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
Monthly Editorial Departments
Business IndicatorsJanuary 2019
The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2018 increased at an annual rate of 3.5 percent. Based on more complete data compared to last month, business investment, including inventory investment, was revised upward, which was offset by smaller estimates of consumer and state and local government spending growth. The overall picture … [Read more...] about Business Indicators
Putting Politics Aside, There Could Be a Couple Major Wins in 2019
Policy, not politics, is what will really matter in Nevada’s 2019 legislative session. Of course, it’s easy to get caught up in the political, rather than the policy world. After all, elections have consequences, and it’s often hard to get past the headlines pitting Republicans and Democrats against each other. Likewise, politics too often drive policy. After all, last … [Read more...] about Putting Politics Aside, There Could Be a Couple Major Wins in 2019
Around the State: December 2018
First Tissue Processing Facility in Nevada Opens Origin Biologics, the first-of-its-kind tissue processing facility in Nevada opened last month. A partnered venture between Nevada Donor Network and Australian Biotechnologies, Origin Biologics honors tissue donors while also providing tissue processing expertise in one place. The facility is 22,000 square feet, located less … [Read more...] about Around the State: December 2018
Office Summary: Third Quarter 2018
Northern Nevada By Colliers Reno The Northern Nevada market continues to post strong figures with vacancy dropping and increasing positive net absorption for another quarter. The vacancy rate is down to 11 percent from 11.5 percent the prior quarter. Due to large leases in the third quarter, there was 35,382 square feet of positive net absorption. All in all, the Reno … [Read more...] about Office Summary: Third Quarter 2018
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
Business Indicators: December 2018
The “first” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2018 increased at an annual rate of 3.5 percent, a 0.7 percentage point drop from the “final” estimate of the second quarter, yet a faster-than-expected growth rate for the third quarter. Overall, positive contributions from personal consumption spending, private inventory investment, … [Read more...] about Business Indicators: December 2018
Nevada’s Public Records Law Needs Teeth
Transparency is an essential part of a representative government; without it, some would rule while others would simply be ruled over. This is why the federal government and every state in the nation has passed laws that explicitly address the public’s right to access government records and information. For more than 100 years, Nevada has had some form of public records law … [Read more...] about Nevada’s Public Records Law Needs Teeth
Around the State: November 2018
CSN Receives STEM Education Grant The College of Southern Nevada (CSN) recently announced that the Governor’s Office of Science, Innovation and Technology has awarded the college $1 million to help strengthen STEM education in under-represented student populations. The grant will be used to fund the development of initiatives that seek to increase the number of … [Read more...] about Around the State: November 2018
Industrial Summary: Third Quarter 2018
Northern Nevada By CBRE Reno The Northern Nevada industrial market ended Q3 2018 much as it began – a competitive, demand-heavy market with active pre-leasing and rising base rents. As a result, the quarter recorded 2.1 million square feet of net absorption and 2.4 million square feet of gross absorption. While the market is attractive to occupiers of varying sizes and … [Read more...] about Industrial Summary: Third Quarter 2018
Red Report: November 2018
BC Sale, Retail Address 1410 Boulder City Pkwy., 89005 Buyer 1410 Boulder City Highway Seller AP Holdings & Thespy Details 2,640 SF, $750,000 APN 186-08-310-003 Seller Rep Cathy Jones and Paul Miachika of Sun Commercial Real Estate, Inc. ESale, Retail Sale, Office Address 229 S. Las Vegas Blvd., 89101 Buyer Green Unicorn Seller Nemo, Inc. Details 8,250 SF, … [Read more...] about Red Report: November 2018
Business Indicators: November 2018
The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2018 increased at an annual rate of 4.2 percent, which remained unchanged from the “second” estimate. The overall picture of GDP growth did not change based on more complete data except that lower-than-expected private inventory investment was offset by small upward movements from most … [Read more...] about Business Indicators: November 2018
Big Government’s Largest Cheerleader Is Itself
Let’s be honest: Both major political parties seem to be fans of growing government. Politicians, however seem to know that most voters aren’t quite as anxious to hike taxes or increase spending. After all, hopeful lawmakers continually promise to make government leaner, trim excess and curb waste in the public sector — and politicians are masters of telling voters what they … [Read more...] about Big Government’s Largest Cheerleader Is Itself
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