PE, PEng, CBO/CFM Las Vegas Branch Manager UES Type of Business: Geotechnical/Environmental/Materials Engineering; Construction Inspections & Testing; Building Sciences Based: Las Vegas, NV Hails from: Goldsboro, NC Years Org. has been in Nevada: 21 Year with Organization in Nevada: 1 Employees in NV: 225 What is your professional background? A good friend … [Read more...] about Sam Palmer
Industrial SummaryFourth Quarter 2023
Northern Nevada By Angel Orozco, CBRE The Reno industrial market was comprised of approximately 112 million SF at the close of Q4 2023. The market substantially grew in 2023, adding over 7.3 million SF of new inventory across 25 buildings. The construction pipeline remained plentiful, with a variety of projects totaling over 2.5 million SF underway and 16.1 million SF in … [Read more...] about Industrial Summary
Business IndicatorsFebruary 2024
The third estimate of U.S. real gross domestic product (GDP) for 2023Q3 increased at an annual rate of 4.9 percent, marking a 0.3 percentage point decrease from the second estimate. Although the update primarily reflected a downward revision in consumer spending, the robust growth in real GDP was still mainly driven by strong consumer spending and heightened activity in … [Read more...] about Business Indicators
The Last WordHow Did You Meet Your Spouse?
Holly Silvestri PartnerThe Ferraro Group “Through Nevada Business Magazine! My PR firm had an article and photo published many years ago, he read it, reached out to a client he knew who was mentioned in the article, and then we were introduced. We have been married for 21 years now. So, thank you, Nevada Business Magazine!” Tom Letizia PresidentLetizia … [Read more...] about The Last Word
Industry FocusHealthcare
The healthcare industry in Nevada has never been more relied on than it has in recent years. However, despite COVID being in the rearview mirror, the industry is still facing giant problems. From battling a significant shortage of medical professionals, rising costs and burnout to the point that practitioners are leaving the field altogether, the industry has … [Read more...] about Industry Focus
MVPNikki Fargas
President of Las Vegas Aces League/Sport: Basketball Team’s Inaugural Season: 1997 Location: Las Vegas, Nevada Executive Hometown: Oak Ridge Tennesee Executive Joined Team in: 2021 40 Full Time Employees Not Including Players A former player, broadcaster and basketball coach, Nikki Fargas is the current president of the Las Vegas Aces. She is at the helm of … [Read more...] about MVP
Around the StateJanuary 2024
Station Casinos Opens Durango Casino & Resort In early December, Station Casinos opened the Durango Casino & Resort, the company’s newest resort in southwest Las Vegas. The resort features 83,000 square foot of casino space and over 200 guest rooms and suites. The resort also has dining options, including a food hall experience, Eat Your Heart Out, which spans 25,000 … [Read more...] about Around the State
Reed Gottesman
SVP/Regional Manager Schnitzer Properties Type of Business: Commercial Real Estate Development and Operations Based: Las Vegas, San Diego and Salt Lake City Hails from: Teaneck, NJ “Luck is the sense to recognize an opportunity and the ability to take advantage of it. Everyone has bad breaks, but everyone also has opportunities. The person who can smile at his breaks and … [Read more...] about Reed Gottesman
ReD ReportRetail Summary: Third Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The retail market in northern Nevada has encountered ongoing obstacles in terms of development, such as elevated construction expenses and the imperative to address escalating inflation. Nevertheless, there are several new projects advancing. Both regional and national tenants have shown sustained interest in our … [Read more...] about ReD Report
Business IndicatorsJanuary 2024
The second estimate of U.S. real gross domestic product (GDP) for 2023Q3 expanded at an annual rate of 5.2 percent, revised up by 0.3 percentage points compared to the advance estimate. The remarkable increase in real GDP mainly reflected strong consumer spending, as well as increased activity in business investment especially in inventory investment driven by expanding … [Read more...] about Business Indicators
The Last WordWhat are Your Professional Goals for 2024?
Scott Arkills President and CEO Silver State Schools Credit Union “By prioritizing people over profit, we will help our member-owners, their families, and the surrounding communities achieve financial wellness through financial literacy, innovation, and technology so they can bank when and how they want.” Denette Suddeth Regional President and Head of Commercial … [Read more...] about The Last Word
Most Respected Leaders 2023
“Knowledge will give you power, but character respect.” —Bruce Lee True respect, the kind that good leaders garner, isn’t freely given. This type of respect is earned through a million small decisions that are witnessed by peers and the quiet leadership that builds successes. The 2023 Class of Most Respected Leaders (MRL) have earned this respect. Their … [Read more...] about Most Respected Leaders 2023
Industry FocusAttorneys
The legal industry, like law itself, faces complex challenges. From advanced technology affecting legal issues and the way attorneys conduct business to a complete culture shift in the industry itself, the legal industry is navigating difficult waters. Recently, a group of attorneys met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss … [Read more...] about Industry Focus
Taylor Adams
CEO Economic Development Authority of Western Nevada (EDAWN) Type of Business: Regional Development Authority Based: Reno Hails from: Columbus, Mississipi Years Org. has been in Nevada: 40 Months with Organization in Nevada: 6 Employees in NV: 15 What is your professional background? I started my career in banking/finance and then in the insurance business, … [Read more...] about Taylor Adams
Around the StateDecember 2023
UNR Receives Largest Individual Gift in History to Create Aerospace Department The University of Nevada, Reno (UNR) recently announced a record $36 million individual gift to the University’s Foundation from the George W. Gillemot Foundation. Upon approval from the Nevada System of Higher Education Board of Regents the gift will be used to create the George W. Gillemot … [Read more...] about Around the State