Stories for March 2023

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Friday, March 31

Nevada casinos up 11% in February

For two straight years, Nevada casinos have collected more than $1 billion each month.

Lester Romero: Eight tips for small business cash flow management

Cash flow is the total amount of money that comes in and out of a business. It is a key indicator of the financial health of your business. A consistent, positive cash flow can help you pay expenses, invest in new opportunities, and grow your business. Below are some cash flow management strategies to consider:

People: J. Kyle Dalpe named Western Nevada College president

Regents approved the recommendation, 13-0; Dalpe's deal runs through March 9, 2027.

Thursday, March 30

Banking Q&A: State of the industry

Banking sector issues have dominated financial headlines in the U.S. and abroad. The collapse of Silicon Valley Bank on March 10, followed by the failure of Signature Bank, continue to reverberate throughout the U.S. banking industry. Liquidity troubles at Switzerland’s Credit Suisse, meanwhile, threaten to roil global banking markets.

People: Haws announces multiple hires and internal promotions

Haws is pleased to announce multiple hires and internal promotions.

People: Greater Nevada Credit Union elects board of directors

Greater Nevada Credit Union recently held its 74th annual meeting virtually to announce the results of its board of directors’ election, give voice to members and recognize those who have held membership at the credit union for 35 years.

Wednesday, March 29

American Battery ready for ‘recycling at a large scale’

A move into a 137,000-square-foot facility at Tahoe Reno Industrial Center will likely prove transformative for the battery recycling company.

Stewart Guthrie: The exit checklist (Voices)

Often, when we think about exiting a company, we conjure an image of a spectacular business sale where a strategic buyer swoops in, pays an enormous price, and the business owner rides off into the sunset.

Saint Mary’s ranks as third best cardiovascular hospital

In a 2023 ranking of the nation’s 50 top cardiovascular hospitals, Saint Mary’s Regional Medical Center was rated as the third best among community hospitals in the United States and was the only hospital in Nevada to be recognized.

Tuesday, March 28

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Notice of Hearing

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Notice to Creditors

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Notice of Lien Sale of Motor Vehicles

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Notice of Sale of Motor Vehicles

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Notice of Trustee's Sale

NV Energy to add gas plant as drought threatens power grids

The $333 million project will build a natural gas plant in Nevada for the first time in nearly 15 years.

Buzz Harris: Buy an existing profitable business (Voices)

Last month I had the opportunity to speak with a couple of public service groups. One of the topics of my presentations was the benefits associated with buying an existing profitable business. I began the presentation by recapping a recent article that I read which pointed out that 23% of new businesses don't make it past the first birthday and more than half will fail to make it through three years.

Melissa Molyneaux recognized as Crexi Platinum broker

Melissa Molyneaux has been recognized as a 2023 Crexi Platinum broker in the lease category.

Monday, March 27

Mobile sports bets booming — wagers now open in 33 states

States such as Ohio, Kansas, Massachusetts and Maryland are the latest to look for additional revenue through legalized sports gambling.

People: Lane Powell named chief operations officer at Peterbilt Truck Parts and Equipment and Silver State International

Peterbilt Truck Parts and Equipment and Silver State International are pleased to announce the promotion of Lane Powell to chief operations officer.

Mignon Lagatta Real Estate purchases Reno building

Mignon Lagatta Real Estate, LLC, dba Haven Home Realty, has purchased a building at 1055 Riverside Drive in Reno to serve as the company’s headquarters.

Friday, March 24

Reno-based Truckee Gaming acquires Rail City Casino in Sparks

Northern Nevada casino operator Ferenc Szony has put the band back together. Last week, Affinity Gaming announced it was selling Rail City Casino in Sparks to Truckee Gaming, reuniting the property with its former owner.

Gaming regulators tentatively approval Century’s $195M purchase of Sparks Nugget

Nevada gaming regulators tentatively approved Colorado-based casino operator Century Casinos' acquisition of the Nugget Casino Resort in Sparks, which would mark the company’s entry into the state.

People: Ryan Stodtmeister promoted to shareholder of Anderson, Dorn & Rader

Anderson, Dorn & Rader has announced the promotion of Ryan Stodtmeister to a shareholder of the firm.

Thursday, March 23

Creating the pipeline of local talent: ITS Logistics, UNR create supply chain program

Scott Pruneau, chief executive officer at Reno-based ITS Logistics, has spent his entire career working in the supply chain industry.

Carson Tahoe Health named winner in ‘Close the Gap Contest’

Silver State Accountable Care Organization recently named Carson Tahoe Health’s Medical Group the winner in four categories listed in last year’s “Close the Gap Contest.”

People: Kevin Green, owner of Genghis Grill Reno, named 2023 Franchisee of the Year

The International Franchise Association has named Kevin Green, owner of Genghis Grill Reno, as a 2023 Franchisee of the Year.

Wednesday, March 22

Relentless winter brings pros, cons for Tahoe ski resorts

A relentless winter has dumped more than 50 feet of snow on mountain resorts around the lake over the past three months.

Alston Construction completes tenant improvements

Alston Construction said it has completed tenant improvements on an existing facility warehouse owned by Redwood Materials, Inc.

People: Amanda Eastwick promoted to director at Cushman & Wakefield

Amanda Eastwick, CCIM, of Cushman & Wakefield has received a promotion to director. Eastwick has nearly two decades of real estate industry experience with nine years specifically in brokerage. She specializes in Northern Nevada’s industrial real estate market, focusing on representing landlords, sellers, tenants, and buyers.

Tuesday, March 21

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Notice of Sale of Motor Vehicles

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Notice of Sale of Motor Vehicles

People: Wally Murray retiring after 35 years at Greater Nevada Credit Union

Wally Murray, president and CEO of Greater Nevada Credit Union, announced his retirement after 35 years at the credit union.

NCET Biz Tips:Media relations 101: How to get media to pay attention to your company

Getting media coverage is a great way to increase brand awareness and ultimately boost sales. It’s also helpful for building credibility. But in order to get that attention, first you must have a piece of news that’s worth sharing and then get the right journalist to pay attention.

DL Freight Solutions expands operations to downtown Reno

Basin Street Properties said DL Freight Solutions has signed a 6,911 square foot lease at 200 S. Virginia St., in downtown Reno.

People: Nancy Maldonado joins Washoe K-12 Education Foundation and the alignment team for WCSD Strategic Planning

PBS Reno Vice President of Education Nancy Maldonado has joined the Washoe K-12 Education Foundation and the alignment team for WCSD Strategic Planning.

UPS and AVK America plan to expand in Douglas County

United Parcel Service plans to build a new 168,000 square foot building in Douglas County, according to the Nevada Governor’s Office of Economic Development.

Friday, March 17

Mobile sports bets booming — wagers now open in 33 states

States such as Ohio, Kansas, Massachusetts and Maryland are the latest to look for additional revenue through legalized sports gambling.

Realtor group: Buyers, sellers ‘both in the market’

In February, Carson saw 30 sales of existing single-family homes, a 41.2 decrease from the previous year but a 42.9 percent increase from January.

Gardnerville hospital changes name to Carson Valley Health

Carson Valley Medical Center is in the middle of a multi-million dollar expansion

Thursday, March 16

Under new administration, Nevada plans for ‘aggressive’ approach to economic development

Plan lays out “a vision that aligns with what the governor said about being aggressive about courting businesses” to the state.

Western Nevada College, Redwood Materials announce partnership

The training program for safe and effective battery recycling practices uses the Mobile Manufacturing Lab.

People: Ty Rogers named vice president of sales and marketing by Quick Space

Quick Space has announced the promotion of Ty Rogers to vice president of sales and marketing.

Wednesday, March 15

What Tesla’s multibillion-dollar Gigafactory expansion means for Nevada

At the heart of the country’s largest industrial park sits the Nevada Gigafactory where thousands of Tesla employees have produced millions of electric vehicle batteries.

Stellar Aviation Group commences expansion project at Reno-Tahoe Airport

Stellar Aviation Group has announced the commencement of a major expansion project at Reno-Tahoe International Airport.

Alston Construction begins construction for TRIC building

Alston Construction has announced they have begun construction on TRIC 688 West Building 3 at 775 Innovation Way in Sparks.

People: Angela Bradley, Andrew Chewning promoted by Nevada State Bank

Nevada State Bank has promoted Angela Bradley to small business team lead in Reno and Andrew Chewning to business banking team lead in Las Vegas, reporting directly to SVP/Statewide small business manager Megan Comfort.

Tuesday, March 14

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Notice of Sale of Motor Vehicles

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Notice of Public Lien Sale

MBG completes tenant improvements for Pure Barre

Montane Building Group has announced they have completed tenant improvements for Pure Barre, an exercise studio.

People: Quick Space promotes Rob Caddell

Quick Space has promoted Rob Caddell to director of supply chain operations.

Monday, March 13

NCET Biz Tips: Pivoting for success

Is it possible to prepare for change? Every day we are pivoting through life, whether it’s in business or in our personal lives, we are constantly pivoting or navigating through decisions that can either move us into the future we have always desired or keep us stuck in “Groundhog Day”-like scenarios going nowhere.

Barton Health recognized on World’s Best Hospitals list

Barton Health has been recognized on Newsweek’s World’s Best Hospitals 2023 list for the third year in a row, determined by data prepared by Statista, Inc.

People: Lauren Hober joins KPS3

KPS3, a full-service marketing and digital communications firm, has hired Lauren Hober as account manager.

Friday, March 10

People: Patrick Riggs named Dickson Commercial Group vice president

Dickson Commercial Group has announced the promotion of Patrick Riggs to vice president.

People: Leslie Ramsdell named chief executive officer and president at Sierra Pacific Federal Credit Union

After seven months serving as vice president at Sierra Pacific Federal Credit Union, Leslie Ramsdell has ass

Kimmie Candy acquires chocolate, candy company

Kick Foods, LLC and its Good Day Chocolate brand have been acquired by And-Y-Not, LLC, a newly formed division of Kimmie Candy Co., Inc.

Reno office expert named ‘Power Broker’ winner for 12th consecutive year

CoStar Group, Inc., has announced the Power Broker Quarterly Deal winners for the fourth quarter of 2022.

Inflation, weather may have caused taxable sales hit in Douglas

Douglas County merchants closed out the holiday shopping season a little behind, likely due to the effects of inflation and maybe the weather.

Thursday, March 9

Statewide gaming revenue sets record for January, but analysts expect slowdown

Nevada’s casino industry followed up its record-breaking gaming revenue year in 2022 with the highest total ever recorded in the month of January.

Lithium mine wins appeal; construction underway

The 9th U.S. Circuit Court of Appeals denied a request for an emergency injunction.

People: Austin Daly elected to NCET board

The Nevada Center for Entrepreneurship and Technology has announced the election of a new board member, Austin Daly.

People: James Thurman joins Lulius Innovation advisory board

Lulius Innovation has welcomed Gen. James Thurman (Ret.) to its advisory board.

Wednesday, March 8

NAIOP chapter, members honored at Merit Awards

NAIOP Northern Nevada had several of its members, as well as the chapter itself, honored as part of the annual NAIOP Chapter Merit Awards.

Atlantis honored by Forbes, receives ‘Four-Star Award’

Atlantis Casino Resort Spa has earned the Forbes Travel Guide Four-Star Award.

People: Shawn Jenkins, Debbie Davis Jenkins named leadership at Eastern Sierra Engineering

Eastern Sierra Engineering has named Shawn Jenkins as president and Debbie Davis Jenkins as vice president of the corporation.

Tuesday, March 7

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Notice of Sale of Motor Vehicles

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Petition for Name Change

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NCET Biz Tips: Workforce solutions for the right price: Free

Nevadaworks is the local workforce development board for Northern Nevada and supports workforce development in 13 counties with an area of more than 70,000 square miles, making it one of the single largest local workforce geographical areas in the country.

Noble Studios named ‘Agency of Record’

Noble Studios has been named the agency of record for Santa Monica Travel & Tourism.

People: Cela Hyatt named to Morgan Stanley Pacesetter’s Club

Morgan Stanley has announced Cela Hyatt, financial adviser, financial planning specialist, and qualified plan financial consultant in its wealth management office in Reno has been named to the firm’s Pacesetter’s Club.

Monday, March 6

Smart Money: 2023 financial planning opportunities for small business owners

Many business owners are happy to put 2022 in the rearview mirror with surging inflation, higher interest rates, slowing global growth, stubborn supply chain bottlenecks, a tight labor market and the war in Ukraine contributing to elevated levels of uncertainty. As you plan for 2023, it’s important to understand the potential challenges you may face in the year ahead and consider four key financial planning strategies to stay on track.

Friday, March 3

Smart Money: Legal strategies when facing a major health event

What you and your family need to know

Receiving a health diagnosis or learning that you need to undergo major surgery can cause substantial disruption in your day-to-day life. During this time, the last thing you may want to think about is estate planning. Although you may have many things going through your head at the moment, now is a crucial time to make sure your estate plan is in order. Proactive planning can help put your mind at ease and let you focus on your treatment. Let’s review your estate plan together to make sure each of the following important components is up to date and reflects your current goals and wishes.

Smart Money: What happens to debt after divorce?

Financial issues are a common issue within a marriage. For example, one spouse runs up credit card charges and incurs a significant amount of debt. So, if a marriage ends in divorce, whatever the cause, is the other spouse responsible for repayment of debts incurred by the other spouse during marriage? The answer depends on the circumstances.

Smart Money: How to make the best of rising interest rates

When you hear “Federal Reserve raises rates again,” your first question might be how this national news may affect you. Even though your credit card or home equity loan rate could go up, a high-interest rate environment could also be good for you if you know how to take advantage of it. That's because checking and savings accounts, bonds, and other investments can earn more when interest rates are high.

Smart Money: How a SBA loan can help your business

The U.S. Small Business Administration is a federal agency that assists small businesses with capital needs primarily through its partnerships with banks. You can find information about the agency and what they provide at www.SBA.gov.

Thursday, March 2

Smart Money: Deducting casualty losses on a tax return

In recent years, some Americans have been victimized by severe storms, flooding, wildfires, and other disasters. So what can you do when this causes your personal property to be damaged or destroyed?

Revitate expands portfolio, invests in Reno submarket

California-based Revitate has expanded its Opportunity Zones portfolio with a new investment into Victory Logistics District, an industrial development in Fernley.

People: Gerrit Hillebrand joins Kidder Mathews’ Reno office as senior vice president

Gerrit Hillebrand, CCIM has joined Kidder Mathews’ Reno office as senior vice president, specializing in multifamily properties.

People: Nick Knecht named vice president with Dickson Commercial Group

Dickson Commercial Group has named industrial broker Nick Knecht as a vice president within DCG.

Wednesday, March 1

Baking up expansion: Roundabout Catering acquires Franco Baking Co.

The owners of Roundabout Catering continue to build their growing regional food-service empire. MaryBeth and Colin Smith in 2022 opened the 12,148-square-foot The Meadows Event Venue in Fernley and also acquired the former Campo location at the Truckee River in downtown Reno and rebranded the space as a new restaurant concept, Smith and River. Their most recent acquisition is Franco Baking Co., on Glendale Avenue in Sparks.

People: Judy Villagomez, Joseph Nalley, Dakota Baker form Street Commercial Real Estate's property management division

Street Commercial Real Estate announces a newly formed property management division under the guidance of Judy Villagomez, Joe Nalley and Dakota Baker.

People: Juan De Alba Villegas named branch manager at United Federal Credit Union

United Federal Credit Union has promoted Juan De Alba Villegas to branch manager at its location at 1350 E. William St., in Carson City.

DCG completes Midtown restaurant, business sale

Dickson Commercial Group has completed the transaction including the real estate and business of the former Silver Peak restaurant and brewery in Midtown Reno.

Panattoni Development begins ground-up construction

Panattoni Development Co., has started construction on Red Rock Business Center, Building 6. Scheduled to be completed in June, the 136,777-square foot industrial building will be built on 8.33 acres.