Nevada

TCC Starts Construction of 600,000 SF Phase III at Golden Triangle Logistics Center in North Las Vegas

by Amy Works October 17, 2022

NORTH LAS VEGAS, NEV. — The Newport Beach, Calif., office of Trammell Crow Co. and Washington Capital Management, on behalf of its client, have commenced construction of Phase III at the 134.7-acre Golden Triangle Logistics Center in North Las Vegas. The new phase will include 600,000 square feet of industrial space spread across two Class A buildings and bring the development’s footprint to nearly 2.3 million square feet across five buildings. Located at the southwest corner of East Washburn Road and Statz Avenue, Building 4 will feature 400,371 square feet. Slated for a mid-year 2023 completion, the rear-load facility will offer 36-foot clear heights, 63 dock-high truck doors, two drive-in doors and parking for 338 cars and 74 trailers. Located at 2815 E. Washburn Road, the 202,705-square-foot Building 5 is preleased to Fasteners Inc. Southwestern Supply. Scheduled for a spring 2023 occupancy, the rear-load facility will feature 36-foot clear heights, 29 dock-high truck doors, one drive-in door and parking for 127 cars and 35 trailers. The tenant, a wholesaler of construction equipment and supplies, will use the building as its West Coast distribution hub. Rob Lujan of JLL represented Fasteners Inc. Southwestern Supply in the lease. Donna Alderson of Cushman …

October 17, 2022

Acquisitions Multifamily Nevada Western

Newmark Brokers Sale of 237-Unit Quinn Apartment Homes in Las Vegas

by Amy Works October 17, 2022

LAS VEGAS — Newmark has negotiated the sale of The Quinn Apartment Homes, a garden-style multifamily property located at 5500 S. Mountain Vista St. in Las Vegas. Haven Realty Capital sold the asset to a Los Angeles-based real estate firm for an undisclosed price. Angela Bates, Curt Allsop, Doug Schuster and Vittal Ram of Newmark represented the seller in the transaction. Built in 1991 on 10.3 acres, the two-story property features 237 units in a mix of four floor plans ranging from 740-square-foot one-bedroom/one-bath layouts to 1,056-square-foot two-bedroom/two-bath units.

October 17, 2022

Acquisitions Multifamily Nevada Western

Haven Realty Capital Sells 237-Unit Quinn Apartment Homes in Las Vegas

by Amy Works October 14, 2022

LAS VEGAS — Haven Realty Capital has completed the disposition of Quinn Apartment Homes, a garden-style multifamily community located at 5500 S. Mountain Vista St. in Las Vegas. A Los Angeles-based real estate firm acquired the asset for an undisclosed price. Built in 1991 on 10.2 acres, Quinn Apartment Homes features 237 residences in a mix of four floor plans ranging from a 740-square-foot one-bedroom/one-bath unit to a 1,056-square-foot two-bedroom/two-bath unit. Angela Bates, Curt Allsop, Doug Schuster and Vittal Ram of Newmark represented the seller in the deal.

October 14, 2022

Acquisitions Multifamily Nevada Western

Bridge Investment Acquires 344-Unit Monterra Multifamily Property in Las Vegas for $73.2M

by Amy Works October 10, 2022

LAS VEGAS — Bridge Investment Group has purchased Monterra, an apartment community situated on 18 acres in Las Vegas, from an undisclosed seller for $73.2 million, or $212,936 per unit. Constructed in 1999, Monterra features 344 apartments in a mix of one-, two- and three-bedroom residences with air conditioning, hardwood-style floors, vaulted ceilings and walk-closets. The units range in size from 700 square feet to 1,156 square feet. Community amenities include two swimming pools, a clubhouse, fitness center and gated, electronic entrance. Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, represented the buyer in the deal. Justin Forman of Marcus & Millichap served as broker of record in Nevada.

October 10, 2022

Palisade-Wild-Horse-Commerce-Center-McCarran-NV

Development Industrial Nevada Western

North Palisade Partners to Develop 141,882 SF Palisade Wild Horse Commerce Center Near Reno

by Amy Works October 6, 2022

MCCARRAN, NEV. — Los Angeles-based North Palisade Partners has purchased a 6.4-acre site in McCarran for the development of Palisade Wild Horse Commerce Center, a Class A industrial property. Located at 99 Wild Horse Canyon Drive within Tahoe Reno Industrial Center in McCarran, the 141,882-square-foot facility will feature 36-foot clear heights, more than 80 parking spaces, ESFR sprinklers, 18 dock-high loading positions, two grade-level doors, LED lighting and 2,000 amps of power with the ability to quickly expand power capabilities. The building will also be divisible to spaces of 90,000 square feet and 50,000 square feet. Completion is slated for mid-2024. Chris Fairchild of Colliers brokered the acquisition transaction.

October 6, 2022

Development Healthcare Hospitality Mixed-Use Nevada Office Retail Top Stories Western

Pacific Group Breaks Ground on 135-Acre Helios Medical Campus in North Las Vegas

by Katie Sloan October 6, 2022

NORTH LAS VEGAS, NEV. — Pacific Group has broken ground on Helios, a 135-acre medical campus located in North Las Vegas. Construction costs for the project are set to total between $4.5 billion and $5 billion. At full buildout, the project is set to include a 1.1 million-square-foot inpatient hospital offering 600 beds, which will be built in three phases costing $1.2 billion; 1.3 million square feet of medical office and medical technology space; 250,000 square feet of retail with an emphasis on health and wellness; 900,000 square feet of research-and-development space with incubator spaces; 290 hotel rooms across two buildings; and seven restaurants, four of which will be full-service. The hospital portion of the development will offer an emergency department, surgical services and critical care. Additional outpatient offerings will include occupational therapy; behavioral and mental health therapy; educational facilities; testing labs; a sports rehabilitation center; skin care treatment; speech therapy; trauma therapy; radiology; imaging; urology; gastrointestinal care; pre- and post-natal care; and dental services. The research and development portion of Helios will focus on healthcare, aerospace technologies and sustainability. Local food and beverage offerings, athletic facilities, a grocery store, financial institutions, daycare centers and shops will occupy the retail segment …

October 6, 2022

Development Multifamily Nevada Seniors Housing Western

MorningStar, Confluent Break Ground on 168-Unit Seniors Housing Development in Las Vegas

by Amy Works September 30, 2022

LAS VEGAS — MorningStar Senior Living and Confluent Senior Living have broken ground on MorningStar Senior Living at The Canyons, the joint venture’s first development in Nevada. Located in Las Vegas, the four-story, 196,000-square-foot community will feature 95 independent living, 49 assisted living and 24 memory care units. Common areas will include indoor and outdoor dining venues, a pool and spa, fitness center and clubroom terrace with views of the Vegas Strip and mountains to the west. Additionally, the community will feature wellness programs that will meet residents’ social, intellectual, physical and spiritual needs. Completion is slated for summer 2024. Confluent Senior Living, a subsidiary of Denver-based Confluent Development, serves as project owner, and MorningStar Senior Living as operator. MorningStar at The Canyons is the 14th development for the co-developers and project partners.

September 30, 2022

Acquisitions Multifamily Nevada Western

Northcap Commercial Brokers $8.6M Sale of Stax Studios Apartment Complex in Downtown Las Vegas

by Amy Works September 26, 2022

LAS VEGAS — Northcap Commercial has arranged the sale of Stax Studios, a studio apartment community in downtown Las Vegas. Clark Studio Investar LLLP sold the asset to an undisclosed buyer for $8.6 million, or $196,591 per unit. Built in 1963 and fully renovated in 2019, the property offers 44 studio units. Stax Studios is located at 501 S. 10th St. Devin Lee, Robin Willett and Jerad Roberts of Northcap Commercial represented the seller in the deal.

September 26, 2022

Acquisitions Nevada Office Western

Kingsbarn Realty Capital Buys Six-Building Green Valley Corporate Center in Henderson, Nevada for $114.5M

by Amy Works September 22, 2022

HENDERSON, NEV. — Kingsbarn Realty Capital has acquired Green Valley Corporate Center, a six-building office portfolio totaling 347,015 square feet in Henderson. JMA Ventures and Blue Vista Capital Management sold the portfolio for $114.5 million. Tyler Ecklund, James Griffis, Brad Peterson, Darren Lemmon and Justin Witt of CBRE represented the seller in the deal. Green Valley Corporate Center North consists of three Class A office properties: 2275 Corporate Circle, a three-story, 68,444-square-foot building 2285 Corporate Circle, a two-story, 45,337-square-foot building 2370 Corporate Circle, a three-story, 69,208-square-foot building Green Valley Corporate Center South consists of three Class A office properties: 2475 Village View Drive, a two-story, 44,526-square-foot building 2485 Village View Drive, a three-story, 69,222-square-foot building 2495 Village View Drive, a two-story, 50,278-square-foot building

September 22, 2022

Acquisitions Development Loans Multifamily Nevada Western

LDK Ventures Receives $59.3M Acquisition Loan for Integra Peaks at Damonte Ranch Multifamily Development in Reno

by Amy Works September 22, 2022

RENO, NEV. — LDK Ventures has received a $59.3 million senior loan for the purchase of Integra Peaks at Damonte Ranch, a partially complete apartment property in Reno. PCCP provided the loan. Located at 875 Damonte Ranch Parkway, the community is approximately 75 percent complete, with final delivery slated for late March 2023. Totaling 300 units, Integra Peaks consists of five four-story, elevator-served residential buildings and 10 two-story, carriage-style buildings. The unit interiors feature vinyl plank flooring, vaulted ceilings on fourth-floor units, island kitchens, high-end energy efficient appliances, tiled showers and baths, LED lighting and private balconies with mountain views. Community amenities include a standalone clubhouse offering a fitness facility with separate yoga and spin rooms, a cybercafé, resort-style pool, cabanas, outdoor firepits and a dog park.

September 22, 2022

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