A newly built, 6,400-square foot, 5-bedroom, 5-bathroom custom home in Incline Village with Lake Tahoe views sold about seven months ago for $5.1 million. The two-story boasted hickory floors, granite countertops and fireplace, knotty alder cabinets and doors, vaulted ceilings, a heated driveway, elevator, first-floor master, game room, wine closet and deck and more. The … [Read more...] about Slow & Steady: Nevada’s Luxury Home Market Regains Traction
Reno commercial real estate
Dermody Properties Starts Construction on Las Vegas Industrial Facility
Construction Starts on Warehouse/Distribution Facility in North Las Vegas Submarket Dermody Properties has started construction on LogistiCenter Cheyenne, a 381,804 SF distribution facility on 20 acres in the Interstate 15 corridor of Las Vegas. LogistiCenter Cheyenne is located at 4025 East Cheyenne Avenue, two miles east of Interstate 15. The key West Coast markets of Los … [Read more...] about Dermody Properties Starts Construction on Las Vegas Industrial Facility
Trending in Henderson
From a company town to a city companies want to be in: Henderson has trended towards the feel of a hometown community while evolving to meet the needs of residents and businesses. In the 1930s, Henderson housed builders working on Boulder Dam. During World War II the Basic Magnesium Plant in Henderson processed magnesium. Those workers left after the war, but Henderson … [Read more...] about Trending in Henderson
If You Build It, Will They Come?
Construction Returns to Nevada’s Industrial Market Nevada’s industrial market, which was devastated by the recession, has now recovered to the point where developers have returned to the market with “spec” projects (those built in advance of a contract or buyer). Now that 2014 year-end numbers have been tallied and evaluated, commercial real estate experts agree that the … [Read more...] about If You Build It, Will They Come?
Office Summary: Fourth Quarter 2014
Southern Nevada The Las Vegas office sector reported positive net absorption for three consecutive quarters in 2014. By the end of the year, the office market vacancy rate was 23.6 percent. The latest vacancy rate is up 0.2 percentage points from the prior quarter, but it has declined 0.7 percentage points from a year ago. During the fourth quarter of 2014, One Summerlin … [Read more...] about Office Summary: Fourth Quarter 2014
CCIM Southern Nevada February Luncheon – The Investment Sales Market is Back
CCIM Southern Nevada Presents the February 2015 Luncheon - The Investment Sales Market is Back - Deals and Opportunities for 2015 NEW LOCATION FOR 2015 Palms Casino Resort 4321 W Flamingo Road Addison Exhibit Hall 1st Floor Next to the Sports Book Date Wed, February 25, 2015 11:30 AM - 1:15 PM Commercial Real Estate Panel featuring: Adam Basch with Kite … [Read more...] about CCIM Southern Nevada February Luncheon – The Investment Sales Market is Back
Dickson Realty Awarded Website Quality Certification from Leading Real Estate Companies of the World
Reno, Nev. – Dickson Realty has been awarded the Website Quality Certification (WQC) from Leading Real Estate Companies of the World, a global network of 500-plus real estate firms which presents the certification to member companies that demonstrate best practices in website design and Internet communications. Dickson’s website, dicksonrealty.com, earned the certification … [Read more...] about Dickson Realty Awarded Website Quality Certification from Leading Real Estate Companies of the World
Top Brokers 2015
As Nevada’s commercial real estate market rebounds, the state’s brokers are beginning to see a resurgence of business. The following pages highlight those brokers that performed at the top of their field in 2014. Brokers are listed alphabetically and separated by Northern and Southern Nevada. Broker’s were asked to submit a variety of information concerning their 2014 deals … [Read more...] about Top Brokers 2015
Red Report: February 2015
E Sale, Industrial ADDRESS 3068-3076 Fremont St., 89104 BUYER Caliente NV, LLC SELLER Heitkotter Family LP DETAILS 19,810 SF; $999,000 APN 162-01-701-003 REP (both) Ben Millis and Chris Beets of Newmark Grubb Knight Frank Sale, Industrial ADDRESS 2512 Abels Ln., 89115 BUYER Torrent Holding Inc. SELLER Abels Lane LLC DETAILS 11,000 SF; $650,000 APN … [Read more...] about Red Report: February 2015
Industrial Summary: Fourth Quarter
Southern Nevada The Las Vegas industrial market vacancy rate fell to 8.0 percent in the fourth quarter of 2014. The vacancy rate is down 3.6 percentage points from a year ago. Industrial vacancies have been in the single digits for three consecutive quarters with annual declines reported for 12 consecutive quarters. In addition, the vacancy rate has declined 9.0 percentage … [Read more...] about Industrial Summary: Fourth Quarter
Reno Home Prices Rose Steadily in 2014
More Growth Expected in 2015 ZEPHYR COVE, Nev. – Home prices in Reno-Sparks rose throughout 2014, with million dollar homes claiming a bigger piece of the market and subsequently pushing up the overall sales volume. The median price of home in Reno-Sparks rose 15 percent to $245,000 and the average price rose 12 percent to $290,302. Overall sales volume was up ten percent … [Read more...] about Reno Home Prices Rose Steadily in 2014
Retail Summary: Third Quarter 2014
Southern Nevada In the third quarter of 2014, the Las Vegas retail market reported a vacancy rate of 9.1 percent. The latest period represents a decline of 0.1 percentage point compared to the prior quarter (Q2 2014). Compared to a year ago (Q3 2013), the retail vacancy rate has declined 0.3 percentage points. Anchored retail space has now reported annual declines in vacancy … [Read more...] about Retail Summary: Third Quarter 2014
Red Report: December 2014
E Project, Multi-Family ADDRESS 5625 S. Hollywood Blvd., 89142 DETAILS The Tempo Senior Apartments recently opened. Ovation Development Corporation and Accessible Space, Inc. (ASI) co-developed the 101-unit affordable senior rental development located in Sunrise Manor. The Mediterranean-style residences feature 60 one-bedroom units. The community space includes high … [Read more...] about Red Report: December 2014
Office Summary: Third Quarter 2014
Southern Nevada The Las Vegas office market vacancy rate fell to 24.8 percent in the third quarter of 2014. Compared to the prior quarter, vacancies fell 0.4 percentage points. Meanwhile, the vacancy rate is down 0.7 percentage points compared to a year ago. While the office market vacancy rate remains significantly higher than its industrial and retail counterparts, it has … [Read more...] about Office Summary: Third Quarter 2014
Nevada Real Estate & Development Report: November 2014
N Sale, Office ADDRESS 6624 Sky Pointe Dr., 89131 BUYER WDG 6624 Sky Pointe, LLC SELLER 2010-1 RADC/CADC Venture, LLC DETAILS ; $315,000 APN 125-21-710-014 REP (Both) David Howes of David Howes Commercial Real Estate Lease, Retail ADDRESS 8350 N. Decatur Blvd., 89031 TENANT Spartan Arms and Range Supplies LLC LANDLORD Decatur Horse LLC DETAILS 4,000 SF; $163,200 … [Read more...] about Nevada Real Estate & Development Report: November 2014