Las Vegas Commercial Real Estate

Last week, exchange-traded funds based on commercial real estate indexes created with the National Association of Real Estate Investment Trusts began trading, according to the FTSE Group. Barclays Global Investors licensed FTSE to create five funds targeting apartment, industrial and office, mortgage and retail REITs.
The new iShares Funds will be linked to the FTSE […]

Third Addition LLC has sold the office building at 350 Falcon Ridge Parkway in Mesquite. Total consideration for the transaction was $1.4M or $175 per square foot. The buyer is listed as Hightime Properties LLC.
Located in the Falcon Mesa Business Park, the 8,000-square-foot office building sits on .70 acres. At the time of […]

California investors Albert and Mardkhai Ghiam have purchased the Walgreen’s building located at 9420 W Lake Mead Blvd. from South Tech Lake Mead LLC. The final purchase price was reported to be $6.67 million, or about $479.50 per square foot.
The 13,905 square feet building sits on 1.39 acres and was built in 1998. It […]

G&S Investors, Sunrise LLC has sold the Piedmont Springs Apts. to V&D Investments. The complex, located at 1700 N. Lamb Blvd. sold for $8.45 million, or $84,500 per unit, with a 5.7% cap rate.
The 100-unit, two-story apartment building, built in 1990, sits on 3.86 acres and totals 98,950 square feet. All units at […]

Matteson Real Estate Equities, Inc. has sold Reflections at the Lake, a 326-unit multifamily complex located eight miles west of the Strip at the southwest corner of Sahara Avenue and Grand Canyon Drive. Principal Real Estate Investors and JB Matteson Institutional Capital Partners LLC have jointly acquired the property for approximately $39 million. […]