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).

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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

Trammell Crow Company CBRE