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Paradise Esplanade
Investment salesNevadaNews

JLL Arranges $46.4 Million Sale of Paradise Esplanade in Las Vegas MSA

by Abby Cox

Paradise, Nev. — JLL Capital Markets has arranged the $46.4 million sale of Paradise Esplanade, a 58,727-square-foot neighborhood shopping center located in Paradise, roughly 11 miles south of the Las Vegas Strip and adjacent to the University of Nevada-Las Vegas. CVS Pharmacy and Ferraro’s Italian Restaurant & Wine Bar anchor the two-building property, which was 89 percent leased at the time of sale. Daniel Tyner and Gleb Lvovich of JLL’s Investment Sales and Advisory team represented the private seller in the transaction. The buyer was a Los Angeles-based private family office.

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Jewel-Osco grocery store
ColoradoIllinoisInvestment salesNevadaNewsTexasWisconsin

Kidder Mathews Arranges $75.9 Million Sale of 10-Property Retail Portfolio Totaling 322,304 Square Feet

by Abby Cox

San Diego, Calif. — Kidder Mathews has arranged the $75.9 million sale of a 10-property, single-tenant net leased retail portfolio totaling 322,304 square feet. The portfolio spans five states — including Colorado, Illinois, Nevada, Texas and Wisconsin — and features five Albertsons-guaranteed grocery stores, four auto service centers and one Dutch Bros Coffee shop. Paul Danker of Kidder, along with Scott Reid of Parasell Inc. and John Nesbitt, Kristen Zimmerman and Remy Tams of Designated Broker Solutions, represented the seller, a private investor.

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The District at Green Valley Ranch
DevelopmentLeasingMixed-useNevadaNews

Vestar Completes $3 Million Renovation of The District at Green Valley Ranch in Las Vegas

by Abby Cox

Las Vegas — Vestar has completed the $3 million renovation of The District at Green Valley Ranch, a 385,000-square-foot mixed-use development in Las Vegas. Developed in 2004 and 2005, the renovation project included upgraded signage, refurbished pylons and monuments, enhanced lighting with new fixtures, refreshed paint and improved landscaping, as well as remodeled storefronts, parking areas and entryways. Vestar has also secured a partnership with upscale home goods retailer Pottery Barn, a tenant at the center, to bring higher-quality outdoor furniture to the development’s communal spaces.   The District is currently …

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The Cliff
DevelopmentEntertainmentMixed-useNevadaNewsRestaurantsRetailers

City of Henderson Approves Development Plans for $50 Million Retail Project in Metro Las Vegas

by Abby Cox

Henderson, Nev. — The City of Henderson has approved development plans for The Cliff, a $50 million open-air retail and dining destination located in Henderson, roughly 15 miles outside Las Vegas. A 100,000-square-foot office complex on the property will be redeveloped into a pedestrian-friendly, retail-oriented environment that features landscaped courtyards, breezeways, public art, live music and a kiosk village named “The Yard.” Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff will be Henderson’s first retail development in more than 20 years. Construction is expected to …

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Tivoli Village at Queensridge
LeasingNevadaNews

Four New Tenants Join Tivoli Village at Queensridge in Las Vegas

by Abby Cox

Las Vegas — Four new tenants have signed leases to join Tivoli Village at Queensridge, a 1 million-square-foot mixed-use development located in the Queensridge neighborhood of Las Vegas. Scissors and Scotch has already opened at the property, while Prenuvo is scheduled to open in the spring. Design Within Reach and Saatva are expected to open this summer. Additional tenants at the property include Restoration Hardware, Merrill Lynch, Al Solito Posto, Leone Café, Regus, PKWY Tavern and La Casa. Managed by Vestar and owned by 3D Investments, Tivoli Village at Queensridge …

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Kiley Ranch concept
DevelopmentInvestment salesNevadaNews

Barclay Group Acquires Site in Nevada for $25.6 Million, Plans 400,000-Square-Foot Retail Center

by Abby Cox

Sparks, Nev. — Barclay Group has acquired a 46.7-acre site in Sparks for $25.6 million, with plans to develop the property into a 400,000-square-foot retail center. Dubbed Kiley Ranch Marketplace, the development will become the first new retail power center in Sparks since 2005. Phase I of the project is scheduled for completion in the fourth quarter of 2026. Shawn Smith and Sean Retzloff of Kidder Mathews represented both Barclay Group and the seller, KM2 Development, Inc., in the transaction. Kidder Mathews will also handle leasing for the project.

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Mountain’s Edge Marketplace
Grocery-anchoredInvestment salesNevadaNews

CBRE Arranges $50.3 Million Sale of Shopping Center in Las Vegas

by Abby Cox

Las Vegas — CBRE has arranged the $50.2 million sale of a 115,037-square-foot portion of Mountain’s Edge Marketplace, a 250,000-square-foot shopping center located within the master-planned community of Mountain’s Edge in Las Vegas. Built in 2016, the property is situated on roughly 14.8 acres. Tenants at the center, which was 98 percent leased at the time of sale, include Ross Dress for Less, Planet Fitness, Starbucks Coffee, Supercuts, The UPS Store, China A Gogo and T-Mobile. The sale excluded the parcel occupied by Albertsons, as well as multiple single-tenant parcels. …

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Vista-Commons_Las-Vegas
Company newsGrocery-anchoredNevadaNews

Vestar to Manage 100,000-Square-Foot Retail Center in Las Vegas

by Hayden Spiess

Las Vegas — Vestar has been selected to provide management services for Vista Commons, a 100,000-square-foot retail center located in the Summerlin neighborhood of Las Vegas. Albertsons anchors the property, which is fully occupied. Other tenants at the center include Wells Fargo, State Farm, Subway, Bank of America and Dunkin’ Donuts. Vestar will manage Vista Commons on behalf of an institutional client that recently acquired the property. Gleb Lvovich and Daniel Tyner of JLL Capital Markets brokered the acquisition. This marks the fifth Las Vegas property in Vestar’s management portfolio. 

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99-Cents
ArizonaCaliforniaCompany newsFinanceInvestment salesNevadaNewsTexas

Hilco Arranges $168 Million Sale of 99 Cents Portfolio

by Hayden Spiess

Commerce, Calif. — Hilco Real Estate has arranged the $168 million sale of the 99 Cents Only Stores LLC real estate portfolio as part of the retailer’s Chapter 11 bankruptcy proceedings. Founded in 1982, California-based 99 Cents began its liquidation in April 2024, citing rising competition, increased labor costs, challenging logistics and the effects of the COVID-19 pandemic. The portfolio included 44 company-owned properties, as well as 333 store leases and three vacant development parcels. According to Hilco, the portfolio generated significant interest, and 181 asset purchase agreements with non-refundable earnest money deposits …

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DevelopmentMixed-useNevadaNews

Nadel Architecture + Planning to Repurpose Oddie District in Northern Nevada

by Hayden Spiess

Sparks, Nev. — Nadel Architecture + Planning will lead a repurposing project at the Oddie District, a retail and community destination located in Sparks in northern Nevada. In addition to retail space, the property features an artist colony and local business incubator — dubbed The Generator — with office spaces. Nadel will demise a 178,000-square-foot space that currently houses a Lowe’s Home Improvement store and make enhancements to The Generator. Upon completion, the former Lowe’s site will be open for leasing by retail tenants. An entity doing business as Oddie District …

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