Read "The Business of Sports" by Jennifer Ko Craft With its $1.8 billion budget, the spectacular new Allegiant Stadium — home of the NFL’s Raiders beginning in 2020 — is the biggest, highest profile construction project in Las Vegas in recent memory. But for all the economic benefits of the construction, the new stadium is merely the beginning of a powerful wave … [Read more...] about Professional Sports
Reno business
Industry FocusBankers
Left to Right: Sara Lindgren, JP Morgan Chase Bank • BJ North, Plumas Bank • David Navarro, Pacific Premier Bank • James York, Valley Bank • John Zaby, Mutual of Omaha Bank • Connie Brennan, Nevada Business Magazine • Paul Stowell, City National Bank • Phyllis Gurgevich, Nevada Banker’s Association • John Guedry, Bank of Nevada • Diane Fearon, Lexicon Bank One industry … [Read more...] about Industry Focus
How We Stack Up2019
Statistics about Nevada in 2019 provide reasons for both optimism and concern. In this 14th annual study comparing Nevada to other states, economic indicators show that the state is thriving: tourism numbers are up, unemployment is down and home values are steadily rising. However, Nevada is still dealing with the same chronic social issues noted in the first edition in 2006. … [Read more...] about How We Stack Up
Lights, Camera – Nevada!A Look Inside Nevada’s Growing Film Industry
Cover and Intro Images by Eric Guideng, Rob Anderson (director, pictured) and Blackwood (production company) Nevada’s film industry is growing in a very competitive international environment. “We currently exist in what is the most competitive environment for production we’ve seen,” said Eric Preiss, director, Nevada Film Office, Nevada Governor’s Office of Economic … [Read more...] about Lights, Camera – Nevada!
Lending BoomCRE Financing in Nevada
Sandy Gordon: Nevada State Development Corporation Developers of commercial projects in Nevada these days are likely to field calls from a growing number of lenders eager to make loans to build or buy office buildings, retail centers and industrial projects in the booming state. But memories remain strong of the collapse of the commercial lending market in … [Read more...] about Lending Boom
Legal Elite 2019The Silver State’s Top Attorneys
Now in it’s twelfth year, Legal Elite is an annual list showcasing Nevada’s top attorneys as chosen by their peers. The attorneys appearing in the following lists represent the best of the best. Polling for Legal Elite 2019 began in mid-February and nearly 5,000 nominations were submitted by licensed attorneys in Nevada. Each submission then went through an extensive … [Read more...] about Legal Elite 2019
Nevada Bankers AssociationSupporting Business. Supporting Communities
WHAT makes a community a community? From educators and law enforcement to medical professionals and retailers, every individual plays an important role to the success of the community. Banks play a key part in supporting the community as well. By providing loans, checking and savings accounts and a range of products and services, banks help create stable, prosperous … [Read more...] about Nevada Bankers Association
Strong DesignArchitects and Engineers in Nevada
Even as the Las Vegas economy recovered from the Great Recession, Ed Vance and his architecture firm survived almost solely on the business from the Lucky Dragon. For two years during the project, Vance said projects were relatively hard to come by as developers weren’t quick to pull the trigger. Vance is adamant that all changed with the 2016 election. Since the election, … [Read more...] about Strong Design
Around the StateApril 2019
Coalition Forms to Match Employees to Available Jobs Over 40 public and private entities have joined to form the Career and Technical Education Messaging Coalition of Northern Nevada (CTE-MCNN). The coalition members represent diverse fields and expertise in Nevada. The coalition’s goal is to match potential employees with job and certificate opportunities. The coalition has … [Read more...] about Around the State
Red ReportJanuary 2019
E Sale, Retail Address 1205 Las Vegas Boulevard S, 89104 Seller DeCar Enterprises Details 31,000 SF; $6 million APN 162-03-106-001 Seller Rep Cathy Jones, CCIM, Anders Graciano and Paul Miachika of Sun Commercial Real Estate Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM … [Read more...] about Red Report
Red Report: December 2018
E Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM of Colliers International Seller Rep Dan Doherty, SIOR, Paul Sweetland, SIOR and Jerry Doty of Colliers International Sale, Multi-Family Address 4870 Nellis Oasis Ln. and 5025 Nellis Oasis Ln., 89115 Buyer … [Read more...] about Red Report: December 2018
The Drive: Automobiles in Nevada
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...] about The Drive: Automobiles in Nevada
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...] about Medical Education in Nevada: Progress Made, Long Way to Go
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...] about CRE Financing: Evolving with Nevada’s Economy
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...] about Welcome to Nevada: October 2018
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...] about Around the State: October 2018
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...] about Retail Summary: Second Quarter 2018
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...] about Red Report: October 2018
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...] about Tolles Development Company Acquires Industrial Assets in Reno-Sparks
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...] about Galaxy Theatres Opens Victorian Square Location