Las Vegas Commercial Real Estate

Earlier this month, Building 3 and Building 5, in the Siena Office Park changed hands. The transaction price involving more that 101,000 square feet of space between the two buildings was approximately $42 million. Major tenants located in the two buildings include HQ Global Workplaces Inc., National University and Countrywide Home Loan. Overall […]

Last week, the City Council approved plans for an 85-acre development along the West side of Main Street. The project would include more than 9,000 hotel, timeshare and condo units, 3.5 million sf of permanent exhibition space, 1.2 million sf of commercial/retail space, a 22,000-seat sports arena and 300,000 sf of gaming area.
The developer, […]

AIM Development has sold its strip center at 1725 E. Warm Springs Road to California-based Russ Properties LLC. The center was acquired by AIM in 2004 for approximately $3.8M. It was sold to Russ Properties for $7.49M, or approximately $307 per square foot.
The 24,366-square-foot center was built in 1992 and sits on […]

Crossroads Malcai LLC has sold the Crossroads Plaza located at 9435 W. Tropicana Ave. The buyer, Birkleland Family LLC I and IV purchased the retail shopping center for $37 million, or approximately $320 per square foot at a 6.3% cap rate.
The neighborhood retail center totals 115,723 square feet and sits on 11.87 […]

The Rancho Del Sol Apartments at 1536 N. 22nd St. have been sold by Rancho Del Sol LLC to Khoan and Khem Than for $6.4 million, or approximately $80,000 per unit, with a 5.31% cap rate.
The 80-unit two-story apartment totals 58,480 square feet on 3.42 acres. The apartments consist of 80 two-bedrooms/one-bath units. The […]