Newmark Knight Frank represented DM Rainbow LLC in the sale of NWC Rainbow Blvd. & Maulding Ave., a .35 acre parcel of land, to Latco SC, Inc. Total consideration was $545,000. Managing Director Michael Zobrist and Executive Managing Director Nelson Tressler of Newmark Knight Frank represented the seller in the transaction. … [Read more...]
Re/Max Reality Affiliates Welcomes New Agent Patty Pankopf
Reno – Real estate professional Patty Pankopf has joined RE/MAX Realty Affiliates (RRA) as a new agent in the Reno office. Pankopf brings a well-rounded wealth of experience to RRA. She spent more than 11 years as the former owner/manager of a law practice in Nevada and California specializing in real estate law and as a title sales representative in southern California, so … [Read more...]
GLVAR Hires Julio Jimenez-Wenz as New Communications Director
LAS VEGAS – Julio Jimenez-Wenz has joined the Greater Las Vegas Association of REALTORS (GLVAR) as its communications director after three years of spearheading the sales and marketing efforts of the Las Vegas Review-Journal’s Sunday real estate section, which included the popular Real Estate Millions print and video feature. Jimenez-Wenz has more than 20 years of experience … [Read more...]
Dermody Properties Acquires Four Buildings in California’s Fremont Research Center
RENO – Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, announced its purchase of four buildings at Fremont Research Center located in Fremont, Calif., a submarket within the Silicon Valley. The buildings, totaling 191,703 square feet, are 87 percent occupied and are … [Read more...]
Dickson Commercial Group Lists Virginia/Center For Sale, a Mixed Use Development in Downtown Reno
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...]
NAIOP Southern Nevada Presents “An Eye on Our Market – a Market Panel” at September Breakfast
NAIOP Southern Nevada presents an expert panel discussion of Southern Nevada’s commercial real estate market as part of its monthly member meeting. Industry experts will discuss implications of shared work space, how e-commerce is affecting retail occupancy and the health of office and mixed-use development during the recovery Las Vegas is experiencing. The panel includes … [Read more...]
Putting Nevada on the Path to Better Infrastructure
Nevada depends on hospitality. In fact, the federal government finds that “leisure & hospitality” is the state’s leading industry. But it’s difficult to be welcoming if a state’s roads, bridges, airports, sewers and other systems are wearing out. Nevada needs to make big investments in infrastructure to keep growing its economy. But right now, there isn’t enough money to … [Read more...]
Northcap Commercial Multifamily Arranges Sale of Tara Vista Apartments for $4,307,000
Robin Willett, Devin Lee, CCIM, Jerad Roberts, and Jason Dittenber, of Northcap Commercial Multifamily, are pleased to announce the recent sale of Tara Vista Apartments for $4,307,000 ($76,910/unit). This sale consisted of 56 multifamily units built in 1963, located at 3883, 3931, 3979 Tara Ave in Las Vegas, Nevada. This off-market transaction closed on August 24, 2018. … [Read more...]
RSAR Releases August 2018 Existing Home Sales Report
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its August 2018 report on existing home sales in Washoe County, including median sales price and number of home sales in the region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com). During August 2018, the report showed Washoe County had 542 sales of … [Read more...]
The Reno/Sparks Association of REALTORS to Host Black & White Affair with Flair
Benefiting Ronald McDonald House Charities Northern Nevada RENO – The Reno/Sparks Association of REALTORS (RSAR) will host the annual Black & White Affair with Flair on Thursday, September 20 at the Whiney Peak Hotel in downtown Reno. Ronald McDonald House Charities Northern Nevada, a home away from home for families with a child receiving treatment at an area … [Read more...]
Colliers International – Las Vegas’ Industrial Team Leases Panattoni’s ±482,300 Square Foot Distribution Facility at south15 Airport Center
LAS VEGAS – Colliers International – Las Vegas is pleased to announce the lease up of Panattoni’s newly completed ±482,300 SF distribution facility at South15 Airport Center in Henderson to Smith Food & Drug Centers, Inc. The facility will be used by Smith’s as a distribution center for dry good products serving locations in the southwest, including Nevada, New Mexico, … [Read more...]
Finel and Bartshe Home Team of RE/MAX Professionals Named Home At Last VIP
Carson City – Home At Last, a program of the Nevada Rural Housing Authority (NRHA), has presented the Finel and Bartshe (FaB) Home Team, comprised of Margaret Finel, Robert Bartshe, Amber Estrada, Melissa Meneses and Kaeli McCord of RE/MAX Professionals in Reno, the Very Important Partner (VIP) Award for Northern Nevada. The VIP award is given to professionals who help NRHA … [Read more...]
Jenny Cox Named Home At Last VIP
Las Vegas – Home At Last, a program of the Nevada Rural Housing Authority (NRHA), has presented Jenny Cox, senior loan officer for Guild Mortgage in Las Vegas, the Very Important Partner (VIP) Award for Southern Nevada. The VIP award is given to professionals who help NRHA and the Home At Last program fulfill the mission of promoting, providing and financing affordable … [Read more...]
Northcap Commercial Multifamily Arranges Sale of Merlayne Villas for $2,800,000
Devin Lee, CCIM, Jason Dittenber, Jerad Roberts, and Robin Willett, of Northcap Commercial Multifamily, are pleased to announce the recent sale of Merlayne Villas Apartments for $2,800,000 ($87,500/unit). This sale consisted of 32 multifamily units built in 1994, located at 409-417 E. Merlayne Drive in Henderson, Nevada. This off-market transaction closed on August 23, 2018. … [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...]
Berkshire Hathaway HomeServices Nevada Properties Makes Inc. 5000 Hall of Fame
Berkshire Hathaway HomeServices Nevada Properties has been recognized in the Inc. 5000 Hall of Fame for being recognized as one of America’s fastest growing companies for the 5th time this year. The firm, which has been operating since 1979, received the honor in the 37th Annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies, announced this … [Read more...]
StoryBook Homes Announces Home Pricing for Boulder Hills Estates
StoryBook Homes is proud to announce pricing for homes currently under construction in their newest development, Boulder Hills Estates, located at Bristlecone Drive and Adams Boulevard in Boulder City, Nevada. Prices will start in the low $400,000's. Floor plans include: Single Stories: 1,935 sf - 3 bedrooms, 2 baths, 2 bay garage; 2,223 sf - 3 bedrooms + den, 2 1/2 … [Read more...]
Dermody Properties Acquires 14 Acres in Vacaville, Calif. for New LogistiCenter
Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics real estate, announced its purchase of 14 acres on Icon Way in Vacaville, Calif. LogistiCenter(SM) at Vacaville will feature 252,160 SF of Class A space for industrial/logistics tenants. Groundbreaking is scheduled to occur in … [Read more...]
Commercial Property Management: Changing and Adapting with Nevada’s Economy
All three commercial real estate sectors – industrial, retail and office – are growing in Nevada, though at different speeds by sector and geography. Industrial is driving the growth, office is still lagging but beginning to grow and retail is returning as the economy continues to recover. Commercial real estate sectors might be experiencing growth, but investors, businesses … [Read more...]
Office Summary Second Quarter 2018
Northern Nevada By Colliers Reno The Northern Nevada office market pulled ahead this quarter and 2018 is setting up to be a productive year. The market posted an increase in positive absorption to 63,786 square feet and the vacancy rate decreased to 11.7 percent from the 12.3 percent recorded in the first quarter of 2018. Office activity has been strong in the Reno market … [Read more...]
