Northern Nevada By COLLIERS | RENO While 2018 was a strong year for the Reno office market, the return of large blocks of space ended the year on a negative note with negative net absorption of 79,018 square feet. As a result, vacancy pushed up to 11.8 percent from 11.0 percent in the third quarter. This was, however, lower than year end 2017 where it ended at 12.1 … [Read more...] about Commercial RE Report
Nevada commercial real estate
The Return of Office 2019Nevada’s CRE Office Industry
Nevada’s commercial real estate office market is healthy, but not considered robust. Hit hard during the 2008 recession, it’s good to see vacancy rates dropping and rents increasing, but there’s been very little new product built in the last decade, which accounts for at least some of the continuing drop in vacancy rates. “The office market is not where we’d like it to be, … [Read more...] about The Return of Office 2019
Commercial RE ReportIndustrial Summary: Fourth Quarter 2018
Northern Nevada By CBRE Reno When reviewing 2018 and examining overall real estate fundamentals, the Reno industrial market continues to perform well. The region has been running at historically high demand levels for the past six years characterized by consistent demand, disciplined development, strong fundamentals, and increasing rental rates. Illustrating this has been … [Read more...] about Commercial RE Report
Red ReportJanuary 2019
E Sale, Retail Address 1205 Las Vegas Boulevard S, 89104 Seller DeCar Enterprises Details 31,000 SF; $6 million APN 162-03-106-001 Seller Rep Cathy Jones, CCIM, Anders Graciano and Paul Miachika of Sun Commercial Real Estate Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM … [Read more...] about Red Report
Red Report: December 2018
E Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM of Colliers International Seller Rep Dan Doherty, SIOR, Paul Sweetland, SIOR and Jerry Doty of Colliers International Sale, Multi-Family Address 4870 Nellis Oasis Ln. and 5025 Nellis Oasis Ln., 89115 Buyer … [Read more...] about Red Report: December 2018
CRE Financing: Evolving with Nevada’s Economy
A tremendous number of loans for commercial real estate (CRE) projects are being sourced and approved in Nevada in what’s described as a robust market being driven by industrial and multi-family properties. “We are seeing a good deal of industrial, including build-to-suit industrial and even some spec type industrial, and we’re seeing a lot of multi-family [apartments] and … [Read more...] about CRE Financing: Evolving with Nevada’s Economy
Retail Summary: Second Quarter 2018
Northern Nevada By NAI Alliance The overall Northern Nevada economy continues to improve through the second quarter. The overall vacancy in the Reno/Sparks area decreased to 12.45 percent from the previous quarter of 13.12 percent. There was a total gross absorption of 219,414 square feet during the quarter, with a net absorption of 80,792 square feet. The anchor vacancy … [Read more...] about Retail Summary: Second Quarter 2018
Red Report: October 2018
E Sale, Industrial Address 4425 & 4405 E. Sahara Ave., 89104 Buyer CIP Real Estate Corporation Seller East Sahara SPE Details 72,042 SF; $6.8 million APN 161-08-101-001 Seller Rep Brian Riffel, SIOR and Tyler Jones of Colliers International Sale, Industrial Address 2729 N. Lamb Blvd., 89115 Buyer Beverage Excellence Seller MCA Lamb Details 6,347 SF; … [Read more...] about Red Report: October 2018
Jennifer Ott named CALV Member of the Year
LAS VEGAS – The Commercial Alliance Las Vegas (CALV) honored local commercial real estate industry leader Jennifer Ott as its CALV Member of the Year. Ott, who holds the Certified Commercial Investment Member (CCIM) designation, was CALV’s president in 2017. She was honored during CALV’s 13th annual Commercial Alliance Educational Symposium for commercial real estate … [Read more...] about Jennifer Ott named CALV Member of the Year
Nevada State College Hires Las Vegas Native Anthony Ruiz as Senior Advisor of Government Relations and Community Affairs
Henderson – Nevada State College announces Anthony Ruiz as new senior advisor of Government Relations and Community Affairs for Nevada State College. A Las Vegas native, Ruiz will be responsible for working with state, local and federal government officials and their staffs to successfully execute the College’s mission and Board of Regent approved initiatives. This position is … [Read more...] about Nevada State College Hires Las Vegas Native Anthony Ruiz as Senior Advisor of Government Relations and Community Affairs
Robert Coomer Named Home At Last VIP
Henderson – Home At Last, a program of the Nevada Rural Housing Authority (NRHA), presented Robert Coomer, regional vice president at Cardinal Financial Company in Las Vegas, the Very Important Partner (VIP) Award for Southern Nevada. The VIP award is given to professionals who help NRHA and the Home At Last program fulfill the mission of promoting, providing and financing … [Read more...] about Robert Coomer Named Home At Last VIP
Tolles Development Company Acquires Industrial Assets in Reno-Sparks
Five warehouses in the Reno-Sparks area are under new ownership after a transaction between Tolles Development Company and McKenzie Properties. Tolles Development Company has increased its portfolio by acquiring a combined total of more than 202,700-square-feet in warehouse spaces in Reno-Sparks. Landmark buildings include The Generator, an inclusive artspace known for … [Read more...] about Tolles Development Company Acquires Industrial Assets in Reno-Sparks
Colliers International – Las Vegas Closes $16M Sale of Matter Real Estate Group’s Foremost Industrial Property Matter @ Craig
LAS VEGAS – Colliers International – Las Vegas is pleased to announce that Matter Real Estate Groups’ newly constructed 155,790-square-foot class A industrial building located at 4325 Corporate Center Drive has been sold to Christie Lites – the largest stage lighting company in North America. Jerry Doty of Colliers International represented the buyer Christie Lites, and Dan … [Read more...] about Colliers International – Las Vegas Closes $16M Sale of Matter Real Estate Group’s Foremost Industrial Property Matter @ Craig
GLVAR Announces Officers and Board Members for 2019
LAS VEGAS – The Greater Las Vegas Association of REALTORS (GLVAR) announced the results of its annual election of officers and board members, with local REALTORS Janet Carpenter serving as 2019 president and Tom Blanchard serving as 2019 president-elect. GLVAR members voted from Sept. 17-19, electing the following officers and directors to lead Southern Nevada’s largest … [Read more...] about GLVAR Announces Officers and Board Members for 2019
Southern Nevada Home Builders Association Adds Government Affairs Position
The Southern Nevada Home Builders Association has hired Cassidy Wilson to a new role as government affairs and community relations analyst. The position will include assisting with daily government affairs and community relations efforts, attending local and state meetings, helping expand the industry's workforce, and highlighting the work of HomeAid Southern Nevada. "We … [Read more...] about Southern Nevada Home Builders Association Adds Government Affairs Position