Thursday, October 28, 2010

Is Reno Next? - Industrial

J. Michael Hoeck, SIOR Industrial Specialist
Posted by: J. Michael Hoeck, SIOR
Industrial Specialist
775 336 4621

Mike began specializing in industrial brokerage with Colliers International in 1999, and in May 2005, joined Alliance Commercial as a Partner and as Vice President of its Industrial Properties Group. In May of 2007 Alliance Commercial became NAI Alliance and Mr. Hoeck became a Senior Vice President.

Our closest competing industrial market is Sacramento California. A recent market reports states that the Sacramento market has turned the quarter and that may bode well for Northern Nevada. Many of the statistics over the hill to the west mirror Reno’s:
· 5 straight quarters of negative net absorption
· High water mark vacancy rates seem to be dragging the bottom but not increasing
· Rents are at levels comparable to the early 1990’s
· Zero new construction underway
· A surge in inquiries
Where we differ is Sacramento’s Industrial Market is experiencing interest from more than 40 prospects for spaces over 40,000sf. Reno is lagging in that category, but it often does and is usually a laggard in terms of recovery. With that said, it looks like the 1st and 2nd Quarters of 2011 could be promising for Reno especially in light of continued concern over the business climate in California. For more information download the latest Q3 2010 Northern Nevada Industrial Report at our website www.naialliance.com/MarketReports.

Wednesday, October 27, 2010

Dominic Brunetti, a Honoree for the Twenty Under 40 Award


Posted by: NAI Alliance Office Group
775 336 4600


The Office Properties Team is proud to announce our team member, Dominic Brunetti is a honoree to receive one of the Twenty Under 40 Awards presented by the Reno Tahoe Young Professionals Organization in partnership with the Reno Gazette Journal. Congratulations Dominic!

Monday, October 25, 2010

Who’s Who in Northern Nevada Hospitality

Beckie Lewis - Hospitality Division
Posted by: Beckie Lewis
Hospitality Specialist

775 336 4647
blewis@naialliance.com

Prior to entering the commercial real estate market, Beckie enjoyed a career in Commercial Lending and Private Equity Lending. Beckie enjoys creative thinking and problem solving which allow her to approach real estate sales in a refreshing manner. Having grown up in the development & hospitality areas in Montana, Beckie was drawn to the Hospitality Specialty with NAI Alliance. She is currently paving the way for this newest specialty at the firm.



Bed & Breakfast (B & B):

Paul Yandre and Jeff Teague, the owners of the Cobb Mansion, 18 South A Street, Virginia City, Nevada are the most gracious of hosts displaying the very essence of hospitality in every detail of their Bed and Breakfast property. The mansion was built in 1876, after the homes that formerly graced the lots were burned down in the great fire of 1875, which destroyed approximately 60% of the gold mining town...read more


Download a copy of the NAI Alliance Northern Nevada Hospitality News for October/November 2010 today.

Monday, October 18, 2010

This Month’s Hospitality Questions, Answers, & Tips

Beckie Lewis - Hospitality Division
Posted by: Beckie Lewis
Hospitality Specialist

775 336 4647
blewis@naialliance.com


Prior to entering the commercial real estate market, Beckie enjoyed a career in Commercial Lending and Private Equity Lending. Beckie enjoys creative thinking and problem solving which allow her to approach real estate sales in a refreshing manner. Having grown up in the development & hospitality areas in Montana, Beckie was drawn to the Hospitality Specialty with NAI Alliance. She is currently paving the way for this newest specialty at the firm.



Q: What is the role of a listing broker?

A: A property owner and a commercial broker agree to work together by entering in to a listing agreement. Per the terms of the agreement the broker agrees to market the property at his/her own expense in exchange for a commission. The broker represents the Seller and the property on the market and is thus termed the "listing broker". The listing broker’s role in the transaction includes but is not limited to protecting the Seller and the property as well as marketing the property effectively so as to procure a sale. The listing broker can most effectively market the property by knowing the property type, the property value, the area, and who the potential buyers would be for that property type.

Selecting a listing broker should be similar to hiring an employee. The Seller should interview prospective listing agents and work with someone that they feel comfortable with and that they believe will get the job done. All brokers are not created equally and specialize in different areas of the market.

If you’re considering selling your property or are interested in knowing more about listing your property; please call Beckie Lewis at 775-336-4647.

If you have a question regarding the hospitality industry, marketing, or hospitality properties, please email blewis@naialliance.com and have your question published in one of our monthly Hospitality Newsletters. Thank you

Download a copy of the NAI Alliance Northern Nevada Hospitality News for October/November 2010 today.

Monday, October 11, 2010

Hospitality Property Series: Bed & Breakfasts

Beckie Lewis - Hospitality Division
Posted by: Beckie Lewis
Hospitality Specialist

775 336 4647
blewis@naialliance.com


Prior to entering the commercial real estate market, Beckie enjoyed a career in Commercial Lending and Private Equity Lending. Beckie enjoys creative thinking and problem solving which allow her to approach real estate sales in a refreshing manner. Having grown up in the development & hospitality areas in Montana, Beckie was drawn to the Hospitality Specialty with NAI Alliance. She is currently paving the way for this newest specialty at the firm.



Bed & Breakfast (B & B):

The North American concept of the Bed & Breakfast dates back to the earliest days of Colonial America prior to the establishment of commercial lodging. Travelers would seek a bed and a meal from kind home owners who would take them in. During the Great Depression, B & B’s emerged as an affordable manner of travel and as an income for home owners of approximately $2.00 per night...read more
Download a copy of the NAI Alliance Northern Nevada Hospitality News for October/November 2010 today.

Thursday, October 7, 2010

Office Properties Group Lease Transactions for September 2010

Posted by: NAI Alliance Office Group
775 336 4600

The Office Properties Group welcomes:
  • ProLogis Management Incorporated - 5190 Neil Road, Suite 550, Reno
  • Nevada Women's Fund - 770 Smithridge Drive, Suite 300, Reno
  • Michael George Davies, D.D.S. - 2261 Pyramid Way, Suite 2, Sparks
  • Keller Williams Group One Sparks, LLC - 5050 Vista Blvd., Suite 104 & 105, Sparks
  • Provident Funding Associates - 1575 Delucchi Lane, Suite 102, Reno
  • Alan S. Bader, D.C., LTD - 390 East Moana Lane, Suite 3, Reno

We're Moving Our Office

Posted by: NAI Alliance Office Group
775 336 4600


We're moving our offices to downtown Reno at the end of 2010 and we're excited. Our new location will be in the Bank of America building located at 50 West Liberty. Stop by and say hello after the New Year.