With the peak holiday spending in their rearview mirrors, Nevada retailers say they are cautiously optimistic about continued growth in 2017. “Retail is trending positive. I’m conservatively bullish and would be happy with one to two percent growth next year,” said Kevin Budny, senior general manager of the Galleria at Sunset in Henderson. “We were comparable to 2015 this … [Read more...] about Spending Power: Nevada’s Retail Market
Reno commercial real estate
Red Report: February 2017
E Sale, Land ADDRESS 2214 N. Pecos Rd., 89115 BUYER Oxford Investment Partners SELLER Brian J. Horner DETAILS 3.88 acres; $250,000 APN 140-19-101-015 BUYER’S REP Matthew Feustel of Virtus Commercial Loan, Motel ADDRESS 4288 N. Nellis Blvd., 89115 LOAN OFFICER David Blum of NorthMarq Capital DETAILS NorthMarq Capital negotiated the $3 million refinance of La Quinta … [Read more...] about Red Report: February 2017
Industrial Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q4, 2016 was 4.8 percent. Since Q3, 2015 the Valley’s industrial market rate has been at full occupancy and has been absorbing new space while remaking the existing inventory to accommodate larger space demand. Q4 saw 2,045,634 square feet of completed space, all of it in the warehouse/distribution … [Read more...] about Industrial Summary: Fourth Quarter 2016
RSAR Releases 2016’s Year-End, Fourth Quarter and December Existing Home Sales Reports
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its 2016 year-end, 2016 fourth quarter and December 2016 report for 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) and includes sales of bank-owned … [Read more...] about RSAR Releases 2016’s Year-End, Fourth Quarter and December Existing Home Sales Reports
Southern Nevada Home Sales Rose in 2016, Including During December
GLVAR Housing Statistics for December 2016 LAS VEGAS – The Greater Las Vegas Association of REALTORS (GLVAR) reported Friday that more existing homes were sold in Southern Nevada in 2016 than in 2015, even with a tight housing supply and rising home prices. GLVAR’s housing statistics for the month of December showed some seasonal forces at work, with local home prices … [Read more...] about Southern Nevada Home Sales Rose in 2016, Including During December
The Ups and Downs: Nevada’s Economic Forecast
Experts are bullish on Nevada’s overall economy this year, anticipating continued recovery from the recession and growth, they said. Four key markers support their outlook: Wages: The average private weekly wage for Nevada workers peaked in October at $758.86, representing a 2.3 percent year-over-year increase, according to Applied Analysis, a Las Vegas-based economic fiscal … [Read more...] about The Ups and Downs: Nevada’s Economic Forecast
Southern Nevada Home Builders Association: Advocate for Housing
For more than 60 years, the Southern Nevada Home Builders Association (SNHBA) has been a leading advocate for housing in the state of Nevada. SNHBA has played a leadership role in the numerous governmental and public affairs’ issues that impact the housing industry, and in particular, homebuilders, homebuyers and homeowners. The association is the oldest and largest trade … [Read more...] about Southern Nevada Home Builders Association: Advocate for Housing
Carefully Planned: Architects and Engineers in Nevada
Like the fellow who narrowly escaped drowning, executives of architectural and engineering firms in Nevada are really cautious as they venture back into the water. Obviously, industry executives are thrilled they’re landing a steady stream of new work as the development and construction sectors come back to life but, they’re wary of once again getting into deep water too … [Read more...] about Carefully Planned: Architects and Engineers in Nevada
Red Report: January 2017
E Sale, Multi-Family ADDRESS 501 S. 10th St., 89101 BUYER Ambleside Properties LLP SELLER T.H. Steele DETAILS 44 units; $32,727 per unit APN 139-34-811-006 SELLER’S REP Michael R. LaBar and Michael L. Shaffner of Marcus & Millichap H Sale, Retail ADDRESS 210 N. Boulder Hwy., Bldg. F, 89015 BUYER Southpoint Apartment, Inc. SELLER WPI-Lake Boulder, LLC DETAILS … [Read more...] about Red Report: January 2017
Retail Summary: Third Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail vacancy rate ticked up from 11 percent in Q2, 2016 to 11.1 percent in Q3, 2016. At the end of Q3, vacancy rates were 7.8 percent in power centers, 12.8 percent in community centers and 11.2 percent in neighborhood centers. With the retail market just one point above the 10 percent stabilized rate and taxable retail sales at … [Read more...] about Retail Summary: Third Quarter 2016
Inman Announces Reno/Sparks Association of Realtors as the Newest Select Member
Reno/Sparks Association of REALTORS to provide members with the insight of Inman Select Inman announced that Reno/Sparks Association of Realtors (RSAR) will launch Inman Select to more than 2,200 members, beginning Jan. 3, 2017. Inman Select is a premium news service for real estate professionals that delivers the latest industry news, analysis, special reports, videos, … [Read more...] about Inman Announces Reno/Sparks Association of Realtors as the Newest Select Member
Six Dickson Realty Agents Selected to Tahoe Sierra Board of Realtors
Reno – The Tahoe Sierra Board of Realtors held their annual installation of officers/directors for the Board of Realtors and the Multiple Listing Service on Friday, December 9, 2016. Elected to the Tahoe Sierra Board of Realtors from Dickson Realty were Lil Schaller as President-Elect, Anna Grahn-Nilsson as Treasurer, and Ann Nguyen, Ronda Shaw, Phoebe Landre and Greg Poulsen … [Read more...] about Six Dickson Realty Agents Selected to Tahoe Sierra Board of Realtors
Red Report: December 2016
E Sale, Industrial ADDRESS 2485 Marco St., 89115 BUYER Salazar Management Group V, LLC SELLER Lee Family Trust DETAILS 8,060 SF; $1,050,000 APN 140-17-801-006 BUYER’S REP Weichert Realtors – Aspire SELLER’S REP Sean Zaher of CBRE H Sale, Office ADDRESS 1410 & 1434 E. Lake Mead Pkwy., 89015 BUYER Great Blue Lake, LLC SELLER Lake Mead Properties, LLC DETAILS … [Read more...] about Red Report: December 2016
Office Summary: Third Quarter 2016
Southern Nevada Las Vegas Valley’s speculative office vacancy rate in Q3, 2016 declined 0.2 points to 20 percent from Q2, 2016. Compared to Q3, 2015, the office vacancy rate is up 0.2 points, from 19.8 percent. Vacancy rates ranged from 15 percent for Class C space to a high of 28.2 percent for Class A space at the end of Q3. In terms of the trend, the Office market continues … [Read more...] about Office Summary: Third Quarter 2016
DCG is Pleased to Announce Two Recent Office Lease Signings for Local Headquarters
Scott Shanks, SIOR and Dominic Brunetti, CCIM represented Global Logistics Properties (GLP) in the lease of 1,625 square feet at 100 W. Liberty in Downtown Reno for their local offices. GLP is a leading provider of modern logistics facilities in China, Japan, Brazil and the United States. In the Sparks Submarket, Scott Shanks, SIOR, Dominic Brunetti, CCIM and Joel Fountain … [Read more...] about DCG is Pleased to Announce Two Recent Office Lease Signings for Local Headquarters