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...]
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...]
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...]
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...]
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...]
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...]
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...]
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...]
GLVAR Announces Officers and Board Members for 2019
LAS VEGAS – The Greater Las Vegas Association of REALTORS (GLVAR) announced the results of its annual election of officers and board members, with local REALTORS Janet Carpenter serving as 2019 president and Tom Blanchard serving as 2019 president-elect. GLVAR members voted from Sept. 17-19, electing the following officers and directors to lead Southern Nevada’s largest … [Read more...]
Southern Nevada Home Builders Association Adds Government Affairs Position
The Southern Nevada Home Builders Association has hired Cassidy Wilson to a new role as government affairs and community relations analyst. The position will include assisting with daily government affairs and community relations efforts, attending local and state meetings, helping expand the industry's workforce, and highlighting the work of HomeAid Southern Nevada. "We … [Read more...]
Newmark Knight Frank – Retail Pad Sold in Southwest Retail Center
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...]
