1. October 2009
MINING YOUR BUSINESS
NEVADA’S REAL ESTATE GOLD MINE
NAIOP B US TO UR 2009
This year NAIOP presented its annual bus tour in a new
“Off the Bus” format by creating a large street map of
Las Vegas in a shell industrial building at the Arroyo
South Business Center. Rather than being driven past
the spotlighted commercial projects, participants toured
I N T H IS ISSUE
the properties on foot with property and submarket
information provided by the tour guides, brokers, and ART ICLE:
developers of the projects. To supplement this year’s Southe rn Nevad a A re a Muli- Family Gro up
Garr y Cuff, CCIM and Gar y Banner, C C IM, C RE
innovative format, the Education Committee hosted C lic k h ere t o v iew a r t ic le
three 30-minute seminars facilitated by Commerce
CRG’s Jennifer Levine: John Restrepo provided an MON T H LY T RANSACT IONS:
A ugus t 2009 & Se pte mbe r 2009
economic outlook for 2010, Rick Myers discussed note & TRANSACTIONS
REO sale opportunities in a down market, and Kyle Nagy
and David Jones jointly presented the current state of AS GOLD AS I T GE TS:
TO UR NEAVA DA ’S LIST ING MINE IN S EARC H
financing. Between the property tours, exhibitor booths, O F P R IME R EA L ESTAT E
networking opportunities, and educational seminars, this
year’s Off the Bus Tour offered a valuable experience for
each attending NAIOP member.
3800 Howard Hughes Parkway, Suite 1200 • Las Vegas, NV 89169 • Tel 702.796.7900 | Fax 702.796.7920 • www.commercecrg.com
2. AS GOLD AS IT GETS - INDUSTRIAL LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
1
MININ G YO U R
BUSINESS
NO PHOTO
AVAILABLE
1721-1725 Stocker St, 2325 Western Avenue 2770 S Highland Dr 3380 ST Rose Parkway - Sublease
North Las Vegas, NV 89030 Las Vegas, NV 89102 Las Vegas, NV 89109 Henderson, NV 89052
Bldg SF: 16,621 Bldg SF: 12,775 Bldg SF: 21,625 Bldg SF: 14,400
Available SF: 3,100 Available SF: 3,000 Available SF: 21,625 Available SF: 14,400
Listor: David Afromsky Listor: Bill Walsh Listor: Gina Moore/Susan Borst, CCIM Listor: Gina Moore
Parkview Center 4020 E Lone Mountain Rd - Sublease 500 E Cheyenne Avenue Highland Industrial
6721 South Eastern Avenue North Las Vegas, NV 89081 North Las Vegas, NV 89030 2910-3000 Highland Park Dr.
Bldg SF: 22,840 Bldg SF: 44,457 Bldg SF: 15,650 Las Vegas, NV 89109
Available SF: 22,840 Available SF: 12,390 Available SF: 15,650 Bldg SF: 157,920
Listor: Susan Borst, CCIM Listor: Selena A Perez Listor: Bill Walsh Available SF: 44,497
Listor: Gina Moore, Jennifer Levine
5325 S Valley View Blvd Blue Diamond Business Park Cheyenne Commerce Center Craig Commerce Center
Las Vegas, NV 89118 4120 W Windmill Ln 570-740 Cheyenne Ave 2625 E Craig Rd
Bldg SF: 44,669 North Las Vegas, NV 89139 North Las Vegas, 89115 North Las Vegas, NV 89030
Available SF: 1,360 Bldg SF: 287,500 Bldg SF: 203,424 Bldg SF: 128,845
Listor: Selena A Perez Available SF: 37,500 Available SF: 48,271 Available SF: 70,612
Listor: Selena A Perez Listor: Ed Aragon/Tom Elkington Listor: Ed Aragon/Tom Elkington
NO PHOTO
AVAILABLE
Desert Inn Commerce Center Encore Productions Bldg Gomes Industrial Park 1727-1733 Stocker St,
3202-3228 W Desert Inn Rd 5150 S Decatur Blvd 5360 S Cameron Street North Las Vegas, NV 89030
Las Vegas, NV 89102 Las Vegas, NV 89030 Las Vegas, NV 89118 Bldg SF: 11,541
Bldg SF: 84,000 Bldg SF: 62,814 Bldg SF: 11,000 Available SF: 6,200
Available SF: 15,189 Available SF: 9,600 Available SF: 1,050 Listor: David Afromsky
Listor: Leo Biedermann Listor: Gina Moore/Michael Dunn Listor: Bill Walsh
3. AS GOLD AS IT GETS - INDUSTRIAL LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
2
MININ G YO U R
BUSINESS
Losee Industrial Park Brookhollow Business Park Meadeworks Palms Business Center North
2710 Losse Rd 7310 - 7340 Smoke Ranch Rd 2900 Meade Avenue 2901-2919 Meade Ave
North Las Vegas, NV 89030 Las Vegas, 89128 Las Vegas, NV 89102 Las Vegas, NV 89102
Bldg SF: 68,829 Bldg SF: 89,583 Bldg SF: 9,055 Bldg SF: 92,087
Available SF: 21,692 Available SF: 21,098 Available SF: 2,058 Available SF: 38,718
Listor: Edward Aragon/Tom Elkington Listor: Ed Aragon / Tom Elkington Listor: Leo Biedermann Listor: Leo Biedermann
East Sahara Commerce Center Patrick Commerce Center Draeger industrial Creekside Business Center
4405 E Sahara Ave 2875 E Patrick 2139 Industrial Rd. 2543 E Washburn Dr
Las Vegas, 89121 Las Vegas, NV 89120 Las Vegas, NV 89102 Las Vegas, NV 89031
Bldg SF: 72,548 Bldg SF: 153,521 Bldg SF: 6,500 Bldg SF: 5,000
Available SF: 29,132 Available SF: 25,431 Available SF: 6,500 Available SF: 5,000
Listor: Ed Aragon / Tom Elkington Listor: Gina Moore/Jennifer Levine Listor: Bill Walsh Listor: Susan Borst, CCIM & Bill Walsh
Speedway Commerce Center The Spectrum of Las Vegas 3019 Meade Ave Trident Industrial Park
Las Vegas, NV 89115 Las Vegas, NV 89101 Las Vegas, NV 89102 North Las Vegas, NV 89030
Bldg SF: 1,374,093 Bldg SF: 193,312 Bldg SF: 3,990 Bldg SF: 130,100
Available SF: 572,811 Available SF: 115,788 Available SF: 3,990 Available SF: 22,970
Listor: Edward Aragon/Tom Elkington Listor: Edward Aragon/Tom Elkington Listor: Leo Biedermann Listor: Ed Aragon/Tom Elkington
Arrowhead Commerce Center Lamb Industrial Center Arville Industrial Complex Hacienda Business Center
6180 S Pearl. Bldg 14 2943 Lamb Blvd 4350 S. Arville St 5277 Cameron St
Las Vegas, NV 89120 North Las Vegas, 89115 Las Vegas, 89103 Las Vegas, 89118
Bldg SF: 140,540 Bldg SF: 8,000 Bldg SF: 163,036 Bldg SF: 107,500
Available SF: 44,200 - Sublease Available SF: 8,000 Available SF: 41,467 Available SF: 17,007
Listor: Susan Borst, CCIM Listor: Susan Borst, CCIM Listor: Susan Borst, CCIM Listor: Gina Moore/Jennifer Levine
4. AS GOLD AS IT GETS - INDUSTRIAL LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
3
MININ G YO U R
BUSINESS
Post Hinson Industrial Park
6320 Hinson St
Las Vegas, NV 89118
Bldg SF: 8,750
Available SF: 8,750
Listor: Jacqueline Young
5. AS GOLD AS IT GETS - OFFICE LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
4
MININ G YO U R
BUSINESS
101Convention Center Dr - Plaza 101 Convention Center DR - Tower Centra Point Commerce On The Green
Las Vegas, NV 89109 - Sublease Las Vegas, NV 89109 - Sublease 8311 -8395 W Sunset Rd 2200 Paseo Verde Pkwy # 150-190 SL
Bldg SF: 106,002 Bldg SF: 186,876 Las Vegas, NV 89113 Henderson NV
Available SF: 6,989 Available SF: 2,120 Bldg SF: 257,782 Las Vegas, NV 89121
Listor: Margaret D. Ziedin Listor: Margaret D. Ziedin Available SF: 53,744 Bldg SF: 11,307
Listor: Monty Montierth, CCIM Available SF: 11,307
Michael Dun, CCIM, SIOR Listor: Michael Dunn, CCIM SIOR/
Monty Montierth, CCIM
5054 Bond Street 514 South 7th Street Longford Plaza 921 S Las Vegas Blvd
Las Vegas, NV 89118 Las Vegas, NV 89101 3199-3277 E Warm Springs Rd Las Vegas, NV 89101
Bldg SF: 4,317 Bldg SF: 1,648 Las Vegas, NV 89120 Bldg SF: 11,171
Available SF: 4,317 Available SF: 1,648 Bldg SF: 47,283 Available SF: 5,000
Listor: Michael Dunn, CCIM, SIOR Listor: Monty Montierth, CCIM Available SF: 28,328 Listor: Liz Clare, CCIM
Listor: David Afromsky / Bob Hawkins
Bridger Building 4101 E Charleston Blvd Barcelone Plaza Russell Gateway
701 Bridger Ave Las Vegas, NV 89104 8751 W Charleston Blvd 4020 - 4080 E Russell Rd
Las Vegas, NV 89101 Bldg SF: 155,211 Las Vegas, NV Las Vegas, NV 89120
Bldg SF: 68,714 Available SF: 24,014 Bldg SF: 51,048 Bldg SF: 48,415
Available SF: 20,992 Listor: David Afromsky Available SF: 5,139 Available SF: 48,415
Listor: Carolyn Curtis, CCIM Listor: Bob Hawkins Listor: David Afromsky
Prestige Executive Office 201 S Las Vegas Boulevard Coronado Canyons 630 Trade Center Dr - Sublease
6175 Spring Mountain Rd Las Vegas, NV 89101 670 S Green Valley Parkway Las Vegas, NV 89119
Las Vegas, NV 89146 Bldg SF: 39,624 Henderson, NV 89052 Bldg SF: 12,077
Bldg SF: 32,798 Available SF: 6,601 Bldg SF: 15,600 Available SF: 12,077
Available SF: 3,623 Listor: Liz Clare, CCIM Available SF: 15,600 Listor: Liz Clare, CCIM
Listor: Selena A. Perez Listor: Bob Hawkins/David Afromsky
6. AS GOLD AS IT GETS - OFFICE LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
5
MININ G YO U R
BUSINESS
3980 Howard Hughes Pkwy - Sublease Myer Bldg. - 2950 South Rancho Dr Humphrey - 2900 South Ranch Dr 7495 W Azure Dr
Las Vegas, NV 89169 Las Vegas, NV 89102 Las Vegas, NV 89102 Las Vegas, NV 89130
Bldg SF: 86,018 Bldg SF: 24,537 Bldg SF: 11,384 Bldg SF: 27,932
Available SF: 8,938 Available SF: 10,320 Available SF: 6,327 Available SF: 20,310
Listor: Michael Dunn, CCIM, SIOR Listor: Leo Biedermann Listor: Leo Biedermann Listor: Bob Hawkins
McFadden Insurance Building Las Vegas Tech Center Oasis Business Park Origin Business Park
6180 West Viking Road 7501 Trinity Peak Dr 4840-4880 W University Avenue 7361-7365 Praire Falcon
Las Vegas, NV 89103 Las Vegas, NV Las Vegas, NV 89103 Las Vegas, NV 89128
Bldg SF: 8,889 Bldg SF: 73,804 Bldg SF: 22,448 Bldg SF: 22,928
Available SF: 8,889 Available SF: 5,668 Available SF: 6,465 Available SF: 4,354
Listor: Keith W. Bassett Listor: Michael Dunn, CCIM, SIOR Listor: Bob Hawkins/David Afromsky Listor: David Afromsky
Monty Montierth, CCIM
Park Sahara Office Flamingo Grand Cheyenne Corporate Center Bank of America Plaza
1820 -1850 E Sahara Avenue 1050 E. Flamingo 3301 North Buffalo Dr - #100 300 S. 4th Street
Las Vegas, NV 89104 Las Vegas, NV 89119 Las Vegas, NV Las Vegas, NV 89101
Bldg SF: 59,704 Bldg SF: 135,594 Bldg SF: 32,450 Bldg SF: 270,254
Available SF: 14,301 Available SF: 65,368 Available SF: 3,844 Available SF: 32,987
Listor: Monty Montierth, CCIM Listor: David Afromsky/Liz Clare, CCIM Listor: Michael Dunn, CCIM, SIOR/ Listor: Keith Bassett
Monty Montierth, CCIM
Sahara Courtyard Beltway Business Park 3883 Howard Hughes #1200 Desert Inn Office Center
1785 E. Sahara 6795 Edmond St- Bldg G2-SL Las Vegas, NV 89169 2755 Desert Inn Rd #180 - Sublease
Las Vegas, NV 89104 Las Vegas, NV 89148 Bldg SF: 239,198 Las Vegas, NV
Bldg SF: 76,590 Bldg SF: 75,905 Available SF: 6,698 Bldg SF: 28,000
Available SF: 26,782 Available SF: 7,536 Listor: Michael Dunn, CCIM, SIOR Available SF: 4,034
Listor: Carolyn Curtis, CCIM Listor: Michael Dunn, CCIM, SIOR Listor: Michael Dunn, CCIM, SIOR/
Monty Montierth, CCIM
7. AS GOLD AS IT GETS - LAND LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
6
MININ G YO U R
BUSINESS
815 Martin Luther King Blvd Lamb and Alto 1490 E Wilson Road 3431 N Rancho Dr
Las Vegas, NV 89106 Las Vegas, NV 89115 Pahrump, NV 89048 Las Vegas, NV 89108
Total Acres: 0.82 Total Acres: 6.00 Total Acres: 0.62 Total Acres: 0.551
Listor: Jacqueline Young Listor: Gina Moore/Jennifer Levine Listor: Dan Hubbard Listor: Dan Hubbard
Tolentino Rd & Bledsoe Ln Ground Lease 10835 S Eastern Avenue - Pad/Sublease Ground Lease
Las Vegas, NV 89156 6710 Surrey St Henderson, NV 89052 4533 Production Ct
Total Acres: 0.38 Las Vegas, NV 89119 Total Acres: 0.53 Las Vegas, NV 89115
Listor: Jennfer Levine/ Gina Moore Total Acres: 0.51 Listor: Jacqueline Young Total Acres: 0.65
Listor: Jennfer Levine/ Gina Moore Listor: Jennfer Levine/ Gina Moore
NEC Fort Apache & Maule NEC Buffalo & I-215 - Build-to-Suit Catus and Decatur NWC of Pebble & Rainbow
Las Vegas, NV 89148 Las Vegas, NV 89113 Las Vegas, NV 89139 Las Vegas, NV
Total Acres: 4.3 Total Acres: 9.55 Total Acres: 2.50 Total Acres: 1.97
Listor: Garry Cuff, CCIM Listor: Jacqueline Young/Dan Hubbard Listor: Bob Hawkins Ground Lease Retail
Gary Banner, CCIM, CRE Selena A. Perez
MINING YOUR BUSINESS
NEVADA’S REAL ESTATE GOLD MINE
8. AS GOLD AS IT GETS - APARTMENTS LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
7
MININ G YO U R
BUSINESS
Desert Aire Apartments
1076-1112 Sierra Vista Dr
Bldg SF: 27,150
Listor: Garry Banner, CCIM, CRE
Colistor: Garry Cuff, CCIM
MINING YOUR BUSINESS
NEVADA’S REAL ESTATE GOLD MINE
9. AS GOLD AS IT GETS - RETAIL LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
8
MININ G YO U R
BUSINESS
1724 E Charleston - Pad Fort Apache Center Big Lots - Sublease Canyon Lakes Plaza
Las Vegas, NV 89104 4199-4235 S Fort Apache Rd 8140 South Eastern 9002-9232 West Sahara Ave
Bldg SF: 3,018 Las Vegas, NV 89147 Las Vegas, NV 89123 Las Vegas, NV 89117
Available SF: 3,018 Bldg SF: 26,600 Bldg SF: 42,108 Bldg SF: 103,579
Listor: Dan Hubbard Available SF: 5,250 Available SF: 11,156 Available SF: 9,149
Listor: Dan Hubbard Listor: Jacqueline Young Listor: Liz Clare, CCIM
Centra Point Wesgate Plaza Charleston Plaza Decatur Blvd & I-215 (NWC)
8349-8359 West Sunset Rd 220 E Warm Springs Rd 1716-1854 East Charleston Blvd 5031 Wagon Trail Ave
Las Vegas, NV 89113 Las Vegas, NV Las Vegas, NV 89104 Las Vegas, NV 89118
Bldg SF: 15,324 Bldg SF: 18,560 Bldg SF: 268,850 Bldg SF: 29,400
Available SF: 3,607 Available SF: 8,200 Available SF: 141,047 Available SF: 29,400
Listor: Dan Hubbard Listor: Dan Hubbard Listor: Dan Hubbard Listor: Gina Morre
Lake Mead Crossing - Sublease Centennial Square Whitney Ranch Center Barcelone Plaza
110 W Lake Mead 6410 - 6640 N Durango Dr. 601-699 North Stephanie Street 8751 W Charleston
Las Vegas, NV 89015 Las Vegas, NV Henderson, NV 89104 Las Vegas, NV 89117
Bldg SF: 7,200 Bldg SF: 40,479 Bldg SF: 228,841 Bldg SF: 51,048
Available SF: 1,400 Available SF: 30,529 Available SF: 12,523 Available SF: 18,338
Listor: Jacqueline Young Listor: Dan Hubbard/Bob Hawkins Listor: Dan Hubbard Listor: Dan Hubbard
Hualapai Plaza Fremont Street Levitz Plaza Horizon Pointe
4280 S. Hualopai Way 116 N 3rd Street 77-91 Martin Luther King Blvd. 2650 W Horizon Ridge Pkwy
Las Vegas, NV 89147 Las Vegas, NV 89101 Las Vegas, NV 89106 Henderson, NV 89052
Bldg SF: 26,218 Bldg SF: 8,418 Bldg SF: 144,283 Bldg SF: 136,142
Available SF: 1,500 Available SF: 8,418 Available SF: 144,283 Available SF: 4,829
Listor: Jacqueline Young Listor: Liz Clare, CCIM Listor: Susan Borst, CCIM - Dan Hubbard Listor: Dan Hubbard
10. AS GOLD AS IT GETS - RETAIL LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
9
MININ G YO U R
BUSINESS
Palms Plaza Pecos Centennial Plaza Chapman’s Las Vegas Dodge Sahara Jones Plaza
4425 E Tropicana 3400 Centennial Pkwy 6470 Boulder Hwy 2400 South Jones Blvd
Las Vegas, NV 89121 Las Vegas, NV 89086 Las Vegas, NV 89121 Las Vegas, NV 89146
Bldg SF: 7,040 Bldg SF: 71,475 Bldg SF: 40,418 Bldg SF: 33,137
Available SF: 880 Available SF: 71,475 Available SF: 40,418 Available SF: 17,150
Listor: Selena A. Perez Listor: Liz Clare, CCIM / Jacqueline Young Listor: Ed Aragon / Tom Elkington Listor: Selena A Perez
South Shores Center Black Mountain Rainbow and Windmill Plaza Streamline Tower
8560 West Lake Mead - Sublease 72-76 Horizon Ridge Pkwy 8105 S Rainbow Blvd 150 North Las Vegas Boulevard
Las Vegas, NV 89128 Henderson, NV Las Vegas, NV 89113 Las Vegas, NV 89101
Bldg SF: 9,172 Bldg SF: 38,373 Bldg SF: 42,455 Bldg SF: 12,000
Available SF: 9,172 Available SF: 12,352 Available SF: 42,455 Available SF: 7,673
Listor: Jacqueline Young Listor: Liz Clare, CCIM Listor: Dan Hubbard Listor: Liz Clare, CCIM
Running Rebel Plaza 4241 S Nellis Blvd - Sublease Western Village The Shoppes at Coronado Canyons
4530-4550 S Maryland Pkwy Las Vegas, NV 89121 870 Sierra Vista Dr 620 -702 S Green Valley Pkwy - Pad
Las Vegas, NV 89119 Bldg SF: 3,993 Las Vegas, NV 89169 Henderson, NV 89054
Bldg SF: 29,301 Available SF: 1,992 Bldg SF: 9,454 Bldg SF: 79,760
Available SF: 3,600 Listor: Dan Hubbard Available SF: 9,454 Available SF: 79,760
Listor: David Patten Listor: Selena A. Perez Listor: Dan Hubbard
Boulevard Mall - Dillard’s Victory Village Smarty’s ii Gas Station, Car Wash & C-Store Pacific Asian Plaza
3700 Maryland Pkwy 200 - 280 East Lake Mead 228 Las Vegas, NV 89101 5115 Spring Mountain
Las Vegas, NV 89119 Henderson, NV 89015 Bldg SF: 2,578 Las Vegas, NV 89103
Bldg SF: 200,000 Bldg SF: 113,538 Available SF: 2,578 Bldg SF: 132,433
Available SF: 200,000 Available SF: 24,870 Listor: Ed Borst Available SF: 22,739
Listor: Jacqueline Young / Desiree Crisp Listor: Dan Hubbard/Jacqueline Young Listor: Liz Clare, CCIM/Jacqueline Young
11. AS GOLD AS IT GETS - RETAIL LISTINGS
Tour Nevada’s Listing Mine in Search of Prime Real Estate
10
MININ G YO U R
BUSINESS
Pecos Plaza JUHL - Retail Space Windmill Lane Plaza Longford Shoppes at Southern Hills
3317-3375 E Russell Rd 353 East Bonneville Avenue 500 E Windmill Lane 6565 S Fort Apache Rd - Bldg A-SWC
Las Vegas, NV 89120 Las Vegas, NV 89101 Las Vegas, NV 89183 Las Vegas, NV 89148
Bldg SF: 81,698 Bldg SF: 18,460 Bldg SF: 44,417 Bldg SF: 52,602
Available SF: 67,278 Available SF: 18,460 Available SF: 20,777 Available SF: 48,016
Listor: Dan Hubbard Listor: Liz Clare, CCIM Listor: Liz Clare, CCIM, Jacqueline Young Listor: Jacqueline Young /Dan Hubbard
Contact us for more
information on these
properties or other listings:
Longford Shoppes at Summerlin Mahacamu Marketplace Mesquite Plaza COMMERCE CRG
7591-7595 W Washington Ave 60 & 90 South Stephanie 300, 330, 360 N Sandhill Blvd Phone: 702.796.7900
Las Vegas, NV 89128 Henderson, NV 89012 Mesquite, NV 89027
Bldg SF: 16,148 Bldg SF: 18,973 Bldg SF: 24,668 Fax: 702.793.7920
Available SF: 4,685 Available SF: 1,371 Available SF: 6,338
Listor: Jacqueline Young/Dan Hubbard Listor: Liz Clare, CCIM Listor: Dan Hubbard
MINING YOUR BUSINESS
NEVADA’S REAL ESTATE GOLD MINE