When Reno resident Allison Greene attended the inaugural Reno Startup Week in 2023, all she had was a concept and some optimism.
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.
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.
Current global demand for lithium is about 1 million tons per year, a number that’s expected to triple by 2030.
Summer 2025 will look a lot different than the last 100 years at Wingfield Park in Reno.
Home sales across Northern Nevada remain relatively flat due to high interest rates, but median prices continue to creep upward.
If you’ve ordered a specialty coffee, smoothie or blended drink anywhere in the West recently, chances are it was flavored with a syrup made at Monin Americas’ western region production facility in Spanish Springs.
Northern Nevada’s emergence as a haven for data center development recently took another step forward with the announcement from PowerHouse Data Centers to develop a 900,000-square-foot shell facility on 49 acres at Tahoe Reno Industrial Center.
Echo Suites Extended Stay by Wyndham is one of the fastest-growing hotel brands in the U.S. and Canada, and the flag will open its first property in Reno in the summer of 2025.
Home offices may still be the preferred working location for many Northern Nevada professionals, but for those who want to work in an office, downtown Reno is proving the place to be.
