Operations - Las Vegas

  • New Pinnacle for Multifamily Community

    The 524-unit Broadstone Solis multifamily community in central Las Vegas will soon get its second wind as Pinnacle Property Management Services LLC has taken upon itself the role of property manager.

    14 July 2015 22:08
  • New Griffin REIT Grabs MGM Campus

    As the residential market continues its climb from the deep canyon created by the recession, the city’s office market is also continuing to improve, generating investor interest. Griffin Capital Essential Asset REIT II, an entity created in 2014, recently completed the purchase of a fully leased office property in the Las Vegas market, the trust’s seventh addition to its portfolio and the first acquisition completed in the state of Nevada.

    17 June 2015 16:34
  • FirstService Residential is Nevada Trails’ New Manager

    FirstService Residential recently expanded its management portfolio as the company secured the property management contract for a Las Vegas area residential community. FirstService is adding the 1,000+ residential units of the Nevada Trails community to its 50 million square-foot property management portfolio. The Florida-based real estate services provider took over management duties at the community starting April 1.

    10 April 2015 19:19
  • Veer Towers Hits $100M Milestone

    Veer Towers recently hit a major sales milestone as the company currently in charge of selling units at the property announced it has sold condos worth more than $100 million. Pordes Residential Sales and Marketing has now completed deals for 225 residential units in the Veer Towers complex since it took over sales operations, in 2013.

    09 March 2015 16:02
  • BH Properties Buys Addison Complex, Plans Makeover

    A Las Vegas commercial property was recently acquired by a Los Angeles-based real estate investment company that plans on repositioning it and adding value. BH Properties acquired the Addison Complex facility for a fee of $2.8 million, from seller VanMeetren Family Limited Partnership. BH Properties worked with David Frear, Senior Vice President of Colliers International during the transaction, while the VanMeetren Family Limited Partnership was represented by Charlie Mack, a president and broker with Mack Realty.

    22 January 2015 20:28
  • Prologis Starts Spec Industrial Project in North Las Vegas

    Developer Prologis has officially begun development on its speculative industrial park at Pecos and Gowan roads, meaning that it is the first property of its kind to be constructed in Las Vegas since the economic downturn. Prologis is gambling on the fact that the local industrial market, still reeling from the fact that Las Vegas was dropped as the possible location of the Tesla Gigafactory that eventually went to Reno, still has need for a large-scale asset.

    24 September 2014 20:13
  • Tropicana Follows Up $200M Renovation With Meeting-Space Makeover

    Tropicana Las Vegas – a DoubleTree by Hilton is currently undergoing major changes at its Tropicana Pavilion, with the facility being expanded for additional space. The entity recently announced that the development process is set for a March 1, 2015 completion. A number of improvements and new features are also planned for the process that aims to bolster the hotel’s convention business appeal in the coming years.

    03 September 2014 21:08
  • IKEA Eyes Spring Valley for First Las Vegas-Area Store

    IKEA has announced that it is developing a brand new Las Vegas-area store, part of its current initiative to significantly expand its operations in the western United States. The Swedish retailer has reportedly filed paperwork with Clark County, Nevada for the construction of a new facility that would be completed by 2016, just 13 miles away from downtown Las Vegas.

    17 July 2014 14:20
  • MGM Resorts Unveils Plans for The Park, Promenade Linking New York-New York, Monte Carlo

    MGM Resorts International recently unveiled its plan to round out an important part of the Las Vegas Strip where the company currently operates a number of resorts that are experiencing their own changes. The company has announced The Park, a concept that will take shape on the west side of The Strip that was thought up to bridge the area between New York-New York and Monte Carlo.

    14 May 2014 21:51
  • SolarCity Expands to Nevada, Will Serve Metro Las Vegas Starting this Fall

    The emergence of solar power as a viable option of fueling residences during recent years has been a lucrative enterprise in the California and Arizona, two of the sunniest states in the entire country. Now, Nevada is seeing serious interest from one of the largest companies committed to raising the profile of the alternative energy method of powering homes. SolarCity recently announces that it is vastly expanding its operations in the state of Nevada, and its push will begin with residences in the city of Las Vegas and the neighboring area.

    07 May 2014 20:43
  • MGM Resorts Plans $86M Expansion of Mandalay Bay Convention Center

    Mandalay Bay Resort and Casino has announced plans to expand its Convention Center in a bid to answer the growing demand for meeting space in the city of Las Vegas. Announced plans for the facility would bring the total amount of available convention space at Mandalay Bay to over two million square feet. The cost of the new developments will cost an estimated $66 million.

    01 May 2014 00:05
  • High-end Summerlin Office Property Hits the Market; Gladstein Group Gets Listing

    A rare opportunity for a high-end office acquisition recently presented itself in the Summerlin master-planned community. Sam Gladstein, the president of the Gladstein Group, was named the exclusive sales agent by the Donald W. Reynolds Foundation for the property located at 1701 Village Center Circle. According to a recently issued press statement, the asking price for the listing will stand at around $11.5 million.

    17 April 2014 02:57
  • Siegel Group Buys 119-Unit M-F Property Near Strip, Expanding Flexible-Stay Portfolio

    The Siegel Group Nevada, Inc. recently expanded its local apartment portfolio with a purchase near the Las Vegas Strip. The commercial real estate and business development company has completed a deal worth approximately $4.2 million for the apartment property known as Solana Square. The Siegel Group plans to add the newly acquired asset to its Siegel Suites Brand, which currently offers a number of flexible stay residential communities throughout the state of Nevada. With the addition of Solana Square, Siegel Group now operates 23 such communities in the Silver State.

    10 March 2014 01:57
  • Providence Clearly a Fan of Parks as Master-Planned Community Unveils Second Public Spot

    By Alex Girda, Associate Editor The Providence master-planned community situated in the northwest part of the valley has recently inaugurated its second park. The community, located at 10695 Dorrell Lane, has now unveiled two parks that will benefit area residents, with another one in the pipeline. The Providence developer, John Ritter was quoted by The [...]

    21 May 2013 16:25
  • AVS Housing Group Takes Charge of UNLV’s On-Campus Student Housing

    It was recently announced that a joint venture has assumed the property management of the entire on-housing campus system of the University of Nevada, Las Vegas. The joint venture is the result of the affiliation of The Scion Group, and entities linked to real estate companies American Nevada Company and The Vista Group. Working under the name of AVS Housing Group, the newly formed property manager will handle marketing, resident contracts and room assignments, facility planning and management, financial and vendor management, as well as residence hall operations.

    25 January 2013 16:26