Nevada

Ready Capital Closes Three Loans Totaling $15.9M in California, Nevada

by Nellie Day February 19, 2016

LOS ANGELES AND LAS VEGAS — Ready Capital Structured Finance has closed three loans throughout California and Nevada for a total of $15.9 million. Properties that received financing include a 24-unit multifamily community in Beverly Hills that will use the funds for renovation and stabilization; a 499-unit self-storage facility in Corona that will use the funds for refinancing and stabilization; and a 32,800-square-foot retail center in Las Vegas that will use the funds for the development and stabilization of the property.

February 19, 2016

Loans Nevada Retail Western

Meridian Arranges $20 Million in Acquisition Financing for Walgreens on Las Vegas Strip

by Nellie Day February 18, 2016

LAS VEGAS — Meridian Capital Group has arranged $20 million in financing for the acquisition of a single-tenant, 16,000-square-foot Walgreens located on the Las Vegas Strip. Steven Tessler of Meridian secured the 10-year, interest-only loan through a balance sheet lender. The property is located at 3025 S. Las Vegas Blvd. near the Wynn and Encore hotels. The buyer and seller were not disclosed.

February 18, 2016

Multifamily Nevada Seniors Housing Western

Chicago Pacific Founders Acquires 78-Unit Seniors Housing Community in Nevada

by Nellie Day February 18, 2016

PAHRUMP, NEV. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired Inspirations Senior Living, a 78-unit seniors housing community in Pahrump, approximately 60 miles west of Las Vegas. The seller and purchase price were not disclosed. Inspirations provides independent living, assisted living and memory care services in a two-story building. The community will retain its name as part of the deal. This is CPF’s second acquisition in Nevada, and seventh total community. Grace Management will take over operations. CPF is a Chicago- and San Francisco-based healthcare private equity investment firm.

February 18, 2016

Nevada Retail Western

Lee & Associates Arranges $25.5M Sale of Shopping Center in Reno

by Nellie Day February 17, 2016

RENO, NEV. — Lee & Associates has arranged the $25.5 million sale of South Creek, a 66,834-square-foot, 29-unit shopping center located in Reno. Lyle Chamberlain of Lee & Associates represented the seller, Horseshoe Bend LLC, and Chad Coons of Gilmore Coons Commercial Real Estate represented the buyer, Alves South Creek, in the transaction.

February 17, 2016

Nevada Retail Western

AW Family Trust Acquires Durango Springs Plaza in Las Vegas for $8.3M

by Nellie Day February 16, 2016

LAS VEGAS — AW Family Trust has acquired Durango Springs Plaza, a 15,800-square-foot retail center in Las Vegas, for $8.3 million. The center is located at 8520, 8530, 8550 W. Warm Springs Road. Chris Emanuel and John Blommer of Virtus Commercial represented the seller, DSP 1 LLC, in this transaction.

February 16, 2016

Nevada Retail Western

AW Family Trust Buys Silverado Auto Plaza in Las Vegas for $8.9M

by Nellie Day February 11, 2016

LAS VEGAS — AW Family Trust has purchased the 21,639-square-foot Silverado Auto Plaza building in Las Vegas for $8.9 million. The plaza is located at 1280, 1310 and 1340 E. Silverado Ranch Blvd. Virtus Commercial’s Chris Emanuel and John Blommer represented the seller.

February 11, 2016

Industrial Nevada Western

LogistiCenter at Cheyenne in Las Vegas Achieves Full Capacity

by Nellie Day February 10, 2016

LAS VEGAS — LogistiCenter at Cheyenne, a 381,804-square-foot distribution facility in North Las Vegas, has achieved full occupancy. The facility is located at 4025 E. Cheyenne Ave. Priority Wire & Cable leased the remaining 223,000 square feet. The supplier of wire and cable for wholesale distributors will use the space for distribution. Priority will relocate from a 180,000-square-foot distribution center in Las Vegas to the new facility this May. A joint venture between Dermody Properties and Hillwood Investment Properties developed LogistiCenter at Cheyenne. Susan Borst and Dan Doherty of Colliers International represented the JV in the lease transaction.

February 10, 2016

Industrial Nevada Western

Frito Lay Expands Distribution Center in Las Vegas

by Nellie Day February 9, 2016

LAS VEGAS — Frito Lay is expanding its distribution center in Las Vegas. The center is located at 1209 Trade Drive in North Las Vegas. The company will expand the facility by about 30,000 square feet. The project will take place directly adjacent to an active warehouse. Construction is scheduled for completion this May. William E Franz designed the project. Burke Construction Group will manage the construction, which Burke Construction Group will perform. Con-Real owns the facility.

February 9, 2016

Hospitality Nevada Western

Best Western Plus Hotel in North Las Vegas Sells for $6.2M

by Nellie Day February 5, 2016

NORTH LAS VEGAS — An unnamed buyer has purchased a 74-room Best Western Plus in North Las Vegas for $6.2 million. The hotel is located at 4540 Donavan Way. It was built in 2000. Aseem Tandon of Marcus & Millichap’s Ontario office represented the seller, a limited liability company, in this transaction.

February 5, 2016

Hospitality Nevada Western

The Siegel Group Nevada Buys Former Rodeway Inn Convention Center Hotel in Las Vegas for $6.1M

by Nellie Day January 27, 2016

LAS VEGAS — The Siegel Group Nevada has purchased the former 102-room Rodeway Inn Convention Center hotel in Las Vegas for $6.1 million. The hotel is situated on Convention Center Drive, half a block from Las Vegas Boulevard and the Las Vegas Convention Center. The property will be converted into a Siegel Suites Select extended-stay brand.

January 27, 2016

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