Commercial Real Estate 07-08-25

Credit: Greystar

Sales Transactions

1. Kennedy Wilson acquired Tides on Commerce, a 336-unit apartment complex in North Las Vegas. The property at 4249 N. Commerce St. sold for $70M.

2. Dr. Jaswinder Grover purchased the Red Rock Country Club golf course off Desert Foothills Drive and Charleston Blvd. for $50M. Colliers’ Mike Mixer and Keith Cubba brokered the transaction. The seller was undisclosed.

3. Carson Valley Arts Council signed a five-year agreement to operate Carson Valley Cinemas in Minden. Douglas County purchased the more than 20KSF theater for $2.9M using transient occupancy tax funds, with plans to explore adding performance and arts spaces in the future.

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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.