Without saying how much it would invest to complete theprojects, Venture Corp. estimates the gross sell-out value at $187million. "We bought these developments mid-way through the process,and have marshaled the forces needed to get them built andabsorbed," says Venture president Robert Eves.

The acquisition instantly makes Vegas the largest single marketfor Venture Corp. The builder of commercial condominiums enteredthe Nevada market in June 2006 with Venture Commerce Center – LasVegas, which consists of four commercial buildings located onEastern Avenue in the Parkview Center Business Park. The buildingshouse 38 privately owned business condos ranging in size from 1,313sf to 3,600 sf.

Venture currently has 39 commercial condominium developments invarious stages of construction throughout California, Las Vegas,Reno, Washington, Oregon and New Mexico. Venture also buildsmedical/dental condominium projects. Most of its developments carrythe company's name.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.