NV lic S.0166977
One of the most challenging elements of searching for office space involves managing costs, especially those related to building out the office suite, selecting furniture and moving. Most tenants believe that budgeting for these items occurs after a lease is signed. However, creating preliminary budgets as lease terms are negotiated with multiple landlords may prove…
Office tenants are looking for flexibility now more than ever in a post-pandemic world. This past summer, JLL predicted that flexible arrangements could account for 30% of all workspace by 2030. That’s because many companies will likely decentralize larger headquarters and set up hub-and-spoke satellite branches, while small teams and individuals might need access to…
LoopNet Investigates Some Common Misconceptions That May Make Buyers Wary of Bidding (Getty) In real estate, the word “auction” might evoke negative images of a distressed money pit that will end up being more trouble than it’s worth. In truth, however, buying a property through an online commercial real estate (CRE) auction is an increasingly…
The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say.…
As coronavirus (COVID-19) continues to spread, its impact on the economy and commercial real estate industry will be wide-reaching. Here at LoopNet, we’re staying on top of what the pandemic means for owners, tenants, and buyers, and how you can not only respond to the changing real estate landscape, but be proactive to stay one…
If crowded open office floor plans and ping pong tables were on their way out in the past few years, coronavirus is likely to make sure of it. Instead, the pandemic will steer developers and tenants alike to focus on creating a healthier workplace overall, opting for activity-based workspaces, hospital-quality HVAC systems, and fewer people…
Five warehouses in the Reno-Sparks area are under new ownership after a transaction between Tolles Development Company and McKenzie Properties. Tolles Development Company has increased its portfolio by acquiring a combined total of more than 202,700-square-feet in warehouse spaces in Reno-Sparks. Landmark buildings include The Generator, an inclusive artspace known for housing the curation of…
Nevada’s commercial real estate office market is healthy, but not considered robust. Hit hard during the 2008 recession, it’s good to see vacancy rates dropping and rents increasing, but there’s been very little new product built in the last decade, which accounts for at least some of the continuing drop in vacancy rates. “The office…
Northern Nevada By NAI Alliance The overall Northern Nevada economy continues to remain strong through the fourth quarter of 2018. However, there were some small setbacks in the overall and anchor space vacancy rates. The overall vacancy in the Reno/Sparks area increased to 12.33 percent from the previous quarter of 11.90 percent. There was a total…
RENO, Nev. – Carson City based Mission Senior Living on March 18 celebrated the groundbreaking of the new Mountain Lakes Estates Retirement Community in South Reno. According to a March 21 news release, upon completion in spring 2020, the 121,000-square-foot, four-story building will offer 130 apartment homes for active adults 55 and older. The ceremonial…