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Commercial Real Estate 03-18-25

NVBEX Staff

Credit: Las Vegas Review-Journal
Credit: Las Vegas Review-Journal

Sales Transactions

1. Valley View Industrial was recently purchased by a partnership between Intersection Equities and Sundance Bay. The multi-tenant flex industrial property at 5325 S. Valley View Blvd. in Las Vegas was sold for $8.7M. Sanders Wyoming Trust sold the 48.3KSF facility, which has a total of nine warehouse/office units. NAI Excel’s Erik Sexton and Camila Rosales represented the buyer. The new owners are planning to renovate the property.

2. Land has been purchased for an air taxi helipad to service Allegiant Stadium. UpWin Air Taxi, which is affiliated with the Las Vegas Spaceport, purchased the landing site at 3625 W. Russel Road in Las Vegas. The station will have four landing pads and be called Raiders Station. The company plans to eventually create a network of landing sites throughout the Strip.

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Mark Hobaica

Mark Hobaica

Executive Vice President

Core Construction

Since 2019, as CORE Construction’s Executive Vice President for Nevada, Mark ensures every client CORE serves receives the highest level of personalized care for every project. Mark’s passion is client Trust. He cares deeply about CORE’s reputation, partnerships and providing the highest quality and services, as well as most honest and best value possible. He has worked in the Las Vegas Valley and for the Public Works sector for nearly 35 years. He began as an owner in a local architectural firm designing and overseeing projects for Public Works clients for nearly 12 years. He clearly understands the expectations of the public sector, as he then directed numerous projects for over 16 years as the City Architect for the City of Henderson. His focus has always been delivering projects using CMAR or Construction Manager at Risk as he has implemented dozens of projects with his trusted approach, while always involving every stakeholder to ensure each individual receives the highest level of services expected.