Sales and Lease Transactions
LAS VEGAS (January 26, 2017) —Sun Commercial Real Estate Inc. announced today the closing of the following transactions:
The Sale of Rumor Boutique Hotel was completed on January 20th. The 89,000 square-foot hotel is located at 455 E. Harmon Avenue, Las Vegas, NV. The total value of the transaction was $18,000,000.00. Cathy Jones, Josh Smith, Paul Miachika, Roy Fritz, Jessica Cegavske, and David Livingston of Sun Commercial Real Estate, Inc. represented the Seller, The Siegel Group Nevada, Inc. Sun Commercial’s Chief Executive Officer Cathy Jones stated, “The property offers a great opportunity for a buyer interested in stepping into a strategically located Las Vegas hotel property with consistently improving economics. The new internationally-based owners were selected as the winning buyer from multiple offers received.”
The Lease with Innovative Wood Design was completed on January 1st. The 5,663 square-foot industrial space is located at 6963 Speedway Blvd., Suite 103, Las Vegas, NV. The total value of the transaction was $107,380.00. Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske, and David Livingston of Sun Commercial Real Estate, Inc. represented the Tenant, Innovative Wood Design and Harsch Investment Properties represented the Landlord.