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Kidder Matthews Appoints New Executive Vice President of Brokerage
Kidder Matthews has hired Bay Area commercial real estate veteran Eric Luhrs as its new executive vice president of brokerage. Effective September 11, Luhrs will oversee the firm's Northern California and Nevada offices in San Francisco, Redwood City...

Dornin Investment Group Sells Class A Office Bldg. in Las Vegas
The 68,286-square-foot Marnell Corporate Center 3 (MCC 3) office building in Las Vegas. Dornin Investment Group (DIG) sold a Class A, 68,286-square-foot office building at Marnell Corporate Center in Las Vegas to a new private investor group managed...

Lexington Realty Trust Sells $726 Million Office Portfolio as Focus Shifts to Single-Tenant, Net-Leased Industrial Properties
The 200,000-square-foot AvidExchange office building in Charlotte, North Carolina, was one of 21 Lexington Realty Trust sold to a new joint venture. Lexington Realty Trust sold its majority ownership in a portfolio of 21 office buildings for $726...

Dornin Investment Group Flips Town Square North in Las Vegas
The 85,171-square-foot building at 6551 Las Vegas Blvd. South at Town Square in Las Vegas. Dornin Investment Group (DIG) sold three office condos totaling 131,000 square feet at Town Square in Las Vegas to Moonwater Capital Management, a local boutique...

Matter Real Estate Group Pays $7.1M for 33 Acres in North Las Vegas
The 32.75-acre site across from North Las Vegas Airport.Credit: Newmark Knight Frank (NKF) San Diego-based Matter Real Estate Group, a full-service investment and development firm, purchased a 32.75-acre site in North Las Vegas, Nevada, from Qualcomm...

Wallace Elevated to President of CBRE's Mountain-Northwest Division
Joe Wallace has been promoted to president of CBRE’s Mountain-Northwest Division in San Francisco, where he will have executive oversight for the Bay Area, Sacramento and Reno, Seattle, Portland, Denver, Salt Lake City, Las Vegas and Albuquerque. The...

Kennedy Wilson Pays $36M for 293-Unit Multifamily Complex in Reno, Nevada
The 293-unit Southridge multifamily complex in Reno, Nevada. Kennedy Wilson (KW), a global investment firm headquartered in Beverly Hills, purchased a 293-unit multifamily complex in Reno, Nevada, from Seattle-based Investors Capital Group. Southridge...

Las Vegas Retail Recovery Aided by Restrained Development
Site of the 126,000-square-foot Area15 project in Las Vegas. The Las Vegas market continues to recover, seeing both healthy job and population growth along with strong visitor numbers. While this growth has helped bolster development, particularly...

Orlando-Based Firm Pays $16.2M for New North Las Vegas Warehouse
The 155,790-square-foot Matter @ Craig warehouse in North Las Vegas. Orlando-based Christie Lites, a state lighting company with offices worldwide, purchased a 155,790-square-foot warehouse in North Las Vegas from Centra Properties. Matter @ Craig...

Las Vegas Apartment Complex Trades for $11.5 Million
The 191-unit Desert Manor apartment complex in Las Vegas. A private investor based in Altherton, California, purchased a 191-unit apartment complex in Las Vegas from 1060 Broadway based in Los Angeles. Desert Manor sold for $11.53 million, or about...

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