Reno Office Market Deliveries Drop in 2026
October 12, 2026
Howard Hughes Holdings sold approximately 63 acres of residential land in Summerlin to three homebuilders for nearly $109M. Sekisui House U.S., parent company of Richmond American Homes, purchased 9.6 acres for $16.3M for a planned 38-lot subdivision. Century Communities acquired 22.4 acres for $40.3M for an 88-lot subdivision, and Toll Brothers purchased nearly 31 acres for $52.4M for a planned 97-lot housing tract. The parcels are located approximately one mile west of the 215 Beltway between Summerlin Parkway and Lake Mead Blvd.
Nevada GrantLab purchased an eight-story, 67KSF office building at 701 E. Bridger Ave. in downtown Las Vegas for $6.3M from the estate of late tech mogul Tony Hsieh. The sale by Hsieh’s father, Richard Hsieh, closed last month. Built in 1984 and renovated in 2004, the building sits at the corner of Bridger Avenue and Seventh Street, across from the Las Vegas Academy of the Arts. Nevada GrantLab occupies roughly 6.6KSF on the sixth floor and plans to remain downtown. The building was 69% leased, according to Colliers listing materials.
NOW Foods recently signed a 190KSF lease at the Reno AirLogistics Park at 13000 Moya Blvd. This building will serve as NOW’s West Coast distribution center.
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