The Decision Maker's Magazine
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Las Vegas By the end of 2012, vacancies in the retail sector reached their lowest level since the first quarter of 2009. The vacancy rate ended the year at 9.9 percent, down 0.3 percentage points when compared to last quarter (Q3 2012). Compared to a year ago (Q4 2011) the rate is down an even… [More...]
NAIOP Southern Nevada Chapter Announces Independent Support of 2009 Transportation Bill (Las Vegas) – In response to misinformation in the current Las Vegas municipal election, NAIOP Southern Nevada sought to clarify that the organization’s support of the public-private partnership legislation, which would have authorized tolling for new highway projects and was requested by the Nevada… [More...]
Las Vegas, March 27, 2013 – The American Red Cross and The Laugh Factory have teamed up again to thank southern Nevada and southern Utah area blood donors. According to Lisa Mott, collections manager for the Red Cross in Las Vegas, “All presenting donors who give blood with the Red Cross between April 1 and December… [More...]
The Las Vegas Global Economic Alliance Announces Several Prominent Companies Have Been Approved for Incentives in Nevada (Las Vegas – March 21, 2013) — The Governor’s Office of Economic Development Board for Nevada approved a series of incentives today for companies planning to relocate or expand into Southern Nevada. Cumulatively, the seven applications could generate… [More...]
Nevada Homeowners Band Together for ‘Save My Community’ Initiative during 2013 Legislative Session (Las Vegas) — In an effort to get their voices heard about important bills that will affect their communities and futures, hundreds of homeowners have banded together to take part in a “Save My Community” coalition. The Grassroots Initiative Committee, which has members… [More...]
NAIOP Southern Nevada Chapter Announces New Officers, Board of Directors, Committee Chairs and Liaisons for 2013 (Las Vegas) – The NAIOP Southern Nevada chapter, a trade organization representing commercial real estate developers, owners and related professionals in office, industrial, retail and mixed-use real estate serving the Southern Nevada market, has announced its 2013 officers, board of directors,… [More...]
(Las Vegas – March 7, 2013) – BMM Testlabs, the world’s leading gaming product testing laboratory and technical consultancy, announced today it has opened the doors to its new headquarters in Southern Nevada, paving the way for continued growth and employment opportunities in the region. The newly expanded space, located at 815 Pilot Road, Suite… [More...]
As the Silver State struggles to pull itself out of the worst recession many Nevadans have seen in their lifetime, executives are beginning to see a light at the end of the tunnel. This year marks the eleventh annual Power Poll wherein Nevada Business Magazine asked executives throughout the state to speak up on issues… [More...]
With increasing sales and home values, Nevada’s housing market shows signs of recovery and strength not seen in recent years. “We’re on a good path right now,” said Patti Kelley, president of the Nevada Association of Realtors (NAR), a group that provides services to its members and advocates for private property rights. “We’re pulling out… [More...]
Las Vegas During the fourth quarter of 2012, the office sector witnessed a quarter-over-quarter increase in vacancy rate. The market-wide vacancy rate for the fourth quarter of 2012 was 25.3 percent, up 0.3 percentage points when compared to the prior quarter (Q3 2012). Over one-fourth of existing office space has now been vacant for five… [More...]
Nevada is a hub state, with easy access and distribution from both ends of the state to the Western states. Northern Nevada offers access by roadways, railways and an international airport as well as additional airports in surrounding areas. Southern Nevada offers ground access to Los Angeles, Phoenix, Salt Lake City and points south. The… [More...]
Southern Nevada Businesses Expect a Better 2013 According to the Southern Nevada Business Confidence Index, compiled by UNLV’s Center for Business and Economic Research, Southern Nevada businesses’ expectations are improving. The report found that, after two quarters of declining expectations, the index rose from 101.5 to 106.1 for the first quarter of 2013. The index is… [More...]
Las Vegas With no completions during the quarter, the industrial market witnessed some increased demand, reporting approximately 32,000 square feet of positive net absorption. However, for the year, absorption remained negative with 243,700 square feet of net move-outs. Average asking rates remained flat at $0.51 per square foot per month for the fourth consecutive quarter.… [More...]
Commercial Real Estate Experts Anticipate Slow Growth in 2013 LAS VEGAS (January 21, 2013) – With vacancy decreasing in the office and retail sectors, Colliers International – Las Vegas’ fourth quarterly market report of 2012 points to signs of slow and steady growth in 2013, despite increases in vacancy in the industrial and medical office… [More...]
New physician provides advanced cardiac testing and care in Southern Nevada LAS VEGAS – (January 17, 2012) Cardiologist Jacques Joseph Lamothe, M.D. has joined Cardiovascular Consultants of Nevada HealthCare Partners Cardiology, a premiere physician-led cardiology group providing specialty care in Southern Nevada. On Jan. 1, Dr. Lamothe began seeing cardiology patients at the HealthCare Partners… [More...]
Mark Stark, Prudential Americana Group Prudential Americana Group, one of the country’s largest Prudential Real Estate franchises, was the only real estate company in Southern Nevada to participate in the Toys for Tots holiday drive. The company, its real estate sales executives and team members donated approximately 1,000 new, unwrapped toys for Las Vegas children.… [More...]
Home Prices Rising in Las Vegas According to recent statistics from the Greater Las Vegas Association of Realtors (GLVAR), Southern Nevada home prices increased again in November. The median price of single-family homes sold was $146,000, up 4.3 percent from the $140,000 in October and up 16.8 percent from the same period last year. Alternatively, in… [More...]
Las Vegas While the vacancy rate in the Las Vegas retail sector remains elevated, it posted both consecutive-quarterly and annual declines during the third quarter of 2012. The market reported a vacancy rate of 10.2 percent during the third quarter, down 0.3 percentage points when compared to the prior quarter (Q2 2012). Compared to a… [More...]
Connie Gamble, a longtime local commercial real estate broker and board member of the Commercial Alliance Las Vegas, was recently honored by the National Association of REALTORS® for her achievements in commercial real estate and her contributions to her profession. During NAR’s annual meetings held last month in Orlando, Fla., Gamble was one of 41… [More...]
LAS VEGAS – (December 17, 2012) – Mike Mixer, managing partner of Colliers International – Las Vegas, announced today the company has hired Vincent Schettler as a senior vice president within the company’s land division. Schettler’s areas of expertise include land acquisition, negotiation and project management. As a member of the land division, he will… [More...]
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Playing Politics with Education: Teachers Union Throws Students under the Bus
Nevadans will find out this month whether the Clark County School District (CCSD) qualifies for a $40 million grant from the federal government’s “Race to the Top” program. The money would provide high-tech tools and programs at 63 schools to help 41,000 students with limited English skills. It would fund 46 new jobs for teachers… [More...]