Member News  

NAIOP Member News offers members the opportunity to promote important announcements from their company. These include personnel transactions (hirings, promotions), company news (awards, relocations, stock reports, mergers and acquisitions) and deals (purchases, sales, major financing, awarding of property management contracts, groundbreaking and topping off, leases and land sales).

Submit your news using the online form. NAIOP will review submissions for length, clarity and appropriateness. Press releases sent directly to NAIOP may not be included.

Update News
11/06/2019 Personnel News

Real Estate Veteran John D. Ramous Joins Dermody Properties as Partner in Nevada

Dermody Properties

Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics properties, has hired John D. Ramous as Partner in Nevada, to spearhead and manage new and existing developments and acquisitions throughout the state. He is based in the company’s Reno office. In this role, Ramous will be responsible for strategically identifying potential developments and acquisitions in Nevada. A 30-year real estate veteran and established leader in the industry, Ramous brings extensive experience in industrial real estate development, acquisition, leasing, management and operations to Dermody Properties. His strong relationships both in Nevada and nationally will be a great asset to the company and its continued growth. Current and past developments throughout the state include LogistiCenter℠ at Speedway, LogistiCenter℠ at Cheyenne, Black Mountain Industrial Park and LogistiCenter℠ at Las Vegas Boulevard, all in Las Vegas, Nev., as well as LogistiCenter℠ at 395, LogistiCenter℠ at I-80, Sparks Business Center and LogistiCenter℠ at Silver Lake, all located in Reno, Nev. Prior to joining Dermody Properties, Ramous was Senior Vice President and Regional Manager at Harsch Investment Properties for over 16 years, where he managed the firm’s industrial portfolio of more than $1 billion and 10 million square feet in southern Nevada. He was also directly responsible for managing all major leasing, capital, operating and budget decisions, including a $40 million operating and capital budget.

Contact: Chrisie Yabu, 775-686-7437

11/05/2019 Deal

Caprock Partners Breaks Ground on Class A Industrial Center in North Las Vegas

Caprock Partners

CapRock Partners, one of the fastest growing private industrial investment and development firms focused solely on the Western U.S., announced today that it has broken ground on Interchange Industrial Center, a 683,000-square-foot Class A industrial complex in North Las Vegas. The industrial development, which was purchased from a private investor in July 2019 is situated on a 33-acre parcel located at the intersection of the I-15 and I-215. Interchange Industrial Center is CapRock’s first ground-up development outside of California and underscores the firm’s strategic growth initiative into key Western markets including Nevada and Arizona. “Las Vegas is growing to become a significant regional industrial and logistics hub in the U.S. supported by the area’s skyrocketing population growth and lower cost of living for warehouse laborers, in addition to the well-established transport infrastructure connecting to the ports of Long Beach and Los Angeles in California,” said Taylor Arnett, vice president of acquisitions at CapRock Partners. “We’ve specifically zeroed in on the North Las Vegas submarket due to the area’s strong leasing velocity from credit tenants over the last three years, the amount of institutional investors established in the area, and the lack of available sizeable parcels compatible with big box development in an area that is relatively land-constrained.” Interchange Industrial Center will consist of two class-A industrial buildings, including an approximately 509,000-square-foot, cross-dock warehouse designed for a Fortune 1000-caliber tenant and an approximately 173,000-square-foot warehouse that can accommodate a single tenant or be demised for up to four tenants. Other state-of-the-art features include 32- to 36-foot clear building heights, ESFR sprinklers, 115 trailer parking stalls and 100% concrete 185-foot secured truck courts. Construction is expected to be completed by late summer 2020 and CapRock is currently exploring a variety of lease and sale options with potential tenants.

Contact: Alvina Olivier, 714-263-8742

10/24/2019 Company News

Extensia Financial Bolsters Business Development Team

Extensia Financial

Extensia Financial, one of the nation’s premier credit union service organizations (CUSO) specializing in commercial real estate lending nationwide, announces the addition of four real estate finance professionals as the company’s newest business development officers (BDO). Phil Nieset, Monte Guest, Chris Hurst and Jason Fobbs will support the increase in demand for the CUSO’s services and are based in Upper Sandusky, Ohio, Phoenix, Dallas and Mooresville, N.C., respectively. They serve as Extensia’s specialized business development professionals across the U.S. Extensia is experiencing an increase in production volume this year, having funded $123.6 million in loans (annualized) in 25 states and 16 cities throughout the U.S. – a 14% increase in year-over-year production. With a current pipeline of approximately $440 million, Extensia is positioning itself for continued growth. “Credit unions are seeking more opportunities to grow their MBL portfolios through commercial real estate, and Extensia is increasing and enhancing its footprint in locations throughout the U.S. to serve their needs,” said Craig Page, Extensia’s president and CEO. “Participation lending is a way for credit unions to fund loans for a wide array of property types outside of their immediate market area, and Extensia is pleased to welcome these talented new team members to help identify more opportunities that match credit union lending risk and objectives.” As one of the most established credit union lending and loan participation platforms in the country, Extensia leverages its experience and network of commercial real estate brokers, commercial mortgage brokers and high-net-worth investors to provide credit unions with commercial real estate lending opportunities and advisory services that enable the expansion of their portfolios. Extensia is actively seeking CRE lending opportunities from $2-15 million to present to its network of credit unions partners and investors. For more information visit www.extensiafinancial.com.

Contact: Nicole Deermount, 949-263-8746

10/23/2019 Company News

Dickson Commercial Group Celebrates Fifth Anniversary

Dickson Commercial Group

Dickson Commercial Group (DCG), a full service commercial real estate firm providing brokerage, property management, investment and consulting services, commemorates its five year corporate anniversary. DCG was formed in 2014 by friends and industry leaders, Scott Shanks, SIOR, Dominic Brunetti, CCIM, Tom Fennell, CCIM and Harvey Fennell with the intent to create a company and culture that not only values long term client and community relationships, but also an extremely collaborative company environment. “We wanted to create an organization that provides the support and branding of a national firm, with the structure and split levels that are much more attractive for brokers,” said Scott Shanks. “This middle ground between the nationals and traditionally smaller boutique firms works well in our market and has allowed for success and growth of many of our team members.” The formation was started with the purchase and renovation of the current offices in Downtown Reno at 333 Holcomb Avenue. The core group of agents was under 10 brokers including the four partners that formed the company in 2014. The team offers expertise in real estate services for office, industrial, retail, multi-family, land, investment, property management and multi-family management; with agents and staff accredited through the Society of Industrial and Office Realtors (SIOR) and Certified Commercial Investment Members (CCIM). As part of its anniversary celebration, DCG is dedicating the company’s growth to their committed staff, brokers and loyal clients.

Contact: Chrisie Yabu, 775-686-7437

10/22/2019 Company News

MVE + Partners Raised Nearly $20K for Hydrocephalus Association at Inaugural Orange County WALK to End Hydrocephalus

MVE + Partners

MVE + Partners, a leading architecture, planning, interiors and graphic design firm, raised nearly $20K for the Hydrocephalus Association – the largest private funder of hydrocephalus research in the U.S. – at its inaugural Orange County WALK to End Hydrocephalus. All proceeds will benefit the nonprofit’s mission to improve the lives of those affected by and promote a cure for hydrocephalus – a condition in which excess cerebrospinal fluid builds up in the brain and the number one cause for brain surgery among children. The WALK was hosted on Saturday, October 12 in Huntington Beach, Calif. and united more than 700 registered participants from local businesses, including MVE, CHOC Children’s Neuroscience Institute, Brookfield Residential, Surf4Shea, Blue Buoy Family Swim School and more. As an event sponsor, MVE rallied its leaders, employees, clients and friends to walk and help fund research for this chronic and challenging condition. In total, the Orange County WALK to End Hydrocephalus raised more than $140,000 – more than any other Hydrocephalus Association walk this year. “We’re honored to support the amazing work performed by the Hydrocephalus Association and to help fund future cutting-edge research for children and families affected by this disease,” said Matt McLarand, president, MVE. “We’re incredibly grateful for the generosity of our colleagues, clients, consultants and friends. With their support, we nearly quadrupled our fundraising goal and helped raise awareness for this life-threatening condition.”

Contact: Angelyssa Granillo, 714-263-8743

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