Class A Office in The District at Green Valley Ranch Sells for $19 Million

LAS VEGAS, November 11, 2019 – Cushman & Wakefield completed the sale of 2200 Paseo Verde, a 60,499-square-foot (sf) office building located at 2200 Paseo Verde Parkway in Henderson, Nevada. PREH Paseo Verde, LLC purchased the property from Pacific Oak SOR II. Charles Moore, Marlene Fujita and Hunter Bradshaw of Cushman & Wakefield brokered the $19,450,000 sale on behalf of the seller. “We’re delighted for new ownership. This is a great building in a solid trade area whose position in the heart of The District near Cheesecake Factory, P.F. Chang’s and Whole Foods couldn’t be better,” stated Moore. The three-story, Class A office building is located at the entrance of The District at Green Valley Ranch, a 400,000 sf mixed-use property. The freestanding office building, built in 2004, was part of the first phase of The District which also included 50 lifestyle retail shops and restaurants, and 88 luxury loft [...]

2019-11-11T18:00:10-05:00November 11th, 2019|In the News|

Landstar Purchases 5 Acres in West Henderson for Future Industrial Development

LAS VEGAS, October 21, 2019 – Cushman & Wakefield announced that Landstar, one of the top industrial investors in Las Vegas, purchased five acres on East Bruner Avenue in the West Henderson submarket for a future industrial development. The multi-tenant spec industrial project will be a joint venture with BrassCap. On behalf of both Landstar and the private seller, Amy Ogden and Danielle Steffen of Cushman & Wakefield negotiated the purchase for $2.4 million. Steffen stated, “As one of the top investors and developers in the market, we were thrilled to work with Landstar once again. Having sold Landstar their last three properties, totaling over $25 million in sales volume, and we are excited to partner with them on this new project.” About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman [...]

2019-10-21T14:20:27-04:00October 21st, 2019|In the News|

CALCAP Asset Management Sells City View Apartments for $13 Million

LAS VEGAS, September 30, 2019 – On behalf of CALCAP Asset Management, Cushman & Wakefield completed the sale of City View Apartments to a local multifamily owner for $13 million. Taylor Sims and Carl Sims of Cushman & Wakefield represented the seller in the transaction. Taylor stated, “The influx of capital into the Chinatown submarket made this opportunity very attractive to many prospective buyers. The recently constructed Shanghai Plaza and Greenleaf Lotus Apartments really set the tone for the direction that this pocket is headed, and we’re confident that City View Apartments is poised to take advantage of the shift.” City View Apartments, a garden-style 112-unit apartment complex located at 3355 Arville Street, is located in the West-Central submarket of Las Vegas. Constructed in 1977, the two-story community offers one- and two-bedroom floor plans, common areas, a pool and a lightly renovated clubhouse. The property recently underwent a light interior [...]

2019-09-30T17:21:33-04:00September 30th, 2019|In the News|

Cushman & Wakefield Las Vegas August Transactions

LAS VEGAS, September 19, 2019 – Cushman & Wakefield recently completed eight transactions totaling over 60,000 square feet (sf) and a sales volume of $3,850,000. Following are a few highlights of the August transactions: Directors Travis Noack and Kimberly Noack-Summers, represented Aquaventure Holdings/Quench Water in a 33,363 sf lease at Golden Triangle Industrial Park Bldg. A located at 4980 Statz Street in Las Vegas. On behalf of Jacobs Engineering Group, Senior Director Dan Palmeri, Senior Associate Natalie Wainwright and Associate Director Paula Lea negotiated an 18,563 sf lease at Tech Park 3 located at 1301 N. Green Valley Parkway in Las Vegas. On behalf of Post Industrial LLC, Senior Directors Amy Ogden and Danielle Steffen facilitated the purchase of 4730 W. Post Road in Las Vegas. The 14,360 sf industrial property was purchased for $2,450,000. Directors Alma Cuevas and Jason Griffis, represented Dunn-Edwards Corporation on a 2,733 direct lease to [...]

2019-09-19T14:18:03-04:00September 19th, 2019|In the News|

Cushman & Wakefield Industrial Team Lease and Sell Approximately 100,000 SF

LAS VEGAS, September 16, 2019 – The industrial Cushman & Wakefield team of Danielle Steffen, SIOR and Amy Ogden, SIOR recently leased a total of 79,756 square feet (sf) of industrial space in Las Vegas and sold a +/-17,000 sf building to a longtime client, Land Star Management. Landstar Management owns over 1 million sf of industrial and office space in Las Vegas. This will be the third property Ogden and Steffen have sold them. Mori Lee LLC, a designer, manufacturer and distributor of women’s apparel based in Deerfield Beach, Fla., signed a 49,356 sf, 60 month lease renewal at Winner Industrial Building. The new freestanding building, owned by Colony Capital, Inc., is located at 1055 Trade Drive in the Cheyenne Technology Corridor of North Las Vegas. The building includes 980 sf of office space, 10 dock doors, 10 dock levelers, one grade door, 32’ clear height, ESFR [...]

2019-09-17T14:24:45-04:00September 17th, 2019|In the News|

Samantha Rupert & Diana Cerda Join Cushman & Wakefield Asset Services Team

LAS VEGAS, September 9, 2019 – Cushman & Wakefield announced Samantha Rupert and Diana Cerda have joined the company’s Asset Services team in Las Vegas. “Samantha and Diana are well accomplished and respected professionals in the industry,” said Gene Laramee, Managing Director of Asset Services. “Their experience and connections within the Las Vegas real estate community will be a valuable asset to us and our clients.” Samantha joins Cushman & Wakefield as a Property Manager, where she will oversee the day-to-day operations of distribution and flex facilities throughout Las Vegas. She began her career working for a private investor developer and later moved into third party management where she has worked with Gatski Commercial, Newmark Knight Frank and Avison Young. Over the years, she has had the opportunity to work with institution clients including Stockbridge Capital Group, C-III Asset Management, Caprock Partners and Link Industrial. Diana is a [...]

2019-09-17T14:22:48-04:00September 17th, 2019|In the News|

Mountain Vista Apartments Sold for $17.75 Million

LAS VEGAS, August 26, 2019 – On behalf of Haven Realty Capital, Cushman & Wakefield completed the sale of Mountain Vista to an undisclosed buyer for $17.75 million. Taylor Sims and Carl Sims of Cushman & Wakefield represented the seller. This marks the team’s third time selling the asset. Taylor stated, “This was a great value-add acquisition for the buyer, as 50% of the units had been renovated by previous ownership, proving their rent thesis.” Mountain Vista, a 178-unit apartment complex located at 3950 S. Mountain Vista Street in Las Vegas, is conveniently located near major commuter freeways, local shopping center, dining venues, and minutes from the Las Vegas strip. Built in 1979, the two-story property features a mix of one-, two and three-bedroom floor plans. Unit interiors offer walk-in closets, balconies, storage space, and high speed internet access. The community features a business center, breakfast/coffee concierge, grills, fitness center, [...]

2019-09-17T14:21:17-04:00September 17th, 2019|In the News|

EQ Office Appoints Cushman & Wakefield as Exclusive Leasing Agent for The Hughes Center (“The HC”) in Las Vegas

Mixed-Use Development Encompasses Approximately 1.4 MSF of Commercial Office Space LAS VEGAS, August 21, 2019 – Cushman & Wakefield announced its appointment by EQ Office as exclusive commercial leasing agents for The Hughes Center (“The HC”), a 68-acre mixed-use, master-planned business campus located in the central commercial hub of Las Vegas. The HC is comprised of 10 Class A office buildings, 10 retail buildings, and a 3.1-acre development site. Within the campus, there is also a Marriot Residence Inn, two luxury condominium towers, restaurants, and a 375-unit luxury apartment development. Cushman & Wakefield’s Charles Van Geel, Director, and Matthew Kreft, Senior Associate, will oversee leasing activities for the office portion of The Hughes Center’s 1.4 million square foot corporate campus. “The Hughes Center has always been a well-known business campus; however, with all of the additions, it will soon be in an unmatched class of its own in Las Vegas,” [...]

2019-09-17T14:19:44-04:00September 17th, 2019|In the News|

Cushman & Wakefield Las Vegas July Transactions

LAS VEGAS, August 13, 2019 – Cushman & Wakefield recently completed six transactions totaling over 70,000 square feet (sf). The Las Vegas team are professional advisors in the leasing and sales of office, industrial, and retail buildings; multifamily and investment properties; land for sale; and commercial property management. Following are a few highlights of the July transactions: On behalf of Vegas Stephanie, LLC, Senior Director Dan Hubbard negotiated a 1,419 sf lease to Burger IM at Stephanie Beltway Plaza located at 19 S. Stephanie Street in Henderson, Nevada. Senior Director Neil Sorkin represented the landlord, Paseo Verde Group LLC in negotiating a 2,264 sf lease to MassMedia LLC at Pebble Place Business Center located at 2140 E. Pebble Road in Las Vegas. Leo Biedermann, Director, represented Fisher Brothers Las Vegas LLC in two recent leases totaling 3,653 sf at Building C located at 3000-3030 Rigel Avenue in Las Vegas. Computer [...]

2019-09-17T14:18:13-04:00September 17th, 2019|In the News|

Cushman & Wakefield Represents Festival Tenant in 5-Year Lease Expansion within North Las Vegas Industrial Submarket

Insomniac takes an additional 107,000 sf at Lone Mountain Corporate Center LAS VEGAS– June 24, 2019 – Cushman & Wakefield announced today, Insomniac Holdings, LLC, a leading event management company with headquarters in Beverly Hills, California, has signed a 5-year lease at Lone Mountain Corporate Center in the North Las Vegas industrial submarket of Southern Nevada. Senior Directors, Alma Cuevas and Jason Griffis, from Cushman & Wakefield represented the tenant at the project. Insomnaic will occupy an additional 107,000 square feet of industrial space and double their existing, adjacent facility within the industrial complex. Insomniac oversees event management for popular shows including the Electric Daisy Carnival, Nocturnal Wonderland, and Audiotistic. According to Cushman and Wakefield’s research, more than 80% of all new distribution and logistics properties in the metro area are being constructed in North Las Vegas. The only other submarket with multiple industrial construction projects underway is the Southwest. [...]

2019-06-24T17:07:59-04:00June 24th, 2019|In the News|