Commercial Real Estate 05-06-25

Credit: Northern Nevada Business Weekly

Sales Transactions

1. Cannae Holdings sold its former headquarters at 1701 Village Center Circle for $12.2M. Fidelity National Financial, Cannae’s former parent company, purchased the site. Cannae is leasing a portion of the building for approximately $10K/month.

2. SAC 2 LLC purchased two 18-hole golf courses in western Carson Valley for $6M. Listed in October 2024 for $8.5M by Genoa Golf Group IV, the properties total 565 acres combined. The sale included restaurants, banquet facilities, wedding venues and other amenities.

Lease Transactions

3. Blue Sky Trust began leasing space at 50 W. Liberty St. in Reno. Colliers’ Melissa Molyneaux represented the tenant. The landlord, Basin Street Properties, was represented by DCG’s Patrick Riggs and Dominic Brunetti. No square footage was provided.

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Mark Hobaica

Mark Hobaica

Executive Vice President

Core Construction

Since 2019, as CORE Construction’s Executive Vice President for Nevada, Mark ensures every client CORE serves receives the highest level of personalized care for every project. Mark’s passion is client Trust. He cares deeply about CORE’s reputation, partnerships and providing the highest quality and services, as well as most honest and best value possible. He has worked in the Las Vegas Valley and for the Public Works sector for nearly 35 years. He began as an owner in a local architectural firm designing and overseeing projects for Public Works clients for nearly 12 years. He clearly understands the expectations of the public sector, as he then directed numerous projects for over 16 years as the City Architect for the City of Henderson. His focus has always been delivering projects using CMAR or Construction Manager at Risk as he has implemented dozens of projects with his trusted approach, while always involving every stakeholder to ensure each individual receives the highest level of services expected.