Northern Nevada By CBRE Reno The industrial market continues to exhibit robust demand, finishing the year with 2.5 million square feet of net absorption, bringing the year-end total to 3.7 million square feet. This was the seventh consecutive year where occupancy gains exceeded 3.5 million square feet. Overall, tenant demand remained diverse over the course of 2019 … [Read more...] about Commercial RE Report
CBRE Las Vegas
Commercial RE ReportIndustrial Summary: Third Quarter 2019
Northern Nevada By CBRE Reno Industrial market fundamentals remained solid during Q3 2019 as the vacancy rate remained under 6 percent for the 15th consecutive quarter. Tight market conditions have fueled speculative development in 2019 as construction activity reached its highest level since 2015, with 4.0 million sq. ft. under construction. Most of the current projects … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary Second Quarter 2019
Northern Nevada By CBRE Reno During the first half of the year, the Northern Nevada industrial market laid a strong foundation for a successful second half of 2019. Robust transactional activity coupled with healthy construction activity were at the forefront of the market’s success. Construction completions totaled 1.1 million square feet during the quarter, driving the … [Read more...] about Commercial RE Report
Reshaping Commercial Real EstateBrokers in Nevada
Buying, selling and investing in commercial real estate isn’t the same today as it was 10 years ago, and 10 years from now it should be completely changed. “Technology is changing in our industry,” said Brendan Keating, CEO, Logic Commercial Real Estate. “So the way we have to approach business, we need to be thinking about our technology while we’re marketing. Technology … [Read more...] about Reshaping Commercial Real Estate
Commercial RE ReportIndustrial Summary First Quarter 2019
Northern Nevada By CBRE Reno The Northern Nevada industrial market rebounded in Q1 2019. Twenty-eight lease transactions were signed during the quarter, leading to 880,914 square feet of positive net absorption and 1.1 million square feet of gross absorption. Of these, 24 deals were between 5,000 square feet and 100,000 square feet, demonstrating continued pressure on … [Read more...] about Commercial RE Report
Commercial RE ReportIndustrial Summary: Fourth Quarter 2018
Northern Nevada By CBRE Reno When reviewing 2018 and examining overall real estate fundamentals, the Reno industrial market continues to perform well. The region has been running at historically high demand levels for the past six years characterized by consistent demand, disciplined development, strong fundamentals, and increasing rental rates. Illustrating this has been … [Read more...] about Commercial RE Report
Nevada’s Retail Industry: Going Strong, Evolving
During the recession, brokers across the board did what they could to stay busy, from cold calls to out-of-the-box solutions. Nevada’s retail market was no different. Christina Strickland, a CBRE Las Vegas senior associate who specializes in retail, no longer has to make cold calls to drum up business like she did during the recession. Now, she’s receiving calls, in abundance, … [Read more...] about Nevada’s Retail Industry: Going Strong, Evolving
Industrial Summary: Third Quarter 2018
Northern Nevada By CBRE Reno The Northern Nevada industrial market ended Q3 2018 much as it began – a competitive, demand-heavy market with active pre-leasing and rising base rents. As a result, the quarter recorded 2.1 million square feet of net absorption and 2.4 million square feet of gross absorption. While the market is attractive to occupiers of varying sizes and … [Read more...] about Industrial Summary: Third Quarter 2018
Office in Nevada: A Perspective Shift
Nearly a decade after the recession left yawning vacancies in office properties across Nevada, buildings are finally beginning to fill. Whether the rising occupancy justifies speculative new development — particularly in the Las Vegas area — remains an open question. Applied Analysis estimates the office vacancy rate in Southern Nevada stood at 19.8 percent in the first … [Read more...] about Office in Nevada: A Perspective Shift
Red Report: October 2016
E Sale, Multi-Family ADDRESS 517 N. 28th St., 89101 BUYER Green Tree Apartment, LLC SELLER Las Vegas Apartments, LLC DETAILS 72 units; $54,166 per unit APN 139-36-110-028 SELLER’S REP Devin Lee, CCIM and Robin Willet of NAI Vegas | The Sauter Multifamily Group H Project, Other ADDRESS 655 E. Lake Mead Pkwy., 89015 CONTRACTOR OF RECORD Core Construction DETAILS A … [Read more...] about Red Report: October 2016
Nevada’s Office Space: Positive Headway
The office space component of Nevada’s commercial real estate market faces a long recovery following the recession. Vacancy and unemployment rates were high, inventory was excessive and landlords struggled to effect leases. In addition, after the recession new construction activity and investor property acquisitions had ceased. Typically, the sector tends to be the last to … [Read more...] about Nevada’s Office Space: Positive Headway
Red Report: February 2015
E Sale, Industrial ADDRESS 3068-3076 Fremont St., 89104 BUYER Caliente NV, LLC SELLER Heitkotter Family LP DETAILS 19,810 SF; $999,000 APN 162-01-701-003 REP (both) Ben Millis and Chris Beets of Newmark Grubb Knight Frank Sale, Industrial ADDRESS 2512 Abels Ln., 89115 BUYER Torrent Holding Inc. SELLER Abels Lane LLC DETAILS 11,000 SF; $650,000 APN … [Read more...] about Red Report: February 2015
Nevada Real Estate & Development Report: October 2014
E Sale, Multi-Family ADDRESS 2850 E. Bonanza Rd., 89101 BUYER Westland Real Estate Group SELLER Hayman Advisors DETAILS 344 units; $14,875,000 APN 139-25-404-002 REP (both) Art Carll, CCIM of NAI Vegas Lease, Office ADDRESS 2490 Paseo Verde Pkwy, Ste 100, 89052 TENANT Bodyspa Salons LANDLORD Flex 2 Buildings 3/4, LLC DETAILS 15,906 SF; $1,913,418 for 87 … [Read more...] about Nevada Real Estate & Development Report: October 2014
Personal Goals of High Net Worth Individuals; Desert Radiologists Receives ACR Award
Monthly Report Focused on “Personal Goals” of High Net Worth Individuals, Released by The Private Bank by Nevada State Bank The Private Bank by Nevada State Bank released the seventeenth edition of its High Net Worth Report series, with this month’s analysis focusing on the personal goals of high net worth individuals. [Read More...] Desert Radiologists Receives Prestigious … [Read more...] about Personal Goals of High Net Worth Individuals; Desert Radiologists Receives ACR Award
Nevada Real Estate & Development Report: August 2014
E Project, Other ADDRESS 501 S. Las Vegas Blvd., 89101 CONTRACTOR OF RECORD Recreation Development Company LLC (RDC) DETAILS A $1.3 million ‘shell and core’ contract has been awarded to RDC for gypsum board assemblies at the Federal Justice Tower in downtown Las Vegas. The 129,000 SF project is a joint effort between the City of Las Vegas Redevelopment Agency and developer … [Read more...] about Nevada Real Estate & Development Report: August 2014