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...]
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...]
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...]
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...]
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...]
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...]
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...]
Red Report: September 2018
E Sale, Retail Address 1935 N. Hollywood Blvd., 89156 Buyer TNG Investors Seller Palmer Company-Vacaville Details 7,360 SF; $2.3 million APN 140-22-715-006 Buyer Rep Phillip Dunning, CCIM of Colliers International Seller Rep Brian Fike of Colliers International Sale, Industrial Address 4460 E. Cheyenne Ave., 89115 Buyer Top Street Estate, Ben Hajdun Seller William … [Read more...]
RE/MAX Realty Affiliates Agents Recognized by ABOVE Magazine
Reno — ABOVE Magazine, the official publication of RE/MAX, has recognized 12 RE/MAX Realty Affiliates (RRA) agents in its 400+ industry leaders issue. Agents who serve on local and national boards or associations or who have received awards or honors related to advancing the industry were submitted for inclusion. “Collectively, these agents work hard representing a variety … [Read more...]
Nevada REALTORS Selected for Leadership Roles on NAR Committees
Three Nevada REALTORS have been selected to represent their peers nationwide by serving in leadership roles on National Association of REALTORS (NAR) committees. NAR recently announced its national committee chair and vice-chair appointments for 2019. Las Vegas-based members Scott Beaudry, Bobbi Miracle and Soozi Jones Walker were among those appointed. Beaudry will chair … [Read more...]
CAMCO Names David Swenson Vice President of Business Development
CAMCO, a community association management company, has named David Swenson as Vice President of Business Development. CAMCO works with community associations throughout Nevada and has provided management services to the HOA industry for more than 20 years. CAMCO CEO Joel Just has worked with Swenson for nearly a decade in the industry. “David has been critical in the … [Read more...]
Chris Moton Joins Dickson Commercial Group
Reno – Chris Moton has joined the team of Dickson Commercial Group (DCG), a full-service commercial real estate firm, as a multifamily specialist. Chris has been involved in real estate investment for more than five years and has completed an MBA from the UCLA Anderson School of Management with focus on urban real estate investment and entrepreneurship. Prior to joining DCG, … [Read more...]
RSAR Releases July 2018 Existing Home Sales Report
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its July 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 July 2018, the report showed Washoe County had 555 sales of existing … [Read more...]
Nevada Rural Housing Authority Board of Commissioners Appoints Bill Brewer as Executive Director
Carson City – At its July 19 meeting, the Nevada Rural Housing Authority (NRHA) Board of Commissioners voted to approve Bill Brewer as the agency’s new executive director. This appointment comes after former Executive Director Gary Longaker’s retirement from the authority after 15 years of leadership. Prior to his appointment, Brewer served as NRHA deputy director since … [Read more...]
Nevada Rural Housing Authority Hires Katie Coleman as Director of Communications
Carson City – Nevada Rural Housing Authority (NRHA) announced Katie Coleman as its new director of communications and public affairs. Coleman brings 15 years of marketing communications experience to the role and will be responsible for all internal and external communications activities for the agency. “Katie not only has the level of expertise our agency needs to take our … [Read more...]
Nevada-based CAMCO Acquires Accell Property Management
Complete Association Management Co. LLC (CAMCO), a Nevada full-service community association management company, and its parent company HOA Capital Inc., have acquired Laguna Hills, California-based Accell Property Management for an undisclosed price. The deal is CAMCO’s second in recent months. The company’s Northern Nevada division acquired the homeowners association … [Read more...]
