RENO – The Reno/Sparks Association of REALTORS (RSAR) released its July 2017 report on existing home sales in Washoe County, including median sales price and number of home sales in the region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com). During July 2017, the report showed Washoe County had 627 sales of existing … [Read more...] about RSAR Releases July 2017 Existing Home Sales Report
Las Vegas real estate
Southern Nevada Housing Market Stays Hot as Home Sales, Prices Keep Rising
GLVAR Housing Statistics for July 2017 LAS VEGAS – The Greater Las Vegas Association of REALTOR (GLVAR) reported that the increasingly hot local housing market showed no signs of cooling off in July, with home prices and sales continuing to rise while the housing supply keeps shrinking. GLVAR reported that the median price of existing single-family homes sold during July … [Read more...] about Southern Nevada Housing Market Stays Hot as Home Sales, Prices Keep Rising
Vegas Golden Knights Partners With Berkshire Hathaway HomeServices Nevada Properties
Berkshire Hathaway HomeServices Nevada Properties is now a partner of the Vegas Golden Knights NHL hockey team. The company will offer services to players, employees and families relocating to Southern Nevada. “Our company has been a part of the Southern Nevada community for nearly 40 years, and we are thrilled to welcome a new chapter in our city’s history with the Vegas … [Read more...] about Vegas Golden Knights Partners With Berkshire Hathaway HomeServices Nevada Properties
Red Report: August 2017
E Sale, Industrial ADDRESS 3110 Venture Dr., 89101 BUYER Pro Point, Inc. SELLER Nevada Builders Venture, LLC DETAILS 8,564 SF; $899,220 APN 139-36-813-008 BUYER’S REP Zac Zaher of CBRE Sale, Multi-Family ADDRESS 150 Hoover Ave., 89101 BUYER The Hoover, LLC SELLER Pinetree, LLC DETAILS 56 units; $38,661 per unit APN 139-34-410-031 BUYER’S REP Devin Lee, CCIM and … [Read more...] about Red Report: August 2017
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
REALTORS Keep Gaining Confidence in Southern Nevada Housing Market
GLVAR-Lied Institute Survey Shows Nine of 10 Expect Rising Home Prices LAS VEGAS – Local REALTORS continue to gain confidence in the Southern Nevada housing market, with more than nine out of 10 expecting local home prices to keep going up in the next year. This was just one of the findings in the latest Quarterly Sentiment Index released this week by UNLV’s Lied Institute … [Read more...] about REALTORS Keep Gaining Confidence in Southern Nevada Housing Market
Dickson Commercial Group Completes Investment Sale of Sparks Office Building
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
Colliers International – Las Vegas Welcomes Property Manager Gawaan Hureskin
Colliers International – Las Vegas is proud to welcome Gawaan Hureskin as Property Manager in the Property Management Department. Prior to joining Colliers, Hureskin spent 13 years in the Federal Housing Division working for the Department of Housing and Urban Development (HUD) in both Chicago and Las Vegas. He previously worked for the Southern Nevada Regional Housing … [Read more...] about Colliers International – Las Vegas Welcomes Property Manager Gawaan Hureskin
Nevada Rural Housing Authority Announces Promotions of Melanie Evans and Grant Brewer
Carson City – Nevada Rural Housing Authority (NRHA) announced that it has recently promoted two individuals within its Homebuyer Services Department: Melanie Evans was promoted from Home At Last specialist to Home At Last team supervisor and Grant Brewer was promoted from Home At Last management assistant to Home At Last specialist. The Home At Last team works everyday to … [Read more...] about Nevada Rural Housing Authority Announces Promotions of Melanie Evans and Grant Brewer
National Industrial Developer Dermody Properties Acquires 111,043 SF Class-A Industrial Building in the Silicon Valley
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
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