Automobile sales in Nevada are following the national trend of keeping steady after years of growth. Following seven years of steady, and at times rapid, increases in sales, volume is beginning to flatline and the future is uncertain, according to multiple car dealership executives in Nevada. In the previous eight years, new car sales had grown by an average of 5 percent … [Read more...]
Medical Education in Nevada: Progress Made, Long Way to Go
Great strides in expanding medical education in Nevada have been made in the past few years. Yet the effects have been minimal so far and won’t kick in until years in the future. In addition, much more work needs to be done, experts said. “[Medical education] is improved and has a long way to go,” said Shelley Berkley, CEO and senior provost of Touro University’s … [Read more...]
CRE Financing: Evolving with Nevada’s Economy
A tremendous number of loans for commercial real estate (CRE) projects are being sourced and approved in Nevada in what’s described as a robust market being driven by industrial and multi-family properties. “We are seeing a good deal of industrial, including build-to-suit industrial and even some spec type industrial, and we’re seeing a lot of multi-family [apartments] and … [Read more...]
Welcome to Nevada: October 2018
JSW SA The European Union’s largest Polish coal producing company, JSW SA has signed a letter of intent with the Nevada Institute for Autonomous Systems (NIAS). JSW SA makes a core ingredient for steel and is a leader in commercial autonomous systems. The company will now collaborate with the NIAS on furthering the development of the unmanned aerial systems industry, the … [Read more...]
Around the State: October 2018
SafeNest Opens New Donation Center Nevada’s largest non-profit organization serving those affected by domestic violence, SafeNest, has opened a new donation center headquarters. The new center doubles the non-profits capacity, expanding from 1,000 to 2,500 square feet and employing 20 full- and part-time staff. Donations to the center total over 200,000 pounds each month and … [Read more...]
Retail Summary: Second Quarter 2018
Northern Nevada By NAI Alliance The overall Northern Nevada economy continues to improve through the second quarter. The overall vacancy in the Reno/Sparks area decreased to 12.45 percent from the previous quarter of 13.12 percent. There was a total gross absorption of 219,414 square feet during the quarter, with a net absorption of 80,792 square feet. The anchor vacancy … [Read more...]
Red Report: October 2018
E Sale, Industrial Address 4425 & 4405 E. Sahara Ave., 89104 Buyer CIP Real Estate Corporation Seller East Sahara SPE Details 72,042 SF; $6.8 million APN 161-08-101-001 Seller Rep Brian Riffel, SIOR and Tyler Jones of Colliers International Sale, Industrial Address 2729 N. Lamb Blvd., 89115 Buyer Beverage Excellence Seller MCA Lamb Details 6,347 SF; … [Read more...]
Tolles Development Company Acquires Industrial Assets in Reno-Sparks
Five warehouses in the Reno-Sparks area are under new ownership after a transaction between Tolles Development Company and McKenzie Properties. Tolles Development Company has increased its portfolio by acquiring a combined total of more than 202,700-square-feet in warehouse spaces in Reno-Sparks. Landmark buildings include The Generator, an inclusive artspace known for … [Read more...]
Galaxy Theatres Opens Victorian Square Location
Reno – Galaxy Theatres, a fully-integrated luxury theatre operator, has announced the opening of the Victorian location in Sparks, Nev., its third location in northern Nevada. Galaxy Theatres consistently provides guests with an exceptional time and friendly service in a comfortable environment. Moviegoers will experience Galaxy Theatres’ unparalleled guest service, a … [Read more...]
Nevada GOED Board Approves Eight Companies to Create 167 Jobs, Expands Workforce Development Program in Ely and Reno
LAS VEGAS/RENO – The Nevada Governor’s Office of Economic Development board approved applications for eight businesses, which could mean 167 new jobs and nearly $200 million in capital investment for the Silver State. The board also approved $1.6 million in additional funding for the Workforce Innovation for the New Nevada (WINN) program, which will support diesel technology … [Read more...]
Re/Max Reality Affiliates Welcomes New Agent Patty Pankopf
Reno – Real estate professional Patty Pankopf has joined RE/MAX Realty Affiliates (RRA) as a new agent in the Reno office. Pankopf brings a well-rounded wealth of experience to RRA. She spent more than 11 years as the former owner/manager of a law practice in Nevada and California specializing in real estate law and as a title sales representative in southern California, so … [Read more...]
Dermody Properties Acquires Four Buildings in California’s Fremont Research Center
RENO – Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, announced its purchase of four buildings at Fremont Research Center located in Fremont, Calif., a submarket within the Silicon Valley. The buildings, totaling 191,703 square feet, are 87 percent occupied and are … [Read more...]
Dickson Commercial Group Lists Virginia/Center For Sale, a Mixed Use Development in Downtown Reno
Dickson Commercial Group (DCG) presents one of the largest contiguous land assemblages for sale in downtown Reno, a mixed use developed called Virginia/Center. The offering includes 10 contiguous parcels totaling 1.935 acres (84,180 square feet) of mixed use land. The current zoning is Mixed Use Downtown Regional (MUDR). “This is an attractive, solid footprint for the … [Read more...]
The Reno + Sparks Chamber of Commerce Announces Health Plans for Small Businesses
The Reno + Sparks Chamber of Commerce is pleased to announce that its small business members will be able to provide medical, dental, vision and life insurance benefits to their employees, effective December 1, 2018, following enrollment in The Chamber of Commerce’s Association’s Health Plan. Association Health Plans (AHP) offer similar benefits to small companies that have … [Read more...]
Nevada State Bank Wins Gold in “Best of Reno” for a Second Year in a Row
RENO – For a second year in a row, Nevada State Bank was voted “Best Bank” in the “Best of Reno” contest presented by the Reno Gazette-Journal. Focusing on the Reno/Sparks area, Nevada State Bank took first place over all banks and credit unions. Winners of this competition are both nominated and voted on by local residents, making this honor all the more meaningful to the … [Read more...]
45,000 Nevadans with Alzheimer’s Disease; Continues to Rise
The Nevada Department of Aging and Disability Services reminds people to be proactive during World Alzheimer’s Month Reno – Nevada Care Connection (NCC), part of the Nevada Department of Health and Human Services, Aging and Disability Services Division (ADSD), reminds Nevadans that September is World Alzheimer’s Month. Early detection and intervention significantly increase … [Read more...]
RSAR Releases August 2018 Existing Home Sales Report
RENO – The Reno/Sparks Association of REALTORS (RSAR) released its August 2018 report on existing home sales in Washoe County, including median sales price and number of home sales in the region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com). During August 2018, the report showed Washoe County had 542 sales of … [Read more...]
The Reno/Sparks Association of REALTORS to Host Black & White Affair with Flair
Benefiting Ronald McDonald House Charities Northern Nevada RENO – The Reno/Sparks Association of REALTORS (RSAR) will host the annual Black & White Affair with Flair on Thursday, September 20 at the Whiney Peak Hotel in downtown Reno. Ronald McDonald House Charities Northern Nevada, a home away from home for families with a child receiving treatment at an area … [Read more...]
REMSA Promotes Tyler Baker to EMS/Special Events Coordinator
RENO – The Regional Emergency Medical Services Authority (REMSA) announces the promotion of Tyler Baker to the position of EMS/Special Events Supervisor. REMSA works with local businesses and organizations to provide cost-effective medical and emergency coverage for special events of all sizes and types in Washoe County. Baker will oversee day-to-day operations and the … [Read more...]
How We Stack Up 2018
Each year, Nevada Business Magazine collects data comparing Nevada to other states and to past years, tracking economic cycles and delivering a snapshot of what it’s like to live in the Silver State. In the first edition 12 years ago, Nevada was riding high economically, with 4 percent unemployment and the challenge of finding enough workers to fill available positions. Then … [Read more...]
