Summerlin Brochure
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10190 Covington Cross Drive, Las Vegas, NV Sublease Brochure 10-21-20 2020-10-22 17.37.08.Indd
PREMIER Class A Offi ce Building Las Vegas | Summerlin, Nevada “PLUG & PLAY” | FOR SUBLEASE CROSSING BUSINESS CENTER 10190 COVINGTON CROSS DRIVE • SUMMERLIN, NV 89144 AVAILABLE SPACE Creative sublease opportunity! Best offi ce location in the heart of Summerlin, the Las Vegas valley’s strongest submarket! • Space Available – Entire building available totaling 75,588 RSF – Sublease premises of Suite 100A, Suite 120 and entirety of Floors 2 & 3 totaling 58,894 RSF – Entire building can be leased or the building can be devisable for full fl oor users • Rate $30.00/RSF, Modifi ed Gross per year or $2.50/RSF, Modifi ed Gross per month • Available Immediately • Term – Sublease Term Through October 31, 2022 – Longer term direct lease also available directly through the Landlord • Parking Ratio Above standard parking ratio up to approximately 7/1,000 USF; reserved covered parking available • Furniture High-end, modern furniture systems available • Amenities – Outdoor Employee Courtyard – Close proximity to restaurants, shopping, golf courses, hotels, City National Arena practice facility for the Vegas Golden Knights Hockey Team and Las Vegas Ballpark – home of the Las Vegas Aviators Triple A baseball team – Easy access to Summerlin Parkway, I-215 Beltway and US-95 FLOOR 1 FLOOR 2 FLOOR 3 “PLUG & PLAY” | FOR SUBLEASE CROSSING BUSINESS CENTER 10190 COVINGTON CROSS DRIVE • SUMMERLIN, NV 89144 LEASING CONTACTS BRAD PETERSON RANDY BROADHEAD CBRE, Inc. Senior Vice President Senior Vice President Broker Lic. 00409987 +1 702 369 4809 +1 702 369 4867 3993 Howard Hughes Pkwy, Suite 700 [email protected] [email protected] Las Vegas, NV 89169 Lic. -
Hospitality Sales Hit New High in 2018
Research & Forecast Report LAS VEGAS | HOTEL Q4 2018 Hospitality Sales Hit New High in 2018 > As year’s end, hospitality sales volume was highest in four years > Gaming revenue continued to improve, hitting highest level Economic Indicators since 2007 AIR CONVENTION RevPAR > Visitor volume continued its downward trend Passengers Attendance You could say Southern Nevada’s hospitality sector in 2018 was +15.6 better than the 10-year average, but down from the past two years. +11.7% While this assessment is basically correct, it misses some important details. Visitor volume and room occupancy have decreased over the Nov +4.5% 2018 past two years after peaking in 2016, but gaming revenue, taxable sales and passenger traffic at McCarran International Airport were up over the same period. Southern Nevada looks to be experiencing a Market Indicators slight slowdown in post-recession growth, but not a significant reversal. Relative to prior period Q4 2018 Q1 2019* Visitor volume in October 2018, the most recent month of statistics Room Inventory available, was 35.4 million people year-to-date. This represented Room Occupancy year-over-year growth of negative 1.0 percent. Year-to-date, Average Daily Rate Southern Nevada had negative 1.2 percent growth in citywide occupancy, negative 0.1 percent growth in the Average Daily Room Revenue Per Available Room Rate (ADR) and negative 1.4 percent growth in Revenue Per Available *Data Not Available Room (RevPAR). Summary Statistics Revenue Per Available RevPARRoom (RevPAR) Las Vegas Market Q4 2017 Q3 2018 Q4 2018 $125.00 Room Inventory 141,853 142,182 142,781 $120.00 $115.00 Room Occupancy 84.0% 88.6% 91.4% $110.00 Average Daily Rate $125.11 $123.66 $142.43 $105.00 Revenue Per Available Room $105.53 $109.54 $130.18 $100.00 $95.00 4 Q 2016 1 Q 2017 2 Q 2017 3 Q 2017 4 Q 2017 1 Q 2018 2 Q 2018 3 Q 2018 Through September 2018, taxable sales in the leisure and hospitality Sales sector was $8.8 billion dollars. -
At Las Vegas Boulevard
LOGISTICENTER AT LAS VEGAS BOULEVARD Available for Pre-Leasing | Delivery Q2 2019 ±109,200 SF Speculative Distribution Building 3475 N. Las Vegas Blvd, Las Vegas, NV 89115 Dermody.com Susan Borst , CCIM Dan Doherty Jerry Doty Senior Vice President Executive Vice President Associate Colliers | Las Vegas Colliers | Las Vegas Colliers | Las Vegas T +1 702 836 3719 T +1 702 836 3707 T +1 702 836 3735 [email protected] [email protected] [email protected] • Class A high image state-of-the- art construction • ±109,200 SF Speculative Distribution Building • Proximity to high quality, skilled labor pool LOGISTICENTER AT LAS VEGAS BOULEVARD • Available for Pre-Leasing | Delivery Q2 2019 • 3475 N. Las Vegas Boulevard, Las Vegas, NV 89115 SITE PLAN SITE DATA SUMMARY: APN: 140-07-701-018 (8.28 ACRES) JURISDICTION: CLARK COUNTY NEVADA ZONING: MD (DESIGN MANUFACTURING) OCCUPANCY: B, S1, F1 CONSTRUCTION TYPE: IIIB SETBACKS FRONT, SIDES AND REAR 20'. ADJUST FOR BLDG HEIGHT OVER 35', USE THE FOLLOWING FORMULA. (MAX. HEIGHT - 35') x 1/3 = "A" (ADDITIONAL SETBACK) EX B = EXISTING SETBACK I C= TOTAL SETBACK (A+B) ST D ING A "A" (BLDG. HT. 40') - 35' = (5' X 1/3) = 1.66' O BU "B" (EXISTING SET BACK) = 20' R IL "C" (TOTAL SETBACK) = "A" (1.66') + "B" (20') = 21.66'. USE 22'-0" T DI N G NU E TOTAL SITE ACREAGE: 8.2 ACRES XI AL ST IN FAR: 30.27% G W 3 0 ' D N. DETENTION R DOCK DOORS:: 12 DOORS +/ IV BASIN - 5 E 96 ' A - 0 IS DOCK DOORS WITH LEVELERS & SEALS: 6 DOORS " LE DRIVE-IN DOORS: 4 DOORS + " /- PARKING REQUIRED: 0 93 - ' ' -0 2 " WAREHOUSE: -
Howard Hughes
Howard Hughes Howard Hughes September 24, 1905 Born Houston, Texas, USA April 5, 1976 (aged 70) Died Houston, Texas, USA Chairman, Hughes Aircraft; Occupation industrialist; aviator; engineer; film producer Net worth US$12.8 bn (1958 Forbes 400) Ella Rice (1925-1929) Spouse Terry Moore (1949-1976) Jean Peters (1957-1971) For the Welsh murderer, see Howard Hughes (murderer). Howard Robard Hughes, Jr. (September 24, 1905 – April 5, 1976) was, in his time, an aviator, engineer, industrialist, film producer and director, a palgrave, a playboy, an eccentric, and one of the wealthiest people in the world. He is famous for setting multiple, world air-speed records, building the Hughes H-1 Racer and H-4 Hercules airplanes, producing the movies Hell's Angels and The Outlaw, owning and expanding TWA, his enormous intellect[1], and for his debilitating eccentric behavior in later life. Early years Hughes was born in Houston, Texas, on 24 September or 24 December 1905. Hughes claimed his birthday was Christmas Eve, although some biographers debate his exact birth date, (according to NNDB.com, it was most likely "the more mundane date of September 24"[2] ). His parents were Allene Stone Gano Hughes (a descendant of Catherine of Valois, Dowager Queen of England, by second husband Owen Tudor) [3][4] and Howard R. Hughes, Sr., who patented the tri-cone roller bit, which 1 allowed rotary drilling for oil in previously inaccessible places. Howard R. Hughes, Sr. founded Hughes Tool Company in 1909 to commercialize this invention. Hughes grew up under the strong influence of his mother, who was obsessed with protecting her son from all germs and diseases. -
Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015
Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 Express Plaza Offering Memorandum 716-720Center Street, Henderson, Nevada 89015 EXCLUSIVE ADVISORS Matthew Patros Associate - Sales & Leasing 702.941.7380 [email protected] 5960 South Jones Boulevard Las Vegas, Nevada 89118 T 702.388.1800 F 702.388.1010 www.mdlgroup.com THE OFFERING MDL Group is pleased to offer an exceptional opportunity to purchase Express Plaza, a Retail Center located at 716-720 Center Street in Henderson, NV. The property is currently at 91% occupancy with an excellent mix of tenants. INVESTMENT HIGHLIGHTS SUMMARY °Excellent Value-add opportunity: 80% of tenants signed leases at well below Asking Price $1,600,000 market rents. Price PSF $125 °Excellent Visibility: The property features strong curb appeal and excellent NOI $110,947 visibility off both Major Ave and Center St. Cap Rate 6.93% °Below Replacement Cost: Price per square foot is well below current Occupancy 91% estimated replacement cost. SF ±12,700 °Direct Access: Multiple access points off Center St. and Major Ave. and direct Year Built 2007 access to the hard corner 7-11. Site Size 1.53 Acres °Value Add Opportunity: Below market rents present opportunity for an investor to capture increased revenue. The above information has been obtained from sources we believe to be reliable, however we do not take responsibility for its correctness. PROPERTY OVERVIEW PROPERTY LOCATION Express Plaza is located in the Southeast submarket, the property is sit- Property Type Inline Retail uated ½ mile East of Boulder Hwy. and ½ mile South of Cadence Master planned community at the Northwest corner of Burkholder Blvd. -
Business Voice October 2019 Las Vegas Metro Chamber of Commerce Red - President’S Club Member
Representing Nevada's Employers in Washington, D.C. Page 13 Your Future, Our 401(k) Plan – Join Now What is VYP? Page 2 Page 20 MARY BETH SEWALD PRESIDENT & CEO ast month, the Las Vegas Metro Another exciting development in Washington, D.C. was Chamber led a delegation of more than our announcement of the new Interstate 11 Chambers L 150 business and community leaders of Commerce Coalition. The Las Vegas Chamber is from across Nevada for our annual joining with the Arizona Chamber of Business and Washington, D.C. Fly-in. It was a great Industry to bring chambers of commerce along the I-11 week of conversations and making connections with our corridor together to push for funding for the project. Nevada Congressional delegation and representatives This is an opportunity to share what this important from other states, as well as White House and U.S. route will mean to jobs and local businesses in each of Department of Labor officials and policy experts. these communities. We appreciate the Boulder City and Henderson chambers for being the first to join this We had several key take-aways. First, we were pleased group. with the announcement that there will be no funding for Yucca Mountain in 2020. While the Yucca Mountain We are moving ahead with two new initiatives at issue is by no means dead, no funding for it in either the Chamber. This month, we formally launch our the Senate or House Appropriations bills means the partnership with Hope for Prisoners and Workforce project cannot move ahead for at least another year. -
82% LEASED - TWO MULTI-TENANT PROFESSIONAL OFFICE BUILDINGS 8010 & 8020 West Sahara Avenue Las Vegas, Nevada 89117 Contents
CONFIDENTIAL OFFERING MEMORANDUM 82% LEASED - TWO MULTI-TENANT PROFESSIONAL OFFICE BUILDINGS 8010 & 8020 West Sahara Avenue Las Vegas, Nevada 89117 Contents Investment Contacts Charles M. Moore, CSM License: BS.36559.PC EXECUTIVE SUMMARY 03 .............................................................. Executive Director +1 702.688.6953 05 .............................................................. PROPERTY DESCRIPTION [email protected] Marlene M. Fujita, CCIM 11 .............................................................. TENANT PROFILES Executive Director License: S.054013 15 .............................................................. MARKET OVERVIEW +1 702.688.6884 [email protected] 20 .............................................................. COMPARABLE MARKET SUMMARY Hunter Bradshaw Associate 25 .............................................................. LAS VEGAS MARKET SNAPSHOT License: S.187196 +1 702.688.6874 32 .............................................................. FINANCIALS [email protected] Helen Bejiga Brokerage Coordinator +1 702.688.6887 [email protected] © 2019 Cushman & Wakefield, Inc. All Rights Reserved. PROPERTY PHOTOS Capital Markets | Nevada Investment Team 8010 & 8020 WEST SAHARA AVENUE :: EXECUTIVE SUMMARY 3 THE OFFERING Cushman & Wakefield is pleased to present for purchase a ±47,956 square foot multi-tenant professional office park located at 8010 & 8020 W. Sahara Avenue in Las Vegas, Nevada. This asset, comprised of two (2) two-story buildings situated -
Fair Value Appraisal Of: Tivoli Village at Queensridge
FAIR VALUE APPRAISAL OF: TIVOLI VILLAGE AT QUEENSRIDGE NEC Rampart Blvd & Alta Drive Las Vegas, Nevada EFFECTIVE APPRAISAL DATE: September 30, 2015 PREPARED FOR: Mr. Matthew Bunin GREAT WASH PARK LLC 9525 Hillwood Drive, Suite 100 Las Vegas, NV 89134 Marquette Advisors File #15054 PREPARED BY: Marquette Advisors Offices: Minneapolis Office: 50 South Sixth Street, Suite 1370, Minneapolis, MN 55402 Phone: 612-335-8888; Fax: 612-334-3022 Seattle Office: 2723 California Avenue SW, Seattle, WA 98116 Phone: 425-392-7482; Fax: 425-392-7330 Washington DC Office: 1140 Connecticut Avenue NW, Washington, DC 20036 Phone: 202-331-0226; Fax: 612-334-3022 TABLE OF CONTENTS Identification of the Subject Property ............................................................................. 1 Planned Development Program & Construction Status ................................................... 8 Development Budget .................................................................................................... 16 Summary of Salient Facts & Conclusions ..................................................................... 17 Intended User & Use of the Appraisal .......................................................................... 18 Property Rights Appraised & Date of Value ................................................................. 18 Scope of Work ............................................................................................................. 18 Underlying Assumptions ............................................................................................. -
Fun in Summerlin!
YOURYOUR COMMUNITYCOM NEWS FROM THE SUMMERLIN COUNCIL March 2021 On the Trail for “Eggcellent” Fun In Summerlin! || Summerlin Bunny Trail MARCH 26 | 1:30 TO 5:30 P.M. MARCH 27 | 10 A.M. TO 3:30 P.M. VISTAS PARK | PRE-REGISTRATION REQUIRED; $20 PER VEHICLE ippity hoppity on over to the a basket or bag to collect treats at walk-through event and pre- HVistas Park this Spring for designated goodie stations along registration is required for $20 a bounce down the Summerlin the way. per family (six-person maximum Bunny Trail! Staggered arrival times will be capacity). Reserve your family’s On March 26 and 27, residents assigned to maintain safety and entry time at summerlink.com/ are invited to follow the most fest- distancing and all attendees must event/summerlin-bunny-trail/ ive path in Summerlin for themed wear a mask or facial covering. beginning Wednesday, March 10 character experiences, visits with A complete list of event policies at 10 a.m. furry farm animals, photo oppor- and guidelines is available at Don’t miss this egg-stra special tunities and, of course, a safe summerlink.com/event/ event. Mark your calendar and meet-and-greet with Mr. and Mrs. summerlin-bunny-trail/. make plans to take a hop along Bunny. Kids should bring along Space is limited for this outdoor, the happiest trail in Summerlin! Summerlin Bunny Trail registration begins March 10 at 10 a.m. at summerlink.com/event/summerlin-bunny-trail/. An active Summerlin I.D. card is needed and all family members attending must register. -
Las Vegas Ballpark
FOR IMMEDIATE RELEASE Download high-resolution versions of these photos. LAS VEGAS BALLPARK Metal wall panels add major appeal to best-of-the-year minor league ballpark Minor league baseball has been in the middle of a building boom the past few years, as local communities and team owners are seeing value in raising the amenities level for their area stadiums. The Las Vegas Ballpark in Summerlin, Nev., home to the Triple-A Las Vegas Aviators franchise, is one of the latest entries to this list, with features that include a swimming pool, breathable-mesh seating and a 126-ft.-wide LED video screen. Its design draws inspiration from both the surrounding desert and the aeronautical history of its corporate owner, the Howard Hughes Corp. Howard Hughes, himself, bought the 25,000-acre parcel that is now Summerlin in 1952, though development didn’t begin for the master-planned community until the 1980s, a decade after Hughes’ death. The $150 million stadium is a new anchor in Downtown Summerlin, a shopping, dining and entertainment district that opened in 2014. Fans first filled the new facility’s seats as the 2019 baseball season began. The local team, formerly the 51s, is also owned by the Hughes Corp. It was renamed the Aviators in 2019 with the stadium’s opening to honor that organization’s original aviation emphasis. Devin Norton, project designer with the San Francisco office of HOK, the stadium’s architects, says he wanted his plans to recognize both the unique qualities of the site and the corporation’s history. -
Press Release HHC Acquisition of Occidental Assets 2019-12-30
THE HOWARD HUGHES CORPORATION® ACQUIRES APPROXIMATELY 1.4 MILLION SQUARE FEET OF PREMIUM OFFICE SPACE AND ADDITIONAL LAND FOR COMMERCIAL DEVELOPMENT IN THE WOODLANDS® FROM OCCIDENTAL Acquisition Also Includes 63-Acre Campus in the West Houston Energy Corridor THE WOODLANDS, TX (December 30, 2019) – The Howard Hughes Corporation® (NYSE:HHC) announced today the acquisition of two Class AAA office towers, warehouse space and developable land in The Woodlands®, Texas, from Occidental (NYSE: OXY), providing The Howard Hughes Corporation with highly sought-after, premium office space that will enable The Howard Hughes Corporation to meet ongoing demand in the market. The acquisition increases The Howard Hughes Corporation’s office portfolio within the award-winning master planned community (MPC) by approximately 50%, and reinforces The Howard Hughes Corporation’s standing as the community’s steward and largest stakeholder. The $565 million transaction also includes the acquisition of Occidental’s Century Park campus in the West Houston Energy Corridor—a 63-acre, 1.3-million-square-foot campus with 17 office buildings— which The Howard Hughes Corporation will immediately remarket, in line with its recently announced commitment to sell non-core properties and to focus resources into the growth of its core business of MPCs. In The Woodlands, The Howard Hughes Corporation's acquisition includes the two Class AAA towers rebranded as The Woodlands Towers at The Waterway, which total approximately 1.4 million square feet of office space, and a 125,000-square-foot warehouse. The acquisition also includes 9.3 acres of prime, developable land located in The Woodlands Town Center® bordering The Woodlands Waterway® and fronting Interstate 45 North, providing the opportunity for meaningful future commercial development in the heart of The Woodlands. -
Appendix B. TRAFFIC OPERATIONS METHODOLOGY and ASSUMPTIONS
Appendix B. TRAFFIC OPERATIONS METHODOLOGY AND ASSUMPTIONS Traffic Operations Methodology and Assumptions Contents Page No. 1. Introduction and Background ................................................................................................................ 1 2. Project Goals and Objectives ................................................................................................................ 1 3. Project Study Limits ............................................................................................................................... 2 Mesoscopic Simulation Analysis ........................................................................................................... 2 Microscopic Simulation Analysis and Alternative Development ........................................................... 2 4. Analysis Years and Scenarios for Evaluation ...................................................................................... 6 US 95 .................................................................................................................................................... 6 CC 215 .................................................................................................................................................. 6 I-215 ...................................................................................................................................................... 6 I-15 .......................................................................................................................................................