You may recall, during Nevada’s Legislative Session last year, two bills were passed that extended taxes that were scheduled to sunset. What makes these two bills unique is that they both were unlawfully passed. The Nevada Constitution requires a two-third supermajority of both houses to pass any tax increase. While Democrats had a supermajority in the Assembly, they were one … [Read more...] about A Win for Taxpayers
Archives for November 2020
The Possibilities of Rural NevadaEconomics Before, During and After the Pandemic
According to the U.S. Census, places with populations greater than 2,500 and less than 50,000 are deemed rural. Based on information from the last Census, in 2010 Nevada ranked third in states that had the largest rural populations. Nevada’s rural population made up 5.8 percent of the whole. Rural Nevada often doesn’t get as much media attention as metro counties Clark and … [Read more...] about The Possibilities of Rural Nevada
Qualified Borrowers WantedCredit Unions Focus on Lending
Even the owner of the tiniest shop knows this feeling: The shelves are full of brand-new inventory, but buyers are slow to take advantage, even after some aggressive price-cutting. Credit unions across Nevada find themselves in a similar boat these days. Inventory, which for them is money available to loan, has been pouring into credit unions for the past six months as … [Read more...] about Qualified Borrowers Wanted
Industry FocusEducation
Education in Nevada right now is going through a trial by fire as teachers and administrators try to find the best way to continue teaching amidst a pandemic. From distance learning to increased gaps in student needs, 2020 has been a challenging year for educators. Recently, leaders in education met in a virtual roundtable, sponsored by City National Bank, to discuss their … [Read more...] about Industry Focus
NAIOP Southern Nevada 2020 “Shed Some Light” Virtual Bus Tour
NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2020 Bus Tour (Virtual) Event. What a year 2020 has been! We know that everyone has felt some level of uncertainty in these unprecedented times, so we are pleased to be able to “Shed Some Light” on the current state of the Las Vegas commercial real estate market. Given the current environment, it … [Read more...] about NAIOP Southern Nevada 2020 “Shed Some Light” Virtual Bus Tour
The Election Won’t Fix What’s Wrong with 2020
Mercifully, 2020 will soon be over. Given the way this year has been a non-stop exhibition of cultural, social and political crises, it’s tempting to think that maybe after the election things will begin to calm down. It’s a nice thought… but it’s one that is largely divorced from reality. The truth is, from the coronavirus to the social unrest we’ve seen in 2020, the … [Read more...] about The Election Won’t Fix What’s Wrong with 2020
Christopher Crooks
Senior Managing Director and Market Leader, Las VegasNewmark Type of Business: Commercial Real Estate Brokerage FirmBased In: Las Vegas, NVHails From: East Hardford, CT Years Co. has been in Nevada: 20Years with Company in Nevada: 02Employees with Company: 18k What was your first job? My first job was selling copiers; the position taught me that a strong work ethic … [Read more...] about Christopher Crooks
Who to Hire in the COVID Era
It is clear that the hiring landscape has shifted immensely in a matter of months. According to data from the Pew Research Center, the rise in the number of unemployed workers due to COVID-19 is substantially greater than that of the Great Recession. As some businesses look to expand and others simply attempt to rebuild their workforce, employers may find the inflated hiring … [Read more...] about Who to Hire in the COVID Era
Commercial RE ReportIndustrial Summary: Third Quarter 2020
Northern Nevada By CBRE Reno The northern Nevada industrial market has been resilient in the wake of the COVID-19 pandemic as market fundamentals remained strong in Q3 2020. After impressive net absorption totals in the second quarter, Q3 posted healthy figures with 855,106 square feet of positive net absorption, pushing the year-to-date net absorption total past 3 … [Read more...] about Commercial RE Report
Business IndicatorsNovember 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plummeted 31.4 percent at an annual rate, slightly better than the second estimate of a 31.7 percent annual contraction. The small upward revision reflected a smaller decline in consumer spending, which was partly offset by larger-than-expected decrease in exports and nonresidential … [Read more...] about Business Indicators
Last WordWhat are You Most Thankful for?
Stefanie Tuzman President & CEOJewish Nevada “I am thankful for the way this community has come together during this very difficult time. There is no doubt that we have all experienced some form of stress, hardship or increased pressure as a result of the COVID-19 pandemic, but the way the community has come together, albeit virtually, has been reassuring and … [Read more...] about Last Word