Real estate and commercial development companies are faced with a variety of challenges in Southern Nevada’s business climate today. From the lack of affordable land and rising construction costs to timing issues for permits and entitlements, it’s becoming increasingly difficult to remain competitive. However, Plise Companies, LLC (Plise) continues to be ranked among industry … [Read more...] about Plise Companies, LLC: Planning for the Future
Archives for December 2006
Wells Fargo Bank: Looking Toward the Future
Beginning in the mid-1800s, a six-horse stagecoach rumbled across the American West, delivering gold and other valuables. It was a service of Wells, Fargo & Co.’s Bank, San Francisco, a company founded by Henry Wells and William Fargo in 1852. Since then, the Wells Fargo name has been associated with the stagecoach image, which represents the company’s past and service. … [Read more...] about Wells Fargo Bank: Looking Toward the Future
December 2006: Building Nevada Briefs
Survey Shows Real Estate Optimism The Commercial Real Estate Industry Confidence Survey, recently released by McDonald Carano Wilson, Restrepo Consulting Group and Colliers International-Las Vegas, reveals that members of the commercial real estate industry are optimistic about the economic and market conditions in Southern Nevada. Thirty-eight percent of respondents … [Read more...] about December 2006: Building Nevada Briefs
December 2006: Business Indicators
The most recent (September 2006) data for residential permits for both Las Vegas and Reno show a pronounced slowdown, dropping 35.6 percent and 45.4 percent, respectively. These sharp declines reflect market corrections to housing activity that have been in the wind for some time. After the dot-com stock-market decline, housing increasingly became an investment of choice for … [Read more...] about December 2006: Business Indicators
December 2006: Business Up Front
Government Website Aids with Compliance A newly launched federal government website, business.gov, provides business owners with a one-stop resource that searches federal government agencies for compliance information and resources. The site makes it easier to find information on taxes, immigration laws, workplace safety, environmental requirements and other regulations that … [Read more...] about December 2006: Business Up Front
Press One for English? I Don’t Think So!
The recent decision by the Pahrump Town Board making English the official language of the town isn’t likely to make much difference to the nation as a whole, and may not even make much difference in Pahrump. However, the publicity it generated may be put to some good use if it serves to get people thinking about this important issue. The Pahrump law, called the English … [Read more...] about Press One for English? I Don’t Think So!
Relocating Your Office? Some Points to Ponder
If you plan to relocate your office to a new facility, here are a few suggestions. Start the process early, at least six to 12 months before your existing lease expires. The timeframe depends on the size and complexity of your project. An early start will allow you the time to make informed decisions on information provided by your consultants. Assign a member of your … [Read more...] about Relocating Your Office? Some Points to Ponder
December 2006: Face to Face
Mike Kennedy Principal Kennedy Commercial Las Vegas Years in Nevada: 5 Years with Firm: 5 Type of business: Real estate developer with residential and commercial projects underway in California, Las Vegas, Mesquite, North Las Vegas and Montana. Biggest business challenge: Our biggest challenge is managing the multitude of consultants, municipalities and … [Read more...] about December 2006: Face to Face
Deals and Deal-Makers in 2006: Nevada’s Largest Transactions
Mergers, acquisitions and giant-sized construction projects are changing the Nevada market, with hectic activity in banking and the resort industry setting the pace in 2006. Several large bank holding companies swallowed smaller firms, while resort companies bought, sold, swapped and built properties to consolidate and improve their positions in the lucrative tourism market. … [Read more...] about Deals and Deal-Makers in 2006: Nevada’s Largest Transactions
Deal-Makers Extra: Business Bank – Persistence and Corporate Culture Lead to Success
In August, the board of Business Bank of Nevada received an unsolicited offer from City National Bank to purchase their financial institution, which was founded in 1995. Jason Awad, who became chairman of the board of Business Bank of Nevada in December, 1999, said the bank has made an impressive turnaround in the last six years. “It was known as a ‘troubled bank’ and was … [Read more...] about Deal-Makers Extra: Business Bank – Persistence and Corporate Culture Lead to Success
Industry Focus: Law Firms
Leaders of Nevada’s major law firms met recently to discuss issues vital to their profession, which included topics such as staffing, competition from national firms, and the image of attorneys. Connie Brennan, publisher of Nevada Business Journal, served as the moderator for the event as part of Nevada Business Journal’s monthly Industry Focus series. This program brings … [Read more...] about Industry Focus: Law Firms
Nevada’s Office Market: An In-Depth Report
While national and local media outlets have been speculating whether there will be a sharp downturn in housing, the commercial real estate market in Nevada remains healthy. Although it faces challenges due to rising costs for land and construction, plus slightly elevated vacancy rates in Southern Nevada, the outlook for the office markets at both ends of the state seems … [Read more...] about Nevada’s Office Market: An In-Depth Report
Nevada’s Office Market- Extra: Charleston Pavilion Centre Class A Summerlin Project Underway
Charleston Pavilion Centre, located at 10801 West Charleston Blvd. in western Las Vegas, is a six-story, 150,000-square-foot class A office building. Charleston Pavilion, LLC, the investment group that owns the building, purchased the 7-acre site from The Howard Hughes Corporation in 2004 with the intention of having the building serve as the corporate headquarters for Business … [Read more...] about Nevada’s Office Market- Extra: Charleston Pavilion Centre Class A Summerlin Project Underway
Can You Hear Me Now? High-Tech Puts Nevada On The Map
In February 2001, Nevada Business Journal reported on efforts to bring high-tech businesses into the state. The dot.com boom and bust had taken its toll on California’s Silicon Valley, and the article focused on what was being done throughout the Silver State to reap the benefits of the Golden State’s woes. In particular, the article focused on the advantages offered by … [Read more...] about Can You Hear Me Now? High-Tech Puts Nevada On The Map
High-Tech Extra: Dave Clark of CommPartners TBAN’s Entrepreneur of the Year
In September of this year, Dave Clark was selected as the Tech Entrepreneur of the Year by The Technology Business Alliance of Nevada (TBAN). Though his company, CommPartners, was founded in 2003, Clark is a telecom industry veteran with more than 20 years of experience in the field. He started in the telecom industry with a private pay telephone company, one of the first … [Read more...] about High-Tech Extra: Dave Clark of CommPartners TBAN’s Entrepreneur of the Year