April 2014: Around the State

Read business news from around Nevada for April 2014.

Nevada Leads the Way in Clean Energy According to a report from the Clean Energy Project, since 2010 Nevada has invested at least $5.5 billion in clean energy projects. The state ranks sixth in the United States in installed solar capacity and will host four major trade conferences for the clean energy sector this year. The… [More...]

Nevada Real Estate & Development Report: April 2014

Read the Nevada Real Estate and Development Report: March 2014 - Commercial real estate and development - projects, sales, and leases.

E Sale, Retail ADDRESS 5050 E. Russell Rd., 89122 BUYER Wyandotte, Inc SELLER Kathleen & Adrian Varni Trust DETAILS 24,034 SF; $2,200,000 APN 161-28-401-011 BUYER’S REP Neil Dela Cruz of MDL Group SELLER’S REP Katherine Bergh of Marcus & Millichap Loan, Office ADDRESS 2575 E. Sahara Ave., 89104 BORROWER Reliable Auto Sales LENDER TMC Financing… [More...]

Retail Summary: Fourth Quarter 2013

Southern Nevada The Las Vegas retail vacancy rate fell below 10 percent or the first time since 2008 as it ended 2013 at 9.2 percent. The latest rate is down 0.2 percentage points from the prior quarter and represents a decline of 0.8 percentage points from the prior year. During the fourth quarter, the retail… [More...]

Business Indicators: April 2014

Nevada business indicators: April 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “second” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 2.4 percent, lower than the 3.2 percent growth first reported in the “advance” estimate. The revision consisted of a smaller increase in personal consumption expenditures from third to fourth quarter 2013. Non-residential fixed investment, net exports… [More...]

Officials Break Ground on Moapa Paiute Tribe Solar Project

The first utility-scale solar project on tribal land is underway in Southern Nevada. U.S. Senate Majority Leader Harry Reid (NV) joined representatives from the Moapa Band of Piautes and executives from First Solar, Inc. (Nasdaq: FSLR) and the Los Angeles Department of Water and Power (LADWP) to kick off construction on the 250 Megawatt power… [More...]

NVHCA Perry Foundation recognizes Nevada’s top-performing health care facilities and professionals

The NVHCA Perry Foundation “Endeavors” recently recognized the state’s top-performing health care facilities working in post-acute care with events.

LAS VEGAS – The Nevada Health Care Association (NVHCA) Perry Foundation “Endeavors” recently recognized the state’s top-performing health care facilities working in post-acute care with events at John Ascuaga’s Nugget Casino Resort in Sparks on March 1 and at Silverton Casino Hotel in Las Vegas on March 8. The Perry Foundation is a nonprofit organization that… [More...]

Business Indicators: March 2014

Read Nevada business indicators: March 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “advance” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 3.2 percent, below the 4.1 percent growth experienced during third quarter 2013. Personal consumption expenditures, non-residential fixed investment, net exports and state and local government spending made positive contributions. Federal government spending and residential investment made… [More...]

Back to Basics: Architects and Engineers in Nevada

Architects and engineers around the Silver State say they expect to see the appearance of a light at the end of the recession tunnel this year.

It may not usher in the booming economy that Nevadans were basking in just a short decade ago, but architects and engineers around the Silver State say they expect to see the appearance of a light at the end of the recession tunnel this year. “The outlook looks quite good. There was almost a stop… [More...]

Business Indicators: February 2014

Read Nevada business indicators: February 2014. Includes status of U.S. Nevada, Las Vegas, and Reno economies.

The “third” estimate for third quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 4.1 percent, an improvement over the 3.6 percent growth reported in the “second” estimate. Higher levels of personal consumption expenditures and nonresidential fixed investment were responsible for the upward revision. Residential investment, net exports, and state… [More...]

An Industry Revived: Commercial Real Estate in Nevada

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said.

Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said. Due to a confidence that the market is on the upswing, investors and tenants are willing to buy and lease. In fact, brokers completed some sizable deals in 2013, including the sale to… [More...]

WETLAB expands Las Vegas team

Las Vegas, NV — Western Environmental Testing Laboratory is expanding their Las Vegas team; Chris Abraham joins WETLAB as business development specialist. Abraham previously worked at Cardno-ENTRIX as field technician and assistant task manager for two years. In 2008, Abraham participated in a field study of the East African Rift System in Tanzania. Abraham is… [More...]