Executive Chairman Eureka Casino Resort Type of Business: Casino Hotel Resort Based in: Mesquite, NV Hails from: San Francisco, CA Years Org. has been in Nevada: 30 Years with Organization in Nevada: 30 Employees in NV: 400 How did you get into your profession? I started working for my family in their real estate business in Las Vegas and San Francisco … [Read more...] about Gregory Lee
Departments
ReD ReportOffice Summary: First Quarter 2024
Northern Nevada By Jordan Lehman, Colliers Reno Reno’s office market experienced robust tenant demand, recovering sales activity, and a slight uptick in available sublease space. Net absorption nearly reached 102,000 square feet this quarter, which was the largest total in the last four and a half years. Office sales totaled $38.1 million in the first quarter after a very … [Read more...] about ReD Report
Business IndicatorsJune 2024
The first quarter estimate for the U.S. gross domestic product (GDP) for 2024Q1 increased at an annual rate of 1.6 percent. Although the growth rate was somewhat disappointing, the breakdown of the components suggests a robust economy with strong consumer spending. A surge in imports and reduced business inventories negatively contributed to real GDP growth. Increased imports … [Read more...] about Business Indicators
The Last WordWhat Advice Do You Have for High School Seniors?
Lindsay Minor Chief Marketing Officer LP Insurance “To be someone you are not is to waste the person you are, so be your authentic self and enjoy the journey. Failures are lessons learned and successes should always be celebrated.” Vince Medina Founding Principal ThrivePoint Academy of Nevada “You can make mistakes in life. If you're not, then you are not putting … [Read more...] about The Last Word
Las Vegas’ New Wave of Professional Sports Teams Positively Impact All Levels of Local Athletics
It’s no secret that Las Vegas’ recent influx of professional sports teams making their way to the Silver State is affecting many different industries, and youth sports is definitely one of them. c and more have all helped bring a new economic vitality to our market. Businesses and organizations have felt the shift that comes with having professional sports become a part of the … [Read more...] about Las Vegas’ New Wave of Professional Sports Teams Positively Impact All Levels of Local Athletics
Politicians & Bureaucrats Have Public Budgets Backwards
Politicians, bureaucrats, public-employee unions and special interests have public budgeting backwards. They draw up wish lists of spending, add them up and then see how much they get to (er, “have to”) raise taxes. What they should do is reasonably project how much resources government agencies will have under current revenue laws, allocate those resources according to public … [Read more...] about Politicians & Bureaucrats Have Public Budgets Backwards
Adam Kiefer
Founder Talage Type of Business: Insurance Technology Based in: Reno Hails from: Northern California Years Org. has been in Nevada: 8 Years with Organization in Nevada: 2 Employees in NV: 14 How did you get into your profession? I played football for the University of Nevada and, following our championship 2005 season, I tried to play in the NFL, but was … [Read more...] about Adam Kiefer
Around the StateMay 2024
Advanced Manufacturing Technology Center Launched Panasonic Energy, in partnership with Truckee Meadows Community College (TMCC), has launched the Advanced Manufacturing Technology Center in Reno. The center aims to foster innovation and education in manufacturing with a commitment toward advancing STEM education and technology. Outfitted with state-of-the-art equipment, the … [Read more...] about Around the State
Business IndicatorsMay 2024
The third estimate of U.S. real gross domestic product (GDP) for 2023Q4 posted an annual growth rate of 3.4 percent. The increase primarily reflects a substantial increase in consumer and government (both local and state) spending. Residential fixed investment and private inventory investment, however, saw a noticeable decrease. Nevertheless, the higher growth was primarily … [Read more...] about Business Indicators
ReD ReportIndustrial Summary First Quarter 2024
Northern Nevada By Angel Orozco, CBRE The Reno industrial market was comprised of approximately 114 million sq. ft. at the close of Q1 2024. There was over 2.7 million sq. ft. of new product delivered to the market in Q1 2024. The construction pipeline had over 960,000 sq. ft. underway with another 17.3 million sq. ft. in various planning stages. The overall average asking … [Read more...] about ReD Report
Last WordWhat Method Do You Prefer to Receive Your News?
Chad Brown Chief Marketing Officer PrairieFire Nevada “I prefer my news online via the iPhone News widget for its accessibility, automatic updates and customization options for preferred sources and topics.” Meghan McLean Partner Advisory Practice BPM “Online and social media - I can sort and select news based on the information I need and want when I want. I can … [Read more...] about Last Word
Free Market WatchOne Big Nail in Coffin of Federal Administrative State
Last time, this column reviewed a United States Supreme Court case, Jarkesy, that may end the power of regulatory agencies to act as both prosecutors and judges in matters under their jurisdiction. Since this is a common feature of regulation, a ruling by the court in favor plaintiff Jarkesy – which seems likely – would require extensive reform of regulations in at least 30 … [Read more...] about Free Market Watch
Byron Brooks
Regent, Former Board of Regents Chair Nevada State Higher Education (NSHE) Type of Business: Higher Education Based in: Nevada Hails from: Las Vegas Years Org.has been in Nevada: 160 Years with Organizationin Nevada: 2 Employees in NV: 14k+ How Did You Get into Your Profession? After my military service and collegiate studies, I was recruited by a private agency … [Read more...] about Byron Brooks
ReD ReportRetail Summary: Fourth Quarter 2023
Northern Nevada By Gary Tremaine, Dickson Commercial Group The retail market in Washoe County continued to have a strong quarter, with over $93,653,731 in transaction volume. Q4 was highlighted with one large sale of $13,750,000, two sales over $9 million and an average sale price of $3,746,149. There is a continued interest in northern Nevada by both regional and national … [Read more...] about ReD Report
Business IndicatorsApril 2024
The second estimate of U.S. real gross domestic product (GDP) for 2023Q4 expanded at an annual rate of 3.2 percent, revised downward by 0.1 percent from the advance estimate. The downward revision reflected decreased private inventory investment, which was partly offset by increased state and local government and consumer spending. Overall, the robust growth was mainly driven … [Read more...] about Business Indicators