Las Vegas Commercial Real Estate

The assets of Huffman Builders West was recently acquired by Venture Corp., which specializes in building commercial condos and other small for-sale commercial properties. The transaction totaled approximately $50.4 million in equity and debt assumption.
Venture, hoping to expand its presence in Las Vegas, picked up four Huffman developments totaling about 520,000 square feet. The […]

Lake Mead Promenade LLC purchased the 22,700-square-foot retail shopping center from a private investor. The center sold for $9.9 million, or approximately $436 per square foot. A 6.5% cap rate based on pro forma income was reported by the broker. The center is currently more than 80% occupied.
The center is in a densely populated area […]

GlobeSt is reporting that an affiliate of Diamond Resorts has commenced its tender offer for all of Sunterra Corp.’s issued and outstanding common stock. At $16 per share, acquiring all outstanding shares would cost the company $315.5 million. The total value of the deal, including the assumption of $375 million of existing Sunterra debt, is […]

Markets go up and down. It all depends on supply and demand. The most of the money is made if you buy when market is down and sell when it is up. So what is the current place where you can buy low? Check Memphis, Tennessee. Office buildings can be bought for around $30 per […]

A recent article in the Las Vegas Business Press reported that in 2007, SAXA Development (formerly Shea Commercial) plans to build $99.5 million worth of office projects in the Las Vegas Valley. A total of 24 buildings totaling 209,280 square feet in 24 buildings were finished in the past week.
Shea at Warm Springs, which […]