A Developing State: Growing Economy Encourages New Projects

Business is growing across the state. Those who survived the recession are going back to work developing.

As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...]

Dermody Properties Breaks Ground on Two New Facilities in 1.2 Million-Square-Foot Industrial Park 

Dermody Properties, a national industrial real estate development and operating company, has broken ground on the final two buildings in LogistiCenter 395.

RENO, Nev. – Dermody Properties, a national industrial real estate development and operating company headquartered in Reno, has broken ground on the final two buildings in LogistiCenter 395, its 1.2 million-square-foot industrial park in northern Nevada. The company started construction on the two new facilities, Buildings A and C, on November 20. Upon completion, Building A … [Read more...]

Dermody Properties

When businessman John Dermody accepted the Nevada franchise for the Philco Appliance Company and relocated his family to Reno in 1950, little did anyone suspect that this move would be the catalyst that created a successful industrial development company, Dermody Properties. Appliances after World War II were like cell phones are today… consumers couldn’t get enough of them. … [Read more...]

2012 Most Respected CEOs

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A leader, a mentor or a boss. Whatever other name you give a CEO, whether or not they’re respected by their employees is an essential part of the make-up of any organization. Respect can make the difference between success and failure for any company and the man or woman in charge is the one responsible for engendering that respect. This year’s crop of Most Respected CEO’s … [Read more...]

Industry Focus: Commercial Real Estate

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While many feel that most industries in Nevada are beginning to experience small rebounds, one industry that still has a long road ahead is the commercial real estate sector. With asking rents remaining low and the large quantities of available space on the market, brokers, builders and developers continue to feel the effects of the recession. Executives representing this … [Read more...]

Economic Development: The New Plan

Revenue – money flowing in – is the life’s blood of any household, business or organization. For the state of Nevada, revenue forecasts for 2012 and beyond are mostly positive… but continue to hinge on a variety of factors close to home and half a world away. Progress is being made on a number of fronts to generate new and perpetuate existing revenue streams, even as dark … [Read more...]