Market conditions and demographic trends are setting the stage for an increase in merger and acquisitions to be a regular feature of the market in the coming years. The Federal Reserve has indicated that it has reached the crest of interest rates and will likely begin to loosen monetary policy in the coming months; long-term interest rates have already dropped from their high in October 202
Selling a business is a significant milestone, marking the culmination of years of hard work, investment, and growth. Whether you’re looking to retire, pursue new ventures, or simply capitalize on your investment, a well-executed sale is crucial. However, a smooth transaction is easier said than done. Here’s a comprehensive guide to help you maximize the value of your business while minimizing the stress of selling.
Barbee outlines local, Navy housing needs, courthouse expansion.
When Reno resident Allison Greene attended the inaugural Reno Startup Week in 2023, all she had was a concept and some optimism.
As we approach the fourth quarter of 2024, many national economists agree a recession is not likely in the coming months even as GDP growth is expected to be slow. Consumers and businesses continue to put an emphasis on reducing spending while also focusing on managing their expenses.
As we approach the presidential election, there is a level of uncertainty that looms over the markets. Naturally, investors are concerned about how political shifts might impact their portfolios, and while the policies of political parties may influence economic conditions, historical data shows that the markets are more influenced by broader economic factors than by which party wins the election. (However, first, I’d like to share a story about the power of focusing on factors within our control and the importance of preparation. Both can lead to extraordinary success, whether defined by financial stability that provides you with the flexibility and options to live life on your terms – or eight gold medals.)
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.
The Northern Nevada Business Weekly’s annual Best in Business contest will begin accepting nominations on Sept. 11.
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.
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