DCG Multifamily; Trevor Richardson and Chris Moton represented the seller in the exchange of CasaBella Townhomes in Downtown Reno. JT Orchard LLC purchased the 16-townhomes, totaling 18,608 square feet for $8.5M. CasaBella is a symmetrical property with two rows of 8-townhomes, the units alternate from a 1,016 square foot one bedroom unit to a 1,310...
Reno-based Commercial Real Estate firm DCG recently announced the sale of the South Meadows Promenade Shopping Center, which was purchased by an investor in a 1031-exchange for $34M on December 15th, 2021. The center was 100% occupied at close of escrow and had an in-place cap rate of 5.00%. Tom Fennell, CCIM and Principal with...
DCG’s office team; Dominic Brunetti, CCIM, Scott Shanks, SIOR, and Patrick Riggs represented the landlord while the investment team; Chris Shanks, CCIM and Matt DeRicco represented the tenant in leasing Suite 320 at 200 South Virginia St. Basin Street Properties, owner and manager of 200 South Virginia Street are pleased to welcome their newest tenant,...
DCG’s office team; Dominic Brunetti, CCIM and Scott Shanks, SIOR, along with the investment team; Chris Shanks, CCIM and Matt DeRicco represented the seller of the single-tenant medical office at 3725 Lakeside Drive. Multiple offers were received with a final sale price of $2.5MM, about $250,000 over the initial asking price. Built in 2005, this...
DCG is pleased to announce and congratulate our Office and Investment teams as they were granted CoStar’s Q3 Power Broker Award for one of the Top Sales Deals for Q3. DCG’s Investment team, Chris Shanks, CCIM, and Matt Dericco, and DCG’s Office team, Dominic Brunetti, CCIM, and Scott Shanks, SIOR, jointly represented the seller in...
DCG is pleased to announce, our Industrial team was among the top 3 Industrial Leasing Deals for CoStar’s Power Broker 3rd Quarter Award. DCG’s Industrial team, Joel Fountain, SIOR, Baker Krukow, and Nick Knecht were given the Q3 Power Broker Award for representing the tenant, EPF Corporation in the 87,113 square foot lease. For more...
DCG is pleased to announce the recent multifamily sale of the 12-Unit complex at 40 La Rue Street, closing on August 11th. DCG’s Investment Team, Chris Shanks and Matt Dericco represented the Buyer, and DCG’s Multifamily Team, Trevor Richardson and Chris Moton represented the ownership group in the $3,300,000 transaction. A stabilized property at the...
Representing both buyer and seller, Travis Hansen, SIOR, CCIM, completed the sale transaction of 295 Kietzke Lane on July 1, 2021. Located in close proximity to US-395, I-80, and Downtown Reno, the property sold for $1,300,000 to Tahoe Vista DK, LLC. The 3,960 square foot property on 1.270 acres will serve as an investment property...
David Geddes of DCG represented the buyer in the purchase of 577 California Ave in Downtown Reno. The 2,224 square foot office building was purchased by Washoe Investment Group for $682,000 on May 11, 2021.
Tom Fennell, CCIM, Matt Dericco and Chris Shanks, CCIM of DCG represented an exchange buyer in the purchase of 1100 California Avenue. The 4,540 square foot multi-tenant office building featured 3 tenants and sold for $1,700,000 with a 6.71% cap rate in Q1 of this year. In South Meadows, Fennell, Dericco and Shanks represented the...
