Commercial Real Estate 02-07-25

Credit: CBRE

Sales Transactions

1. CBRE announced the sale of Mountain’s Edge Marketplace, a 115KSF neighborhood shopping center shadow-anchored by a major grocery store. Located at 7975 Blue Diamond Road in the master-planned community of Mountain’s Edge in Las Vegas, the property was sold to a private investor for $50.3M. CBRE’s Roy Fritz led the transaction and represented the seller, Remington Nevada. The property is currently 98% leased.

2. Coronado Ridge Skilled Nursing and Rehabilitation Centerat 2855 W. Horizon Ridge Parkway in Hendersonwas sold to an undisclosed buyer. The Calida Group sold the 121-bed nursing facility for $33M. Mark Wintnerof JLL led the team that arranged the transaction.

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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.