Real estate group sells offices near Las Vegas Strip for $2.75M
A Southern Nevada real estate group that’s building a new headquarters in the suburbs has sold its offices east of the Strip.
The Greater Las Vegas Association of Realtors sold its current headquarters, a two-story building at 1750 E. Sahara Ave., for $2.75 million to Laborers’ International Union of North America-Local 872.
The sale closed Monday, property records show.
GLVAR President David J. Tina, co-owner of Urban Nest Realty, said in a statement that the sale would cause “no disruption” in services the group provides. The trade group will rent the offices from the union and stay until its new facility is finished in “coming months,” he said.
The GLVAR, which boasts more than 14,000 members, is building a two-story, 40,000-square-foot headquarters on Rainbow Boulevard just north of Sunset Road in the southwest valley. The group said in December that it expected to finish by late 2017.
The East Sahara building, located between Maryland Parkway and Eastern Avenue, was constructed in 1987. It spans almost 26,000 square feet and had an asking price of $3.8 million, a listing shows.
Local 872 has between 2,900 and 3,200 members, including retirees. They pour concrete and perform traffic control, cleanup and other duties at construction sites, said Tommy White, business manager and secretary treasurer.
He said the GLVAR building was set up “just the way we wanted it,” with classrooms, meeting rooms and a “significant amount of parking,” and that the purchase included furniture and its audio-visual system.
The union plans to move there in February. The building will become its new headquarters, and White said he’s planning for it to include a community center and possibly daycare for members’ children.
Additionally, he said the group plans to build a 10,000-square-foot expansion for classrooms and meeting space.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.
