The past year of pandemic related hurdles has presented unique challenges for commercial real estate (CRE) professionals. Each submarket was affected differently by COVID and the market shifted to reflect those changes. Recently, executives representing commercial real estate in Nevada met virtually in a roundtable sponsored by City National Bank to discuss the changes to the … [Read more...] about Industry Focus
Kidder Mathews
Industrial SubmarketDemand Over Pandemic
The industrial real estate market has been crucial to the economy throughout the coronavirus pandemic as its stability has been driven by demand from e-commerce companies as consumer spending habits have shifted away from brick-and-mortar retail to online. That shift may be permanent as Nevada’s economy begins to recover from the pandemic. But some brokers believe retail … [Read more...] about Industrial Submarket
Weighing The Options: Owning Versus Leasing Commercial Real Estate
Weighing the benefits of leasing or owning real estate is important for any business, but Nevada real estate professionals said there’s no definitive answer to which option is best. Both leasing and owning real estate offers businesses advantages and disadvantages and the decision of which route to take is up to the leadership at each company, said Jeff Jenkins, executive … [Read more...] about Weighing The Options: Owning Versus Leasing Commercial Real Estate
Dermody Properties Announces Plans for 225,972 SF Development in Washington
SEATTLE – Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nev., recently announced plans to develop a 225,972-square-foot industrial facility in Fife, Washington. The property, known as LogistiCenter at 167, is located at 7402 26th Street East. Dermody Properties is both owner and developer of the project. The company will start … [Read more...] about Dermody Properties Announces Plans for 225,972 SF Development in Washington