The $850 million project near the Las Vegas Strip is designed to have no on-site gambling and no smoking.
Majestic Las Vegas is scheduled to begin construction this summer and be completed in 2024.
A pair of land use proposals submitted to Clark County revealed that Boring’s new plan includes two routes on and around the Las Vegas Strip. One route would transport people to dozens of casino hotels on the Strip, Allegiant Stadium, McCarran International Airport and downtown Las Vegas. The other line would connect every Caesars-owned resort in the city, including Caesars Palace, Paris Las Vegas, the LINQ, Bally’s, The Cromwell, Harrah’s and Planet Hollywood Resort.Read More
Congratulations to the Graski Retail Team of ROI Commercial Real Estate for making this possible.Read More
Target opens it's first “small-format” store and the 15th store in the Las Vegas area, spans around 20,000 square feet and is located where the Smith & Wollensky steakhouse building formerly stood.
ROI Commercial Real Estate founder Dan Adamson, who represents Target locally in finding new sites, said the Strip made sense for the company because of the density of tourists strolling Las Vegas Boulevard’s sidewalks.Read More
Robin Civish, CCIM - the President of Commercial Alliance Las Vegas and member of the Boyer-Civish Team at ROI Commercial, told 8 News Now about how the position of development projects in the southwest could help retail businesses pick back up.Read More
ROI Commercial's Carina Roper and the Graski Retail Team were selected as the 1st Quarter 2020 winners of the CoStar Power Broker - Top Retai Leases category. Beginning this year, CoStar is recognizing the largest leases completed each quarter and the dealmakers who made them happen in their respective market.
This gated master-planned community located in Craig Ranch offers four new home collections and many ameniteis such as a 3.5-acre community park and over 5 miles of walking trails.Read More
New Year, new location!
Dutch Bros opened it's newest location at 4360 N. Rancho Drive near Craig Road.
Additional stores expected to open soon are located in:
Hear what JLL Americas research director James Cook has to say about Area15's new dining, entertainment and retail space on his podcast "Where We Buy."Read More
Todd English joins Area 15!
Here is a look at 18 of the biggest restaurant openings coming to Las Vegas this year from celebrity chefs such as Thomas Keller, Wolfgang Puck, Buddy Valastro, David Chang, Gordon Ramsay, and so many more!
Our very own Robin Civish, CCIM shares her thoughts on commercial real estate outlook in this article published by Nevada Business Press:
In commercial real estate, rising population and growth in retail sales may spur development of more shopping center space in Southern Nevada, says Robin Civish, president of Commercial Alliance of Las Vegas, a professional group for the commercial real estate sector.
“Because of the lack of retail development since the end of the recession, vacancy has continued to decline to as low as 6.5 percent overall in Las Vegas,” Civish says. “Prime retail spaces are hard to find. The majority of the vacancy is in vacant big-box spaces and poorly positioned strip centers.” As vacancies have declined, rents in some areas are moving up.
Read full article hereRead More
Deron Conway represented Big Lots in the lease at Sahara and Decatur.Read More
Dan Adamson has leased Taiwanese pastry chain, 85°C Bakery Cafe at Shanghai Plaza which opens December 6.Read More
Black Bear Diner and Chick-Fil-A join the restaurant lineup along this Craig Rd corridorRead More
Congresswoman Susie Lee joins ROI Commercial's Dan Adamson, Jennifer L Ott and other ICSC local members in a tour of The District at Green Valley Ranch last August 19.
ICSC Legislator Site Visits are designed to educate legislators on trends and issues facing the retail real estate industry.Read More
It’Sugar, the largest specialty candy retailer in the world, has opened a new location at Grand Bazaar Shops - an outdoor district located on the Las Vegas Strip at the entrance to Bally's Las Vegas.Read More
First out-of-state expansion of California Fish Grill coming soon at Rainbow Commons located at Rainbow and Sunset.Read More
Commercial Alliance Las Vegas (CALV) elects Cathy Jones (Sun Commercial Real Estate) as president of the commercial real estate organization starting Jan. 1.
Other members of the 2019 CALV Board of Directors, including their professional designations, their company and their position on the CALV board, include:
Article quotes Brian on the opening of Cipriani and Urth Cafe at Wynn Plaza
Both restaurants have large, loyal followings and should do well locally, said Brian Sorrentino of Las Vegas area commercial real estate firm ROI.
“They will become an amenity to the resort,” Sorrentino said.Read More
Since 1988, the Greater Las Vegas area’s CCIMs have organized as the Southern Nevada CCIM Chapter, a group that welcomes CCIMs, CCIM candidates (those working toward the designation) and non-CCIM industry affiliates as members. Anyone can join the chapter and at any time. Today, membership exceeds 250 individuals.
(Photo: Nevada Business)
Sprouts Farmer's Market and Del Taco join tenant mix at Rainbow PlazaRead More
Planned retail at Sunset & Rainbow SEC - In N Out and 7-Eleven join the tenant mixRead More
Dan Adamson represented Target on the purchase of the former Smith &Wollensky building on the Strip. The small-format Target store will open in 2020.Read More
The Las Vegas resort corridor has recently proven itself a place for brands to test product success with people from all over the world, said Brian Sorrentino of Las Vegas area-based ROI Commercial Real Estate. “At the end of the day, to be successful online, you have to have a store,” Sorrentino said.Read More
LAS VEGAS (KSNV News3LV) — An empty lot now, but within a year the experts say the area near Saint Rose Parkway and Amigo Street will be bustling, and residents near the growing Inspirada development of Henderson are ready.
"We've been hearing about the Costco for over a year and we've been waiting," said one resident.
Now it's confirmed, A fifth Costco warehouse in Southern Nevada will break ground within months; the site already approved by the city.Read More
Specialty supermarket Seafood City will open its Henderson location next year and has plans for another spot in the Las Vegas Valley.
The Henderson location is inside an old Kmart near the intersection of Eastern Avenue and Horizon Ridge Parkway.
The Rainbow supermarket brings weekly shoppers to the Arroyo Market Square, said Kit Graski, director at the ROI commercial real estate firm and a representative of the landlord.Read More
Both locations are located in Henderson - at 460 N Stephanie St (near Warm Springs) and 9925 S Eastern Ave (just north of St Rose Pkwy)Read More
Brian Sorrentino was interviewed by New3LV in connection with the opening of furniture retailer Living Spaces at Boca ParkRead More
Jim Hill represented the seller, UFC, in the sale of 5,139 SF building located at 2970 W Sahara Ave. Other UFC portfolio which Jim is handling include 4,002 SF building at 2880 W. Sahara is listed for $1.7 million and its main building – a 22,897-square-foot property at 2960 W. Sahara with underground parking, a gym and a professional kitchen – is listed for $11 million.
Dan Adamson represented both the buyer and seller in the sale of 100,831 SF retail property located at 1941 N. Decatur Boulevard in Las Vegas. (Photo: Power Broker Confidential)Read More
Todd Boyer represented Black Bear Diner in the purchase of the property located at 7680 Las Vegas Blvd. South near the intersection with Warm Springs Road. This location will be Black Bear Diner's fourth Las Vegas store which is scheduled to open in the second quarter 2017.Read More
We are proud to be a part in bringing Chick-Fil-A to Las Vegas.
A few highlights on the Retail Trends:
Commercial volume fell 11% in 2016 based in large part to a 30% YOY decline in portfolio and entity-level transactions. Las Vegas jumped into the top 25 Most Active Markets YOY in 2016 due to three major mall transactions. Three of the top 10 property sales in the US were in Las Vegas (Fashion Show, Crystals and Miracle Mile Shops).
Find out about available commercial space. Compiled by Vegas Inc and ranked by the amount of available square feet as of Feb. 2017.Read More
A few highlights on the Retail Trends:
Commercial volume fell 11% in 2016 based in large part to a 30% YOY decline in portfolio and entity-level transactions
Las Vegas jumped into the top 25 Most Active Markets YOY in 2016 due to three major mall transactions
Three of the top 10 property sales in the US were in Las Vegas (Fashion Show, Crystals and Miracle Mile Shops)
Catch us at the Retail Brokers Network Booth #C111 Union St, Central Hall at the Las Vegas Convention Center
ROI is proud to be selected by CoStar Group, commercial real estate's leading independent research firm, as 2016 CoStar Power Broker Award - Top Leasing Firm for nine consecutive years. In addition, Dan Adamson, and Jim Hill was also selected for Costar Power Broker Award - Top Retail Leasing Brokers.
A complete list of the CoStar Power Broker Award winners for the Las Vegas market can be found here.