{"id":1004109323,"date":"2014-12-14T16:01:30","date_gmt":"2014-12-15T00:01:30","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=313139"},"modified":"2022-11-23T20:13:14","modified_gmt":"2022-11-24T04:13:14","slug":"cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\/","title":{"rendered":"Cambrige Cos.\/Diamond Rock JV Plans 1 MSF Industrial Development"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>In a major step for their new joint venture, Las Vegas-based Cambridge Cos. L.L.C. and Diamond Rock Partners L.L.C. of Santa Monica, Calif., have joined forces in order to develop one million square feet of industrial space in Las Vegas. The partnership is set to control 50 acres of land, which will yield roughly one million square feet of industrial space in a market that is \u201cripe for big-box industrial development,\u201d said Diamond Rock Partners Managing Partner David Makharadze.<\/p>\n<p>Industrial assets in the area are attracting renewed interest from investors, who are keen to move on both development and existing asset opportunities.<\/p>\n<p>According to Cambridge COO Filipp Chebotarev, the team has plenty on its to-do list: bring \u201cmuch needed industrial inventory of larger buildings to market, create employment opportunities for our community, and utilize sustainable land use and building practices.\u201d<\/p>\n<p>Cambridge\u2019s Vice President, Polina Chebotareva, noted that industrial vacancies in Clark Country are below 8 percent and less than 1 percent for big-box distribution or assets totaling more than 150,000 square feet. Michael Bash, the president of Cambridge, added: \u201cWe\u2019re excited to work with Diamond Rock Partners on another industrial joint equity partnership in Las Vegas.\u201d<\/p>\n<p>Kamau Coleman, Managing Partner of Diamond Rock Partners also cited expectations of an improving market and \u201ca clear picture for the future, which we are excited to be a big part of.\u201d<\/p>\n<p class=\"MsoNormal\">\n","protected":false},"excerpt":{"rendered":"<p>The city of Las Vegas is set to add around one million square feet of industrial space, as a result of a new joint venture. Local entity Cambridge Companies, LLC and Diamond Rock Partners LLC of Santa Monica have joined forces in order to develop a large amount of industrial employment space in Las Vegas, Clark County, NV. Industrial space in the area has recently experienced a revival, with investors now keen to move on both development and existing asset opportunities.<\/p>\n","protected":false},"author":237,"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-1004109323","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cambrige Cos.\/Diamond Rock JV Plans 1 MSF Industrial Development - 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\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cambrige Cos.\/Diamond Rock JV Plans 1 MSF Industrial Development\" \/>\n<meta property=\"og:description\" content=\"The city of Las Vegas is set to add around one million square feet of industrial space, as a result of a new joint venture. Local entity Cambridge Companies, LLC and Diamond Rock Partners LLC of Santa Monica have joined forces in order to develop a large amount of industrial employment space in Las Vegas, Clark County, NV. Industrial space in the area has recently experienced a revival, with investors now keen to move on both development and existing asset opportunities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-15T00:01:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-24T04:13:14+00:00\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Cambrige Cos.\\\/Diamond Rock JV Plans 1 MSF Industrial Development\",\"datePublished\":\"2014-12-15T00:01:30+00:00\",\"dateModified\":\"2022-11-24T04:13:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/\"},\"wordCount\":244,\"commentCount\":0,\"articleSection\":[\"Las Vegas\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/\",\"name\":\"Cambrige Cos.\\\/Diamond Rock JV Plans 1 MSF Industrial Development - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2014-12-15T00:01:30+00:00\",\"dateModified\":\"2022-11-24T04:13:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cambrige-cos-diamond-rock-jv-plans-1-msf-industrial-development\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cambrige Cos.\\\/Diamond Rock JV Plans 1 MSF Industrial Development\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. 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