Twenty-three buildings totalling 230 units were destroyed by the fire started by an arsonist on July 30th. The re-building of this apartment complex, located in South Reno, is a blessing to many subcontractors and tradesmen. This project could employ as many as 200 tradesmen through the winter!
Click here for more information and the full article by Northern Nevada Business Weekly.
Fennell & Associates has a NEW LISTING For Sale, a Commercial Retail Investment Opportunity – 100% Leased – The address is 3555 South Carson St. Carson City, Nv 89701
Price $1,350,000
Contact Harvey Fennell or Todd Collins for more information!
(775) 850 – 3100
Great Commercial Industrial Market Overview by Costar for Reno/Sparks 1st Qtr 2009. Interesting how Reno/Sparks matches up to the National Industrial Market.
Check out the links below:
Reno/Sparks 1st Qtr 2009 Costar Industrial Market Overview
National 1st Qtr 2009 Costar Induatrial Market Overview
Stay tuned for Office & Retail Market Stats.
Will be posted in future blogs!
Robert Pyne, CSA leased office space at 5595 Kietzke Ln., suite 101, in MountainView Corporate Centre, a high end Class A office development just south of Neil and Kietzke round-a-bout. Aaron Smith, Harvey Fennell, and Fred Miller, with Fennell & Associates Commercial Real Estate Solutions, were the leasing agents.
The Mountain View Corporate Center located in Reno, NV offers many options to eager tenants. The building itself is a low-rise Class A building with upscale finishes and built-out office suites. Right now Aaron Smith at Fennell and Associates is currently leasing these desirable office suites with a “Six Months Free Rent” incentive in a 3 year Lease. This building is in a very desirable location, centrally located in the heart of Reno, and close to downtown and US 395. Check out the links below for more information on Mountain View Corporate Center or Call Aaron Smith 775.850.3110 for more information.
Ron Boles of Fennell & Associates, commercial real estate solutions in Reno, Nevada has represented Baring Village LLC in the purchase of 720 Baring Village, a 16,000 square foot shopping center for $2,650,000. The transaction structured by Ron included a 1031 trade of a 50% interest in an office building with a lease back as a down payment. The financing by Bank of America included tenant improvements for vacant space in the center that the new owner will be using.
Aaron Smith of Fennell & Associates, Commercial Real Estate Solutions, in Reno, Nevada has just become a member of EDAWN. EDAWN is the Economic Development Authority of Western Nevada. Check out their website at www.edawn.org.
Ron Boles, CCIM of Fennell and Associates, commercial real estate solutions, of Reno, Nevada successfully completed the sale of multifamily land with a 1,230 sf single family residence in Sparks Nevada. Originally priced at $295,000 the property end up selling at $182,500. The key in this market is for the principals to be flexible to get the transaction done, unfortunately this can be financially painful to the Seller… just two years ago this was turned around it was the Buyer who was in the financial pain… I look forward to a balanced market without the pain.
Aaron Smith with Fennell & Associates, Commercial Real Estate Solutions, has recently become a member of the University of Nevada, Reno Alumni Association.
Fred Miller, SIOR and Cathy Shanks, CPM of Fennell & Associates, Commercial Real Estate Solutions of Reno, Nevada successfully completed at 13,463 square foot industrial lease in Sparks, Nevada. Fennell & Associates represented The Quincy Mill in the lease transaction. The tenant is an environmental company and signed a five year lease.
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Dickson CommercialP 775.850.3100F 775.850.7010info@dicksoncre.com
