NAI Alliance Q1 2013 Retail Market Report Now Available

The Northern Nevada economic climate is showing signs of improvement, perhaps indicating that the retail vacancy rates may have peaked. The current overall vacancy level in Reno/Sparks declined to 17.99% from the previous quarter of 18.52% and 18.60% from the previous year.

The anchor space vacancy is currently at 14.88%. In-Line shops have decreased in vacancy from 23.07% last quarter to 22.62% this quarter. Total net absorption for this quarter was 16,779 square feet. The total gross absorption was 117,700 square feet for this quarter.

Click here to read the entire report.

Asian Paradise Now Open in Damonte Ranch Town Center

Press Release: Retail Group
775 336 4600

Mark Keyzers, Sr. Vice President at NAI Alliance Commercial Real Estate Services, Worldwide, represented the landlord, LN Damonte Ranch Town Center, LLC, in the 2,394 square foot lease to Asian Paradise restaurant. The restaurant, featuring Chinese, Japanese, Korean and Thai cuisine, is located in Suites 810 & 820 in the Damonte Ranch Town Center at 1131 Steamboat Parkway, in South Reno. Adjacent tenants include Starbucks, Vino100, Subway, Lamppost Pizza, High Sierra Cycling & Fitness, Home Depot, Office Depot, RC Willey, CVS Pharmacy, McDonald’s, 7-Eleven, City Nails, Moana Dental Care, Damonte Ranch Animal Hospital, Mountain America Credit Union, and US Bank.

Kelly Bland Negotiates Leases for 99¢ Only Stores in Reno and Sparks

Press Release: Retail Group
775 336 4600

NAI Alliance broker, Kelly Bland, of the retail properties division, negotiated new leases for two (2) 99¢ Only Stores in the Reno/Sparks area. The first is an 18,000 square foot transaction at the McCarran Plaza located at 580 East Prater Way in Sparks. Kelly Bland represented the Landlord and the Tenant in this transaction. In the second 17,306 square foot transaction at 5695 S. Virginia Street in Reno, Kelly Bland represented the Tenant.

NAI Alliance's Kelly Bland Receives NAI Global Leadership Award

Press Release: Retail Group
775 336 4600

PRINCETON, NJ, February 9, 2012 – Kelly Bland, Senior Vice President at NAI Alliance in Reno, Nevada was honored by NAI Global, the world’s premier network of commercial real estate service providers, with its Council Appreciation Award.

The award recognizes Bland’s leadership as chairperson of the NAI Global Retail Council in 2011. NAI councils are working groups of specialists across the NAI network who come together to share experience and develop best practices that result in the highest level of service for clients.

The award was presented in a ceremony on February 8th at the NAI Global 2012 Convention in Las Vegas. Based in Princeton, New Jersey, NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries. NAI professionals complete over $45 billion in transactions annually.

About NAI Global
NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 350 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com. Follow us on Twitter (@NAIGlobal) and Facebook.

Acquisition of NAI Global by C-III Capital Partners

Press Release: NAI Alliance
775 336 4600

NAI Global, the largest network of independent commercial real estate firms worldwide, announced today that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world. Locally based NAI Alliance, is the Northern Nevada representative of NAI Global.

C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.

NAI Global will continue to operate as a separate company under its current management. C-III will accelerate NAI Global’s growth by exploring business development opportunities in strategic locations, including New York, London, Singapore and other primary global business centers. It will also invest in the growth of the corporate solutions and capital markets offering, expanding asset/property management, project/facilities management and valuation services worldwide.

“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Mr. Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”

“We are thrilled to be joining forces with C-III and excited about the opportunity to deliver an even broader range of services to our members and add greater value to our collective corporate and investment clients. We look forward to tapping into their extensive resources and expertise to assist all of our clients in strategically optimizing their commercial real estate assets,” said Jeffrey M. Finn, President and CEO of NAI Global.

Founded in 1977 by Gerald Finn, NAI Global has grown from covering 15 countries in 1999 to offering a full, collaborative platform of services to clients in over 350 offices in 55 countries, with over 300 million square feet of commercial space under management.

C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010. Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses, and expanded its principal investment, loan origination, fund management and primary and special loan servicing businesses, including acquiring the special servicing and CDO management businesses of JER Partners in August 2011.

Financial terms of the NAI Global acquisition were not disclosed.

NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries with more than 350 offices. NAI advisors work in tandem with our global management team to ensure our clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space.

NAI Alliance (www.naialliance.com) is the Northern Nevada representative of NAI Global. NAI Alliance is the largest full service commercial real estate company with years of collective experience in office, industrial, retail, land, multi-family and investment brokerage and commercial property management - more than any other commercial brokerage in the Reno and Northern Nevada area.

Its services include:
Commercial Real Estate (Corporate Solutions)
Building Consultancy & Project and Facilities Management
Planning, Management & Procurement

Mark Keyzers Represented Zai Martial Arts in Lease at SW Galleria

Press Release: Retail Group
775 336 4600

NAI Alliance broker Mark Keyzers of the Retail division represented Zai Martial Arts in the leasing of 2,774 square feet from South West Galleria, corner of Longley Lane and South Virginia Street. Zai Martial Arts, 7520 Longley Lane, Suite 101, was nominated as the best martial arts academy of northern Nevada by RN&R for the third year in a row and offers free trial offers to all prospective students, four years old and up. Call to find out more at 775.824.0400 or visit them online at www.zaixma.com.

Gary Tremaine Negotiates 1,458sf Lease For Rounds Bakery

Press Release: Retail Group
775 336 4600

NAI Alliance broker Gary Tremaine of the Retail division represented Rounds Bakery in the leasing of 1,458 square feet from Sierra Vista. Rounds Bakery will be located at 205 South Sierra Street, Suite 104 in Reno, Nevada.

Gary Tremaine Represented University Village in Under Your Skin Renewal

Press Release: Retail Group
775 336 4600

NAI Alliance broker Gary Tremaine of the Retail division represented the Landlord of University Village in the renewal of 865 square feet to Under Your Skin. University Village is located at the north-east corner of McCarran Boulevard and Clear Acre Lane in Reno, Nevada. Under Your Skin is located at 2900 Clear Acre Lane, Suite B-1.

Gary Tremaine Closes Lease for Paper Daisies

Press Release: Retail Group
775 336 4600

NAI Alliance broker Gary Tremaine of the Retail division represented the tenant, Paper Daisies, in the leasing of 3,597 square feet at Silver State Plaza. Silver State Plaza is located at the south-east corner of McCarran Boulevard and Prater Way in Sparks, Nevada. Paper Daisies will be located at 422 North McCarran Boulevard in Sparks, NV.

Mark Keyzers Now Listing 199 East Moana Lane in Reno NV

Press Release: Retail Group
775 336 4600

NAI Alliance is proud to announce that retail broker Mark Keyzers has obtained a listing agreement to market 199 East Moana Lane in Reno, Nevada. Mark will oversee the sale of the 15,559± square foot mixed use retail/office building. For more information please contact Mark Keyzers of NAI Alliance at 775-336-4600.

Retail Brokers Negotiate New Lease at Virginia Street Plaza

Press Release: Retail Group
775 336 4600

NAI Alliance brokers Mark Keyzers and Gary Tremaine of the Retail division represented the Landlord of Virginia Street Plaza in the leasing of 1,015 square feet to Maxwell’s Barbershop. Virginia Street Plaza is located at 555 South Virginia Street in Reno, Nevada. Maxwell’s Barbershop will be located in Suite 106.

NAI Alliance Announces Q2 2011 Retail Statistics

Press Release: Retail Group
775 336 4600

NAI Alliance Retail Division recently completed their market survey of the Reno Sparks Market for the second quarter of 2011. Excluding regional malls, their findings show total rentable square footage at 13,057,174 and total vacant square feet at 2,321,420. This gives an overall vacancy rate of 17.78%, line shop vacancy of 21.99% and anchor vacancy of 14.82%. Total net absorption for the second quarter was 541 square feet and the total gross absorption was 73,388 square feet.
Kelly Bland, Senior Vice President of NAI Alliance reports, “After a hopeful start at the beginning of the year, the activity in the retail market has subsided a bit halfway through. There are still signs that absorption figures will trend up as the year progresses and tenants like Ross and Wal-Mart open stores that have been under construction. However, with the announcement of the closure of Borders, this will add more vacant square footage onto the market. It’s a great time to be a tenant looking for space in the market. We’re getting new and relocating tenants great deals right now.”

NAI Alliance Announces Damonte Ranch Animal Hospital Opens July 25, 2011

Press Release: Retail Group
775 336 4600

Lewis Retail Centers and NAI Alliance are pleased to welcome our newest addition to the Damonte Ranch Town Center, Damonte Ranch Animal Hospital. The hospital is located at 1091 Steamboat Parkway, Suite 230, adjacent to the CVS pharmacy and McDonald’s. Damonte Ranch Animal Hospital's owner veterinarian, Dr. Shelby Baker is extremely excited to be relocating her practice here. It’s the ideal location for her to continue offering first-class veterinary medicine services to the surrounding Reno / Tahoe residential communities. Dr. Baker, a graduate of Virginia-Maryland Regional College of Veterinary Medicine in June of 2000, is dedicated to offering high quality and complete medical, dental and surgical services for her patients. She has been practicing in Reno for the last 10 years and has special interests in cancer medicine as well as ultrasound. Her brand new veterinary hospital will be a state of the art facility equipped with valuable diagnostic tools including digital X-ray and ultrasound. Dr. Baker's commitment to her clientele is to provide the very best medical care and quality customer service. Dr. Baker can be contacted at 775-852-8522 or DamonteRanchVet@gmail.com.

Damonte Ranch Town Center is located at the corner of Damonte Ranch and Steamboat Parkways in Reno, NV. The popular 539,000 square foot community shopping center is already home to RC Willey, Home Depot, Office Depot, US Bank, CVS/pharmacy, 7-Eleven Convenience Store and Fuel Station, the Truckee Meadow’s only Lamppost Pizza, Starbucks, Subway, McDonald’s, High Sierra Cycling and Fitness and others.

The Damonte Ranch Town Center is one of a long list of successful shopping centers developed by Lewis Retail Centers, a member of the Lewis Group of Companies. Founded in 1955, the Upland California-based Lewis Group of Companies is one of the nation’s largest privately held real estate organizations engaged in the acquisition, ownership, development, and management of residential and commercial real estate throughout California and Nevada. The Lewis Group of Companies has developed more than fourteen million square feet of retail, office, and industrial space, and more than sixty-six thousand homes and apartments.

For more information on Damonte Ranch Town Center or for leasing opportunities, call Mark Keyzers, Kelly Bland, or Gary Tremaine at NAI Alliance, (775) 336-4600.

NAI Alliance Negotiates New Lease in Aspen Glen Shopping Center

Press Release: Retail Group
775 336 4600

NAI Alliance brokers Mark Keyzers and Gary Tremaine of the Retail division represented the Landlord of the Aspen Glen Shopping Center in the leasing of 2,459 square feet to BVM V, LLC. Aspen Glen is located at the northwest corner of Vista Boulevard and Los Altos Parkway in Sparks, Nevada. BVM V, LLC will be located at 5245 Vista Boulevard.

NAI Alliance Retail Group Negotiates New Restaurant Lease in Ironhorse Shopping Center

Press Release: Retail Group
775 336 4600

NAI Alliance brokers Mark Keyzers and Gary Tremaine of the Retail division represented the Landlord of the Ironhorse Shopping Center in the leasing of 3,000 square feet to Angelica’s Restaurant. Ironhorse Shopping Center is located at the south-west corner of McCarran Boulevard and Prater Way in Sparks, Nevada. Angelica’s Restaurant will be located at 683 East Prater Way.

Jackson Hewitt Renews 1,200 SF in Keystone Square

Press Release: Retail Group
775 336 4600

NAI Alliance broker Gary Tremaine of the Retail division represented the Landlord of the Keystone Square in the renewal of 1,200 square feet to Jackson Hewitt. Keystone Square is located at the intersection of Keystone Avenue and Fifth Street in Reno, Nevada. Jackson Hewitt is located at 407 Keystone Avenue.

NAI Alliance Represented Palladio in 3,900 SF to Ancient Grains Restaurant

Press Release: Retail Group
775 336 4600

NAI Alliance broker Mark Keyzers of the Retail division represented the Landlord of the Palladio in the leasing of 3,900 square feet to Ancient Grains Restaurant. The Palladio is located at 50 North Sierra Street in Reno, Nevada. Ancient Grains will be located in Suite 104.

NAI Alliance Represented Longley West Plaza in Audio Express Renewal

Press Release: Retail Group
775 336 4600

NAI Alliance brokers Mark Keyzers and Gary Tremaine of the Retail division represented the Landlord of Longley West Plaza in the renewal of 7,405 square feet to Audio Express. Audio Express is located at 7685-B South Virginia Street in Reno, Nevada.

Damonte Ranch Animal Hospital Coming Soon to DRTC

Press Release: Retail Group
775 336 4600

Lewis Retail Centers, NAI Alliance and Dr. Shelby Baker are proud to announce her new small animal veterinary practice, Damonte Ranch Animal Hospital, coming soon to Damonte Ranch Town Center. With 10 years of experience practicing veterinary medicine in the Reno area, Dr. Baker is very excited to be relocating her practice in the Damonte Ranch Town Center where she can continue to provide first class, complete medical, surgical and dental services to the pets of families in the surrounding Reno / Tahoe communities. The hospital will be located at 1091 Steamboat Parkway, Suite 230.

Damonte Ranch Town Center is located at the corner of Damonte Ranch and Steamboat Parkways in Reno, NV. The popular 539,000 square foot community shopping center is already home to RC Willey, Home Depot, Office Depot, US Bank, CVS/pharmacy, 7-Eleven Convenience Store and Fuel Station, the Truckee Meadow’s only Lamppost Pizza, Starbucks, Subway, McDonald’s, High Sierra Cycling and Fitness and others.

The Damonte Ranch Town Center is one of a long list of successful shopping centers developed by Lewis Retail Centers, a member of the Lewis Group of Companies. Founded in 1955, the Upland California-based Lewis Group of Companies is one of the nation’s largest privately held real estate organizations engaged in the acquisition, ownership, development, and management of residential and commercial real estate throughout California and Nevada. The Lewis Group of Companies has developed more than fourteen million square feet of retail, office, and industrial space, and more than sixty-six thousand homes and apartments.

For more information on Damonte Ranch Town Center or for leasing opportunities, call Mark Keyzers, Kelly Bland, or Gary Tremaine at NAI Alliance, (775) 336-4600.

Marina Marketplace Leases 1,344 SF to Easter Seals

Press Release: Retail Group
775 336 4600

NAI Alliance brokers Mark Keyzers and Gary Tremaine of the Retail division represented the Landlord of Marina Marketplace in the leasing of 1,344 square feet to Easter Seals. Marina Marketplace is located at 1495 East Prater Way in Sparks, Nevada. Easter Seals will be located in Suite 101.