Northern Nevada By Colliers Reno Reno/Sparks saw office vacancy decrease in the second quarter of 2020, perhaps defying the expectations of some observers. Office vacancy decreased to 9.4 percent in the second quarter, from 10 percent in the first quarter of 2020. The average asking rate for office space decreased to $1.83 per square foot on a full service gross … [Read more...] about Commercial RE Report
LogistiCenter
Commercial RE ReportIndustrial Summary: Second Quarter 2020
Northern Nevada By CBRE Reno As the COVID-19 pandemic unfolded in Q2 2020, it delivered a widespread shock to the U.S economy. While it is too early to fully comprehend the long-term impact the pandemic will have, industrial real estate has emerged well positioned to weather the current economic climate. The Reno industrial market finished the quarter strong after an … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary: First Quarter 2020
Northern Nevada By CBRE Reno Strict stay-at-home orders due to the COVID-19 pandemic are leading the U.S. economy into a recession with a very sharp GDP decline in for Q1 2020. However, the unique nature of this downturn could result in an unusually swift economic recovery that may begin as early as Q3 2020. Prior to the pandemic, the Reno industrial market began to … [Read more...] about Commercial RE Report
Dermody Properties Begins Construction on 436,368 Square Feet in Reno
Developer has 615,000 Additional Square Feet Planned for Early 2018 RENO — Dermody Properties recently began construction on an additional building in its LogistiCenter(SM) at 395 Phase 2 in the North Valleys of Reno, Nev. The building will add 436,368 square feet, bringing the total square footage of LogistiCenter at 395 Phase 2 to 1,158,880. Completion is projected in … [Read more...] about Dermody Properties Begins Construction on 436,368 Square Feet in Reno
Dermody Properties Completes 546,480 SF Logistics Facility in Las Vegas
LAS VEGAS – Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics real estate, recently completed LogistiCenter(SM) at Las Vegas Boulevard, a 546,480-square-foot facility in the North Las Vegas submarket. Coming off its largest quarterly expansion of industrial inventory since the … [Read more...] about Dermody Properties Completes 546,480 SF Logistics Facility in Las Vegas
Red Report: May 2017
E Project, Industrial ADDRESS NEC of Las Vegas Blvd. & N. Walnut Rd., 89115 CONTRACTOR OF RECORD United Construction DETAILS The placement of the first wall panels for the 546,480 square foot LogistiCenter is complete. The building is slated for completion by the end of the second quarter of 2017. Sale, Office ADDRESS 1785 E. Sahara Ave., 89104 BUYER 1785 Office … [Read more...] about Red Report: May 2017
Retail Summary: First Quarter 2017
SOUTHERN NEVADA The Las Vegas Valley’s overall industrial vacancy rate in Q1 2017 was 5.5 percent, 0.3 percentage-points up from the 4th quarter of 2016. The warehouse/distribution product type was responsible for the vacancy increase as vacancy was down in all other product types. A large amount of warehouse/distribution space came to market in the second half of 2016; and … [Read more...] about Retail Summary: First Quarter 2017
Developing Big Boxes: Growth in Nevada’s Industrial Market
That sound that developers of industrial properties hear in the background is the ticking of the clock counting down the longest-lived economic recovery since World War II. But although the ticks are growing louder, demand for space from new and expanding industrial companies keeps developers busy in Las Vegas and Reno alike. The reasons for the boom are a well-told … [Read more...] about Developing Big Boxes: Growth in Nevada’s Industrial Market
National Industrial Developer Dermody Properties Acquires 130,000 SF in Bay Area
Hayward, CA — Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nev., recently acquired the nearly 130,000-square-foot 31033-31055 Huntwood Avenue facility in Hayward from a private investor. Renamed LogistiCenter(SM) at Huntwood, Dermody Properties will renovate the property this year, making it available for lease in mid-2017. “We … [Read more...] about National Industrial Developer Dermody Properties Acquires 130,000 SF in Bay Area
Dermody Properties Starts Construction on 622,726 Square Feet in Northern California
Reno, Nev. – Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nev., recently announced it will develop a 622,726-square-foot industrial facility in Lathrop, Calif. The state-of-the-art facility, known as LogistiCenter(SM) at Lathrop, is located at 2131-2301 E. Louise Ave. John McManus, Executive Vice President at Cushman & … [Read more...] about Dermody Properties Starts Construction on 622,726 Square Feet in Northern California
Dermody Properties Begins Construction on 550,000 SF Development in Las Vegas
Las Vegas – Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nev., recently started construction on a 550,000-square-foot industrial facility on Las Vegas Boulevard near North Walnut Road. United Construction Company is the design-build contractor on the project. The companies expect to complete construction in the Second Quarter of … [Read more...] about Dermody Properties Begins Construction on 550,000 SF Development in Las Vegas
Industrial Summary: Second Quarter 2016
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q2, 2016 was 4.6 percent, a decline of 0.4 points from 5.0 percent in Q1, 2016. Q2’s decrease ended two quarters of increases in the industrial vacancy rate. However, with vacancies at low levels and positive economic trends, rate increases are currently more likely due to simple statistical … [Read more...] about Industrial Summary: Second Quarter 2016
Dermody Properties Breaks Ground on 546,000 SF Industrial Facility in Shepherdsville, Kentucky
Dermody Properties, a national industrial acquisition, development and operating firm headquartered in Reno, Nev., recently broke ground on a 546,000-square-foot industrial facility in Shepherdsville, Ky. Known as LogistiCenter(SM) at 480, the facility is located on Park Loop Road in the Cedar Grove Business Park. LogistiCenter at 480 is well-suited for e-commerce, warehouse … [Read more...] about Dermody Properties Breaks Ground on 546,000 SF Industrial Facility in Shepherdsville, Kentucky
Dermody Properties Breaks Ground on 9th Facility in Southern New Jersey Industrial Park
On June 22, Dermody Properties, a national industrial acquisition, development and operating firm headquartered in Reno, Nev., and Great Point Investors LLC broke ground on a new distribution facility at LogistiCenter(SM) at Logan, a 5.5-million-square-foot, Class A industrial park located in Logan Township. The companies broke ground on a 393,120-square-foot building … [Read more...] about Dermody Properties Breaks Ground on 9th Facility in Southern New Jersey Industrial Park
Dermody Properties Acquires 60.2 Acres for Industrial Development in Dallas
Plans to Expand Presence in Market through Additional Investment DALLAS — Dermody Properties, a national industrial real estate owner-operator headquartered in Reno, Nev., recently announced the acquisition of a 60.2-acre site at Bonnie View Rd. and Telephone Rd. in Dallas, Texas. The site will be home to a two-phase, 1.1-million-square-foot industrial development, known as … [Read more...] about Dermody Properties Acquires 60.2 Acres for Industrial Development in Dallas
Dermody Properties Breaks Ground on 225,972 SF Industrial Facility in Fife, Washington
Seattle – Dermody Properties, a national industrial acquisition, development and operating firm headquartered in Reno, Nev., recently broke ground on a 225,972-square-foot industrial facility, known as LogistiCenter(SM) at 167, at 7450 26th St. E. Fife, Wash. LogistiCenter at 167 is ideally suited for distribution operations because of its strategic location. The facility is … [Read more...] about Dermody Properties Breaks Ground on 225,972 SF Industrial Facility in Fife, Washington
Industrial Summary: Fourth Quarter 2015
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q1, 2016 was 5.0 percent, a rise of 0.3 points, from 4.7 percent in Q4, 2015. Q1’s increase was the second quarter in a row with an increase in vacancy rate. Still, with the vacancy rate at such a low level, these rises are not a cause for concern. The strong growth in demand for industrial space, along … [Read more...] about Industrial Summary: Fourth Quarter 2015
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
Dermody Properties Expands with 550,000 SF Development in North Las Vegas
Dermody Properties recently announced plans to develop a 550,000-square-foot industrial facility at Las Vegas Boulevard near North Walnut Road in North Las Vegas. Dermody Properties will start construction on the facility, known as LogistiCenter(SM) at Las Vegas Boulevard, in the second quarter of 2016 and expects to complete construction in late 2016. Upon completion, … [Read more...] about Dermody Properties Expands with 550,000 SF Development in North Las Vegas
Dermody Properties Fully Leases North Las Vegas Industrial Center
LAS VEGAS — Dermody Properties, a national industrial development and operating company headquartered in Nevada, recently leased the remaining portion of its latest Las Vegas industrial development, LogistiCenter(SM) at Cheyenne, to Priority Wire & Cable, Inc., a premier supplier of wire and cable for wholesale distributors. LogistiCenter(SM) at Cheyenne will serve as a … [Read more...] about Dermody Properties Fully Leases North Las Vegas Industrial Center