The Notes: Commercial Real Estate, Dec. 13-19

Ray Germain

Ray Germain

Brian Fike

Brian Fike

John Sanders

John Sanders

Ray Germain, a retail and net-lease specialist, is an associate vice president of investments at Marcus & Millichap.

MDL Group joined CORFAC International as a domestic affiliate and will cover Southern Nevada. CORFAC International is made up of privately held entrepreneurial firms with expertise in office, industrial, retail, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Hayim Mizrachi, president and principal of MDL Group/CORFAC International, is the principal point of contact to CORFAC International and manages MDL Group’s brokerage services practice. MDL Group was co-founded in 1989 by Carol Cline-Ong and Curt Anderson. In 2014, the firm closed more than $70 million in transactions.

Brian Fike is vice president of investment services at Colliers International-Las Vegas. He represents buyers, sellers, tenants and developers of net-leased investments.

Brenda Olson is an associate with Gatski Commercial’s retail properties division of brokerage services. Olson specializes in retail assets including ground-up development, acquisitions, and landlord and tenant representation.

John Sanders is assistant vice president of commercial real estate sales at Chicago Title Insurance Co. of Nevada.

Greg Jubinville is a project manager at DC Building Group.

DC Building Group and QAF Investments broke ground on the Rainbow-Santoli Commercial Center at Rainbow Boulevard and Santoli Avenue. DC Building Group moved into a 6,000-square-foot corporate office at 101 E. Warm Springs Road, which replaces its former 4,000-square-foot space at 6110 Elton Ave. In addition, DC Building Group is the construction manager at risk (CMAR) for an expansion of the Englestad Campus Thomas & Mack Building at Opportunity Village. The nearly 38,000-square-foot expansion and 10,000-square-foot interior renovation has an estimated project value of $5 million.

Tina D. Taylor, vice president investment specialist at Marcus & Millichap, had the exclusive listing to market Taco Bell Store No. 35, a 2,478-square-foot net-leased property. It sold for $2.88 million.

Sandy Olson, vice president and general counsel of Roche Constructors, is a management member of the Occupational Safety and Health Administration for Nevada. She was appointed by Gov. Brian Sandoval and previously served as the alternate member on the board.

Kim Kurtz-Ferraro is a project manager at Roche Constructors. She has 16 years of experience as an estimator, project manager and project engineer.

The Nevada Department of Transportation awarded Kiewit Infrastructure West Co. a $559.4 million contract for Project Neon, a 3.7-mile widening of Interstate 15 between Sahara Avenue and the Spaghetti Bowl. Construction is scheduled to begin in the first quarter of 2016, with completion in 2019.

Members of the 2016 Commercial Alliance Las Vegas board of directors include president Soozi Jones Walker, Commercial Executives Real Estate Services; immediate past president Bobbi Miracle, Commercial Executives Real Estate Services; president-elect Jennifer Ott, ROI Commercial Real Estate; treasurer Paul Bell, Berkshire Hathaway HomeServices Nevada Properties; director Robin Civish, ROI Commercial Real Estate; director Cathy Jones, Sun Commercial Real Estate; director Tom Lisiewski, Your Real Estate Co., Commercial Marketing Group; and director Tedd Rosenstein, Nevada Development and Realty Company. Commercial Alliance Las Vegas is the commercial real estate division of the Greater Las Vegas Association of Realtors.

The D Las Vegas opened an 11,000-square-foot meeting and convention space on the 12th floor of the hotel. Owners also renovated the ballroom, breakout rooms, an outdoor terrace, “Man Cave” party rooms and a fitness and business center.

Majestic Realty Co. was named NAIOP 2015 Developer of the Year. Majestic is the largest privately held industrial developer in the country. During the past year, it completed nine buildings, adding more than 6 million square feet and increasing its ownership portfolio to 78 million square feet.

Caesars Palace Las Vegas is transforming the Roman Tower into the Julius Tower. The $75 million renovation is designed by Michael Medeiros of KNA Design and is expected to by complete by January.

USI, a construction services provider of installed insulation, acquired Silver State Specialties, a North Las Vegas full-line insulation and specialty services contractor. Bill Ickes, founder of Silver State Specialities, will helm the new USI Silver State.

DRA Advisors LLC acquired Village Square, a 250,000-square-foot, open-air retail, dining, entertainment and professional office center at 9400 W. Sahara Ave. Sentinel will continue to manage the property.

Southern Nevada CCIM Chapter honored six members who earned the Certified Commercial Investment Member designation: Antone Brazill, principal at Brazill Real Estate; C. Roger Jeffries, investment sales associate at Sun Commercial Real Estate; Paula Lea, associate at Cushman & Wakefield Commerce; Eric Molfetta, senior associate at Colliers International; Jennifer Ott, executive vice president of retail at ROI Commercial Real Estate; and Salina Ramirez, commercial agent at Commercial Executive Real Estate Services.

Dapper Companies, headed by real estate broker and developer J Dapper, purchased three properties in the Huntridge area of downtown Las Vegas: the Huntridge Shopping Center, 1120 E. Charleston Blvd., about 62,000 square feet, purchased for $5.2 million; 602 S. Maryland Parkway, including 12,000 square feet of retail space and a fourplex, purchased for $775,000; and 630 S. 11th St., about 5,000 square feet of retail space, purchased for $415,000. Dapper and his companies are remodeling the properties.

Benjamin Tarsi is a real estate analyst at CommCap Advisors.

Cushman & Wakefield/Commerce hired 10 brokers: Jennifer Levine and Elizabeth Moore are directors of industrial properties. Jayne Cayton, senior director, and Matt Kreft, senior associate, focus on tenant prospecting, landlord representation and lease negotiation of office properties. Carl Sims, executive director and multi-family specialist, and Taylor Sims, director, are a multifamily investment team. Nicholas Barber and Jeremy Foley, directors, specialize in the leasing and sale of office and retail properties. Lauren Tabeek, director, represents retail clients, specializing in leasing, sales, valuation and financial analysis. And Jason Park, associate, joined the retail team of Dan Hubbard and Todd Manning. In addition, Brittany Kemer joined the company as branch operations coordinator, and Dan Palmeri was promoted to senior director.

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