When the pandemic locked Nevada into quarantine in 2020, multi-family commercial real estate market professionals braced for bad news. With the state essentially at a standstill, the most likely scenario was the multi-family commercial real estate market would take a direct economic hit. Instead, the opposite happened. The pandemic accelerated the market nationally, and the … [Read more...] about Multi-Family in Nevada
Reno real estate
Industrial SubmarketDemand Over Pandemic
The industrial real estate market has been crucial to the economy throughout the coronavirus pandemic as its stability has been driven by demand from e-commerce companies as consumer spending habits have shifted away from brick-and-mortar retail to online. That shift may be permanent as Nevada’s economy begins to recover from the pandemic. But some brokers believe retail … [Read more...] about Industrial Submarket
Post Pandemic DownsizeOffice Projects in Nevada
Tom van Betten, vice president of strategic partnerships for Matter Real Estate Group, worries about the problems he sees just over the horizon for the office-development market — problems that are directly linked to the uncertainties that have troubled the sector for the past year. Matter is the developer of the $400 million UnCommons mixed-use project in southwest Las … [Read more...] about Post Pandemic Downsize
Luxury DemandOpulent Homes Selling in Nevada
Recently, a home in MacDonald Highlands in Henderson sold for $5.35 million. While significantly higher than the median sale price, it’s representative of a typical transaction these days, according to real estate brokers and developers in Nevada. What was unusual about this particular deal was that the 80-year-old retiree in Florida who purchased the home conducted the … [Read more...] about Luxury Demand
CCIM: A New WorldNavigating Changing Times with CCIM
Without change, nothing grows. But unexpected, chaotic change in economic systems and business transactions causes uncertainty and lost opportunities. In uncertain times, people reach for touchstones, for information and for the guidance of experienced professionals in their own markets. Seasoned, professional CCIM designees possess the knowledge, stability and expertise to … [Read more...] about CCIM: A New World
Nevada’s Title IndustryOn the Sidelines
Ask Robert Ray how Nevada’s title industry from a commercial real estate perspective is doing amid the coronavirus pandemic, and you’ll get a mixed response. In the title business for 25 years, and senior vice president, manager of Fidelity National Title Group in Las Vegas, Ray is anxious to see how the industry recovers as businesses begin to reopen and employees begin … [Read more...] about Nevada’s Title Industry
Stable and SustainableNevada’s Residential Market
Nevada’s residential housing should be stabilized and sustainable throughout 2020. Despite a relative lack of inventory and as potential homebuyers continue to flock to northern and southern Nevada alike, multiple Nevada real estate executives said they believe the housing market will settle into a groove. “For the first time in 13, 14 years, I can use the words stable … [Read more...] about Stable and Sustainable
Red ReportJanuary 2019
E Sale, Retail Address 1205 Las Vegas Boulevard S, 89104 Seller DeCar Enterprises Details 31,000 SF; $6 million APN 162-03-106-001 Seller Rep Cathy Jones, CCIM, Anders Graciano and Paul Miachika of Sun Commercial Real Estate Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM … [Read more...] about Red Report
Red Report: December 2018
E Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM of Colliers International Seller Rep Dan Doherty, SIOR, Paul Sweetland, SIOR and Jerry Doty of Colliers International Sale, Multi-Family Address 4870 Nellis Oasis Ln. and 5025 Nellis Oasis Ln., 89115 Buyer … [Read more...] about Red Report: December 2018
CRE Financing: Evolving with Nevada’s Economy
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...] about CRE Financing: Evolving with Nevada’s Economy
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...] about Retail Summary: Second Quarter 2018
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...] about Red Report: October 2018
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...] about Tolles Development Company Acquires Industrial Assets in Reno-Sparks
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...] about Re/Max Reality Affiliates Welcomes New Agent Patty Pankopf
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...] about Dermody Properties Acquires Four Buildings in California’s Fremont Research Center
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...] about Dickson Commercial Group Lists Virginia/Center For Sale, a Mixed Use Development in Downtown Reno
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...] about RSAR Releases August 2018 Existing Home Sales Report
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...] about The Reno/Sparks Association of REALTORS to Host Black & White Affair with Flair
Commercial Property Management: Changing and Adapting with Nevada’s Economy
All three commercial real estate sectors – industrial, retail and office – are growing in Nevada, though at different speeds by sector and geography. Industrial is driving the growth, office is still lagging but beginning to grow and retail is returning as the economy continues to recover. Commercial real estate sectors might be experiencing growth, but investors, businesses … [Read more...] about Commercial Property Management: Changing and Adapting with Nevada’s Economy
Office Summary Second Quarter 2018
Northern Nevada By Colliers Reno The Northern Nevada office market pulled ahead this quarter and 2018 is setting up to be a productive year. The market posted an increase in positive absorption to 63,786 square feet and the vacancy rate decreased to 11.7 percent from the 12.3 percent recorded in the first quarter of 2018. Office activity has been strong in the Reno market … [Read more...] about Office Summary Second Quarter 2018