Friday, April 18, 2025
Read the Digital Magazines
Subscribe

Nevada

601-617-Mall-Ring-Circle-Henderson-NV
Investment salesNevadaNewsRestaurants

PEBB Enterprises Sells Galleria Pavilion Shopping Center in Henderson, Nevada for $22.5 Million

by Hayden Spiess

Henderson, Nev. — PEBB Enterprises has completed the sale of Galleria Pavilion, a shopping center located in Henderson, approximately 15 miles southeast of Las Vegas. Dong Koo Kim and Jong Ok Kim, trustees of the Dong Koo Kim and Jong Ok Kim Family Trust, acquired the property for $22.5 million. The 64,598-square-foot Galleria Pavilion is on an outparcel of Sunset Mall, a 1.1-million-square-foot retail center. At the time of sale, the property was 95 percent occupied by tenants including Buffalo Wild Wings, Panera Bread, Nothing Bundt Cakes, Aqua Tots and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Helios_Connectivity
DevelopmentMixed-useNevadaNewsUncategorized

Pacific Group Breaks Ground on 135-Acre Helios Mixed-Use Campus in North Las Vegas

by Hayden Spiess

North Las Vegas, Nev. — Pacific Group has broken ground on Helios, a 135-acre medical campus located in North Las Vegas. Construction costs for the project are set to total between $4.5 billion and $5 billion. At full buildout, the project is set to include a 1.1 million-square-foot inpatient hospital offering 600 beds, which will be built in three phases costing $1.2 billion; 1.3 million square feet of medical office and medical technology space; 250,000 square feet of retail with an emphasis on health and wellness; 900,000 square feet of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Craig-Marketplace
FinanceGrocery-anchoredInvestment salesNevadaNews

JLL Capital Markets Arranges $41.2 Million Sale, Acquisition Financing for Las Vegas Retail Center

by Katie Sloan

Las Vegas — Gerrity Group has sold Craig Marketplace, a 119,280-square-foot retail center in Las Vegas, for $41.2 million. Gleb Lvovich and Daniel Tyner of JLL Capital Markets represented both Gerrity and the California-based buyer in the 1031-exchange transaction. John Marshall, Jordan Leake and Carl Beardsley, also of JLL, secured acquisition financing on behalf of the buyer. Anchored by Albertsons, the center was 94.5 percent leased at the time of sale to tenants including Jack in the Box, Popeyes Louisiana Kitchen, Starbucks Coffee and Subway.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNevadaNews

Phillips Edison Acquires Las Vegas Crossroads Towne Center

by Katie Sloan

Las Vegas — Phillips Edison and Company Inc. (PECO) has purchased Crossroads Towne Center in Las Vegas. Anchored by Walmart, the 148,770-square-foot community shopping center is home to a mix of national and local retailers and restaurants, such as Planet Fitness, Bath & Body Works, Bank of America, Salon Boutique, Mattress Firm, CosmoProf and Dickey’s BBQ. This center is the fifth in the greater Las Vegas market to be acquired by PECO. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Cheyenne-Commons
FinanceNevadaNews

PEBB Enterprises Receives $36.2 Million Refinancing for Cheyenne Commons in Las Vegas

by Katie Sloan

Las Vegas — PEBB Enterprises has received a $36.2 million refinancing for Cheyenne Commons, a 325,425-square-foot retail center located at 3001 N. Rainbow Road in Las Vegas. The property was 94.2 percent occupied at the time of financing by tenants including a 114,513-square-foot Walmart, Floor & Décor, Goodwill and Ross Dress for Less. City National Bank provided the financing, terms of which were undisclosed. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Flamingo-Jones-Plaza
Investment salesNevadaNews

CBRE Arranges $7.9 Million Sale of Two-Property Retail Portfolio in Las Vegas

by Katie Sloan

Las Vegas — CBRE has arranged the $7.9 million sale of a two-property retail portfolio located in Las Vegas. The portfolio spans 17,940 square feet and includes Flamingo Jones Plaza, a 10,712-square-foot, six-tenant retail pad located at the intersection of Flamingo Road and Jones Boulevard; and Tropicana Centre, a 7,228-square-foot, five-tenant retail pad located near the intersection of Tropicana Avenue and Jones Boulevard. Flamingo Jones Plaza was 78 percent leased at the time of sale to tenants including Subway, Marco’s Pizza, Robert James Salon, B&T Nails and Rapid Cash. Tropicana …

Continue Reading
0 FacebookTwitterLinkedinEmail
Miracle-Mile-Shops-Las-Vegas
DevelopmentNevadaNews

Institutional Mall Investors Starts Renovations at 500,000-Square-Foot Miracle Mile Shops on Las Vegas Strip

by Katie Sloan

Las Vegas — Institutional Mall Investors LLC, a joint venture between Miller Capital Advisory and CalPERS, has started renovations at Miracle Mile Shops, a 500,000-square-foot shopping center on the Las Vegas Strip. The property is attached to the Planet Hollywood Resort & Casino. The mixed-use project will remain open during construction, which is scheduled for completion in spring of 2023. The redevelopment costs were not disclosed.  New entertainment features will include exterior and interior immersive light, sound and video experiences. Miracle Mile Shops guests will also enjoy new and upgraded …

Continue Reading
0 FacebookTwitterLinkedinEmail
Crossroads at Sunset
Investment salesNevadaNews

Dreamwork Management Buys Crossroads at Sunset Retail Center in Metro Las Vegas for $28.7 Million

by Julia Sanders

Henderson, Nev. — Dreamwork Management has acquired Crossroads at Sunset, a 13.9-acre multi-tenant retail center at the corner of Sunset Road and Stephanie Street in Henderson, about 15 miles from Las Vegas. SS Capital sold the property for $28.7 million. Chris Clifford, Steve Neiger and Brett Rather of Colliers represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Regency Plaza
Investment salesNevadaNews

CBRE Brokers Sale of 28,281-Square-Foot Regency Plaza Retail Center in Las Vegas

by Julia Sanders

Las Vegas — CBRE has arranged the sale of Regency Plaza, a retail property located at 320 N. Nellis Blvd. in Las Vegas. Rock Ridge Regency Plaza LLC acquired the property from Regency Developments LLC for $4.4 million. Roy Fritz, Michael Hsu, Dylan Heroy and Kellie Ortiz-Thompson of CBRE represented the seller in the transaction. Five tenants fully occupy the 28,281-square-foot property on long-term leases.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNevadaNews

Sahara Development Divests of Shopping Center in Las Vegas for $57 Million

by Julia Sanders

Las Vegas — Sahara Development has completed the disposition of The Gateway on The Strip, a 37,499-square-foot retail center located on the Las Vegas Strip. KB Gateway on the Strip LLC acquired the property for $57 million. Constructed in 2015 at 2427 S. Las Vegas Blvd., Walgreens anchors the property with a long-term lease through 2040. At the time of sale, the property was 42 percent occupied. The center features a freestanding parking garage, additional income via electronic billboard contracts, an upper-deck patio and an unrestricted gaming license. Chris Clifford, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts