After much contemplation, NCET has made the decision to reschedule this Friday's NCET Business Expo due to the ongoing community emergency.
Investment sales in Greater Reno-Sparks typically average about $600 million per quarter among all classes of commercial real estate. However, the high cost of capital, along with more stringent equity requirements for obtaining commercial financing, has slashed deal volume in the Truckee Meadows.
Energy costs are a significant yet controllable operating expense for many businesses. By upgrading commercial lighting fixtures, heating and cooling systems, refrigeration, and kitchen equipment to newer, more efficient technology, businesses can achieve substantial energy and cost savings year after year.
1. What makes a project attractive when you are considering funding? On the investor CRE front, it would be supportable (and realistic) NOI projections that generate debt coverage of 1.20x plus at stabilization, or a solid, verifiable take out source (sale/permanent financing) at completion of the project. We also look for sponsors/owners that have an established track record and high personal character (have they kept lenders whole through tough times). On the corporate banking front (operating lines of credit, equipment loans, owner occupied CRE, etc.), we look for profitability and strong recurring cash flow from operations that can cover debt service, recurring Capex at 1.15x or greater.
Notice of Public Sale
Notice of Public Lien Sale
Notice of Sale of Motor Vehicles
Notice of Sale of Motor Vehicles
Notice of Sale of Motor Vehicles
Notice of Sale of Motor Vehicles
The Northern Nevada Business Weekly’s annual Best in Business contest will begin accepting nominations on Sept. 11.
Yard & Construction Items
The high interest rate environment of the past few years has led to some big changes in regional construction lending. Local banking executives told NNBW that as interest rates spiked and the cost of borrowing increased, they began to more closely scrutinize potential construction projects, along with the developer’s track record. Oftentimes, they added, regional developers have been required to put much more skin into a project than in the past in order to obtain construction loans.
'We need to look at the issues through the lens of business owners' says Nevada secretary of state.
Finding the right employees continues to be a worry for businesses in the Reno/Sparks area. Staffing was the largest concern of businesses who responded to the recent Northern Nevada Business Confidence Survey. Other concerns included cost/inflation, operations, election, supply chain, economy/market and location.
Attending the 18th Annual NCET Business Expo this Friday is an opportunity that local business owners, entrepreneurs, and professionals shouldn’t miss.
McDonald Carano congratulates Chelsea Latino on being selected as one of 12 Women to Watch by Nevada Business Magazine.
Community development organization Chicanos Por La Causa has completed its 50-unit Gold Country complex at 20 Retail Road in Dayton.
For Sale!
Garage/Yard Sale
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