Northern Nevada By Jordan Lehman, Colliers | Reno Northern Nevada’s office market saw strong tenant demand, recovering sale volumes and swelling sublease availability in Q3 2022. After five consecutive quarters of positive demand, third quarter net absorption of 54,700 square feet pushed annual net absorption to nearly 100,000 square feet. Investment activity rebounded … [Read more...] about Commercial RE Report
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Business IndicatorsDecember 2022
The third estimate of U.S. real gross domestic product (GDP) for the third quarter of 2022 rebounded, increasing 2.6 percent at an annual rate, after two consecutive quarters of declines. The robust rebound was largely due to unsustainably strong net exports. Consumer spending on services and government spending also contributed positively to the real GDP growth. Business … [Read more...] about Business Indicators
Last WordWhat is the greatest gift you have ever received?
Donna Marcou Business Development DirectorTravelzoo “The best gift I ever received was to have the last two and a half years with my dear mama, Mimi, my bestie. She shared the wisdom of her years and life through her jokes, stories, her little dimple smile, beauty, courage, strength and was so very brave. I am forever grateful for her and the lessons she taught … [Read more...] about Last Word
Robert Finnegan
President/OwnerFEA Consulting Engineers Type of Business: Engineering firmBased In: Las Vegas, NVHails From: Las Vegas, NV Years Org. has been in Nevada: 32Years w/Organization in Nevada: 32Employees in Nevada: 45 How did you get into your profession? I wanted to be an architect, but realized I had more mathematical than artistic abilities. Who has been … [Read more...] about Robert Finnegan
Free Market WatchNevada Ranks Where in K-12 Education?
Nevadans hear regularly that we’re 49th or 50th among the states in K-12 education. Critics and reformers say so to support their policy proposals. Apologists and “educrats” say it to support more funding for public schools. The good news is the narrative that education in Nevada is last or nearly-last is false. Things are not great, but not nearly as dire as partisans … [Read more...] about Free Market Watch
Around the StateNovember 2022
Uprise Fiber Awarded USDA Grant to Build Fiber Network in Pershing County Reno-based independent fiber internet service provider (ISP), Uprise Fiber has been awarded a $27.1 million grant through the federal ReConnect Loan and Grant Program from the United States Department of Agriculture (USDA). The grant will be used to build a Fiber-to-the-Premise network in Pershing … [Read more...] about Around the State
Commercial RE ReportIndustrial Summary Third Quarter 2022
Northern Nevada By Angel Orozco, CBRE | Reno The Reno Industrial market finished the quarter with strong market fundamentals, posting the twelfth consecutive quarter of positive net absorption. Record low vacancy and availability rates have driven tenants to prelease under construction and planned projects. Average asking lease rates increased 50 percent year-over-year, … [Read more...] about Commercial RE Report
Business IndicatorsNovember 2022
The third estimate of U.S. real gross domestic product (GDP) for the second quarter of 2022 remained down by 0.6 percent at an annual rate, unchanged from the second estimate. Overall, the decrease in real GDP in the second quarter largely reflected reduced private inventory investment and residential fixed investment, which was partly offset by increased consumer spending on … [Read more...] about Business Indicators
Last WordWhat Are You Thankful For?
Tonya Wagle Vice President of Business DevelopmentFirst Savings Bank “I am grateful for my wonderful family, friends, clients, and colleagues, both past and present. I would be lost without them during this past year. Life is short. Things can be replaced but people cannot.” Julia Franks Chief Strategy OfficerJewish Nevada “That every day I get to do … [Read more...] about Last Word
Christopher Lovett
President(R)evolution Engineering Type of Business: Mechanical, Electrical, and Plumbing EngineeringBased In: Las Vegas, NVHails From: Las Vegas, NV Years Org. has been in Nevada: 05Years w/Organization in Nevada: 05Employees in Nevada: 16 How did you get into your profession? During my junior year at UNLV, I found an internship with an electrical engineering … [Read more...] about Christopher Lovett
Expert AdviceQuiet Quitting: 5 Ways To Keep Employees Engaged
Is “quiet quitting” a passing trend or an alarming sign of disengagement at work? Referring to the practice of doing the bare minimum at work to get by, quiet quitting involves limiting working hours and consistently prioritizing personal life over work. TikTok may have popularized the term, but evidence suggests that the trend is nothing new. In June, Gallup found that only … [Read more...] about Expert Advice
Around the StateOctober 2022
Nevada Small Business Development Center Releases Survey of Small Business Challenges The Nevada Small Business Development Center (SBDC) released the 2022 Small Businesses Challenges survey. The survey showed that, of the 225 respondents looking to start a small business or scalable startup, 58 percent claimed that securing financing is one of the top three challenges they … [Read more...] about Around the State
Commercial RE ReportRetail Summary: Second Quarter 2022
Northern Nevada By Gary Tremaine & Amanda Brierton, Dickson Commercial Although the second quarter saw a considerable decrease overall in commercial sales, retail numbers increased in volume by almost $55 million. There were 20 total sale transactions in Q2 2022, totaling $97,968,389 in volume, the second highest quarter in the last few years. The Iron Horse shopping … [Read more...] about Commercial RE Report
Business IndicatorsOctober 2022
The second estimate of U.S. real gross domestic product (GDP) for the second quarter of 2022 continued to shrink for the second straight quarter, down by 0.6 percent at an annual rate. This represents a 0.3 percentage point slower decline from the previous “advance” estimate, due to upward revisions to consumer spending and private inventories. Despite the revision, decreases … [Read more...] about Business Indicators
Last WordWhat question do you wish potential clients would ask?
Josh Abelson Co-Owner and General ManagerThe Industrial Event Space in Las Vegas “What makes you different from your competition?” Kurt Ouchida President & Co-FounderBraintrust “‘What is your company’s culture?’ In the nearly 20 years we’ve been developing marketing programs, our culture - one built upon respect, diversity, collaboration, … [Read more...] about Last Word