REBusinessOnline

Barker Pacific Acquires 274,565 SF Bank of America Office Tower in Downtown Las Vegas

LAS VEGAS — Barker Pacific Group, in a joint venture with Positive investment Group, has purchased Bank of America Tower, an office complex located at 300 S. 4th St. in Las Vegas. The acquisition marks Barker Pacific’s entry into the Las Vegas market.The joint venture will rebrand the 274,565-square-foot building as Tower 300 and implement an upgrade program to the common areas.Terms of the acquisition were not released. Mike Tabeek, Larry Singer and Christopher Crooks of Newmark …

Hamilton Zanze Sells 426-Unit Norterra Canyon Apartments in North Las Vegas

NORTH LAS VEGAS, NEV. — San Francisco-based Hamilton Zanze, in partnership with Cantor Fitzgerald Investors, has completed the disposition of Norterra Canyon, an apartment community located at 5005 Losee Road in North Las Vegas. Terms of the transaction were not released.Built in 2007, Norterra Canyon features 426 one-, two- and three-bedroom units averaging 1,076 square feet. Apartments feature granite countertops, Energy Star appliances, walk-in closets, patios or balconies, and washers …

Mark IV Capital Breaks Ground on 815,000 SF Building at Victory Logistics District in Northern Nevada

FERNLEY, NEV. — Newport Beach, Calif.-based Mark IV Capital has broken ground on Victory Logistics District, a 4,300-acre, master-planned industrial district in Fernley. Mark IV Capital acquired the land in July 2019 and has since designed the multi-phased development, including infrastructure, rail facilities and industrial buildings ranging in size from 170,000 square feet to 1.5 million square feet.Slated for completion in the first quarter of 2022, Building A will offer 815,000 square …

Tower 16 Capital Sells Three-Asset Apartment Portfolio in Las Vegas for $182M

LAS VEGAS — San Diego-based Tower 16 Capital has completed the sale of a three-asset multifamily portfolio in Las Vegas. An undisclosed buyer acquired the portfolio for $182 million. Tower 16 assembled the portfolio over the last 2.5 years and repositioned all the assets.Totaling 1,165 units, the portfolio includes Accent on Rainbow, Accent on Decatur and Accent on Sahara. All three received recent improvements including upgraded leasing offices, outdoor amenity areas and interior unit …

Black Lion Investment Divests of Cheyenne Plaza in Las Vegas for $6.5M

LAS VEGAS — An affiliate of Black Lion Investment Group has completed the disposition of Cheyenne Plaza, located at the intersection of Cheyenne Avenue and Jones Boulevard in Las Vegas.The $6.5 million sale of the remaining 18,615 square feet of retail space was the culmination of Black Lion’s renovation and full lease-up of the property. The name of the buyer was not released.Current tenants include Cricket Wireless, Dotty’s sports bar, Aria Nails, La Michoacana Plus ice cream, 7 …

PGIM Real Estate Provides $41M Acquisition Loan for Three Industrial Buildings Near Las Vegas, Chicago

HENDERSON, NEV., AND AURORA, ILL. — PGIM Real Estate, on behalf of its U.S. core-plus debt fund, has provided a $41 million loan facility to Dalfen Industrial for the acquisition of a Class A industrial portfolio in the Las Vegas and Chicago metro areas.Totaling 438,000 square feet, the portfolio includes AirParc South and Suncrest Commerce Center in Henderson, plus Butterfield Logistics Center in Aurora. The loan features a three-year term with two one-year extension options.Trevor …

VanTrust Acquires 350 Acres in North Las Vegas for 4.5 MSF Industrial Development

NORTH LAS VEGAS, NEV. — VanTrust Real Estate has purchased a 350-acre land site north of the Interstate 15 and Speedway Boulevard interchange in North Las Vegas. VanTrust plans to develop 4.5 million square feet of distribution facilities on the site, which is between the new City of North Las Vegas water line and the Union Pacific Rail line.Construction of utility and roadway improvements is slated to begin in the third quarter of 2021, with building construction following shortly …

Colliers Negotiates $4.7M Sale of Industrial Building in Las Vegas

LAS VEGAS — Colliers International has arranged the sale of an industrial property located at 6280 Annie Oakley Drive in Las Vegas. 1201 American Pacific LLC acquired the asset from JPFH II LLC for $4.7 million.The property features 23,604 square feet of industrial space.Suzette LaGrange and Kara Walker of Colliers represented the seller, while Dan Doherty, Paul Sweetland, Chris Lane and Jerry Doty of Colliers represented the buyer in the

Dapper Cos. Acquires Historic Huntridge Theater in Downtown Las Vegas, Begins Renovation

LAS VEGAS — Dapper Cos. has purchased the historic Huntridge Theater in Las Vegas for $4 million. The company plans to renovate the theater, which is on the National Register of Historic Places. The theater originally opened in 1944 and shuttered after nearly 60 years of operation on July 31, 2004.The theater was originally operated by the Commonwealth Theater Company of Las Vegas and in 1951, was taken over by the Huntridge Theater Company of Las Vegas, partially owned by actresses …

Colliers Arranges $14.5M Sale of Industrial Property in North Las Vegas

NORTH LAS VEGAS, NEV. — Colliers International has brokered the sale of an industrial building located within Civic Center Freeway Industrial Park at 3679 N. Civic Center Drive in North Las Vegas. Civic Center Industrial Owner LLC sold the asset to Sage Harbor Exchange Inc. for $14.5 million.The property features 118,021 square feet of industrial space. Dan Doherty, Paul Sweetland, Chris Lane and Jerry Doty of Colliers International represented the seller in the

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