Homeowners Fared Well in Legislature, Says Nevada Association of REALTORS

“Besides helping Nevada families by increasing funds for education, legislators passed several laws that should help homeowners,” said NVAR President.

Nevada homeowners fared well during the state’s 2015 legislative session that concluded this week, according to leaders of the Nevada Association of REALTORS. “Besides helping Nevada families by increasing funds for education, legislators passed several laws that should help homeowners throughout our state,” said NVAR President Kevin Sigstad, a longtime local REALTOR based … [Read more...]

Red Report: June 2015

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

E Sale, Industrial ADDRESS 410 Mark Leany Dr., 89011 BUYER No Sweat Mechanical LLC SELLER M&R Leasing LLC DETAILS 5,400 SF; $415,000 APN 178-01-412-003 BUYER’S REP Jarrad Katz, CCIM, SIOR and Galit Kimerling of MDL Group SELLER’S REP Jack Holler Commercial Real Estate Lease, Retail ADDRESS 617 Mall Ring Rd., Ste 120, 89014 TENANT Wellness Connection of Nevada … [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...]

Trending in Henderson

Today, Henderson is Nevada’s second largest city and consistently ranked on “Best Of” lists from safety to livability.

From a company town to a city companies want to be in: Henderson has trended towards the feel of a hometown community while evolving to meet the needs of residents and businesses. In the 1930s, Henderson housed builders working on Boulder Dam. During World War II the Basic Magnesium Plant in Henderson processed magnesium. Those workers left after the war, but Henderson … [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...]

Office Summary: Fourth Quarter 2014

Southern Nevada The Las Vegas office sector reported positive net absorption for three consecutive quarters in 2014. By the end of the year, the office market vacancy rate was 23.6 percent. The latest vacancy rate is up 0.2 percentage points from the prior quarter, but it has declined 0.7 percentage points from a year ago. During the fourth quarter of 2014, One Summerlin … [Read more...]

CCIM Southern Nevada February Luncheon – The Investment Sales Market is Back

CCIM Southern Nevada Presents the February 2015 Luncheon - The Investment Sales Market is Back - Deals and Opportunities for 2015 NEW LOCATION FOR 2015 Palms Casino Resort 4321 W Flamingo Road Addison Exhibit Hall 1st Floor Next to the Sports Book Date Wed, February 25, 2015 11:30 AM - 1:15 PM Commercial Real Estate Panel featuring: Adam Basch with Kite … [Read more...]

Dickson Realty Awarded Website Quality Certification from Leading Real Estate Companies of the World

Dickson Realty has been awarded the Website Quality Certification (WQC) from Leading Real Estate Companies of the World.

Reno, Nev. – Dickson Realty has been awarded the Website Quality Certification (WQC) from Leading Real Estate Companies of the World, a global network of 500-plus real estate firms which presents the certification to member companies that demonstrate best practices in website design and Internet communications. Dickson’s website, dicksonrealty.com, earned the certification … [Read more...]

Top Brokers 2015

As Nevada’s commercial real estate market rebounds, the state’s brokers are beginning to see a resurgence of business.

As Nevada’s commercial real estate market rebounds, the state’s brokers are beginning to see a resurgence of business. The following pages highlight those brokers that performed at the top of their field in 2014. Brokers are listed alphabetically and separated by Northern and Southern Nevada. Broker’s were asked to submit a variety of information concerning their 2014 deals … [Read more...]

Red Report: February 2015

02-15-red

E Sale, Industrial ADDRESS 3068-3076 Fremont St., 89104 BUYER Caliente NV, LLC SELLER Heitkotter Family LP DETAILS 19,810 SF; $999,000 APN 162-01-701-003 REP (both) Ben Millis and Chris Beets of Newmark Grubb Knight Frank Sale, Industrial ADDRESS 2512 Abels Ln., 89115 BUYER Torrent Holding Inc. SELLER Abels Lane LLC DETAILS 11,000 SF; $650,000 APN … [Read more...]

Industrial Summary: Fourth Quarter

Southern Nevada The Las Vegas industrial market vacancy rate fell to 8.0 percent in the fourth quarter of 2014. The vacancy rate is down 3.6 percentage points from a year ago. Industrial vacancies have been in the single digits for three consecutive quarters with annual declines reported for 12 consecutive quarters. In addition, the vacancy rate has declined 9.0 percentage … [Read more...]

Reno Home Prices Rose Steadily in 2014

Home prices in Reno-Sparks rose throughout 2014, with million dollar homes claiming a bigger piece of the market and pushing up the overall sales volume.

More Growth Expected in 2015 ZEPHYR COVE, Nev. – Home prices in Reno-Sparks rose throughout 2014, with million dollar homes claiming a bigger piece of the market and subsequently pushing up the overall sales volume. The median price of home in Reno-Sparks rose 15 percent to $245,000 and the average price rose 12 percent to $290,302. Overall sales volume was up ten percent … [Read more...]

Retail Summary: Third Quarter 2014

Southern Nevada In the third quarter of 2014, the Las Vegas retail market reported a vacancy rate of 9.1 percent. The latest period represents a decline of 0.1 percentage point compared to the prior quarter (Q2 2014). Compared to a year ago (Q3 2013), the retail vacancy rate has declined 0.3 percentage points. Anchored retail space has now reported annual declines in vacancy … [Read more...]

GLVAR Reports Local Home Prices Bounce Back, While Housing Sales and Supply Slip

Statistics released by the GLVAR show the median price of homes sold last month in Southern Nevada bounced back above the $200,000 mark

LAS VEGAS – Statistics released by the Greater Las Vegas Association of REALTORS (GLVAR) show the median price of homes sold last month in Southern Nevada bounced back above the $200,000 mark as fewer homes were sold and listed for sale. GLVAR reported the median price of homes sold through its Multiple Listing Service during November was $202,000. That’s up 1.1 percent from … [Read more...]

Nevada Association of Realtors Announces LeadershipNVAR Graduates

NVAR its LeadershipNVAR 2014 program and were recognized during a graduation ceremony.

RENO – The Nevada Association of REALTORS (NVAR) announced that 13 of its members completed its LeadershipNVAR 2014 program and were recognized during a graduation ceremony held Dec. 5 at the Peppermill Resort in Reno. This marks the program’s 15th annual graduating class, according to 2014 NVAR President Kolleen Kelley. The comprehensive program is designed to identify … [Read more...]

NVAR names Kolleen Kelley its Realtor of the Year

NVAR honored its leading members at an awards event in Reno on Friday, naming longtime industry leader Kolleen Kelley its 2014 Nevada REALTOR of the Year.

RENO – The Nevada Association of REALTORS (NVAR) honored its leading members at an awards event in Reno on Friday, naming longtime industry leader Kolleen Kelley its 2014 Nevada REALTOR of the Year and recognizing others from around the state for their continued service to their association, their profession and their communities. Kelley, a longtime Las Vegas REALTOR, served … [Read more...]

Nevada REALTORS Announce 2015 Board, Led by 2015 NVAR President Kevin Sigstad

The Nevada Association of REALTORS (NVAR) announced its new officers for 2015.

RENO – The Nevada Association of REALTORS (NVAR) announced its new officers for 2015, led by incoming president and longtime Nevada REALTOR Kevin Sigstad, of RE/MAX Premier Properties in Reno. Sigstad is a former president of the Reno-Sparks Association of REALTORS (RSAR) and served as NVAR’s president-elect in 2014. During its annual installation event to be held Dec. 5 … [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...]

Red Report: December 2014

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

E Project, Multi-Family ADDRESS 5625 S. Hollywood Blvd., 89142 DETAILS The Tempo Senior Apartments recently opened. Ovation Development Corporation and Accessible Space, Inc. (ASI) co-developed the 101-unit affordable senior rental development located in Sunrise Manor. The Mediterranean-style residences feature 60 one-bedroom units. The community space includes high … [Read more...]