Las Vegas Sun

October 25, 2014

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Public Utilities Commission gets a new landlord

The Public Utilities Commission of Nevada has a new landlord in Las Vegas.

Developer Jeff LaPour, who built the three-story office building at 9075 W. Diablo Drive, which houses the PUC and other tenants, sold the property on Friday for $17.35 million, county records show.

Brokers with CBRE Group, representing both sides of the deal, announced the sale today.

In the news release, LaPour said he developed the 70,188-square-foot building — adjacent to the 215 Beltway between Russell Road and Tropicana Avenue — in 2008 without any tenants lined up. But he got it fully leased during the recession, he said.

Tenants at LaPour Corporate Center, as the building is known, include Chicago Title, NV Energy and KGA Architecture.

The new owners are Prescott, Ariz., attorney Joshua Meyer and his family. The group owns other buildings in the valley, as well as farmland and other property outside Nevada, said CBRE Group broker Greg Tassi, who represented them in the LaPour sale.

Their local holdings include a one-story office building at 1491 Center Crossing Road, near Summerlin Parkway and Town Center Drive, and a two-story warehouse/office property at 920 Pilot Road, near McCarran International Airport, property records show.

Meyer did not immediately return a call seeking comment.

PUC spokesman Peter Kostes said the sale is not expected to affect the agency’s lease.

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