RENO, Nev. – Dickson Commercial Group (DCG) is pleased to announce the expansion of its office, nearly doubling its footprint from 5,500 square feet to over 10,000 square feet at 333 Holcomb Avenue in Downtown Reno. With the rapid growth of DCG Management and the recent addition of DCG Medical Group, the expansion was necessary to bring the team together in one location. Led … [Read more...] about Dickson Commercial Group Expands Company Footprint in Downtown Reno Office
Dickson Commercial Group
Dickson Commercial Group Announces the Promotion of Chris Shanks, CCIM to Senior Vice President
RENO, Nev. -- Chris Shanks has been recently elevated to senior vice president within Dickson Commercial Group (DCG). The promotion is a result of the combination of both recent transactional production and tenure in the marketplace. “This promotion helps recognize the success in Chris’s career with DCG," said Tom Fennell, SIOR, principal at DCG. "He is one of the only true … [Read more...] about Dickson Commercial Group Announces the Promotion of Chris Shanks, CCIM to Senior Vice President
Dickson Commercial Group Represents Seller in 25,432 SF Mixed-Use Office/Retail Building in the Heart of Midtown
(RENO, Nev.) -- DCG’s Dominic Brunetti, CCIM and Scott Shanks, SIOR, Patrick Riggs, and Gary Tremaine, represented the seller in the disposition of a 25,432 square foot mixed-use office/retail building located at 2195 South Virginia Street. The building was sold to Reno Community Health Center, LLC for $6,400,000, 100% of the initial asking price. The two-story building stands … [Read more...] about Dickson Commercial Group Represents Seller in 25,432 SF Mixed-Use Office/Retail Building in the Heart of Midtown
Commercial RE ReportThird Quarter 2022
Northern Nevada By Gary Tremaine, Dickson Commercial Group The third quarter saw a large decrease in overall commercial sales volume, with retail numbers decreasing in volume by nearly $70 million. There were 16 total sale transactions in Q3 2022, in comparison to last quarter’s 20, being the second highest in the last few years. In North Valleys, a strip mall shopping … [Read more...] about Commercial RE Report
Dickson Commercial Group Represents Seller in Disposition of 90,056 SF Industrial Building in Carson City
(CARSON CITY, Nev.) -- Dickson Commercial Group's (DCG’s) Industrial team, Nick Knecht, CCIM, Joel Fountain, SIOR, and Baker Krukow, along with DCG Principal Tom Fennell, SIOR, CCIM, represented the seller, Sierra Nevada Media Group, in the disposition of 580 Mallory Way in Carson City, Nevada. The 90,056-square-foot industrial building was purchased by real estate and … [Read more...] about Dickson Commercial Group Represents Seller in Disposition of 90,056 SF Industrial Building in Carson City
Back to the OfficeNevada’s Office Market 2022
Nevada's office market was hit hard by the 2008 recession, when often companies expecting to expand instead contracted and downsized their use of office space. Office product was vacated or underutilized. Vacancy rates jumped. New product stood empty. In the last 12 years, there's been very little new product under construction. Fast forward to today, when the office market … [Read more...] about Back to the Office
Dickson Commercial Group Industrial Team Announces Panattoni Development’s 195,000± SF Addition to Spanish Springs Business Center
(RENO, Nev.) -- Dickson Commercial Group (DCG) is pleased to announce the development of 420 Ingenuity Ave. by Panattoni Development Company, a 195,000± square foot Class A industrial building in northern Nevada’s Spanish Springs Business Center with planned delivery in Q4 2023. The project will feature a combination of light industrial flex space, with smaller units divisible … [Read more...] about Dickson Commercial Group Industrial Team Announces Panattoni Development’s 195,000± SF Addition to Spanish Springs Business Center
Nick Knecht of Dickson Commercial Group Earns CCIM Designation
(RENO, Nev.) -- Dickson Commercial Group (DCG) congratulates Nick Knecht, senior advisor, industrial, for obtaining his Certified Commercial Investment Member (CCIM) designation. The CCIM designation is awarded upon successful completion of an advanced education curriculum, presentation of an extensive portfolio of qualifying industry experience and passing the Institute’s … [Read more...] about Nick Knecht of Dickson Commercial Group Earns CCIM Designation
New Users and UsesIndustrial Commercial Real Estate in Nevada
“Industrial real estate across the country is doing extremely well right now. Las Vegas is out performing, but it’s not exclusive to Las Vegas,” said Garret Toft, executive vice president, industrial, CBRE. “We’re seeing a period of very strong demand from tenants and users at a time where we’ve been developing quite a bit of industrial. But, demand is outpacing [supply] and … [Read more...] about New Users and Uses
Commercial RE Report: Retail SummarySecond Quarter 2021
Northern Nevada By Dickson Commercial Group Retail had another strong quarter with Q2 total sales at nearly $48 million over 23 total sales. The average price per square foot in the first quarter was $356.76 with two sales over $1,000 per square foot. No neighborhood centers have traded hands in the first two quarters of 2021. The market has limited inventory and … [Read more...] about Commercial RE Report: Retail Summary
Commercial RE Report: Retail SummaryFirst Quarter 2021
Northern Nevada By Dickson Commercial Group Retail had a strong start to the year in Q1 with $40,203,740 in total sales volume and 19 total sales. The average price per square foot in the first quarter was $347.20 with two sales over $1,000 per square foot. No neighborhood centers traded hands in the first quarter. The market has limited inventory and single … [Read more...] about Commercial RE Report: Retail Summary
Multi-Family in NevadaLet’s Get Vertical
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
Commercial RE ReportRetail Summary: Fourth Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its best quarter of the year in the fourth quarter of 2020 with $84.05 million in total sales volume and 19 total sales. For comparison, the total volume in Q3 was $10.3 million and the total volume in Q2 was $9.6 million. The average price per square foot in the fourth quarter was the lowest average this year at … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: Third Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its second slow quarter in a row with only 11 total sales. The third quarter sales volume came in at $10,303,027. In comparison, Q1 2020 had a total sales volume of roughly $42 million and there was just over $48 million per quarter throughout 2019. The average price per square foot was $331.26. The social … [Read more...] about Commercial RE Report
Dickson Commercial Group Sells Midtown’s Best Bet Motel
Dickson Commercial Group is pleased to announce the recent sale of 941 South Virginia Street. Multifamily team, Trevor Richardson and Chris Moton represented both sides of the acquisition that closed October 2, 2020. The 8,080 square foot multifamily converted motel stands on a .33 acre lot centrally located in Reno’s hip Midtown district. The Best Bet Motor Lodge was sold … [Read more...] about Dickson Commercial Group Sells Midtown’s Best Bet Motel