Aaron Smith with Fennell and Associates has new office space for sale & for lease off Plumb & Arlington. 499 West Plumb Ground Floor is for sale at $775,000 – $265.50 psf.

The Office space is for lease at $3,250/ mo including utilities.

The Building has 450 sf leased & 2455 vacant. The office space parking includes 12 or more spots, available immediately, TI’s are possible, office includes 6 treatment rooms, and a great central location!

Neighbors include The Stone House Cafe, Starbucks, Lodo Loft, and a gaggle of popular stores that inhabit Plumb Gate Plaza.

 Click the Link Below for a Flyer!

 Flyer 499 West Plumb Lane

Great Source of information from EDAWN regarding successful businesses in Reno, Nevada

Greater Reno-Tahoe is the right place for your business, but don’t take our word for it.

Hear from business leaders why they chose Greater Reno-Tahoe

The types of business that EDAWN seeks to recruit, grow, and retain are diverse in their products, services, and employment opportunities. Through innovative and creative partnerships between the public and private sectors, we strive to improve the overall quality of life in the Greater Reno-Tahoe area by facilitating economic growth.Here are some cases of companies that both benefit from and contribute to the vibrant and diverse Greater Reno-Tahoe business community.Click the Link Below for the full Story!http://www.edawn.org/business/case-studies

Great Article From MSN by Bill Dedman. Realistic Economic Forecasts per Metro Area, Positive Signs of Growth, Building Starts on the Rise.

Check out the Link Below!

http://www.msnbc.msn.com/id/31192872/ns/us_news-the_elkhart_project

Did you know that Reno, Nevada is a major distribution hub for the 11 western states? This is all possible through the Transportation Network E/W I-80 N/S US. Below I’ve listed some of the major benefits you reap while having your business stationed in Reno, Nevada.

• Trucking

1. 10 of the 11 western states can be service in 2 days
2. Portland, Sacramento, San Francisco, Los Angeles, Salt Lake City & Boise in 1 day
3. WalMart, K-Mart & JC Penny each have over 1 million Sf distribution centers in the area.

• Foreign Trade Zones

Northern Nevada has nearly 7,500 acres of Foreign Trade Zones. A f Foreign Trade Zone is designated by the US Customs Dept. and allows foreign and domestic merchandise to be admitted for storage,assembly, manufacturing and processing, without being subject to formal Customs entry, the payment of Custom Duties or the payment of federal excise taxes.

• Rail Service

Efficient rail cargo distribution is serviced by Union Pacific Rail Road, Burlington Northern Santa Pacific Rail Road. 

•  Air Cargo

Reno Tahoe International Airport is serviced by UPS, Fed-X;  Airborne Express. In 2008 over 120,000,000 packages were handle by cargo.

• Third Party Logistics (3PL Companies)

Most of the countries major 3PL companies have a presence in Northern Nevada. Some of these companies are Jacobson Logistics, The Arnold Group, OHL formerly known as Ozburn-Hessey Logistics, Schneider Logistics, UPS Logistics,ITS Logistics, Hopkins Distribution,Eagle Global Logistics and Kuehne+Nagel. 

• Distribution Centers (DC)

Some of the recognizable DC’s in the area are Arrow Electronics, Bake & Taylor, Barnes & Noble, Caterpillar Parts, General Motors Parts, Freightliner, Henry Schein, Hobbico, JCP Logistics, KMart, PetsMart, Pfizer, Merck, Sally Beauty, WalMart, & Wyeth.

With all these Business Tax Incentives & prime distribution location here in Reno, Nevada, Reno sounds like an ideal candidate for transferring or starting up a new business!

(Picture)Montreux Golf Course & Mt. Rose Ski Resort, Reno Nevada

Another great business cost comparison for Nevada Vs Arizona from NV Energy, Nevada’s One & Only Economic Development Website.

Click the link below for an in depth comparison of the two states:

Nevada Vs Arizona Business Cost Comparison

Click the link below for NV Energy’s Website

http://www.nvenergy.com/economicdevelopment/taxes.cfm

Which comes first, the chicken, or the egg? The age old question that’s left millions pondering since the beginning of time. Some firmly believe in the egg, others’ loyalty lay with the chicken.  So how do we relate this to Commercial Real Estate? Here we go…

The buzz at the water-cooler lately, is that the Reno & National Markets are turning around. With New home prices at an all time low,  short sales/ REO’s getting snatched up in a New York minute, land available for pennies on the dollar, and smart investors getting the itch to finally make their move, some predict an over-correction in the market, soon!

Staying on this Media backed “positive note” regarding the market rebound… Which industry comes first? Housing? Land? Office/Industrial? Retail?

You would think that because of Nevada’s lack of State Tax, Homestead Law, unlimited number of outdoor activities, and an infinite list of additional benefits & attributes that attract potential employees to Nevada, business owners from California & surrounding states would wise up and make the move to Reno. Wouldn’t businesses make the move into offices, industrial buildings, retail space,  or purchase land to build new space? That business would in turn create new jobs, which equal new employees. New employees then create a need for housing, which creates, once again,  a need for land! This pattern is what some would assume, but history proves differently.

The natural order for the Commercial & Residential markets returning after the infamous ”R word “( of which we do not speak of anymore) is past, is this:

1.Housing  2.Land 3.MF  4.Office/Industrial, 5.Retail  This doesn’t mean that office and industrial will not make any deals in the mean time. Right now much of their business is being generated by people downsizing or moving around for a better deal in the marketplace. There are also those lone investors out there snatching up high cap rate buildings since they are currently cash-flowing assets, as opposed to land. But as far as new faces moving into the market place, historically, this has been the natural order of things. Only time will tell.

So, back to the chicken or the egg deal: Will Residential drive Commercial this time? or will Commercial feed Residential?  I would love to hear your feedback Reno!

Check out the links below from Costar for Reno/Sparks & National 2009 1st Qtr Commercial Market Stats. for Office!

2009 1st Qtr RENO/SPARKS Commercial Office Stats

2009 1st Qtr NATIONAL Commercial Office Stats

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.

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

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.