Many industries are facing significant changes due to the shifts in how professionals work after COVID. On the forefront of many of those changes is property management as they are responsible for maintaining the workplaces of Nevadans. Recently, leaders in property management met in a virtual roundtable, sponsored by City National Bank, to discuss the challenges their industry … [Read more...] about Industry Focus
Cushman & Wakefield
Commercial RE Report: Retail SummaryFirst Quarter 2021
Northern Nevada By Dickson Commercial Group Retail had a strong start to the year in Q1 with $40,203,740 in total sales volume and 19 total sales. The average price per square foot in the first quarter was $347.20 with two sales over $1,000 per square foot. No neighborhood centers traded hands in the first quarter. The market has limited inventory and single … [Read more...] about Commercial RE Report: Retail Summary
Commercial RE ReportRetail Summary: Fourth Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its best quarter of the year in the fourth quarter of 2020 with $84.05 million in total sales volume and 19 total sales. For comparison, the total volume in Q3 was $10.3 million and the total volume in Q2 was $9.6 million. The average price per square foot in the fourth quarter was the lowest average this year at … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: Third Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its second slow quarter in a row with only 11 total sales. The third quarter sales volume came in at $10,303,027. In comparison, Q1 2020 had a total sales volume of roughly $42 million and there was just over $48 million per quarter throughout 2019. The average price per square foot was $331.26. The social … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: Second Quarter 2020
Northern Nevada By Dickson Commercial Group At the start of 2020, employment growth in Reno was among the highest in the nation. Due to COVID-19, the shutdown of many non-essential retailers has caused an impact on this growth. The Nevada Department of Employment, Training and Rehabilitation (DETR) says the state’s overall unemployment rate was at the highest in the … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: First Quarter 2020
Northern Nevada By Dickson Commercial Group Retail sales have been up and down quarter by quarter for some time. Q1 was down by 50 percent from Q4 but volume overall was consistent with averages when looking at the last 12 months. Two major deals made up over 55 percent of the total volume for the quarter which helped keep the numbers up. The first quarter had a … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: Fourth Quarter 2019
Northern Nevada By Dickson Commercial Group The fourth quarter posted the highest dollar volume by almost two times for the year with $87.14 million in sales volume over 22 transactions. Both were highs for the 2019 quarter by quarter. The most notable sale was the 10 building Sparks Galleria disposition, which accounted for roughly half of the quarter’s volume. The … [Read more...] about Commercial RE Report
Christina Roush
Managing Principal, Cushman & Wakefield Type of Business: Commercial Real Estate Based: Las Vegas, NV Hails from: Las Vegas, NV Years Co. has been in Nevada: 10Months with Company in Nevada: 9Employees with Company: 51k What was the toughest lesson you’ve learned in your career? Be humble. Let others take the credit. Who in your life has been instrumental to … [Read more...] about Christina Roush
Nevada Brokers: The Ins and Outs of Commercial Real Estate
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...] about Nevada Brokers: The Ins and Outs of Commercial Real Estate
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...] about Working for Workplaces: The Office Market in Nevada
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...] about NAR Reports On Risks And Opportunities Facing The Commercial Real Estate Industry
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...] about Dermody Properties Starts Construction on 622,726 Square Feet in Northern California
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...] about NAIOP Southern Nevada presents, “Be In the Know: Breakfast with Brokers,”
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...] about Dermody Properties Recognized by Real Estate Forum as a Top Dealmaker: Deals of the Year
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...] about The New Generation of Las Vegas Legal Space: Commercial Real Estate by Industry
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...] about Dermody Properties Wins Industrial Deal of the Year
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...] about Nevada Real Estate & Development Report: November 2014
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...] about Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer
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...] about Nevada Real Estate & Development Report: July 2013