The Retail Market: Recovering with Measured Expectations

Real estate brokers and developers are dampening their expectations for the retail market in Nevada over the next couple of months and for the rest of 2015.

With a New Year upon us, real estate brokers and developers are dampening their expectations for the retail market in Nevada over the next couple of months and for the rest of 2015. Nevertheless, all of them see positive trends for the market and some reason to remain optimistic. “We are clearly in a recovery,” said Brendan Keating, principal with The Equity Group in Las … [Read more...]

Gary Tremaine Joins Dickson Commercial Group

Reno, Nev. – Dickson Commercial Group (DCG) has announced that Gary Tremaine has joined the organization as a commercial broker. Tremaine brings more than 20 years of experience in retail commercial real estate representing local, regional and national tenants and landlords, as well as assisting with the development of regional shopping centers. Tremaine also has experience … [Read more...]

Nevada Real Estate & Development Report: August 2014

Read the Nevada Real Estate and Development Report: August 2014 - Commercial real estate and development - projects, sales, and leases.

E Project, Other ADDRESS 501 S. Las Vegas Blvd., 89101 CONTRACTOR OF RECORD Recreation Development Company LLC (RDC) DETAILS A $1.3 million ‘shell and core’ contract has been awarded to RDC for gypsum board assemblies at the Federal Justice Tower in downtown Las Vegas. The 129,000 SF project is a joint effort between the City of Las Vegas Redevelopment Agency and developer … [Read more...]

Nevada Real Estate & Development Report: February 2014

Read the Nevada Real Estate and Development Report: February 2014 - Commercial real estate and development - projects, sales, and leases.

H Sale, Office ADDRESS 3039 W. Horizon Ridge Pkwy, 89052 BUYER Denco, LLC SELLER Vantage at Horizon Ridge, LLC DETAILS 6,754 SF; $1,725,000 APN 177-35-510-029 BUYER’S REP William Skupa and Gino Vincent of MINT Property Group, Ltd. SELLER’S REP Joseph DeSimone of First Federal Realty Desimone Sale, Vacant Land ADDRESS Stephanie St. and Wigwam Pkwy. 89074 BUYER LVCSD … [Read more...]

Panattoni Development Company Finalizes $16.1 Million Sale in Fernley

RENO, Nev. – Doug Roberts, partner for the Nevada division of Panattoni Development Company, announced the company recently finalized the sale of a 337,500-square-foot industrial property located at 2375 E. Newlands Drive in Fernley, Nev. Cole ID Fernley NV LCC purchased the property from Panattoni. The total value of the transaction was $16.1 million. William Palmer of … [Read more...]

Retail Summary: Second Quarter 2013

Read the Nevada Retail Summary: Second Quarter 2013 - summarizing the retail commercial real estate market for Las Vegas and Reno/Sparks.

Southern Nevada The retail market continued to report stabilizing conditions in the second quarter of 2013 as vacancies improved. The vacancy rate fell to 9.8 percent during the second quarter, down 30 basis points from the prior quarter. Compared to a year ago, the rate reported a more substantial decline of 90 basis points. The second phase of Desert Marketplace was the only … [Read more...]

Panattoni Development Company Finalizes $15 Million Lease Extension

Panattoni Development Company

RENO, Nev. (April 25, 2013) – Doug Roberts, partner for the Nevada division of Panattoni Development Company, announced today the company recently finalized a 115-month lease extension with Trex Company Inc. for 337,500 square feet of industrial space in Northern Nevada. The property is located at 2375 E. Newlands Drive in Fernley, Nev. The value of the transaction was … [Read more...]