When we think we’ve seen it all, we get delivered another whammy! Do you remember all the commercials and reasons to defeat the ballot question seeking Nevadan’s approval for a Margin Tax? How can we so soon forget the barrage of commercials and editorials aimed at defeating that measure? Heck, I wrote some of them myself. Fortunately, the measure was overwhelmingly defeated… … [Read more...] about Margin Tax Defeated? …Maybe Not
Archives for February 2015
Banking In Nevada: Beginning to Flourish
This year, Las Vegas-based Ear Nose & Throat Consultants of Nevada obtained financing from City National Bank for ground-up construction of a 13,000-square-foot surgery center. This is one of many Silver State businesses contributing to increased demand for banking services. “Businesses cannot ignore the need for growth now,” said John Wilcox, the Nevada regional … [Read more...] about Banking In Nevada: Beginning to Flourish
Top Brokers 2015
As Nevada’s commercial real estate market rebounds, the state’s brokers are beginning to see a resurgence of business. The following pages highlight those brokers that performed at the top of their field in 2014. Brokers are listed alphabetically and separated by Northern and Southern Nevada. Broker’s were asked to submit a variety of information concerning their 2014 deals … [Read more...] about Top Brokers 2015
Manufacturing in Nevada: Jobs for the Future
“Think about the last time you were out of total physical contact with all manufactured goods,” asks Ray Bacon, executive director of the Nevada Manufacturer’s Association. “For most of us, we can’t even think about that time because it’s so omnipresent in our lives.” For that reason among many, it can be argued that, for Nevada, no other industry has as much potential for … [Read more...] about Manufacturing in Nevada: Jobs for the Future
Industry Focus: Attorneys
As Nevada’s economy sees improvements in a variety of industries, law firms continue to evolve in order to prepare for the future and better serve their clients. Recently, a group of Nevada attorneys met at the Las Vegas offices of City National Bank to discuss the trends and challenges facing their industry. Connie Brennan, publisher and CEO of Nevada Business Magazine, … [Read more...] about Industry Focus: Attorneys
A Developing State: Growing Economy Encourages New Projects
As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...] about A Developing State: Growing Economy Encourages New Projects
Nevada’s Booming Technology Sector: Start ups Find a Home in Southern Nevada
Almost every major American city has claimed to be the burgeoning, “New Silicon Valley” at some point in the past decade. However, the vibrato concerning Southern Nevada may actually be true. Las Vegas is stepping up its game for tech and startups. Since the recession, the name of the new game in Las Vegas has been business diversification. Nowhere is that reality more … [Read more...] about Nevada’s Booming Technology Sector: Start ups Find a Home in Southern Nevada
Around the State: February 2015
Reno-Tahoe Airport Announces Daily Route to New York The Reno-Tahoe Airport Authority recently announced a non-stop daily service between New York and Reno on JetBlue Airlines. The route will begin May 28th of this year and is the first ever daily, non-stop service between Reno-Tahoe and the John F. Kennedy International Airport. Hometown Health Purchases OneHealth … [Read more...] about Around the State: February 2015
Retiring in the Lap of Taxpayer-Funded Luxury
How pensions in Nevada are often better than paychecks Know a public employee in Nevada who is looking for a pay raise? Tell him to retire. According to a new analysis made possible by the court-ordered release of Nevada’s Public Employee Retirement System payment records, once-public employees in the Silver State are making golden pensions — so generous that their … [Read more...] about Retiring in the Lap of Taxpayer-Funded Luxury
Jeff Ehret: The PENTA Building Group
President and CEO Las Vegas https://www.pentabldggroup.com/ How did you first get into your profession? My father was a commercial contractor. He started bringing me to work on Saturdays when I was 5 years old. He let me ride to the jobs with his laborer foreman in a dump truck. I haven’t looked back since then. If you had to choose another profession, what would it … [Read more...] about Jeff Ehret: The PENTA Building Group
Mark Estee: Reno Provisions
Owner/Chef Reno https://www.facebook.com/RenoProvisions When you were a kid, what did you want to be? I wanted to be a football player, then realized coaching was more in the cards. Then I wanted to be a drill sergeant in the Marines. But, that would require me to join the Marines and, back then, I was not the most dedicated person. This one is odd, I also wanted to be a … [Read more...] about Mark Estee: Reno Provisions
David Marlon: Solutions Recovery, Inc.
President Las Vegas https://www.solutions-recovery.com/ How did you first get into your profession? After years of working at Health Plan of Nevada, I saw a need in my community for addiction recovery sources and knew that my calling was to help people struggling with substance abuse and addiction. What do you want your legacy to be? Substance abuse is the biggest … [Read more...] about David Marlon: Solutions Recovery, Inc.
Red Report: February 2015
E Sale, Industrial ADDRESS 3068-3076 Fremont St., 89104 BUYER Caliente NV, LLC SELLER Heitkotter Family LP DETAILS 19,810 SF; $999,000 APN 162-01-701-003 REP (both) Ben Millis and Chris Beets of Newmark Grubb Knight Frank Sale, Industrial ADDRESS 2512 Abels Ln., 89115 BUYER Torrent Holding Inc. SELLER Abels Lane LLC DETAILS 11,000 SF; $650,000 APN … [Read more...] about Red Report: February 2015
Industrial Summary: Fourth Quarter
Southern Nevada The Las Vegas industrial market vacancy rate fell to 8.0 percent in the fourth quarter of 2014. The vacancy rate is down 3.6 percentage points from a year ago. Industrial vacancies have been in the single digits for three consecutive quarters with annual declines reported for 12 consecutive quarters. In addition, the vacancy rate has declined 9.0 percentage … [Read more...] about Industrial Summary: Fourth Quarter
Business Indicators: February 2015
The “third” estimate for third quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 5 percent, higher than the 3.9 percent growth initially reported. In the revision, personal consumption expenditures and nonresidential fixed investment increased more than previously estimated. Residential investment, net exports, federal government spending, … [Read more...] about Business Indicators: February 2015