Northern Nevada By CBRE Reno The Northern Nevada industrial real estate market showed strong performance in Q4 2017. With approximately 1.4 million square feet of positive net absorption recorded this quarter, the region’s 2017 positive absorption total grew to 3.9 million square feet. The completion of two new Class A speculative projects in Q4 added much-needed space to … [Read more...] about Industrial Summary: Fourth Quarter 2017
Nevada real estate
Red Report: February 2018
E Sale, Industrial ADDRESS 4620 Calimesa St., 89115 BUYER Bacio SELLER NLV Sagebrush DETAILS 22,750 SF; $2,661,750 APN 140-05-112-001 SELLER REPS Dan Doherty, SIOR and Paul Sweetland, SIOR of Colliers International Sale, Industrial ADDRESS 2782 Abels Ln., 89115 BUYER Aaron David Industrial SELLER Baldwin Holdings DETAILS 9,960 SF; $812,000 APN … [Read more...] about Red Report: February 2018
Legacy Traditional Schools Celebrates Halfway Completion of Henderson Campus
Henderson community leaders came together to commemorate reaching the halfway point of a $19.8 million charter school construction project that is bringing 80 new jobs to the community. Legacy Traditional Schools, Nevada’s newest public, tuition-free charter school, is halfway completed with its second campus in Nevada – Legacy Traditional School – Cadence. The campus, which … [Read more...] about Legacy Traditional Schools Celebrates Halfway Completion of Henderson Campus
KPS3 Acquires Building in Downtown Reno
RENO — KPS3 Marketing, a full-service marketing and digital communications firm, has acquired a three-story office building located at 500 Ryland Street. The purchase demonstrates KPS3’s investment in the vibrant business growth and development happening in downtown Reno. The building consists of 15,657 square feet of office space. KPS3 plans to remodel the top and bottom … [Read more...] about KPS3 Acquires Building in Downtown Reno
Even With Tight Housing Supply, 2017 Was a Strong Year for Local Home Sales
GLVAR Housing Statistics for December 2017 LAS VEGAS – Despite a tight housing supply, the Greater Las Vegas Association of REALTORS (GLVAR) reported that 2017 was one of the best years on record for local home sales and that home prices continued to increase from the previous year. GLVAR reported that local home prices ended the year up 14.0 percent from one year ago, … [Read more...] about Even With Tight Housing Supply, 2017 Was a Strong Year for Local Home Sales
Ira M. Gostin of 120 West Earns Accreditation in Public Relations – Agency Named “Most Innovative Strategic Marketing Agency” in Nevada
Reno – Ira Gostin, MBA, APR, the president and chief marketing officer of 120 West Strategic Communications, earned his Accreditation in Public Relations (APR) credential following the certification of his comprehensive examination on December 22, 2017. According to the Public Relations Society of America (PRSA), earning the APR credential demonstrates mastery and understanding … [Read more...] about Ira M. Gostin of 120 West Earns Accreditation in Public Relations – Agency Named “Most Innovative Strategic Marketing Agency” in Nevada
Truckee Gaming, LLC Completes Acquisition of Three Nevada Casinos Owned by Pioneer Crossing Casinos
RENO - Truckee Gaming, LLC is pleased to announce that it has completed the acquisition of three casinos and additional land owned by Pioneer Crossing Casinos, LLC. The casinos are the Pioneer Crossing Casino in Dayton, Nevada; the Pioneer Crossing Casino in Fernley, Nevada; and the Pioneer Crossing Yerington in Yerington, Nevada. Truckee Gaming received Nevada gaming … [Read more...] about Truckee Gaming, LLC Completes Acquisition of Three Nevada Casinos Owned by Pioneer Crossing Casinos
Red Report: January 2018
BC Loan, Multi-Family ADDRESS 1307 Darlene Way, 891 Del Sol Dr. & 874 Del Rey Dr., 89005 LOAN OFFICER Ory Schwartz of NorthMarq Capital DETAILS NorthMarq Capital arranged acquisition financing of $6,036,000 for three multi-family properties in Boulder City. The transaction was structured with a 10-year term on a 30-year amortization schedule. E Sale, Office ADDRESS … [Read more...] about Red Report: January 2018
Retail Summary: Third Quarter 2017
Northern Nevada By NAI Alliance The Reno/Sparks retail market saw continued improvement in the third quarter. Two anchor tenants opened stores in the market this quarter. Grocery Outlet opened their fourth location in the Spanish Springs Shopping Center in a portion of the former Scolari’s grocery store site. Sprouts opened their first local store along with Starbuck’s in … [Read more...] about Retail Summary: Third Quarter 2017
Red Report: December 2017
E Sale, Industrial ADDRESS 4480 Calimesa St., 89115 BUYER 777 Corporate Relocation, LLC SELLER NLV Sagebrush, LLC| DETAILS 19,125 SF; $2,237,625 APN 140-05-210-023 BUYER’S REP Sean Zaher, CBRE Lease, Office ADDRESS 6875 Speedway Blvd., 89115 TENANT Exhibit Services, LLC LANDLORD Speedway Commerce Center, LLC c/o Harsch Investment Properties DETAILS 23,675 SF; … [Read more...] about Red Report: December 2017
Office Summary: Third Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q3 2017 declined by 0.9 points to 18.3 percent from Q2 2017. Compared to Q3 2016, the office vacancy rate was down 1.8 points, from 20.1 percent. Vacancy rates ranged from 15.9 percent for Class C space to a high of 20.8 percent for Class B space in Q3. Las Vegas Valley’s office vacancy rate in Q3 2017 declined by 0.9 … [Read more...] about Office Summary: Third Quarter 2017
Dickson Commercial Group Represents Buyer in Downtown Reno Mixed-Use Redevelopment Transaction
Reno – Dickson Commercial Group is pleased to announce the successful transaction at 205 S. Sierra St. in Reno, more commonly known as the Sierra Vista Professional Building. The seven-story high-rise is located in downtown Reno at the intersection of S. Sierra St. and Court St. near the Reno Justice Courthouse. The 72,845 square foot building includes multiple levels of … [Read more...] about Dickson Commercial Group Represents Buyer in Downtown Reno Mixed-Use Redevelopment Transaction
Dermody Properties Leases 99,830 Square Feet in Bay Area to CHawk Technology
CHawk Expects to Create 120 New Jobs with New Facility Hayward, Calif. — Dermody Properties, a national real estate investment, development and management company, specializing in acquisitions and development of logistics real estate, recently leased the remaining 99,830 square feet of its Huntwood Industrial Center in Hayward, Calif. The new tenant, CHawk Technology … [Read more...] about Dermody Properties Leases 99,830 Square Feet in Bay Area to CHawk Technology
Red Report: November 2017
E Sale, Retail ADDRESS 1711 S. Main St. and 1736 & 1800 S. Las Vegas Blvd., 89104 BUYER 1700 Vegas, LLC SELLER Bali Family Trust, et al. DETAILS 28,560 SF; $6,350,000 APN 162-03-302-001 – 162-03-302-003 SELLER’S REP Paul Chaffee, CCIM, and Wil Chaffee, CCIM, SIOR of Sun Commercial Real Estate Sale, Multi-Family ADDRESS 5300 E. Craig Rd., 89115 BUYER IAVF … [Read more...] about Red Report: November 2017
Industrial Summary: Third Quarter 2017
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q3, 2017 was 5.5 percent, down 0.5 percentage points from the second quarter. Vacancies were down all product types except for light industrial. The quarter also saw a large amount of completions. The Valley’s industrial market remains healthy and continues to grow. Q3, 2017 saw 2.3 million square … [Read more...] about Industrial Summary: Third Quarter 2017