NORTH LAS VEGAS, NEV. — Premier Logistics Properties, in partnership with PCCP, has acquired an infill, big box warehouse at 4550 Nexus Way in North Las Vegas. Terms of the off-market transaction were not disclosed. Developed in 2017 on 38.2 acres, the 813,120-square-foot building features a clear height of 36 feet, full concrete truck courts and ample employee parking and trailer storage. Amazon fully occupies the property.
LAS VEGAS — Lucescu Realty has arranged the sale of Peccole Plaza, a shopping center in Las Vegas. Peccole Enterprises sold the asset to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza features 161,978 square feet of gross leasable area that is fully leased to a variety of tenants. Current tenants include Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty were the sole brokers for the transaction. The Lucescu Realty team represented the seller and procured the buyer in the the deal.
LAS VEGAS — Kisco Senior Living has announced plans to develop a new seniors housing property in Summerlin, a master-planned community located in Las Vegas. Upon completion, the property will feature independent living, assisted living and memory care units. “Summerlin is one of the most compelling senior living markets in the country, and frankly, one of the most underserved when it comes to truly elevated options,” said Andy Kohlberg, president and CEO of Kisco Senior Living, in a statement. “We’re building something that reflects how today’s older adults want to live: beautifully designed spaces, exceptional food, genuine hospitality and the security of knowing care is available if and when they need it — all on a simple rental basis with no buy-in required.” Additional details will be disclosed as planning advances.
HENDERSON, NEV. — LaPour has broken ground on Black Mountain Commerce Center, a Class A industrial condominium project in Henderson. Located at 835 W. Warm Springs Road, the 146,000-square-foot facility will offer for-sale units ranging from 21,125 square feet to full-building opportunities. Black Mountain Commerce Center will features a clear height of 28 feet, dock-high and grade-level loading, ESFR fire sprinkler systems, R-38 insulation, HVAC-ready warehouse with LED lighting and 4,000 amp, 277/480-volt, 3-phase power. The development will include 166 parking spaces, 16 EV-capable stalls and outdoor tenant amenity areas with access to nearby hiking and biking trails. Sean Zaher and Tyce O’Neill of CBRE are handling leasing and marketing for the project.
LAS VEGAS — Irvine, Calif.-based investment and development firm The Bascom Group has acquired The Ellison, a 294-unit apartment complex located in the Summerlin/Spring Valley submarket of Las Vegas, for $103 million. The sales price translates to approximately $350,000 per door. The Ellison is situated along I-215 in southwest Las Vegas in an area known as “The Curve.” Several developments are underway in the surrounding area, including the Athletics’ new baseball stadium, Intermountain Healthcare’s Children’s Hospital and expansions of the Roseman Nursing School and UNLV Harry Reid Research & Technology Park. Completed in 2024, The Ellison offers studio, one- and two-bedroom units with an average size of 901 square feet. Amenities include a heated, resort-style pool and spa with a jumbotron screen, as well as a clubhouse lounge, fitness center with dedicated spin and Pilates studios. Jonathan Merhaut, Doug Schuster and Curt Allsop of Newmark represented the undisclosed seller in the transaction. Lee Redmond, Nicholas Schroeder, Vincent Punzi and Lowell Takahashi, also with Newmark, arranged an undisclosed amount of acquisition financing through AXA Investment Managers US Inc. on behalf of Bascom Group. “The Ellison is a notable example of why we keep coming back to Las Vegas,” says Tom Gilfillan, …
— By Jared Glover of Berkadia — While several Sun Belt and Rocky Mountain markets continue to work through challenging operations, elevated supply and weakening fundamentals, Reno has emerged as a bright spot in the West. The city posted 2.5 percent year-over-year employment growth, adding more jobs in 2025 than Las Vegas. This is a remarkable stat given that Reno’s population is roughly one-fifth the size of its Southern neighbor. At the same time, Reno’s population grew at roughly four times the national average as median household income climbed to just over $90,000 as the economy continued to diversify into technology, healthcare and manufacturing. In fact, Northern Nevada saw 14 site visits per month last year for potential corporate relocations, according to a recent report by the Economic Development Authority of Western Nevada (EDAWN). This places the region it in the top 1 percent of U.S. markets, reinforcing long-term growth expectations. Several major development projects look to keep this momentum going. The most significant is the $1 billion transformation of the Reno-Tahoe International Airport, which saw a record 4.9 million passengers in 2025. The University of Nevada, Reno, also continues to invest heavily in new buildings to attract and retain top …
LAS VEGAS — CBRE has directed the sale of South Rainbow Business Park, an office property located at 5920 and 5940 S. Rainbow Blvd., in Las Vegas. GPS LV Business Park acquired the asset from South Rainbow Park Property Co. LCC for $11.7 million. The 43,944-square-foot office park is fully leased to a mix of professional and medical tenants. Marc Magliarditi and Miranda Jennings of CBRE represented the seller in transaction.
— By Shawn Smith and Sean Retzloff of Colliers — Northern Nevada retail has entered 2026 with a sense of forward motion, shaped by population growth, changing consumer spending habits and renewed interest from national retailers. Grocery-anchored centers continue to serve as reliable engines of demand, particularly in Sparks, where national chains and quick-service restaurants (QSR) are actively pursuing space. These QSR brands continue to be fueled by the post-pandemic preference for convenience and speed — and they find Northern Nevada’s demographic expansion particularly attractive. The lifestyle shift toward wellness is also redefining the tenant mix, with concepts like Planet Fitness building on momentum and gravitating toward suburban neighborhoods where resident demand for amenity-rich environments close to home is rising. This suburban pull is especially evident in Spanish Springs, South Reno and the North Valleys. Growth is moderate in these areas, which justifies new retail infrastructure with flexibility to accommodate retailers eager to enter maturing communities. Once considered fringe, these outer markets are now central to the region’s retail growth story. Shifting Economics of Retail Space The economics of securing space are evolving as demand grows outward. Lease rates are expected to rise modestly to the $2.25 to $2.50 per square foot …
— By Joel Fountain of Dickson Commercial Group — After several years defined by rapid expansion and record development, Northern Nevada’s industrial market closed 2025 showing clear signs of stabilization. Vacancy leveled off, leasing momentum returned and capital markets activity began to pick back up. All told, these indicators point to a market that’s entering a more balanced phase. One of the most notable shifts has been the normalization of vacancy after an unprecedented wave of new supply. Direct vacancy hovered around 11 percent throughout 2025, suggesting the market has reached a temporary equilibrium between supply and demand. While elevated compared to the sub-3 percent vacancy levels seen during the pandemic-driven surge, continued positive absorption helped keep the market stable as it digested several million square feet of recently delivered product. In terms of region, submarket performance varied considerably. Central-West, Airport and South Reno tightened meaningfully during the year, with combined vacancy falling from 10.4 percent in late 2024 to 6.1 percent by the end of 2025. These areas benefited from limited new construction and steady demand from regional service users and smaller distribution tenants. Conversely, the North Valleys and the I-80 East corridor, which accounted for roughly 83 percent …
LAS VEGAS — CenterSquare Investment Management and funds managed by Hamilton Lane have announced a partnership to recapitalize Tenaya Village, a 49,554-square-foot retail strip center located in Las Vegas. Hamilton Lane is now the property’s majority investor, with CenterSquare retaining a minority stake. Spanning five buildings, Tenaya Village features a mix of tenants including Capriotti’s Sandwich Shop, Starbucks Coffee, Timbers Bar & Grill, Frijoles & Frescas and Wingstop. CenterSquare has owned the center since 2022.
