Recovery Transitioning into Expansion and Reinvention

Las Vegas – While some sectors of Southern Nevada’s commercial real estate market are still recovering from the Great Recession, others have thrived. The warehouse/distribution sector has shown such strong demand over the past three years that vacancy in that sector is now just 3.2 percent. This has stimulated new speculative construction on a level not seen in Southern Nevada … [Read more...]

Colliers International: Demand for Commercial Real Estate at Seven-Year High

LAS VEGAS – Demand for commercial real estate in Las Vegas has reached a seven-year high, according to Colliers International’s first quarter reports. Colliers International noted that all segments of commercial real estate saw positive net absorption in the first quarter of 2015, with the industrial market leading the way. Vacancy in warehouse buildings has been cut in half … [Read more...]

Business Indicators: March 2015

Nevada Business Indicators: March 2015. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for fourth quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 2.5 percent, much lower than the 5.0 percent growth experienced during third quarter 2014. Personal consumption expenditures, nonresidential fixed investment, residential investment, changes in private inventories and state and local government spending made … [Read more...]

CALV, Xceligent Report Shows Improving Commercial Real Estate Market

A report released by Xceligent and CALV shows continued improvement in the commercial real estate market.

LAS VEGAS – A report released by Xceligent and the Commercial Alliance Las Vegas (CALV) shows continued improvement in the commercial real estate market in Southern Nevada, though some parts of the market are recovering from the Great Recession faster than others. “This report from CALV and Xceligent shows that most sectors of our market are faring better than in past … [Read more...]

More Than 2,600 Acres of Land Sales in 2014 Demonstrate Growth for Southern Nevada

LAS VEGAS  – The land market in Southern Nevada continues to recover, as evidenced by the fourth quarterly market report of 2014 from Colliers International – Las Vegas. During the past 12 months, the market witnessed the sale of more than 2,600 acres of industrial, commercial and residential land, accounting for more than $700 million in sales volume. According to experts at … [Read more...]

“Giving Gene” Alive in Las Vegas and Beyond

Study found that despite the effects of the Great Recession and the housing slump, the “giving gene” remains intact, and active, in Las Vegas and beyond.

Focus Financial Partners|UBS Financial Services Inc. Reports that Recovery Has Helped Charitable Giving in Valley LAS VEGAS — UBS Wealth Management Americas http://www.ubs.com/us/en/wealth.html released its quarterly UBS Investor Watch report in November of 2014, “Doing Well At Doing Good,” which explores wealthy investors’ giving habits. The study found that despite the … [Read more...]

Dickson Realty Awarded Revitalization Award

Dickson Realty Awarded Revitalization Award from Truckee Donner Chamber of Commerce Dickson Realty has been awarded the 2014 large company Revitalization Award from the Truckee Donner Chamber of Commerce in honor of its new 7,048 square foot office building in Truckee. The award recognizes new construction and/or renovation projects that help make Truckee more visually … [Read more...]

LVGEA Board Extends CEO Tom Skancke’s Contract

The Board of the Directors of the LVGEA extended for two years the contract of Tom Skancke, current president and CEO.

LAS VEGAS — The Board of the Directors of the Las Vegas Global Economic Alliance extended for two years the contract of Tom Skancke, current president and CEO of the LVGEA. The board took this action during its October meeting. “Economic development and diversification are two of the most pressing issues facing Southern Nevada as this region accelerates its growth out of … [Read more...]

Educating, Connecting Entrepreneurs; Median Home Price Hits $200,000; 5K to Raise Funds for Kids with Cancer

Las Vegas Will Launch 1 Million Cups to Educate, Connect Local Entrepreneurs 1 Million Cups, a program to engage, educate and connect entrepreneurs, launched in Las Vegas on Wednesday,  August 13. The weekly event will be located in the inNEVation Center, powered by Switch. 1 Million Cups is a weekly gathering that is building startup communities over cups of coffee and … [Read more...]

Dealership Invests in Multimillion-Dollar Renovation Project

Park Place Infiniti’s renovation project is expected to further boost sales for the dealership.

LAS VEGAS – Economic studies in recent months have pointed to Nevada’s steady recovery from the Great Recession. Most major economic indicators have started pointing in a positive direction. Local car sales have been especially strong recently, rewarding the multimillion-dollar investment and long-term confidence the owners of the Park Place Infiniti dealership on West … [Read more...]

Retail Real Estate Sector Begins Comeback in Second Quarterly Report From Colliers International – Las Vegas

Office sector enjoys resurgence in 2014, anticipates challenges in 2015 LAS VEGAS – Following two consecutive quarters of negative net absorption in the retail sector, the second quarterly market report of 2014 by Colliers International – Las Vegas highlighted more than 200,000 square feet of retail net absorption and more than 30,000 square feet of new completions in the … [Read more...]

Nevada Suffers 13,200 Job Losses: 2.7 Million U.S. Jobs Lost Over the Last Decade Due to Growing Trade Deficit with China

Aug-23

Nearly 77 Percent of Job Losses in U.S Manufacturing See Where Your State Ranks Nationally-Real Numbers and Percentage Call Contacts for State-by-State Breakdown Washington, D.C. – More than 2.7 million American jobs—2.1 million of them in manufacturing— have been lost or eliminated since 2001, due to the United States’ mushrooming trade deficit with China since that … [Read more...]