Reno, Nev. (January 20, 2016) - Commercial real estate firm, Kidder Mathews, announced it has opened an office in Reno and has recruited four of the region's top industrial brokers. The new office is located at 50 West Liberty Street, 4th Floor West Tower, in Reno, Nevada.
Kidder Mathews is one of the fastest growing independently owned commercial real estate firms on the West Coast, with over 500 real estate professionals and staff in 13 offices in Washington, Oregon, California, Arizona, and Nevada. As part of the firm's strategic growth plan, in the last year, it has opened offices in San Diego, Phoenix, Sacramento, and Reno.
The Reno market is the second largest metro area in Nevada and one of the hottest industrial regions in the Western United States for various reasons, including ample availability of land and 80 million square feet of industrial space and it is the site of the new Tesla $5 billion Gigafactory. Nevada has a positive business climate (no taxes), and due to its proximity to California, it is an attractive alternative for companies who need more cost effective manufacturing and distribution solutions. Reno has excellent access to major highways/freeways (Hwy 80, 395 and I-5).
"We see a tremendous opportunity to expand our services in Reno. It is a logical next step for us due to the business flow out of the greater Bay Area and Sacramento markets, where we have four offices," said Jeff Lyon, Kidder Mathews Chairman and CEO. "We are very pleased with this dominant team of four veteran professionals as a solid foundation to grow our office from," said Lyon.
The new hires include:
J. Michael Hoeck, SIOR, Senior Vice President, Managing Partner, Industrial Specialist
Michael Nevis, SIOR, CCIM, Senior Vice President, Industrial Specialist
Dave Simonsen, SIOR, CCIM, Senior Vice President, Industrial Specialist
Steve Kucera, CCIM, Vice President, Industrial Specialist
"Kidder Mathews is new to the Reno market, but they are a very dynamic company that dominates in their more established markets, and they are expanding very quickly all over the West. The reason they are so attractive to top brokers is that they have very sophisticated resources and marketing support, as well as, the opportunity for all service providers to become owners in the firm. That is a unique opportunity, and why we chose to go with Kidder," said Mike Hoeck, the firm's Managing Partner.
Kidder Mathews attributes its fast growing success to its unique platform, and to the national trend of consolidation in the commercial real estate industry among large publicly held firms, which is typically not favorable to professional service providers. Kidder Mathews is a privately held firm with a streamlined management structure, opportunity for equity for its professionals, and a commission structure that is considerably more favorable to its brokers than any of its competitors.
About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 500 real estate professionals and staff in 13 offices in Washington, Oregon, California, Arizona, and Nevada. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $3.2 billion in transactions, manages 36 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.