The majority of the state’s activity can be found in Southern Nevada, which had $4.4 billion worth of construction during the first five months of 2008 – a 21 percent increase over the first five months of 2007, reports McGraw-Hill Construction. Active commercial developments are seemingly making-up for the sharp residential downturn. Many of today’s projects are being … [Read more...]
Archives for August 2008
August 2008: Business Up Front
Top Executives Deal with Tough Economy Given the volatile economy of late, a new trend in CEO behavior has emerged. According to the 2008 Management Action Programs Inc. (MAP) quarterly survey, many CEOs are refraining from making bold, sudden business moves right now. Instead, many are opting to shift management gears into a “hunkering down and building up the business” … [Read more...]
Industrial Market Summary: First Quarter 2008
Las Vegas In the first of quarter 2008, the Las Vegas Valley’s speculative and non-speculative industrial market saw 2.8 million square feet of new space enter the market. This increased the Valley’s inventory from the previous quarter by 2.8 percent to 102.3 million square feet. Sublease space represents a small but growing portion of the Valley’s industrial market, rising … [Read more...]
Charitable Contributions: Finding Your Philanthropic Style
Individuals and businesses in the United States have a long history and tradition of sharing their good fortunes by generously donating to charitable and philanthropic causes. In 2007, charitable contributions reached an estimated record high of $306.39 billion, according to Giving USA 2008, the yearbook on philanthropy by Giving USA Foundation released in June, 2008. Business … [Read more...]
August 2008: Nevada Briefs
Prominent LA Law Firm Cements Its Presence In Las Vegas Christensen, Glaser, Fink, Jacobs, Weil & Shapiro, LLP opened a Las Vegas office located at 3763 Howard Hughes Parkway, Suite 300. The firm is known for its success in complicated high-risk litigation. It is currently one of the only law firms in the U.S. with comprehensive knowledge and experience in the Leadership … [Read more...]
Do you feel Nevada’s economy will be stronger in the coming year?
Von Heinz, Partner, Lewis and Roca LLP, Las Vegas “The economic malaise that grips the country will impact Europe and Asia harder than anticipated and, in turn, make Nevada’s financial recovery even more challenging. Nevada businesses whose employees provide the highest quality work product and most meaningful service will best be positioned to survive a difficult … [Read more...]
August 2008: Business Indicators
Housing, credit, and energy – three problems facing the Silver State and the nation – are exacting a toll. Following the high-tech stock bubble burst in 2000, funds became available for spending in the housing market. This resulted in rapid price increases untethered to economic fundamentals. We ended up with more housing units than households to occupy them, in short, a glut … [Read more...]
Barack Obama’s Promises: What Do They Mean to You?
Barack Obama is big on promises. He promises to take care of Americans from cradle to grave by taxing the rich and giving all their “excess” money to people who think they don’t have enough. He proposes spending an additional $10 billion on education, $150 billion on alternative energy, $60 billion on infrastructure, and $65 billion to expand healthcare coverage, and that’s … [Read more...]
Frank Gatski: Gatski Commercial Real Estate Services
President/CEO Las Vegas Number of Employees: 70 Years in Nevada: 30 Years with Firm: 15 Type of Business: Commercial Real Estate Firm Describe Your Leadership Style: Inspirational and compassionate. I like to lead by example and while I am compassionate, I do hold people accountable. Biggest Business Challenge: The biggest challenge of my career happened in … [Read more...]
Bridging the Gap: Managing Workers from Different Generations
Four distinct generations of employees are currently at work in companies across America, all with very different attitudes, expectations, and management styles. Business owners and managers are challenged with learning how to maximize the potential in each age group, while encouraging them to work together to achieve common goals. The oldest age group, those who are old … [Read more...]
Battle of the Legislators: Which Party Will Take Over This Election Season?
An unpopular Republican governor, an increasingly deep economic funk, and a national outlook that nearly all prognosticators say greatly favors their party. Nevada Democrats couldn’t have come up with a better storyline heading into the 2008 elections if they’d been allowed to write the script themselves. When Silver State voters head to the polls for the November 4th … [Read more...]
Industry Focus: Economic Development
Recently, a group of Nevada’s economic development leaders gathered at Cili Restaurant in Las Vegas to discuss current challenges they face, including the state of the economy, gaming taxes and incentives. Connie Brennan, publisher of Nevada Business Journal, served as moderator for NBJ’s monthly event that brings industry leaders together to discuss issues pertinent to their … [Read more...]
Dangerous Departures: Protecting Your Company’s Assets
Can your company afford to have its employees compete against the company? How about ex-employees recruiting your current employees and calling your vendors? What about employees taking the intellectual property they created while employed – can your company afford losing that? To better protect the company’s investment against scenarios such as those above, there are four … [Read more...]
