Two bills were passed in the final days of the legislative session which change the way the public can access information we are entitled to as taxpayers. They are Senate Bills (SB) 224 and 287. Ostensibly, both bills were intended to grant easier access and provide consequences for not providing that information. And, for the most part, that’s what they do. However, an … [Read more...] about The Good, The Bad and The Ugly
Archives for September 2019
How We Stack Up2019
Statistics about Nevada in 2019 provide reasons for both optimism and concern. In this 14th annual study comparing Nevada to other states, economic indicators show that the state is thriving: tourism numbers are up, unemployment is down and home values are steadily rising. However, Nevada is still dealing with the same chronic social issues noted in the first edition in 2006. … [Read more...] about How We Stack Up
Technology’s RoleIn Nevada’s Economy
A diverse economy is stronger than one based on only one or two industries. Traditionally, Nevada’s economic foundations have depended on mining and travel, tourism and hospitality. When the last recession hit even the hospitality industry, a serious move to diversify the economy began. “The biggest impetus that started everyone down the path of the new innovations and … [Read more...] about Technology’s Role
Industry FocusProperty Mangement
No industry is more involved in the daily running of a building than property management. From dealing with a homeless population to municipalities and tenant renewals, property managers are experts at handling a variety of issues that can arise. Recently, industry leaders met at the Las Vegas offices of City National Bank to discuss commercial real estate and the … [Read more...] about Industry Focus
Healthcare Heroes2019
Corporate Sponsors Anthem Blue Cross and Blue Shield has been serving Nevada since 1965. As Nevadans, our associates live and work in the same communities that we serve. Last year, our charitable foundation and associates contributed more than $800,000 and hundreds of volunteer hours to vital organizations and causes across the state. “We have a proud history of … [Read more...] about Healthcare Heroes
Trending UpMulti-Family in Nevada
Multi-family developers in Nevada are convinced a strong trend in the segment will continue for the foreseeable future. The U.S. is in the longest economic expansion in history and with it has brought a boom in multi-family developments in Nevada. David Picerne has been involved in Clark County multi-family developments since 1986, and he’s cautiously optimistic … [Read more...] about Trending Up
Maintaining Checks and BalancesSuper Majority Vote Requirement Ignored by Democrats
In the final days of Nevada’s 80th Legislative Session, the Democrat majority in the Nevada State Senate and Assembly wielded their power to pass Senate Bill 551 (SB551) which raised Modified Business Tax (MBT) rates beyond their scheduled July 1, 2019 levels using a new simple majority voting threshold of 50 percent plus one vote. This vote was in direct conflict with the … [Read more...] about Maintaining Checks and Balances
Around the StateSeptember 2019
Las Vegas Ballpark Wins Ballpark of the Year Award In its inaugural year, the Las Vegas Ballpark in Summerlin won the 20th annual Ballpark of the Year award from BaseballParks.com. The award is presented to new or remodeled baseball stadiums and is based on site selection, exterior appearance, architectural design and fan amenities. Winners are chosen by a panel utilized but … [Read more...] about Around the State
Educational Choice Would Also Improve the Lives of Teachers
As the school year begins, we’re once again faced with all-too-familiar headlines about Nevada’s struggle to attract and retain quality educators and the general disarray of the state’s two largest school districts. Even a casual observer can tell there’s plenty of reasons for teacher morale to be depressingly low in today’s public education system — something that is directly … [Read more...] about Educational Choice Would Also Improve the Lives of Teachers
Terrence Thornton
Executive Director, Special Olympics NevadaType of Business: Non-ProfitBased: StatewideHails From: Las Vegas Years Co. has been in Nevada: 18Months with Company in Nevada: 5Employees with Company: 5 What Was Your First Job? [I was a] stock clerk for a 7-11 store in North Las Vegas (Lake Mead & Las Vegas Blvd.). What do you want your legacy to … [Read more...] about Terrence Thornton
Commercial RE ReportOffice Summary Second Quarter 2019
Northern Nevada By Colliers | Reno The second quarter of 2019 turned the tide of the last few quarters of negative net absorption in northern Nevada. The region registered a positive 70,949 square feet of positive absorption which pushed vacancy down to 11.7 percent this quarter, down from 12.3 percent last quarter. Despite positive absorption and a decrease in vacancy, … [Read more...] about Commercial RE Report
Business IndicatorsSeptember 2019
The “advance” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2019 increased modestly, up by 2.1 percent at an annualized rate. The real GDP increase largely reflected strong consumer spending, rising by 4.3 percent, its fastest growth in nearly two years. Government spending also grew at its fastest pace in a decade and contributed positively to … [Read more...] about Business Indicators
Last WordWhat is Your Favorite Sport?
Greg Nainani Senior VP of FinanceDesert Radiology “Mountain biking, hands downs. I mountain bike for the downhills which must be earned. Second, if I’m going to have a biking accident, it’s going to be on my terms and my fault.” Alice Ferguson General ManagerOpendoor Las Vegas “I love volleyball because it’s truly an all-season sport here in the valley. … [Read more...] about Last Word