Did you know??

Fred Miller & Tom Young of Fennell & Assocaites Commercial Real Estate Solutions represented Ryan Gold & Justin Owen in the lease of a vacant office building at 150 N. Arlington Ave. After a considerable investment was spent on TI’s, Ryan & Justin created the infamous Imperial Lounge!

When Ryan Gold and Justin Owen set out to create the Imperial Bar and Lounge in March of 2007, they wanted to create a casual atmosphere downtown, separate from the tourist scene.They succeeded! The Imperial Lounge attracts a college and business professional demographics. Imperial’s happy hours last from 5 to 7 p.m., resuming from 10 p.m. to midnight. Fred Miller and Tom Young have sold Ryan & Justin several other properties in the Reno area on West and East 4th Street contributing to the success and boom of Commercial Retail Leasing & Sales in Downtown Reno. 

In addition to the Imperial Bar & Lounge, Ryan & Justin have opened The Lincoln Lounge, located at the location of the old Reno Jazz Club, right across the street from Louis’ Basque Corner. The first thing you’ll notice about LL is the stark, black exterior…  No external signage, and no real way of knowing the place is there. This is intentional, as they’re going for kind of a speak-easy feel.

Once you walk in the door, the atmosphere is .In keeping with the speak-easy feel. There’s two main seating areas, with antique furniture.  There’s old school high backs, with lots of scrolled wood work, velvet couches, and the entire theme is based upon Abraham Lincoln.  The walls, decorated with pictures of our late president Abraham Lincoln,have this foil wall paper with a velvet like material in fleur-de-lis patterns – it would be gaudy in most places, but it works for this place.  The molding and the bar front have been  recycled and refinished from a previous bar. There’s a second room with shuffleboard, and some more traditional seating. The patio is now open for summer! The Lincoln Lounge is an eclectic mix of the roaring 20′s meets Disneyland Haunted House.

Check out the link below for more information!

http://www.imperialbarandlounge.com

Steve K. Jones

Areas of focus:Retail

Office Phone: 775.321.3331
Cell Phone: 702.332.3424
Fax: 775.850.7010
sjones@fennellcre.com

Professional Background: As a professional geologist, Steve Jones has worked throughout the Americas from Alaska to Argentina, but feels that the Reno area offers one of the best environments in the western hemisphere to live and work. Having grown up in Ely, in Eastern Nevada, and attending UNR in the 1970’s, Steve is also very familiar with Northern Nevada, it’s people, and business opportunities.

Having Worked for 31 years in the mining industry has enabled Steve to gain a strong grasp of the issues facing new and established businesses in Northern Nevada. Working for many years in Argentina  & Europe gives him an international perspective as well, that can be beneficial to prospective clients relocating to the Reno area.

   Aside from the tax advantages we reap as business owners in Nevada, a long train of additional benefits have surfaced recently and deemed the Silver State as one of the most preferable locations to operate a successful business. Cali residents are a bit jealous, I think. Many think it’s only going to get worse for Californians &  frequent border crossing is in Reno’s immediate future.  What does this do for the Commercial Real Estate Industry? Nothing but generate heaps of business. I feel proud to be a Nevadan working in the Commercial Real Estate Industry right now. As a former native of San Diego California, I’m glad I moved up here when I did, 7 years ago. Just in time to miss out on California’s Giant Debt Attack.  Check out the article below!

http://www.rgj.com/article/20090425/BIZ05/904250324/1071/BIZ

An interesting idea for interesting economic times…  The town of Berkshire, Massachusetts decided in the Fall of 2006 to start printing their own form of currency. Berkshire Inc., a local non-profit organization, teamed up with local businesses, banks, and other non-profits to launch Berkshares. This genius idea has created a sense of empowerment for the community & possible economic independence for  local businesses and merchants. Is it an option for Reno?

We could call it “RenoBucks” , where the Buck stops here! Any thoughts?
Check out the links below for more information in the BerkShare!

http://www.berkshares.org/ 

http://www.msnbc.msn.com/id/3032619/#30421140

A good community, as we know, insures itself by trust,
by good faith and good will, by mutual help,
A good community, in other words, is a good local economy.

-Wendell Berry, from “Work of Local Culture”

-dubbed a “great economic experiment” by the New York Times

      Congratulations to Fenell & Associates’ Cathy Shanks for winning “Rookie of the Year” at the 4th Annual Summit Awards this Saturday the 25th in Reno, Nevada. The theme was 1930′s flapper & gangster style (think Bonnie ; Clyde & Dick Tracy). Shanks award criteria was based upon gross commissions and number of deals in 2008. The ”Rookie” status also means Broker of only 12 months! Great Job Cathy! Keep up the hard work!  The Summit Awards, held at the Silver Legacy’s Grand Exposition Hall,  celebrated Developers, Brokers, Property Managers, and all other facets of Commercial Real Estate.

Jodi Judson

Areas of focus:New Home Sales & Marketing
Direct: 775.850.3100
Fax Line: 775-850-7010
jjudson@fennellcre.com

Professional Background: Jodi was born and raised in San Diego, California and relocated to Reno, Nevada in 2002. Since moving to Reno, Jodi has acquired eight years experience working in different facets of the New Home Construction Industry, including Construction AP, Administrative Management, Sales, Ecommerce, and Marketing. After obtaining her Real Estate License in December of 2006, Jodi joined on with Dickson Realty as a New Home Sales Agent & worked for a local Builder, Silverstar Communities. Jodi’s hobbies include snowboarding, wake boarding, hiking, running, and swimming. Her energies and passions are committed to provide the highest level of professionalism and integrity in marketing & generating new business for Fennell & Associates.

Area of expertise include: New Home Sales & Marketing with an emphasis on Internet Sales & Operations.

Aaron Smith, one of our Commercial real estate agents at Fennell & Associates Commercial Real Estate Solutions, & Jen McDonald a residential agent with Dickson Realty have a NEW LISTING,  the Gold Hill Historic Hotel is listed for sale at $2.25 mill. It is the oldest operating lodge in Nevada, with origins dating back to 1862, although, the GH has gone through many additions & remodels throughout the yearsThis lodge is a 14-room, three story, fully operating hotel, with 4 additional  cottages, a restaurant, bar, great room, gift shop, a gazebo, large rock fireplace, fantastic views, & outdoor reception area that can accommodate up to 125 people (Great for Weddings & Large Parties). One interesting tidbit about the Gold Hill Hotel is the rooms are themed in country western & old american decor. This enthralling new lising for Fennell and Associates Commerical Real Estate Solutions offers a unique investment opportunity as well as the chance to revive a piece of Historic Nevada. And, the reason why the owners are selling?? “They’re not getting any younger” said Smith. The Gold Hill is nestled on the steep slopes of the Comstock, just south of Virginia City.  For more information on the Gold Hill Hotel call Aaron Smith at 775.850.3110 & click on the link below!

www.goldhillhotel.net

Gold Hill Flyer

Robert Pyne, CSA leased office space at 5595 Kietzke Ln., suite 101, in MountainView Corporate Centre, a high end Class A office development just south of Neil and Kietzke round-a-bout. Aaron Smith, Harvey Fennell, and Fred Miller, with Fennell & Associates Commercial Real Estate Solutions, were the leasing agents.

The Mountain View Corporate Center located in Reno, NV offers many options to eager tenants. The building itself is a low-rise Class A building with upscale finishes and built-out office suites. Right now Aaron Smith at Fennell and Associates is currently leasing these desirable office suites with a “Six Months Free Rent”  incentive in a 3 year Lease. This building is in a very desirable location, centrally located in the heart of Reno, and close to downtown and US 395. Check out the links below for more information on Mountain View Corporate Center or Call Aaron Smith 775.850.3110 for more information.

• www.RenoOfficeSpace.org   
• http://view.digipage.net/?id=mountainview_center  
• www.seetheproperty.com/41103

 Reno, Nevada land owner gets creative during the real estate slow-down… The investors, lead by Nello Gonfiantini, own a vacant riverfront parcel across the street from the new Triple A baseball park in downtown Reno. Nello, fenced off the site and set up a parking lot for baseball fans. He invited a local caterer to serve BBQ’d goodies, men wielding fire, a local bar to serve beer, and had a live band playing for the opening day at the Reno Aces Ballpark. Nello wasn’t the only land owner with this creative idea. Many of the Builders in town that have vacant lots downtown joined in on the parking lot fun as well. With all the new Commercial Real Estate activity surrounding the Reno Aces Ballpark going on in Downtown Reno, parking has become an issue lately. While city planners are hard at work on this issue, downtown land owners took immediate action. It was a victorious opening day for the Reno Aces and an exciting plethora of AstroTurf & Aces tailgaters inhabiting the streets of downtown Reno. Nello’s vacant parcel is one of the few remaining on the river and is ready for development!

     There is at least one happy office landlord in South Meadows. The office building at 9450 Double R is now 100% leased.  Ron Boles, CCIM with Fennell and Associates has represented the landlord over the past several years and recently leased the last vacant space of 2,810 square feet to Cyanco Holding Corp., a mining supply compan.
      A couple of years ago the major tenant in the building had decided to not to renew their lease and reduce their overhead by moving to different building with a smaller space and less rent. With the assistance of Ron Boles the landlord was able to keep the tenant for an additional 5 years by reducing the rent and the amount of space the tenant occupied. Given the raising vacancy rates and lowering rental rates in the office market this turned out to be a very smart move for the landlord.