Commercial Real Estate 11-25-25

4701 W Sahara Ave
Credit: CBRE

Sales Transactions

1. CBRE arranged the $8M sale of a 6.89-acre parcel located at 4701 W. Sahara Ave. in Las Vegas. CBRE’s Michael K. Hsu represented the undisclosed seller. A local owner-user acquired the property.

2. The 52-unit Westland Orland Apartmentsat 109 Orland St. in Las Vegas recently sold for $5.4M. Northcap Commercial’s Devin Lee, Robin Willett and Jerad Roberts represented the undisclosed seller and procured the undisclosed buyer.

Lease Transactions

3. Savers Value Village is leasing three new store locations in the Las Vegas Valley, totaling approximately 80KSF. This consists of a 32.2KSF space at Horizon Point in Henderson, the former 24.1KSF 99 Cents Only Store at 7239 Spring Mountain Road and the former 19.9KSF Big Lots along Blue Diamond Road. Terry Bortnick and Lea Clay Park of Axiom Retail Advisors represented the tenant, while Colliers’ David Grant represented the landlords. Villa Paloma LLC owns the Horizon Point location, and Lakeshore Enterprises owns the Spring Mountain Road location.

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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.