When the American Dream of home ownership took a nose dive due to the recession, many people discovered that it’s increasingly hip to rent. Subsequently in the past few years, the multi-family real estate market has enjoyed a record-setting uptick as demand has exceeded supply in Nevada as well as all over the country. “Things are very positive. This market had been one of the … [Read more...] about Emerging Demands: Multi-Family Real Estate
Reno real estate
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
Retail Summary: Fourth Quarter 2015
Southern Nevada The Las Vegas Valley anchored retail vacancy rate rose slightly from 10.2 in Q3. 2015 to 10.3 percent in Q4, 2015. At the end of Q4, vacancy rates ranged from 7.5 percent in power centers to 11.2 percent in neighborhood centers. With the retail market just above the 10 percent stabilized rate and taxable retail sales at all-time highs, the Valley’s anchored … [Read more...] about Retail Summary: Fourth Quarter 2015
NVAR CEO Teresa McKee Earns Certified Executive Designation from NAR
RENO – Teresa McKee, CEO of the Nevada Association of REALTORS (NVAR), recently earned the REALTOR association Certified Executive designation from the National Association of REALTORS (NAR). According to NAR, the RCE designation recognizes exceptional efforts made by REALTOR association executives nationwide. McKee is now one of more than 435 association executives … [Read more...] about NVAR CEO Teresa McKee Earns Certified Executive Designation from NAR
S3 Development and Dickson Commercial Group Bring First Mix Use Development to Midtown
Construction is Underway Reno – S3 Development Company, LLC, a leading edge residential and commercial development company, and Dickson Commercial Group, a locally owned and operated, full-service commercial real estate brokerage firm, are bringing the first mixed use development project to Midtown District of Reno. 1401 Midtown is the name of the commercial part of the … [Read more...] about S3 Development and Dickson Commercial Group Bring First Mix Use Development to Midtown
Nevada REALTORS Return From Big MIPIM Trade Show in France with Lessons Learned
LAS VEGAS – Fresh from a trip to France where they sold the Silver State to attendees of the world’s top global real estate event, six of Nevada’s leading REALTORS came home with more than just French food, fond memories and fun photos. They all returned from MIPIM, the world’s leading property market held March 15-18 in Cannes, France, with lessons learned. “I know that our … [Read more...] about Nevada REALTORS Return From Big MIPIM Trade Show in France with Lessons Learned
Kevin Annis, SIOR, CCIM Achieves SIOR Designation from Society of Industrial and Office REALTORS
RENO – Kevin Annis, SIOR, CCIM of ArchCrest Commercial Partners has achieved the SIOR office designation awarded by the Society of Industrial and Office REALTORS. SIOR is a Washington, DC-based international professional organization of more than 3,000 commercial real estate professionals, 2,800 of whom have earned the coveted SIOR designation. To achieve the SIOR … [Read more...] about Kevin Annis, SIOR, CCIM Achieves SIOR Designation from Society of Industrial and Office REALTORS
RSAR Releases February 2016 Existing Home Sales Report
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its February 2016 report on 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 (foreclosure) properties. During February … [Read more...] about RSAR Releases February 2016 Existing Home Sales Report
Keep on the Sunny Side: Power Poll 2016
Optimism is in the air as 2016 ramps up and that positivity is making its way through Nevada’s business community as executives and business owners continue to see improvements. The year started with some big announcements for economic diversification in the state, including projects moving into Southern Nevada’s Apex and continued optimism in the north with new businesses … [Read more...] about Keep on the Sunny Side: Power Poll 2016
Commercial Real Estate in Nevada: Then and Now
Thirty years ago, the Las Vegas Strip was a different Strip than today. Technology companies had yet to discover Nevada. Cell phones were rare. Businesses relied on PBX rooms for their telecommunications and if one part of the system failed, the others continued because everything didn’t depend on an IP framework to run all systems together. Thirty years ago, industrial … [Read more...] about Commercial Real Estate in Nevada: Then and Now
Office Summary: Fourth Quarter 2015
Southern Nevada The Las Vegas Valley spec office vacancy rate in Q4, 2015 declined 0.1 points to 18.4 percent from Q3, 2015. Compared to Q4, 2014, the office vacancy rate is down 0.5 points, from 18.9 percent. Q4’s vacancy rate drop means that the Valley’s office market has improved for four straight quarters. Vacancy rates ranged from 13.3 percent for Class C space to 27.1 … [Read more...] about Office Summary: Fourth Quarter 2015
Dickson Commercial Group Leases Retail Space at Coliseum Meadows
Reno – Dickson Commercial Group announces the recent lease signing for retail space at the Coliseum Meadows shopping center. The tenant, TID Systems, LLC, will occupy a 900 sq. ft., space in the shopping center. TID Systems is an information technology company that specializes in security systems, IT consulting, hardware and software, network maintenance and web … [Read more...] about Dickson Commercial Group Leases Retail Space at Coliseum Meadows
First Independent Bank Funds Downtown Reno Upscale Apartment Project
Reno - One of downtown Reno’s longest vacant buildings is being transformed into an upscale apartment building, bringing new life and modern living options to the downtown Reno area. The redevelopment project is a partnership between Basin Street Properties and Bentar Development, which received funding to complete the project from First Independent Bank, a division of … [Read more...] about First Independent Bank Funds Downtown Reno Upscale Apartment Project
Dermody Properties Hires New Assistant Development Manager in West Region Office
Dermody Properties, a national industrial real estate developer headquartered in Reno, Nev., has hired Shelagh Danna as the company’s Assistant Development Manager in the West Region office in Reno, Nev. Danna is responsible for project management across the development and acquisition process. She works with the company’s West Region team on the development and management … [Read more...] about Dermody Properties Hires New Assistant Development Manager in West Region Office
Retail Market: Nevada’s Retail Shows Slow, Steady Improvement
The retail component of Nevada’s commercial real estate industry continues to recover, with vacancy rates slowly dropping. Southern Nevada In the Silver State’s southern region, the retail sector shows “moderate recovery,” said John Restrepo, principal of RCG Economics, a Las Vegas-based firm providing market trend analysis and economic research. Lower gas prices have left … [Read more...] about Retail Market: Nevada’s Retail Shows Slow, Steady Improvement