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Commercial Real Estate

Once-stalled southwest project now adding new tenants

The Gramercy, initially launched as Manhattan West in 2008, said in March that HMS Holdings Corp., a publicly traded provider of cost-containment solutions for the health care industry, would move in. HMS will take over about 80,000 square feet of space above the soon-to-open DW Kitchen + Market and Alex Stratta Italian Steakhouse.

Office building’s sale marks commercial transition

The recent sale of an office building in southwest Las Vegas looks routine on the surface. But brokers involved in the $17.4 million deal say it’s a sign that local commercial real estate has begun transitioning into a more stable market built around long-term investment.

City block near Container Park listed for sale

Mike Mixer and Josh Smith of Colliers International’s Gaming Division have listed for sale a 2.33-acre block bordered by Carson and Bridger avenues in the north and south, and Seventh and Sixth streets to the west and east. It’s one of the last properties available downtown, the brokers said.

New master-plan community underway in northwest

In another recovery milestone, a new master plan is set to get underway in northwest Las Vegas. Skye Canyon was scheduled to hold its groundbreaking on June 5, making it Southern Nevada’s first big, new residential development to get underway since the recession.