Las Vegas Commercial Real Estate Million Dollar Deals

Sandy Lake Apartments was purchased by National Commercial Ventures. The Sandy Lake Apartments is a 144 unit complex in Las Vegas at 3650 E. Lake Mead Blvd. for $11.9 million, or $82,638 per unit, from Sandy Lake Properties LLC.

The Willows at Lone Mountain real estate was purchased by National Commercial Ventures LLC bought the 98-unit apartment complex at 3540 N. Hualapai Rd. for $12.8 million, or $130,612 per unit, from Chartered Development.

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Village Of Centennial Springs Las Vegas Construction Starts

The Village of Centennial Springs real estate in Las Vegas will have 75,000 square feet of restaurant and shops pads and 41,000 square feet of office space. Lease rates for the Las Vegas commercial real estate range from $2.25 to $3.50 a square foot.

After two years of planning and development, The Village of Centennial Springs Las Vegas mixed-use project in northwest Las Vegas is developing as construction begins on three office buildings, Rick McCarty of Rhapsody Partners said.

Rhapsody, from Kirkland, Wash, founded by Mark Doppe, former president and chief executive officer of Carina Corp., is developing the $42 million commercial Las Vegas real estate portion of the "new urbanist" village. Carina built more than 1,800 homes in Las Vegas' "Lamplight" communities before Doppe sold the company to Lennar Corp., a national home builder, in August 2005.

The Village in Las Vegas will be a suburban mixed-use 41 acres development with retail, office and residential portions off I-95 at Durango Drive. This will be similar to The District at Green Valley Ranch in Henderson, NV.

Residents will be able to shop and walk along "Main Street" America and enjoy outdoor activities in a central park such as a community center, amphitheater, playground and pool.

The areas population is projected to grow by 50 percent over the next five years.

Lennar plans to build 230 new Las Vegas homes, both brownstones and single-family residences, with 12 home floor plans starting from the high-$200,000s. Construction is expected to begin in November and occupancy in March.

Las Vegas Planning Commission approved the The Village at Centennial Springs for eight units an acre in February 2004 and Doppe started development in March 2005. He kept 11 acres for commercial development when he sold Carina's land holdings of 187 acres, including The Village of Centennial Springs Las Vegas, to Miami-based Lennar homes.

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The Village of Centennial Springs real estate in Las Vegas construction started.

Town Square Las Vegas Real Estate 80% Pre Leased

Town Square Las Vegas real estate is 80% pre leased. Town Square real estate is one million square feet on the south end of Las Vegas Boulevard. This commercial real estate in Las Vegas project is a joint venture between Turnberry Associates and Centra Properties. Construction has been started and continues until mid 2007 for completion.

Town Square real estate in Las Vegas on Las Vegas Boulevard is located at the I-15 and the 215 Beltway. The leasing agent for the Las Vegas commercial property says that negotiations are currently underway for about half of the remaining 200,000 square feet of available commercial retail space.

More than a dozen restaurants and 150 shops will complete commercial Town Square real estate. This entertainment and shopping destinations will include 352,000 square feet of class A office space, multiplex cinema, children’s entertainment destination and a concert venue.

Current signed leases at Town Squareare from Eddie Bauer, Sapporo, Skechers, Victoria’s Secret and Whole Foods. Other tenants include Cold Stone Creamery, Crabtree & Evelyn, Yardhouse, 24-hour Fitness, Bath & Body Works, Coffee Beanery, Cache, the Body Shop, Express, Enerjuicer, Texas de Brazil, Limited Too, Solstice, Showcase Slots, Occhaiali da Sole, the Grape and the Sports Shop.

Las Vegas Town Square leasing agent has a number of other Las Vegas-area assignments. The firm serves as leasing consultant for Boulevard Invest, the ownership of the 475,000 square foot Desert Passage in Aladdin Las Vegas entertainment and retail center. In addition, the company has the leasing assignment for the 300,000 square feet of retail space that will be developed as part of the $2-billion Cosmopolitan Las Vegas condos and the 50,000 square feet of commercial real estate being developed as part of the Sky Las Vegas condominium development.

Call 702-505-6988 for VIP Las Vegas commercial real estate representation by a Las Vegas real estate agent.

Selling, buying or refinancing a piece of Las Vegas Real Estate today? Visit Fine Homes Real Estate for more information and VIP representation by a Las Vegas Luxury Real Estate REALTOR for investment Las Vegas Real Estate, 1031 exchange, condos such as Trump Towers Las Vegas, Turnberry Towers, Allure, Panorama Tower, The Signature MGM Residences, W Residences, RED Rock real estate, commercial, residential and Las Vegas land.

Town Square commercial real estate in Las Vegas is 80% pre leased of its one million square feet of retail space.