Ron Boles, CCIM of Fennell and Associates, commercial real estate solutions, of Reno, Nevada successfully completed the sale of multifamily land with a 1,230 sf single family residence in Sparks Nevada. Originally priced at $295,000 the property end up selling at $182,500. The key in this market is for the principals to be flexible to get the transaction done, unfortunately this can be financially painful to the Seller… just two years ago this was turned around it was the Buyer who was in the financial pain… I look forward to a balanced market without the pain.

Harvey Fennell has just listed vacant land at Prototype Court in the South Meadows Business District.  .77 acres with .77 acre feet of water.  Ideal for light industrial or office building.  Contact Harvey at 775.850.3100 for more information.

Fred Miller and Harvey Fennell of Fennell & Associates successfully completed a 16 acre land acquisition between Reno Gateway, LLC and Montreux Development Group.  Reno Gateway, LLC has no immediate plans for development of the 16 acres in Montreux.  Reno Gateway, LLC is a Hunt Valley, Maryland based investor group.