E Sale, Industrial Address 4425 & 4405 E. Sahara Ave., 89104 Buyer CIP Real Estate Corporation Seller East Sahara SPE Details 72,042 SF; $6.8 million APN 161-08-101-001 Seller Rep Brian Riffel, SIOR and Tyler Jones of Colliers International Sale, Industrial Address 2729 N. Lamb Blvd., 89115 Buyer Beverage Excellence Seller MCA Lamb Details 6,347 SF; … [Read more...] about Red Report: October 2018
Monthly Editorial Departments
Business Indicators: October 2018
The “second” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2018 rose at an annual rate of 4.2 percent, up by 0.1 percentage point from the prior estimate. The upward revision reflected larger-than-expected business investment, including inventory investment, which was partly offset by smaller-than-expected consumer spending. Real GDP posted the … [Read more...] about Business Indicators: October 2018
Around the State: September 2018
Back-to-School Spending Expected to Exceed $369 Million in Nevada According to the Retail Association of Nevada (RAN), back-to-school shoppers are expected to spend over $369 million on new clothes, backpacks and school supplies to gear up for the new academic year. With the school year starting last month in most Nevada schools, back-to-school shopping is second only to … [Read more...] about Around the State: September 2018
America’s ‘Socialist’ Generation Is More Capitalist Than It Thinks
Kids today ruin everything. Socialism, for example, just isn’t what it used to be. Of course, that’s not necessarily a bad thing. In fact, for advocates of the free market system, the evolving understanding of what it means to be a “socialist” in modern America isn’t nearly as dire as it sounds. The newly empowered generation of young Americans — millennials certainly … [Read more...] about America’s ‘Socialist’ Generation Is More Capitalist Than It Thinks
Office Summary Second Quarter 2018
Northern Nevada By Colliers Reno The Northern Nevada office market pulled ahead this quarter and 2018 is setting up to be a productive year. The market posted an increase in positive absorption to 63,786 square feet and the vacancy rate decreased to 11.7 percent from the 12.3 percent recorded in the first quarter of 2018. Office activity has been strong in the Reno market … [Read more...] about Office Summary Second Quarter 2018
Red Report: September 2018
E Sale, Retail Address 1935 N. Hollywood Blvd., 89156 Buyer TNG Investors Seller Palmer Company-Vacaville Details 7,360 SF; $2.3 million APN 140-22-715-006 Buyer Rep Phillip Dunning, CCIM of Colliers International Seller Rep Brian Fike of Colliers International Sale, Industrial Address 4460 E. Cheyenne Ave., 89115 Buyer Top Street Estate, Ben Hajdun Seller William … [Read more...] about Red Report: September 2018
Business Indicators: September 2018
The “advance” estimate for U.S. real gross domestic product (GDP) for the second quarter of 2018 expanded by a strong 4.1 percent annualized rate, the fastest pace in almost four years. Consumer spending, which accounts for two-thirds of real GDP, also grew strongly, which probably reflected somewhat the tax cut. U.S. nonfarm employment added a lower-than-expected 157,000 jobs … [Read more...] about Business Indicators: September 2018
Around the State: August 2018
First UNLV Innovation Building Breaks Ground Gardner Company, the University of Nevada, Las Vegas (UNLV) and the UNLV Research Foundation has begun construction on the first building of the UNLV Harry Reid Research and Technology Park. Part of a 122-acre, master planned campus, this first building will be four-stories and 110,000 square feet. This research, technology and … [Read more...] about Around the State: August 2018
Free Speech? Social Media and its Gatekeepers
What happens when the “public square” is guarded by gatekeepers eager to censor anything they view as inappropriate political speech? That’s a question many conservative and libertarian activists are now asking, as “progressive” social-media companies accelerate their crusade against anything that gets labeled as hate speech, online bullying and fake news. At its outset, … [Read more...] about Free Speech? Social Media and its Gatekeepers
Industrial Summary: Second Quarter 2018
Northern Nevada By CBRE Reno The Northern Nevada industrial market continues to demonstrate strength and resiliency. Despite a slow start to the year that recorded just over 70,000 square feet of net absorption, Q2 2018 leasing activity was robust with 1.8 million square feet of net absorption and 2.5 million square feet of gross absorption. The remainder of the year is … [Read more...] about Industrial Summary: Second Quarter 2018
Red Report: August 2018
E Sale, Office Address 302 & 304 Carson Ave., 89101 Buyer Drock 3rd Street LLC Seller Highbrook Investors Details 161,924 SF; $39.7 million APN 139-34-210-066 Seller Rep Kevin Shannon and Brunson Howard of Newmark Knight Frank Capital Markets Sale, Retail Address 1700 & 1710 Sahara Ave., 89104 Buyer Marks Garage One LLC Seller Jay Kim Details 35,440 SF; … [Read more...] about Red Report: August 2018
Business Indicators: August 2018
The “third” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2018 expanded at a 2.0 percent annualized rate, revised down from the second estimate of 2.2 percent. The downward revisions mainly reflected smaller-than-expected private inventory investment and personal consumption expenditure. U.S. nonfarm employment continued its surprising gain by … [Read more...] about Business Indicators: August 2018
America’s Revolution: It Wasn’t About a Tax or Tariff – It Was About Consent
The America Revolution was not about a tax or tariff. It was about the consent of the governed or, more precisely, the lack thereof. Many Americans today seem to chalk the revolution up to years of oppressive government from a tyrannical English king. Punitive and unfair taxes, human rights abuses and crippling tariffs — so the simple story goes — led oppressed colonists to … [Read more...] about America’s Revolution: It Wasn’t About a Tax or Tariff – It Was About Consent
Around the State: July 2018
UNLV Awarded Grant to Advance Personalized Medicine The University of Nevada, Las Vegas (UNLV) has been awarded an $11.4 million federal grant from the National Institutes of Health (NIH). The five-year grant will institute a program intended to grow human genetics research and related infrastructure as well as mentor early career professionals in the field. This is the first … [Read more...] about Around the State: July 2018
Retail Summary: First Quarter 2018
Northern Nevada By NAI Alliance The Reno/Sparks retail market saw continued improvements in the first quarter of 2018. The total gross absorption was 141,799 square feet during the quarter with 31 tenants opening stores. The largest tenant opening was the 40,000 square foot Burlington in the Legends Center. Net absorption was a healthy 95,159 square feet. The overall … [Read more...] about Retail Summary: First Quarter 2018