Latest stories

Subscribe


Washoe County legal - 46344

Notice of Sale of Motor Vehicles

Washoe County legal - 46335

Notice of Sale of Motor Vehicles

Washoe County legal - 46334

Notice of Sale of Motor Vehicles


Sales show resilience of Reno office market

Two recent office property sales in Reno’s financial hilltop district further demonstrate the continued strength of Northern Nevada’s economy.

People: Cheyenne Holter earns promotion at WETLAB

Western Environmental Testing Laboratory announced Cheyenne Holter has been promoted to sample control manager.

OneDigital acquires Nevada-based Dillon Health

OneDigital has acquired Dillon Health headquartered in Reno.


Area’s business energy needs focus at Minden meeting

Discussion revolved around the power grid’s current capacity versus future capacity needed for the region’s overarching economic development vision.

BIZ & BOOKS REVIEW: How far from your hand is a book?

Probably not far and, look, you have this article in your fingers so you're obviously someone who knows where to find reading material. Chances are that you went to one of two main sources to get your book, right? Read about them in (guess what?) more new books.

People: Shyene Joubert, Ashley Campagna promoted at KPS3

KPS3 has announced the promotion of two team members. Shyene Joubert has been promoted to associate director of content, and Ashley Campagna to account manager.


Harbor Freight relocates to new location in Reno

Harbor Freight Tools has relocated its Reno store to 6013 S. Virginia St.

Your community banker and M&A: More than the money

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 your business: Maximizing value and ensuring a smooth transition

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.


County manager updates projects at CEDA breakfast

Barbee outlines local, Navy housing needs, courthouse expansion.

Reno Startup Week runs Sept. 16-20

When Reno resident Allison Greene attended the inaugural Reno Startup Week in 2023, all she had was a concept and some optimism.

4th quarter challenges can lead to strong local partnerships

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.


5 key actions to keep your investments on track amid election year

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.)

NCET Business Expo postponed until Oct. 22

After much contemplation, NCET has made the decision to reschedule this Friday's NCET Business Expo due to the ongoing community emergency.

Investment sales expected to remain stagnant until mid- to late-2025

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.


Controlling energy costs: A smart move for business owners

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.

Thought Leaders: Andrew Backstrom on Today’s Commercial Lending

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.