REBusinessOnline

Nevada

Wolff Co. Starts Construction of 146-Unit Independent Living Community in Reno

RENO, NEV. — The Wolff Company has started construction on Revel Rancharrah, a 146-unit independent living community within Reno’s Rancharrah master-planned community. The development is scheduled for completion in 2018. The four-story property will be Wolff’s fifth seniors housing community. Wolff plans to invest $300 million to $400 million annually in new independent living development, in addition to seeking acquisition opportunities.

November 16, 2017

Pollo Campero Opens Second Las Vegas Location

LAS VEGAS — Pollo Campero has opened its newest restaurant in Las Vegas, marking the second Las Vegas location and 75th location nationwide. The new restaurant is the second Pollo Campero for GSK 3 Investments, which is owned by franchisees Maria Enamorado and her sons, Gurpaul and Gurdev Kular. In April, GSK 3 Investments opened Nevada's first Pollo Campero restaurant in North Las Vegas. The latest restaurant opening is part of Pollo Campero's strategic development plan focused on..

October 23, 2017

Howard Hughes Corp. to Develop New Baseball Stadium for Las Vegas 51s

LAS VEGAS — The Howard Hughes Corp. has unveiled plans to develop and construct the Las Vegas Ballpark in Downtown Summerlin, the urban core within the 22,500-acre master-planned community of Summerlin in Las Vegas. The new ballpark will be the future home of the Las Vegas 51s, the city’s professional baseball team. The name refers to Area 51, which is located roughly 80 miles north of the city. The team's logo depicts one of the gray aliens thought by UFO believers to inhabit the site,..

October 11, 2017

Brookhollow Group, PCCP Purchase 383,000 SF Office Park in Las Vegas

LAS VEGAS — A joint venture between the Brookhollow Group and PCCP has purchased Centra Point, a 383,000-square-foot office park in Las Vegas, for an undisclosed sum. The park is located at 8363 W. Sunset Road on the southern beltway curve. The asset will undergo renovations, which will include upgraded lobbies and restrooms, landscape renovation, exterior building painting, exterior common area upgrades, spec suites and a new on-site leasing and management office.

October 2, 2017

Planet Hollywood Resort & Casino to Open New Restaurant

LAS VEGAS — Planet Hollywood Resort & Casino will debut a new restaurant concept called Café Hollywood. The redesigned space, in the former Planet Dailies location, will open as the hotel marks its 10-year anniversary this fall Created by the same team that created Planet Dailies, the 5,500-square-foot restaurant will offer a multimedia celebration of iconic Planet Hollywood moments. Open 24 hours, the Café Hollywood wine bar and lounge will offer over 40 different wine..

September 25, 2017

Witkoff, New Valley Buy Former Fountainbleau Resort in Las Vegas for $600M

LAS VEGAS — A partnership between Witkoff and New Valley LLC has purchased the former Fountainbleau resort on the Las Vegas Strip for $600 million. The property is located at 2755 Las Vegas Blvd. S. The 63-story resort never fully saw the light of day after construction ceased on the $2.9 billion, 3,900-room property in 2009 in the midst of the Great Recession. It was purchased by Carl Icahn’s firm, Icahn NV Gaming Acquisition LLC, in 2010 for $150 million when the asset was in..

August 30, 2017

Tanglewood Village Apartments in Carson City Changes Hands

CARSON CITY, NEV. — A limited liability company has acquired the 130-unit Tanglewood Village Apartments in Carson City for an undisclosed sum. The community is located at 919 S. Roop St. It is situated near Interstate 580 and U.S. Route 50. Amenities include a swimming pool, sundeck, tennis courts and a fitness center. It was built in 1978 to condominium specifications. Kenneth Blomsterberg, Ryan Rife and Benjamin Nelson of Marcus & Millichap represented both the buyer and seller,..

August 29, 2017

GLVAR Sells Las Vegas Headquarters for $2.7M

LAS VEGAS — The Greater Las Vegas Association of Realtors (GLVAR) has sold its local headquarters for $2.7 million. The office is located at 1750 E. Sahara Ave. GLVAR has leased the space back from the new owner, Laborers’ International Union North America (LIUNA), until its new facility is built on Rainbow Boulevard, just north of Sunset Road. David R. Scherer of Newmark Grubb Knight Frank represented GLVAR, while Peter Guzman represented LIUNA.

August 28, 2017

SR Construction Completes Two Neighborhood Hospitals in Las Vegas for Dignity Health

LAS VEGAS — SR Construction has completed construction of two of the Las Vegas Valley’s first neighborhood hospitals, North Las Vegas Campus and Blue Diamond Campus. The projects are a joint venture between Dignity Health and Emerus. The North Las Vegas Campus Neighborhood Hospital is located at 1550 W. Craig Road in North Las Vegas and was the first to be built in the state. The three-story building houses a licensed hospital on the first floor with 16 patient rooms. The hospital also..

August 23, 2017

Panattoni Development Completes $24M Airport Industrial Center in Henderson

HENDERSON, NEV. — Panattoni Development has completed a 482,300-square-foot industrial building at South 15 Airport Center in the Las Vegas submarket of Henderson. The building is situated on a 28-acre parcel on Executive Airport Drive. The $24 million project has a clear height of 36 feet. The project is the only large industrial development located in the south end of the valley, according to Panattoni. PDC USIF South 15 LLC, a joint venture between Panattoni Development and Hillwood,..

August 17, 2017