Building Nevada Briefs - September 2005

Building Nevada Briefs

Panattoni Breaks Ground on Business Center

Panattoni Construction’s latest project in the Nevada market is the Creekside Business Center at 2575 East Washburn Road in Las Vegas. Phase I of the development includes two multi-use facilities: 40,140 square feet and 38,833 square feet, respectively. The tilt-up construction buildings, featuring space for both warehouse and office uses, are projected to be finished in December 2005. Additional mixed-use buildings, including retail components, are planned for Phase II of the business center. Panattoni Development Company is managing the project, and Blakely Johnson and Ghusn designed the buildings.

PENTA Opens Reno Office

PENTA Building Group, a Las Vegas-based construction company with offices in Scottsdale, Ariz. and Southern California, has opened an office in Reno to handle commercial building projects in Northern Nevada. Lou Primak, area manager in Reno, said the four-person office in the South Meadows area recently completed a remodeling project for Conway Distribution in Sparks. PENTA specializes in several market areas, including hospitality, distribution, office, industrial and high-end retail. It has completed projects for clients in 13 states.

Condo Development Planned for Queensridge

Las Vegas-based Executive Home Builders and Peccole Nevada Corporation recently unveiled plans to develop a custom condominium community in Queensridge, at Rampart Boulevard and Alta Drive in Las Vegas. The first phase of the project, named One Queensridge Place, broke ground in April and is scheduled for completion in the fourth quarter of 2006. Buyers can choose from 43 different floor plans, ranging from approximately 2,000 square feet to 14,000 square feet. Phase one will include 219 units in two 18-story buildings with two levels of private parking. Phase two includes the construction of two additional buildings, along with 17,000 square feet of class A office space. Prices currently begin in the low $1 million range, with penthouses available starting at approximately $4 million. JMA Architecture Studios served as architect for the project, with Perini Building Company acting as general contractor.

Korte To Complete Beltway Corporate Center

The Korte Company has broken ground on a $4 million office building for DSA Development in Southern Nevada. The 64,000-square-foot space is the first of two office buildings that will be added to the Beltway Corporate Center at Eastern Avenue and Pebble Road. The office buildings, along with a 160-space parking structure, will be the final components of the mixed-use center, which already contains numerous retail shops and restaurants, the Las Vegas Athletic Club and Starbucks. The first of the two tilt-up office buildings is planned for completion in March 2006.

Carina Corporation To Sell Residential Assets To Lennar

Carina Corporation recently announced that affiliates of Lennar Corporation have entered into an agreement with Carina to purchase substantially all of the assets related to Carina’s Lamplight Homes program. The sale includes most homes, neighborhoods, developed and undeveloped lots and plans related to Carina’s Lamplight Homes homebuilding division. The transaction value was undisclosed. The transaction does not include the commercial developments at The Village of Centennial Spring, a 41-acre mixed-use urban village currently under construction in the northwest Las Vegas Valley.

Carina Corporation is a privately held company established in 1996 by Mark and Michelle Doppe. Mark Doppe said the company intends to concentrate on mixed-use "new urban" developments.