{"id":1004142820,"date":"2016-04-27T02:27:48","date_gmt":"2016-04-27T10:27:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142820"},"modified":"2022-03-03T07:02:05","modified_gmt":"2022-03-03T15:02:05","slug":"las-vegas-office-purchase-boosts-hines-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/las-vegas-office-purchase-boosts-hines-portfolio\/","title":{"rendered":"Las Vegas Office Purchase Boosts Hines’ Portfolio"},"content":{"rendered":"

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

Las Vegas<\/strong>\u2013International real estate firm Hines<\/a> recently completed the addition of a Las Vegas-area<\/a> office property to its portfolio. The company made the purchase along with a fund managed by Oaktree Capital Management, its frequent acquisition partner, for an undisclosed amount.<\/p>\n

\"2500<\/a>

2500 N. Buffalo<\/p><\/div>\n

Located at 2500 N. Buffalo Drive in Las Vegas, the 2002-built office asset offers 87,095 square feet of net rentable space, in one of the most important submarkets in the Las Vegas metro. Built 14 years ago, the office complex only has Nevada Title Co. on its tenant roster, with roughly 51 percent of the available space still unoccupied.<\/p>\n

The office property is located on a 7.3-acre lot in the immediate vicinity of the master-planned Summerlin community. The 22,500-acre community is adding housing, as well as retail and office space, transforming the area into a new live-work-play environment in the MSA.<\/p>\n

According to Hines Director Brett Norton, the company has identified the property as carrying potential for \u201cprofessional service, call center, and corporate headquarters users.\u201c With the Las Vegas job market outperforming the nation, there are signs that the asset will likely improve in terms of occupancy during the coming months.<\/p>\n

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

Improved occupancy is one of the first aims for the newly acquired property. <\/p>\n","protected":false},"author":41,"featured_media":1004142822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1593,21742,21747,15],"tags":[],"class_list":["post-1004142820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-las-vegas","category-latest","category-office","category-west"],"acf":[],"yoast_head":"\nLas Vegas Office Purchase Boosts Hines' Portfolio - 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\/las-vegas-office-purchase-boosts-hines-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Office Purchase Boosts Hines' Portfolio\" \/>\n<meta property=\"og:description\" content=\"Improved occupancy is one of the first aims for the newly acquired property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/las-vegas-office-purchase-boosts-hines-portfolio\/\" \/>\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=\"2016-04-27T10:27:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T15:02:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/2500-N-Buffalo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1650\" \/>\n\t<meta property=\"og:image:height\" content=\"1238\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\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\\\/las-vegas-office-purchase-boosts-hines-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-purchase-boosts-hines-portfolio\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Las Vegas Office Purchase Boosts Hines’ Portfolio\",\"datePublished\":\"2016-04-27T10:27:48+00:00\",\"dateModified\":\"2022-03-03T15:02:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-purchase-boosts-hines-portfolio\\\/\"},\"wordCount\":215,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-purchase-boosts-hines-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/2500-N-Buffalo.jpg\",\"articleSection\":[\"Deals\",\"Investment\",\"Las Vegas\",\"News\",\"Office\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-purchase-boosts-hines-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-purchase-boosts-hines-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/las-vegas-office-purchase-boosts-hines-portfolio\\\/\",\"name\":\"Las Vegas Office Purchase Boosts Hines' Portfolio - 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