Nevada

Gindi Capital Acquires Las Vegas Strip Property for $172 Million

by Alex Tostado July 1, 2019

Las Vegas — Gindi Capital, a privately held investment company, has acquired a 9.5-acre property on the Las Vegas strip for $172 million from FX Luxury Las Vegas, an affiliate of Spectrum Group Management. The property is located at 3743-3759 Las Vegas Blvd., adjacent to Gindi’s other holdings on the strip, and contains 700 feet of street frontage. Gindi Capital is working with its development and design teams to plan a new flagship retail, entertainment and dining experience inside the building.

July 1, 2019

Nevada Retail Insight

5 (More) Things Las Vegas Can Teach RECon Attendees About the New Retail Environment

by SCB Staff April 30, 2019

Las Vegas is the ideal place to discuss the new retail environment. This city was, after all, built on experiences, excess and entertainment. Its hospitality, food and beverage programs and ability to shock are second to none. These attributes make for great conversation at RECon networking events – but they make for much more, too. In many ways, the city can provide a blueprint for where consumer tastes and spending are heading, which is why we’re following up last year’s retail lessons with a new top five. 1) Support Local …

April 30, 2019

Investment sales Nevada News Retailers

PEBB Enterprises Acquires 228,279-Square-Foot Rainbow Promenade Retail Center in Las Vegas

by Alex Tostado April 25, 2019

Las Vegas — PEBB Enterprises has purchased Rainbow Promenade, a retail power center adjacent to U.S. 95 and North Rainbow Boulevard near Las Vegas’ Summerlin submarket. PEBB acquired the 228,279-square-foot property through an auction platform. The price was not disclosed. The center recently underwent a $5 million renovation and is currently 95 percent occupied by a variety of tenants, including Hobby Lobby, Barnes & Noble Bookstore, Party City and Cost Plus World Market. The asset also includes three ground-lease pads occupied Macaroni Grill, Chili’s Grill & Bar and AMC Theatres. …

April 25, 2019

Investment sales Nevada News Retailers

Marcus & Millichap Negotiates $5.2 Million Sale of 10,500-Square-Foot Retail Building in Las Vegas

by Alex Tostado March 22, 2019

Las Vegas — Marcus & Millichap has arranged the sale of Mountain’s Edge Pad E, a retail property in Las Vegas. An undisclosed seller sold the property for $5.2 million. Located at 8085 Blue Diamond Road, the property features 10,500 square feet of retail space. Dustin Alvino and Jake Wasserkrug of Marcus & Millichap represented the seller and undisclosed buyer in the deal.

March 22, 2019