Tuesday, July 8, 2025
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Nevada

3495-Volunteer-Blvd-Henderson-NV
AcquisitionsNevadaRetailUtahWestern

Colliers Las Vegas Arranges Land Sales in Nevada, Utah for $6.6M

by Amy Works

HENDERSON, NEV. AND SALT LAKE CITY — Colliers International Las Vegas has arranged two separate land parcel sales totaling $6.6 million in Henderson and Salt Lake City. In the first deal, EOE Volunteer LLC sold an 0.84-acre land parcel at 3495 Volunteer Blvd. in Henderson. AutoZone Development LLC acquired the asset for $1.2 million. Steven Haynes of Colliers represented the seller in the transaction. In the second deal, an undisclosed buyer acquired a 0.48-acre land parcel at 3215 E. 3300 South in Salt Lake City for $5.4 million. The name of the seller was not released. Chris Clifford, Steve Neiger and Brett Rather of Colliers represented the buyer in the transaction.

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AcquisitionsNevadaRetailWestern

IYK Realty Buys 158,394 SF Retail Asset in Las Vegas for $26.2M

by Amy Works

LAS VEGAS — IYK Realty has purchased a retail property in Las Vegas for $26.2 million. Situated within Sahara Pavilion South at 2520-2650 S. Decatur Blvd., the asset features 158,394 square feet of retail space. Current tenants include Chase, Chipotle, Einstein Bros. Bagels and Starbucks Coffee. Additionally, the new, 48,000-square-foot anchor tenant will be a supermarket. Al Twainy and Jennifer Lehr of Colliers represented the buyer in the deal. The name of the seller was not released.

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AcquisitionsIndustrialNevadaWestern

RealComm Advisors Negotiates Purchase of 73,468 SF Industrial Property in Las Vegas

by Amy Works

LAS VEGAS — RealComm Advisors has arranged the acquisition of an industrial property located at 7175 Belcastro St. and 7255 W. Arby Ave. in Las Vegas. Credi Gramercy LLC, Reinhardt LLC, Roman Crescentini Family Trust and Chiara Crescentini Family Trust purchased the asset for $13.9 million. The facility offers 73,468 square feet of industrial space. Greg Pancirov, Mike De Lew and Paul Hoyt of RealComm Advisors represented the buyer in the deal.

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3955-N-Pecos-Rd-North-Las-Vegas-NV
AcquisitionsIndustrialNevadaWestern

Applied Medical Resources Acquires 33,787 SF Industrial Warehouse in North Las Vegas

by Amy Works

NORTH LAS VEGAS, NEV. — Applied Medical Resources Corp. has purchased an industrial facility located at 3955 N. Pecos Road in North Las Vegas. Aria Investments sold the asset for $5.3 million. Dean Willmore, Alex Stanisic, Mike Willmore and Lauren Willmore of CBRE represented the seller in the deal. Built in 2006, the 33,787-square-foot warehouse features 24-foot clear heights, seven private offices, two dock-high loading doors, three grade-level loading doors, a paved, fenced yard and a 50-stall parking lot.

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ReNew-Decatur-Las-Vegas-NV
AcquisitionsMultifamilyNevadaWestern

Bascom Group Adds to Las Vegas Portfolio with $49.6M Apartment Building Acquisition

by Amy Works

LAS VEGAS — The Bascom Group has purchased ReNew at Decatur, a multifamily community in Las Vegas, for $49.6 million, or $229,630 per unit in an off-market transaction. Built in 1988, ReNew at Decatur features 216 apartments with private patios or balconies, with 78 percent of the floorplans two- or three-bedroom layouts. The community features a fitness center, resident clubhouse, business center, pool and barbecue area. Bascom plans to upgrade the property’s unrenovated units and enhance its exteriors and community amenities. Jamie Kline and Annie Rice of JLL Capital Markets sourced the acquisition loan from Bridge Investment Group for Bascom Group. Apartment Management Consultants will provide property management services for the asset and SD CAP will provide construction management.

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DevelopmentHospitalityNevadaRetailWestern

Shopoff Realty, Contour Secure Entitlement Approvals for 19-Story Dream Las Vegas Resort

by Amy Works

LAS VEGAS — A joint venture between Shopoff Realty Investments and Contour has secured entitlements for the full development of Dream Las Vegas, a previously announced resort and casino on the Las Vegas Strip. Situated on 5.2 acres at 5051 S. Las Vegas Blvd., the 19-story development will feature 526 guest rooms and suites, gaming, dining and nightlife venues, a pool deck, retail experiences, meeting rooms, and a fitness center. Completion is slated for third-quarter 2024. The property will be branded and managed by Dream Hotel Group. McCarthy Construction will manage the design and construction of the resort and casino, with excavation for the project set to start in the second quarter of 2022.

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Silver-Creek-Apts-Las-Vegas-NV
AcquisitionsMultifamilyNevadaWestern

Coldwell Banker Brokers $35M Acquisition of Silver Creek Apartments in Las Vegas

by Amy Works

LAS VEGAS — Coldwell Banker Commercial has arranged the purchase of Silver Creek Apartments, a multifamily property located at 6170 Boulder Highway in Las Vegas. A Southern California-based investment firm acquired the asset from an undisclosed seller in an off-market transaction for $35 million. Built in 2002, Silver Creek Apartments features 224 units in a mix of one-, two- and three-bedroom layouts. Garry Cuff and Tom Naseef of Coldwell Banker Commercial Premier represented the buyer in the deal.

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7175-Belcastro-St-Las-Vegas-NV
AcquisitionsIndustrialNevadaWestern

CBRE Negotiates $13.9M Sale of Phase I of PSi Commerce Center in Las Vegas

by Amy Works

LAS VEGAS — CBRE has arranged the sale of Phase I of PSi Commerce Center, a two-building flex industrial property in Las Vegas. Credi Gramercy acquired the asset from Parting Seas Investments for $13.9 million. Tyler Eckland of CBRE represented the seller in the transaction. The buyer plans to use the 73,247-square-foot property as a bakery and food preparation facility. The first phase of PSi Commerce Center comprises a 48,568-square-foot warehouse at 7175 Belcastro St. and a 24,679-square-foot industrial/flex warehouse at 7255 W. Arby Ave.

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1610-1630-Kleppe-Lane-Sparks-NV
AcquisitionsIndustrialNevadaWestern

DCG Arranges $5.4M Sale of Industrial Portfolio in Sparks, Nevada

by Amy Works

SPARKS, NEV. — DCG has arranged the sale of an industrial portfolio located at 1610 and 1630 Kleppe Lane in Sparks. An undisclosed buyer acquired the portfolio for $5.4 million. Situated in the Sparks industrial submarket, the two-building asset also included an adjacent three-acre yard for a total of six acres of occupied space. At the time of sale, the property was fully occupied by Herc Rentals, Vertical Iron Works and Drake Anthony Co. Joel Fountain, Baker Krukow, Nick Knecht and Tom Fennell of DCG represented the seller, Community Foundation, in the deal.

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ArizonaCaliforniaFeaturesIndustrialNevadaWesternWestern Feature Archive

CapRock Partners Seizes Industrial Opportunities in Western Region

by Kristin Harlow

Newport Beach, Calif.-based CapRock Partners was busy before the pandemic, but shows no signs of slowing down even as brick-and-mortar retail reopens. The industrial investor, developer and asset manager’s newest venture is also its biggest: a 183-acre infill project in Phoenix where it plans to build an eight-building industrial complex that totals more than 3.4 million square feet. “Several years prior to the pandemic, we recognized the ecommerce trends along with the demand for larger logistics facilities and subsequently made investments in buildings and land positions in order to capture a segment of that demand,” says Bob O’Neill, CapRock’s senior vice president of acquisitions. “In the 16 months since the onset of the pandemic, our growth has accelerated.” Phoenix’s Industrial Market Rises CapRock has added about 4.8 million square feet of Phoenix-area industrial product to its portfolio since the pandemic’s onset. Its total pipeline in the Valley is now close to 6 million square feet, with its Phoenix-area acquisition closing in 2017. Aside from CapRock, Cushman & Wakefield also appears to be bullish on Phoenix’s industrial market. The firm projects Phoenix’s preliminary industrial absorption to be about 12 million square feet for the first half of 2021. This compares to …

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