Northern Nevada By Reed Backstrom, Colliers Reno Northern Nevada’s office market entered 2025 with signs of resilience, amid ongoing headwinds. A promising highlight is the continued strength of Class A office demand, which remains despite broader economic uncertainty. The Meadowood submarket led the region with a 0.4 percent rent increase to $2.13/SF, the highest in … [Read more...] about ReD Report
Business IndicatorsJune 2025
Real gross domestic product (GDP) decreased by 0.3 percent annually in 2025 Q1. This decrease primarily reflected an increase in imports and a decrease in government spending, partly offset by increases in investment, consumption, and exports. Seasonally adjusted nonfarm employment rose by 177,000 jobs in March, with strong gains in health care and construction, partly offset … [Read more...] about Business Indicators
The Last WordWhat Is the Most Valuable Lesson You Learned From Your Father?
Chuck Alvey Chair Vistage “Tom Alvey had four boys, I was the oldest. He was a natural athlete. He never ‘let’ us win and celebrated us when we did. We earned his pride in us.” Christina Ellis VP of Development Anamarie Ellis VP of Operations Michaela Ellis Financial Planning and Analysis Ellis Island Casino and Hotel “’If you always do what you always did, … [Read more...] about The Last Word
Around the StateMay 2025
UNR Opens Bab to Boost the Semiconductor Workforce Last month, the University of Nevada, Reno (UNR) College of Engineering opened a nanofabrication lab to educate students for semiconductor and microelectronics manufacturing. The lab is equipped with tools for lithography, deposition, etching, wire bonding and metrology. These tools enable the manufacture of electronic, … [Read more...] about Around the State
Industry FocusSports
Professional sports have had a tremendous impact on Nevada in a short time. The industry has shifted the economy, created thousands of jobs and enhanced tourism, not to mention the impact to the community at large. In essence, Nevada has leveled up. Once known as simply the entertainment capital of the world, the Silver State can now proudly add sport’s capital of the world to … [Read more...] about Industry Focus
Nevada Business Awards 2025
Nevada State Bank is proud to be the presenting sponsor of the 2025 Nevada Business Awards, joining business leaders across the state to recognize and celebrate the accomplishments of outstanding local companies. Each business being honored today is unique, with its own history, set of challenges to overcome, and list of victories over those challenges. However, successful … [Read more...] about Nevada Business Awards 2025
Karen Marben
Executive Director LVMPD Foundation Type of Business: 501(c)(3) Nonprofit Organization Based in: Las Vegas Hails from: Currie, Minnesota Years Org. has been in Nevada: 26 Years with Organization in Nevada: 1.5 Employees in NV (approx.): 08 How did you get into your profession? After nearly three decades in sales and marketing roles serving K-12 education, I was … [Read more...] about Karen Marben
ReD ReportIndustrial Summary: First Quarter 2025
Northern Nevada By Grant Bollinger, CBRE | Reno The Reno industrial market was comprised of approximately 116 million sq. ft. at the close of Q1 2025. There were three new industrial buildings delivered to the market in Q1 2025, totaling 600,000 sq. ft. The construction pipeline had 1.5 million sq. ft. underway with another 15.9 million sq. ft. in various planning stages. … [Read more...] about ReD Report
Business IndicatorsMay 2025
Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024, which was mostly attributed to continued increases in consumer and government spending. Seasonally adjusted U.S. nonfarm employment increased by 228,000 jobs in March, driven largely by gains in health care and social assistance, leisure and hospitality, and … [Read more...] about Business Indicators
The Last WordWhat Advice Do You Have For Graduating Seniors?
Warren D. Cobb Associate Dean UNLV College of Fine Arts “Be kind and seek to understand. The world needs your discipline, talent and gifts. Create your voice and craft works that spark wonder, inspire awe and leave hearts forever changed” Vincent Tatum President Grand Canyon Development Partners “Be vocal in sharing your dreams and aspirations. Being shy or secretive … [Read more...] about The Last Word
Industry FocusBrokers
Political uncertainty, limited inventory and land, and extensive red tape are only some of the challenges facing the commercial real estate industry. Added to that is the looming concern of brokers becoming obsolete due to AI and an upcoming workforce that demands higher salaries without showing up to the office. The commercial real estate industry has never been a career for … [Read more...] about Industry Focus
Paul Curtis Steelman
CEO Steelman Partners Type of Business: Architecture, Interior Design, Lighting Design and Slot Machine Manufacturer Based in: Las Vegas Hails from: Longport, NJ Years Org. has been in Nevada: 38 Years with Organization in Nevada: 38 Employees in NV (approx.): 105 How did you get into your profession? My father was an architect, and I admired him greatly. I started … [Read more...] about Paul Curtis Steelman
Philanthropy UpdateFacing Challenges Together
Philanthropy can be defined in many ways, but in its simplest form, it’s people helping people. In Nevada, businesses play a vital role in supporting the nonprofits that provide goods and services to those most in need. “Corporations are a critical part of the ecosystem of philanthropy,” said Kim Young, CEO of Children’s Cabinet. “Corporations have the voice and the ability … [Read more...] about Philanthropy Update
Shifting Supply and DemandIndustrial Real Estate in Nevada
At the height of the pandemic, industrial real estate was at a premium. With everyone everywhere buying everything online, warehouses, distribution systems and logistics centers were in high demand. So was land zoned for industrial use and infill spaces that could be converted. Simultaneously, the demand for office space reduced as remote work replaced commuting to the office. … [Read more...] about Shifting Supply and Demand
ReD ReportRetail Summary: Fourth Quarter 2024
Northern Nevada By Gary Tremaine, Dickson Commercial Group As the year came to a close, the retail market in Washoe County remained resilient. Transaction volume reached $94,388,853, marking a significant increase from Q3, while retail vacancies remained at historic lows, with the overall vacancy rate edging up to 3.7%. Despite limited supply, demand from owner-users and … [Read more...] about ReD Report