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
Reno real estate
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
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
Park Place Infiniti Sponsors Smiles for Survivors; Governor Approves Solar Tax Incentives
Park Place Infiniti Sponsors Smiles for Survivors Park Place Infiniti is sponsoring the fourth annual Blow Out Breast Cancer event, presented by the Smiles for Survivors foundation and Square Colour Salon and Spa. [Read More...] Governor’s Office of Energy Approves Solar Tax Incentives Highlighting its commitment to renewable energy in Nevada, the Governor’s Office of Energy … [Read more...] about Park Place Infiniti Sponsors Smiles for Survivors; Governor Approves Solar Tax Incentives
Managing Nevada: Commercial Property Management in the Silver State
As the nation’s recession continues to drift further into the distance, the commercial real estate market is enjoying a healthy rebound. This means more commercial property owners are on the hunt for experienced property management companies to protect their investments. During the height of the economic downturn, Nevada’s real estate industry was on the receiving end of … [Read more...] about Managing Nevada: Commercial Property Management in the Silver State
NAIOP Works for Southern Nevada’s Commercial Real Estate Industry
As an organization, it’s clear that NAIOP works. The commercial real estate development association serves as the premier trade organization for commercial real estate development professionals in Southern Nevada. Membership includes brokers and developers as well as general contractors, bankers, architects, engineers, title companies and attorneys. In large part, it’s the … [Read more...] about NAIOP Works for Southern Nevada’s Commercial Real Estate Industry
Retail Summary: Second Quarter 2014
Southern Nevada The Las Vegas retail vacancy rate reported a slight increase in the second quarter of 2014. The rate rose 0.1 percentage point compared to the prior period (Q1 2014) to 9.1 percent. However, compared to a year ago, the retail vacancy rate remains down 0.7 percentage points. Since the high of 11.1 percent reached in the third quarter of 2010, vacancies have … [Read more...] about Retail Summary: Second Quarter 2014
Nevada Land Market Continues to Recover
Demand for land in Nevada has resembled a rollercoaster pattern this decade. During the real estate boom in the first half of the 2000s, both residential and commercial developers hungrily purchased land, driving up prices. With the recession, the opposite happened; development nearly ceased, land demand decreased and so did the price. Again, the pendulum has begun to swing … [Read more...] about Nevada Land Market Continues to Recover
Office Summary: Second Quarter 2014
Southern Nevada The Las Vegas office vacancy rate declined in the second quarter of 2014 after increasing in the first quarter of the year. During the latest period, the sector reported a vacancy rate of 25.2 percent, which is down 0.4 percentage points from the prior quarter. Compared to a year ago, vacancies have fallen 0.5 percentage points. The office market vacancy rate … [Read more...] about Office Summary: Second Quarter 2014
Nevada’s Residential Market: A Season of Change
For the last two years, Nevada’s residential housing market has seen substantial rebound, with significant effect on prices. Lowered median home prices have created low inventory and a seller’s market, which in turn impacted distressed properties and neighborhoods. “People are a lot smarter today, having learned from mistakes that occurred in the market; buyers are much … [Read more...] about Nevada’s Residential Market: A Season of Change
Industrial Summary: Second Quarter 2014
Southern Nevada The Las Vegas industrial market vacancy rate stood at 10.9 percent by the end of the second quarter of 2014. The latest period represents a decline of 0.9 percentage points when compared to the prior quarter. Compared to a year ago (Q2 2013), industrial vacancies in the Valley have fallen an even more substantial 3.4 percentage points. The vacancy rate is now … [Read more...] about Industrial Summary: Second Quarter 2014