CREXi Completes $63M Las Vegas Portfolio Auction

CREXi Completes $63M Las Vegas Portfolio Auction

Marina Del Rey, CA-based CREXi concluded the online auction of 11 properties on behalf of Clark County, NV. Bidders in the $63 million total sale included private investors, developers and multiple publicly-traded builders and REITs, with heavy competition continuing...
Clarion Acquires Reno’s Lear Industrial Center for $117M

Clarion Acquires Reno’s Lear Industrial Center for $117M

Clarion Partners LLC has acquired Lear Industrial Center in Reno, NV, for $117 million. The seller, Panattoni Development Company, originally developed the four-building, Class A, multi-tenant business park totaling 1.4 million square feet between 2005 and 2008. The...
Macy’s to close 125 stores, but none in Nevada

Macy’s to close 125 stores, but none in Nevada

Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. No Nevada stores were on the closure list. The store closures...
In bustling Henderson, it’s ‘go time’ for developers

In bustling Henderson, it’s ‘go time’ for developers

As president and CEO of the Henderson Chamber of Commerce, Scott Muelrath is no stranger to construction sites. Wherever he is in Henderson these days, Muelrath typically isn’t far from a building project. This day, he’s at the construction site for the Las Vegas...