Las Vegas Commercial Real Estate

Marnell Corrao Associates of Las Vegas is the design-build contractor on the 1.5-million-sq.-ft., mixed-use project called Town Square. The complex will feature a 270-room boutique hotel with contemporary décor; 150 retail shops; 12 restaurants; a 50,000-sq.-ft. fitness center, a 92,000-sq.-ft. home furnishings outlet, and an 89,000-sq.-ft., 20-screen movie theater operated by Rave Motion Pictures of [...]

CIP Real Estate and Buchanan Street Partners have acquired 892,000 sf at Hughes Airport Center in Las Vegas for $145 million in cash and debt. The acquired properties were developed in the late 1980s and early 1990s. They include single-tenant and multi-tenant buildings ranging in size from 32,700 sf to 75,866 sf. Occupancy is about [...]

The amount of available inventory in the industrial market is rapidly diminishing and future supply could be constrained because of land and construction prices, industry experts said. Vacancy rates for the industrial market continued to drop in the fourth quarter, indicating a high-demand, supply-constrained market and a market that could face challenges going forward, local [...]

Founders T-M Real Estate & Investments Ltd. reports that over 90% of investors sold their investment in Las Vegas’s Chapel Hill project after two and a half years. The investors accepted a $44 million offer by KW Equity LLC for the 280-unit project. Founders Investments said most of the company’s investors reinvested the proceeds in [...]

Investors are beginning to pour more money into the creation of industrial buildings. As global trade increases and corporations spend more money to expand operations and distribution markets, building industrial structures have become the next hot topic in commercial real estate. According to Real Capital Analytics, nearly $33 billion of industrial properties traded hands last [...]