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...]

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...]

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...]

Office Summary: Third Quarter 2014

Southern Nevada The Las Vegas office market vacancy rate fell to 24.8 percent in the third quarter of 2014. Compared to the prior quarter, vacancies fell 0.4 percentage points. Meanwhile, the vacancy rate is down 0.7 percentage points compared to a year ago. While the office market vacancy rate remains significantly higher than its industrial and retail counterparts, it has … [Read more...]

Park Place Infiniti Sponsors Smiles for Survivors; Governor Approves Solar Tax Incentives

Park Place Infiniti Sponsors Smiles for Survivors Park Place Infiniti is sponsoring the fourth annual Blow Out Breast Cancer event, presented by the Smiles for Survivors foundation and Square Colour Salon and Spa. [Read More...] Governor’s Office of Energy Approves Solar Tax Incentives Highlighting its commitment to renewable energy in Nevada, the Governor’s Office of Energy … [Read more...]

Dickson Realty Selected as Exclusive Listing Broker for The Residence Club at Nakoma

Reno, Nev. – Dickson Realty has been selected as the exclusive listing broker for The Residence Club at Nakoma, a golf resort community near Graeagle, Calif. in Plumas County. The Residence Club at Nakoma is an equity residence club providing members shared ownership of fully furnished Frank Lloyd Wright-inspired residences within the Nakoma resort community. The Schomac … [Read more...]

Managing Nevada: Commercial Property Management in the Silver State

As the commercial real estate market is enjoying a healthy rebound, commercial property owners are on the hunt for experienced property management.

As the nation’s recession continues to drift further into the distance, the commercial real estate market is enjoying a healthy rebound. This means more commercial property owners are on the hunt for experienced property management companies to protect their investments. During the height of the economic downturn, Nevada’s real estate industry was on the receiving end of … [Read more...]

NAIOP Works for Southern Nevada’s Commercial Real Estate Industry

NAIOP gives everybody a seat at the table and allows the leaders of the Southern Nevada’s commercial real estate industry the opportunity to work together.

As an organization, it’s clear that NAIOP works. The commercial real estate development association serves as the premier trade organization for commercial real estate development professionals in Southern Nevada. Membership includes brokers and developers as well as general contractors, bankers, architects, engineers, title companies and attorneys. In large part, it’s the … [Read more...]

Retail Summary: Second Quarter 2014

Southern Nevada The Las Vegas retail vacancy rate reported a slight increase in the second quarter of 2014. The rate rose 0.1 percentage point compared to the prior period (Q1 2014) to 9.1 percent. However, compared to a year ago, the retail vacancy rate remains down 0.7 percentage points. Since the high of 11.1 percent reached in the third quarter of 2010, vacancies have … [Read more...]

Nevada Land Market Continues to Recover

“The land market has been in recovery since 2010, and homebuilders have been driving that,” said managing partner of Sunbelt Development & Realty Partners.

Demand for land in Nevada has resembled a rollercoaster pattern this decade. During the real estate boom in the first half of the 2000s, both residential and commercial developers hungrily purchased land, driving up prices. With the recession, the opposite happened; development nearly ceased, land demand decreased and so did the price. Again, the pendulum has begun to swing … [Read more...]

Office Summary: Second Quarter 2014

Southern Nevada The Las Vegas office vacancy rate declined in the second quarter of 2014 after increasing in the first quarter of the year. During the latest period, the sector reported a vacancy rate of 25.2 percent, which is down 0.4 percentage points from the prior quarter. Compared to a year ago, vacancies have fallen 0.5 percentage points. The office market vacancy rate … [Read more...]