Nevada

Experiential Art, Entertainment Complex AREA15 Opens in Las Vegas

by Alex Tostado September 21, 2020

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 …

September 21, 2020

Industry Content Leasing Malls Nevada Operations Restaurants Retailers Webinar

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

by Sarah Daniels September 11, 2020

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 …

September 11, 2020

Development Grocery-anchored Nevada News Retailers

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

by Alex Tostado July 9, 2020

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 …

July 9, 2020

Investment sales Nevada News Retailers

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

by Alex Tostado March 23, 2020

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.

March 23, 2020

Investment sales Nevada News Restaurants

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

by Alex Tostado February 11, 2020

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.

February 11, 2020

Investment sales Nevada News Retailers

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

by Alex Tostado January 3, 2020

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.

January 3, 2020

Investment sales Nevada News Retailers

Canon Commercial Buys 214,127-Square-Foot Westland Fair Retail Asset in Las Vegas

by Alex Tostado November 13, 2019

Las Vegas — Houston-based Weingarten Realty Investors has completed the sale of Westland Fair, a shopping center in west Las Vegas. Southern California-based Cannon Commercial acquired the asset for an undisclosed price. The transaction included seven parcels totaling 214,127 square feet of retail space. Rob Ippolito and Michael Zobrist of Newmark Knight Frank represented the seller in the deal. Located at 1251 S. Decatur Blvd., Westland Fair is anchored by regional and national tenants, including Smart & Final Extra!, Michaels and PetSmart. Additional tenants include Raising Cane’s Chicken Fingers, Freddy’s …

November 13, 2019

Grocery-anchored Investment sales Nevada News Retailers

CIRE Equity Acquires Sparks Galleria Retail Center Near Reno for $40.6 Million

by Alex Tostado October 17, 2019

Sparks, Nev. — CIRE Equity has purchased Sparks Galleria, a grocery-anchored retail center located in Sparks, a suburb of Reno. Pine Tree Commercial Realty sold the asset for $40.6 million. Anchored by Sprouts Farmers Market and Marshalls/HomeGoods, Sparks Galleria features 212,647 square feet of retail space. Additional tenants include Starbucks Coffee, Qdoda Mexican Eats, See’s Candies and Kay Jewelers. Colliers International, in collaboration with Newmark Knight Frank, represented the seller in the deal.

October 17, 2019

Investment sales Nevada News Retailers

PEBB Enterprises Acquires 64,599-Square-Foot Shopping Center in Metro Las Vegas

by Alex Tostado October 4, 2019

Henderson, Nev. — PEBB Enterprises has acquired Galleria Pavilion, a 64,599-square-foot shopping center in Henderson. The property was 37 percent leased at the time of sale to tenants including Panera Bread, Buffalo Wild Wings and Sport Clips. Galleria Pavilion is situated 11 miles southeast of downtown Las Vegas. This is PEBB’s third acquisition in the metro in the past six months. The sales price and seller were not disclosed.

October 4, 2019

Investment sales Nevada News

BK National Solutions Sells Gramercy Commons Retail Center in Las Vegas for $6.3 Million

by Alex Tostado September 17, 2019

Las Vegas — BK National Solutions LLC has completed the disposition of Gramercy Commons Retail Center, a multi-tenant retail building in Las Vegas. Manjinder Saini acquired the asset for $6.3 million. Located at 5752 S. Fort Apache Road, the property features 25,892 square feet of retail space. Roy Fritz, Cathy Jones, Paul Miachika, Taylor Vasquez and Dylan Heroy of Sun Commercial Real Estate represented the buyer, while Logic Commercial Real Estate represented the seller in the transaction.

September 17, 2019

Newer Posts

Older Posts