{"id":1004056453,"date":"2012-12-20T08:10:11","date_gmt":"2012-12-20T16:10:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=90451"},"modified":"2022-03-03T10:52:18","modified_gmt":"2022-03-03T18:52:18","slug":"u-of-phoenix-consolidates-footprint-officials-weigh-growth-for-tahoe","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/u-of-phoenix-consolidates-footprint-officials-weigh-growth-for-tahoe\/","title":{"rendered":"U.of Phoenix Consolidates Footprint; Officials Weigh Growth for Tahoe"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

In a belt-tightening move, the University of Phoenix is consolidating its footprint in the Las Vegas Valley. Early next year, the institution will move into a 44,000-square-foot space in Summerlin, VEGAS INC<\/em><\/a> reported on Dec. 18. Its new location accounts for about 45 percent of a three-story, 98,000-square-foot building next to the Nevada Cancer Institute near Town Center Drive and the 215 Beltway.<\/p>\n

The building\u2019s owner is an affiliate of Greenspun Corp., which also owns VEGAS INC and the Las Vegas Sun. Bret Davis of Jones Lang LaSalle Inc. represented the University of Phoenix in the lease.<\/p>\n

As part of its consolidation program, the University of Phoenix will leave two other locations: a 30,000-square-foot space on Flamingo Road near the 215 Beltway and another between Buffalo Drive and Summerlin Parkway. Apollo Group, which owns the multi-campus school specializing in professional education, is looking to trim costs after recording a 26 percent dip in net income this year.<\/p>\n

In other news, \"\"<\/a> regulators are preparing to open the door to stepped-up development intended to boost the Lake Tahoe area\u2019s sagging tourism business, the Las Vegas Sun<\/em> <\/a>reports. The joint Regional Planning Agency of California and Nevada is considering an update of the current regional plan that would permit larger projects on the lake\u2019s shore. The revised plan would attempt to expand development opportunities while respecting environmental concerns, the Sun <\/em>reports.<\/p>\n

Image courtesy of xtri.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The University of Phoenix is reportedly tightening its belt and currently attempting to reorganize its space in the Las Vegas Valley. According to industry magazine VEGAS INC, the education entity is looking to cut costs and has already made some moves to that effect. The University has inked a deal with American Nevada Co., securing space in a building located in the vicinity of the Nevada Cancer Institute. The education institution’s new landlord is the real estate arm of the Greenspun Corp., an entity that currently owns two of the city’s largest publications, VEGAS INC and The Las Vegas Sun.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1593,21742],"tags":[],"class_list":["post-1004056453","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest"],"acf":[],"yoast_head":"\nU.of Phoenix Consolidates Footprint; Officials Weigh Growth for Tahoe - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/u-of-phoenix-consolidates-footprint-officials-weigh-growth-for-tahoe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.of Phoenix Consolidates Footprint; Officials Weigh Growth for Tahoe\" \/>\n<meta property=\"og:description\" content=\"The University of Phoenix is reportedly tightening its belt and currently attempting to reorganize its space in the Las Vegas Valley. 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