Dickson Commercial Group (DCG) presents one of the largest contiguous land assemblages for sale in downtown Reno, a mixed use developed called Virginia/Center. The offering includes 10 contiguous parcels totaling 1.935 acres (84,180 square feet) of mixed use land. The current zoning is Mixed Use Downtown Regional (MUDR). “This is an attractive, solid footprint for the … [Read more...]
Dickson Commercial Group Completes Sale of Downtown Sparks Mixed-Use Investment Property
Dickson Commercial Group (DCG) is pleased to announce the successful sale of 1500, 1516, 1564 Prater Way & 1565 F Street in Sparks. Randy Walker of DCG represented the seller, Park Village Square LTD, in the sale of the Downtown Sparks mixed-use property. Trevor Richardson of DCG represented the buyer. The mixed-use property, consisting of an auto smog shop, fast food … [Read more...]
Chris Moton Joins Dickson Commercial Group
Reno – Chris Moton has joined the team of Dickson Commercial Group (DCG), a full-service commercial real estate firm, as a multifamily specialist. Chris has been involved in real estate investment for more than five years and has completed an MBA from the UCLA Anderson School of Management with focus on urban real estate investment and entrepreneurship. Prior to joining DCG, … [Read more...]
Dickson Commercial Group Announces Sale of the Wolf Run Student Housing Portfolio for $35.5 Million
(Reno, Nev.) – Wolf Run Village and Wolf Run East has been sold for $35.5 million marking one of the largest multifamily transactions in 2018, and the largest student housing deal this year in northern Nevada. Located just east of the University of Nevada, Reno Campus, the Wolf Run Village and Wolf Run East portfolio has a total of 142 student-only units with 395 beds and … [Read more...]
DCG Completes Another Retail Lease at Double Diamond Town Center
DCG is pleased to announce the successful completion of another retail lease at 465 South Meadows Parkway in the Double Diamond Town Center. Senior Retail Broker Gary Tremaine represented the landlord, Double Diamond Town Center, in the lease of 1,200 square feet to tenant, Elite Taekwondo. Currently, there are 5 suites left available for lease, ranging from 1,200 square … [Read more...]
DCG Completes Multiple Retail Leases at New Golden Valley Development
Dickson Commercial Group (DCG) is pleased to announce the successful completion of two retail lease transactions at 440 Golden Valley. Senior Retail Broker Gary Tremaine represented the landlords, Dennis Banks & Art Hinckley, in the lease of two spaces at the 12,000-square foot, ground up retail center located 440 E. Golden Valley Road. Suite D with 1,200 square feet … [Read more...]
DCG Completes Office Lease at Lexington Quail Office Park
Dickson Commercial Group (DCG) is pleased to announce a successful lease at Lexington Quail Office Park in Sparks, Nev. Pat Riggs and Travis Hansen, CCIM of DCG represented the landlord, Liberty Capital Partners II LLC, in the lease of 1,456 square feet of medical office space to Alma Clinic. Lexington Quail is a well-positioned medical and office park on McCarran Boulevard. … [Read more...]
DCG Partners Complete Two-Building Disposition in Reno’s Airport Submarket
DCG is pleased to announce the recent closing of two adjacent office buildings in the Airport Submarket of Reno, Nev. Dominic Brunetti, CCIM and Scott Shanks, SIOR represented the seller in the concurrent disposition of the buildings to two separate buyers. The 9,797 square foot building located at 1465 Terminal Way was sold for $795,000 to Seven K properties as an … [Read more...]
DCG Announces Four Recent Sales Completed by Fred Miller and Sheila Colfer
Sheila Colfer, CCIM, and Fred Miller, SIOR, of Dickson Commercial Group (DCG) are pleased to announce the successful completion of four recent sales transactions. In the Airport Submarket, Colfer and Miller represented the seller, Altair Nanotechnologies Inc, in the disposition of 204 Edison Way, a 79,392 square-foot manufacturing building, which sold for $3,000,000 to an … [Read more...]
Dickson Commercial Group Adds Another Successful Sale in Downtown Corridor.
Reno – Dickson Commercial Group (DCG) is pleased to announce another successful sale of a large building in the downtown corridor. Tom Fennell, CCIM and Chris Shanks, CCIM represented the selling entity, Stonepine Properties, LLC in the transaction. The building sold for $1,650,000. The 24,050 square foot building was built at the turn of the century and features an … [Read more...]
Cold Storage Fulfillment Center Opens in Stead
Reno - Dickson Commercial Group (DCG) is pleased to announce new tenant, Crystal Creek Logistics, to the industrial building at 9250 Red Rock Road. Crystal Creek Logistics provides perishable and frozen order fulfillment for e-commerce with dedicated customer support and sustainable practices. This facility opening marks one of the first cold storage fulfillment centers the … [Read more...]
Tom Fennell of Dickson Commercial Group Recognized Nationally With CCIM Rising Star Award
Reno - Dickson Commercial Group (DCG) announces Tom Fennell, CCIM and principal, as one of 10 national CCIM’s Rising Star Awards recipients. The award is given to commercial real estate professionals 30 years and younger, who are recognized for changing the dynamics of the commercial real estate industry. CCIM Institute is commercial real estate’s most influential … [Read more...]
S3 Development Acquires 40,000 Sq. Ft. 1950’s Brick Office Building in Downtown Reno
Reno – S3 Development with assistance from Dickson Commercial Group (DCG) is pleased to announce its most recent acquisition of Reno’s newest mixed-used redevelopment project at the southeast corner of Wells and Ryland. The 39,816 square-foot office building was purchased by S3 Development for $4,400,000. The building has visibility along both Wells and Ryland, and provides … [Read more...]
Lakeside Shopping Center Trades Hands to New Ownership Group
Reno – Dickson Commercial Group (DCG) is pleased to announce the sale of the Lakeridge Pointe Shopping Center, a 35,000 square-foot neighborhood center located in the Meadowood submarket of Reno. The property was purchased by an affiliate of Alignment Real Estate (ARE) from the original developer, Lakeridge Pointe Associates. ARE was represented by Chris Shanks, CCIM and Tom … [Read more...]
Lindy Deller of Dickson Commercial Group Receives NAIOP Volunteer Of The Year Award
Reno – Dickson Commercial Group (DCG) congratulates Lindy Deller on receiving the 2018 NAIOP Volunteer Of The Year Award, a nationwide award for outstanding commitment to the organization. Deller was instrumental in creating the Developing Leaders Institute class for NAIOP Northern Nevada. Working with prominent leaders in the commercial real estate industry, Lindy created a … [Read more...]
Industrial Summary: Fourth Quarter 2017
Northern Nevada By CBRE Reno The Northern Nevada industrial real estate market showed strong performance in Q4 2017. With approximately 1.4 million square feet of positive net absorption recorded this quarter, the region’s 2017 positive absorption total grew to 3.9 million square feet. The completion of two new Class A speculative projects in Q4 added much-needed space to … [Read more...]
KPS3 Acquires Building in Downtown Reno
RENO — KPS3 Marketing, a full-service marketing and digital communications firm, has acquired a three-story office building located at 500 Ryland Street. The purchase demonstrates KPS3’s investment in the vibrant business growth and development happening in downtown Reno. The building consists of 15,657 square feet of office space. KPS3 plans to remodel the top and bottom … [Read more...]
Dickson Commercial Group Sells Flex Building in Carson City
Carson City, Nev. – Dickson Commercial Group is pleased to announce the successful sale at 4388 N. Carson Street. The building is located in North Carson near the Carson Tahoe Medical Center. The 15,666-square-foot, freestanding flex building was purchased by owner-user Galfer USA, LLC from McCloskey Family Trust for $1,400,000 ($89 p/sf). Galfer USA specializes in performance … [Read more...]
Dickson Commercial Group Sells Class A Office Building in Caughlin Ranch
Reno, Nev. – Dickson Commercial Group is pleased to announce the successful sale at 4795 Caughlin Parkway in Reno. The Class A, 13,799-square-foot, a freestanding office building on 0.687 acres was purchased by TGF, LLC from Sierra Investments 1, LLC for $2,400,000 ($174 p/sf). Dominic Brunetti, CCIM, and Scott Shanks, SIOR of DCG, represented the seller, and Harvey Fennell and … [Read more...]
Office Summary: Third Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q3 2017 declined by 0.9 points to 18.3 percent from Q2 2017. Compared to Q3 2016, the office vacancy rate was down 1.8 points, from 20.1 percent. Vacancy rates ranged from 15.9 percent for Class C space to a high of 20.8 percent for Class B space in Q3. Las Vegas Valley’s office vacancy rate in Q3 2017 declined by 0.9 … [Read more...]
