Both the Las Vegas and Reno commercial real estate markets are well balanced and healthy for the foreseeable future, but there may be trouble past the horizon. Real estate professionals in both cities echoed similar statements in regard to the health of the markets, but Providence Commercial Managing Partner Mike Montandon said a land shortage could loom in Las Vegas. … [Read more...]
Working for Workplaces: The Office Market in Nevada
The Nevada office real estate market is set to be the most active it’s been since before the Great Recession, but one major factor could stymie the growth. Multiple real estate professionals in Nevada said 2017 was a great year for the office market and 2018 is looking even better, but the consistent absorption has led to a lack of available inventory. Unless more office … [Read more...]
NAR Reports On Risks And Opportunities Facing The Commercial Real Estate Industry
LAS VEGAS – The election of Donald Trump has made for uncertain times. E-commerce and millennials are changing the commercial real estate industry. And retail’s loss has been industrial’s gain. Those are just a few of the takeaways from an in-depth report published by the National Association of REALTORS® (NAR) on the risks and opportunities facing the commercial real estate … [Read more...]
Dermody Properties Starts Construction on 622,726 Square Feet in Northern California
Reno, Nev. – Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nev., recently announced it will develop a 622,726-square-foot industrial facility in Lathrop, Calif. The state-of-the-art facility, known as LogistiCenter(SM) at Lathrop, is located at 2131-2301 E. Louise Ave. John McManus, Executive Vice President at Cushman & … [Read more...]
NAIOP Southern Nevada presents, “Be In the Know: Breakfast with Brokers,”
Who: NAIOP Southern Nevada, the commercial real estate development association; Adam Malan, Director, Logic Commercial Real Estate; Dan Palmeri, Senior Director, Cushman & Wakefield / Commerce; Garrett Toft, SIOR, First Vice President, CBRE; Jennifer Levine, CCIM, Director Cushman & Wakefield / Commerce What: NAIOP Southern Nevada presents, “Be In the Know: … [Read more...]
Dermody Properties Recognized by Real Estate Forum as a Top Dealmaker: Deals of the Year
Reno – Dermody Properties, a national investment, development and management company, and Hillwood Investment Properties, were recently named a Top Dealmaker: Deals of the Year by Real Estate Forum Magazine for the development of the Wayfair Inc. (NYSE:W) fulfillment center in northern Kentucky. LogistiCenter(SM) at 275 is an 898,560-square-foot facility, and one of the … [Read more...]
The New Generation of Las Vegas Legal Space: Commercial Real Estate by Industry
The legal industry is facing a fundamental priority shift that is impacting how law firms look at everything from their investment in technology to how their office spaces are designed. At the heart of this shift are the disparate attitudes and preferences between the generations that are currently in the workforce. The up and coming millennial generation has its own … [Read more...]
Dermody Properties Wins Industrial Deal of the Year
Reno, Nev. – A new fulfillment center that Dermody Properties, a national industrial development company headquartered in Reno, Nev., and Hillwood Investment Properties are developing for Wayfair Inc. (NYSE:W) was recently named the Industrial Deal of the Year by NAIOP, the Commercial Real Estate Development Association (NAIOP). The 898,560-square-foot facility, known as … [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: November 2014
N Sale, Office ADDRESS 6624 Sky Pointe Dr., 89131 BUYER WDG 6624 Sky Pointe, LLC SELLER 2010-1 RADC/CADC Venture, LLC DETAILS ; $315,000 APN 125-21-710-014 REP (Both) David Howes of David Howes Commercial Real Estate Lease, Retail ADDRESS 8350 N. Decatur Blvd., 89031 TENANT Spartan Arms and Range Supplies LLC LANDLORD Decatur Horse LLC DETAILS 4,000 SF; $163,200 … [Read more...]
Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday, August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities over cups of coffee and … [Read more...]
Colliers International Finalizes Lease to Southwest Music Instruction
LAS VEGAS – Colliers International – Las Vegas announced the finalization of a lease to Southwest Music Instruction LLC dba School of Rock. The approximately 2,642-square-foot retail property is located in Paseo Verde Plaza at 55 S. Valley Verde Drive, Suite 470 in Henderson. David A. Grant of Colliers International represented the lessor, Donahue Schriber Realty Group L.P. Dan … [Read more...]
Medtronic Sofamor Danek USA Finalizes Lease on Office Property in Las Vegas
LAS VEGAS - Colliers International – Las Vegas announced the finalization of a lease to Medtronic Sofamor Danek USA. The approximately 1,276-square-foot office property is located at 3841 W. Charleston Blvd. in Las Vegas. The transaction value was $30,628. Neil Sorkin of Cushman & Wakefield represented the lessor, WBCMT 2007-C33 Charleston Blvd LLC. Ryan Martin, SIOR CCIM, … [Read more...]
Nevada Real Estate & Development Report: July 2013
Projects Las Vegas, 89101 Government Las Vegas’ new City Hall has been chosen as the 2013 Public Works Project of the Year by the American Public Works Association. The eight-level, 308,000 SF building replaces the former City Hall that was constructed in 1971. The facility created office space for up to 570 staff members for the City of Las Vegas. The new structural design … [Read more...]
