Las Vegas Commercial Real Estate

With the housing market cooling, apartment vacancies are expected to decrease to 5.3% nationally this year. Rent growth is also at its strongest since 2000 at 5.5%. Over the past two years, apartment investors have experienced total returns of about 20% a year from income and unusually high price appreciation — up from […]

California-based Triple Net Properties, LLC announced the acquisition of a 204,000 square foot Class A office building at 2716 North Tenaya. The property includes a five-story parking structure adjacent to the building and a vacant noncontiguous 1.6 acre frontage pad. Currently, it is 100% leased on a long-term, absolute net basis by Sierra Health […]

Montecito Cos. announced plans to build Cheyenne Point retail center. The 93,000-square-foot retail center will be anchored by a grocery store on 9 acres at the southeast corner of Cheyenne Avenue and Civic Center Drive. The project cost is expected to cost $21 million.
It would also be the first large-scale commercial retail […]

Commercial and industrial real estate continues to do well in the Valley — if recent real estate transactions tell you anything:
Equity Based Services bought 52,705 sf of industrial space in Henderson, for $4.56 million, or $86.51 per square foot.
7 @ Spanish Ridge LLC bought an 8,158 sf. office building in The Park at Spanish Ridge […]

Carefree Senior Living is selling nine of its properties to Chicago based developer, Orion Residential of Chicago making this the largest sale to date of multi-family housing in southern Nevada. More than 22-hundred units will change hands for approximately $243M. Orion says it’s not planning any big changes. When completed, this […]