America Nevada Co. and First Federal Realty DeSimone celebrated the groundbreaking of the Fort Apache Professional Park on the southeast corner of Fort Apache Road and West Martin Avenue on Oct. 29.
ARES Nevada, an affiliate of Advanced Rail Energy Storage (ARES), has announced the groundbreaking for its first GravityLineTM merchant energy storage facility. The 50 MW facility will be able to provide 15 minutes of regulation services at full capacity — supporting renewable energy integration across the Western U.S.
CapRock Partners, a Newport Beach, California-based industrial real estate investment and development firm, has announced the acquisition of an approximately 5-acre land site in the North Las Vegas. Acquired from a commercial real estate investment firm for an undisclosed amount, this site will enable CapRock to provide build-to-suit solutions for distribution or manufacturing tenants in need of industrial space ranging from 45,000- to 100,000-plus square feet.
Berkadia has announced the sales of Cameron Apartments and Northwind, two garden-style multifamily properties totaling 502 units. Managing Director Brian Anderson and Associate Director Jared Glover of Berkadia’s Las Vegas office completed both sales on behalf of their respective sellers.
UnCommons, Matter Real Estate Group’s much-anticipated mixed-use development at Interstate 215 and Durango Drive in southwest Las Vegas, will be the first in Nevada to be built with rigorous, science-based criteria set by the International WELL Building Institute.
Real estate merchant banking firm Dekel Capital has secured $35 million in debt and equity on behalf of real estate investment firm Moonwater Capital for its acquisition of the NV Energy Pearson Building, a 262,000-square-foot corporate headquarters building in Las Vegas.
Dermody Properties, a national private equity real estate investment, development and management company, has purchased 9.49 acres in Las Vegas for a new state-of-the-art facility that will be called LogistiCenterSM at Sunset. This 151,200-square-foot, e-commerce-ready property at Sunset Road and Bruce Street in Las Vegas is expected to be completed in the first quarter of 2021.
CapRock Partners, a private industrial investment and development firm focused solely on the Western U.S., has announced the disposition of three industrial real estate assets in Las Vegas for an undisclosed amount to Nicola Wealth Real Estate, a Canada-based subsidiary of wealth management firm Nicola Wealth. The sale of the 276,912-square-foot portfolio marks Nicola Wealth’s first venture into the Las Vegas marketplace. “When we first entered the Las Vegas market i
The Henderson Interchange Center sold for $19 million. The 130,842-square-foot industrial property is at 860 Wigwam Parkway in Henderson. Dan Doherty , SIOR; Chris Lane , CCIM; Paul Sweetland , SIOR; and Jerry Doty of Colliers International represented the seller, Henderson Interchange Center LLC.
Attorney Kavita Gupta has been appointed to serve as the Chapter 11 Trustee overseeing the bankruptcy sale of 38.56 acres of privately owned real property on the world-famous Las Vegas Strip. The Bankruptcy Court has approved bid procedures setting a bid deadline of April 30 and May 19 auction for qualified bidders.