Nevada – more than in past years. Another 180,000 square feet of retail space is under construction, with more than 800,000 additional square feet of space planned in local centers such as Mountain’s Edge Marketplace, The Landing and Shanghai Plaza.

Hickman said an improving local economy and job market are boosting the office, industrial and retail markets. While other cities are seeing a decline in “brick and mortar storefronts,” she said “Las Vegas continues to hold strong in the sector, due to the advantage gained from being a tourist destination.” With much of Southern Nevada’s new retail space being pre-leased, Hickman expected retail absorption to remain positive during the rest of 2017.

The story is similar for the office market, she said. The total office vacancy rate continued to decline, dropping to 14.9 percent during the third quarter of 2017, down 0.3 percent from the same quarter in 2016. The local office market also recorded 27,093 square feet of positive absorption during the third quarter, marking its fifth consecutive quarter of doing so.

Brenden Graves, sales executive for Xceligent in Las Vegas, said local office vacancy rates remain higher than historic averages. However, he explained that “obsolete” office space, especially in the central and northeast parts of Las Vegas, have a lot to do with those numbers. He added that office construction has been on the rise, though leasing activity has recently slowed.

In the local industrial market, Xceligent reported that more than 2.8 million square feet of space is under construction. High-profile new industrial tenants include Amazon, Dr. Pepper and Snapple and the Southern Nevada Teamsters Local 631.

According to the report from Xceligent and CALV, the local industrial market recorded nearly 1.5 million square feet of positive absorption during the third quarter of 2017. Due largely to new inventory being added to the market, Hickman said the total industrial vacancy rate increased by 0.5 percent, from 5.6 percent one year ago to 6.1 percent during the third quarter of 2017.

“Much of the focus for our industrial sector has been placed on new big-box tenants that are beginning to call Vegas home,” Hickman said. “But the lesser-sized inventory is still showing positive gains. Spaces ranging in size from 25,000 square feet and under account for over 3.3 million square feet of space reported as leased thus far in 2017.”

Xceligent, a growing provider of commercial real estate information, partners with CALV and local commercial real estate professionals through their Quarterly Advisory Boards to produce quarterly reports on trends and conditions in the office, industrial and retail markets in Southern Nevada. The report released this week covers activity through the third quarter of 2017.

Ott, whose professional designations include being a Certified Commercial Investment Member (CCIM), is one of dozens of leading local brokers who volunteer to serve on advisory boards that help verify and produce these reports.

Local Home Prices Keep Climbing, While Sales Stabilize in September GLVAR Housing Statistics for September 2017

glvarThe Greater Las Vegas Association of REALTORS® (GLVAR) reported today that local home prices continued to rise while home sales stabilized in September.

 GLVAR reported that the median price of existing single-family homes sold during September through its Multiple Listing Service (MLS) was $265,000, up 13.5 percent from September 2016. The median price of local condos and townhomes sold in September was $140,000, up 21.7 percent from the same time last year.

 GLVAR President David J. Tina, a longtime local REALTOR®, said home prices have been appreciating at a fairly steady rate of about 10 percent per year for the past few years.

 “Heading into the fall, home prices are continuing to be up monthly by double digits,” Tina said. “We see several reasons for this. There’s a strong demand for housing here in Southern Nevada. Our economy and job market have been improving. Mortgage rates are relatively low. And our housing supply continues to be as tight as it has been in recent memory. All these things drive up home prices.”

 As for headwinds in the housing market, Tina said the growing demand and shrinking supply of homes available for sale continues to present challenges for buyers, especially those seeking entry-level homes and condos.

 At the current sales pace, he said Southern Nevada still has less than a two-month supply of existing homes available for sale. A six-month supply is considered to be a balanced market.

 By the end of September, GLVAR reported 4,969 single-family homes listed for sale without any sort of offer. That’s down 33.1 percent from one year ago. For condos and townhomes, the 680 properties listed without offers in September represented a 41.4 percent drop from one year ago.

 The total number of existing local homes, condos and townhomes sold during September was 3,571, up from 3,541 in September 2016. Compared to one year ago, sales were down 0.4 percent for homes, but up 7.0 percent for condos and townhomes.

 According to GLVAR, total sales so far in 2017 continue to outpace 2016, when 41,720 total properties were sold in Southern Nevada. At this rate, GLVAR statistics show that 2017 is on pace to be the best year for local home sales since at least 2012.

 GLVAR reported that 25.7 percent of all local properties sold in September were purchased with cash, similar to last month and up only slightly from 25.6 percent in September of last year. That’s less than half of the February 2013 peak of 59.5 percent, indicating that cash buyers and investors are playing a smaller role in the local housing market.

 In recent years, GLVAR has been reporting fewer distressed sales and more traditional home sales, where lenders are not controlling the transaction. That trend continued in September, when 2.9 percent of all local sales were short sales – which occur when lenders allow borrowers to sell a home for less than what they owe on the mortgage. That’s down from 4.6 percent of all sales in September 2016. Another 2.3 percent of all September sales were bank-owned, down from 6.0 percent one year ago.

These GLVAR statistics include activity through the end of September 2017. GLVAR distributes statistics each month based on data collected through its MLS, which does not necessarily account for newly constructed homes sold by local builders or homes for sale by owners. Other highlights include:

 ·The total value of local real estate transactions tracked through the MLS during September was nearly $901 million for homes and nearly $103 million for condos, high-rise condos and townhomes. Compared to one year ago, total sales volumes in September were up 15.2 percent for homes and up 34.4 percent for condos and townhomes.

 ·Homes and condos continued to sell faster than last year at this time. In September, 82.9 percent of all existing local homes and 87.6 percent of all existing local condos and townhomes sold within 60 days. That compares to one year ago, when 76.1 percent of all existing local homes and 77.3 percent of all existing local condos and townhomes sold within 60 days.

Cushman & Wakefield Adds To Flurry Of Activity

cushmanBlack Mountain Fulfillment, LLC leased 4,636 SF of industrial space at 6320 Sandhill Rd, Ste 5, Las Vegas 89120. Travis Noack, Kimberly Noack-Summers, and Warren Noack of Cushman & Wakefield Commerce represented the lessee.

 

Mary L Segura leased 1,247 SF of office space at Marbeya Business Park, 6655 W Sahara Ave, Ste A212, Las Vegas 89146. Nick Barber and Paula Lea, CCIM of Cushman & Wakefield Commerce represented the lessor, Pacific Peninsula, LLC.

 

Allcare for Women, LLC leased 4,554 SF of office space at 1505 Wigwam Ave, Ste 201A, Henderson 89046. Nick Barber of Cushman & Wakefield Commerce represented the lessee.

 

Rhinehart & Associates leased 849 SF of office space at Pines Office Center, 7341 W Charleston Blvd, Ste 130, Las Vegas 89117. Nick Barber of Cushman & Wakefield Commerce represented the lessor, Pines Office Center, LLC.

 

Nile Tax and Insurance, LLC leased 1,440 SF of retail space at 5120 S Decatur Blvd, Ste 104, Las Vegas 89118. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessor, Enterprise Leasing Company-West, LLC.

 

RBC Capital Markets, LLC leased 3,934 SF of office space at Hughes Center, 3883 Howard Hughes Pkwy, Ste 150, Las Vegas 89169. Jayne Cayton and Matt Kreft of Cushman & Wakefield Commerce represented the lessee.

 

RAI West Craig, LLC leased 3,729 SF of retail space at Craig Marketplace, 7131 W Craig Rd, Ste 101, Las Vegas 89129. Dan Hubbard of Cushman & Wakefield Commerce represented the lessee.

 

L Maningo, LLC, dba Maningo Law leased 2,247 SF of office space at City Centre Place, 400 S 4th St, Ste 601, Las Vegas 89101. Bob Hawkins and Jayne Cayton of Cushman & Wakefield Commerce represented the lessor, DIG, CCP, LLC, a Delaware limited liability company.

 

jpg AW Ventures, LLC leased 2,076 SF of office space at 9005 S Pecos Rd, Ste 2610, Henderson 89074. Nick Barber of Cushman & Wakefield Commerce represented the lessor, 9005-9089 South Pecos Road, LLC.

 

Premier Realty Group, LLC renewed 4,224 SF of office space at Money World Center, 8010 W Sahara Ave, Ste 140, Las Vegas 89117. Nick Barber of Cushman & Wakefield Commerce represented the lessor, SCCP I&II Sahara, LLC.

 

The Learning Center, Inc renewed 12,141 SF of office space at Rainbow Business Center, 777 N Rainbow Blvd, Ste 150, Las Vegas 89107. Nick Barber of Cushman & Wakefield Commerce represented the lessor, Rainbow Business Center, LLC.

 

Steven DeLisle, DDC, PC leased 1,189 SF of retail space at 6414 S Fort Apache Rd, Ste 150, Las Vegas 89148. Lauren Tabeek, CCIM and Katelyn Panella of Cushman & Wakefield Commerce represented the lessor, LI Portfolio Holdings, LLC.

 

Westco Investment, LLC leased 3,473 SF of industrial space at Speedway Commerce Center, Ste 101, Las Vegas 89115. Jennifer Levine, CCIM and Elizabeth Moore of Cushman & Wakefield Commerce represented the lessee.

 

Aggregate Industries-SWR, Inc leased 2,076 SF of industrial space at 4675 W Teco Ave, Ste 140-150, Las Vegas 89118. Alma Cuevas of Cushman & Wakefield Commerce represented the lessee. Jayne Cayton of Cushman & Wakefield Commerce was the referring broker.

 

Choice – Behavioral Services, LLC leased 1,160 SF of office space at Desert Inn Office Center, 2755 E Desert Inn Rd, Ste 250, Las Vegas 89121. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, 2625 GV, LLC.

 

Uceda School of Las Vegas expanded their office space by 1,173 SF at Desert Inn Office Center, 2755 E Desert Inn Rd, Ste 100, Las Vegas 89121. Pete Janemark, CCIM of Cushman & Wakefield Commerce represented the lessor, 2625 GV, LLC.

 

Mitchell Bryant renewed 1,270 SF of office space at Red Feather Plaza, 3231 N Decatur Blvd, Ste 125, Las Vegas 89130. Pete Janemark, CCIM represented the lessor, Red Feather Property, LLC.

 

Hospitalists of Nevada, Inc renewed 2,250 SF of office space at Pines Office Center, 7391 W Charleston Blvd, Ste 140, Las Vegas 89117. Nick Barber of Cushman & Wakefield Commerce represented the lessor, Pines Office Center, LLC.

 

Jeff Feildstad expanded office space by 4,424 SF at Sansone Pecos, 9005 S Pecos Rd, Ste 2530, Henderson 89074. Nick Barber of Cushman & Wakefield Commerce represented the lessor, 9005-9089 South Pecos Road, LLC.

 

Navy Federal Credit Union, a federally chartered credit union leased 4,000 SF of retail space at 6311 N Decatur Blvd, Las Vegas 89130. Dan Hubbard of Cushman & Wakefield Commerce represented the lessee.

 

The Law Offices of Paras Barnett leased 3,427 SF of office space at The HC Howard Hughes Center, 3993 Howard Hughes Pkwy, Ste 780 Las Vegas 89169. Bob Hawkins of Cushman & Wakefield Commerce represented the lessee.

 

 

Grobl & Associates, Ltd leased 2,881 SF of industrial space at Cameron Nevso Commerce Center, 4625 W Nevso Dr, Ste 1-3, Las Vegas 89103. Alma Ceuves of Cushman & Wakefield Commerce represented the lessor, EQ Nevso, LLC. Nick Barber of Cushman & Wakefield Commerce was the referral broker.

Northcap Multifamily Reps Buyer Of 218 E. Merlayne

218 Merlaynenorthcap-logoRobin WillettDevin Lee, CCIMJerad Roberts, and Jason Dittenber, of Northcap Multifamily, are pleased to announce the recent sale of 218 E Merlayne for $420,000. This sale consisted of 8 multifamily units, located at 218 E Merlayne Drive in Las Vegas, NV.

This transaction closed on September 15, 2017. Northcap Multifamily represented the Buyer in this transaction.

Colliers “Leafs” Summer Behind – Welcomes Fall With New Deals

colliersA sale to Valley Freeway Industrial Park LLC. The approximately 113,531 square foot industrial property is located in Valley Freeway Center at 7705, 7715 & 7725 Commercial Way in Henderson. The transaction value was $13,780,000. Mike DeLew, SIOR of Colliers International represented the seller, VFC III Industrial Buildings LLC. Greg Pancirov, SIOR of Colliers International represented the buyer.

 

A sale to Forever Young International Inc. The approximately 19,540 square foot industrial property is located at 6744 Spencer St. in Las Vegas. The transaction value was $2,637,900. Eric Molfetta, CCIM and Chris Zunis of Colliers International represented the buyer.

 

A sale to Haase LLC. The approximately 7,981 square foot industrial property is located in Post Industrial Center at 4749 W. Post Rd. in Las Vegas. The transaction value was $1,116,000. Brian Riffel and Tyler Jones of Colliers International represented the seller, 215 Decatur Holdings LLC. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the buyer.

 

A sale to Mosaic Seven LLC. The approximately 2 acre land parcel is located at 9525 W. Serene Ave. (APN: 176-19-701-002) in Las Vegas. The transaction value was $752,000. Vince Schettler of Colliers International represented the buyer.

 

A sale to Kenneth J Walter and Pamela Walter. The approximately 2,687 square foot industrial property is located in Northpointe Business Center at 4240 N. Lamb Blvd., Suite 105 in Las Vegas. The transaction value was $292,500. Dean Willmore, SIOR of Colliers International represented the seller, FJM Northpointe Associates LLC. Alex Stanisic of Colliers International represented the buyer.

 

A lease to Global Sourcing Specialist LLC. The approximately 11,526 square foot industrial property is located in The Spectrum of Las Vegas at 76 Spectrum Blvd. in Las Vegas. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, Harsch Investment Properties-Nevada II.

 

A lease renewal to TruckPro LLC. The approximately 10,476 square foot industrial property is located in Nellis Industrial Park #1 at 4502 Mitchell St. in North Las Vegas. Dan Doherty, SIOR, Chris Lane and Jerry Doty of Colliers International represented the lessor, ICON PAC Nevada Owner Pool 3 Nevada.

 

A lease to Grow Generation Corporation. The approximately 5,050 square foot industrial property is located in Craig-Losee Business Center at 4310 Losee Rd. in North Las Vegas. Suzette LaGrange, CCIM and Kara Walker, CCIM of Colliers International represented the lessor, EFW LLC.

 

A lease to Polar Shades Inc. The approximately 3,875 square foot industrial property is located in Sunset Pointe Industrial Center at 545 W. Sunset Rd. in Henderson. Mike DeLew, SIOR and Greg Pancirov, SIOR of Colliers International represented the lessor, Sunset Pointe Group LLC.

 

A lease to Daybreak Christian Fellowship. The approximately 3,713 square foot office property is located in Origin Business Park at 7385 Prairie Falcon Rd. in Las Vegas. Rebecca Staniec of Colliers International represented the lessor, Patricia Iwamoto.

 

A lease to RBNV 1 Inc. (R Burgers). The approximately 3,270 square foot retail property is located in Warm Springs Marketplace at 7215 S. Eastern Ave. in Las Vegas. David A. Grant of Colliers International represented the lessor, LD Warm Springs LLC.

 

A lease to Anders & Assoc. Physical Therapy LLC. The approximately 1,189 square foot retail property is located in Aliante Marketplace at 2690 Deer Springs Way in North Las Vegas. David A. Grant of Colliers International represented the lessor, Aliante Plaza LLC.

 

A lease to King’s Palace Inc. dba House of Victory. The approximately 1,071 square foot office property is located in Desert Professional Plaza at 2225 E. Flamingo Rd., Suite 205 in Las Vegas. Stacy Scheer, CCIM, LEED GA and Steven Haynes of Colliers International represented the lessor, Diamond Creek Holdings LLC and the lessee.

Sun Commercial Is Set To Close Out September Strong

Sun LogoThe Sale of an office building was completed on September 8, 2017. The 71,024 square foot office space is located at 8912 Spanish Ridge Avenue, Las Vegas, NV 89148. The total value of the transaction was $17,600,000.00. Cathy Jones, Jeff Hachquet, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, SKG Park at Spanish Ridge, LLC and the Buyer was unrepresented.

 

 

The Sale of two industrial buildings was completed on September 7, 2017. The 87,513 square foot industrial buildings are located at 3101 E Craig Road and 4380 Donovan Way, North Las Vegas, NV 89030. The total value of the transaction was $8,200,000.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, JRTL LTD and Mitchell Asset Group, Inc. represented the Buyer, Gatehouse Las Vegas REI.

 

The Sale of an office building was completed on September 8, 2017. The 41,385 square foot office space is located at 8918 Spanish Ridge Avenue, Las Vegas, NV 89148. The total value of the transaction was $7,200,000.00. Cathy Jones, Jeff Hachquet, Paul Miachika, Roy Fritz, Jessica Cegavske and Jennifer Lehr of Sun Commercial Real Estate, Inc. represented the Seller, SKG Park at Spanish Ridge, LLC and Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Buyer, New Spanish Ridge, LLC.

 

The Sale of three retail buildings was completed on September 6, 2017. The 28,560 square foot buildings are located at 1736 &1800 Las Vegas Boulevard and 1711 S. Main Street, Las Vegas, NV 89104. The total value of the transaction was $6,350,000.00. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Seller, Grant Investments, LLC; Bali Family Trust, Gary & Christine Underhill; and Edward B. Underhill 1988 Living Trust.

 

The Sale of an industrial building was completed on August 31, 2017. The 5,520 square foot space is located at 9085 W. Post Road, Las Vegas, NV 89148. The total value of the transaction was $1,250,000.00. Lisa Hauger, Timothy Erickson, and Tim Behrendt of Sun Commercial Real Estate, Inc. represented the Seller, EJR Partnership and POA Commercial represented the Buyer, POA Commercial.

 

The Lease with Internet Marketing SEO, Inc. was completed on September 18, 2017. The 2,866 square foot office space is located at 3755 Breakthrough Way, Las Vegas, NV 89135. The total value of the transaction was $444,172.68. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Tenant, Internet Marketing SEO, Inc. and Cushman & Wakefield Commerce represented the Landlord, DIG BT Way, LLC.

 

The Lease with Gino Mauriello and Company, CPA, LLC was completed on August 15, 2017. The 2,554 square foot office space is located at 1607 E. Windmill Lane, Suite 200, Las Vegas, NV 89123. The total value of the transaction was $316,287.36. Sun Commercial Real Estate, Inc. represented the Landlord, Haikal Exemption Trust and the Tenant was unrepresented.

 

The Lease with Lonardo & Jacovino, LLC was completed on September 18, 2017. The 1,507 square foot office space is located at 7881 W. Charleston Boulevard, Suite 160, Las Vegas, NV 89117. The total value of the transaction was $104,683.71. Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate, Inc. represented the Landlord, Howe Family L.P. and the Tenant was unrepresented.

 

The Lease with Acevedo Agency, LLC was completed on September 20, 2017. The 1,200 square foot retail space is located at 9640 W. Tropicana Avenue, Suite 200, Las Vegas, NV 89147. The total value of the transaction was $92,429.97. Rob Moore and Matt Patros of Sun Commercial Real Estate, Inc. represented the Landlord, Teepee Development, LLC and KW Commercial represented the Tenant, Acevedo Agency, LLC.

 

The Lease with Morris Law Center, LLC was completed on September 1, 2017. The 2,586 square foot office space is located at 5450 W. Sahara Avenue, Suite 330, Las Vegas, NV 89146. The total value of the transaction was $67,255.10. Renae Russo of Sun Commercial Real Estate, Inc. represented the Landlord, J&Z International Inc. and Debbie German of Sun Commercial Real Estate, Inc. represented the Tenant, Morris Law Center, LLC.

Commercial Executives Represent Recent Office Transactions

CESoozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM, SIOR of Commercial Executives Real Estate Services recently represented M&S Patrick I, LLC in the sale of 2,500+/- SF of office space located at 7219 W Sahara Avenue, Suite 100, Las Vegas, NV to Lily Sau-Chu Shao.  The transaction is valued at $452,688.

 

Soozi Jones Walker, CCIM, SIOR and Bobbi Miracle, CCIM, SIOR of Commercial Executives Real Estate Services recently represented JBRM, LLC in the leasing of 1,250 +/- RSF of office space located at 8455 W. Flamingo Road, Suite 5, Las Vegas, NV to Forever Home Realty, LLC. The lease is for 36 months and is valued at $61,756.


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