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.… [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… [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… [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… [More...]