Appraisers of Las Vegas: Real Estate Appraisals in Clark County, Henderson and Nevada

CoStar's People of Note (Jan. 29-Feb. 4)

2/2/2012 10:47 PM

This week's People of Note includes the following markets: Chicago, Dallas/Fort Worth, Los Angeles, Milwaukee/Madison, New York City, Philadelphia, Pittsburgh, South Florida, Washington, DC. LOS ANGELES Cockrum Joins Lowe Enterprises Investors as SVP By Laurie Forbes Lowe Enterprises Investors hired William M. Cockrum IV as senior vice pres...Read More

GREEN LEAD | Green Building News from CoStar

2/2/2012 8:05 PM

GREEN LEAD is a column on environmental and sustainable design and construction, best practices for green building maintenance and operations, economic impact on developers and owners, new LEED and Energy Star building certifications, and trends in the Green Building movement. Send in your Green News Leads to news@costar.com Latest Research on ...Read More

Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement

2/1/2012 9:13 PM

A two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Partners expired Tuesday without an agreement, according to a document filed with the U.S. Securities and Exchange Commission. Under the previous agreement, Grubb & Ellis provided an exclusive right to negotiate for BGC Partners, head...Read More

Flaminogo Professional Court Sold for $1.1M

1/31/2012 7:09 PM

The Siegel Group purchased the 37,242-square-foot medical office building at 3530 E. Flamingo Rd. in Las Vegas, Nevada. Bank of America, NA sold the building for $1.05 million, or $28 per square foot, in an REO sale. The building was delivered in 2001 on 2.6 acres in Clark C...Read More

Real Money: Goldman Sachs Hits the Street with $1.15 Bil. CMBS Deal

2/1/2012 5:05 AM

Goldman Sachs is the putting out the first new CMBS offering of 2012. GS Mortgage Securities Trust 2012-GC6 is a pool of 80 fixed-rate loans totaling $1.15 billion and backed by 127 properties. The loans were originated by Goldman Sachs Mortgage Company (45.8%), Citigroup Global Markets Realty Corp. (45.1%), and Archetype Mortgage Funding ILL...Read More

In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4

1/30/2012 9:03 PM

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new Read More

Market Trend: Las Vegas's Retail Vacancy Decreases to 10.9%

1/30/2012 12:12 AM

The Las Vegas retail market experienced a slight improvement in market conditions in the fourth quarter 2011. The vacancy rate went from 11.1% in the previous quarter to 10.9% in the current quarter. Net absorption was positive 222,717 square feet, and vacant sublease space increased by 10,076 square feet. Tenants moving into large block...Read More

CoStar's People of Note (Jan. 22-28)

1/26/2012 10:19 PM

This week's People of Note includes the following markets: Dallas, Denver, National, New York City, Orange County, San Francisco and Washington, DC. DALLAS, NATIONAL Behringer Harvard Appoints New President, CEO of REITs By Laurie Forbes Behringer Harvard hired Michael J. O'Hanlon as an executive vice president of the firm and as CEO and pr...Read More

LAST CALL! Deadline Is Next Week for CoStar Power Broker Awards

1/25/2012 5:10 AM

This is it! Don't miss out on this opportunity to have your 2011 professional accomplishments recognized by making sure you get credit for the leases and sales you closed in 2011 and you may qualify for the CoStar Power Broker Awards! The deadline to submit your transactions is next Wednesday, February 1, 2012. As the leading industry award re...Read More

Behringer Harvard Appoints New President, CEO of REITs

1/24/2012 1:49 AM

Behringer Harvard hired Michael J. O'Hanlon as an executive vice president of the firm and as CEO and president of Behringer Harvard Opportunity REITs I and II. He took the place of Robert S. (Bob) Aisner who was tapped as vice chairman of the REITs. O'Hanlon has more than three decades of industry experience with a background in asset managemen...Read More

CoStar's People of Note (Jan. 29-Feb. 4)

2/2/2012 10:47 PM

GREEN LEAD | Green Building News from CoStar

2/2/2012 8:05 PM

EXCLUSIVE: C-III Capital's Robert Lieber On NAI Global Acquisition and Growth Plans

2/1/2012 10:23 PM

Real estate investment firm C-III Capital Partners LLC last week completed its acquisition of Princeton, NJ-based NAI Global. The long-awaited closing came seven months after the transaction was announced in June, leading some to wonder if the deal had fallen by the wayside. But C-III was hardly idle during that time, acquiring three other companie...Read More

Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement

2/1/2012 9:13 PM

Warehouse Occupancy Rising, Market Remains Stable and Positive, Still Not at Point for Higher Rents, New Construction

2/1/2012 8:33 PM

With the gradual return of economic growth, including higher levels of manufacturing and consumer spending, the vacancy rate for U.S. warehouses continued to decline at the end of 2011 as the property sector was buoyed by its strongest quarter for net absorption since late 2008. The vacancy rate tracked across 210 markets by Property and Portfol...Read More

No More Fear and Loathing of CRE Lending for Banks

2/1/2012 8:15 PM

As economic headwinds subside, the commercial real estate lending business for U.S. banks has hit an inflection point. For the first time in five years, a majority of banks are finally talking about their ability to grow their loan portfolios. While the sentiment among banks is neither unani...Read More

Back in Business: CRE Sales Volumes Make Strong Comeback

2/1/2012 8:13 PM

The dollar volume of commercial real estate sales vaulted back to longterm historical levels in 2011. CoStar Group has confirmed $291.6 billion in CRE sales in 2011, a 32% increase over the sales volume in 2010. Last year's volume bested the 12-year average volume of $254.2 billion. However,...Read More

Bank Watch: First Billion-Dollar Bank of the Year Fails

2/1/2012 5:07 AM

Regulators took over four banks in the past week, including the $1.2 billion-sized Tennessee Commerce Bank of Franklin, TN, one other Tennessee bank and one each in Florida and Minnesota. Republic Bank & Trust Co. (RB&T) in Louisville, KY, acquired Tennessee Commerce Bank from the Federal Deposit Insurance Corporation ("FDIC"). In addition to...Read More

Real Money: Goldman Sachs Hits the Street with $1.15 Bil. CMBS Deal

2/1/2012 5:05 AM

In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4

1/30/2012 9:03 PM

CoStar's People of Note (Jan. 29-Feb. 4)

2/2/2012 10:47 PM

GREEN LEAD | Green Building News from CoStar

2/2/2012 8:05 PM

LWI Properties Purchases 17 Acres for Development

2/2/2012 2:45 AM

LWI Properties purchased the 17 acres located at SW Ray Road and San Tan Village Parkway in Gilbert, AZ from SanTan Development Group, Inc. for $5.34 million, or about $7 per square foot. The buyer will develop SanTan Village Apartments, a 382-unit multifamily complex expected to break ground this quarter. The property closed after a lengthy es...Read More

Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement

2/1/2012 9:13 PM

Phoenix's Select Top Industrial Leases for Q4 2011

1/31/2012 8:52 PM

The following is an account of the Phoenix market's select top 10 industrial lease transactions for fourth quarter 2011. Cornerstone Services, Inc. leased 337,897 square feet in Interstate Logistics Center at 7210 W Van Buren St. in Phoenix. Patrick Feeney, Daniel Calihan and Rusty Kennedy of CBRE represented the tenant and the landlord, Wentwo...Read More

Blum, McSorley Join Kasten Long Commercial Grp

1/31/2012 8:47 PM

Paul Blum and Peter McSorley have joined Kasten Long Commercial Group in Phoenix. Prior to joining, Blum was a recipient of the RE/MAX Hall of Fame designation and was the Number 1 Commercial Agent for the RE/MAX Southwest Region in 2008 and 2009. He relocated to Arizona in 1985 from New York where he practiced law for a firm that subsequently ...Read More

Inland On Track to Finish ASU Student Housing In August

1/31/2012 8:44 PM

Inland American Communities Group, Inc. expects to complete the first phase of Innovation Academic Village, an on-campus housing community and dining facility on Arizona State University’s (ASU) Polytechnic Campus in Mesa, AZ, by next fall. The facility will be near the newly constructed Student Recreation Center and recreational sports fields. ...Read More

Phoenix Children's Hospital Completes New Energy Efficient Plant

1/30/2012 9:50 PM

Phoenix Children's Hospital, one of the largest children's healthcare facilities in the country, has completed a recent expansion, necessitating the need for a new central utility plant to keep the growing facility running reliably. The plant needed to be energy efficient, while ensuring no interruption in the delivery of medical care to the commu...Read More

In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4

1/30/2012 9:03 PM

Market Trend: Phoenix's Retail Vacancy Decreases to 12.1%

1/29/2012 9:06 PM

The Phoenix retail market experienced a slight improvement in market conditions in the fourth quarter 2011. The vacancy rate went from 12.5% in the previous quarter to 12.1% in the current quarter. Net absorption was positive 1,072,778 square feet, and vacant sublease space decreased by 21,801 square feet. The largest lease signings occu...Read More

CoStar's People of Note (Jan. 29-Feb. 4)

2/2/2012 10:47 PM

GREEN LEAD | Green Building News from CoStar

2/2/2012 8:05 PM

Cockrum Joins Lowe Enterprises Investors as SVP

2/2/2012 3:51 AM

Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company’s marketing and capital raising efforts. He will be based in the Los Angeles office of the real estate investment management firm. “LEI forecasts an attractive real estate investment environment for its targeted strategies. Over the last year we ...Read More

Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement

2/1/2012 9:13 PM

Real Estate Holds Up its End in CalPERS, CalSTRS 2011's Minimal Returns

2/1/2012 5:15 AM

The nation's two largest public pension funds had trouble pulling in returns in 2011. Thankfully, though, real estate wasn't the culprit. The California Public Employees' Retirement System (CalPERS) earned a small, but positive 1.1% return for the 12-month period ended Dec. 31, 2011. According to CalPERS investment staff, the fund experienced...Read More

Safeway Pays $16.7M for Santa Monica Vons

2/1/2012 2:26 AM

Safeway Inc. purchased the 27,396-square-foot retail building at 1311 Wilshire Blvd. in Santa Monica, CA, from Williams Family Partnership for $16.7 million, or about $609 per square foot. At the time of sale the buyer, doing business as Vons, was leasing the property and decided to purchase it. The building was completed in 1966 and is on 1.38 ...Read More

Jumping Jacks To Open in San Dimas

1/31/2012 10:33 PM

JJ Entertainment Inc. signed a 10-year lease with two five-year options for 20,000 square feet of retail space at 186 Village Court in San Dimas, CA. It will be a new location for Jumping Jacks, an entertainment business that hosts birthday parties, fundraisers and school field trip...Read More

Lift-It Manufacturing Buys Pomona Industrial for $4M

1/31/2012 9:02 PM

Lift-It Manufacturing purchased the 38,678-square-foot industrial building at 1603 W. Second St. in Pomona, CA, from Seventh Street Development for $4.06 million or $105 per square foot. The structure was built in 2007 and was delivered vacant. The new owner relocated from Vernon to occupy the larger, newer building. Barbara Emmons, John Pri...Read More

Lowe's Sells Canoga Park Office Bldg. for $4.9M

1/31/2012 7:56 PM

Lowe's Cos. sold the office structure at 8399 Topanga Canyon Blvd. in Canoga Park, CA, to Valley College of Medical Careers, a building tenant, for nearly $4.88 million or $128 per square foot. The three-story property totals 38,113 square feet. Valley College of Medical Careers will eventually utilize the second and third floors. Lowe's p...Read More

Newbury Park Multifamily Trades for $5.1M

1/31/2012 7:22 PM

Gootkin Properties acquired the 30-unit Mountain Shadows Apartments building in Newbury Park, CA, for $5.1 million or $170,167 per unit. Mountain Shadows Apartments LLC was the seller. Built in 1965, the building at 2740-2760 Borchard Road is 31,170 square feet and is on 1.97 acres. There are six one-bedroom/one-bathroom units and 24 2-bedroom/1...Read More

CoStar's People of Note (Jan. 29-Feb. 4)

2/2/2012 10:47 PM

GREEN LEAD | Green Building News from CoStar

2/2/2012 8:05 PM

Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement

2/1/2012 9:13 PM

Real Estate Holds Up its End in CalPERS, CalSTRS 2011's Minimal Returns

2/1/2012 5:15 AM

LA Fitness Takes 90,000 SF at The Michelson

2/1/2012 12:55 AM

LA Fitness International LLC has agreed to lease 91,023 square feet at 3161 Michelson Dr. in Irvine, CA for 10 years beginning in June 2012. The new space will be used as the company’s global corporate headquarters. The Michelson Building will now be 93 percent occupied. The 20-story Read More

Huntington Beach Land Parcel Sold for $9.5M

1/31/2012 11:43 PM

Merrill Gardens LLC, an operator of assisted living facilities, purchased the 2.72-acre vacant land parcel located at 17200 Goldenwest St. in Huntington Beach, CA for $9.5 million from Burke Real Estate Group. The buyer will develop an assisted living facility at the site. The vacant parcel comes fully entitled, with maps and permits in place ...Read More

Aliso Viejo Industrial Sells For $3.3M

1/30/2012 9:40 PM

Sunflower Windell LLC sold 22 Journey in Aliso Viejo to SST Properties for $3,325,000, or about $154 per square foot. The investor plans on leasing out the building. The 21,607-square-foot industrial property is located within the Focus Business Center. The property consists of a free standing corner building with an abundance of glass. Je...Read More

In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4

1/30/2012 9:03 PM

Market Trend: Orange County's Retail Vacancy Stays at 5.9%

1/30/2012 12:27 AM

The Orange County retail market did not experience much change in market conditions in the fourth quarter 2011. The vacancy rate went from 5.9% in the previous quarter to 5.9% in the current quarter. Net absorption was positive 61,382 square feet, and vacant sublease space increased by 23,110 square feet. Tenants moving into large blocks...Read More

CoStar's People of Note (Jan. 22-28)

1/26/2012 10:19 PM

CoStar's People of Note (Jan. 29-Feb. 4)

2/2/2012 10:47 PM

GREEN LEAD | Green Building News from CoStar

2/2/2012 8:05 PM

Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement

2/1/2012 9:13 PM

Real Estate Holds Up its End in CalPERS, CalSTRS 2011's Minimal Returns

2/1/2012 5:15 AM

Park Terrace Retail Condos Sell for $6.8M

2/1/2012 12:51 AM

The 21,565-square-foot Park Terrace retail condos at 206 Park Blvd. in San Diego, CA were sold for $6.8 million, or about $315 per square foot, to Paragon Management Company. Park Terrace is a 223-unit retail/residential project located in the East Village of Downtown San Diego. Park Terrace consists of one 8-story building and one 14-story bui...Read More

Gilead Sciences Purchases Oceanside Bldg For $4.6M

2/1/2012 12:26 AM

Gilead Sciences, Inc. purchased the 35,856-square-foot industrial building located at 4039 Avenida De La Plata in Oceanside, CA for $4,586,000, or about $128 per square foot. Built in 1986, this building is situated on 2.75 acres. Gilead Sciences also owns the adjacent building at 4049 Avenida De La Plata and expanded into this building. ...Read More

Bastyr University Leases 19,300 SF

1/31/2012 8:51 PM

Bastyr University leased 19,300 square feet of office / lab space at 4108 Sorrento Valley Blvd. in San Diego, CA. Bastyr is the largest university for natural health arts and sciences in the United States, combining a multidisciplinary curriculum with leading-edge research and clinical training. Built in 1979, this 19,300-square-foot flex build...Read More

Real Money: Goldman Sachs Hits the Street with $1.15 Bil. CMBS Deal

2/1/2012 5:05 AM

In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4

1/30/2012 9:03 PM

Market Trend: San Diego's Retail Vacancy Decreases to 5.0%

1/30/2012 12:36 AM

The San Diego retail market did not experience much change in market conditions in the fourth quarter 2011. The vacancy rate went from 5.2% in the previous quarter to 5.0% in the current quarter. Net absorption was positive 251,189 square feet, and vacant sublease space increased by 8,744 square feet. Tenants moving into large blocks of ...Read More

CoStar's People of Note (Jan. 29-Feb. 4)

2/2/2012 10:47 PM

GREEN LEAD | Green Building News from CoStar

2/2/2012 8:05 PM

Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement

2/1/2012 9:13 PM

Real Estate Holds Up its End in CalPERS, CalSTRS 2011's Minimal Returns

2/1/2012 5:15 AM

Two Tenants Sign New Deals at 550 Kearny

2/1/2012 3:55 AM

Highridge Partners and Montgomery Capital Partners signed two new tenants to office space at 550 Kearny St. in San Francisco. iCrossing, a diversified media company, leased 19,119 square feet on the sixth floor and 6 Waves, an international publisher of gaming applica...Read More

In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4

1/30/2012 9:03 PM

CoStar's People of Note (Jan. 22-28)

1/26/2012 10:19 PM

Renew or Relocate? Incumbent Landlords Willing To Sweeten the Pot

1/25/2012 8:15 PM

While perhaps not a nationally significant or unusual deal by itself, U.S. Cellular's renewal this past month of an office lease in Madison, WI, succinctly depicts the current state of leasing. U.S. Cellular agreed to extend its lease with affiliates of Wells Real Estate at the U.S. Cellular Building, a four-story, 102,000-rentable-square-foot <...Read More

LAST CALL! Deadline Is Next Week for CoStar Power Broker Awards

1/25/2012 5:10 AM

Niantic Sells Flex Property for $8 Million

1/25/2012 2:02 AM

Niantic Corp. sold 340 Bryant St. in San Francisco, CA, to 140 Partners LP. The property traded for $8.05 million or $137 per square foot. The 58,679-square-foot flex building was approximately 92 percent leased at time of sale, with only one ground floor space available. The structure is currently leased to a mix of smaller tenants includin...Read More

Appraisers of Las Vegas Appraises Houses to High-Rises. Expert residential and commercial appraisals of all types of real estate by Nevada Licensed and Certified Residential and Certified General Commercial Appraisers in Las Vegas, Henderson, North Las Vegas, Boulder City, Clark County and all of Southern Nevada. We also provide appraisals in the Clark County communities of Summerlin, Paradise, Aliante, Seven Hills, Anthem, Green Valley, Southern Highlands, Sun City, Spanish Trails, Spanish Hills, Rhodes Ranch and all of the local condo communities.