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Commercial Real Estate News
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09/17/2018
Rents Continue to Rise for Las Vegas Apartments
The 242-unit Cabrillo apartment complex in Las Vegas. Las Vegas’ growing economy continues to drive elevated levels of development, as outsized job and population growth combine to create significant demand for housing. Around 3,500 units are under...

09/14/2018
Dapper Development Pays $5.7M for 201 Plaza in Las Vegas
The 25,665-square-foot 201 Plaza in Las Vegas. Dapper Development, a local investment and development firm, purchased a 25,665-square-foot office building in Las Vegas from a private investor based in Beverly Hills, California. 201 Plaza sold for...

09/12/2018
Westland Real Estate Group Pays $4.3M for Las Vegas Multifamily Complex
The 56-unit Tara Vista apartment complex in Las Vegas. Long Beach, California-based Westland Real Estate Group, a full-service investment and development firm, purchased a 56-unit apartment complex in Las Vegas from a local private investor. Tara...

09/10/2018
Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end...

09/07/2018
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...

09/04/2018
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...

09/04/2018
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...

08/31/2018
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...

08/29/2018
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...

08/27/2018
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...

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