Southern Nevada Las Vegas Valley’s speculative office vacancy rate in Q3, 2016 declined 0.2 points to 20 percent from Q2, 2016. Compared to Q3, 2015, the office vacancy rate is up 0.2 points, from 19.8 percent. Vacancy rates ranged from 15 percent for Class C space to a high of 28.2 percent for Class A space at the end of Q3. In terms of the trend, the Office market continues … [Read more...] about Office Summary: Third Quarter 2016
Dickson Commercial Group
DCG is Pleased to Announce Two Recent Office Lease Signings for Local Headquarters
Scott Shanks, SIOR and Dominic Brunetti, CCIM represented Global Logistics Properties (GLP) in the lease of 1,625 square feet at 100 W. Liberty in Downtown Reno for their local offices. GLP is a leading provider of modern logistics facilities in China, Japan, Brazil and the United States. In the Sparks Submarket, Scott Shanks, SIOR, Dominic Brunetti, CCIM and Joel Fountain … [Read more...] about DCG is Pleased to Announce Two Recent Office Lease Signings for Local Headquarters
DCG Helps Tire Company Open Sparks Facility
Dickson Commercial Group (DCG) is pleased to announce the recently completed lease between CMC Tire, Inc and Nepenthe Properties, LLC for a 13,785 square foot facility at 1105 Kleppe Lane in the Sparks Submarket. Joel Fountain, industrial specialist with DCG, represented CMC in their search for a Northern Nevada facility. The company is a commercial tire dealer and service … [Read more...] about DCG Helps Tire Company Open Sparks Facility
Dickson Commercial Group Sells Freestanding Office Building in Sparks
Dominic Brunetti, CCIM and Scott Shanks, SIOR of Dickson Commercial Group recently represented Greater Nevada Credit Union in the sale of a 2,378 square foot freestanding office building at 1255 North McCarran Boulevard. The building was purchased for $545,000 by Robbie Rushing with Rushing Living Trust. This shows continued demand for owner‐occupied real estate as opposed to … [Read more...] about Dickson Commercial Group Sells Freestanding Office Building in Sparks
Retail Summary: Second Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail vacancy rate declined from 11.3 percent to 11 percent in the past 12 months. At the end of Q2, vacancy rates were 7 percent in power centers, 12.5 percent in community centers and 11.8 percent in neighborhood centers. With the retail market just 1 point above the 10 percent stabilized rate and taxable retail sales at … [Read more...] about Retail Summary: Second Quarter 2016
Dickson Commercial Group Marks Second Anniversary Serving Northern Nevada
(Reno, Nev.) – Dickson Commercial Group, a locally owned and operated full service commercial real estate firm, is celebrating its 2nd anniversary. Dickson Commercial Group serves all sectors of commercial real estate, including investment sales, industrial, office, retail, multifamily and student housing, land acquisition, residential and commercial development. Dickson … [Read more...] about Dickson Commercial Group Marks Second Anniversary Serving Northern Nevada
Office Summary: Second Quarter 2016
Southern Nevada Las Vegas Valley’s speculative office vacancy rate in Q2 2016 declined 2.5 points to 16.2 percent from Q1 2016. This was a big decline after the first rise in vacancy in four quarters during Q1. Vacancy rates ranged from 14.1 percent for Class C space to 21.3 percent for Class A space at the end of Q2. There was one office completion in Q2, the Park at … [Read more...] about Office Summary: Second Quarter 2016
DCG Partners Help Sell 9 Acres Along Mt. Rose Highway
DCG is pleased to announce the successful sale of 9.18 acres of land in South Reno. Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the seller, KAJ Properties II, LLC, in the disposition of the 9.18 acres at 5185 Edmonton Drive in South Reno. The parcel is situated on the corner of Edmonton Drive and Mount Rose Highway, and is near Galena High School. The property was … [Read more...] about DCG Partners Help Sell 9 Acres Along Mt. Rose Highway
Dickson Commercial Group helps relocate mining company to new headquarters
Reno, Nev. – Dickson Commercial Group recently represented Klondex Holdings (USA) Inc. a gold mining company in the lease of 12,695 square feet at 6110 Plumas Ave. The building is owned by local developer McKenzie Properties and is conveniently located on Plumas Ave, near the McCarran Loop. Klondex moved their headquarters from the North Valleys. Fred Miller, SIOR and Sheila … [Read more...] about Dickson Commercial Group helps relocate mining company to new headquarters
Red Report: August 2016
E Sale, Other ADDRESS 5621 – 5719 Judson Ave., 89156 BUYER Progressive Pilgrims Fellowship SELLER Saint Michael Antiochian Orthodox Church DETAILS 7,000 SF; $730,000 APN 140-21-601-005 SELLER’S REP Al Twainy, CCIM of Colliers International H Sale, Office ADDRESS 150 N. Gibson Rd., 89014 BUYER Harsch Investment Properties SELLER Basic Land Company, Inc. DETAILS … [Read more...] about Red Report: August 2016
Dickson Commercial Group Helps to Bring Two New Tenants to Downtown Office Building
Dickson Commercial Group is pleased to announce two new tenants into the Downtown office building of 1 E. Liberty Street. The Nevada Franchise Auto Dealers Association leased 1,071 square feet on the 4th Floor and financial services firm Ancora West leased 2,250 square feet on the 4th floor. Scott Shanks, SIOR and Dominic Brunetti, CCIM of DCG represented the landlord, 1 E. … [Read more...] about Dickson Commercial Group Helps to Bring Two New Tenants to Downtown Office Building
Dickson Commercial Group Represents Seller in Downtown Building Sale
Reno, Nev. – Dickson Commercial Group recently represented the seller in the disposition of the freestanding building and associated parking lot at 132 E. 2nd Street. The building was located on the corner of 2nd and Lake street, and is one block from the new Marriott hotel and Greater Nevada Field. It featured a freestanding building in shell condition and 0.64 acres of … [Read more...] about Dickson Commercial Group Represents Seller in Downtown Building Sale
Retail Summary First Quarter 2016
Southern Nevada The Las Vegas Valley retail vacancy rate dropped 0.2 percentage points to 10.1 percent in Q1, 2016, a positive start to the year. At the end of Q1, Southern Nevada’s vacancy rate was again lowest in power centers at 7.2 percent. Neighborhood and community centers were almost even with vacancy rates of 10.9 and 11 percent, respectively. As of the end of Q1, … [Read more...] about Retail Summary First Quarter 2016
Dickson Commercial Group Represents Family Doctor in Acquisition of New Location
Sparks – Dickson Commercial Group represented buyer Dr. Ryan Zeller in his recent acquisition of the office building located at 518 Pyramid Way in Sparks, NV. The building has excellent frontage from Pyramid Way and is located close to Interstate 80. Dr. Zeller has been practicing family medicine for over 20 years and will move his practice from its current location in Sparks … [Read more...] about Dickson Commercial Group Represents Family Doctor in Acquisition of New Location
Office Summary: First Quarter 2016
Southern Nevada Las Vegas Valley speculative office vacancy rate in Q1, 2016 rose 0.3 points to 18.7 percent from Q4, 2015. This was the first increase in the vacancy rate in four quarters. Vacancy rates ranged from 15.5 percent for Class C space to 23.5 percent for Class A space at the end of Q1. Although we saw a slight increase in the vacancy rate to begin the year, we … [Read more...] about Office Summary: First Quarter 2016