Building in Nevada has never been easy. From the scorching temperatures of southern Nevada to the rocky terrain of northern Nevada, developing the Silver State is not for the faint of heart. The challenge has only been made greater by a lack of talent, unavailable land and red tape leaving even the most experienced wondering what Nevada’s future holds. Recently a group of … [Read more...] about Industry Focus
Dermody Properties
Dermody Properties Raises $1 Billion for Industrial Fund IV
RENO, Nev. – Dermody Properties—a diversified private equity investment management company focused exclusively on the national logistics real estate sector—announces the successful closure of its fourth commingled fund, Dermody Properties Industrial Fund IV, L.P. (DPIF IV), securing $1.043 billion in capital commitments. This figure closely mirrors the $1.065 billion raised … [Read more...] about Dermody Properties Raises $1 Billion for Industrial Fund IV
Dermody Properties Announces Lease of More Than 111,000 SF across Northern California and Northern Nevada to Daikin Industries, Ltd.
RENO, Nev. – Dermody Properties—a diversified private equity investment management company focused exclusively on the national logistics real estate sector—announced that Daikin Industries, Ltd., a global provider of indoor comfort solutions, will lease a total of 111,452 square feet of space across two of Dermody Properties LogistiCenters℠. Daikin has leased 26,332 SF … [Read more...] about Dermody Properties Announces Lease of More Than 111,000 SF across Northern California and Northern Nevada to Daikin Industries, Ltd.
Dermody Properties and United Construction Company Celebrate More Than 45 Years of Design-Build Partnership in Nevada
RENO, Nev. – Dermody Properties—a diversified private equity investment management company focused exclusively on the national logistics real estate sector and United Construction Company, a premier commercial construction company specializing in industrial, distribution and manufacturing—proudly celebrate their more than 45-year partnership, a testament to collaboration, … [Read more...] about Dermody Properties and United Construction Company Celebrate More Than 45 Years of Design-Build Partnership in Nevada
Michael C. Dermody Receives Inaugural NAIOP ‘Legend Award’ for Lifetime Achievement in Northern Nevada
RENO, Nev. – Dermody Properties—a diversified private equity investment management company focused exclusively on the national logistics real estate sector—is pleased to announce that Executive Chairman Michael C. Dermody is the first recipient of the Legend Award from NAIOP Northern Nevada, a commercial real estate development association. This prestigious honor recognizes Mr. … [Read more...] about Michael C. Dermody Receives Inaugural NAIOP ‘Legend Award’ for Lifetime Achievement in Northern Nevada
Industry FocusBuilders & Developers
Despite rumors of a looming recession, construction zones seem to be on every corner throughout Nevada. And while this surely signifies growth for the Silver State, builders and developers are facing serious challenges. They grapple with a scarcity in workforce, strict regulations and challenges in financing. And yet, despite these challenges, the experts are … [Read more...] about Industry Focus
Land, Infrastructure + OpportunityCity of North Las Vegas
Incorporated on May 1, 1946, the City of North Las Vegas (NLV) has a long history in southern Nevada. Since its beginnings, the city has established itself as an economic oasis in the region due to the area’s abundance of land, steady pipeline of available workers, pro-business environment and easy reach to western markets. The city’s draw can effectively be … [Read more...] about Land, Infrastructure + Opportunity
The Dermody Properties Foundation Announces 2023 Grant Recipients
RENO, Nev. – The Dermody Properties Foundation has announced its 2023 grant recipients. Among the awardees are the Reno Bike Project, Down Syndrome Network and Big Brothers Big Sisters in Reno, Nevada; EyeCare4Kids in Las Vegas, Nevada; Phoenix Children’s Hospital Foundation in Phoenix, Arizona; East Bay Kidpower in Castro Valley, California; Laura’s House in Aliso Viejo, … [Read more...] about The Dermody Properties Foundation Announces 2023 Grant Recipients
Dermody Properties Gifts a $25,000 Annual Thanksgiving Capstone Award to the Food Bank of Northern Nevada
RENO, Nev. – Dermody Properties—a diversified private equity investment management company focused exclusively on the national logistics real estate sector—has announced the recipients of its Annual Dermody Properties Thanksgiving Capstone Award. The Food Bank of Northern Nevada will receive $25,000 to support its ongoing programs and services providing wholesome, nutritious … [Read more...] about Dermody Properties Gifts a $25,000 Annual Thanksgiving Capstone Award to the Food Bank of Northern Nevada
Dermody Properties Announces The Park at McCarran is Fully Leased
RENO, Nev. – Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, in partnership with Locus Development Group, has announced that all three buildings comprising The Park at McCarran logistics park are fully leased. The park offers a combined 1.35 million square feet of … [Read more...] about Dermody Properties Announces The Park at McCarran is Fully Leased
Jeremy Stilley Joins Dermody Properties as Senior Vice President of Development for Nevada
LAS VEGAS — Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has hired Jeremy Stilley as Senior Vice President of Development for Nevada. Stilley will be responsible for providing due diligence, design, entitlement, budget and construction oversight for … [Read more...] about Jeremy Stilley Joins Dermody Properties as Senior Vice President of Development for Nevada
Dermody Properties Breaks Ground on Two Las Vegas Logistics Facilities
LAS VEGAS, Nev. – Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, broke ground on LogistiCenter℠ at Speedway II and LogistiCenter℠ at I-215 North. Both facilities are strategically located within the North Las Vegas submarket, the epicenter of e-commerce and … [Read more...] about Dermody Properties Breaks Ground on Two Las Vegas Logistics Facilities
Dermody Properties Announces New Leasing Activity at LogistiCenter℠ at I-15 South in Las Vegas
Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, is pleased to announce that three of the four buildings that make up the LogistiCenter℠ at I-15 South logistics park have been leased, totaling over 720,000 square feet. Building 1 was pre-leased by OluKai, a … [Read more...] about Dermody Properties Announces New Leasing Activity at LogistiCenter℠ at I-15 South in Las Vegas
Industrial MarketWhat Goes Up, Must Come Down
Nevada’s industrial sector has been the hottest of all market segments statewide. Due in large to Nevada’s reputation of being business friendly, more companies are looking to move to the Silver State. And with a high demand for warehouses of any and all sizes, low vacancy rates and extensive preleasing activity, industrial development in Nevada has remained strong even in … [Read more...] about Industrial Market
City of North Las VegasBreaking Barriers
“People have a choice when they decide where to live, and they continue to choose North Las Vegas. We offer everything they need,” said Mayor Pamela Goynes-Brown of the City of North Las Vegas. “We have great schools, amazing parks, community events and people want to live and do business in North Las Vegas.” Goynes-Brown is newly elected to the position of mayor at the … [Read more...] about City of North Las Vegas