“Industrial real estate across the country is doing extremely well right now. Las Vegas is out performing, but it’s not exclusive to Las Vegas,” said Garret Toft, executive vice president, industrial, CBRE. “We’re seeing a period of very strong demand from tenants and users at a time where we’ve been developing quite a bit of industrial. But, demand is outpacing [supply] and … [Read more...] about New Users and Uses
Dickson Commercial Group
Commercial RE Report: Retail SummarySecond Quarter 2021
Northern Nevada By Dickson Commercial Group Retail had another strong quarter with Q2 total sales at nearly $48 million over 23 total sales. The average price per square foot in the first quarter was $356.76 with two sales over $1,000 per square foot. No neighborhood centers have traded hands in the first two quarters of 2021. The market has limited inventory and … [Read more...] about Commercial RE Report: Retail Summary
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
Multi-Family in NevadaLet’s Get Vertical
When the pandemic locked Nevada into quarantine in 2020, multi-family commercial real estate market professionals braced for bad news. With the state essentially at a standstill, the most likely scenario was the multi-family commercial real estate market would take a direct economic hit. Instead, the opposite happened. The pandemic accelerated the market nationally, and the … [Read more...] about Multi-Family in Nevada
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
Dickson Commercial Group Sells Midtown’s Best Bet Motel
Dickson Commercial Group is pleased to announce the recent sale of 941 South Virginia Street. Multifamily team, Trevor Richardson and Chris Moton represented both sides of the acquisition that closed October 2, 2020. The 8,080 square foot multifamily converted motel stands on a .33 acre lot centrally located in Reno’s hip Midtown district. The Best Bet Motor Lodge was sold … [Read more...] about Dickson Commercial Group Sells Midtown’s Best Bet Motel
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
Dickson Commercial Group’s Industrial Team Completes 6.4 Acre Land Sale in South Meadows
Dickson Commercial Group is pleased to announce a recent industrial land sale in South Meadows. Joel Fountain, Nick Knecht and Baker Krukow represented the buyer, McKenzie Properties Management, Inc., in the land sale acquisition of 0 Double Diamond Pkwy and 0 Trademark Dr. The 6.4-acres, consisting of two vacant land parcels were purchased from Lainer Development on July … [Read more...] about Dickson Commercial Group’s Industrial Team Completes 6.4 Acre Land Sale in South Meadows
Industry FocusBrokers
As Nevada businesses work to adjust to a rapidly changed world, executives in commercial brokerage see a multitude of changes to their industry. From tenant and landlord to bankers, brokers are involved in nearly every aspect of the commercial real estate industry and are working to advise their clients moving forward in a post-COVID world. Recently, brokerage executives … [Read more...] about Industry Focus
CoStar Honors Dickson Commercial Group Partners As Top Office Leasing Brokers
Each year, CoStar, a leading source in commercial real estate information, identifies a select number of real estate firms and individual brokers who closed the highest overall transaction volumes in commercial property sales and leases within their respective markets based on transaction data in CoStar's commercial real estate database. Dickson Commercial Group (DCG) is … [Read more...] about CoStar Honors Dickson Commercial Group Partners As Top Office Leasing Brokers
Dickson Commercial Group Completes Sale at Kingsbury Grade, Stateline, Nev.
Travis Hansen, CCIM of Dickson Commercial Group represented the Seller, JM Ranches, LLC in the two-building sale of 298 Kingsbury Grade & 160 Pineridge Drive in Stateline, Nev. The Buyer, Kingsbury General Improvement District (KGID), purchased the two properties consisting of 15,788 SF for $2,695,000 on April 9, 2020. The mixed-use multi-tenant buildings include Office, … [Read more...] about Dickson Commercial Group Completes Sale at Kingsbury Grade, Stateline, Nev.
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
DCG Completes Investment Sale of 14,920 SF Retail Building at 9570 South McCarran Blvd
DCG is pleased to announce the recent transaction completed by the investment team. Chris Shanks, CCIM and Matt Dericco of DCG represented a Northern California based 1031 buyer in the purchase of the 14,920 sq. ft. multi-tenant retail building at 9570 South McCarran Blvd, in Northwest Reno. Tenants included Anna’s Mexican Grill, Quik Smog, Advanced Health Chiropractic, … [Read more...] about DCG Completes Investment Sale of 14,920 SF Retail Building at 9570 South McCarran Blvd
Commercial RE ReportRetail Summary: Third Quarter 2019
Northern Nevada By Dickson Commercial Group Investment activity slowed slightly in Q3, with over $34 million in volume over 19 transactions, down from $55 million in Q2. The quarter simply lacked any major shopping center deals, as most were pushed into the early part of Q4. The largest leasing transaction this quarter was for Action Home Appliance & TVs. … [Read more...] about Commercial RE Report
Corry Casteneda From Dickson Commercial Group Receives CPM Designation
(Reno, Nev.) – Director of Dickson Commercial Group’s Commercial Property Management, Corry Casteneda has completed the Certified Property Manager (CPM) designation. The CPM is a real estate professional designation awarded by the Institute of Real Estate Management (IREM) and recognized by the National Association of Realtors (NAR). The Institute offers a comprehensive program … [Read more...] about Corry Casteneda From Dickson Commercial Group Receives CPM Designation
Commercial RE ReportRetail Summary: Second Quarter 2019
Northern Nevada By Dickson Commercial Group After a slow start to the year, retail sales had a much-needed pickup in the second quarter of 2019. Q2 was the best quarter in the past year with respect to volume and had almost $55 million in transactions with an average price per square foot of $261. One of the most notable sale transactions was Cabela’s, which sold for … [Read more...] about Commercial RE Report
DCG Represents Pediatrician Group in New Office Acquisition.
(Reno, Nev.) – Dickson Commercial Group (DCG) is pleased to announce the successful closing of 3725 Lakeside Drive. The 4,338 square foot Medical Office building sold for $1,112,500 in May of 2019. The building is located near the intersection of Lakeside Drive and Moana Lane in the Lakeside Professional Center. Dominic Brunetti, CCIM and Scott Shanks, SIOR represented … [Read more...] about DCG Represents Pediatrician Group in New Office Acquisition.
Commercial RE ReportRetail Summary: First Quater 2019
Northern Nevada By Dickson Commercial Group The first quarter of 2019 had many smaller retail lease deals, with the majority under 11,000 square feet. Village at Rancharrah, Tolles Development Company’s new development, has signed on nine tenants so far. Süp, Centro Due and Coffeebar are a few of the restaurants that have joined the project. Clothing retailers, Chez Vous … [Read more...] about Commercial RE Report
Reshaping Commercial Real EstateBrokers in Nevada
Buying, selling and investing in commercial real estate isn’t the same today as it was 10 years ago, and 10 years from now it should be completely changed. “Technology is changing in our industry,” said Brendan Keating, CEO, Logic Commercial Real Estate. “So the way we have to approach business, we need to be thinking about our technology while we’re marketing. Technology … [Read more...] about Reshaping Commercial Real Estate