Northern Nevada By Gary Tremaine, Dickson Commercial Group The retail market in northern Nevada has encountered ongoing obstacles in terms of development, such as elevated construction expenses and the imperative to address escalating inflation. Nevertheless, there are several new projects advancing. Both regional and national tenants have shown sustained interest in our … [Read more...] about ReD Report
Dickson Commercial Group
Commercial RE ReportRetail Summary First Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The first quarter of the year saw a significant increase in volume over Q4 2022, but most of the volume increase was due to the sale of the Summit Mall, acquired by Rhino Properties in South Meadows. There was a decrease in sales in Q1 2023 compared to Q4 2022, but a decent increase in sales volume and average … [Read more...] about Commercial RE Report
Baker Krukow of Dickson Commercial Group Earns CCIM Designation
Dickson Commercial Group (DCG) congratulates Baker Krukow, senior advisor, industrial, for obtaining his Certified Commercial Investment Member (CCIM) designation. The CCIM designation is awarded upon successful completion of an advanced education curriculum, presentation of an extensive portfolio of qualifying industry experience, and passing the Institute’s Comprehensive … [Read more...] about Baker Krukow of Dickson Commercial Group Earns CCIM Designation
DCG Industrial Team Announces Prism Realty’s ±143,640 SF Planned North Valleys Industrial Center Development
(RENO, Nevada) -- Dickson Commercial Group (DCG) is pleased to announce the development of North Valleys Industrial Center by Prism Realty Corporation, a ±143,640 square foot Class A industrial building located at 9630 North Virginia Street with planned delivery in Q2 2024. The project will offer availability for a single full building user or can be demised to a minimum of … [Read more...] about DCG Industrial Team Announces Prism Realty’s ±143,640 SF Planned North Valleys Industrial Center Development
Commercial RE ReportRetail Summary Fourth Quarter 2022
Northern Nevada By Gary Tremaine, Dickson Commercial Group The fourth quarter sales volume for Q4 2022 saw a slight increase in comparison to the prior quarter, with an increase of nearly $8 million, but the year ended up with much lower transaction volume in 2022. There was a decrease in both volume and number of sales in 2022, but a slight increase in the average price … [Read more...] about Commercial RE Report
Dickson Commercial Group Announces the Promotion of Patrick Riggs to Vice President
(RENO, Nev.) -- Dickson Commercial Group (DCG) would like to congratulate office broker Patrick Riggs for recently becoming vice president within DCG. The promotion is a result of the combination of recent transactional production and tenure in the commercial real estate market. “Patrick made an immediate impact in the market through the utilization of his sound financial … [Read more...] about Dickson Commercial Group Announces the Promotion of Patrick Riggs to Vice President
Dickson Commercial Group Announces the Promotion of Nick Knecht, CCIM to Vice President
(RENO, Nev.) -- Dickson Commercial Group (DCG) would like to congratulate industrial broker Nick Knecht, CCIM for recently becoming vice president within DCG. The promotion is a result of the combination of both recent transactional production and tenure in the industrial market. “This promotion helps recognize the swift momentum that Nick has already applied to his early … [Read more...] about Dickson Commercial Group Announces the Promotion of Nick Knecht, CCIM to Vice President
Dickson Commercial Group Completes MidTown Restaurant and Business Sale
(RENO, Nev.) -- Dickson Commercial Group (DCG) is pleased to announce the recent successful transaction including the real estate and business of the former Silver Peak restaurant and brewery in MidTown Reno. DCG’s senior vice president of retail, Gary Tremaine represented the real estate ownership group in selling the 6,818 square-foot restaurant and former brewery building … [Read more...] about Dickson Commercial Group Completes MidTown Restaurant and Business Sale
Dickson Commercial Group Expands Company Footprint in Downtown Reno Office
RENO, Nev. – Dickson Commercial Group (DCG) is pleased to announce the expansion of its office, nearly doubling its footprint from 5,500 square feet to over 10,000 square feet at 333 Holcomb Avenue in Downtown Reno. With the rapid growth of DCG Management and the recent addition of DCG Medical Group, the expansion was necessary to bring the team together in one location. Led … [Read more...] about Dickson Commercial Group Expands Company Footprint in Downtown Reno Office
Dickson Commercial Group Announces the Promotion of Chris Shanks, CCIM to Senior Vice President
RENO, Nev. -- Chris Shanks has been recently elevated to senior vice president within Dickson Commercial Group (DCG). The promotion is a result of the combination of both recent transactional production and tenure in the marketplace. “This promotion helps recognize the success in Chris’s career with DCG," said Tom Fennell, SIOR, principal at DCG. "He is one of the only true … [Read more...] about Dickson Commercial Group Announces the Promotion of Chris Shanks, CCIM to Senior Vice President
Dickson Commercial Group Represents Seller in 25,432 SF Mixed-Use Office/Retail Building in the Heart of Midtown
(RENO, Nev.) -- DCG’s Dominic Brunetti, CCIM and Scott Shanks, SIOR, Patrick Riggs, and Gary Tremaine, represented the seller in the disposition of a 25,432 square foot mixed-use office/retail building located at 2195 South Virginia Street. The building was sold to Reno Community Health Center, LLC for $6,400,000, 100% of the initial asking price. The two-story building stands … [Read more...] about Dickson Commercial Group Represents Seller in 25,432 SF Mixed-Use Office/Retail Building in the Heart of Midtown
Commercial RE ReportThird Quarter 2022
Northern Nevada By Gary Tremaine, Dickson Commercial Group The third quarter saw a large decrease in overall commercial sales volume, with retail numbers decreasing in volume by nearly $70 million. There were 16 total sale transactions in Q3 2022, in comparison to last quarter’s 20, being the second highest in the last few years. In North Valleys, a strip mall shopping … [Read more...] about Commercial RE Report
Dickson Commercial Group Represents Seller in Disposition of 90,056 SF Industrial Building in Carson City
(CARSON CITY, Nev.) -- Dickson Commercial Group's (DCG’s) Industrial team, Nick Knecht, CCIM, Joel Fountain, SIOR, and Baker Krukow, along with DCG Principal Tom Fennell, SIOR, CCIM, represented the seller, Sierra Nevada Media Group, in the disposition of 580 Mallory Way in Carson City, Nevada. The 90,056-square-foot industrial building was purchased by real estate and … [Read more...] about Dickson Commercial Group Represents Seller in Disposition of 90,056 SF Industrial Building in Carson City
Back to the OfficeNevada’s Office Market 2022
Nevada's office market was hit hard by the 2008 recession, when often companies expecting to expand instead contracted and downsized their use of office space. Office product was vacated or underutilized. Vacancy rates jumped. New product stood empty. In the last 12 years, there's been very little new product under construction. Fast forward to today, when the office market … [Read more...] about Back to the Office
Dickson Commercial Group Industrial Team Announces Panattoni Development’s 195,000± SF Addition to Spanish Springs Business Center
(RENO, Nev.) -- Dickson Commercial Group (DCG) is pleased to announce the development of 420 Ingenuity Ave. by Panattoni Development Company, a 195,000± square foot Class A industrial building in northern Nevada’s Spanish Springs Business Center with planned delivery in Q4 2023. The project will feature a combination of light industrial flex space, with smaller units divisible … [Read more...] about Dickson Commercial Group Industrial Team Announces Panattoni Development’s 195,000± SF Addition to Spanish Springs Business Center