SAN JOSE – Dermody Properties, a national real estate investment, development and management company headquartered in Reno, Nevada and specializing in acquisitions and development of industrial real estate in strategic locations across the United States, recently acquired the 111,043 SF Silicon Valley Industrial Center from a private investor. Located at 6212 Hellyer Ave. in … [Read more...] about National Industrial Developer Dermody Properties Acquires 111,043 SF Class-A Industrial Building in the Silicon Valley
Las Vegas commercial real estate
National Industrial Developer Dermody Properties Expands to Southern California with Acquisition of 75,960 SF Facility
SANTA FE SPRINGS – Dermody Properties, a national real estate investment, development and management company headquartered in Reno, Nevada and specializing in acquisitions and development of industrial real estate in strategic locations across the United States, recently acquired the Bloomfield Industrial Center located in Santa Fe Springs from a private investor. Located at … [Read more...] about National Industrial Developer Dermody Properties Expands to Southern California with Acquisition of 75,960 SF Facility
NVAR Report Shows HOA Foreclosures Reduced Nevada Property Values by over $1 Billion
A report from the Nevada Association of REALTORS (NVAR) found that foreclosures by local homeowner associations have reduced property values in the state’s two most populated counties by more than $1 billion. This was just one of the findings in a report released this week by NVAR about issues surrounding foreclosures by homeowner associations and so-called super priority … [Read more...] about NVAR Report Shows HOA Foreclosures Reduced Nevada Property Values by over $1 Billion
CCIM: The Power of the Pin
The CCIM Institute – Certified Commercial Investment Member Institute – celebrates five decades as a professional organization this year. Representing a global community of 13,000 members, more than 50 chapters and 30 countries, CCIM educates and connects the world’s leading experts in investment strategy, financial and market analysis. As the national CCIM Institute … [Read more...] about CCIM: The Power of the Pin
Office in Nevada: A Perspective Shift
Nearly a decade after the recession left yawning vacancies in office properties across Nevada, buildings are finally beginning to fill. Whether the rising occupancy justifies speculative new development — particularly in the Las Vegas area — remains an open question. Applied Analysis estimates the office vacancy rate in Southern Nevada stood at 19.8 percent in the first … [Read more...] about Office in Nevada: A Perspective Shift
Red Report: July 2017
E Project, Industrial ADDRESS 4410 – 4490 Nexus Way, 89115 CONTRACTOR OF RECORD Martin-Harris Construction DETAILS Construction has commenced on the 191,206 square-foot building five of VanTrust Real Estate’s Northgate Distribution Center. Once completed, the center will have eight buildings covering 3.2 million square feet. Sale, Office ADDRESS 821 Nellis Blvd., … [Read more...] about Red Report: July 2017
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
WestCorp Management Group Retained To Manage Assets In $170 Million Las Vegas Real Estate Purchase
LAS VEGAS - WestCorp Management Group has been retained to continue managing Dream, SW and Union, three Southern Nevada apartment communities recently purchased by leading New York investment firm Blackstone for $170 million. WestCorp opened, stabilized and managed the combined 972 units for Nevada West Development prior to the sale. ARA Newmark brokered the transaction. The … [Read more...] about WestCorp Management Group Retained To Manage Assets In $170 Million Las Vegas Real Estate Purchase
Nevada Legislature Was Good to Homeowners, Nevada Realtors Report
RENO – Homeowners fared well during the 2017 session of the Nevada Legislature. So says the statewide Nevada Association of REALTORS (NVAR), which cited several new laws that should help homeowners, along with some issues that could have hindered them and the real estate industry had they passed. “The legislative process is never pretty,” 2017 NVAR President Greg Martin … [Read more...] about Nevada Legislature Was Good to Homeowners, Nevada Realtors Report
NAIOP Southern Nevada Presents “Master Builders: Community Development”
Guest speakers from The Howard Hughes Corporation, Union Village and The UNLV Harry Reid Research & Technology Park NAIOP Southern Nevada presents “Master Builders: Community Development” as part of its monthly member meeting. The meeting is sponsored by The Blue Store, Telecom Savings Store. NAIOP Southern Nevada is also accepting donations of ties and gently used … [Read more...] about NAIOP Southern Nevada Presents “Master Builders: Community Development”
GLVAR Reports Despite Housing Shortage, Local Home Prices and Sales Keep Rising
Revised GLVAR Housing Statistics for May 2017 LAS VEGAS – Despite a shrinking housing supply, the Greater Las Vegas Association of REALTORS (GLVAR) reported that local home prices and sales continued to rise. GLVAR reported that the median price of existing single-family homes sold during May through its Multiple Listing Service (MLS) increased to $250,000. That was up … [Read more...] about GLVAR Reports Despite Housing Shortage, Local Home Prices and Sales Keep Rising
Rancharrah Opens Its Gates for a Public Grand Opening Celebration
Reno’s Camelot will officially open to the public during a Grand Opening celebration on Saturday, June 10 from 11 a.m. to 6 p.m. Created by casino magnate Bill Harrah in 1957 to be the “perfect place” to call home, Rancharrah has been reimagined into a 141-acre master-planned community. Rancharrah’s first real estate offerings will be released to the public during the Grand … [Read more...] about Rancharrah Opens Its Gates for a Public Grand Opening Celebration
Affordable Housing Applications Now Available for Boulder Pines Family Apartments — Affordable Living, Great Amenities Starting at $553 a Month with Income Qualification
Applications are now being accepted for the first phase of the Boulder Pines Family Apartments, multi-family affordable apartments that are co-located with wraparound service partnerships to meet the holistic needs of the community on Boulder Highway. Monthly rents will be $553 to $1,082 per month for 2, 3, and 4-bedroom apartments. Each unit comes with a washer and dryer, … [Read more...] about Affordable Housing Applications Now Available for Boulder Pines Family Apartments — Affordable Living, Great Amenities Starting at $553 a Month with Income Qualification
NVAR Celebrates American Dream, National Homeownership Month
RENO – June marks National Homeownership Month, which recognizes the value of homeownership to individuals, families, communities and the nation’s economy. From building long-term personal wealth to fostering communities, strengthening social stability and driving the national economy, the value of homeownership is indisputable. The National Association of Realtors (NAR) is … [Read more...] about NVAR Celebrates American Dream, National Homeownership Month
Colliers International – Las Vegas Raises $115,000 at 23rd Annual Links for Life Charity Golf Tournament
Mike Mixer, Executive Managing Director of Colliers International – Las Vegas announced the company’s 23rd Annual Links for Life Charity Golf Tournament raised more than $115,000 for various children’s charities in Southern Nevada. This year’s event was held on May 17 at the Las Vegas Country Club. Benefactors from across Southern Nevada had an enjoyable day on the course … [Read more...] about Colliers International – Las Vegas Raises $115,000 at 23rd Annual Links for Life Charity Golf Tournament