Office Market Report First Quarter 2010

Posted by: NAI Alliance Office Group
775 336 4600

The First Quarter 2010 Office Report is now available for download

Bill's Casino in Stateline to become a gentelmen's club

Posted by: Beckie Lewis
Hospitality Specialist

775 336 4647

blewis@naialliance.com

Prior to entering the commercial real estate market, Beckie enjoyed a career in Commercial Lending and Private Equity Lending. Beckie enjoys creative thinking and problem solving which allow her to approach real estate sales in a refreshing manner. Having grown up in the development & hospitality areas in Montana, Beckie was drawn to the Hospitality Specialty with NAI Alliance. She is currently paving the way for this newest specialty at the firm.

First Quarter Sales

The Bill’s Casino Lake Tahoe located on Hwy 50, Stateline, Nevada opened July 1, 1987 and closed its doors on January 4, 2010. With Michael Laub’s purchase of the vacant casino on February 26, 2010, the dust did not have time to settle. Mr. Laub purchased the 16,500 sq foot property for $5,225,000 creating a big stir with possible plans for a renovation of the casino including a space for a gentlemen’s club. An article by Kathryn Reed in the Lake Tahoe News sparked heated controversy and debate over whether it is right to have a "strip club" among the casinos in South Lake. Bloggers commented back and forth on values, women’s rights, and on public opinion with out any thought at all to the devastating possibilities of a vacant property withering among the living...read more

Moana Lane Widening

Posted by: Gary Tremaine

Retail Specialist
775 336 4641

gtremaine@naialliance.com

Gary is a commercial real estate broker specializing in retail pad and multi-tenant line shops development, sales and leasing. He has been in the real estate industry since 1991. Gary has worked with clients such as Keva Juice, Anytime Fitness, Sprint, Dotty’s Donahue Schriber, U-Swirl, Edward Jones and Kimco Real Estate.

Well it looks like the Moana Lane Widening is going forward. The Properties on the South side of the street will be affected. Some property owners will lose portions of their properties and some tenants will have to relocate their businesses. The widening will go from 395 on the East to past S. Virginia on the West. Both the North and South side of the Kietzke and S. Virginia with Moana intersections will also lose properties for turn lanes. NAI Alliance has spaces available to lease on Moana. If any tenant wants to stay in that corridor please contact the Retail Property Team and we will email you a package of available properties. More information on the widening please click on the link http://www.rtcwashoe.com/streets-highways-78