Industrial real estate isn’t static. Buildings are constructed, leased up and absorbed, vacancy rates fall and climb again, buildings constructed for one purpose end up serving another. Everything varies with the cycle of the economy. Industrial real estate itself is a microcosm view of the industries using it. The Nevada Market In Nevada, indicators point to continued … [Read more...]
Suzette LaGrange Earns CCIM Designation
Las Vegas- Colliers International is proud to announce Senior Vice President Suzette La Grange has earned designation as a Certified Commercial Investment Member (CCIM). Ms. LaGrange joined Colliers International – Las Vegas in 2005, following a 10-year career with another local firm. She has been involved in industrial lease transactions totalling more than 7 million square … [Read more...]
2016 NAIOP Southern Nevada Bus Tour: A Whole New Ball Game
View the full report here. Let the Games Begin! NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2016 “A Whole New Ball Game” Bus Tour. Coming off the heels of a successful bus tour in 2015, our chapter is getting back on the buses to tour the future of commercial real estate in Southern Nevada. We are full steam ahead into this new phase of the … [Read more...]
Industry Focus: Builders and Developers
Many builders and developers in the Silver State fought through the recession only to come out on the other side and realize there are new challenges facing their companies. Leaders in commercial building and development recently met at the Las Vegas offices of City National Bank to address these challenges and discuss opportunities in the industry. Connie Brennan, publisher … [Read more...]
Red Report: May 2016
E Sale, Retail ADDRESS 4440 E. Washington Ave., 89110 BUYER Berryessa Plaza, LLC SELLER Mark M. Kaisi DETAILS 30,441 SF; $2,450,000 APN 140-29-212-003 BUYER’S REP Dan Gluhaich of Colliers International SELLER’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate Sale, Land ADDRESS 3500 N. Lamb Blvd., 89115 BUYER Lambeau, LLC SELLER Lamb Blvd … [Read more...]
Colliers International | Las Vegas Updates Jan. 11, 2016
LAS VEGAS – Colliers International – Las Vegas announced the finalization of the following sale to McBeath Holdings LLC Series TT. The approximately 16,864 square foot office/industrial property is located at 7115 Bermuda Road in Las Vegas. The transaction value was $2,002,600. Greg Pancirov, SIOR and Mike DeLew, SIOR of Colliers International represented the buyer. LAS VEGAS … [Read more...]
A Developing State: Growing Economy Encourages New Projects
As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...]
Game Changers: Economic Development in Nevada
Nothing paints a clearer picture of the results of economic development than the Silver State. Nevada has transitioned from a state with the highest unemployment rates in the country to a state welcoming Tesla to its economy, breaking ground on a 12,000-home master planned community, launching one of the first-of-its-kind interactive medical communities with Union Village and … [Read more...]
Finding our Niche: Distribution Centers in Nevada
In an effort to diversify Nevada’s economy away from over reliance on travel and tourism, hospitality and gaming, economic development authorities throughout the state continue to work to find the perfect industries for Nevada’s business-friendly tax climate, wide-open spaces, multi-modal transportation systems and easy access to the 11 western states. In 2011, the … [Read more...]
The Logistics of Economic Recovery: The Distribution Industry in Nevada
That big-box warehouse down the street may not be the prettiest feature of the Nevada landscape surrounding you, but next time you’re driving past it, consider this: It, and other facilities like it, might just save the state’s struggling economy. Nevada is poised to become a major distribution center in the West. According to a 2011 study commissioned by the State of … [Read more...]
Industry Focus: Commercial Real Estate
While many feel that most industries in Nevada are beginning to experience small rebounds, one industry that still has a long road ahead is the commercial real estate sector. With asking rents remaining low and the large quantities of available space on the market, brokers, builders and developers continue to feel the effects of the recession. Executives representing this … [Read more...]
