Roseman University Awarded NACDS Foundation Scholarship Roseman University of Health Sciences College of Pharmacy has been awarded a scholarship through the Annual National Association of Chain Drug Stores (NACDS) Foundation Scholarship Program. The scholarship was one of six innovation-focused awards in the amount of $20,000. It will be used to develop a disease state … [Read more...] about Around the State
Commercial RE ReportOffice Summary: First Quarter 2022
Northern Nevada By Jordan Lehman, Colliers | RENO Reno’s office market began 2022 with incredible momentum. The region saw robust investment activity, sizeable rent growth and shrinking vacancy. Office sales volume of $76.1 million was the highest first-quarter total on record. Pricing continued to climb this quarter as average sales price grew 65.9 percent year-over-year … [Read more...] about Commercial RE Report
Business IndicatorsJune 2022
The “advance” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2022 unexpectedly fell by 1.4 percent at an annual rate, the first decline since the COVID pandemic recession. The decline largely reflected a decrease in government spending and a huge trade deficit caused by a drop in exports and a surge in imports. U.S. nonfarm employment posted a … [Read more...] about Business Indicators
Last WordWhat Habit do you have now that you Wish you had Started Earlier?
Phyllis Gurgevich President and CEONevada Bankers Association “Saving money for retirement is a habit most of us wish we had started sooner. Remember it’s also never too late to start. Today is a day earlier than tomorrow.” Chuck Alvey ChairVistage International “Full contact listening! While I have finally learned to listen with my other senses, listening … [Read more...] about Last Word
Industry FocusProperty Management
Many industries are facing significant changes due to the shifts in how professionals work after COVID. On the forefront of many of those changes is property management as they are responsible for maintaining the workplaces of Nevadans. Recently, leaders in property management met in a virtual roundtable, sponsored by City National Bank, to discuss the challenges their industry … [Read more...] about Industry Focus
Nevada Business Awards2022
Nevada Business Magazine, along with corporate sponsor Nevada State Bank, is honored to recognize and support Nevada businesses for their hard work. Congratulations to all of this year’s finalists. The Judges A special thank you to the distinguished panel of judges for their work in identifying this year’s finalists out of hundreds of nominees and for the unenviable … [Read more...] about Nevada Business Awards
Mike Del Prado
CEO and Managing DirectorExecutive Option Type of Business: Executive and Technology Consulting ServicesBased In: Las Vegas, NVHails From: California Years Org. has been in Nevada: 06Years with Org. in Nevada: 06Employees with Organization: 22 How did you get into your profession? After ending my tour in the military, I began working in a junior position within the … [Read more...] about Mike Del Prado
Commercial RE Report: Industrial SummaryFirst Quarter 2022
Northern Nevada By Angel Orozco & Dan Buhrmann, CBRE The Reno industrial market turned in healthy market fundamentals in Q1 2022, posting the tenth consecutive quarter of positive net absorption. Vacancy decreased quarter-over-quarter, closing Q1 2022 at 0.7 percent, the lowest on record. Availability rates followed suit, dropping to 1.7 percent. Average asking … [Read more...] about Commercial RE Report: Industrial Summary
Business IndicatorsMay 2022
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2021 expanded by 6.9 percent at an annual rate, which was revised down by 0.1 percent from the previous estimate. The revision mainly reflected downward revisions to consumer consumption and exports, which were partly offset by a larger private inventory investment than previously reported. … [Read more...] about Business Indicators
Last WordWhat Life Skills are Rarely Taught but Extremely Useful?
Dena Sue Potestio Vice President for AdvancementTouro University Nevada “Sound judgement - Is your solution win-win, proposed, involving multiple viewpoints, empathetic, shared, best for all, collegial? Or [is it] win-lose, onesided, commanded, tone deaf, selfish, all for one, dictatorial? The former requires exercising our sound judgment muscles.” Ryan … [Read more...] about Last Word
Industry FocusCommercial Brokers
Two years into the pandemic, the commercial real estate (CRE) industry has undergone several changes and leaders in the field are learning that flexibility is key. Although, each submarket was affected differently by COVID the outlook from leaders is positive. Recently, executives representing CRE in Nevada met virtually in a roundtable, sponsored by City National Bank, to … [Read more...] about Industry Focus
Around the StateApril 2022
Saint Mary’s Adds Rehab Unit Saint Mary’s has announced the addition of an inpatient acute rehabilitation unit (ARU). The unit is expected to open in 2023 and will be located in the existing hospital. The ARU will add 14 beds and include private rooms and recreational and therapy spaces. Nevada College Receives “First-Gen Forward” Designation The Center for … [Read more...] about Around the State
Ercan Aydogdu
Executive Director and CEOCoral Academy of Science Las Vegas Type of Business: Education – Public Charter SchoolBased In: Henderson and Las Vegas, NevadaHails From: Turkey Years Org. has been in Nevada: 15 YearsYears with Org. in Nevada: 10 YearsEmployees with Organization: 304 Employees “Education is the passport to the future, for tomorrow belongs to those who … [Read more...] about Ercan Aydogdu
Commercial RE Report: Retail SummaryFourth Quarter 2021
Northern Nevada By Gary Tremaine & Amanda Brierton | Dickson Commercial Retail had its strongest quarter of the year for sales with just over $188 million and 25 total sales in Q4. There were multiple shopping centers and larger multi-tenant sales that took place before year end. In west Reno, CAI Investments purchased the Cabela’s in Verdi for $39 million ($305.27 … [Read more...] about Commercial RE Report: Retail Summary
Business IndicatorsApril 2022
The “second” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2021 grew by 7.0 percent at an annual rate, which was revised up by 0.1 percent from the previous estimate. The revision primarily involved upward revisions in both non-residential and residential fixed investment and state and local government spending, which were partly offset by reduced … [Read more...] about Business Indicators