Wednesday, May 30, 2012

New Property Listing - 980 Sandhill Road in Reno

Posted by: NAI Alliance Office Group
775 336 4600

The Office Properties Group is proud to announce a new property listing located at 980 Sandhill Road in Reno, Nevada.

The building is 36,171 square feet with 10,480 square feet currently available for lease.

For more information on this property or to view all our listings please visit  us at http://naialliance.com/

Thursday, May 24, 2012

New Property Listing at 1200 Financial Boulevard, Reno, NV

Posted by: NAI Alliance Office Group
775 336 4600

The Office Properties Group is proud to announce a new property listing located at 1200 Financial Boulevard in the Capital Commerce Center, Building 1.

This 13,000 square foot building is for Sale or Lease.  There is currently 10,869 square feet available for lease.  The sale price is $80 per square foot and, the lease rate is $1.10 per square foot, full service gross (no load factor or CAM applied). 

For more information on this property or to view all our listings please visit  us at http://naialliance.com/

New Office Property Listing - 1195 Corporate Boulevard, Reno, NV

Posted by: NAI Alliance Office Group
775 336 4600

The Office Properties Group is proud to announce a new property listing located at 1195 Corporate Boulevard in the Capital Commerce Center, Building 3.

This 30,000 square foot building is for Sale or Lease.  There is currently 14,177 square feet available for lease.  The sale price is $80 per square foot and, the lease rate is $1.10 per square foot, full service gross (no load factor or CAM applied). 

For more information on this property or to view all our listings please visit  us at http://naialliance.com/

Monday, May 14, 2012




Posted by: Dan Oster
Industrial Specialist
775 336 4665
 As a member of the Industrial Properties Group, Dan has participated in the sales and leasing of a wide variety of Industrial properties from 1,000 to 700,000 sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed customer service to the clients he represents.




A trend first noted in February of 2010, ever more manufacturing companies are deciding to insource or self perform manufacturing work.  By ending tax breaks to companies that outsource and increasing manufacturing tax deductions, the stage has been set for a revitalized manufacturing sector according to a recent article by the US Treasury Dept.

Apart from creating great middle class jobs, manufacturing accounts for 9% of employment, 12% of GDP, 60% of exports, and 69% of private sector R&D spending. Furthermore, the innovations from such R&D transcend beyond the company and have a multiplier effect within the local communities where the manufacturer is located. As we noted in a recent series of articles on the economic advantages of relocating from California to Nevada, firms are likely to enjoy a much higher degree of profitability with a Nevada address.

Thursday, May 10, 2012

New Property Listing - 9635 Gateway Drive

Posted by: NAI Alliance Office Group
775 336 4600

The Office Properties Group is proud to announce a new property listing in the South Meadows submarket, 9635 Gateway Drive.

Currently there is 5,234 square feet of office space available.  The lease rate is $1.00 per square foot, modified gross. 
For more information on this property or to view all our listings please visit  us at http://naialliance.com/

Wednesday, May 9, 2012


Changing Dynamics for a Medical Practice



Health, Medical, Medical Practice
Posted by: Suzy N. Klass
Associate Office Properties Group

 sklass@naialliance.com

According to Healthcare Finance News, merger and acquisition activity in the healthcare industry keeps increasing and the first quarter of 2012 is no exception. Interestingly, the deals are being made by a broad range of medical participants, not just the very large players. Reasons include the interest rate that the Federal Reserve is keeping low. Hospitals are buying physician practices, while managed care organizations are buying e-Health and IT companies. Mergers and acquisitions impact commercial real estate assets by changing supply and demand. For physicians in our local community who are joining a hospital, they need an exit strategy and of course, their first priority is their patients.  But their medical practice space can also be part of that planning.  And if they currently own, it can provide an additional source of income and estate planning. 




Tuesday, May 8, 2012



Posted by: Dan Oster
Industrial Specialist
775 336 4665
 As a member of the Industrial Properties Group, Dan has participated in the sales and leasing of a wide variety of Industrial properties from 1,000 to 700,000 sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed customer service to the clients he represents.



 
So it's the end of the day. Your drive home is a quick one, so I'll wrap this up quickly.

When we account for transportation savings, real estate savings, tan savings, and employee savings, our hypothetical company is 16% more profitable after moving to Reno. Try adding 16% to the bottom line from the Supply Chain. This move was a game changer.

Your company makes more money, you take home more of the money you make, it costs you less to live here, you can afford a house, and you spend less time in traffic. You're pretty glad you moved your company to Reno- imagine that!

Contact NAI Alliance at 775.336.4600 for all your commercial lease needs.

Monday, May 7, 2012

Testimonial from Infinite Technologies, Inc.


The NAI Industrial Team helped us find a perfect location in Reno, NV.  Our Industrial requirement was very 
specific to allow us to operate a specialized piece of machinery in our manufacturing facility.  Instead of pushing us into a much larger (and more expensive) location to accommodate the machine, they presented us with a number of commercial real estate options in Northern Nevada.  After multiple tours and a number of negotiations, we struck the deal.  They even were able to negotiate an upgrade to Higher Efficiency T-5 Lights on our behalf.  I would recommend the NAI Industrial Team to anyone looking for warehouse space in Northern Nevada.



Posted by: Dan Oster
Industrial Specialist
775 336 4665
 As a member of the Industrial Properties Group, Dan has participated in the sales and leasing of a wide variety of Industrial properties from 1,000 to 700,000 sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed customer service to the clients he represents.




Observation #6-Lower Occupancy Cost

When comparing Manufacture space costs in Reno to LA, according to NAI Global’s 2012 Global Market Report, it’s 49% less expensive for the same facility in Reno as it is in LA.  The same manufacturing spaces are 7.2% vacant down there while 17.9% vacant here in Reno.  So, the cost is half (½) as much, and they are more abundant (on a percentage basis) in Reno.  Bulk Warehouse has a similar cost advantage, and it has even higher vacancy differential.  Qualitative arguments are difficult to support, but on more than one occasion, I’ve had clients tell me, “a Class C building in Reno is considered Class B in LA”.  Clearly, the same space costs less in Reno than LA and is more available – anecdotally, it’s nicer too.

Friday, May 4, 2012



Posted by: Dan Oster
Industrial Specialist
775 336 4665
 As a member of the Industrial Properties Group, Dan has participated in the sales and leasing of a wide variety of Industrial properties from 1,000 to 700,000 sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed customer service to the clients he represents.



This afternoon you've been called into a sales meeting. You have the opportunity to help pitch your company's product to a major new account. The competition is fierce, so the CEO is pulling out all the stops to win the business. The question is a simple one. What can we do better than our competition to help serve this client?

You take a deep breath, clear your throat and raise your hand. "We have a significant transportation advantage over the competition." 

What? The CFO just told me we paid $485 to drey a container from Long Beach to Riverside, now we're paying $760 from Oakland to Reno. How's $275 per container an advantage? With a thousand containers a year that's $275,000!

True, but what we're losing on inbound freight cost is more than offset by our outbound savings in truck load, LTL and especially in small package delivery. In truck load we're saving 8% on our runs to L.A., Atlanta, Chicago and New York over what we used to pay to originate loads from L.A. With over 60 carriers here in Reno, most of them with more business coming into town than going out, our LTL opportunity and cost are lower too. But it's really the small package cost and timing where we are winning. We used to pay FedEx and UPS next day fees by zones. Anything over 200 miles went to a different zone, it always had to go by air to be there next day and the cost was killing us. Now we have OnTrac. They deliver small packages, overnight, by ground to 60 million households in the 7 western states. For 40% of the US population, we're paying ground rates instead of air. Internally, we're winning the transportation cost battle. 

But that's not what will win this account for us.

Inbound may cost more, but WE control the timing. Our customer and our customer's customers control the timing of our outbound orders. We can serve our clients better from Reno, because we can get their orders to them the next day and at a lower cost.

Amazon.com, Barnes and Noble.com, Diapers.com, and many other Internet Fullfillment firms recognized the Reno advantage over a decade ago. In today's hyper competitive world, time is money. Order it on line, have it tomorrow or 30% of your orders get returned because the customer has second thoughts.




Posted by: Dan Oster
Industrial Specialist
775 336 4665
 As a member of the Industrial Properties Group, Dan has participated in the sales and leasing of a wide variety of Industrial properties from 1,000 to 700,000 sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed customer service to the clients he represents.



Observation #4: Lower Cost of Higher Quality Employees

Your calendar just interrupted our riveting analysis of taxation... you've got to conduct a series of job interviews this morning! You're adding a new shift, so you're taking applications for new forklift operators, warehouse supervisors, and a new warehouse manager (you've been promoted to Regional VP for your brilliant recommendation to move distribution to Reno). According to Salary.com, you're pleased with the quality of applicants, and even more excited to find out average wages in Reno are 7% lower for the same positions in L.A. If your annual wage cost is $300,000 at our hypothetical company, you're saving an average of $22,000 per year!

But you're struck less by the cost savings for employees and more by their maturity. One CA to NV convert recently shared the following with me. In CA we could only hire people who still lived at home because they couldn't support a household on what we could pay. In NV, we get a much higher quality worker because they are typically grown up and supporting a family. They work harder and stick around much longer.  
  

Wednesday, May 2, 2012



Posted by: Dan Oster
Industrial Specialist
775 336 4665
 As a member of the Industrial Properties Group, Dan has participated in the sales and leasing of a wide variety of Industrial properties from 1,000 to 700,000 sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed customer service to the clients he represents.



Observation #3: Lower Cost of Living

It's lunch time, and you visit a local eatery. You're a little shocked to see a $40 tab for a table of 4!

The data supports the cost-of-living advantage in NV. Sperling's Best Places makes side-by-side comparisons of over 100 different common expenses in over 100 US cities. Reno workers make 7% less for the same job as they do in L.A., but it cost 27% less to live here. The cost of home ownership is 46% cheaper. We hear it over and over from employees. They moved to Nevada with their company because they could afford to own a home here instead of only renting in CA.

Tuesday, May 1, 2012



Posted by: Dan Oster
Industrial Specialist
775 336 4665
 As a member of the Industrial Properties Group, Dan has participated in the sales and leasing of a wide variety of Industrial properties from 1,000 to 700,000 sqft in Northern Nevada. Dan's primary goal is to provide unsurpassed customer service to the clients he represents.



Observation #2: Lower Taxes

The good news continues because yesterday was payday, and you notice your pay check is different. Same long hours, you're still in Supply Chain, but the number's different. Without a Personal State Income Tax withholding, it's at least 9% bigger! See I know you'd have a good day. If we account for all the State and Local Taxes, as of 2009 Californians had a 10.6% Tax Burden (6th highest in the US) compared to NV's 7.5% (coming in at 49th or Second lowest in the US)- source TaxFoundation.org.

The tax advantages of Nevada are not limited to you. Your CEO will be pleased to eliminate the paperwork he or she doesn't have to do or the check to write be foregoing CA's 8.84% State Corporate Income Tax, Franchise Tax, Up to 10.55% Capital Gains Tax, Unitary Tax, not to mention the myriad other missing county and city fees, taxes and regulations...

NV firms also enjoy significantly lower Payroll Tax, Unemployment Insurance, and Workman's Comp Rates!