Northern Nevada By Dickson Commercial Group The fourth quarter posted the highest dollar volume by almost two times for the year with $87.14 million in sales volume over 22 transactions. Both were highs for the 2019 quarter by quarter. The most notable sale was the 10 building Sparks Galleria disposition, which accounted for roughly half of the quarter’s volume. The … [Read more...] about Commercial RE Report
Monthly Editorial Departments
Business IndicatorsApril 2020
The “second” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2019 matched the “advance” estimate, growing at a robust 2.1 percent annualized rate. According to more complete source data, private inventory investment was revised upward, which was offset by a downward revision of nonresidential fixed investment. Overall, consumer and government … [Read more...] about Business Indicators
The Highest Sales Tax in the Nation Won’t Fix Nevada Education
Nevadans deserve an education system that actually works, not merely one that costs more money. Nevada already spends roughly $10,200 per student, an amount comparable to numerous states (and nations) that outperform us academically on a regular basis. And yet, the Clark County Education Association (CCEA) is convinced that a simple billion-dollar tax hike will, somehow, fix … [Read more...] about The Highest Sales Tax in the Nation Won’t Fix Nevada Education
Around the StateMarch 2020
Cure 4 the Kids and CCSD Debut Education Center The Cure 4 the Kids Foundation and the Clark County School District (CCSD) have partnered to open an education center. The center will help childhood cancer patients and others with catastrophic conditions maintain their educational progress during extended medical treatments. The center will be located in the same building as … [Read more...] about Around the State
Commercial RE ReportOffice Summary: Fourth Quarter 2019
Northern Nevada By Colliers International | Reno Office vacancy continued to decrease in Reno/Sparks, dropping to a very healthy 10.1 percent in the fourth quarter of 2019, down from 11.8 percent in the fourth quarter of 2018. After a sharp increase in vacancy in the first quarter of 2019, when it reached 13.1 percent, vacancy fell in every quarter thereafter. There … [Read more...] about Commercial RE Report
Business IndicatorsMarch 2020
The “advance” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2019 grew at an annual rate of 2.1 percent for the second consecutive quarter. As a result, the U.S. economy expanded by 2.3 percent in 2019. Despite slowed consumer spending, the U.S. economy expanded, boosted by net exports, which rebounded strongly after two consecutive quarters of … [Read more...] about Business Indicators
The War on the ‘Gig’ Economy is Bad News for Workers
From minimum wage to mandatory paid leave, politicians are making it increasingly more expensive for many companies to hire workers. California’s recent attack on the “gig” economy is a perfect illustration of this kind of ostensibly “pro-worker” regulation that actually ends up hurting the very working-class people it is, ostensibly, supposed to help. And Nevadans should … [Read more...] about The War on the ‘Gig’ Economy is Bad News for Workers
Commercial RE ReportIndustrial Summary: Fourth Quarter 2019
Northern Nevada By CBRE Reno The industrial market continues to exhibit robust demand, finishing the year with 2.5 million square feet of net absorption, bringing the year-end total to 3.7 million square feet. This was the seventh consecutive year where occupancy gains exceeded 3.5 million square feet. Overall, tenant demand remained diverse over the course of 2019 … [Read more...] about Commercial RE Report
Business IndicatorsFebruary 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2019 grew at an annual rate of 2.1 percent. Overall, strong consumer spending primarily drove real GDP growth in the third quarter, and weaker business investment and imports slowed real GDP growth. U.S. nonfarm employment added a less-than-expected 145,000 jobs in December. The employment … [Read more...] about Business Indicators
Around the StateJanuary 2020
Businesses Grow in Southern Nevada Several new companies have opened and expanded in southern Nevada. Included in those is Farmtable Kitchen + Spirits in Town Square Las Vegas, a family-owned southern cuisine scratch kitchen restaurant concept. In addition, Smithfield Foods has added 61 jobs, Xtreme Manufacturing has added 60 jobs, Premier Display & Exhibits has added 51 … [Read more...] about Around the State
The Twenties are Already Amazing, and No One is Noticing
The roaring twenties are upon us — and no one seems to notice just how amazing the world actually is. By virtually every metric, the human condition is better today than ever before. In America, and across the world, we’re living longer, healthier and more prosperous lives. In fact, for the first time in recorded human history, the majority of people on this planet are … [Read more...] about The Twenties are Already Amazing, and No One is Noticing
Commercial RE ReportRetail Summary: Third Quarter 2019
Northern Nevada By Dickson Commercial Group Investment activity slowed slightly in Q3, with over $34 million in volume over 19 transactions, down from $55 million in Q2. The quarter simply lacked any major shopping center deals, as most were pushed into the early part of Q4. The largest leasing transaction this quarter was for Action Home Appliance & TVs. … [Read more...] about Commercial RE Report
Business IndicatorsJanuary 2020
The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2019 expanded at a 2.1 percent annualized rate, revised up by 0.2 percent from the advance estimate of 1.9 percent. The upward revisions reflected less negative business investment, including inventory investment and more positive consumer spending than previously thought, which were partly … [Read more...] about Business Indicators
We’re Always Taxing ‘Someone Else’
It’s always easier to spend someone else’s money—and voters are often eager to believe politicians when they promise to do just that. That’s probably why Donald Trump’s promise to make Mexico pay for a border wall resonated with his base. Certainly, it’s why Democrats have stuck to class warfare talking points, telling voters a tax on Jeff Bezos will somehow pay for a … [Read more...] about We’re Always Taxing ‘Someone Else’
Around the StateDecember 2019
UNLV School of Medicine Achieves Accreditation Milestone The UNLV School of Medicine (SOM) has been granted provisional accreditation by the Liaison Committee on Medical Education (LCME). The school is on track for full accreditation by 2021 or 2022. The LCME is the accrediting body for schools of medicine in the US and Canada. The school earned preliminary accreditation in … [Read more...] about Around the State