Northern Nevada By Gary Tremaine, Dickson Commercial Group (DCG) The retail market in Washoe County remained steady in Q4, with vacancy moving down slightly to 3.8%, reflecting sustained demand for retail space. The quarter did not include any leases exceeding 6,000 sq. ft., indicating limited large-format leasing activity. The largest direct lease was Anthropologie’s 5,995 … [Read more...] about ReD Report
Liz Clare
ReD ReportRetail Summary: Second Quarter 2025
Northern Nevada By Gary Tremaine, Dickson Commercial As we moved through Q2 2025, retail investment in Washoe County saw a notable surge, with transaction volume reaching over $75 million and marking a strong increase from the previous quarter. Single-tenant sales in Washoe County remained strong through Q2 2025, accounting for 76.47% of total retail transaction volume for … [Read more...] about ReD Report
Let’s Go ShoppingRetail in Nevada
Online shopping was already changing the face of retail when COVID hit and everything closed down. Without the ability to shop brick-and-mortar stores, consumers ramped up ordering online with delivery. Some physical stores closed, mom and pop or regional among them. Others were able to thrive post-lock down, pivoting and taking advantage of new shopping trends, from delivery … [Read more...] about Let’s Go Shopping
ReD ReportRetail Summary: Second Quarter 2024
Northern Nevada By Gary Tremaine, Dickson Commercial The Washoe County retail market continues to remain strong as it has throughout previous quarters. Reaching $54,824,280 in transaction volume, there was a slight uptick compared to Q1 2024. Retail vacancies maintain historic lows, signifying that there is much demand with lessening supply. Similar to last quarter, … [Read more...] about ReD Report
ReD ReportRetail Summary: Third Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The retail market in northern Nevada has encountered ongoing obstacles in terms of development, such as elevated construction expenses and the imperative to address escalating inflation. Nevertheless, there are several new projects advancing. Both regional and national tenants have shown sustained interest in our … [Read more...] about ReD Report
Commercial RE ReportRetail Summary First Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The first quarter of the year saw a significant increase in volume over Q4 2022, but most of the volume increase was due to the sale of the Summit Mall, acquired by Rhino Properties in South Meadows. There was a decrease in sales in Q1 2023 compared to Q4 2022, but a decent increase in sales volume and average … [Read more...] about Commercial RE Report
Commercial RE ReportThird Quarter 2022
Northern Nevada By Gary Tremaine, Dickson Commercial Group The third quarter saw a large decrease in overall commercial sales volume, with retail numbers decreasing in volume by nearly $70 million. There were 16 total sale transactions in Q3 2022, in comparison to last quarter’s 20, being the second highest in the last few years. In North Valleys, a strip mall shopping … [Read more...] about Commercial RE Report
Commercial RE ReportRetail Summary: First Quarter 2022
Northern Nevada By Gary Tremaine & Amanda Brierton, Dickson Commercial Although 2021 ended with a large increase in volume (almost $200 million) investment activity in the first quarter dropped back down to $45 million in sales transactions to start the year. Which is more consistent with previous quarters going back 24 months. Redevelopment projects were a theme … [Read more...] about Commercial RE Report
Commercial RE Report: Retail SummaryFourth Quarter 2021
Northern Nevada By Gary Tremaine & Amanda Brierton | Dickson Commercial Retail had its strongest quarter of the year for sales with just over $188 million and 25 total sales in Q4. There were multiple shopping centers and larger multi-tenant sales that took place before year end. In west Reno, CAI Investments purchased the Cabela’s in Verdi for $39 million ($305.27 … [Read more...] about Commercial RE Report: Retail Summary
Commercial RE Report Retail SummaryThird Quarter 2021
Northern Nevada By Gary Tremaine & Amanda Brierton, Dickson Commercial Retail had another strong quarter with Q3 total sales being $28.32 million and 10 total sales. The average price per square foot in the third quarter was $200. The first neighborhood center traded hands in the third quarter of 2021. The market has limited inventory and single tenant net leased … [Read more...] about Commercial RE Report Retail Summary
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
Red Report: September 2016
E Sale, Multi-Family ADDRESS 5325 E. Tropicana Ave., 89122 BUYER Aspen Square Management, Inc. SELLER Majestic Heights Owner, LLC DETAILS 240 units; $77,500 per unit APN 161-28-102-002 SELLER’S REP Art Carll and Patrick Sauter of NAI Vegas | The Sauter Multifamily Group H Sale, Retail ADDRESS Multiple Properties, 89052 BUYER 3D Investments, LLC SELLER Eastern … [Read more...] about Red Report: September 2016
Red Report: July 2016
E Sale, Retail ADDRESS 5061 E. Sahara Ave., 89142 BUYER JARM, LLC SELLER East Sahara & Nellis, LLC DETAILS 9,200 SF; $2,550,000 APN 161-09-115-003 SELLER’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank H Sale, Office ADDRESS 139 E. Warm Springs Rd., 89015 BUYER Daniel J. Beumer SELLER Foundation Executives Suites, LLC DETAILS 6,300 SF; … [Read more...] about Red Report: July 2016
Red Report: April 2016
E Sale, Land ADDRESS SWC of Nellis Blvd. & Geist Ave., 89115 BUYER Millis Nellis, LLC SELLER Criswell Properties, LLC DETAILS 1.39 acres; $292,000 APN 140-17-611-011 BUYER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank SELLER’S REP Gary Burgher of Pro Commercial Real Estate, Inc. H Sale, Office ADDRESS 2811 W. Horizon Ridge Pkwy., 89052 BUYER … [Read more...] about Red Report: April 2016
Nevada Real Estate & Development Report: July 2014
E Sale, Multi-Family ADDRESS 1401 N. Lamb Blvd., 89110 BUYER Masuda Family Trust SELLER Brooksone Apartments, LLC DETAILS 193 units; $10,550,000 APN 140-29-101-019 SELLER’S REP Patrick J. Sauter and Art Carll of NAI Vegas The Sauter Multifamily Group H Sale, Multi-Family ADDRESS 1651 American Pacific Dr., 89074 BUYER Hamilton Zanze & Company SELLER The Calida … [Read more...] about Nevada Real Estate & Development Report: July 2014