Monthly Archives: November 2012

Guthrie’s Fried Chicken Fingers Renews Lease

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Guthrie’s Fried Chicken Fingers signed a 5-year $414,113 lease renewal for 2,400 square feet of retail space at 6728 W. Cheyenne Ave. in Las Vegas. Newmark Grubb Knight Frank’s Chris Godino and David Lipp represented the lessee; BEKS Group’s Ernie Becker Jr. of represented the lessor, 95, LLC. The reported average rent equals $2.89 per… Read more »

Panattoni Finalizes 20-Year Freeman Lease

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Freeman Decorating Inc. signed a 20-year, $7,888,200 lease for a 9.43-acre lot at 3845 Pioneer Ave. in Las Vegas. Colliers International’s Pat Marsh represented both the lessee and lessor, Panattoni Development Co. The reported average rent equals per square foot. 43,560  Panattoni originally bought the lot for $3,925,000 or $416,225 per acre.

Forte Specialty Contractors Hires New Controller

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Forte Specialty Contractors named Robert “Bob” Scott as controller. He most recently worked for Thor Construction as controller. Scott has over 20 years of financial management experience.

Harsch’s Jim Tainter Joins Lied Institute Board

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Lied Institute for Real Estate Studies at the University of Nevada Las Vegas welcomed Harsch Investment Properties’ Jim Tainter to its executive advisory board. Tainter joined Harsch in 2011 as senior vice-president and regional manager for Harsch’s Southern Nevada office.

Linda Gonzales Joins New Growth Commercial

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New Growth Commercial Real Estate named Linda Gonzales as vice president. She most recently served as a senior associate with Cushman & Wakefield-Commerce Real Estate Solutions where she focused on the industrial and office sectors.

Clark County Job Index Up in September

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The Clark County job index was 90.9 in September, up slightly from the month before and 1.7 points higher than a year ago, reports RCG Economics. There were 5,500 more jobs in September than 12 months prior. “The Clark County economy is improving moderately, but a return to the pre-recession (1990-2007) average index of 98.4… Read more »

Medical Office Market on the Mend

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Southern Nevada’s medical office market remained resilient in the third quarter, recording 69,085 square feet of net absorption, marking a major reversal from the previous quarter, reports Colliers International. The market was partly aided by lower asking rents and 1,300 new healthcare jobs being added between July 2011 and July 2012. Average asking rental rate… Read more »

GLVAR Donates $10,000 To Aid Sandy Victims

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The Greater Las Vegas Association of Realtors (GLVAR), on behalf of its membership, has donated $10,000 to help people on the East Coast recover from Hurricane Sandy. GLVAR President Kolleen Kelley said the association sent the donation Thursday through the Realtor Relief Foundation to help their fellow realtors, homeowners and others recover from the hurricane.

Industrial Market Stabilizes in Third Quarter

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Southern Nevada’s industrial market posted positive net absorption in the third quarter and saw an end to rising vacancy, reports Colliers International research director John Stater. While year-to-date net absorption is still deeply negative, the promise of several build-to-suit projects being completed next quarter could leave 2012 ultimately a wash – no progress, but no… Read more »

Scherer Group Lands Harsch Listing

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Harsch Investment Properties awarded the listing of its 359,000-square-foot Paradise Airport Center at 1110 Palms Airport Drive in Las Vegas to the David Scherer Group of Newmark Grubb Knight Frank. The industrial center has available units ranging from 6,000 square feet to 50,000 square feet.