LAS VEGAS-The owner of the Light nightclub plans to break ground in January for a six-story, 147-unit condominium development southwest of the airport.

LAS VEGAS-The owner of the Light nightclub plans to break ground in January for a six-story, 147-unit condominium development southwest of the airport.

SAN FRANCISCO-The sale price for the 13,864-sf site translates to $14 million per acre. The seller marketed it as a redevelopment site that could hold a 70-unit residential-over-retail building.

LAS VEGAS-In the midst of a $273-million portfolio buy with pension fund money, the Newport Beach, CA-based investor acquires its second Vegas property, a two-building industrial incubator.

SEATTLE-The sellers acquired the historic 315,000-sf office building in 2000 for $46 million. Estimates of their total investment in the property range from $58 million to $80 million.

LAS VEGAS-MGM Mirage Inc. and Las Vegas Sands Corp. both post second quarter profits but concern about the local market pushed their share prices down on Thursday.

SAN FRANCISCO-The National Association of Securities Dealers will relocate from 525 Market St. later this year. The 19,640-sf lease takes occupancy in the building to 99%.

SAN FRANCISCO-On the hunt for more retail and multifamily investments in California, the real estate arm of the Grosvenor family taps senior investment analyst Tina Colacino to head up the effort.