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Rob Sabo

Stories by Rob

Mt. Rose Ski Tahoe, Palisades Tahoe getting capital improvements

Two big construction projects underway at regional ski resorts will likely transform daily operations.

‘Slight shift’ to buyers’ market seen in Northern Nevada

The sudden surge in mortgage interest rates has created a much-needed buffer for prospective homebuyers scouting the market for suitable properties.

Panasonic, TMCC partnering on training center

The training center in Reno will be owned by Panasonic and will be equipped by Truckee Meadows Community College and staffed with college instructors.

Industrial project planned near Bordertown

Panattoni Development plans to construct about 1.6 million square feet of new industrial space across four or five buildings for its 395 North project.

Authority announces redevelopment plans to modernize Reno-Tahoe International Airport

The Reno-Tahoe Airport Authority recently announced a multi-year development plan to upgrade and modernize key aspects of the airport to meet growing demand. The multi-year plan includes expansion of the ticketing hall that’s expected to begin this year, followed by large-scale changes to rental car operations in 2023, and capped off by redevelopment of the airport’s concourses in 2024.

Multifamily Housing: Apartments popping up like spring flowers in region

A flurry of recent multifamily openings and groundbreakings is slated to bring hundreds of new apartment doors to the Greater Reno-Sparks market.

Gilman reflects on 10 years of Tahoe Reno Industrial Center growth

A decade ago, Tahoe Reno Industrial Center employment was just shy of 2,000. Ten years later, employment tops 15,000, and some of the world’s best-known companies have built world-class facilities at the massive industrial park in the Northern Nevada high desert east of Sparks.

Lyon County airstrip projects aim to serve private sector, government clients

Expanded services at SAMSARG Field in Fernley and Silver Springs Airport could prove beneficial to corporate executives and likely would become a part of marketing efforts for a new industrial park.

Developers detail plans for sprawling TRI II project in Fernley

Lance Gilman and Don Roger Norman, developers of Tahoe Reno Industrial Center in Storey County, are now eying their next big project, a similar but smaller development in Lyon County at Fernley dubbed, simply, “TRI II.”

Reno Aces bolstering business efforts with more concerts, events

The wildly successful Grupo Firme concert in October at Greater Nevada Field represents one part of an overhaul in the business model of the Reno Aces, hastened by a pandemic-canceled baseball season in 2020 and the loss of the popular minor-league soccer team Reno 1868 FC.

At nearly 1 million square feet, massive Reno industrial building goes vertical

The Park at McCarran's anchor building should be ready by May 2022

Motorists driving by The Park at McCarran development at the eastern end of Mill Street might be a bit awestruck by the magnitude of the massive 995,782-square foot building being erected for a still-undisclosed national tenant.

Vaccine reaction: What impacts might mandates have on Nevada employers?

Renown Health sent a clear message last week to unvaccinated employees: get jabbed or get gone.

Reno-Sparks office absorption in Q3 highest since pre-pandemic

While the lingering pandemic continues to disrupt office vacancies in larger markets, Reno-Sparks remains buffered from the work-from-home trend mainly because its average office rents are so much lower than in primary markets.

Brokers: Retail rebounding in big way across Northern Nevada

Twelve months ago, the Northern Nevada retail market was murkier than Virginia Lake. Fast forward to the third quarter of 2021, and it’s clear there’s been more than just a soft rebound as retailers and consumers alike adjusted to pandemic-related restrictions.

Amid white hot market, real estate licensing on the rise in Nevada

In summer of 2011, there were 1,761 licensed real estate agents in Washoe County. A decade later, it's up to 2,791 licensed agents — representing a 58% increase.

After another record high in apartment rents, is Reno in line for relief?

In Reno-Sparks, the average rent across all apartment product types and sizes was $1,632 in the third quarter, according to Johnson Perkins Griffin — that's up 21% from the same quarter just two years prior, and a 94% surge from a decade ago.

Is now the time to sell? Industrial investors clamor for Reno-Sparks opportunities

Investors near and far continue to clamor for Reno-Sparks investment opportunities as they seek opportunities to either enter the market — or diversify their holdings in a flourishing industrial market.

Small businesses stabilizing office occupancy rates across Reno-Sparks

Regional office brokers say the Northern Nevada office sector is nearing a semblance of normalcy, although some companies are still navigating the aftereffects of work from home trends.

Has Reno-Sparks become the darling of the multifamily world?

A dearth of multifamily deals has professional investors adjusting their strategies and pursuing different avenues to deploy investment funds and gain a foothold in the Reno-Sparks market.

Playing the long game: Massive Fernley development sets stage for transformative change for Lyon County

The sheer scope of Victory Logistics District, currently under construction in Fernley, is drawing interest from large national tenants that likely would create a “critical mass” once they begin planting their flags in Northern Nevada.

Amid big box boom, industrial brokers in Reno shift focus to smaller users

While big box developers can seemingly do no wrong these days in Northern Nevada, new space for smaller light and flex users has been somewhat of a neglected product class throughout this latest extended round of boom development, industrial developers and brokers say.

Brokers: Reno-Sparks office market faring better than once feared

Regardless of the many ups-and-downs of 2020 and the unknown risk factors brought on by COVID-19, the Reno-Sparks office market wasn’t pummeled as hard as some expected, brokers said.

After dour outlook in 2020, Reno-Sparks retail market primed for big-time bounce-back

Reno Public Market — where Sprouts opens in 2 weeks, and CVS just reopened in a new location — is one of the more high-profile retail developments that has seen vertical movement amid the pandemic. Despite the industry being ravaged throughout most of 2020, optimism in the retail sector abounds.

Keystone Commons development forges ahead with renewed confidence

“We had 90% of this center in LOIs (Letters of Intent), and overnight it went to zero," S3 Development founder Blake Smith sayid with a wry laugh when reflecting on how COVID pumped the brakes a year ago on the much-anticipated Keystone Commons development at Fifth Street and Keystone Avenue.

Solid Reno-Sparks multifamily fundamentals creating fierce competition for investment

Billions of dollars of institutional investment money, low interest rates and unparalleled demand to deploy capital out of California and into Nevada has created a perfect storm for owners of multifamily apartment complexes across greater Reno-Sparks.

Brokers: Record pre-leasing, unprecedented demand putting serious pressure on industrial real estate market

There is currently 4.2 million square feet of industrial space under construction across greater Reno-Sparks, a figure greater than any high-water mark achieved prior to the recession — yet that space isn’t able to drive down vacancy rates because tenants are queuing up to ink deals on those buildings.

Northern Nevada builders struggle to keep pace with skyrocketing demand for new housing

“Home prices can’t keep accelerating at these prices. You just have to hope for a soft letdown instead of a crash," says longtime Reno developer Perry Di Loreto. The NNBW recently spoke with Di Loreto and three other regional homebuilders to discuss the challenges they face in meeting the region’s pressing need for residential housing.

‘This is a big investment’: Work to start this spring on $469 million in upgrades to both of Renown’s hospitals

Perhaps lost amid the news of COVID restrictions and vaccine rollouts over the past several weeks, Renown Health in November unveiled a $469 million plan to upgrade both its main hospitals in a project that officials say will "improve care and have a tremendous, positive effect on our local and statewide economy."

‘Reno has gone viral’: multifamily unit sales thriving throughout Northern Nevada

“Reno has gone viral — (sales) activity has been phenomenal. When we fully expose properties to the market, we are getting like 15 offers," Ken Blomsterberg, senior managing director of investments with Marcus & Millichap, told the NNBW recently.

Despite ongoing difficulties, Northern Nevada’s office real estate market will endure, experts predict

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.

Phase 1 plans underway at 4,300-acre Victory Logistics District in Fernley

Phase 1 of Victory Logistics District in Fernley includes everything south of Interstate 80. The first speculative building will be an 815,000-square-foot distribution facility, with additional buildings of 170,000 square feet and 217,000 square feet planned after that.