Nevada

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EntertainmentInvestment salesNevadaNews

LOGIC Commercial Real Estate Brokers Sale of Emerald Island, Rainbow Club Casino in Henderson, Nevada

by Hayden Spiess

Henderson, Nev. — LOGIC Commercial Real Estate has arranged the sale of Emerald Island and Rainbow Club Casino in downtown Henderson. An affiliate of ECL Water Street LCC, a Las Vegas-based company with 45 properties in three states, acquired the properties from Tim Brooks for an undisclosed price. The buyer company is led by Ron Winchell and Marc Falcone. Tim Brooks, former owner, will continue overseeing both properties’ day-to-day operations as general manager. Comprising approximately 2.7 acres, the portfolio features a combined gaming machine count of approximately 768 and each property …

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Shake-Shack_North-Las-Vegas-Nev
LeasingNevadaNewsRestaurants

Shake Shack Opens First Drive-Thru Restaurant in Nevada

by Hayden Spiess

North Las Vegas, Nev. — Shake Shack has opened a new drive-thru restaurant in North Las Vegas, roughly 3 miles outside Las Vegas. This marks the first drive-thru for Shake Shack in Nevada and the fifth location for the brand in the state. Shake Shack’s presence in the United States currently includes more than 320 restaurants across 33 states. 

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Decatur-215_Las-Vegas
FinanceNevadaNews

Calmwater Capital Provides $23.3 Million Acquisition Financing for Shopping Center in Las Vegas

by Hayden Spiess

Las Vegas — Calmwater Capital has provided a $23.3 million loan for the acquisition of Decatur 215, a 126,678-square-foot shopping center located in Las Vegas. An entity doing business as Decatur Palm Plaza LLC was the borrower. Tenants at the property, which was fully leased at the time of financing, include Petco, Hobby Lobby, Ulta Beauty, Sprouts Farmer’s Market, Sleep umber and Blaze Pizza. Zachary Novatt, Larry Grantham and DaJuan Bennett of Calmwater Capital originated the financing. 

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Investment salesNevadaNews

CTO Sells Eastern Commons Shopping Center in Metro Las Vegas for $18.2 Million

by Hayden Spiess

Henderson, Nev. — CTO Realty Growth has sold Eastern Commons, a 129,600-square-foot shopping center located in Henderson, roughly 15 miles outside Las Vegas. An undisclosed buyer acquired the property for $18.2 million. The seller plans to utilize proceeds from the sale in a 1031-exchange transaction. 

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Decatur-215_Las-Vegas
Grocery-anchoredInvestment salesNevadaNews

Brixton Capital Sells 126,678-Square-Foot Retail Center in Las Vegas

by Hayden Spiess

Las Vegas — Brixton Capital has sold Decatur 215, a 126,678-square-foot retail center located in Las Vegas. Tenants at the center, which was fully leased at the time of sale, include Petco, Hobby Lobby, Ulta Beauty, Sprouts Farmer’s Market, Sleep Number and Blaze Pizza. An entity doing business as Decatur Palm Plaza LLC acquired the property for an undisclosed price. Lucescu Realty represented the buyer, and Brixton Capital was represented on an internal basis. 

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Picklr
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The Picklr to Open 80 New Venues in 11 States

by Hayden Spiess

Kaysville, Utah — Utah-based indoor pickleball brand The Picklr will open 80 new venues across eleven states, including Arizona, Colorado, Florida, Georgia, Illinois, Minnesota, Nevada, Tennessee, Texas, Utah and Wyoming. The facilities will be opened in partnership with 13 new franchisees. “With seven corporate owned facilities, our first-mover advantage has undeniably led to a high level of interest from well capitalized candidates across the entire country,” says Scott Schubiger, chief growth officer of The Picklr. 

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DevelopmentNevadaNews

Diversified Partners Underway on 2,573-Square-Foot Single-Tenant Property Near Las Vegas

by Hayden Spiess

Henderson, Nev. — Diversified Partners is underway on the construction of a 2,573-square-foot single-tenant building located in Henderson, roughly 16 miles outside Las Vegas. Scheduled for completion later this month, the property will be occupied by Starbucks Coffee and feature a 900-square-foot outdoor patio space. The project team includes Kitrell Jenson Contractors and RKAA Architects. 

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ColoradoCompany newsDevelopmentIndianaLeasingMissouriNevadaNewsTexas

Chicken N Pickle to Open Seven New Locations 

by Hayden Spiess

Kansas City, Mo. — Kansas City-based Chicken N Pickle has announced plans to open seven new locations by the first quarter of 2025. Plans include locations in St. Charles, Missouri; Allen, Texas; Fishers, Indiana; Henderson, Nevada; Webster, Texas; Thornton, Colorado; and Parker, Colorado. Chicken N Pickle outposts typically comprise 32,000 square feet and feature a restaurant, sports bar, pickleball courts and yard games. The new openings will nearly double the brand’s footprint, which currently includes eight locations. 

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Bojangles-Store-Sign
Company newsDevelopmentNevadaNewsRestaurants

Bojangles Signs Development Agreement for 20 Restaurants in Las Vegas

by Hayden Spiess

Las Vegas —Bojangles has signed a development agreement for 20 new restaurants in Las Vegas, as well restaurants within 10 TravelCenters of America franchise locations. TravelCenters of America franchisee LVP Restaurant Group LLC, an entity of LV Petroleum, and its investment partner, Kingsbarn Realty Capital, will lead the projects. In partnership with LVP Restaurant Group, Kingsbarn will identify and acquire properties suitable for the new Bojangles developments. In July, Bojangles launched its expansion strategy, including a streamlined menu, new building design and new staffing model. 

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