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Huntridge Theater
Investment salesNevadaNews

Dapper Cos. Acquires Historic Huntridge Theater in Downtown Las Vegas, Begins Renovation

by Julia Sanders

Las Vegas — Dapper Cos. has purchased the historic Huntridge Theater in Las Vegas for $4 million. The company plans to renovate the theater, which is on the National Register of Historic Places. The theater originally opened in 1944 and shuttered after nearly 60 years of operation on July 31, 2004. The property was originally operated by the Commonwealth Theater Company of Las Vegas and in 1951, was taken over by the Huntridge Theater Company of Las Vegas, partially owned by actresses Loretta Young and Irene Dunne.

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DevelopmentNevadaNews

Parkview Financial Provides $100 Million Loan for Conversion of Harrah’s Hotel and Casino to Mixed-Use Project in Downtown Reno

by Katie Sloan

Reno, Nev. — Parkview Financial has provided a $100 million loan to Reno City Center, an affiliate of Las Vegas-based CAI Investments. The funds will be used for the renovation and redevelopment of Harrah’s Reno Hotel and Casino into Reno City Center, a mixed-use project. Gryphon Private Wealth Management’s opportunity zone fund provided the equity. Located at 219 N. Center St. in downtown Reno, the development will include 538 apartments and more than 250,000 square feet of office and retail space. The existing 6.3-acre, 15-building property comprises approximately 1.4 million …

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DevelopmentNevadaNews

Gindi Capital Completes 155,000-Square-Foot Expansion at Showcase Mall in Las Vegas

by Katie Sloan

Las Vegas — Gindi Capital has completed the Phase IV expansion of Showcase Mall, a 481,400-square-foot retail and entertainment destination in Las Vegas. Located at 3767 S. Las Vegas Blvd., the 155,000-square-foot phase includes the addition of a 50,000-square-foot Burlington and a 20,000-square-foot Target. Gindi Capital plans to add a rooftop bar and restaurant 75 feet above street level, offering views of the Las Vegas Strip. Nadel Architecture + Planning designed the expansion. 

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IndianaInvestment salesNevadaNewsRetailers

Walton Street Capital Sells Two Retail Centers in Indiana, Nevada

by Alex Tostado

Schererville, Ind. and Sparks, Nev. — Walton Street Capital has sold Town Square, a 138,571-square-foot retail center in Schererville; and Silver State Plaza Shopping Center, a 155,471-square-foot property in Sparks. Albanese Cormier acquired both centers in separate transactions. The sales prices were not disclosed. Town Square was delivered in 2001 and was leased to tenants including Bed Bath & Beyond, Old Navy, Shoe Carnival and T.J. Maxx at the time of sale. The property is situated at 40-124 Indianapolis Blvd., 29 miles south of downtown Chicago. Clinton Mitchell and Amy …

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DevelopmentEntertainmentNevadaNews

Experiential Art, Entertainment Complex AREA15 Opens in Las Vegas

by Alex Tostado

Las Vegas — AREA15, an experiential art and entertainment complex in Las Vegas, is now open to the public. While the complex is free to enter, pre-registration and masks are currently required to manage capacities and ensure a safe environment. AREA15 offers art installations, socially distanced activities, unique retail, bars and eateries. The property houses 40,000 square feet of indoor and outdoor event space with more than 800 free parking spaces. Currently, open retailers and experiences include Art Island, Birdly Virtual Reality Experience, Emack & Bolios, Gallerie 360 inside The …

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Industry ContentLeasingMallsNevadaOperationsRestaurantsRetailersWebinar

Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector Responding to COVID-19?

by Sarah Daniels

  Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector responding to COVID-19?  hosted by Shopping Center Business and Western Real Estate Business, covers the approaches taken by an expert panel of retail leaders responding to COVID-19. Watch Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector responding to COVID-19? to learn what retailers, restaurants, and developers need to thrive and what our panelists anticipate for retail in the near future. See a list of some topics covered below. How significantly has decreased tourism affected …

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DevelopmentGrocery-anchoredNevadaNewsRetailers

Safeway Breaks Ground on 62,000-Square-Foot Location at Damonte Ranch Town Center in Reno

by Alex Tostado

Reno, Nev. — Safeway has broken ground for a new grocery store at Damonte Ranch Town Center, located at the corner of Steamboat Parkway and Damonte Ranch Parkway in south Reno. The 62,000-square-foot store will be the grocery store chain’s third location in the Reno-Sparks market. Safeway will join RC Willey and The Home Depot as anchor tenants at the 509,000-square-foot shopping center, which Lewis Retail Centers owns. The retail center is part of the 2,000-acre Damonte Ranch master-planned community, which includes approximately 19,497 households within a three-mile radius of …

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Investment salesNevadaNewsRetailers

Sun Commercial Brokers $3.5 Million Sale of Retail Building in North Las Vegas

by Alex Tostado

North Las Vegas, Nev. — Sun Commercial Real Estate has arranged the sale of a retail asset located in North Las Vegas. Passco Management Services sold the property to an undisclosed buyer for $3.5 million. Located at 1820 E. Lake Mead Blvd., the building features 28,129 square feet of retail space. Roy Fitz and Dylan Heroy of Sun Commercial Real Estate represented the seller in the transaction.

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Investment salesNevadaNewsRestaurants

Marcus & Millichap Brokers $3.8 Million Restaurant Property Sale in Las Vegas

by Alex Tostado

Las Vegas — Marcus & Millichap has arranged the sale of a restaurant asset located in Las Vegas. A private family trust acquired the asset from a private investor for $3.8 million. Todd Manning of Marcus & Millichap’s Las Vegas office represented the seller in the deal. IHOP occupies the 4,700-square-foot building, which is located at 9480 W. Sahara Ave., on a net-lease basis.

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Investment salesNevadaNewsRetailers

Passco Sells Silver City Plaza Retail Center on Las Vegas Strip for $59.2 Million

by Alex Tostado

Las Vegas — California-based Passco Cos. has completed the disposition of Silver City Plaza, a retail center situated on the northern end of the Las Vegas Strip. Regal Acquisition acquired the property for $59.2 million. Located at 3001 S. Las Vegas Blvd., Silver City Plaza features 41,583 square feet of retail space. Current tenants include Ross Dress for Less, Walgreens, Denny’s and 7-Eleven. Rob Ippolito and Frank Volk of Newmark Knight Frank represented the seller in the transaction.

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