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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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District-Green-Valley-Ranch_Henderson-Nev
DevelopmentNevadaNews

Vestar Underway on $3 Million Renovation Project at District at Green Valley Ranch in Metro Las Vegas

by Hayden Spiess

Henderson, Nev. — Vestar is underway on a $3 million renovation project at The District at Green Valley Ranch, a 385,000-square-foot retail development located in Henderson, roughly 15 miles outside Las Vegas. Scheduled for completion in early 2025, the project includes updates to exteriors, signage, lighting, landscaping and outdoor furniture. Additionally, the project will add 14,300 square feet of new space to the property. New tenants Flower Child and North Italia have also signed leases at the development and are scheduled to open this November. 

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Starbucks Las Vegas
Investment salesNevadaNews

Hanley Arranges Sale of New 2,365-Square-Foot Single-Tenant Property in Las Vegas

by Hayden Spiess

Las Vegas — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed single-tenant retail property located in Las Vegas. Starbucks Coffee occupies the building, which totals 2,365 square feet and features a drive-thru, on a 10-year lease. Bill Asher and Jeff Lefko, in association with ParaSell Inc., represented the developer and seller in the transaction. Jason Otter of Logic Commercial Real Estate represented the buyer, a local private investor. 

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FinanceNevadaNews

CommCap Advisors Arranges $23 Million Acquisition Financing for Retail Center in Las Vegas

by Hayden Spiess

Las Vegas — CommCap Advisors has arranged a $23 million bridge loan for the acquisition of Renaissance III, a retail center in Las Vegas. An entity doing business as Aspen NV LLC is the borrower. Renaissance III totals 225,748 square feet across 39 retail units, and the borrower plans to implement renovations at the property. Symetra Financial provided the loan, which features a three-year, interest-only term

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