The “second” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 rose at an annual rate of 2.5 percent, down slightly from the previous estimate of 2.6 percent. The revision reflected a smaller private inventory investment than previously reported. Consumer spending accelerated to the fastest pace in a year, and business investment, residential … [Read more...] about Business Indicators: April 2018
Monthly Editorial Departments
Retail Summary: Fourth Quarter 2017
Northern Nevada by NAI Alliance The Reno/Sparks retail market saw mixed results in the fourth quarter of 2017. The total gross absorption was 51,733 square feet during the quarter with 28 tenants opening stores. The largest tenant opening was the 7,000 square foot Verity Fitness in the Northtowne Marketplace near Winco. There was a negative net absorption of 73,122 … [Read more...] about Retail Summary: Fourth Quarter 2017
Around the State: March 2018
Nathan Adelson Hospice Acquires Kindred Hospice Nathan Adelson Hospice, the largest non-profit hospice in Nevada, has acquired Kindred Hospice in Southern Nevada. Nathan Adelson currently treats 400 hospice and palliative care patients each day and has been in business since 1978. Leadership at the non-profit expects the acquisition to strengthen its position in the post-acute … [Read more...] about Around the State: March 2018
The Doublethink of Modern Politics
In George Orwell’s dystopian novel, 1984, he introduced his readers to the concept of “doublethink” — the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them. Orwell concisely illustrated the concept with his fictional government’s contradictory slogan for the people: “War is peace. Freedom is slavery. Ignorance is … [Read more...] about The Doublethink of Modern Politics
Office Summary: Fourth Quarter 2017
Northern Nevada By Colliers Reno The Reno office market finished 2017 strong with 61,734 square feet of positive net absorption year-to-date, despite the slight decrease in the fourth quarter with negative 17,608 square feet. The South Meadows submarket finished the year with positive 47,549 square feet of absorption, making it the top submarket in the area. In terms of … [Read more...] about Office Summary: Fourth Quarter 2017
Red Report: March 2018
E Sale, Industrial Address 5450 Stephanie St., 89122 Buyer Stephanie Industrial Park Seller NGP Stephanie Property Details: 206,474 SF; $905,000 APN 161-27-314-003 Seller Rep Dean Willmore, SIOR of Colliers International Sale, Multi-Family Address 4801 E Sahara Ave., 89104 Buyer 29SC Sahara LP Seller Prime Residential Details: 312 Units; $74,679 per unit APN … [Read more...] about Red Report: March 2018
Business Indicators: March 2018
The “advance” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 increased at an annual rate of 2.6 percent after two consecutive quarters of above 3 percent growth. Average hourly earnings growth accelerated to 2.9 percent year-over year, its largest gain since the Great Recession thanks to a tightening labor market. Retail sales posted strong … [Read more...] about Business Indicators: March 2018
The ‘End of the World’ Comes with a Bump in Pay
One wouldn’t know it listening to many media loudmouths, but the recently passed GOP tax reform bill is producing results that should earn the applause of “progressives.” Unfortunately, as is now par for the course, political tribalism — not legitimate policy concerns — has encouraged the political left to protest a tax plan that’s poised to benefit every income bracket and … [Read more...] about The ‘End of the World’ Comes with a Bump in Pay
Around the State: February 2018
Public Meeting Launched to Address Underperforming Education System In what is expected to be the first of several meetings, Treasurer Dan Schwartz has called for a public meeting to receive input on the draft of a bill targeted at Nevada’s beleaguered K-12 education system. The treasurer hopes to draft a bill for the 2019 legislation that will address educational choice … [Read more...] about Around the State: February 2018
Industrial Summary: Fourth Quarter 2017
Northern Nevada By CBRE Reno The Northern Nevada industrial real estate market showed strong performance in Q4 2017. With approximately 1.4 million square feet of positive net absorption recorded this quarter, the region’s 2017 positive absorption total grew to 3.9 million square feet. The completion of two new Class A speculative projects in Q4 added much-needed space to … [Read more...] about Industrial Summary: Fourth Quarter 2017
Red Report: February 2018
E Sale, Industrial ADDRESS 4620 Calimesa St., 89115 BUYER Bacio SELLER NLV Sagebrush DETAILS 22,750 SF; $2,661,750 APN 140-05-112-001 SELLER REPS Dan Doherty, SIOR and Paul Sweetland, SIOR of Colliers International Sale, Industrial ADDRESS 2782 Abels Ln., 89115 BUYER Aaron David Industrial SELLER Baldwin Holdings DETAILS 9,960 SF; $812,000 APN … [Read more...] about Red Report: February 2018
Business Indicators: February 2018
The “third” estimate for U.S. real gross domestic product (GDP) for the third quarter of 2017 grew strongly at a 3.2 percent annualized rate, revised down by 0.1 percent from the second estimate of 3.3 percent. The downward revision of 0.1 percent from the second estimate reflected less-than-expected consumer spending, which more than offset the larger-than-expected increase in … [Read more...] about Business Indicators: February 2018
Around the State: January 2018
UnitedHealth Buys DaVita’s Primary and Urgent Care United Health Group, Inc., the largest health insurer in the United States, has announced the purchase of DaVita Inc.’s primary and urgent care services for $4.9 billion. DaVita operates medical groups in six states, including Nevada, and serves 1.7 million patients through approximately 300 clinics. In addition, the purchase … [Read more...] about Around the State: January 2018
Where’s the ‘Progressive’ Outrage over Government’s Failures?
Fifty-four years ago this month, President Lyndon B. Johnson announced the beginning of what would turn out to be America’s longest running war: the “War on Poverty.” “This administration today, here and now, declares unconditional war on poverty in America,” boomed Johnson, basking in the applause the grand declaration guaranteed him during his State of the Union … [Read more...] about Where’s the ‘Progressive’ Outrage over Government’s Failures?
Red Report: January 2018
BC Loan, Multi-Family ADDRESS 1307 Darlene Way, 891 Del Sol Dr. & 874 Del Rey Dr., 89005 LOAN OFFICER Ory Schwartz of NorthMarq Capital DETAILS NorthMarq Capital arranged acquisition financing of $6,036,000 for three multi-family properties in Boulder City. The transaction was structured with a 10-year term on a 30-year amortization schedule. E Sale, Office ADDRESS … [Read more...] about Red Report: January 2018