Las Vegas Commercial Real Estate

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 […]

Margo Investments LLC has sold two office buildings located at 4680 and 4660 S. Eastern Ave. to AZZ Properties LLC and ZHZ Properties LP. Total purchase price was $5.6M, or approximately $152 per square foot.
The site at 4660 S. Eastern Ave. is a two-story, 27,612-square-foot office building on 1.98 acres. The single-story office building […]

Developer Harsch Investment Properties is reporting that the second phase of the Speedway Commerce Center, which involves 523,000-sf has been cleared for occupancy and that 25% has been pre-leased. Additionally, leases for another 10% of the space is out for signature.
The $52-million second phase consists of eight new light buildings with 24- to […]

Kimco Realty Corp., which owns and operates a portfolio of 1,365 neighborhood and community shopping centers totaling 175 million square feet, just added 12 more through an acquisition from Wall Street Properties Co.
Located in California and Nevada, the 1.1-million-square-foot portfolio sold for $342.9 million. At the time of sale, the entire portfolio was […]