Colliers International in Reno recently announced the hires of Jordan Lehman as Research Analyst and Valerie Sarchett as Operations Coordinator.
From The Nevada Independent: The number of Nevada Amazon employees and dependents on Medicaid nearly doubled year over year, increasing from 4,040 to 7,892 from 2019 to 2020; Amazon reports having more than 10,500 full and part time jobs in the state.
“There is a lot of economic uncertainty still, so priority No. 1 for every single small business owner should be survival ... And this second round of PPP is basically the lifeline to survive."
Houston, who worked for the CoStart Group prior to joining NAI Alliance in 2015, holds an MBA degree from the University of Nevada, Reno, and is an active member of NAIOP’s Commercial Real Estate Development Association.
The rural Northern Nevada project — which would employ roughly 1,000 employees during construction and 300 employees once fully operational — has drawn criticism from activists who seek its immediate abandonment.
An online auction in March will include almost all the casino's furniture and equipment, slot machines, poker tables and the craps table, which is one of the longest in Nevada.
IGT's decision to list its 1.2 million sq. ft. campus for lease this month and the recent $3.8 million sale of Harley Davidson's 3-story financial services building in Carson City are the latest examples of companies no longer needing larger-scale office properties to maintain productivity levels and meet customer needs.
With industrial real estate vacancy dipping under 5% in Greater Reno-Sparks at the end of 2020, leasing space in the new year will be similar to buying a home in Northern Nevada — expect multiple offers from tenants competing for the same space, industrial brokers say.
“Among private sector industries, only the mining and logging and financial activities industries have seen increases in employment since last year," says Nevada DETR Economist Dave Schmidt.
"For such a big decision, a self-assessment should be made by those who think they want to buy a business."
The quartet plans to bring the old Kwik Serv gas station in Sparks up to code and operate it under the Quick Mart banner.
Sales of retail properties across Northern Nevada lagged after the initial wave of state-mandated closures last spring since it was impossible to underwrite the rental income generated from cash-strapped tenants. Investors, however, have cautiously been dipping their toes back into the pond.
Home sales over $1 million saw massive gains across all markets, highlighted by South Lake Tahoe, which saw a 137% increase in those sales, from 49 in 2019 to 116 in 2020, per Sierra Sotheby's.
As one example of apparent poor communication, Roy Brennan, owner of Beefy's in Reno, said he never received a confirmation email after applying for a PETS grant last October and received only one response from the state that he was in the queue.
This week's 10-year look-back to the Jan. 24, 2011, edition of the NNBW includes a story about the planned reopening of the casino inside the beleaguered Cal Neva Resort at the North Tahoe state line.
LP Insurance Services this month announced the additions of Andrea Cantlon, Matt Ennis, Dustin Garcia and Jared Rossi to the Reno-based company’s ownership group.
The highest priced sale on Nevada’s East Shore in 2020 went to 550 Sierra Sunset Lane in Zephyr Cove, which sold for $38 million.
Exterior view of the entry plaza, upon completion, at Renown South Meadows Medical Center.
Kramer's Midtown Apartments were among many investment properties sold in 2020 in Greater Reno-Sparks.
The Firecreek Crossing shopping center off Kietzke Lane in Reno is home to several large national retailers.
Brandon Deriso stands on the empty stage in mid-January inside the Virginia Street Brewhouse as he talks about bringing a new form of entertainment to the venue starting this month: live podcasts.
Exterior view of the 405,000-square-foot Building F at the North Valleys Commerce Center at 9595 N. Virginia St.
The recently opened Amazon distribution center at Northgate Distribution Center on Tuesday, July 18, 2017.
With the work-from-home trend showing no signs of slowing, International Game Technology opted to list its sprawling 1.2 million square foot campus for lease at the beginning of January.
The COVID-19 Stimulus Package approved by Congress in December has several significant components that many business owners are unaware of, including changes to the Employee Retention Credit.
Due to financial challenges related to the COVID-19 pandemic, The Discovery in Reno experienced a revenue shortfall of $1.5 million in 2020.
Armstrong previously co-founded lockr, a consumer-facing data and digital identity solution, as well as Bombora, the New York-based disruptive B2B data startup that expanded to the Reno market in 2015.
While much of the economic attention in Nevada has centered on Las Vegas and Reno, the Silver State’s smaller markets and rural communities are in varying degrees of rebounding from the COVID recession.
After months of delays due to COVID-19 and failure of essential equipment, commercial gold production was finally reached this month at the Relief Canyon Mine northeast of Lovelock.
If you need a time-management book this new year, “Time Smart: How to Reclaim Your Time & Live a Happier Life” is the one.
In just two years with the company, Dazey-Harper has created award-winning work for clients in several industries.
Eaton Dunkelberger, CEO of Sierra Nevada Journeys, said the nonprofit raised $5.57 million for the purchase thanks to support from 56 donors.
Angelica Reyes, Managing Broker of The Right Choice Realty, earned the award for her continuing high level of involvement in the Reno/Sparks Association of Realtors.
Nevada's smaller markets and rural communities are in varying degrees of rebounding from the COVID recession.
“We clearly have weathered this pandemic better than just about any other community in that country. Certainly, our work to diversify our economy has been a big part of that," says Mike Kazmierski of EDAWN.
For 75 years, Fosters Freeze has been based solely in California, where it has 65 locations across the Golden State. However, the franchise's owners want to expand to Nevada and Arizona and see Reno as "an ideal market."
“The purpose of the platform is to bring all the resources together, create engagement among entrepreneurs and really be a digital representation of what we have in the startup community,” says Doug Erwin of the Economic Development Authority of Western Nevada, a partner in the project.
The Nevada State Development Corporation facilitated Stephen and Lana Hansen's $431,000 portion of financing in conjunction with Wells Fargo Bank.
Each year, Bank of America selects 300 high school juniors and seniors across the country to participate, including two from Reno.
Irwin has worked extensively with Department of Energy contractors in Southern Nevada and recently served as a member of the Judge Advocate General’s Corps for the Nevada National Guard.
Thanks to a focus on a diversified economy over the years, Greater Reno-Sparks is leading the charge to a post-pandemic recovery, officials say.
With median home prices topping $500,000 in Reno and nearly $520,000 in Minden/Gardnerville, 2021 is shaping up to be quite the sellers' market for Northern Nevada. As for housing supply, that's another story, reports the NNBW's Kaleb M. Roedel.
"I can’t think of a better intersection in downtown Reno, so that’s really what drove us to this building," says Tomi Jo Lynch of SVN Gold Dust Commercial Associates.
"It’s not enough to just aim for a full reopening of our current economy. We must look forward to the kind of economy that will let our state prosper in the future and create opportunity for all Nevadans," Gov. Steve Sisiolak said Tuesday night in his pre-recorded State of the State speech.
Governor Steve Sisolak records his State of The State address inside the Assembly Chamber at the Nevada Legislature in Carson City on Saturday, Jan. 16, 2021.
This week's 10-year look-back to the Jan. 17, 2011, edition of the NNBW includes a story about post-Great Recession optimism due to the first decrease in industrial vacancy rates in 18 consecutive months.
Gary MacDonald, a Realtor at Dickson Realty, replaces Erika Lamb as 2021 president of the Reno/Sparks Association of Realtors.
The Strand @ Cal 24 project includes renovation of the historic Reno property built in 1933, located at 24 California Ave. at the intersection of Downtown and Midtown.
Starting June 4, nonstop routes will operate twice weekly between Jackson Hole Airport and Reno-Tahoe International Airport.
Fosters Freeze’s 65 franchises, like this one in San Jose, are all located in California, but the owners are looking to expand outside the Golden State for the first time since the business was launched in 1946.
Grizzly Creek Ranch is located roughly an hour northwest of Reno in the Plumas National Forest in Portola, California.
Exterior view of the company’s headquarters at 1195 Service Drive in Gardnerville.
A December 2020 snapshot of real estate activity in the Reno / North Valleys sector shows a median home price of $500,000 — hitting that mark for the first time ever — and an active inventory of only 195 homes.
From a national standpoint, research shows the embrace of digital commerce is a whole decade ahead of schedule thanks to the pandemic. We spoke with the Retail Association of Nevada, Downtown Reno Partnership and the Reno+Sparks Chamber of Commerce to give local context to the growth of online retail.
“We are over-the-moon about the western territory, and particularly Reno,” said Kathy Dannewitz, franchise sales manager at Edible.
Edible Arrangements is looking to add up to three more locations in the Reno area.
Revenues are about $500 million less than what was allocated during the last two-year budget cycle; the state’s tourism-dependent economy remains battered by the COVID-19 pandemic, but economists are hopeful that a vaccine will usher in recovery.
“Much like the resiliency shown by our businesses, we, as constituents, must exercise voices of support for business growth and diversity and resist roadblocks that hamper commercial success," notes Ann Silver, CEO of the Reno + Sparks Chamber of Commerce.
The firm’s two owners, Kevin German and Bob LaRiviere, executed a purchase agreement that makes German new president and sole stockholder as CLA Inc. turns 40 this year.
Brackett was recently elected to the board of directors of NCET as vice president of blog content; in related news, Jock Ochiltre and, Chris Boline were also reelected to the board.
"Economic diversification is inextricably intertwined with higher education and the university,” former Gov. Brian Sandoval told the NNBW last week. Read more in a Q-and-A with the UNR president, in which he discusses the university's role in the economy and what opportunities are on the horizon in 2021 and beyond.
UNR President Brian Sandoval speaks on Sept. 17 at a press conference announcing his appointment as the university’s 17th president.
With the launch of ARC Development, the duo say they want to develop homes for all income levels, from high-end units and custom homes to starter homes and multi-family units for first-time renters.
"Our amazing team all rallied to serve our clients and make all the magic happen. It really was the best kind of COVID Christmas."
Through the week ending January 9, 2021, there have been a total of 803,738 initial claims filed since the week ending March 14, 2020, at the onset of the pandemic.
Simons, who has worked in the field of accounting in various industries for over 20 years across Nevada, replaces longtime Girl Scouts CFO Chris Coffing.
The JOIN Inc. program serves as the intermediary between Renown Health and local schools to provide opportunities for students to explore medical careers.
Reno-based design firm MBA Architecture and Design is assisting on the $47 million Caesars Entertainment project in downtown Reno.
The NHL's decision to come to Lake Tahoe to host two games next month in part was due to the strong relationship Edgewood Lake Tahoe and the Lake Tahoe Visitors Authority have with NBC and the American Century Championship.
The original case filed by Lander County in September challenges a trio of proposed constitutional amendments raising the state’s 5 percent cap on the net proceeds of mineral taxes.
Carson City's first Chick-fil-A will be owned and operated by Carson City resident Matt Hock, joined by his wife Kelly and two children.
Flores, who holds a bachelor’s degree in public policy and a master’s degree in urban leadership from UNLV, will represent UNR in working with elected leaders at the federal, state, regional and city level, as well as state agencies.
Here’s what the renovated hotel rooms will look like at the Silver Legacy upon completion.
A rendering of what the ice rink will look like at Edgewood Tahoe off the lake's south shore.
Company VP Ed Pier says DC Logistics will move into its new North Valleys location in February and plans to increase its Reno workforce to 150-200 employees; pay rates will range from $17-$24 per hour.
Stan Lucas purchased the former Virginia Ranch property behind the Gardnerville Walmart from Carson Valley Inn owner Mike Pegram on Dec. 21.
This year's keynote will feature U.S. Economic Development Administration reps who will examine the current state of America's western economy and priorities for this region for the coming year.
Hahn, who moved to Reno in 1995, is also president elect of Soroptimist International of Truckee Meadows and is a member of the Washoe County Bar Association.
This week's 10-year look-back to the Jan. 10, 2011, edition of the NNBW includes a feature on video stories like 89 Cent Movietime Video in Lemmon Valley changing with the times.
"I think that it was really naive for anyone to think that 2020 was going to be the last of this." After a year that saw countless cancelations and steep revenue drops, event planning companies like Red Carpet Events & Design, Quality Event Design and Bookmark Events and Promotions are less than optimistic about the industry's future in Northern Nevada.
Small weddings, such as this one planned by Reno-based Quality Event Design, will likely remain a trend throughout 2021, said QED founder Christina Perry.
"Buying this property represents a big milestone for our company and our family," said Ruchard Hartman, who co-launched Nova Tile & Stone Nevada in 2005 along with family members.
The company supplies porcelain, travertine, slate tile, prefabricated and raw slab granite, and marble and quartz for residential and commercial applications throughout Northern Nevada and California.
“Claudia is the epitome of a leader. Her determination to continue our annual programs and her optimism throughout the year earned her this prestigious award," said Robert Bartshe, 2021 SNR board president.
Under the 30-day extension, businesses including restaurants, bars, gyms and casinos will remain limited to 25 percent occupancy, with indoor dining establishments required to take reservations and seat no more than four at a table together.
Gov. Steve Sisolak announced the state's updated vaccine plan during a Monday evening virtual press conference, in which he also extended the statewide "pause" another 30 days.
After a year in which the RSCVA saw 100 groups cancels or postpone events, leading to the loss of more than 160,000 hotel room nights, we asked leaders at the RSCVA, as well as NCET, WIN Nevada, Reno + Sparks Chamber and EDAWN what to expect in 2021 when it comes to hosting large events and conventions.
The 2020 NCET Tech Showcase and Awards Gala, originally scheduled for this past March, took place at the Reno-Sparks Convention Center in October with strict COVID protocols in place.
"Each love letter shared also has the power to influence the decisions of consumers and help others discover new businesses," says Michael Tragash of Yelp Reno, a main collaborator with the newly formed Reno Loves Local program.
Elliott first joined Plumas Bank in 1987 as president, CEO and director; he retired as president/CEO in 2005 but continued to serve on the board for an additional 15 years.
Nevada's legal brothels, located across seven counties, have been closed since mid-March per Gov. Steve Sisolak’s orders in response to the COVID-19 pandemic, leaving Nevada sex workers without legal work for nearly 10 months.
The Moonlite Bunny Ranch in Mound House, Nev., east of Carson City on Thursday, Oct. 18, 2018.
Images from a forum opposing Lyon County Question 1 featuring legal sex workers Alice Little, Ruby Rae and Chuck Muth, campaign advisor to Dennis Hof at the Bunny Ranch Restaurant in Mound House, Nev., east of Carson City on Thursday, Oct. 18, 2018. (David Calvert/The Nevada Independent)
According to Nevada DETR, since the week ending March 14, 2020, the first week Nevada saw claims increase due the pandemic, there have been a total of 794,227 initial claims filed.
“In 2021, I think it’s even more dire. We’re still in the same situation we began of being in this place of uncertainty," says Tabu McKnight, owner of Tabu’s of Reno Barber Lounge, one of many local businesses concerned with profit margins and sustainability amid slow vaccine rollouts and continued economic uncertainty.
Tabu McKnight stands outside of his business, Tabu’s of Reno Barber Lounge, on Sierra Street in downtown Reno on Jan. 5, 2021.
“The past few years I have put my head down, worked hard, built a practice I can be proud of, and now it’s time to take it to the next level," said firm owner Andriea Aden.
Exterior view of the firm's new office location at 19 Winter St. in Reno.
Carson City County Manager Nancy Paulson, seen here in a file photo, was one of 6 county managers to present at the Jan. 27 virtual State of the Counties event.
In a statement, GOED Director Michael Brown said software helps people identify skills they need to obtain to become more employable in today’s job market.
The Winnemucca dispensary marks Lucid Management Company's seventh location — the other six are sprinkled throughout Washington state, where the company launched in 2012.
Staff members at Lucid Winnemucca inside the shop prior to the grand opening on Dec. 22.
Per the study, college graduates can expect approximately 59,400 job opportunities annually between 2020-25 across various sectors of agriculture.
According to the study, researchers project an average of 59,400 job openings annually from 2020-2025 for college graduates with interest and expertise in food, agriculture, renewable natural resources and the environment. This figure breaks down that annual total by sub-sector.
"We were able to put in the changes needed so that most claimants will start receiving the extra $300 a week right away,” DETR Director Elisa Cafferata said Thursday.
Lepire, a third generation native of Carson City, earned his real estate license when he was 19 and has worked in the real estate industry for the past 20 years.
"Our mission has always been to give back to organizations and efforts that work to protect Lake Tahoe,” said Tahoe Blue Vodka CEO Matt Levitt, who provided a $100,000 match for the endeavor.
Taxation officials estimate there is about $350 million in overdue taxes, but only a small portion of that is considered collectable.
Sisolak’s two-year budget is expected to reflect Nevada’s dire economic straits as well as hopes that a COVID-19 vaccine will help restore tourism and the related revenue streams toward the end of the biennium.
"As our New Year’s message, the Chamber asks each resident to be mindful of the mask mandate, the hand washing routine and social distancing so that we can curb this virus to be able to get back to being the vibrant community we all know and love."
Korbulic, who served as interim director of the Nevada Department of Employment, Training and Rehabilitation for seven weeks this past spring, is currently Executive Director of Silver State Health Insurance Exchange.
Each week in 2021, we will feature snippets of stories that published a decade ago to provide readers a 10-year perspective of business news in the region.
Chad Hall, owner of Rod Hall Products, is the son of the late Rod Hall, the legendary off-road racer from Reno who died in June 2019 at the age of 81.
“Downtown Reno is a very complex work in progress that cannot be improved by a single entity," says Alex Stettinski of the Downtown Reno Partnership.
WETLAB is now certified in Nevada to analyze the measurement of ammonia in surface, ground, storm runoff, industrial or domestic wastewater and saline waters.
"By directing philanthropic capital locally, we can address the most immediate needs while helping our most vulnerable communities become more resilient and positioned for success moving forward," Andrew Diedrichsen, Reno market president for Bank of America, said.
Chad Hall, owner of Rod Hall Products in Sparks, stands next to a U.S. military ground mobility vehicle with a suspension upgrade provided by Rod Hall Products inside his shop in late December.
“Reno holds a promising future, even in the midst of so much uncertainty for the industry," Phil Rolla, co-founder and managing principal at GPR Ventures, told the NNBW.
GPR Ventures has acquired its first property in Reno with the purchase of a 331,000 sq. ft. industrial warehouse at 4910 Longley Lane.
Of the hundreds of bills the Legislature passed in 2019, nine finally became effective either in whole or in part on Friday, Jan. 1, 2021.
The $250,000 deal was facilitated by the Nevada State Development Corporation with assistance from Heritage Bank of Nevada.
"Most tax extenders affecting individuals will be further extended. Some of the provisions were extended through 2025."
This holiday season, Greater Nevada Credit Union’s annual “Greater Giving” donations drive collected more than 450 gallons of food, toys and clothing.
The new year will be all about helping Nevada defeat and recover economically from the coronavirus, and Nevada's congressional members recently revealed widely differing policies on how to do it, according to interviews with The Nevada Independent.
According to North Lake Tahoe, the district could generate up to $7 million annually and free up millions in local guest lodging tax revenues for workforce housing and traffic mitigation initiatives.
The parking lot at Squaw Valley, located in Placer County and within the proposed Tahoe Business Improvement District, is seen packed in January 2016 with skiers and village patrons.
“I feel like, damn, I can’t even get a decent job when I spent four years of my life and money ... No miracle happened. This might sound ignorant, but I feel like it shouldn’t be this hard," recent UNR grad Michelle Santos told the NNBW's Kaleb M. Roedel.
Erik Reiner, who graduated from the University of Nevada, Reno in May, had to cancel his post-grad travel plans due to the pandemic and instead spent months job searching during the COVID recession.
Among nonprofits, Sierra Nevada Corporation selected three local nonprofit for contributions: Boys & Girls Club of Truckee Meadows; Terry Lee Wells Discovery Museum; and University of Nevada, Reno Foundation.
"If you’ve ever wondered why no bad deed goes unpunished, 'Big Dirty Money' will open your eyes and make you want to open your mouth for change," writes Terri Schlichenmeyer.
As part of the agreement, a new U.S.-focused gold production and development company — I-80 Gold Corp — will be formed to oversee mining projects and properties in Humboldt, Lander and Elko counties.