Jessica Schneider always dreamed of owning the building that houses Junkee Clothing Exchange at 960 S. Virginia St. in Midtown Reno. So much so that she used to leave Post-It notes throughout the building that said as much.
A move into a 137,000-square-foot facility at Tahoe Reno Industrial Center will likely prove transformative for the battery recycling company.
Scott Pruneau, chief executive officer at Reno-based ITS Logistics, has spent his entire career working in the supply chain industry.
The owners of Roundabout Catering continue to build their growing regional food-service empire. MaryBeth and Colin Smith in 2022 opened the 12,148-square-foot The Meadows Event Venue in Fernley and also acquired the former Campo location at the Truckee River in downtown Reno and rebranded the space as a new restaurant concept, Smith and River. Their most recent acquisition is Franco Baking Co., on Glendale Avenue in Sparks.
The largest retail shopping center to be built in more than a decade in Fernley is underway.
Capstone Advisors first residential project in Northern Nevada is a master-planned community on just over 112 acres in Lemmon Valley. The real estate investment and development company headquartered at Carlsbad, Calif., purchased the bulk of its land holdings in 2017 and constructed the fully leased 11,000-square-foot SkyVista Village on Vista Knoll Parkway adjacent to Walmart, said Mark Hayden, vice president of development for Capstone Advisors.
Dragonfly Energy’s roots are in providing lithium-ion battery storage systems for the RV industry.
Robert Lewis has spent a lifetime reading regional real estate markets. In an interview with NNBW last week, Lewis, president of the Nevada Division of the Lewis Group of Companies, said multifamily properties remain in high demand as the cost of goods and interest rates have skyrocketed. It’s one of the primary reasons that Lewis Apartment Communities broke ground on a 306-unit multifamily project at Kiley Ranch in Sparks.
A few years ago, when Majestic Realty was scouting new markets to add inventory to its more than 83 million-square-foot portfolio, it didn’t take the strategic team long to decide to make a play in Reno.
Home sales declined, and home prices and rental rates fell.
Veteran real estate agent Elizabeth Quinn hasn’t wasted any time making her presence felt at Dickson Realty. Quinn joined Dickson Realty in early December, and in just her third day on the job, she reached out to Heidi McFadden, co-owner of RCM Realty Group, to discuss an acquisition. RCM Realty Group was acquired by Dickson Realty in the fourth quarter. Terms of the acquisition were not disclosed.
Rising interest rates, increased borrowing costs, and the threat of a national recession did little to slow Mohr Capital’s first speculative industrial building in Northern Nevada.
Brian Loy, president and founder of Sage Financial Advisors, has spent more than 40 years helping Northern Nevada clients and businesses grow their wealth.
The high desert of Nevada may soon become the West Coast’s largest supplier of farm-raised Atlantic salmon.
The November opening of Armando & Sons Butcher Shop in the Village at Rancharrah is the culmination of a 20-year long dream of having a retail location for owners Chris and Joanne Flocchini.
Due to the extent of the damage, some people thought the resort would never reopen.
A new business segment that could account for as much as 30 percent of Miles Construction’s annual revenue came about entirely by happenstance. Cary Richardson, president of Miles Construction, told NNBW last week that the company’s work constructing large cultivation facilities for the cannabis industry provided a foundation for ongoing work in the indoor farming industry. Building horizontal and vertical greenhouses adds a crucial source of revenue for Miles Construction that could act as a buffer against cyclical slowdowns in the construction industry, Richardson said.
South Reno’s rapidly growing population is the impetus behind a new medical facility being built at Renown South Meadows Medical Center.
The former subdivision has been vacant since the 1980s.
When Chief Martin Brody, Roy Scheider’s character in the 1975 movie Jaws, first lays eyes on the massive shark while spreading chum at sea, he utters one of cinema’s most enduring and iconic lines: “You’re gonna need a bigger boat.” It’s kind of the same for banking executives at Greater Nevada Credit Union after expanding a 2020 pilot program that provided banking services to cannabis-related businesses in the Silver State. After taking more than 40 clients since the program's inception, GNCU realized it needed to invest in larger counting machines to handle the heavy volume of cash generated from its CRB customers.
Two new retail openings at West End Commons at Fifth Street and Keystone Avenue will further solidify the retail resurgence happening along the Keystone corridor.
Construction is expected to be completed by the end of the year.
One local and one out-of-state multifamily development company announced that they will bring two new affordable housing projects to Northern Nevada.
Since 1998 Bobcat has served the entire U.S. from its flagship aftermarket parts distribution facility in Woodridge, Ill.
The park could add as much as 9 million square feet of new Class A inventory
When Shilpi Garg needed to complete a pediatric residency program as part of her medical studies, she left Reno and headed to California’s Central Valley to enroll in the University of San Francisco-Fresno pediatrics scholars program. Garg grew up in Northern Nevada and still has family here. She knew she would return to the Biggest Little City after completing her pediatrics residency and a fellowship in pediatric cardiology at Oregon Health & Sciences University in Portland.
EE Technologies' renewed focus on Made in America products has lifted the company to new heights.
It took years to complete, but Moment Skis’ acquisition of its new headquarters facility on Bible Way in Reno was a crucial step in the company’s ongoing expansion efforts. Moment Skis Chief Executive Officer Luke Jacobson told NNBW in an interview last week that the company was bursting at the seams in its old 7,500-square-foot location on Marietta Way in Sparks. Moment’s new 20,000-square-foot building, acquired near the end of last year, was gutted and retrofitted to meet the company’s manufacturing needs, Jacobson said.
The 795,000-square-foot facility is the 13th fulfillment center for the online pet food and pet products retailer.
Serial entrepreneur Cheryl Lewis, founder of NVO Construction in Stead, wants to disrupt the way homes are built in Northern Nevada.
The Rhyolite Ridge lithium-boron project also would deliver roughly $100 million annually in boron.
Two big construction projects underway at regional ski resorts will likely transform daily operations.
The sudden surge in mortgage interest rates has created a much-needed buffer for prospective homebuyers scouting the market for suitable properties.
The training center in Reno will be owned by Panasonic and will be equipped by Truckee Meadows Community College and staffed with college instructors.
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.
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.
A flurry of recent multifamily openings and groundbreakings is slated to bring hundreds of new apartment doors to the Greater Reno-Sparks market.
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.
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.
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.”
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.
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.
Renown Health sent a clear message last week to unvaccinated employees: get jabbed or get gone.
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.
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.
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.
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.
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.
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.
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.