Since 2017, CapRock Partners has acquired, entitled or developed more than 5 million square feet of industrial property in Southern Nevada. Reno-Sparks had long been a target market for the company, though, as it continues its expansion plans.
Reno land broker Mark Krueger has been able to order off the senior menu for quite some time now, but contrary to the rumor mill, Krueger is definitely not contemplating retirement.
Big box industrial development in Northern Nevada has slowed to a snail’s pace compared to the frenetic activity of the past few years, but industrial developers still see opportunities to build smaller warehouse spaces that can be divisible to smaller industrial tenants.
Completion of NV Energy’s Greenlink West power transmission line from Southern Nevada to the Fort Churchill substation near Yerington will allow for additional solar and renewable energy development in Northern Nevada.
When Dan Angelesco founded DA Builders five years ago, he couldn’t help feeling a bit like Rudy Ruettiger, the undersized walk-on at Notre Dame who made the Fighting Irish practice squad on sheer determination and grit.
Darrin Peterson started his career at window and door manufacturer Marvin in 1986 as a part-time laborer before becoming a full-time dockhand a few years later.
The developer of the Port of Nevada says the inland port east of Fernley not only alleviates routine shipping delays along Interstate 80 but also allows substantially more goods to flow into Northern Nevada from the Port of Oakland.
Andrew Cross began working at Truckee-Tahoe Lumber Co. and Design Center back in 2006 as a yard laborer.
Roswell has long been ground zero for ufology tourism, but the city of nearly 50,000 residents and seat of Chaves County in southeastern New Mexico will soon be known for more than crashed extraterrestrial vehicles, alien corpses, and cover-up conspiracy theories.
After years of work to find the right location, the owners of the Flowing Tide Pub are finally bringing their tavern concept to the burgeoning and underserved Spanish Springs market.
When Gatlon Reyman, preconstruction manager at Reyman Bros. Construction, was in high school, he decided to enter a speech and debate competition. Although his initial attempts fell flat, he persevered — and eventually won his first debate.
Steel has topped out on the new front door to University of Nevada, Reno. The College of Business building going up at UNR’s Mathewson Gateway District celebrated in late April its topping out ceremony, with the last piece of structural steel flown into place by crane.
The days of hoarding hundreds of rolls of toilet paper are long gone, and that resetting of consumer demand after the pandemic is creating fundamental shifts on Northern Nevada’s industrial market.
Las Vegas-based Leggera Development will break ground in early May on an 83-unit townhome project that’s at the front door of the master-planned Five Ridges development off Highland Ranch Parkway in Spanish Springs.
McDonald Carano employs 75 in Reno, including 26 attorneys, as well as another 65 people in its Las Vegas office, which opened in 1982. The firm also has an office in Carson City.
Jo Lown took control of the business near the end of 2009 when Bully’s was 14 days into chapter 11 bankruptcy proceedings.
66 lithium-ion battery cells per second. 5.5 million per day. 2 billion per year.
Longtime Reno general contractor Dennis Banks is approaching retirement age for some people, but Banks isn’t quite ready to begin writing the final chapters of his lengthy construction career.
Los Angeles-based developer Industrial Realty Group is adding to the redevelopment of the greater Midtown area with a new 4,500 square feet retail building on East Plumb Lane.
There was a time when drivers could get almost anywhere in Reno-Sparks in about 20 minutes. Those days are well in the rearview, however.
The Great Recession that began in 2008, followed by a drought year in 2009, almost spelled the end for Western Turf.
John Dunlap, founder of venture studio D4 Media, said the late February launch of Dunlap Gun Storage stemmed in large part from a plethora of inquiries from firearms owners for responsible storage of their guns.
Burning Man’s gain could be Washoe County’s pain when it comes to geothermal development.
Dragonfly Energy has gained so much traction providing lithium-ion batteries for the RV industry that its batteries now come as standard equipment with every iconic Airstream travel trailer that’s shipped from the company’s manufacturing facility in Jackson Center, Ohio.
Jacobs Entertainment’s deal to swap a to-be-constructed housing development on Second Street for the aging Sarrazin Arms Apartments on Third Street will provide the Reno Housing Authority with 65 new affordable housing units – but keys likely won’t be turning locks for several years.
When Jacob Williams was injured in the line of duty while working for the California Highway Patrol in 2016, he transitioned from the patrol car to an administrative position. In 2020, however, Williams transferred from Sacramento to Truckee and found himself back in the patrol car. An early retirement followed soon after.
Amanda Hilton’s career journey from mine site accountant to general manager of the Robinson copper mine west of Ely to president of the statewide Nevada Mining Association is a story of perseverance and ability that’s more than two decades in the making.
When Jeffrey Snyder began working as executive director for OB-GYN Associates nearly 17 years ago, the practice had eight physicians. Today, it has 16, along with five nurse practitioners and three ultrasound technicians.
Renown Regional Medical Center’s service area is more than 100,000 square miles, stretching from Elko to Bishop to Lake Tahoe.
A decade ago, Victor Fuchs decided it was time for Las Vegas-based Helix Electric of Nevada to open an office in Northern Nevada.
Land once targeted for a Bass Pro Shops retail store at the junction of Mount Rose Highway and U.S. 395 will have a much different use as Panattoni Development Co., has kicked off mass grading for its 580 South mixed-use industrial development.
When Nick Sorrentino met Eric Breslow in the control booth during a KC and the Sunshine Band concert at Grand Sierra Resort in 2022, the duo could never have predicted that they would lead the company responsible for all the stage, lighting and sound equipment at Hot August Nights and other major concert events throughout Reno and Sparks.
Northern Nevada’s retail market showed its resiliency throughout 2023, with strong positive net absorption and a slight uptick in average monthly rental rates.
Adam Seger is keen on industrial development in Northern Nevada, but the principal at Indianapolis-based Pure Development said it’s quite a different process to find — and clear — land in the Silver State than in his home state of Indiana.
Just under 9 million square feet of new Class A warehouse buildings were constructed in Northern Nevada in 2023, a high-water mark far outpacing the five-year annual average of 3.5 million square feet, Kidder Mathews reports. Despite robust leasing activity, with 105 deals inked over the course of the year, the copious amount of new development pushed overall industrial vacancy rates just south of 7 percent.
Commercial real estate brokers in the office and multifamily sectors are glad 2023 is in the rearview. A new year usually brings a fresh outlook, and regional office brokers are in dire need of a breath of fresh air. Dust has finally settled from the cultural and workforce shift that saw thousands of employees leave big office buildings for cozy home workspaces, and the heavy lifting can begin to try and reposition or fill those vacant spaces.
Ryan Nicole Putzer purchased Small Strides early learning center on Prototype Drive in South Meadows in 2008. With a waitlist currently numbering more than 700 kids deep at the facility, Putzer knew there was a critical need for more day care options throughout the region.
West Fourth Street and the Neon Line District grab more headlines, but revitalization work on the other side of Virginia Street is poised to bring new retail experiences to East Fourth Street. Real estate redeveloper Josh Thieriot is as bullish as it gets about East Fourth Street. Thieriot owns multiple properties in the area and is currently renovating 903 E. Fourth St. Thieriot also plans to transform the expansive brick building across the street at 900 E. Fourth St. into an eatery and retail marketplace.
A long-delayed condominium project in Incline Village is scheduled to break ground this spring on two acres at the corners of Tahoe and Southwood boulevards.
Perenn Bakery’s wildly successful first few years at The Village at Rancharrah has led owners Aubrey and Tyler O’Laskey to expand their footprint and open a retail grocery in the popular boutique shopping center. This spring, the O’Laskeys will open an approximately 2,500-square foot grocery next door to Perenn Rancharrah bakery. Half the space that formerly housed Centro South is already being used by Perenn staff to prep all of their savory goods. The other half is being built out to be a specialty grocery and home goods shop to sell prepared foods, coffee, espresso drinks, and additional goods from local farmers and specialty retailers.
The building is divided into five storage chambers, any one of which can be chilled from negative-10 to 40 degrees Fahrenheit.
Back in 2013 when Colby and Ashley Frey broke ground on a distillery to produce ultra-premium whiskey using grains grown on their 2,500-acre farm in Fallon, they made just 4,000 nine-liter cases of whiskey.
A side venture to fill half of an empty industrial building in Stead may prove to be a profitable new line of business for Silver Lake Storage owner Peter Styczen. Styczen has operated a growing third-party logistics company for the past 15 years. Tempo Fulfillment Inc. was founded in Aurora, Ill., and expanded to Pinellas Park, Fla., about eight years ago. In 2018, Styczen expanded again into Northern Nevada with a 30,000-square-foot warehouse on Echo Avenue in Stead.
The national trend of build-to-lease communities is gaining quite a foothold in Northern Nevada. Build-to-lease or build-to-rent communities are developed by home builders who lease rather than sell the new residences.
The fact that housing costs in Lake Tahoe and Truckee are untenable for front-line ski resort employees is as well known as the 10-minute rule about changing weather patterns in Northern Nevada. Seasonal employment at regional resorts spikes into the thousands when lifts start spinning in late November and early December. In an effort to lure and retain front-line resort employees, as well as provide lodging options for key year-round employees, major ski resorts in Northern Nevada and Northern California have added a variety of housing assets to their real estate holdings or signed numerous master leases on Tahoe-area motel and lodging properties.
One of the oldest tilt-up industrial complexes in Reno is seeing new life, and it’s already resulted in nearly full occupancy from a spate of new tenants.
Transforming the large vacant lot at the corner of Moana Lane and Neil Road into a workforce affordable housing apartment complex has already been a 27-month journey for developer Lincoln Avenue Capital, and the project is truly just beginning.
Third-party logistics provider Fidelitone’s move into a new warehouse that’s 340 percent larger than its initial space in Northern Nevada positions the company to earn new business and better serve existing customers.
Northern Nevada’s white-hot industrial market is cooling faster than a late-fall sun slipping over the Western Sierra skyline.
CandleScience, which sells a wide range of candle-making kits and supplies, moves into 96,000-square-foot distribution center in The Park at McCarran.