Dermody Properties, a national industrial developer and operator, has hired Jeffrey Zygler as the company’s Senior Vice President, Capital Deployment, in the East Region Office in Chatham, New Jersey. Zygler is responsible for the identification, underwriting and execution of industrial acquisition and development opportunities in the eastern United States. He will also … [Read more...] about Jeffrey Zygler Joins Dermody Properties
Dermody Properties
Dermody Properties Names George Condon Partner, West Region
Dermody Properties, a national industrial development and operating company, has named George Condon Partner, West Region. Condon will be based in the company’s West Region Office in Reno, Nev., where the company’s corporate headquarters are also located. Condon is responsible for the company’s regional portfolio as well as new industrial inventory and build-to-suit … [Read more...] about Dermody Properties Names George Condon Partner, West Region
Nevada-Based Developer to Build 898,560 SF for Wayfair Inc.
Dermody Properties, in a joint-venture with Hillwood Investment Properties (Hillwood) will develop an 898,560-square-foot facility for Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for home furnishings and décor. The facility will be located on a 52-acre site at 1600 Donaldson Rd. in Erlanger, Ky., adjacent to the Cincinnati/Northern Kentucky … [Read more...] about Nevada-Based Developer to Build 898,560 SF for Wayfair Inc.
Michael Dermody: Dermody Properties
Chairman and CEO Dermody Properties https://www.dermody.com/ What is your pet peeve? My pet peeve in business is not taking notes in a business meeting. My personal pet peeve is using a text to respond to something that should be talked about face to face. Communication is the key to everything we do in our lives and the more direct that is, the better the … [Read more...] about Michael Dermody: Dermody Properties
Dermody Properties Names James Mascaro Senior Vice President Development, East Region
Dermody Properties, a national industrial developer and operator based in Reno, Nev., recently announced that James Mascaro has been promoted to senior vice president, development, East Region Office. Mascaro manages and directs development, design and construction for Dermody Properties’ projects throughout the eastern United States. His promotion includes increased … [Read more...] about Dermody Properties Names James Mascaro Senior Vice President Development, East Region
Dermody Properties Promotes Elizabeth Teske to Senior Vice President of Property Management
Reno, Nev. – Dermody Properties recently announced the promotion of Elizabeth Teske to senior vice president of property management. Teske is responsible for overseeing the company’s direct and indirect property management activities across the United States. As senior vice president she leads the company’s team of property management professionals, and develops initiatives … [Read more...] about Dermody Properties Promotes Elizabeth Teske to Senior Vice President of Property Management
Industrial Summary: Second Quarter 2015
Southern Nevada The overall vacancy rate for the Las Vegas Valley Industrial market in the second quarter was 6.2 percent, a drop of 0.5 points, from 6.7 percent in the first quarter of 2015. This decline equates to ten straight quarters of declining industrial vacancies. The strong growth in demand for industrial space, paired with resurgent construction and industrial … [Read more...] about Industrial Summary: Second Quarter 2015
Dermody Properties’ LogistiCenter Cheyenne Poised to Capitalize on Opportunities in Las Vegas Industrial Market
With industrial vacancy shrinking in Las Vegas, Dermody Properties, a national industrial development firm headquartered in Reno, Nev., has committed to filling the gap. On May 12, Nevada Governor Brian Sandoval joined Dermody Properties, United Construction Company and Hillwood Investment Properties to celebrate the start of construction on LogistiCenter Cheyenne, a … [Read more...] about Dermody Properties’ LogistiCenter Cheyenne Poised to Capitalize on Opportunities in Las Vegas Industrial Market
Red Report: May 2015
E Project, Industrial ADDRESS 4025 E. Cheyenne Ave., 89115 CONTRACTOR OF RECORD United Construction Company DETAILS Construction is underway on Dermody Properties’ LogistiCenter Cheyenne. The 381,804 SF distribution facility will feature a 32-foot clear height, 80 trailer stalls and 248 parking stalls. The project is expected to be complete in October of this … [Read more...] about Red Report: May 2015
Dermody Properties Starts Construction on Las Vegas Industrial Facility
Construction Starts on Warehouse/Distribution Facility in North Las Vegas Submarket Dermody Properties has started construction on LogistiCenter Cheyenne, a 381,804 SF distribution facility on 20 acres in the Interstate 15 corridor of Las Vegas. LogistiCenter Cheyenne is located at 4025 East Cheyenne Avenue, two miles east of Interstate 15. The key West Coast markets of Los … [Read more...] about Dermody Properties Starts Construction on Las Vegas Industrial Facility
If You Build It, Will They Come?
Construction Returns to Nevada’s Industrial Market Nevada’s industrial market, which was devastated by the recession, has now recovered to the point where developers have returned to the market with “spec” projects (those built in advance of a contract or buyer). Now that 2014 year-end numbers have been tallied and evaluated, commercial real estate experts agree that the … [Read more...] about If You Build It, Will They Come?
A Developing State: Growing Economy Encourages New Projects
As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...] about A Developing State: Growing Economy Encourages New Projects
Dermody Properties
When businessman John Dermody accepted the Nevada franchise for the Philco Appliance Company and relocated his family to Reno in 1950, little did anyone suspect that this move would be the catalyst that created a successful industrial development company, Dermody Properties. Appliances after World War II were like cell phones are today… consumers couldn’t get enough of them. … [Read more...] about Dermody Properties
The Survivors: Builders and Developers in Nevada
The economic downturn in 2007 left both residential and commercial developers and builders in the Silver State scrambling for work. Many were forced to downsize their staffs, and some even closed their doors. “Since 2008, the development business has been a fraction of what it was,” said Doug Kiersey, president of Dermody Properties, a Reno-based industrial … [Read more...] about The Survivors: Builders and Developers in Nevada
The Logistics of Economic Recovery: The Distribution Industry in Nevada
That big-box warehouse down the street may not be the prettiest feature of the Nevada landscape surrounding you, but next time you’re driving past it, consider this: It, and other facilities like it, might just save the state’s struggling economy. Nevada is poised to become a major distribution center in the West. According to a 2011 study commissioned by the State of … [Read more...] about The Logistics of Economic Recovery: The Distribution Industry in Nevada