Northern Nevada By CBRE Reno The Northern Nevada industrial real estate market showed strong performance in Q4 2017. With approximately 1.4 million square feet of positive net absorption recorded this quarter, the region’s 2017 positive absorption total grew to 3.9 million square feet. The completion of two new Class A speculative projects in Q4 added much-needed space to … [Read more...] about Industrial Summary: Fourth Quarter 2017
Dickson Commercial Group
KPS3 Acquires Building in Downtown Reno
RENO — KPS3 Marketing, a full-service marketing and digital communications firm, has acquired a three-story office building located at 500 Ryland Street. The purchase demonstrates KPS3’s investment in the vibrant business growth and development happening in downtown Reno. The building consists of 15,657 square feet of office space. KPS3 plans to remodel the top and bottom … [Read more...] about KPS3 Acquires Building in Downtown Reno
Dickson Commercial Group Sells Flex Building in Carson City
Carson City, Nev. – Dickson Commercial Group is pleased to announce the successful sale at 4388 N. Carson Street. The building is located in North Carson near the Carson Tahoe Medical Center. The 15,666-square-foot, freestanding flex building was purchased by owner-user Galfer USA, LLC from McCloskey Family Trust for $1,400,000 ($89 p/sf). Galfer USA specializes in performance … [Read more...] about Dickson Commercial Group Sells Flex Building in Carson City
Dickson Commercial Group Sells Class A Office Building in Caughlin Ranch
Reno, Nev. – Dickson Commercial Group is pleased to announce the successful sale at 4795 Caughlin Parkway in Reno. The Class A, 13,799-square-foot, a freestanding office building on 0.687 acres was purchased by TGF, LLC from Sierra Investments 1, LLC for $2,400,000 ($174 p/sf). Dominic Brunetti, CCIM, and Scott Shanks, SIOR of DCG, represented the seller, and Harvey Fennell and … [Read more...] about Dickson Commercial Group Sells Class A Office Building in Caughlin Ranch
Office Summary: Third Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q3 2017 declined by 0.9 points to 18.3 percent from Q2 2017. Compared to Q3 2016, the office vacancy rate was down 1.8 points, from 20.1 percent. Vacancy rates ranged from 15.9 percent for Class C space to a high of 20.8 percent for Class B space in Q3. Las Vegas Valley’s office vacancy rate in Q3 2017 declined by 0.9 … [Read more...] about Office Summary: Third Quarter 2017
DCG Represents Seller in Disposition of Sparks, Nev. Retail Land Parcel
Dickson Commercial Group is pleased to announce the successful sale at 2050 Pyramid Way in the Sparks submarket. The 1.296 acre parcel has prime frontage on Pyramid Way and sold for $1,300,000 or $23 p/sf. Travis Hansen, CCIM, of DCG represented the seller, 2050 Pyramid Way, LLC. The buyer was Surf Thru, Inc., a California Corporation, which plans to construct a Surf Thru … [Read more...] about DCG Represents Seller in Disposition of Sparks, Nev. Retail Land Parcel
Dickson Commercial Group Represents Buyer in Purchase of Fully Leased Industrial Building in North Valleys Submarket
Reno, Nev. – Dickson Commercial Group is pleased to announce the successful investment sale at 640 Orrcrest off Parr Blvd in the North Valleys submarket. The 11,700 square-foot free standing office and warehouse facility sits on 2.05 acres and is located in close proximity to I-580. The building sold for $1,060,000 or $91 p/sf. Lindy Deller and Tom Fennell, CCIM of DCG … [Read more...] about Dickson Commercial Group Represents Buyer in Purchase of Fully Leased Industrial Building in North Valleys Submarket
Dickson Commercial Group Represents Buyer in Downtown Reno Mixed-Use Redevelopment Transaction
Reno – Dickson Commercial Group is pleased to announce the successful transaction at 205 S. Sierra St. in Reno, more commonly known as the Sierra Vista Professional Building. The seven-story high-rise is located in downtown Reno at the intersection of S. Sierra St. and Court St. near the Reno Justice Courthouse. The 72,845 square foot building includes multiple levels of … [Read more...] about Dickson Commercial Group Represents Buyer in Downtown Reno Mixed-Use Redevelopment Transaction
Industrial Summary: Third Quarter 2017
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q3, 2017 was 5.5 percent, down 0.5 percentage points from the second quarter. Vacancies were down all product types except for light industrial. The quarter also saw a large amount of completions. The Valley’s industrial market remains healthy and continues to grow. Q3, 2017 saw 2.3 million square … [Read more...] about Industrial Summary: Third Quarter 2017
Baker Krukow Joins Dickson Commercial Group
(Reno, Nev.) – Baker Krukow has joined the team of Dickson Commercial Group (DCG), a full-service commercial real estate firm, as a commercial real estate advisor. Krukow has more than 10 years experience in sales and logistics, primarily in the electrical construction industry. Prior to DCG, Krukow was a senior outside sales representative at Graybar Electric, a Fortune 500 … [Read more...] about Baker Krukow Joins Dickson Commercial Group
Dickson Commercial Group Announces Successful Closing of the Largest Industrial Sales in Q3 2017
(Reno, Nev.) – In the North Valleys Submarket, Joel Fountain; Chris Shanks, CCIM; Dominic Brunetti, CCIM; and Scott Shanks, SIOR, as exclusive investment sales advisors to the seller, successfully negotiated the investment sale at 12085 Moya Blvd. for $3,450,000 ($68.20 p/sf), or a 6.4 percent selling cap rate. The listing team was able to close the transaction in just 22 days. … [Read more...] about Dickson Commercial Group Announces Successful Closing of the Largest Industrial Sales in Q3 2017
Retail Summary: Second Quarter 2017
Southern Nevada After a small first quarter increase of 0.3 points from 10.5 percent vacancy in the Las Vegas retail market held firm at 10.8 percent in Q2. The Valley’s anchored retail market is generally stabilized, though there remains room for improvement. Some submarkets have fared better than others, such as the Northeast with a 5.8 percent vacancy rate. At the other end … [Read more...] about Retail Summary: Second Quarter 2017
Office Summary: Second Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q2 2017 declined by 1.1 points to 19.2 percent from Q1 2017. Compared to Q2 2016, the office vacancy rate was down 1 point, from 20.2 percent. Vacancy rates ranged from 15.7 percent for Class C space to a high of 23.3 percent for Class A space in Q2. Las Vegas Valley’s office vacancy rate in Q2 2017 declined by 1.1 … [Read more...] about Office Summary: Second Quarter 2017
Dickson Commercial Group Completes Lease Negotiation on Behalf of Panasonic in Tahoe Regional Industrial Center
Storey County, Nev. – Dickson Commercial Group is pleased to announce the successful lease transaction of 220,00 square feet of warehouse space at 2777 USA Parkway in the Tahoe Regional Industrial Center. This lease marks one of the largest industrial deals in the second quarter of 2017 and Panasonic’s first large occupancy in the Northern Nevada industrial market. Joel … [Read more...] about Dickson Commercial Group Completes Lease Negotiation on Behalf of Panasonic in Tahoe Regional Industrial Center
Industrial Summary: Second Quarter 2017
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q2 2017 was 6 percent, up 0.5 percentage-points from the first quarter. Vacancies were up in every product type except for incubator. However, that did not put a dent in completions. A large amount of new space came to market during the quarter. The industrial market appears to be continuing to … [Read more...] about Industrial Summary: Second Quarter 2017