E Sale, Retail ADDRESS 1201 – 1240 E. Charleston Blvd., 89104 BUYER Downtown Rental, Inc. SELLER US Bank National Association DETAILS 27,402 SF; $2,250,000 APN 139-34-814-001 REP (BOTH) Wil Chaffee and Paul Chaffee of NAI Vegas Sale, Land ADDRESS 5366 Stephanie St., 89122 BUYER Oxford Investment Partner, LLC SELLER CRV Classic Properties, LP DETAILS 1.66 acres; … [Read more...] about Red Report: January 2016
Reno real estate
NVAR Honors Top Nevada REALTORS, including Kevin Sigstad as REALTOR of the Year
The Nevada Association of REALTORS (NVAR) honored its leading members at an awards event in Las Vegas on Friday, naming longtime industry leader Kevin Sigstad as its 2015 Nevada REALTOR of the Year and recognizing others from around the state for their continued service to their association, their profession and their communities. Sigstad, a longtime Reno REALTOR, served as … [Read more...] about NVAR Honors Top Nevada REALTORS, including Kevin Sigstad as REALTOR of the Year
Dermody Properties and PCCP Begin Construction on 1.6 Million-Square-Foot Industrial Park in Reno
PCCP, LLC and Dermody Properties, a national industrial development and operating company, recently broke ground on LogistiCenter at 395 Phase 2. On December 9, the companies and Nevada Governor Brian Sandoval celebrated the start of construction on the first facility, which is planned for 722,512 square feet with completion anticipated for May 2016. The facility is located at … [Read more...] about Dermody Properties and PCCP Begin Construction on 1.6 Million-Square-Foot Industrial Park in Reno
Industry Focus: Commercial Real Estate
Commercial Real Estate in Nevada is recovering from a tough recession. Brokers agree that the industry has improved, but some markets are clearly bouncing back more quickly than others. Recently, commercial real estate experts met at the Las Vegas Law Offices of Snell & Wilmer to discuss the factors affecting the overall health of the industry in the Silver State. Connie … [Read more...] about Industry Focus: Commercial Real Estate
Office Summary: Third Quarter 2015
Southern Nevada Las Vegas Valley “spec office” vacancy rates during Q3, 2015 declined 0.3 points to 21.3 percent from Q2, 2015. Compared to Q3, 2014, the office vacancy rate is down 0.3 points, from 21.6 percent. Q3’s vacancy rate-decline means that the Valley’s office market has been improving for seven of the last eight quarters. Vacancy rates ranged from 15.2 percent for … [Read more...] about Office Summary: Third Quarter 2015
Dermody Properties Wins Industrial Deal of the Year
Reno, Nev. – A new fulfillment center that Dermody Properties, a national industrial development company headquartered in Reno, Nev., and Hillwood Investment Properties are developing for Wayfair Inc. (NYSE:W) was recently named the Industrial Deal of the Year by NAIOP, the Commercial Real Estate Development Association (NAIOP). The 898,560-square-foot facility, known as … [Read more...] about Dermody Properties Wins Industrial Deal of the Year
Elizabeth Teske of Dermody Properties Recognized as a Woman of Influence by Real Estate Forum Magazine
Reno – The editors of Real Estate Forum Magazine have selected Elizabeth Teske as a Southwest Woman of Influence for her achievements in the industrial real estate industry as a standout performer. Teske is Senior Vice President of Property Management at Dermody Properties, a national industrial real estate developer and operator. She is responsible for overseeing the … [Read more...] about Elizabeth Teske of Dermody Properties Recognized as a Woman of Influence by Real Estate Forum Magazine
Red Report: November 2015
E Sale, Multi-Family ADDRESS 310 – 400 S. 11th St., 89101 BUYER BDR Cascadia SELLER Norma Jakubowski DETAILS 57 units; $45,947 per unit APN 139-34-712-101 SELLER REP Michael LaBar and Michael Shaffner of Avison Young Sale, Multi-Family ADDRESS 1823 Santa Paula Dr., 89104 BUYER 1823 Santa Paula Apartments, LLC SELLER Eagle Property Partners, LLC DETAILS 12 units; … [Read more...] about Red Report: November 2015
NAIOP Strong
By relying on the strong foundation formed by its members, and finding new ways to serve those members, NAIOP Southern Nevada has come out of the economic downturn stronger than ever. The premier association for commercial real estate professionals, NAIOP, the Commercial Real Estate Development Association, offers educational and networking opportunities, and also serves as … [Read more...] about NAIOP Strong
Nevada REALTORS Elect New Officers for 2016, Led by 2016 NVAR President David R. Tina
RENO – The Nevada Association of REALTORS (NVAR) announced its newly elected officers for 2016, led by incoming president and longtime Nevada REALTOR David R. Tina, owner and managing broker of Urban Nest Realty in Las Vegas. NVAR officers were elected by NVAR’s directors during the association’s recent board meeting in Reno. In addition to Tina, 2016 officers include: · … [Read more...] about Nevada REALTORS Elect New Officers for 2016, Led by 2016 NVAR President David R. Tina
NVAR Honors Kevin Sigstad as its REALTOR of the Year for 2015
RENO – The Nevada Association of REALTORS (NVAR) named longtime Reno REALTOR Kevin Sigstad as its 2015 Nevada REALTOR of the Year for his continued service to the statewide association, the real estate profession and his community. National Association of REALTORS (NAR) First Vice President Elizabeth Mendenhall presented the award to Sigstad while attending NVAR’s recent … [Read more...] about NVAR Honors Kevin Sigstad as its REALTOR of the Year for 2015
Dermody Properties Leases 148,635 SF in Las Vegas
Dermody Properties, a national industrial development and operating company headquartered in Reno, Nev., recently leased nearly half of its latest Las Vegas industrial development project to Southern Enterprises, one of the nation’s leading home furnishing designers and manufacturers. The company anticipates fulfilling 25 percent of its direct-to-consumer orders from the … [Read more...] about Dermody Properties Leases 148,635 SF in Las Vegas
GLVAR Elects New Officers, Board for 2016
LAS VEGAS – The Greater Las Vegas Association of REALTORS (GLVAR) has announced the results of its annual election of officers and board members, with local REALTORS Scott Beaudry serving as 2016 president and David J. Tina serving as 2016 president-elect. GLVAR members voted from Aug. 13 through Aug. 27, electing the following officers and directors to lead Southern … [Read more...] about GLVAR Elects New Officers, Board for 2016
Dermody Properties Promotes Elizabeth Teske to Senior Vice President of Property Management
Reno, Nev. – Dermody Properties recently announced the promotion of Elizabeth Teske to senior vice president of property management. Teske is responsible for overseeing the company’s direct and indirect property management activities across the United States. As senior vice president she leads the company’s team of property management professionals, and develops initiatives … [Read more...] about Dermody Properties Promotes Elizabeth Teske to Senior Vice President of Property Management
Red Report: August 2015
E Sale, Retail ADDRESS 4741 E. Charleston Blvd., 89104 BUYER H&J Goldman Properties, LLC SELLER 4741 Charleston Acquisition, LLC DETAILS 4,600 SF; $662,644 APN 161-05-510-007 BUYER’S REP Neil Dela Cruz and Hillary Steinberg of MDL Group SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank Lease, Industrial ADDRESS 2542 Abels Ln., 89115 TENANT … [Read more...] about Red Report: August 2015