Once Upon a Time NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2022 “Once Upon a Time ” Bus Tour. These past several years have been a whirlwind and during that time the Southern Nevada market has continued to grow! We are pleased to report that commercial real estate development continues to remain strong throughout the Las Vegas Valley. During the … [Read more...] about NAIOP Bus Tour Guidebook
Logic Commercial Real Estate
A Tale of Two CitiesRetail Commercial Real Estate in Nevada
“Retail commercial real estate (CRE) in Nevada is a tale of two cities, really,” said Chris Richardson, CCIM, director, Logic Commercial Real Estate. “On the one hand, I have never seen such demand for new drive-through restaurants in good areas. It seems like everyone is expanding and some quick serve restaurants that never incorporated drive-through before are starting to … [Read more...] about A Tale of Two Cities
Southern Nevada CCIMWrite the Next Chapter
The commercial real estate industry is constantly changing. Navigating and thriving in that world requires expertise, education, stability and knowledge. Certified Commercial Investment Members earn their designation as CCIMs through extensive and ongoing education, and submission of a portfolio of real-world deals. Before they ever guide a client through a transaction, … [Read more...] about Southern Nevada CCIM
Waiting for the Dust to SettleRetail in COVID-Nevada
The future of retail arrived with an unexpected, massive thunderclap this spring. Now retailers, shopping center developers and real estate brokers who specialize in commercial properties are looking over a landscape dramatically changed by the COVID-19 pandemic, identifying winners and losers and making predictions about the future of retail as it continues to unfold. Nobody … [Read more...] about Waiting for the Dust to Settle
Last WordWhat Tips do you have for Someone who is Afraid of Public Speaking?
Cathy Brooks CEOThe Hydrant Club “Don’t think about speaking to the entirety of an audience. Instead pick a person in the crowd and talk directly to them.” Adam Malan DirectorLogic Commercial Real Estate “The best way to overcome the fear of public speaking is to take any opportunity to publicly speak. You will improve and become more comfortable the more … [Read more...] about Last Word
Uncertain TimesMultifamily in Nevada
April was set to be yet another busy month for sales of apartment complexes in Nevada, one of the hottest multifamily markets in the country. And then, all of sudden, it wasn’t. After state and local governments mandated business closures — with resulting job losses — to battle the COVID-19 pandemic, multifamily investors, developers and managers stepped back … [Read more...] about Uncertain Times
RetailFocus on the Experience
Once upon a time — say, 10 years ago — retail was all about selling stuff. But as the business of selling stuff continues to move online, the word of the moment among retailers and shopping center owners is “experience.” “Experience is a big part of what retailers are looking to incorporate now, whether this is in the form of innovative interiors, games or mobile pickup,” … [Read more...] about Retail
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
CCIM Breaking Barriers: Exceeding Expectations
Among Southern Nevada’s commercial real estate professionals is an elite group of well-educated, experienced, dedicated and charitable individuals called Certified Commercial Investment Members (CCIMs). “Within CCIM there’s camaraderie and a community that I, in 30 years, have not seen in any other organization,” said Christopher McGarey, CCIM, of Berkshire Hathaway … [Read more...] about CCIM Breaking Barriers: Exceeding Expectations
Retail Summary: Fourth Quarter 2017
Northern Nevada by NAI Alliance The Reno/Sparks retail market saw mixed results in the fourth quarter of 2017. The total gross absorption was 51,733 square feet during the quarter with 28 tenants opening stores. The largest tenant opening was the 7,000 square foot Verity Fitness in the Northtowne Marketplace near Winco. There was a negative net absorption of 73,122 … [Read more...] about Retail Summary: Fourth Quarter 2017
Today’s World of Brokerage: What to Know
Larry Singer’s team at Newmark Knight Frank (NKF) has provided services to Ainsworth Game Technology Ltd. for years. First, the commercial real estate brokerage located a Las Vegas site for this gaming machines manufacturer and supplier’s 300,000 square-foot North American headquarters then helped them acquire, through auction, an additional 5-acre parcel from Clark County to … [Read more...] about Today’s World of Brokerage: What to Know
Industry Focus: Commercial Real Estate
The commercial real estate (CRE) industry in Nevada has been growing in recent years despite a number of hurdles professionals have overcome. Leaders in commercial real estate recently met at the Las Vegas offices of City National Bank to discuss the challenges and opportunities facing their industry and what’s on the horizon moving forward. Connie Brennan, … [Read more...] about Industry Focus: Commercial Real Estate
Red Report: April 2017
N Sale, Retail ADDRESS 8043 – 8053 N. Durango Dr., 89131 BUYER Durango SNS, LLC SELLER SSB Propco, LLC DETAILS 11,060 SF; $2,225,000 APN 125-08-817-002 SELLER’S REP Dustin R. Alvino of Marcus & Millichap Sale, Land ADDRESS SEC of Rainbow Blvd. & Ann Rd., 89130 BUYER Herbst Development, LLC SELLER Rainbow Ann 1, LLC DETAILS 1.64 acres; $1.4 million APN … [Read more...] about Red Report: April 2017
Construction Milestone Reached at Dermody Properties’ LogistiCenter at Las Vegas Boulevard
Las Vegas – Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nevada, announced that it reached a construction milestone with the tilt-up and placement of the first wall panels for its 546,480 SF industrial facility on Las Vegas Boulevard near North Walnut Road. The building will be completed on time by the end of the second quarter of … [Read more...] about Construction Milestone Reached at Dermody Properties’ LogistiCenter at Las Vegas Boulevard