{"id":1004430511,"date":"2020-05-04T22:13:23","date_gmt":"2020-05-05T06:13:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004430511"},"modified":"2020-05-04T22:22:39","modified_gmt":"2020-05-05T06:22:39","slug":"west-las-vegas-office-building-sells-for-15m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/west-las-vegas-office-building-sells-for-15m\/","title":{"rendered":"West Las Vegas Office Building Sells for $15M"},"content":{"rendered":"<div id=\"attachment_1004430517\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Rainbow-Corporate-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004430517\" data-attachment-id=\"1004430517\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/west-las-vegas-office-building-sells-for-15m\/rainbow-corporate-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Rainbow-Corporate-Center.jpg\" data-orig-size=\"1000,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Rainbow Corporate Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rainbow Corporate Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Rainbow-Corporate-Center.jpg?w=1000\" class=\"wp-image-1004430517 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Rainbow-Corporate-Center.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Rainbow-Corporate-Center.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Rainbow-Corporate-Center.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Rainbow-Corporate-Center.jpg?resize=768,614 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004430517\" class=\"wp-caption-text\">Rainbow Corporate Center<\/p><\/div>\n<p>A private investor has paid $15 million for Rainbow Corporate Center, an 87,771-square-foot Class B office property in Las Vegas, according to Clark County records. The seller, Real Estate Services Group, had acquired the asset from U.S. Bank in a $6.9 million deal in late 2013, Yardi Matrix shows.<\/p>\n<p>Rainbow Corporate Center is located on 3.4 acres in a primarily residential area at 500 N. Rainbow Blvd., adjacent to the intersection of Summerlin Parkway and U.S. Highway 95. The property is some 7 miles west of downtown Las Vegas.<\/p>\n<p>The three-story building was delivered in 1997 and is home to a mix of tenants, including traditional office users like Fidelity National Title, medical practices and a Regus shared space. The property boasts a parking ratio of 6 spaces per 1,000 square feet, housed in an adjacent structure with electric vehicle-charging stations.<\/p>\n<p>Las Vegas took a massive hit from the COVID-19 pandemic early on and <a href=\"https:\/\/www.commercialsearch.com\/news\/las-vegas-deals-sputter-as-casinos-shutter\/\">overall investment in the metro\u2019s real estate<\/a> has dropped sharply. However, parts of Nevada\u2019s economy may be poised to reopen as soon as mid-May, under guidelines announced by Governor Steve Sisolak last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate Services Group traded the nearly 90,000-square-foot suburban asset for more than double the price it paid in 2013.<\/p>\n","protected":false},"author":861,"featured_media":1004430517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1593,21742,21747,15],"tags":[33231],"class_list":["post-1004430511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-las-vegas","category-latest","category-office","category-west","tag-u-s-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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