Northern Nevada By Dickson Commercial Group Retail had its second slow quarter in a row with only 11 total sales. The third quarter sales volume came in at $10,303,027. In comparison, Q1 2020 had a total sales volume of roughly $42 million and there was just over $48 million per quarter throughout 2019. The average price per square foot was $331.26. The social … [Read more...] about Commercial RE Report
Departments
Business IndicatorsJanuary 2021
The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2020 grew 33.1 percent at an annual rate, unchanged from the previous estimate. Although the rate of the growth remained the same, revisions occurred for several components. That is, upward revisions to non-residential fixed investment and residential investment were offset by downward … [Read more...] about Business Indicators
Last WordWhat are your Hopes for the New Year?
Uri Vaknin PrincipalKRE Capital LLC President, Board of TrusteesNeon Museum Vice-ChairDowntown Vegas Alliance “The value of the arts cannot be overstated as we navigate COVID-19 recovery. We must pledge to ensure the survival of arts and cultural institutions that unite us, feed our souls and sing to our hearts.” Marie Baxter CEOCatholic Charities of … [Read more...] about Last Word
The Future Belongs to the Entrepreneurs
Thanks to the rise of the “gig economy” and a growing disinterest among young workers for the traditional nine-to-five day job, the way Americans think about work was evolving even before the chaos of the coronavirus shutdowns. The events of 2020, and the massive economic disruptions it has brought, has only further accelerated this trend—which could actually be good news for … [Read more...] about The Future Belongs to the Entrepreneurs
Renee Hanson
CEOVertical Athletics Type of Business: Athletics Accessories ManufacturerBased: Gardenville, NVHails From: Grosse Pointe, MI Years Co. has been in Nevada: 11Years with Company in Nevada: 12Employees with Company: 06 Who in your Life has been Instrumental to your Success? Alissa Nourse has been a mentor for the past seven years and has recently stepped in as our … [Read more...] about Renee Hanson
Around the StateDecember 2020
Unclaimed Property Returned to Nevadans The Nevada State Treasurer’s office has announced $28.5 million in unclaimed property has been returned to Nevadans during the COVID-19 pandemic. In the early weeks of the pandemic, the Treasurer’s office worked with the Department of Employment, Training and Rehabilitation (DETR) to develop a program designed to connect individuals … [Read more...] about Around the State
Cyber SecurityKeeping Your Business Safe
An issue that will only become more prevalent moving into the future, cybersecurity is something that affects everyone. From the grandfather that sends his social security check to a “prince” in Nigeria, to the CEO who finds her proprietary data held hostage by a cyber thief, no one is immune to online threats and scams. Business owners need to be especially careful as they … [Read more...] about Cyber Security
Commercial RE ReportOffice Summary: Third Quarter 2020
Northern Nevada By Colliers | Reno Reno/Sparks saw office vacancy increase in the third quarter of 2020 to 10.8 percent as net absorption turned negative. There were no new completions of office space during the quarter. The average asking rate for office space increased slightly, to $1.84 per square foot (PSF) on a full-service gross (FSG) basis from $1.83 in the second … [Read more...] about Commercial RE Report
Business IndicatorsDecember 2020
The “advance” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2020 jumped by a best-ever 33.1 percent at an annual rate, after a worst-ever decline of 31.4 percent in the previous quarter. U.S. nonfarm employment experienced a stronger-than-expected gain, adding 638,000 jobs in October. Retail sales in September rose robustly by 5.4 percent from last … [Read more...] about Business Indicators
Last WordHow Have you Adjusted your Holiday Traditions in Light of the Pandemic?
Tennille Pereira DirectorVegas Strong Resiliency Center “Decorating early and focusing on all I have to be thankful for will be a welcome change. Holiday shopping will be exclusively online, and I will finally get to impress with my COVID baking skills.” Deacon Tom Roberts President and CEOCatholic Charities of Southern Nevada “This year we’ve had to shift … [Read more...] about Last Word
The Election Won’t Fix What’s Wrong with 2020
Mercifully, 2020 will soon be over. Given the way this year has been a non-stop exhibition of cultural, social and political crises, it’s tempting to think that maybe after the election things will begin to calm down. It’s a nice thought… but it’s one that is largely divorced from reality. The truth is, from the coronavirus to the social unrest we’ve seen in 2020, the … [Read more...] about The Election Won’t Fix What’s Wrong with 2020
Christopher Crooks
Senior Managing Director and Market Leader, Las VegasNewmark Type of Business: Commercial Real Estate Brokerage FirmBased In: Las Vegas, NVHails From: East Hardford, CT Years Co. has been in Nevada: 20Years with Company in Nevada: 02Employees with Company: 18k What was your first job? My first job was selling copiers; the position taught me that a strong work ethic … [Read more...] about Christopher Crooks
Who to Hire in the COVID Era
It is clear that the hiring landscape has shifted immensely in a matter of months. According to data from the Pew Research Center, the rise in the number of unemployed workers due to COVID-19 is substantially greater than that of the Great Recession. As some businesses look to expand and others simply attempt to rebuild their workforce, employers may find the inflated hiring … [Read more...] about Who to Hire in the COVID Era
Commercial RE ReportIndustrial Summary: Third Quarter 2020
Northern Nevada By CBRE Reno The northern Nevada industrial market has been resilient in the wake of the COVID-19 pandemic as market fundamentals remained strong in Q3 2020. After impressive net absorption totals in the second quarter, Q3 posted healthy figures with 855,106 square feet of positive net absorption, pushing the year-to-date net absorption total past 3 … [Read more...] about Commercial RE Report
Business IndicatorsNovember 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plummeted 31.4 percent at an annual rate, slightly better than the second estimate of a 31.7 percent annual contraction. The small upward revision reflected a smaller decline in consumer spending, which was partly offset by larger-than-expected decrease in exports and nonresidential … [Read more...] about Business Indicators