It’s no secret that the real estate market has been in flux throughout the first quarter of 2023. Change is always scary, especially for those of us in industries that are directly impacted by the market’s ups and downs.

One of our core covenants at SVN is “Focus on the positive and the possible”. When the market is no longer a bonanza and business starts to slow, it’s easy to get discouraged and preoccupied by the negatives, but taking the time to notice the positive and focus on the possible around you is always worth the effort.

Even with the market’s recent fluctuations, this month I noticed some great things happening in our own Reno market. For example, High Mark Distillery, a tenant in a flex industrial park in Reno, recently doubled the size of their industrial space. This small business delivers delicious small batch spirits to the eleven western states and their drinks are so good that they’re currently expanding.

Felicia Keith-Jones, President of High Mark Distillery said,

“We are honored to distill great spirits on a much bigger scale this year. Reno just keeps on growing, and it’s a very thirsty town! To continue handcrafting ten delicious spirits, and age our Bourbon and Rum to perfection, we needed to double our Barrel House space again this year.

We are truly thankful for Tomi Jo Lynch keeping us informed each month on available square footage and prices. It takes a team to expand and succeed in business, and Tomi Jo was a definite asset to our growth plans.”

While the headlines lean towards negativity, there are bright spots in our market and stories of success all around. Working with someone who focuses on the positive and possible can make all the difference when it comes to finding a successful outcome for all parties.

If you’re in the Reno area, swing by High Mark Distillery to try a free tasting! Or if you need help expanding your business, finding your next investment, or selling a current property, I would love to partner with you to reach your goals!

Managing Director of SVN Gold Dust Commercial Associates, Tomi Jo Lynch, goes over the key industrial indicators of Q1 2023 in Northern Nevada. To hear more research like this, sign up for our newsletter!

Check out our new series, CRE Solutions! In this video series, we’re answering the questions that you ask us most frequently. Whether you’re a tenant, landlord, buyer, or seller, we’re here to answer your commercial real estate questions. This week’s question is from a tenant’s perspective, “Can I sublease my space?” Stay tuned for more episodes of CRE Solutions!

SOLD | $2,700,000

Arrowhead Drive, Carson City, NV

Tomi Jo Lynch, SIOR, CCIM, and Thomas Y. Johnson, CCIM, represented both the Buyer and the Seller in this deal. The Buyer had previously purchased the adjacent parcel and now holds a total of ± 24.31 acres on Arrowhead Drive. Congratulations to the Buyer, Seller, Tomi Jo, and Tom for completing this sale!

SOLD | 3 INDUSTRIAL LOTS
North Deer Run Road, Carson City, NV

Tomi Jo Lynch, SIOR, CCIM, represented the Seller and orchestrated the sale of three lots on N Deer Run Road. The three lots have sold to two separate buyers for a total of $623,238 and 3.18 acres.

Four lots are still available for sale and can be bought separately or together. Located in the Deer Run Industrial Park in the northeastern urban area of Carson City, NV, with easy access to Highway 50 and Interstate 395.

Tomi Jo Lynch, SIOR, CCIM, Managing Director of SVN | Gold Dust Commercial Associates has achieved the SIOR industrial designation awarded by the Society of Industrial and Office REALTORS®. SIOR is a Washington, DC-based international professional organization of more than 3,200 commercial real estate professionals who have earned the coveted SIOR designation.

To achieve the SIOR designation, Lynch, SIOR, CCIM completed at least five years of creditable experience in the highly specialized field of industrial real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity.

Individuals who hold the SIOR designation are top producers in the commercial real estate field and are represented in more than 685 cities in 36 countries around the world. SIOR enforces a strict code of ethics and require designees to complete its ethics course within their first three years of membership.

Tomi Jo Lynch, SIOR, CCIM is a Managing Director with SVN® | Gold Dust Commercial Associates specializing in industrial properties with a focus on landlord representation and investment sales. Lynch’s responsibilities at SVN® are varied and include brokerage services, business development, and management of the brokerage team. Lynch has closed over $116 Million in transaction volume since beginning at SVN. Lynch has a passion for finding value-add opportunities for her clients, providing creative real estate solutions, and operates as a holistic solutions provider for clients.

“Tomi Jo is a prime example of an exemplary Commercial Real Estate professional. To achieve both the CCIM designation and the prestigious SIOR designation truly sets her apart in the Commercial Real Estate industry. These designations signify an ongoing commitment to practicing her craft at a high standard every day,” Thomas Y. Johnson, Co-Managing Director and Corporate Broker for SVN, said in a statement.

Lynch attended the University of Colorado, Boulder due to their outstanding business school and commercial real estate program where she learned the nuts and bolts of the industry. Lynch worked for several other brokerages, including CBRE, prior to joining SVN.

In addition, Lynch served on the NAIOP Board of Directors for three years where she played a role in sponsorship, programs, and overall recruitment. Lynch currently serves as President Elect of both CREW Northern Nevada and CCIM of Northern Nevada.

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SIOR is the leading global professional office and industrial real estate organization that certifies commercial real estate service providers with the exclusive SIOR designation, based on achievement, knowledge, accountability, and ethical standards. Only the industry’s top professionals qualify for SIOR. Today, there are more than 3,200 members in 685 cities and 36 countries. For more information, visit www.sior.com.