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.