Commercial Real Estate 05-19-26

1. Blue Heron SF. Credit: Bizuayehu Tesfaye/Las Vegas Review Journal

Sales Transactions

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1. Blue Heron recently purchased approximately 26.6 acres of land near Lake Las Vegas for $33.3M. The developer plans to build 60 single-family homes ranging from 3.9KSF to more than 6.7KSF.

2. An undisclosed buyer purchased the 404-unit Village at Iron Blossom apartment complex at 690 E. Patriot Blvd. in Reno. Newmark’s Jonathan Merhaut represented the undisclosed seller. The sale price was not announced.

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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.