December 17, 2018
"As We Look Ahead into The Next Century, Leaders Will Be Those Who Empower Others." Bill Gates
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Gerrit brings a depth of knowledge across multiple asset classes, including residential, land, office, and multifamily. His 15 years in the business have brought successful and equitable transactions for his clients amidst rising and falling market conditions. At his previous companies, Momentum Brokers and Venture REI, Gerrit was among local industry leaders in the acquisition and repositioning of both distressed and performing assets. Through various procurement strategies, Gerrit was responsible for building rental portfolios for several hedge funds and private equity firms.
“Due to the influx of new companies coming into Reno and the outlying areas, it will be important to mesh the needs of the communities with those of the companies in order to satisfy both market segments." Read More...
Local News 
That new list of new and expanding companies assisted by EDAWN this year is particularly interesting because of the variety of sectors that are coming to town. (Less than a third of the 29 companies are in logistics, historically our bread and butter.) Strong economies need more than lots of jobs; they need diverse employment as well.

The opening of the WoodSprings Suites hotel at Vista and Interstate 80 marks the start of another wave of new limited-service, non-gaming hotels in suburban submarkets of Reno and Sparks. Home 2 Suites, a Hilton brand, is scheduled to open this winter near South McCarran and South Virginia, next to Meadowood Mall, and more properties are nearing completion in south-Reno markets.

Wondering who’s going to backfill that vacant Sears space at Meadowood Mall? Maybe nobody, as shopping mall executives say they expect to see demolition of a goodly number of former Sears locations around the country. It’s not surprising, given the very slow growth in big-footprint retailing.
“We’re losing the planet because of climate change, that’s the elephant in the room. Society is basically working on symptoms. Save the polar bear? If you want to save the polar bear, you got to save the planet,” Chouinard says. “Forget about the polar bear, they’re toast anyway. So I decided to make a very simple statement, because in reality, if we want to save the planet, every single company in the world has to do the same thing. And I thought, well, let’s be the first.”

Patagonia gave Tompkins Conservation $185,000 to get on it. And they are, working with the governments of Chile and Argentina on the establishment of new protected lands. “It’s not like we had to buy up a ton of land and force our way in. It’s strategic investment that has really paid off,” says Chouinard. “This whole thing could be done by Christmas. Can you believe it?” Read More...
President Donald Trump will sign an executive order to form a committee tasked with directing federal dollars into opportunity zones, the New York Times reports. The committee will be led by Secretary of Housing and Urban Development Ben Carson and bring together 13 federal agencies, including the Departments of Agriculture and Justice, according to the Times.

Trump's announcement has sparked criticism from government watchdogs and consumer advocates concerned about the potential conflicts of interest with senior officials in the White House owning properties that could benefit from opportunity zones. This censure has been heightened by the fact that Ivanka Trump was perhaps the policy's chief supporter within Trump's inner circle, the Associated Press reports. Read More...
“What comes after co-working?
What’s the next frontier?” asks Harrigan, who launched Company this fall.
“We think it’s a tech campus.”
This is Company, a new take on mixed-use tech office space that the Milstein real estate family is bankrolling in a 1.1-million-square foot midtown Manhattan high-rise. The idea: mix startups, which will pay below market rates, with big corporations, which will pay a premium for the chance to have their employees close to entrepreneurial energy. Fill out the building with shared spaces like a cafeteria, a bar and a gym to encourage employees to mingle. And take swings at bigger profits through a $50 million venture fund that will back some of the project’s high-growth startup tenants. Read More...
Most prospective real estate investors can spot red flags indicating a bad investment — a long listing time, steadily declining asking prices, high neighborhood turnover, etc. But what about "green flags"?

Signals that an investment might be promising are just as important to consider, and you don't want to overlook them when you're hunting for a great real estate deal. We asked a panel of  Forbes Real Estate Council  members what aspects of a property or neighborhood they would consider a sign of positive investment potential. Their best answers are below. Read More...