1. August 2009
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C omm erce CR G / C us hma n & Wake f ie ld -
A sset Recove r y Se r v i c e
David L. Jewkes
David Jewkes the Executive Director of Asset Recovery Services
(ARS) for CCRG / Cushman & Wakefield in Las Vegas announces
an increase of assets in the ARS portfolio and markets served. The
past month seven (7) more commercial real estate assets (242,000
square feet) have been added to the Asset Recovery Services
portfolio handled by the CCRG team; these properties are mostly
retail centers that have CMBS funded loans that are now under
default and require court appointed receivership supervision through
the foreclosure process or sale. These assignments require the
expertise of the entire CCRG team, from preliminary market value
surveys, court receiver appointment, rapid property management I N T H IS ISSUE
takeover, strategic leasing including tenant lease modifications, and
the development of an overall asset strategy reflecting the current
ART ICLE:
market conditions and positioning the assets for maximum recovery “O p Ex Award ” Goe s To...
in the sale disposition process. The Asset Recovery Services group Kris tie A cke rs on of Comme rce C RG
is now handling key assets in Salt Lake and Southern California.
The client profile of these assignments remains primarily the national MON T H LY T RANSACT IONS:
July 2009
lenders who were active in the CMBS financing arena during the TRANSACTIONS
last 6 years. It is anticipated that the non-performance of these type
of loans will continue to compress the values of most commercial
investment property types, but the most affected to date has been AS GOLD AS I T GE TS:
in the retail sector, lead by the unanchored strip centers that were TOUR NEAVADA’S LISTING MINE IN
SEA R CH O F P R IME R EA L ESTATE
either developed or refinanced during the last 3.5 years. There will
be an overall “resetting of retail” to rent levels and investment returns
to 2003 or earlier levels during the next few months.
3800 Howard Hughes Parkway, Suite 1200 • Las Vegas, NV 89169 • Tel 702.796.7900 | Fax 702.796.7920 • www.commercecrg.com
2. AS GOLD AS IT GETS - INDUSTRIAL LISTINGS
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6225 W Mojave Dr. - Bldg 2325 Western Avenue 2770 S Highland Dr 3380 ST Rose Parkway - Sublease
Las Vegas, NV 89120 Las Vegas, NV 89102 Las Vegas, NV 89109 Henderson, NV 89052
Bldg SF: 24,720 Bldg SF: 12,775 Bldg SF: 21,625 Bldg SF: 14,400
Available SF: 8,500 Available SF: 3,000 Available SF: 21,625 Available SF: 14,400
Listor: Bill Walsh Listor: Bill Walsh Listor: Gina Moore/Susan Borst, CCIM Listor: Gina Moore
6721 South Eastern Avenue 4020 E Lone Mountain Rd - Sublease 500 E Cheyenne Avenue 2910-3000 Highland Park Dr.
Bldg SF: 22,840 North Las Vegas, NV 89081 North Las Vegas, NV 89030 Las Vegas, NV 89109
Available SF: 22,840 Bldg SF: 44,457 Bldg SF: 15,650 Bldg SF: 157,920
Listor: Susan Borst Available SF: 12,390 Available SF: 15,650 Available SF: 1,559
Listor: Selena A Perez Listor: Bill Walsh Listor: Gina Moore, Jennifer Levine
5325 S Valley View Blvd Blue Diamond Business Park Cheyenne Commerce Center Craig Commerce Center
Las Vegas, NV 89118 4120 W Windmill Ln 570-740 Cheyenne Ave 2625 E Craig Rd
Bldg SF: 44,669 North Las Vegas, NV 89139 North Las Vegas, 89115 North Las Vegas, NV 89030
Available SF: 1,360 Bldg SF: 287,500 Bldg SF: 203,424 Bldg SF: 128,845
Listor: Selena A Perez Available SF: 37,500 Available SF: 51,671 Available SF: 26,008
Listor: Selena A Perez Listor: Ed Aragon/Tom Elkington Listor: Ed Aragon/Tom Elkington
Desert Inn Commerce Center Encore Productions Bldg Gomes Industrial Park 4225 Fidus Dr - Bldg
3202-3228 W Desert Inn Rd 5150 S Decatur Blvd 5360 S Cameron Street Las Vegas, NV 89120
Las Vegas, NV 89102 Las Vegas, NV 89030 Las Vegas, NV 89118 Bldg SF: 26,237
Bldg SF: 55,200 Bldg SF: 62,814 Bldg SF: 11,000 Available SF: 4,560
Available SF: 11,589 Available SF: 9,600 Available SF: 1,050 Listor: Bill Walsh
Listor: Leo Biedermann Listor: Gina Moore/Michael Dunn Listor: Bill Walsh
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3. AS GOLD AS IT GETS - INDUSTRIAL LISTINGS
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Losee Industrial Park 7310 Smoke Ranch Rd Meadeworks Palms Business Center North
2710 Losse Rd Las Vegas, 89128 2900 Meade Avenue 2901-2919 Meade Ave
North Las Vegas, NV 89030 Bldg SF: 89,583 Las Vegas, NV 89102 Las Vegas, NV 89102
Bldg SF: 68,829 Available SF: 24,841 Bldg SF: 9,055 Bldg SF: 92,087
Available SF: 21,692 Listor: Ed Aragon / Tom Elkington Available SF: 1,458 Available SF: 15,363
Listor: Edward Aragon/Tom Elkington Listor: Leo Biedermann Listor: Leo Biedermann
4405 E Sahara Ave Patrick Commerce Center Bldg 1 Sharp Industrial Shea at Sunset
Las Vegas, 89121 2875 E Patrick 1102 Sharp Circle 3644 E Sunset Road
Bldg SF: 72,548 Las Vegas, NV 89120 North Las Vegas, NV 89030 Las Vegas, NV 89120
Available SF: 29,132 Bldg SF: 153,521 Bldg SF: 9,600 Bldg SF: 14,143
Listor: Ed Aragon / Tom Elkington Available SF: 29,332 Available SF: 9,600 Available SF: 14,143
Listor: Gina Moore Listor: Bill Walsh Listor: Lisa Brady
Speedway Commerce Center The Spectrum of Las Vegas 3019 Meade Ave Trident Industrial Park
Las Vegas, NV 89115 Las Vegas, NV 89101 Las Vegas, NV 89102 North Las Vegas, NV 89030
Bldg SF: 1,374,093 Bldg SF: 193,312 Bldg SF: 3,990 Bldg SF: 130,100
Available SF: 510,629 Available SF: 129,700 Available SF: 3,990 Available SF: 19,989
Listor: Edward Aragon/Tom Elkington Listor: Edward Aragon/Tom Elkington Listor: Leo Biedermann Listor: Ed Aragon/Tom Elkington
6180 S Pearl. Bldg 14 2943 Lamb Blvd
Las Vegas, NV 89120 North Las Vegas, 89115
Bldg SF: 140,540 Bldg SF: 8,000
Available SF: 44,200 Available SF: 8,000
Listor: Susan Borst, CCIM Listor: Susan Borst, CCIM
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4. AS GOLD AS IT GETS - OFFICE LISTINGS
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101Convention Center Dr - Plaza 101 Convention Center DR - Tower 201 S Las Vegas Boulevard 2200 Paseo Verde Pkwy # 150-190 SL
Las Vegas, NV 89109 - Sublease Las Vegas, NV 89109 - Sublease Las Vegas, NV 89101 Henderson NV
Bldg SF: 106,002 Bldg SF: 186,876 Bldg SF: 39,624 Las Vegas, NV 89121
Available SF: 6,989 Available SF: 2,120 Available SF: 8,636 Bldg SF: 11,307
Listor: Lisa Brady Listor: Lisa Brady Listor: Liz Clare, CCIM Available SF: 11,307
Listor: Michael Dunn, CCIM SIOR/
Monty Montierth, CCIM
5054 Bond Street 514 South 7th Street 3199-3277 E Warm Springs Rd 921 S Las Vegas Blvd
Las Vegas, NV 89118 Las Vegas, NV 89101 Las Vegas, NV 89120 Las Vegas, NV 89101
Bldg SF: 4,317 Bldg SF: 1,648 Bldg SF: 47,283 Bldg SF: 11,171
Available SF: 4,317 Available SF: 1,648 Available SF: 21,292 Available SF: 5,000
Listor: Michael Dunn, CCIM, SIOR Listor: Lisa Brady Listor: David Afromsky / Bob Hawkins Listor: Liz Clare, CCIM
1412 South Jones Blvd 4101 E Charleston Blvd 8751 W Charleston Blvd 4020 - 4080 E Russell Rd
Las Vegas, NV 89146 Las Vegas, NV 89104 Las Vegas, NV Las Vegas, NV 89120
Bldg SF: 3,049 Bldg SF: 155,211 Bldg SF: 51,048 Bldg SF: 48,415
Available SF: 3,049 Available SF: 24,014 Available SF: 5,139 Available SF: 48,415
Listor: Lisa Brady Listor: David Afromsky Listor: Bob Hawkins Listor: Lisa Brady
Prestige Executive Office 8311 -8395 W Sunset Rd 670 S Green Valley Parkway 630 Trade Center Dr - Sublease
6175 Spring Mountain Rd Las Vegas, NV 89113 Henderson, NV 89052 Las Vegas, NV 89119
Las Vegas, NV 89146 Bldg SF: 257,782 Bldg SF: 15,600 Bldg SF: 12,077
Bldg SF: 32,798 Available SF: 51,503 Available SF: 15,600 Available SF: 12,077
Available SF: 3,623 Listor: Monty Montierth, CCIM Listor: Bob Hawkins/David Afromsky Listor: Liz Clare, CCIM
Listor: Selena A. Perez Michael Dun, CCIM, SIOR
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5. AS GOLD AS IT GETS - OFFICE LISTINGS
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3980 Howard Hughes Pkwy - Sublease 7501 Trinity Peak Dr 2900 South Ranch Dr 110 City Parkway
Las Vegas, NV 89169 Las Vegas, NV Las Vegas, NV 89102 Las Vegas, NV 89101
Bldg SF: 86,018 Bldg SF: 73,804 Bldg SF: 11,384 Bldg SF: 100,000
Available SF: 8,938 Available SF: 5,668 Available SF: 3,505 Available SF: 1,945
Listor: Michael Dunn, CCIM, SIOR Listor: Michael Dunn, CCIM, SIOR Listor: Leo Biedermann Listor: Keith W Bassett
Monty Montierth, CCIM
6180 West Viking Road 2950 South Rancho Dr 4840-4880 W University Avenue 7361-7365 Praire Falcon
Las Vegas, NV 89103 Las Vegas, NV 89102 Las Vegas, NV 89103 Las Vegas, NV 89128
Bldg SF: 8,889 Bldg SF: 24,537 Bldg SF: 22,448 Bldg SF: 22,928
Available SF: 8,889 Available SF: 8,185 Available SF: 6,465 Available SF: 7,520
Listor: Keith Basset/Lisa Brady Listor: Leo Biedermann Listor: Bob Hawkins/David Afromsky Listor: David Afromsky
1820 -1850 E Sahara Avenue 5041 N Rainbow Blvd 3301 North Buffalo Dr - #100 3883 Howard Hughes #1200
Las Vegas, NV 89104 Las Vegas, NV 89130 Las Vegas, NV Las Vegas, NV 89169
Bldg SF: 59,704 Bldg SF: 14,590 Bldg SF: 32,450 Bldg SF: 238,957
Available SF: 14,301 Available SF: 14,590 Available SF: 3,844 Available SF: 6,698
Listor: Monty Montierth, CCIM Listor: Carolyn Curtis, CCIM Listor: Michael Dunn, CCIM, SIOR/ Listor: Michael Dunn, CCIM, SIOR
Monty Montierth, CCIM
1785 E. Sahara 6795 Edmond St- Bldg G2 530 S Las Vegas, Blvd 2755 Desert Inn Rd #180 - Sublease
Las Vegas, NV 89104 Las Vegas, NV 89148 Las Vegas, NV 89101 Las Vegas, NV
Bldg SF: 76,590 Bldg SF: 75,905 Bldg SF: 76,494 Bldg SF: 28,000
Available SF: 23,149 Available SF: 7,536 Available SF: 10,000 Available SF: 4,034
Listor: Carolyn Curtis, CCIM Listor: Michael Dunn, CCIM, SIOR Listor: Carolyn Curtis, CCIM Listor: Michael Dunn, CCIM, SIOR/
Monty Montierth, CCIM Monty Montierth, CCIM
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6. AS GOLD AS IT GETS - OFFICE LISTINGS
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Centennial Corporate Center South Pointe Bank of America Plaza Sterling Park
7495 W Azure Dr 255 E. Warm Springs - Sublease 300 S. 4th Street 7548 W. Sahara - Sublease
Las Vegas, NV 89130 Las Vegas, NV 89119 Las Vegas, NV 89101 Las Vegas, NV 89117
Bldg SF: 27,932 Bldg SF: 5,282 Bldg SF: 255,543 Bldg SF: 12,000
Available SF: 18,070 Available SF: 5,282 Available SF: 33,677 Available SF: 4,800
Listor: Bob Hawkins Listor: Bob Hawkins Listor: Keith Bassett Listor: Michael Dunn, CCIM, SIOR
Monty Montierth, CCIM
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7. AS GOLD AS IT GETS - LAND LISTINGS
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815 Martin Luther King Blvd Lamb and Alto 923 3rd Street 3431 N Rancho Dr
Las Vegas, NV 89106 Las Vegas, NV 89115 Las Vegas, NV 89101 Las Vegas, NV 89108
Total Acres: 0.82 Total Acres: 6.00 Total Acres: 0.32 Total Acres: 0.551
Listor: Jacqueline Young Listor: Gina Moore/Jennifer Levine Listor: Lisa Brady Listor: Dan Hubbard
Craig Connection 1490 E Wilson Road 10835 S Eastern Avenue - Pad/Sublease NEC of Alto Ave & Betty Lane
Craig and Simmons Pahrump, NV 89048 Henderson, NV 89052 Las Vegas, NV 89156
Las Vegas, NV 89115 Total Acres: 0.62 Total Acres: 0.53 Total Acres: 34
Total Acres: 1.16 Listor: Dan Hubbard Listor: Jacqueline Young Listor: Bill Walsh
Listor: Dan Hubbard
NEC Fort Apache & Maule NEC Buffalo & I-215 - Build-to-Suit Catus and Decatur NWC of Pebble & Rainbow
Las Vegas, NV 89148 Las Vegas, NV 89113 Las Vegas, NV 89139 Las Vegas, NV
Total Acres: 4.3 Total Acres: 9.55 Total Acres: 2.50 Total Acres: 1.97
Listor: Garry Cuff, CCIM Listor: Jacqueline Young/Dan Hubbard Listor: Bob Hawkins Ground Lease Retail
Gary Banner, CCIM, CRE Selena A. Perez
264-13-401-001 - Laughlin Land Tolentino Rd & Bledsoe Ln 6710 Surrey St 4533 Production Ct
Laughlin Las Vegas, NV 89156 Las Vegas, NV 89119 Las Vegas, NV 89115
Total Acres: 12.62 Total Acres: 0.38 Total Acres: 0.51 Total Acres: 0.65
Great Hotel/ Casino Site Listor: Jennfer Levine/ Gina Moore Listor: Jennfer Levine/ Gina Moore Listor: Jennfer Levine/ Gina Moore
Listor: Lisa Brady
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8. AS GOLD AS IT GETS - APARTMENTS LISTINGS
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Desert Aire Apartments
1076-1112 Sierra Vista Dr
Bldg SF: 27,150
Listor: Garry Banner, CCIM, CRE
Colistor: Garry Cuff, CCIM
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9. AS GOLD AS IT GETS - RETAIL LISTINGS
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1540 S Rainbow Blvd Fort Apache Center Big Lots - Sublease Canyon Lakes Plaza
Las Vegas, NV 89146 4199-4235 S Fort Apache Rd 8140 South Eastern 9002-9232 West Sahara Ave
Bldg SF: 21,122 Las Vegas, NV 89147 Las Vegas, NV 89123 Las Vegas, NV 89117
Available SF: 21,122 Bldg SF: 26,600 Bldg SF: 42,108 Bldg SF: 103,579
Listor: Lisa Brady Available SF: 5,250 Available SF: 11,156 Available SF: 9,149
Listor: Dan Hubbard Listor: Jacqueline Young Listor: Liz Clare, CCIM
Centra Point Wesgate Plaza Charleston Plaza Decatur Blvd & I-215 (NWC)
8349-8359 West Sunset Rd 220 E Warm Springs Rd 1716-1854 East Charleston Blvd 5031 Wagon Trail Ave
Las Vegas, NV 89113 Las Vegas, NV Las Vegas, NV 89104 Las Vegas, NV 89118
Bldg SF: 3,607 Bldg SF: 18,560 Bldg SF: 268,850 Bldg SF: 29,400
Available SF: 5,003 Available SF: 8,200 Available SF: 136,977 Available SF: 29,400
Listor: Dan Hubbard Listor: Dan Hubbard Listor: Dan Hubbard Listor: Jeff Mitchell/Gina Morre
Decatur Crossing Center Centennial Square 601-699 North Stephanie Street Barcelone Plaza
220 S Decatur Blvd Bldg B 6410 N Durango Dr. Henderson, NV 89104 8751 W Charleston
Las Vegas, NV 89107 Las Vegas, NV Bldg SF: 228,841 Las Vegas, NV 89117
Bldg SF: 193,042 Bldg SF: 40,479 Available SF: 11,223 Bldg SF: 51,048
Available SF: 29,545 Available SF: 34,136 Listor: Dan Hubbard Available SF: 18,338
Listor: Jeff Mitchell/Dan Drake Listor: Dan Hubbard/Bob Hawkins Listor: Dan Hubbard
4280 S. Hualopai Way 116 N 3rd Street 4620 East Flamingo 2650 W Horizon Ridge Pkwy
Las Vegas, NV 89147 Las Vegas, NV 89101 Las Vegas, NV 89121 Henderson, NV 89052
Bldg SF: 26,218 Bldg SF: 8,418 Bldg SF: 3,852 Bldg SF: 136,142
Available SF: 1,500 Available SF: 8,418 Available SF: 1,300 Available SF: 3,594
Listor: Jacqueline Young Listor: Liz Clare, CCIM Listor: Lisa Brady Listor: Dan Hubbard
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10. AS GOLD AS IT GETS - RETAIL LISTINGS
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Eastern Hills Center 3400 Centennial Pkwy 6470 Boulder Hwy 2400 South Jones Blvd
10835 S Eastern Ave Las Vegas, NV 89086 Las Vegas, NV 89121 Las Vegas, NV 89146
Henderson, NV 89052 Bldg SF: 71,475 Bldg SF: 40,418 Bldg SF: 33,137
Bldg SF: 68,000 Available SF: 71,475 Available SF: 40,418 Available SF: 17,150
Available SF: 68,000 Listor: Liz Clare, CCIM / Jacqueline Young Listor: Ed Aragon / Tom Elkington Listor: Selena A Perez
Listor: Selena A. Perez
8560 West Lake Mead - Sublease Black Mountain 249 Stephanie St - Old Ethan Allen 150 North Las Vegas Boulevard
Las Vegas, NV 89128 72-76 Horizon Ridge Pkwy Hendeson, NV 89074 Las Vegas, NV 89101
Bldg SF: 9,814 Henderson, NV Bldg SF: 14,936 Bldg SF: 12,000
Available SF: 9,814 Bldg SF: 38,373 Available SF: 14,936 Available SF: 7,673
Listor: Jacqueline Young Available SF: 8,352 Listor: Lisa Brady Listor: Liz Clare, CCIM
Listor: Liz Clare, CCIM
6875 W Russell Rd 4241 S Nellis Blvd - Sublease 1001 S 1st Street 620 S Green Valley Pkwy - Pad
Las Vegas, NV 89118 Las Vegas, NV 89121 Las Vegas, NV 89101 Henderson, NV 89054
Bldg SF: 4,800 Bldg SF: 3,993 Bldg SF: 200,000 Bldg SF: 79,760
Available SF: 1,200 Available SF: 1,992 Available SF: 200,000 Available SF: 79,760
Listor: Lisa Brady Listor: Dan Hubbard Listor: Liz Clare, CCIM Listor: Dan Hubbard
Boulevard Mall - Dillard’s 200 East Lake Mead 9575 W Tropicana Plaza Pacific Asian Plaza
3700 Maryland Pkwy Henderson, NV 89015 Las Vegas, NV 89148 5115 Spring Mountain
Las Vegas, NV 89119 Bldg SF: 113,538 Bldg SF: 17,165 Las Vegas, NV 89103
Bldg SF: 200,000 Available SF: 24,870 Available SF: 2,465 Bldg SF: 132,433
Available SF: 200,000 Listor: Dan Hubbard Listor: Dan Hubbard Available SF: 16,207
Listor: Jacqueline Young / Desiree Crisp Listor: Liz Clare, CCIM/Jacqueline Young
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11. AS GOLD AS IT GETS - RETAIL LISTINGS
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Pecos Plaza JUHL - Retail Space Lake Mead Marketplace Longford Shoppes at Southern Hills
3317-3375 E Russell Rd 353 East Bonneville Avenue 6136-6150 Lake Meade Blvd 6565 S Fort Apache Rd - Bldg A-SWC
Las Vegas, NV 89120 Las Vegas, NV 89101 Las Vegas, NV 89108 Las Vegas, NV 89148
Bldg SF: 81,698 Bldg SF: 18,460 Bldg SF: 117,105 Bldg SF: 52,602
Available SF: 67,278 Available SF: 18,460 Available SF: 9,905 Available SF: 49,259
Listor: Dan Hubbard Listor: Liz Clare, CCIM Listor: Jeff Mitchell/Dan Drake Listor: Jacqueline Young /Dan Hubbard
Contact us for more
information on these
properties or other listings:
Longford Shoppes at Summerlin Mahacamu Marketplace Mesquite Plaza COMMERCE CRG
7591-7595 W Washington Ave 60 & 90 South Stephanie 300, 330, 360 N Sandhill Blvd Phone: 702.796.7900
Las Vegas, NV 89128 Henderson, NV 89012 Mesquite, NV 89027
Bldg SF: 16,148 Bldg SF: 18,973 Bldg SF: 24,668 Fax: 702.793.7920
Available SF: 4,685 Available SF: 1,371 Available SF: 6m338
Listor: Jacqueline Young/Dan Hubbard Listor: Liz Clare, CCIM/Dan Hubbard Listor: Dan Hubbard
Smarty’s ii Gas Station, Car Wash & C-Store
228 Las Vegas, NV 89101
Bldg SF: 2,578
Available SF: 2,578
Listor: Ed Borst
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