NAI Office Team Secures Two Exclusive Listings

Scott Shanks, SIOR and fellow NAI Alliance Office Property Group partners Dominic Brunetti, CCIM, and Chase Whittemore, MS have secured extensions on exclusive lease listings for two properties. NAI Alliance will be representing the owners in both agreements. 

• 980 Sandhill – a 36,00+ square foot building with just over 10,000 square feet available 
• Sparks Plaza located at 780 Vista – a multi-tenant complex with just over 15,000 square feet available

To read the entire releases, visit the NAI Alliance Press Release page.

NAI Alliance Office Properties Group Recently Closes 3 Transactions

The NAI Alliance Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR and Chase Whittemore, MS have recently closed three new deals.

• California Broadband Cooperative leased nearly 600 square feet of space at 200 S. Virginia. Chase Whittemore, MS, represented the landlord Basin Street Properties. The California Broadband Cooperative’s Digital 395 Middle Mile project proposes to build a new 553-mile, 10 Gbps middle-mile fiber network that would follow U.S. Route 395 between southern and northern California.
• Dominic Brunetti, SVP/Principal, closed the sale of an office building at 401 Flint Street. Mr. Brunetti represented the buyer in the transaction. The property at 401 Flint Street is 3,716 square feet in two buildings.
• And finally, Immunize Nevada leased 1,600 square feet of office space at 427 Ridge Street. In this transaction, Chase Whittemore, MS, represented both the tenant and the landlord.

To read the entire releases, please visit the NAI Alliance Press Release Page.

Argonaut Gold Expands into Bigger Building

Dominic Brunetti, CCIM Closes Lease Transaction at 9600 Prototype Court in Reno, Nevada
 
Argonaut Gold is growing and expanding into a 4,600 square foot building located at 9600 Prototype Court in Reno, Nevada. Previously they occupied a 3,682 square foot building. In this lease transaction the NAI Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR and Chase Whittemore, MS, represented the landlord Liberty Meadows, LLC.

Dan Oster Represents Joule Street Landlord for Sale or Lease

NAI Alliance is proud to announce that Industrial Brokers Dan Oster, Dave Simonsen, J. Michael Hoeck, and Michael Nevis have obtained the exclusive listing agreement for the industrial flex facility located at 4865 Joule Street in Reno. The building is located on Joule Street just off of Rock Blvd. east of the Reno-Tahoe International Airport. The space available is 6,200± sq. ft. with a bonus mezzanine area and is both for sale and for lease. This space is great for a contractor’s office and has great improvements. For more information contact The Industrial Team at NAI Alliance at 775-336-4600.

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.

NAI Alliance Releases Q1 2013 Office Market Report

Driven by California’s outrageous Prop 30, which retroactively raised state income taxes on many individuals in the Golden State, growth in the first quarter of 2013 was more than noticeable. New companies like Rogue Gaming continue to enhance our Downtown economy. Call center and data center activity has remained strong throughout the market. Henry Schein stayed in the market signing a new lease for 75,000 square feet, adding to the proof that Reno is a great small market call center location.

Also new, is San Francisco based Bookkeeper Zoo. The mobile bookkeeping startup opened their national service and data center in South Meadows. This continued level of activity will certainly create more momentum for the Reno Tahoe area as regional companies realize they can take advantage of our competitive taxes, real estate prices, and labor pool.

To read the entire NAI Alliance Q1 2013 Office Market Report, click here.

Broadbent Associates Lease Space at 5450 Louie Lane in Reno - NAI Represents both Tenant and Landlord

Broadbent & Associates Inc. leased 10,083 square feet of office and warehouse space at 5450 Louie Lane, Suite 101 in Reno, Nevada. In this lease transaction NAI Alliance represented both parties. Scott Shanks, SIOR of the NAI Office Properties Group represented the tenant Broadbent & Associates Inc. and, Dave Simonson, SIOR, CCIM of the Industrial Properties team represented the landlord, J & S Erlach Properties 50, LLC.

NAI Alliance Releases Q1 2013 CRE Industrial Market Report

NAI Alliance is pleased to provide our Q1 2013 Industrial Market Report for commercial real estate in Northern Nevada.  We’re heading in the right direction.  A neutral first quarter in 2013 is much more positive than the past 3 years of negative net absorbtion in prior first quarters.

Starting level heading into Q2 means we have no holes to dig out of.  That alone creates optimism for the market.  Rents have not increased on industrial properties, but we do foresee rent increases for specific property types in the near future.  Corporate earnings, housing, business investment and unemployment are all trending in the right direction helping our economy.

Click here to view the entire report.  Also, if you'd like to sign up to receive our market reports, you can click here.

Zurich American Insurance Leases Office Space at 50 West Liberty Street in Reno, NV

Zurich American Insurance leased 2,535 square feet at 50 West Liberty Street, Suite 920 in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM and, Chase Whittemore, MS represented the landlord, Basin Street Properties.

Zurich is relocating to the area. Zurich is a leading multi-line insurance provider with a global network of subsidiaries and offices in over 170 countries.

Chase Whittemore Closes Lease Transaction at 9635 Gateway Drive in Reno

Truckee River Flood Management Authority leased 5,234 square feet of office space at 9635 Gateway Drive, Suite A in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord L J Capital Investments, LLC.

Tenants in the Damonte Ranch Town Center Growing with the Area - by NAI Alliance

(Excerpts of this article were published in the March 25, 2013 edition of Northern Nevada Business Weekly - Mark Keyzers, SVP Principal of NAI Alliance Retail Property Group contributed to the piece)

 The Damonte Ranch Town Center, on the northeast corner of Damonte Ranch Parkway and Steamboat Parkway in Reno, is proud to announce a number of locally owned tenants at the growing retail development. The property is being developed by Lewis Retail Centers, a member of the Lewis Group of Companies, and represented by NAI Alliance of Reno.

A total of six new tenants have opened for business in the development: Mattress Discounters, Mountain America Credit Union, Moana Dental Care, the Damonte Ranch Animal Hospital, Twisted Fork, and Asian Paradise have all recently moved into the development anchored by the Home Depot and RC Willey. Damonte Ranch Town Center features other businesses such as Starbucks, CVS, McDonalds, High Sierra Cycling, Vino 100, and 7-Eleven to name a few.

The development now has over 85% of its completed space occupied, according to Gigi Chisel, Vice President Northern Nevada Development for Lewis Operating Corp. “Despite the challenges of our local economy, we could not be more pleased........"  Click here to read the entire article from NAI Alliance.

Northern Nevada Office Property Market Continues To Improve, Optimism Slowly Rising

Many in northern Nevada are starting to feel that most industries are beginning to experience rebounds. The office property market in the area is experiencing the same. Cautious optimism in the office market is prevailing, and there are a number of reasons this is the case.

With asking rents and interest rates remaining low coupled with the quantities of available space on the market, brokers, investors and developers continue to feel that this will only benefit both new, and existing, tenants in the area.

There are some key areas that are experiencing near “back to normal” market trends. The downtown market is a highly sought after environment, as is the Meadowood area. In both of these hot sub-markets, tenants can be expected to pay in the $2.00/sqft range for high-quality Class A space, which is close to where prices were before the recession in the area.

This is due in large part to the demand for .....  Click here to read the entire release  from NAI Alliance.

Chase Whittemore Closes Lease Transaction at McCarran Mansion in Reno

Brian Kelly, Esq. leased office space at McCarran Mansion located at 401 Court Street in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord McCarran Mansion LLC.

NAI Alliance Office Team Secures Lease for Greater Nevada Mortgage Services

Greater Nevada Mortgage Services leased 3,950 square feet at 10385 Double R
Boulevard in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Scott
Shanks, SIOR, Dominic Brunetti, CCIM and, Chase Whittemore, MS represented the tenant
Greater Nevada Mortgage Services.

Chase Whittemore Closes Lease Transaction at 1005 Terminal Way in Reno

Patrick Campbell leased office space at Executive Plaza Office Company located at 1005 Terminal Way, Suite 257 in Reno, Nevada.  In this lease transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord Executive Plaza Offices Company, LLC.

NAI Alliance Office Represents Landlord in McCarran Mansion Sale, Maintains Exclusive Lease Listing

The NAI Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR, and Chase Whittemore, MS represented the seller 401 Court Street, LLC in the sale of the McCarran Mansion located at 401 Court Street in Reno, Nevada. The McCarran Mansion is 7,000 square feet.

Built in 1913 as the Gibbons Mansion, the home was purchased by Nevada lawyer, judge, and politician Pat McCarran in 1921. His law practice thrived in the days of the “Reno Cure” for troublesome marriages. He served in congress from 1933 to 1954. The property passed through other owners in the years following McCarran’s death in 1954. Now restored, it houses offices for a number of professionals and businesses in the area.

In addition to brokering the sale of the Mansion, the NAI Office Properties Group retained the Exclusive Lease Listing from the new owners, McCarran Mansion, LLC.

Todd Landaburu Joins NAI Alliance as Marketing Director

Press Release:
775 336 4600

NAI Alliance Commercial Real Estate is pleased to announce the recent addition of Todd Landaburu to the company. Mr. Landaburu joins NAI in the new role of Marketing Director that will be based in-house at NAI Alliance headquarters. In this role, his responsibilities include cross-functional marketing collaboration within all of the NAI business segments, develop and execute marketing strategy, oversee the use of the Contact Management System for marketing purposes, work with team members on campaign initiatives, reporting of campaign results, oversee public relations activities, and coordinate consistent marketing activities in emerging technologies to key market segments.

Prior to joining NAI Alliance, Mr. Landaburu amassed over 15 years of marketing experience as a Marketing and Development Manager, playing an integral role in strategy development and collaboration, internal and external information dissemination, content development for key market segments, and the coordination of collateral creation according to strategies set-out by worldwide marketing and sales organizations. Mr. Landaburu has experience in lead life-cycle programs, CRM tools, the incorporation of social media to marketing initiatives, and project management for marketing campaigns.

Michael Nevis & J. Michael Hoeck Secure Lease for Trex

Press Release: Industrial Group
775 336 4600

Trex Company leased a 337,500sf building at 2375 Newlands Rd in Fernley NV. Trex Company is the country's largest manufacturer of wood-alternative decking and railing products, marketed under the brand name Trex®. The company was formed in 1996 through the buyout of a division of Mobil Corporation and went public in 1999. Trex Company is headquartered in Winchester, Virginia, with manufacturing facilities in Fernley, Nevada and Winchester, Virginia. J. Michael Hoeck, SIOR; Michael Nevis, CCIM; Dave Simonsen, CCIM, SIOR; and Dan Oster of the NAI Industrial Properties Team represented the landlord and tenant in this transaction.

Chase Whittemore Closes Lease at 855 Maestro Drive in Reno NV

Press Release: Office Group
775 336 4600

HMS Business Services, Inc. leased 1,056 square feet at 855 Maestro Drive, Suite A in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord Dennis Banks and Art Hinkley, LLC.

Chase Whittemore Closes Lease at 3748 Lakeside Drive in Reno NV

Press Release: Office Group
775 336 4600

Nick Stosic Insurance leased 1,360 square feet at 3748 Lakeside Drive, Suite 100 in Reno, Nevada. In this lease transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord GAB Properties, LLC.

Dave Simonsen, CCIM, SIOR Secures Sale of 1500 Marietta Way

Press Release: Industrial Group
775 336 4600

On Command Dog Training purchased a 20,000sf building at 1500 Marietta Way. The buyer will occupy 10,000sf. Dave Simonsen also facilitated a lease of 10,000sf to The Auto Body Shop within the building prior to closing. Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; Michael Nevis, CCIM; and Dan Oster of the NAI Industrial Properties Team represented the seller in this transaction. The buyer was represented by Fred Jayet with ReMax.

NAI Alliance Office Group Now Listing 825 Maestro Drive in Reno NV

Press Release: Office Group
775 336 4600

Dominic Brunetti, CCIM along with his partners Scott Shanks, SIOR and Chase Whittemore, MS of the Office Properties Group have secured the exclusive lease listing for 825 Maestro Drive in Reno, Nevada. The office space available is 4,312 square feet.

NAI Alliance Office Team Close Sale at 500 Damonte Ranch Parkway, Suite 909 & 929

Press Release: Office Group
775 336 4600

The NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS represented the buyer RVW Holdings, LLC in the purchase of 500 Damonte Ranch Parkway, Suite 909 and 929 in Reno, Nevada. The combined suites equal 6,647 square feet.

SIOR Recognizes NAI Alliance Industrial Team for Significant Transactions

Press Release: Industrial Group
775 336 4600

SIOR released the Northern California Chapter’s 3rd quarter significant transactions which highlights the quarter’s deals. NAI Alliance was highlighted twice for deals completed this quarter. Dave Simonsen CCIM, SIOR and Mike Hoeck, SIOR were recognized for a 160,744 sf industrial lease at 1025 Sandhill Road for Sanofi and a 50,000 sf industrial lease at 12995 Echo Avenue for Numark Industries. Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; Michael Nevis, CCIM; and Dan Oster are NAI Alliance Industrial Properties’ Team.

Dominic Brunetti, CCIM Closes Lease for Beckett, Yott, McCarty & Spann

Press Release: Office Group
775 336 4600

Beckett, Yott, McCarty and Spann leased 3,764 square feet of office space at 555 Double Eagle Court, Suite 1000 in Reno, Nevada. In this transaction the NAI Alliance Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR, and Chase Whittemore, MS represented the tenant Beckett, Yott, McCarty and Spann.

Dominic Brunetti, CCIM Closes Lease at Lakeridge Centre Office Complex

Press Release: Office Group
775 336 4600

Wells Fargo Advisors, LLC leased 13,532 square feet of office space at 6005 Plumas Street in Reno, Nevada. In this transaction the NAI Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR, and Chase Whittemore, MS represented the landlord Lakeridge Centre Office Complex, LP.

Dominic Brunetti, CCIM Closes Lease for Axia Home Loans

Press Release: Office Group
775 336 4600

Axia Home Loans leased 3,265 square feet of office space at 6880 South McCarran Boulevard, Unit 1 in Reno, Nevada. In this transaction the NAI Office Properties Group of Dominic Brunetti, CCIM, Scott Shanks, SIOR, and Chase Whittemore, MS represented the tenant Axia Home Loans.

NAI Alliance Office Team Closes Sale at 6130 Plumas Street

Press Release: Office Group
775 336 4600

The NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS, represented the seller Plumas Street Properties, LLC in the sale of 6130 Plumas Street in Reno, Nevada. The building is 10,222 square feet.

Reno Foreign Trade Zone

Reno Tahoe International Airport is vying for a bid to have direct cargo flights from China, which is the world’s second largest economy.  The test flights will begin in December, one flight a day, 6 days a week.    

Legacy Supply Chain Services, which NAI recently completed a long term lease with, said this about getting Reno’s foot in the door. “Shippers want to see two things – they want to see the best price and they want to see the best service.  You must have one of those, or a combination of the two, if you want to break through and have shippers buy in.” – Russ Romine, Vice President of Global Transportation

Reno Tahoe International Airport Authority who has been trying to get Reno’s foot in the door since 2005 is one step closer to their goal.  Air China designated Reno Tahoe International Airport as its diversion airport if the weather in San Francisco was severe.

Reno also would be advantageous for Air China and other Asian cargo flights because of the savings in fuel.  A flight from Shanghai to Reno appose to flying to Los Angeles would save 1,673 gallons of fuel per flight.  That saving would be compounded annually and would add up fast.  Along with the fuel savings Reno also charges less in cargo fees.   

Reno has the ability to reach the 11 Western states with 1 day ground transportation and the city isn’t nearly as congested as Los Angeles or San Francisco.  With Reno’s growing distribution and logistics capabilities it could become an inland port much like Atlanta Georgia.   

These cargo flights could boost the economy here in Reno and we are all excited to see the results of the test flights starting in December. 

To read the entire article from the Reno Gazette Journal please visit this link -  http://www.rgj.com/article/20121111/BIZ03/311110011/China-cargo-deal-could-boost-Reno-Sparks-economy?nclick_check=1

Dan Oster Secures 415 East 4th Street Listing in Reno, Nevada

Press Release: Industrial Group
775 336 4600

The Industrial Team of Dan Oster; Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; and Michael Nevis, CCIM of NAI Alliance has entered into an agreement with the owner of 415 East 4th Street to sell or lease their 8,000sf industrial flex building. The building is close to downtown Reno and has a small yard. The building is offered at $60.00psf or $0.45psf NNN. For additional information on this property or a requirement you may have contact The Industrial Team at NAI Alliance 775.336.4600.

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.

Dave Simonsen, SIOR, CCIM Receives National Recognition from ProLogis

Press Release: Industrial Group
775 336 4600

During this year’s fall SIOR conference Dave Simonsen, SIOR, CCIM was highlighted as ProLogis’ featured broker. ProLogis honored Dave because of his ability to complete complex transactions and because Dave filled 600,000SF of industrial space for ProLogis in their Northern Nevada portfolio. Travis Durfee of ProLogis said this about Dave, “In complex deals such as this one [global manufacturing company merging three different operations], Dave has always been a pleasure to work with. He is an excellent broker who shares our focus on customers and is extremely dedicated to his clients. It’s no surprise that even in a challenging market, brokers like Dave continue to produce results.” Dave Simonsen, SIOR, CCIM is Senior Vice President of the Industrial Team at NAI Alliance.

NAI Alliance Office Properties Group Announces New Land Listing

Press Release: Office Group
775 336 4600

Chase Whittemore, MS, along with his partners Dominic Brunetti, CCIM and Scott Shanks, SIOR of the Office Properties Group have secured the exclusive land listing for APN 160-070-12 in Reno, Nevada. The land available is located in the Reno Tahoe Tech Center and is 51,846 square feet and/or 1.19 acres.

NAI Alliance Office and Industrial Teams Close Lease at Mill@McCarran

Press Release: Office Group
775 336 4600

F & P Construction leased 2,100 square feet at Mill@McCarran located at 1140 Financial Boulevard, Suite 600 in Reno, Nevada. In this transaction the NAI Office Properties Group and the NAI Industrial Group represented both parties, the seller, Hidden Valley Tech Center, LLC and the tenant, F & P Construction.

Michael Nevis, CCIM Secures Lease at 201 Ireland Drive in McCarran Nevada

Press Release: Industrial Group
775 336 4600

PPG Industries, Inc. has leased 187,200sf of space located at 201 Ireland Drive McCarran, NV. PPG is a global supplier of paints, coatings, optical products, specialty materials, chemicals, glass and fiber glass. Michael Nevis, CCIM; J. Michael Hoeck, SIOR; Dave Simonsen, CCIM, SIOR and Dan Oster of the NAI Industrial Properties Team represented the landlord in this transaction.

Scott Shanks, SIOR Closes Renewal at 2597 Mill Street

Press Release: Office Group
775 336 4600

Bank of America, National Association renewed their lease for 6,360 square feet at The Quincy Mill located at 2597 Mill Street in Reno, Nevada. In this transaction the NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS represented the landlord, The Quincy Mill.

Chase Whittemore, MS Closes Lease at the Executive Plaza Office Building

Press Release: Office Group
775 336 4600

TLC Financial leased 610 square feet at the Executive Plaza Office Building located at 1005 Terminal Way, Suite 140 in Reno, Nevada. In this transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord Executive Plaza Office Company, LLC.

Chase Whittemore, MS Closes Lease Transaction at the McCarran Mansion

Press Release: Office Group
775 336 4600

Paralegal Plus, LLC leased 119 square feet at the McCarran Mansion located at 401 Court Street in Reno, Nevada. In this transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord IH Properties.

Announcing the Investment Services Group at NAI Alliance

Press Release: Investment Group

775 336 4600

NAI Alliance is pleased to announce the formation of their Investment Services Group with the recent teaming of four accomplished commercial real estate executives of diverse and complementary skills. They will become a core component of NAI Alliance, pursuing the area’s growing real estate investment opportunities and carrying forward NAI’s strategy to be the premier commercial real estate company in the Northern Nevada and Lake Tahoe Regions.

Michael Schnabel, Partner at NAI Alliance, will be heading the development of the Investment Services Group. In this role, Mr. Schnabel will represent institutional and private owners and investors in the acquisition and disposition of commercial properties in the greater Northern Nevada region. Mr. Schnabel has an extensive background in development, debt and equity acquisition, investor relations, and property ownership. Prior to joining NAI Alliance, Mr. Schnabel was a Partner and Senior Managing Director at CBRE, where he also owned CBRE’s Reno/Lake Tahoe office. He is a Founding Partner and Managing Member at Development ARTS and was a Founding Partner and Managing Member of Blackfire Real Estate Investors, where he held an interest until early 2012. Early in his career, Mr. Schnabel worked for the Wall Street firms of Merrill Lynch and Kidder Peabody. Mr. Schnabel is also the Chairman of the Board of Schnabel Foundation Company, a national design-build specialty contractor. He is also an active angel investor in Northern California and Northern Nevada with investments representing a diverse portfolio of companies. Mr. Schnabel earned an MBA in Finance and Real Estate from New York University and a BS in Commerce from the University of Virginia.

Ray Tuntland will be specializing in commercial land, development and redevelopment. He will utilize his experience in real estate investment opportunity creation and analysis in addition to client representation and brokerage. Prior to joining NAI Alliance, Mr. Tuntland began his career in Las Vegas, initially brokering industrial land. Ray then teamed with a partner to create Insight Development. Their first project, Insight Aircenter Sunset, was recognized by NAIOP as 1999’s best large-scale mixed-use office/warehouse development in Southern Nevada. Ray went on to found Tuntland Land & Development which developed a variety of commercial projects. To date he has developed nearly 670,000 square feet of industrial, flex-office, medical office and retail product and has been directly involved in the master-development of an additional 67-acres of commercial land. He’s also brokered around $110 million in real estate with an average transaction value of $2.5 million. Mr. Tuntland earned a degree in marketing and an MBA from the University of Nevada, Las Vegas.

Chris Shanks, Investment Associate at NAI Alliance, will be applying his breadth of knowledge in finance to the valuation and analysis of commercial real estate properties. A sixth generation Nevadan, Mr. Shanks has a solid understanding of the current market, pricing, negotiation and transaction process, delivering his clients custom fit solutions for their needs within their time frame. Chris has participated in brokering nearly $60 million in real estate with an average transaction volume of $3.75 million. Additionally, Chris has completed over 400 Broker Price Opinions totaling over $1 billion in commercial real estate valuations. Chris graduated with a Bachelor of Science in Finance and a minor in Economics from the University of Nevada, Reno, where he also achieved the Dean’s list. Chris is in pursuit of his Chartered Financial Analyst (CFA) designation and is currently a Level II candidate. In addition to achieving the Certified Commercial Investment Member (CCIM) designation, Chris is also a member of the National Association of Office and Industrial Properties (NAIOP), the Reno/Sparks Chamber of Commerce and the Young Professionals Network (YPN).

Ashley Young, Team Coordinator and Marketing Specialist at NAI Alliance, assists in coordinating various projects and tasks in relation to the acquisition and disposition of the Investment Services Group assignments. In this role, her duties also include determining marketing strategies for property listings, the production and distribution of property marketing materials, business development collateral, market research and database and transactional management. Prior to joining NAI Alliance, Ms. Young acted as the Marketing Director for Avison Young, where she developed marketing materials for the investment, industrial and retail divisions. With over eight years in the commercial real estate business, Ms. Young has extensive experience in a wide variety of transactions. Ashley is a licensed Real Estate Professional in the State of Nevada.

“In the pursuit to develop the premier Investment Services Group in the greater Northern Nevada area, we are very pleased to expand NAI Alliance to include these outstanding individuals. Combined with their experience and expertise in the investment market they bring an unparalleled commitment to meeting their client’s needs and exceeding their expectations.” Dan Oster, Principal, NAI Alliance.

NAI Alliance Office Properties Group Secures New Listing

Press Release: Office Group
775 336 4600

Dominic Brunetti, CCIM along with his partners Scott Shanks, SIOR and Chase Whittemore, MS of the Office Properties Group have secured the exclusive lease listing for 500 Damonte Ranch Parkway, Suite 657B in Reno, Nevada. The office space available is 2,222 square feet.

800 South Meadows Parkway Office Building 100% Occupied

Press Release: Office Group
775 336 4600

The NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS have fully leased all available office space at 800 South Meadows Parkway in Reno, Nevada. The office building houses 19,032 square feet and tenants include Complete Family Care, Accutech, American Family Insurance, Professional Billing Services, Interdent Inc., Security National Mortgage Company and Summit View Hospice. The landlord is JC Arrow, LLC.

Chase Whittemore Closes Lease at 800 South Meadows Parkway

Press Release: Office Group
775 336 4600

Summit View Hospice, LLC leased 1,861 square feet of office space at 800 South Meadows Parkway, Suite 200 in Reno, Nevada. In this transaction the NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS represented the landlord JC Arrow, LLC.

Chase Whittemore Closes Lease at the McCarran Mansion

Press Release: Office Group
775 336 4600

Evolve Litigation, LLC – Leased 147 square feet at the McCarran Mansion located at 401 Court Street in Reno, Nevada. In this transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented both parties, the landlord IH Properties and, the tenant Evolve Litigation, LLC.

Chase Whittemore Closes Lease at the Executive Plaza Office Building

Press Release: Office Group
775 336 4600

RGIS, LLC – Leased 465 square feet at the Executive Plaza Office Building located at 1005 Terminal Way, Suite 135 in Reno, Nevada. In this transaction the NAI Office Properties Group of Chase Whittemore, MS, Scott Shanks, SIOR and Dominic Brunetti, CCIM represented the landlord Executive Plaza Office Company, LLC.

NAI Alliance Office Team Closes Lease at 50 West Liberty Street

Press Release: Office Group
775 336 4600

HMC Group leased 1,500 square feet at 50 West Liberty Street, Suite 630 in Reno, Nevada. In this transaction the NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS represented the landlord, Basin Street Properties.

NAI Office Team Close Sale Transaction at 500 Damonte Ranch Pkwy, Suite 944

Press Release: Office Group
775 336 4600

The NAI Office Properties Group of Scott Shanks, SIOR, Dominic Brunetti, CCIM, and Chase Whittemore, MS represented the seller, Heritage Bank of Nevada and the buyer, Robert V. Willmes II, Trustee in the sale of 500 Damonte Ranch Parkway, Suite 944 in Reno, Nevada. The building is 4,964 square feet.

Panattoni Buys 263,924 SF Class A Industrial Building in Reno, NV

Press Release: Industrial Group
775 336 4600

Panattoni Development Company has purchased a 263,924sf Class A industrial building located at 1025 Sandhill Drive Reno, NV. The original facility of 160,000 square feet was built for Pfizer in 1999 and expanded in 2006. One tenant has signed a 10 year lease for the original 160,000 square feet of space and there are several tenants looking to lease the remaining 103,924 square feet. The building closed escrow on August 20, 2012, and should be 100% leased in the very near term. Panattoni Development Company is a commercial real estate development company specializing in industrial, office and retail projects. The company has the depth, expertise and capacity to quickly respond to the demands of its clients. Panattoni provides users multi-market solutions completing quality projects on time and within budget. Dave Simonsen, CCIM, SIOR; J. Michael Hoeck, SIOR; Michael Nevis, CCIM; and Dan Oster of the NAI Industrial Properties Team represented the tenant in this transaction which facilitated the sale.

Ray Tuntland Joins Investment Service Group at NAI Alliance

Press Release: Investment Group

775 336 4600

NAI Alliance Commercial Real Estate Services is pleased to announce the recent addition of Ray Tuntland to the Investment Services Group, led by Michael Schnabel. Mr. Tuntland specializes in commercial land investment and development, joining Mr. Schnabel to bolster a key component of the premier NAI Alliance Investment Services Group. His responsibilities include investment opportunity creation/analysis and asset brokerage. He will work with clients in the purchase and sale of land as well as assisting in the development of land. Prior to joining NAI Alliance, Mr. Tuntland spent the last 15-years leading the development of a number of industrial, office, medical and retail projects in Southern Nevada. His experience includes, site and product selection and design, financial projection and management, capital acquisition, project management, leasing and property management. In that time he also represented a variety of clients in buyer/seller and landlord/tenant transactions. This was done as the founder and Managing Partner of two real estate development and brokerage companies. Ray is a licensed Real Estate Broker and Property Manager in the State of Nevada.

Ashley Young Joins NAI Alliance Investment Services Group

Press Release: Investment Group

775 336 4600

NAI Alliance Commercial Real Estate is pleased to announce the recent addition of Ashley Young to the company. Ms. Young joins NAI as the Team Coordinator/Marketing Specialist in the development of the premier NAI Alliance Investment Services Group, spearheaded by Michael Schnabel. In this role, her responsibilities include determining marketing strategies for commercial property listings, the production and distribution of property marketing materials and business development collateral, market research and database and transactional management. Prior to joining NAI Alliance, Ms. Young was the Marketing Director at Avison Young, where she developed marketing materials for the investment, industrial and retail divisions. With over seven years in the commercial real estate business, Ms. Young has extensive experience in a variety of transactions. Ashley is a licensed Real Estate Professional in the State of Nevada.