Northern Nevada By Jordan Lehman, Colliers | RENO Reno’s office market began 2022 with incredible momentum. The region saw robust investment activity, sizeable rent growth and shrinking vacancy. Office sales volume of $76.1 million was the highest first-quarter total on record. Pricing continued to climb this quarter as average sales price grew 65.9 percent year-over-year … [Read more...] about Commercial RE Report
Las Vegas real estate
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
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
Post Pandemic DownsizeOffice Projects in Nevada
Tom van Betten, vice president of strategic partnerships for Matter Real Estate Group, worries about the problems he sees just over the horizon for the office-development market — problems that are directly linked to the uncertainties that have troubled the sector for the past year. Matter is the developer of the $400 million UnCommons mixed-use project in southwest Las … [Read more...] about Post Pandemic Downsize
Hot MarketTime to Buy in Nevada?
I’m confident that anyone who tried to predict where they’d be at the end of 2020 was wrong. No one could have anticipated the realities of last year. Trying to plan for the future, either professionally or personally, has been challenging for many because we simply don’t know what’s just around the corner. We started the year with an air strike on Iranian army general Qasem … [Read more...] about Hot Market
Luxury DemandOpulent Homes Selling in Nevada
Recently, a home in MacDonald Highlands in Henderson sold for $5.35 million. While significantly higher than the median sale price, it’s representative of a typical transaction these days, according to real estate brokers and developers in Nevada. What was unusual about this particular deal was that the 80-year-old retiree in Florida who purchased the home conducted the … [Read more...] about Luxury Demand
CCIM: A New WorldNavigating Changing Times with CCIM
Without change, nothing grows. But unexpected, chaotic change in economic systems and business transactions causes uncertainty and lost opportunities. In uncertain times, people reach for touchstones, for information and for the guidance of experienced professionals in their own markets. Seasoned, professional CCIM designees possess the knowledge, stability and expertise to … [Read more...] about CCIM: A New World
Nevada’s Title IndustryOn the Sidelines
Ask Robert Ray how Nevada’s title industry from a commercial real estate perspective is doing amid the coronavirus pandemic, and you’ll get a mixed response. In the title business for 25 years, and senior vice president, manager of Fidelity National Title Group in Las Vegas, Ray is anxious to see how the industry recovers as businesses begin to reopen and employees begin … [Read more...] about Nevada’s Title Industry
Stable and SustainableNevada’s Residential Market
Nevada’s residential housing should be stabilized and sustainable throughout 2020. Despite a relative lack of inventory and as potential homebuyers continue to flock to northern and southern Nevada alike, multiple Nevada real estate executives said they believe the housing market will settle into a groove. “For the first time in 13, 14 years, I can use the words stable … [Read more...] about Stable and Sustainable
Red ReportJanuary 2019
E Sale, Retail Address 1205 Las Vegas Boulevard S, 89104 Seller DeCar Enterprises Details 31,000 SF; $6 million APN 162-03-106-001 Seller Rep Cathy Jones, CCIM, Anders Graciano and Paul Miachika of Sun Commercial Real Estate Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM … [Read more...] about Red Report
Red Report: December 2018
E Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM of Colliers International Seller Rep Dan Doherty, SIOR, Paul Sweetland, SIOR and Jerry Doty of Colliers International Sale, Multi-Family Address 4870 Nellis Oasis Ln. and 5025 Nellis Oasis Ln., 89115 Buyer … [Read more...] about Red Report: December 2018
CRE Financing: Evolving with Nevada’s Economy
A tremendous number of loans for commercial real estate (CRE) projects are being sourced and approved in Nevada in what’s described as a robust market being driven by industrial and multi-family properties. “We are seeing a good deal of industrial, including build-to-suit industrial and even some spec type industrial, and we’re seeing a lot of multi-family [apartments] and … [Read more...] about CRE Financing: Evolving with Nevada’s Economy
Retail Summary: Second Quarter 2018
Northern Nevada By NAI Alliance The overall Northern Nevada economy continues to improve through the second quarter. The overall vacancy in the Reno/Sparks area decreased to 12.45 percent from the previous quarter of 13.12 percent. There was a total gross absorption of 219,414 square feet during the quarter, with a net absorption of 80,792 square feet. The anchor vacancy … [Read more...] about Retail Summary: Second Quarter 2018
Red Report: October 2018
E Sale, Industrial Address 4425 & 4405 E. Sahara Ave., 89104 Buyer CIP Real Estate Corporation Seller East Sahara SPE Details 72,042 SF; $6.8 million APN 161-08-101-001 Seller Rep Brian Riffel, SIOR and Tyler Jones of Colliers International Sale, Industrial Address 2729 N. Lamb Blvd., 89115 Buyer Beverage Excellence Seller MCA Lamb Details 6,347 SF; … [Read more...] about Red Report: October 2018
Jennifer Ott named CALV Member of the Year
LAS VEGAS – The Commercial Alliance Las Vegas (CALV) honored local commercial real estate industry leader Jennifer Ott as its CALV Member of the Year. Ott, who holds the Certified Commercial Investment Member (CCIM) designation, was CALV’s president in 2017. She was honored during CALV’s 13th annual Commercial Alliance Educational Symposium for commercial real estate … [Read more...] about Jennifer Ott named CALV Member of the Year
Nevada State College Hires Las Vegas Native Anthony Ruiz as Senior Advisor of Government Relations and Community Affairs
Henderson – Nevada State College announces Anthony Ruiz as new senior advisor of Government Relations and Community Affairs for Nevada State College. A Las Vegas native, Ruiz will be responsible for working with state, local and federal government officials and their staffs to successfully execute the College’s mission and Board of Regent approved initiatives. This position is … [Read more...] about Nevada State College Hires Las Vegas Native Anthony Ruiz as Senior Advisor of Government Relations and Community Affairs
Robert Coomer Named Home At Last VIP
Henderson – Home At Last, a program of the Nevada Rural Housing Authority (NRHA), presented Robert Coomer, regional vice president at Cardinal Financial Company 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 … [Read more...] about Robert Coomer Named Home At Last VIP
Tolles Development Company Acquires Industrial Assets in Reno-Sparks
Five warehouses in the Reno-Sparks area are under new ownership after a transaction between Tolles Development Company and McKenzie Properties. Tolles Development Company has increased its portfolio by acquiring a combined total of more than 202,700-square-feet in warehouse spaces in Reno-Sparks. Landmark buildings include The Generator, an inclusive artspace known for … [Read more...] about Tolles Development Company Acquires Industrial Assets in Reno-Sparks
Colliers International – Las Vegas Closes $16M Sale of Matter Real Estate Group’s Foremost Industrial Property Matter @ Craig
LAS VEGAS – Colliers International – Las Vegas is pleased to announce that Matter Real Estate Groups’ newly constructed 155,790-square-foot class A industrial building located at 4325 Corporate Center Drive has been sold to Christie Lites – the largest stage lighting company in North America. Jerry Doty of Colliers International represented the buyer Christie Lites, and Dan … [Read more...] about Colliers International – Las Vegas Closes $16M Sale of Matter Real Estate Group’s Foremost Industrial Property Matter @ Craig