RCG Economics Las Vegas - Real Estate Trends - Market Research Analysis

Desert Inn Commerce Center Signs Lease

John Restrepo — Wed, 22 May 2013 15:23:00 +0000

Vegas Valley SVC LLC signed a 1-year $24,000 lease for 3,600 square feet of industrial space inside Desert Inn Commerce Center at 3230 Desert Inn Road, Suite 160, in Las Vegas. Cushman & Wakefield-Commerce’s Leo Biedermann represented both the lessee and lessor, Paradise Las Vegas LLC. The reported average rent equals 56 cents per square foot.

Attorney Kristina Holman Signs 3-Year Office Lease

John Restrepo — Wed, 22 May 2013 15:22:17 +0000

Kristina Holman Attorney at Law signed a 3-year $35,236 lease for 240 square feet inside a two-story, 5-year-old, two-story office building, on 0.40 acres, at 703 S. 8^th St. in Las Vegas. Cushman & Wakefield-Commerce’s Carolyn Curtis represented the lessor, Patricia Carl. The reported average rent equals $4.08 per square foot.

Impact Archery Signs $126,503 Lease

John Restrepo — Wed, 22 May 2013 15:21:31 +0000

Impact Archery signed a 37-month, $126,503 lease for 5,449 square feet of industrial space inside the 22-year-old Cypress Center Business Park at 6323 Dean Martin Drive in Las Vegas. Cushman & Wakefield-Commerce’s Leo Biedermann and Dan Palmeri represented the lessee. The reported average rent equals 63 per square foot.

Jordan Park Building Sold for $375,000

John Restrepo — Wed, 22 May 2013 15:20:42 +0000

Design to Print bought a 19-year-old, 4,872-square-foot industrial building inside Jordan Park at 5025 Schuster Street in Las Vegas for $375,000, or $77-per-square-foot, from Willy Ng. MDL Group’s Lisa Hauger represented the buyer; Cushman & Wakefield-Commerce’s Sharon Beesley represented the … Continue reading →

Southern Nevada Movers Signs Lease Extension

John Restrepo — Wed, 22 May 2013 15:18:01 +0000

Southern Nevada Movers signed an 18-month, $226,584 lease extension for 52,450 square feet of industrial space, on 3.5 acres, at 1037 E. Colton Ave. in North Las Vegas. Cushman & Wakefield-Commerce’s Amy Ogden and Danielle Steffen represented the lessee and lessor, Leonard Rental LLC. The reported average rent equals 24 cents per square foot.

Spencer Airport Plaza Extends Tenant Lease

John Restrepo — Wed, 22 May 2013 15:17:17 +0000

Gtech Corp. signed an 8-month $52,362 lease extension for 7,076 square feet of industrial space inside the 10-year-old Spencer Airport Plaza at 6757 Spencer St., Building D, in Las Vegas. Cushman & Wakefield-Commerce’s Susan Borst and Mike Hillis represented the lessee. The reported average rent equals 92 cents per square foot.

Attorney Trevor Hatfield Signs LV Office Lease

John Restrepo — Wed, 22 May 2013 15:16:21 +0000

Attorney Trevor Hatfield signed a 6-month $6,000 lease for 284 square feet inside a two-story, 5-year-old, two-story office building, on 0.40 acres, at 703 S. 8th St. in Las Vegas. Cushman & Wakefield-Commerce’s Carolyn Curtis represented the lessor, Patricia Carl. … Continue reading →

Pearl Court Industrial Building Sold for $556,780

John Restrepo — Tue, 21 May 2013 19:25:20 +0000

AMW Precision LLC bought an 8-year-old 7,954-square-foot industrial building, on 0.49 acres, inside Pearl Court Industrial Center at 3685 E. Post Road in Las Vegas for $556,780, or $70-per-square-foot, from the Joyce La Grange Trust. Sperry Van Ness’ Erik Sexton represented the buyer; Colliers International’s Brian Riffel and Suzette La Grange represented the seller.

Oquendo Industrial Building Nets $1.9 Million

John Restrepo — Tue, 21 May 2013 19:24:37 +0000

Real Capital Corp. bought an 11-year-old, 37,708-square-foot industrial building, on 2.06 acres, at 5030 W. Oquendo Road in Las Vegas for $1,870,001, or $50-per-square-foot, from Oquendo Properties LLC. Colliers International’s Dean Willmore represented the buyer.

A2 Exhibits Signs 3-Year Industrial Lease

John Restrepo — Tue, 21 May 2013 19:23:54 +0000

A2 Exhibits Inc. signed a 3-year, $92,604 lease for 4,800 square feet of industrial space inside Valley View Corporate Center II, on 8.17 acres, at 6225 South Valley View Blvd., Suite G, in Las Vegas. Avison Young’s Joe Leavitt represented the lessee; Colliers International’s Spencer Pinter represented the lessor, Valley View I, II & III LLC. The reported average rent equals per 54 cents square foot triple net.