E Sale, Multi-Family ADDRESS 1011 N. 4th St., 89101 BUYER 1011 North 4th Street Casa Vista, LLC SELLER Casa Vista, LLC DETAILS 23 units; $52,174 per unit APN 139-27-603-003 SELLER’S REP Devin Lee, CCIM and Jerad Roberts of Northcap Multifamily Sale, Land ADDRESS 3919 E. Cheyenne Ave., 89115 BUYER 3919 Cheyenne, LLC SELLER Professional Investors DETAILS 4.9 acres; … [Read more...]
Office Summary: Second Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q2 2017 declined by 1.1 points to 19.2 percent from Q1 2017. Compared to Q2 2016, the office vacancy rate was down 1 point, from 20.2 percent. Vacancy rates ranged from 15.7 percent for Class C space to a high of 23.3 percent for Class A space in Q2. Las Vegas Valley’s office vacancy rate in Q2 2017 declined by 1.1 … [Read more...]
Dickson Commercial Group Completes Lease Negotiations on Behalf of Nexus Brands Group on a Flex Building in Sparks
Sparks – Dickson Commercial Group is pleased to announce the successful lease transaction at 1020 S. Rock Blvd, Suite D, Sparks NV. Sheila Colfer, CCIM, and Fred Miller, SIOR, of Dickson Commercial Group (DCG) represented the tenant, Nexus Brands Group, who will operate light manufacturing of electronic components at the site. Nexus Brands leased 4,490 square feet in the … [Read more...]
RSAR Releases July 2017 Existing Home Sales Report
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its July 2017 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 July 2017, the report showed Washoe County had 627 sales of existing … [Read more...]
Red Report: August 2017
E Sale, Industrial ADDRESS 3110 Venture Dr., 89101 BUYER Pro Point, Inc. SELLER Nevada Builders Venture, LLC DETAILS 8,564 SF; $899,220 APN 139-36-813-008 BUYER’S REP Zac Zaher of CBRE Sale, Multi-Family ADDRESS 150 Hoover Ave., 89101 BUYER The Hoover, LLC SELLER Pinetree, LLC DETAILS 56 units; $38,661 per unit APN 139-34-410-031 BUYER’S REP Devin Lee, CCIM and … [Read more...]
Industrial Summary: Second Quarter 2017
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q2 2017 was 6 percent, up 0.5 percentage-points from the first quarter. Vacancies were up in every product type except for incubator. However, that did not put a dent in completions. A large amount of new space came to market during the quarter. The industrial market appears to be continuing to … [Read more...]
Nevada Builders Alliance Introduces H-2B Visa Program to Reduce Construction Labor Deficit
CARSON CITY – Nevada Builders Alliance presented its newest program to assist construction and construction-related companies in relieving some of the pressure felt by the shortage of skilled construction workers in Nevada this week at a luncheon in Reno. The H-2B Visa program is the country’s only legal seasonal foreign worker visa program for non-agricultural employers. It … [Read more...]
Dickson Commercial Group Completes Investment Sale of Sparks Office Building
Sparks – Dickson Commercial Group is pleased to announce the successful sale of the office building located at 175 Salomon Circle. Scott Shanks, SIOR; Dominic Brunetti, CCIM; and Chris Shanks, CCIM, of Dickson Commercial Group (DCG) represented the Seller, 175 Salomon Circle LLC, in the transaction. Tom Fennell, CCIM, of DCG represented the Buyer, Hackmen3, LLC. The two-story, … [Read more...]
Colliers International – Las Vegas Welcomes Property Manager Gawaan Hureskin
Colliers International – Las Vegas is proud to welcome Gawaan Hureskin as Property Manager in the Property Management Department. Prior to joining Colliers, Hureskin spent 13 years in the Federal Housing Division working for the Department of Housing and Urban Development (HUD) in both Chicago and Las Vegas. He previously worked for the Southern Nevada Regional Housing … [Read more...]
Nevada Rural Housing Authority Announces Promotions of Melanie Evans and Grant Brewer
Carson City – Nevada Rural Housing Authority (NRHA) announced that it has recently promoted two individuals within its Homebuyer Services Department: Melanie Evans was promoted from Home At Last specialist to Home At Last team supervisor and Grant Brewer was promoted from Home At Last management assistant to Home At Last specialist. The Home At Last team works everyday to … [Read more...]
National Industrial Developer Dermody Properties Acquires 111,043 SF Class-A Industrial Building in the Silicon Valley
SAN JOSE – Dermody Properties, a national real estate investment, development and management company headquartered in Reno, Nevada and specializing in acquisitions and development of industrial real estate in strategic locations across the United States, recently acquired the 111,043 SF Silicon Valley Industrial Center from a private investor. Located at 6212 Hellyer Ave. in … [Read more...]
National Industrial Developer Dermody Properties Expands to Southern California with Acquisition of 75,960 SF Facility
SANTA FE SPRINGS – Dermody Properties, a national real estate investment, development and management company headquartered in Reno, Nevada and specializing in acquisitions and development of industrial real estate in strategic locations across the United States, recently acquired the Bloomfield Industrial Center located in Santa Fe Springs from a private investor. Located at … [Read more...]
NVAR Report Shows HOA Foreclosures Reduced Nevada Property Values by over $1 Billion
A report from the Nevada Association of REALTORS (NVAR) found that foreclosures by local homeowner associations have reduced property values in the state’s two most populated counties by more than $1 billion. This was just one of the findings in a report released this week by NVAR about issues surrounding foreclosures by homeowner associations and so-called super priority … [Read more...]
CCIM: The Power of the Pin
The CCIM Institute – Certified Commercial Investment Member Institute – celebrates five decades as a professional organization this year. Representing a global community of 13,000 members, more than 50 chapters and 30 countries, CCIM educates and connects the world’s leading experts in investment strategy, financial and market analysis. As the national CCIM Institute … [Read more...]
Red Report: July 2017
E Project, Industrial ADDRESS 4410 – 4490 Nexus Way, 89115 CONTRACTOR OF RECORD Martin-Harris Construction DETAILS Construction has commenced on the 191,206 square-foot building five of VanTrust Real Estate’s Northgate Distribution Center. Once completed, the center will have eight buildings covering 3.2 million square feet. Sale, Office ADDRESS 821 Nellis Blvd., … [Read more...]
Retail Summary: First Quarter 2017
Southern Nevada The Las Vegas Valley retail market started 2017 with a small rise in the vacancy rate - 0.3 points from 10.5 percent in Q4, 2016 to 10.8 percent in Q1, 2017. At this point, the Valley’s retail market is generally stabilized. However, this “stabilized” state, just below the surface, remains in flux. The Las Vegas Valley retail market started 2017 with a small … [Read more...]
Nevada Legislature Was Good to Homeowners, Nevada Realtors Report
RENO – Homeowners fared well during the 2017 session of the Nevada Legislature. So says the statewide Nevada Association of REALTORS (NVAR), which cited several new laws that should help homeowners, along with some issues that could have hindered them and the real estate industry had they passed. “The legislative process is never pretty,” 2017 NVAR President Greg Martin … [Read more...]
NAIOP Southern Nevada Presents “Master Builders: Community Development”
Guest speakers from The Howard Hughes Corporation, Union Village and The UNLV Harry Reid Research & Technology Park NAIOP Southern Nevada presents “Master Builders: Community Development” as part of its monthly member meeting. The meeting is sponsored by The Blue Store, Telecom Savings Store. NAIOP Southern Nevada is also accepting donations of ties and gently used … [Read more...]
GLVAR Reports Despite Housing Shortage, Local Home Prices and Sales Keep Rising
Revised GLVAR Housing Statistics for May 2017 LAS VEGAS – Despite a shrinking housing supply, the Greater Las Vegas Association of REALTORS (GLVAR) reported that local home prices and sales continued to rise. GLVAR reported that the median price of existing single-family homes sold during May through its Multiple Listing Service (MLS) increased to $250,000. That was up … [Read more...]
Rancharrah Opens Its Gates for a Public Grand Opening Celebration
Reno’s Camelot will officially open to the public during a Grand Opening celebration on Saturday, June 10 from 11 a.m. to 6 p.m. Created by casino magnate Bill Harrah in 1957 to be the “perfect place” to call home, Rancharrah has been reimagined into a 141-acre master-planned community. Rancharrah’s first real estate offerings will be released to the public during the Grand … [Read more...]
