Industrial Summary: Second Quarter 2015

Southern Nevada The overall vacancy rate for the Las Vegas Valley Industrial market in the second quarter was 6.2 percent, a drop of 0.5 points, from 6.7 percent in the first quarter of 2015. This decline equates to ten straight quarters of declining industrial vacancies. The strong growth in demand for industrial space, paired with resurgent construction and industrial … [Read more...]

Dermody Properties’ LogistiCenter Cheyenne Poised to Capitalize on Opportunities in Las Vegas Industrial Market

Nevada Governor Brian Sandoval joined Dermody Propertiesto celebrate the start of construction on LogistiCenter Cheyenne.

With industrial vacancy shrinking in Las Vegas, Dermody Properties, a national industrial development firm headquartered in Reno, Nev., has committed to filling the gap. On May 12, Nevada Governor Brian Sandoval joined Dermody Properties, United Construction Company and Hillwood Investment Properties to celebrate the start of construction on LogistiCenter Cheyenne, a … [Read more...]

Red Report: May 2015

Read the Nevada Real Estate & Development Report: May 2015 - Commercial real estate and development - projects, sales, and leases.

E Project, Industrial ADDRESS 4025 E. Cheyenne Ave., 89115 CONTRACTOR OF RECORD United Construction Company DETAILS Construction is underway on Dermody Properties’ LogistiCenter Cheyenne. The 381,804 SF distribution facility will feature a 32-foot clear height, 80 trailer stalls and 248 parking stalls. The project is expected to be complete in October of this … [Read more...]

Dermody Properties Starts Construction on Las Vegas Industrial Facility

Dermody Properties started construction on LogistiCenter Cheyenne in the Interstate 15 corridor of Las Vegas.

Construction Starts on Warehouse/Distribution Facility in North Las Vegas Submarket Dermody Properties has started construction on LogistiCenter Cheyenne, a 381,804 SF distribution facility on 20 acres in the Interstate 15 corridor of Las Vegas. LogistiCenter Cheyenne is located at 4025 East Cheyenne Avenue, two miles east of Interstate 15. The key West Coast markets of Los … [Read more...]

If You Build It, Will They Come?

Nevada’s industrial market, devastated by the recession, has now recovered to the point where developers have returned to the market with “spec” projects.

Construction Returns to Nevada’s Industrial Market Nevada’s industrial market, which was devastated by the recession, has now recovered to the point where developers have returned to the market with “spec” projects (those built in advance of a contract or buyer). Now that 2014 year-end numbers have been tallied and evaluated, commercial real estate experts agree that the … [Read more...]

A Developing State: Growing Economy Encourages New Projects

Business is growing across the state. Those who survived the recession are going back to work developing.

As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...]

Dermody Properties Breaks Ground on Two New Facilities in 1.2 Million-Square-Foot Industrial Park 

Dermody Properties, a national industrial real estate development and operating company, has broken ground on the final two buildings in LogistiCenter 395.

RENO, Nev. – Dermody Properties, a national industrial real estate development and operating company headquartered in Reno, has broken ground on the final two buildings in LogistiCenter 395, its 1.2 million-square-foot industrial park in northern Nevada. The company started construction on the two new facilities, Buildings A and C, on November 20. Upon completion, Building A … [Read more...]

Dermody Properties

When businessman John Dermody accepted the Nevada franchise for the Philco Appliance Company and relocated his family to Reno in 1950, little did anyone suspect that this move would be the catalyst that created a successful industrial development company, Dermody Properties. Appliances after World War II were like cell phones are today… consumers couldn’t get enough of them. … [Read more...]

The Survivors: Builders and Developers in Nevada

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The economic downturn in 2007 left both residential and commercial developers and builders in the Silver State scrambling for work. Many were forced to downsize their staffs, and some even closed their doors. “Since 2008, the development business has been a fraction of what it was,” said Doug Kiersey, president of Dermody Properties, a Reno-based industrial … [Read more...]

The Logistics of Economic Recovery: The Distribution Industry in Nevada

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That big-box warehouse down the street may not be the prettiest feature of the Nevada landscape surrounding you, but next time you’re driving past it, consider this: It, and other facilities like it, might just save the state’s struggling economy. Nevada is poised to become a major distribution center in the West. According to a 2011 study commissioned by the State of … [Read more...]

2012 Most Respected CEOs

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A leader, a mentor or a boss. Whatever other name you give a CEO, whether or not they’re respected by their employees is an essential part of the make-up of any organization. Respect can make the difference between success and failure for any company and the man or woman in charge is the one responsible for engendering that respect. This year’s crop of Most Respected CEO’s … [Read more...]

Economic Development: The New Plan

Revenue – money flowing in – is the life’s blood of any household, business or organization. For the state of Nevada, revenue forecasts for 2012 and beyond are mostly positive… but continue to hinge on a variety of factors close to home and half a world away. Progress is being made on a number of fronts to generate new and perpetuate existing revenue streams, even as dark … [Read more...]