Let the Games Begin! NAIOP Southern Nevada’s Bus Tour Committee is proud to present the 2024 “NAIOPOLY” Bus Tour. Let the games begin! We look forward to continuing the storied tradition of the NAIOP Bus Tour in our virtual format. Even with some economic issues on the national front, the southern Nevada real estate market has continued to show signs of strength … [Read more...] about NAIOP Southern Nevada
Reno business
Succession Planning in NevadaPassing the Baton
There comes a time in the life of a business when leadership must be passed from one generation to the next. After watching her paternal grandfather’s butcher shop go through liquidation and her maternal grandfather’s printing shop be sold off after an unexpected death in the family, Oksana Komarnyckyj, a merger and acquisitions advisor and managing director for IBG Business, … [Read more...] about Succession Planning in Nevada
MultifamilyCommercial Real Estate
Multifamily dwellings can be found in high numbers throughout every major city in America and Nevada is no exception to this rule. Choosing to rent a home instead of purchasing a home can result from a variety of different circumstances. These reasons can be income driven, lifestyle preference or it could simply be a timing issue where an apartment is quicker to settle into for … [Read more...] about Multifamily
Engineering in NevadaBuilding the Foundations
Nurses and teachers receive widespread approbation for their contributions to society. Rightly so. Another group, however, rarely receives such accolades while their work reaches to the very foundations of our society: engineers. “I think engineers are unsung heroes. They’re at least unknown heroes in our communities. Very few people realize that engineering touches every … [Read more...] about Engineering in Nevada
More Restrictions on EmployersLawmakers Overstep Again!
As if business owners didn’t already have enough rules, restrictions and guidelines governing our employees, AB 190, pushed and passed by the Democrats, imposes even more. The recently enacted law is touted as a savior for employees needing to care for sick family members. However, it’s another burden, and example of government overreach by the legislature. I firmly believe … [Read more...] about More Restrictions on Employers
NAIOP Southern Nevada2023 Bus Tour
Start Your Engines NAIOP Southern Nevada’s Bus Tour Committee is proud to present the 2023 “Race For Space” Bus Tour. These past few years have certainly sped by! Despite the fact that there is a bit of uncertainty in the debt markets, Las Vegas has seen record levels of demand in all asset classes, and it doesn’t seem like investors, tenants, or developers are letting off … [Read more...] about NAIOP Southern Nevada
Retail ReinventedThe Changing Face of Commercial Real Estate
Retail is a world that constantly reinvents itself to appeal to newer generations, the latest trends or a fluctuating economy. Today the retail world is completely different than it was at the turn of the century, and that retail was different than the one that came twenty years prior. The last decade has seen consumers begin to climb out of a recession only to be thrust into a … [Read more...] about Retail Reinvented
Business IndicatorsNovember 2023
The third estimate of U.S. real gross domestic product (GDP) for 2023Q2 remained unchanged from the second estimate reported last month, with an annualized expansion of 2.1 percent. The third estimate update was shaped by a decrease in consumer spending and imports, alongside upward revisions in nonresidential fixed investment, exports, and inventory investment, mitigating the … [Read more...] about Business Indicators
How Nevada Stacks Up2023
Much like the rest of the nation, Nevada has both strengths and weaknesses. Although hit hard during the recent pandemic, the Silver State now boasts a thriving travel and tourism industry and numbers that reflect a strong housing market. And for businesses looking to start up or relocate, Nevada shines with its tax friendly business environment and low energy costs. However, … [Read more...] about How Nevada Stacks Up
Upskilling NevadaA Look at the State’s Workforce Development Post-Pandemic
"Overall, Nevada's job market has been performing at a relatively strong pace post-pandemic," said Brian Gordon, principal, Applied Analysis. "The state continues to be near or at the top of the list in terms of overall growth performance nationwide. At the same time, Nevada has ranked atop the list in terms of the overall unemployment rate. So, Nevada is faced with this unique … [Read more...] about Upskilling Nevada
EntitlementsWho Knew?
Who knew entitlements and zoning could be so fascinating? As cities sprawl and skyscrapers gaze across the masses, each park with barking dogs and running children, every industrial complex with the makings of tomorrow’s packages, and every home where mothers hum lullabies all begin with entitlements and zoning. An entitlement is the process of obtaining a … [Read more...] about Entitlements
Kyle Rea
President of the Board of Directors NAIOP Northern Nevada and Chief Operating Officer Tolles Development Type of Business: Commercial Real Estate DevelopmentBased: RenoHails from: Reno Years Org. has been in Nevada: 7Years with Organization in Nevada: 7Employees in NV: 15 How did you get into your profession? My journey into the real estate industry began with a … [Read more...] about Kyle Rea
Tourism in NevadaThe Wealth of a State
“We’ve seen a lot of diversification in the economy throughout the state over the last ten to fifteen years,” said Ben McDonald, senior director of communications and public affairs with the Reno-Sparks Convention and Visitor’s Authority. “It’s created a much healthier, vibrant and sustainable economy for the state. But, tourism is still the number one driver for the economy … [Read more...] about Tourism in Nevada
Space Available?Update on Land in Nevada
Nevada has seen tremendous growth in the past two years with more than 150,000 people becoming Nevadans. As more and more people move into the state it has caused industrial developers to see increased opportunity. More than half of Nevada’s land belongs to the state and is managed by the Bureau of Land Management (BLM). But, in the last decade that amount has gone from 87 … [Read more...] about Space Available?
Top Rank Attorneys2023
Top Rank Attorneys (formerly known as Legal Elite) has been featured in Nevada Business Magazine since 2007. The list is comprised of respected attorneys across the state who are voted for inclusion by their peers. Polling for Top Rank began in mid-February of this year and several thousand nominations were submitted. Each attorney that made it on the list not … [Read more...] about Top Rank Attorneys