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So far Nevada has created 17 blog entries.

Cushman & Wakefield Represents American Nevada Company in Concluding Disposition of 1.2 MSF Southern Nevada Portfolio JMA Ventures Acquires Final Three Buildings from Master Portfolio totaling 162,940 SF

JMA Ventures Acquires Final Three Buildings from Master Portfolio Totaling 162,940 SF LAS VEGAS – November XX, 2018 – Cushman & Wakefield announced today the firm has completed the sale process for an entire 1.2 million-square-foot (msf) master portfolio in Southern Nevada on behalf of American Nevada Company. The disposition came to a successful conclusion with JMA Ventures recently acquiring the master portfolio’s final three buildings totaling 162,940 square feet (sf) for $34 million. Designated as the Village View Drive subportfolio, the trio of properties are located at 2475, 2485 and 2495 Village View Dr. in the prestigious master planned Green Valley Corporate Center in the city of Henderson. Representing American Nevada Company throughout the disposition process were Rick Reeder and Brad Tecca of Cushman & Wakefield’s Capital Markets in San Diego who both primarily focus on larger, best in class, institutional office and industrial investment sales throughout the Pacific [...]

2018-11-13T13:53:55+00:00 November 13th, 2018|In the News|

Veterans Voices:   Army Veteran, Gene Laramee

    Cushman & Wakefield, Las Vegas, NV Dates Deployed: Sept 1991 – August 1996 10th MP Co, 10th Mountain Division, NY Florida – Hurricane Andrew Somalia Haiti South Korea Joint Security Area – Pan Mun Jom During his Army career, Laramee was awarded with:  two Army Commendation Medals Three Army Achievement Medals, a National Defense Service Medal, two Armed Forces Expeditionary Medals, a Humanitarian Service Medal and Air Assault Badge.    WORK HARD, LEAD WHEN NEEDED, FOLLOW WHEN NECESSARY The friendships and hard work made me proud to serve, and I would do it all again in a heartbeat.  Veteran’s Day is a day to think about my good friends, the time we served, the adventures and challenges we had and how, at the end of the day, we were one team. Our group gets together every two years and have been doing that for the last 20 years.  I [...]

2018-11-07T18:08:29+00:00 November 7th, 2018|In the News|

Las Vegas Reports Sixth Consecutive Quarter of Occupancy Growth in Q3 2018

Retail Market Records Over $1.2B in Sales Activity So Far LAS VEGAS, NV -- October 23, 2018 –  Retail vacancy (including sublease) decreased 30 basis points (bps) from last quarter, and 90 bps from a year ago to 7.8% in the third quarter of 2018. Occupancy grew by 207,000 square feet (sf) across all center types in July, August and September, bringing year-to-date (YTD) net absorption to 581,400 sf. According to Cushman and Wakefield, Director of Research San Diego and Nevada, Jolanta Campion, tenants absorbed the majority of space in the Central East, Southeast and Northwest submarkets, for a combined 158,000 sf in the third quarter, or 553,000 of sf YTD. At the end of the third quarter of 2018, overall vacancy was the lowest in the Southwest submarket (4.4%) followed by the Northwest (4.5%) and East (5.4%) submarkets. Of the 12 properties totaling 256,711 sf currently under construction countywide, [...]

2018-10-24T13:26:59+00:00 October 23rd, 2018|In the News|

Las Vegas Unemployment Drops to 4.9%; 18th Consecutive Quarter of Positive Occupancy Gains

LAS VEGAS, NV -- October 19, 2018--Cushman & Wakefield’s newly released office and industrial market update for Las Vegas indicates all employment sectors are expected to grow at a combined  rate of 3.1% in 2018, and 3.2% in 2019. Jolanta Campion, Cushman & Wakefield’s Research Director in Nevada confirms "The Las Vegas employment market continued to see record job growth, adding 32,300 jobs (+3.3%) year-over-year through August 2018. During the same time period, the unemployment rate decreased 40 basis points (bps), dropping to 4.9%. Also worth noting, the current rate is 160 bps below the 28-year average of 6.5 %. Las Vegas’s economy of $112.3 billion, as measured by gross regional product, is forecasted to grow an additional 5.6% in 2018, and 5.4% in 2019, above its 10-year average of 2.2%." Las Vegas office vacancy shed another 80 bps compared to a year ago, bringing year-to-date occupancy gains to 347,700 square feet. The average asking rent [...]

2018-10-19T18:01:50+00:00 October 19th, 2018|In the News|

U.S. MarketBeat Reports Q3 2018

A Tale of the Property Markets: Banner Year for Industrial, While Retail Lives On   The growth trajectory of the U.S. economy is expected to moderate somewhat in 2019 as some of the effects of tax cuts start to fade and the higher interest rate environment begins to dampen activity in certain sectors. In the third quarter, the technology sector remained the key source of demand in U.S. office markets accounting for nearly 27% of the top leases. Consumer spending and retail sales were positive, and eCommerce even more so. Online sales are forecast to grow by double-digits throughout the next three years. Despite concerns over trade policy, the primary drivers of industrial leasing continue to exhibit strength. Read Cushman & Wakefield’s analysis of 2018 third quarter commercial real estate results by clicking on the link below: http://www.cushmanwakefield.com/en/research-and-insight/2018/us-q3-2018-marketbeat Cushman & Wakefield Americas Head of Research, Revathi Greenwood, provides insights and glances [...]

2018-10-18T18:18:55+00:00 October 18th, 2018|In the News|

TVP Assets Sells 156,564 Square Feet, 100 percent Leased, Core Multi-Tenant Industrial Building in Henderson, NV for Historically High $20,200,00

Cushman & Wakefield Team Secured Client Return of 30 percent in just two years  LAS VEGAS, October 11, 2018 –  TVP Assets has sold a 156,564-square foot, 100 percent leased, core multi-tenant industrial building located in Henderson, Nevada for a record-breaking, historically high price of $20,200,000.00. At approximately $130 per square foot, the transaction is the highest per price square foot with the lowest cap rate on a multi-tenant deal, as well. According to Costar, the average price per square foot in this area, $116.62 with average cap rates at 5.63 percent.* Representing TVP in the disposition were Amy Ogden, SIOR and Danielle Steffen, SIOR. They brought in the Western Region Capital Markets team of Jeff Chiate and Jeff Cole to collaborate on the deal located at 1051 Mary Crest in the Suncrest Commerce Center of Henderson. Ogden and Steffen sold the facility to TVP Asset in 2016 where they proceeded [...]

2018-10-16T17:38:16+00:00 October 16th, 2018|In the News|

Cushman & Wakefield Welcomes Christina Roush as Nevada Managing Principal

LAS VEGAS, July 30, 2018 – We are pleased to announce that Christina Roush has joined the firm as the Managing Principal for our Nevada offices. Based in Las Vegas, Christina will oversee the strategic growth of the firm’s business lines in the Las Vegas and Reno markets. Christina brings more than 25 years of commercial real estate experience in sales, leasing, asset management and development to her new position. Prior to forming HB Properties Real Estate Investment & Development, Christina served as the Western Managing Director for CBRE’s Private Client Group, overseeing more than 80 professionals and 32 teams in the West. During her career, she has handled some of the largest transactions in southern Nevada and consistently ranked among the top professionals at CBRE. Christina was raised in Las Vegas and has strong ties to the local community. She has served on the board of the Boys & Girls [...]

2018-08-08T17:53:56+00:00 August 8th, 2018|In the News|