Tropicana Centre


Las Vegas, NV

  • Over 500,000 square foot power center that was defaulted in 2011.
  • The assignment was won in March of 2012, with the task of stabilizing and selling the asset for Situs, the special servicer. Succesfully re-negotiated both Sams Club and Wal Mart into new 10 and 15 year leases respectfully.
  • Subsequently, successful in leasing over 150,000 square feet of new tenants, such as: Conn's Appliances, McDonalds, Dollar Tree, Citi Trends, Fallas Discount Stores, Epic Thrift, Liberty Tax and Dotty's gaming.
  • Handled all aspects of development from lease negotiations to construction.
  • Sold the asset after a $20,000,000 increase in value for $39,500,000.