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
Departments
Retail Summary: Third Quarter 2017
Northern Nevada By NAI Alliance The Reno/Sparks retail market saw continued improvement in the third quarter. Two anchor tenants opened stores in the market this quarter. Grocery Outlet opened their fourth location in the Spanish Springs Shopping Center in a portion of the former Scolari’s grocery store site. Sprouts opened their first local store along with Starbuck’s in … [Read more...] about Retail Summary: Third Quarter 2017
Business Indicators: January 2018
The “second” estimate for U.S. real gross domestic product (GDP) for the third quarter of 2017 posted the strongest growth in three years, expanding at a 3.3 percent annualized rate. The upward revision of 0.3 percent from the first estimate of 3.0 percent reflected stronger-than-expected business investment, especially inventories. A smaller loss in state and local government … [Read more...] about Business Indicators: January 2018
What Is on Your “Bucket List” to Accomplish in 2018?
“To share the lessons of hope, resilience, and renewal I saw time and again in hard-hit Nevada communities in 2017 with all communities around the state in 2018.” Caleb S. Cage | Chief, Nevada Division of Emergency Management “Professionally I’m excited to watch Nevada continue to grow in 2018 and look forward to counting the construction cranes. Personally, I’m most excited … [Read more...] about What Is on Your “Bucket List” to Accomplish in 2018?
Welcome to Nevada: December 2017
Broker Genius Looking to expand coverage to include west coast hours of operation, Broker Genius recently opened a new satellite office in Reno. The company, based in Valley Stream, NY, specializes in software technology and automated ticket pricing. The technology utilizes real-time market data to automatically price event tickets to help its customers earn additional gross … [Read more...] about Welcome to Nevada: December 2017
Around the State: December 2017
Hometown Health Expands to Southern Nevada A non-profit health insurance company, Hometown Health has expanded its presence in Southern Nevada. The company has been in Northern Nevada since 1988 and targets individuals, families and employer groups with 50 or less employees. Self-Driving, Public Shuttle Launched in Downtown Las Vegas AAA has launched the nation’s first … [Read more...] about Around the State: December 2017
Time for an Upgrade: Automation and Technology in Manufacturing
Technology and automation are changing the face of the modern factory worker. Robots and artificial intelligence are replacing the repetitive movement jobs that have been increasingly hard to fill for employers in the state. The modern factory environment demands a more tech-savvy workforce that is expected to adapt quickly to the constant evolution and staggering capital … [Read more...] about Time for an Upgrade: Automation and Technology in Manufacturing
Political Contempt is Chilling Free Speech
Americans still largely believe in the right to free speech — but they are simultaneously less likely to exercise it than they have been in the past. And it’s not hard to see why. According to a recent Cato survey on the topic, nearly three-fourths of Americans say that “political correctness” has significantly silenced political speech on important issues. A quick … [Read more...] about Political Contempt is Chilling Free Speech
Movers & Shakers: Al Brislain
President and CEO The Food Bank of Northern Nevada (30 years in Nevada) Type of Business: Charity | Hails from: The Dalles, OR | Less than 6 months with company in Nevada | Based in: McCarran, NV How did you first get into your profession? I was an unemployed teacher and started driving a truck for a food bank. I became captivated by the fact that so much food was … [Read more...] about Movers & Shakers: Al Brislain
Red Report: December 2017
E Sale, Industrial ADDRESS 4480 Calimesa St., 89115 BUYER 777 Corporate Relocation, LLC SELLER NLV Sagebrush, LLC| DETAILS 19,125 SF; $2,237,625 APN 140-05-210-023 BUYER’S REP Sean Zaher, CBRE Lease, Office ADDRESS 6875 Speedway Blvd., 89115 TENANT Exhibit Services, LLC LANDLORD Speedway Commerce Center, LLC c/o Harsch Investment Properties DETAILS 23,675 SF; … [Read more...] about Red Report: December 2017
Office Summary: Third Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q3 2017 declined by 0.9 points to 18.3 percent from Q2 2017. Compared to Q3 2016, the office vacancy rate was down 1.8 points, from 20.1 percent. Vacancy rates ranged from 15.9 percent for Class C space to a high of 20.8 percent for Class B space in Q3. Las Vegas Valley’s office vacancy rate in Q3 2017 declined by 0.9 … [Read more...] about Office Summary: Third Quarter 2017
Business Indicators: December 2017
The “advance” estimate for U.S. real gross domestic product (GDP) for the third quarter of 2017 grew strongly at a 3.0 percent annualized rate. The main positive contributors of economic growth did not change from the last quarter. Consumer spending and business investment, including inventories, remain robust, and net exports and federal government spending further … [Read more...] about Business Indicators: December 2017
In the History of the United States, Who Was Your Favorite President?
“JFK – Even in difficult times, like the Cuban Missile Crisis, he used judgment and restraint to protect us from a serious war. He persevered through health issues and his speeches rallied people to break down cultural barriers.” Farhan Naqvi | Managing Partner Naqvi Injury Law “Lyndon Johnson – He was thrust into office after Kennedy’s assassination and his leadership at that … [Read more...] about In the History of the United States, Who Was Your Favorite President?
Welcome to Nevada: November 2017
Alchemy This technology, software services, and solutions start-up recently announced plans to establish headquarters in Reno. Offering a suite of cloud-based optimization tools, applications and training, Alchemy focuses on higher education and provides services to organizations that utilize business applications such as Workday Student. The company began hiring for a variety … [Read more...] about Welcome to Nevada: November 2017
Around the State: November 2017
UNLV Wins in Solar Decathlon The University of Nevada, Las Vegas’ (UNLV) team has won multiple awards at the U.S. Department of Energy’s Solar Decathlon competition. Among others, the school took home second in the engineering and architecture contests and first in innovation. The school placed eighth overall in the 10-day competition which challenges student teams from around … [Read more...] about Around the State: November 2017