Sparks – Dickson Commercial Group is pleased to announce the successful sale of the office building located at 175 Salomon Circle. Scott Shanks, SIOR; Dominic Brunetti, CCIM; and Chris Shanks, CCIM, of Dickson Commercial Group (DCG) represented the Seller, 175 Salomon Circle LLC, in the transaction. Tom Fennell, CCIM, of DCG represented the Buyer, Hackmen3, LLC. The two-story, … [Read more...] about Dickson Commercial Group Completes Investment Sale of Sparks Office Building
Dickson Commercial Group
Retail Summary: First Quarter 2017
Southern Nevada The Las Vegas Valley retail market started 2017 with a small rise in the vacancy rate - 0.3 points from 10.5 percent in Q4, 2016 to 10.8 percent in Q1, 2017. At this point, the Valley’s retail market is generally stabilized. However, this “stabilized” state, just below the surface, remains in flux. The Las Vegas Valley retail market started 2017 with a small … [Read more...] about Retail Summary: First Quarter 2017
Office Summary: First Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q1, 2017 increased by 0.1 points to 20.3 percent from Q4, 2016. Vacancy rates ranged from 15.4 percent for Class C space to a high of 27.0 percent for Class A space in Q1. Across the board, office submarkets are well above the 10 percent stabilized rate. There was one Spec Office completion in Q1, the 150,000 square … [Read more...] about Office Summary: First Quarter 2017
Dickson Commercial Group Completes Disposition of Premier Downtown Reno Office Building
Reno - Dickson Commercial Group (DCG) is pleased to announce the successful sale of 1 E. Liberty Street in Downtown Reno. The six-story, 89,000 square-foot office building, commonly known as the U.S. Bank Building, was purchased by 1 Liberty C2K LLC, and was financed by New York Based UBS. Dominic Brunetti, CCIM and Scott Shanks, SIOR represented the seller, Reno-based … [Read more...] about Dickson Commercial Group Completes Disposition of Premier Downtown Reno Office Building
Dickson Commercial Group Completes Sale of Industrial Flex Building in Airport Submarket
Reno – Dickson Commercial Group is pleased to announce the successful sale of 4855 Joule Street. The property is located between Rock Blvd and Edison Way. Lorenz Investors, LLC purchased the 5,000 square foot industrial flex building with fenced yard for $750,000, ($150 p/sf) from Seven K Properties, LLC. The building features a mix of office and warehouse, with high-end … [Read more...] about Dickson Commercial Group Completes Sale of Industrial Flex Building in Airport Submarket
Dickson Commercial Group Represents Buyer Of Office Building on Plumb Lane
Reno – Dickson Commercial Group is pleased to announce the successful sale at 510 E. Plumb Lane.c, LLC purchased the two-story, 6,042 square foot office building from G-4, LLC, a company out of Scranton, Pennsylvania. Dixon will use the space as a corporate headquarters and general office space. Sheila Colfer, CCIM, and Fred Miller, SIOR, of Dickson Commercial Group (DCG) … [Read more...] about Dickson Commercial Group Represents Buyer Of Office Building on Plumb Lane
Red Report: May 2017
E Project, Industrial ADDRESS NEC of Las Vegas Blvd. & N. Walnut Rd., 89115 CONTRACTOR OF RECORD United Construction DETAILS The placement of the first wall panels for the 546,480 square foot LogistiCenter is complete. The building is slated for completion by the end of the second quarter of 2017. Sale, Office ADDRESS 1785 E. Sahara Ave., 89104 BUYER 1785 Office … [Read more...] about Red Report: May 2017
Retail Summary: First Quarter 2017
SOUTHERN NEVADA The Las Vegas Valley’s overall industrial vacancy rate in Q1 2017 was 5.5 percent, 0.3 percentage-points up from the 4th quarter of 2016. The warehouse/distribution product type was responsible for the vacancy increase as vacancy was down in all other product types. A large amount of warehouse/distribution space came to market in the second half of 2016; and … [Read more...] about Retail Summary: First Quarter 2017
Partner and Broker Tom Fennell Earns the Certified Commercial Investment Member (CCIM) Designation
Reno – Dickson Commercial Group (DCG) is pleased to announce that partner and broker Tom Fennell has earned the Certified Commercial Investment Member (CCIM) designation, commercial real estate’s global standard for professional achievement. The CCIM designation is awarded upon successful completion of a graduate-level education curriculum, presentation of a portfolio of … [Read more...] about Partner and Broker Tom Fennell Earns the Certified Commercial Investment Member (CCIM) Designation
Dickson Commercial Group Represents Seller in a 12-Unit Carson City Multifamily Transaction
Reno – Dickson Commercial Group is pleased to announce the successful transaction at 1400, 1404, 1408 Como Street, Carson City, NV 89701 off East 5th Street near the Nevada State Capitol Building. The 12-unit assemblage consists of three apartment buildings. Each of the 12 units features a three bedroom, two bath layout approximately 1,161 square feet in size. The assemblage … [Read more...] about Dickson Commercial Group Represents Seller in a 12-Unit Carson City Multifamily Transaction
Retail Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail had an encouraging finish to 2016 with vacancy dropping 0.7 points from 11.2 percent in Q3, 2016 to 10.5 percent in Q4, 2016. At the end of Q4, vacancy rates were 6.8 percent in power centers, 11.8 percent in community centers and 11.4 percent in neighborhood centers. Record high taxable sales are playing a significant role … [Read more...] about Retail Summary: Fourth Quarter 2016
Dickson Commercial Group Represents Seller in a 24-Unit Multifamily Student Housing Transaction
Reno – Dickson Commercial Group is pleased to announce the successful transaction at 1415, 1421, and 1425 N. Virginia St, Reno, NV 89503 directly across from the University of Nevada, Reno. The 24-unit assemblage consists of three apartment buildings, a duplex and a single-family home. The one bedroom one bath units are primarily occupied by students and professors attending … [Read more...] about Dickson Commercial Group Represents Seller in a 24-Unit Multifamily Student Housing Transaction
Dickson Commercial Group Helps Bring Asian Fusion Restaurant Venue to Downtown
Reno – Dickson Commercial Group is pleased to announce the successful lease transaction at 50 W. Liberty Street in Downtown Reno. Lindy Deller of DCG represented the tenant, CreAzian in the lease negotiations for new location. CreAzian is a fusion of Vietnamese and American Cuisine and will occupy a 4,924 square foot ground floor restaurant space at the Class A office tower, … [Read more...] about Dickson Commercial Group Helps Bring Asian Fusion Restaurant Venue to Downtown
Office Summary: Fourth Quarter 2016
Southern Nevada Las Vegas Valley’s speculative office vacancy rate in Q4, 2016 increased by 0.1 points to 20.2 percent from Q3, 2016. Compared to Q4, 2015, the office vacancy rate was up 0.2 points, from 20 percent. Vacancy rates ranged from 15.4 percent for Class C space to a high of 28.2 percent for Class A space at the end of Q4. The office market has fluctuated back and … [Read more...] about Office Summary: Fourth Quarter 2016
Dickson Commercial Group Helps Expand Local Restaurant Chain in Reno
Reno – Dickson Commercial Group is pleased to announce the recent expansion of local restaurant chain, Burger Me, into the South Reno Market. The company leased 2,446 sq. ft., retail space at the Summit Sierra mall, which adds to their locations in Northwest Reno and Truckee, Calif. Burger Me also has a gourmet burger truck specializing in event catering, business lunches, … [Read more...] about Dickson Commercial Group Helps Expand Local Restaurant Chain in Reno