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Chris Sieroty

Nevada TaxesWill the Tax Man Cometh to Carson City in 2023?

July 1, 2022 By Chris Sieroty Leave a Comment

If 2021 was a historic year for state tax reform, then what does the future hold for new business taxes or tweaks to the current tax code as Nevada voters go to the polls in November to elect a new slate of lawmakers? Those lawmakers will take office in January when the legislature reconvenes. In a major development last year, lawmakers approved a bill near the end the 81st … [Read more...] about Nevada Taxes

Multifamily in NevadaDemand Outspaces Supply

April 1, 2022 By Chris Sieroty Leave a Comment

Nevada continues to be one of the fastest growing states in the nation. The downside to population growth is the inability of the multifamily commercial real estate market to keep up with demand for space, leading to rising rents and increased values for buildable land. “From a housing perspective, apartments, condos and housing, right now there is a significant shortage of … [Read more...] about Multifamily in Nevada

Nevada UtilitiesGrowth Continues Amid COVID, Cybersecurity Concerns

February 1, 2022 By Chris Sieroty Leave a Comment

A recent cyberattack on the Delta-Montrose Electric Association (DMEA) in Colorado that shut down 90 percent of its internal controls and erased 25 years of historical data is a reminder for Nevada utility companies that bad actors are constantly targeting their infrastructure. It also comes at a time when these companies are experiencing increased demand for service as the … [Read more...] about Nevada Utilities

Economic Forecast 2022Nevada’s Economy Recovering – But Coronavirus Still Haunts State

January 1, 2022 By Chris Sieroty Leave a Comment

Last year’s theme for Nevada’s economy was one of recovery versus recession as the state entered 2021 with coronavirus restrictions still in place. As the year progressed those restrictions slowly eased allowing for gaming revenues to recover, even as thousands of employees remain sidelined. The recovery was also assisted by employment recovering to pre-coronavirus levels in … [Read more...] about Economic Forecast 2022

Unique ChallengesRural Nevada, Housing and Innovation Zones

November 1, 2021 By Chris Sieroty Leave a Comment

When it comes to rural communities, flexibility and community support are essential proponents for any business. Right now, there are a lot of interesting things happening in rural Nevada. At the top of the list is the issue of innovation zones. A company proposing to create self-governing, corporate-owned communities within thousands of acres of land it owns in a rural county … [Read more...] about Unique Challenges

Mining for TaxesRaising State Revenues in Nevada

July 1, 2021 By Chris Sieroty Leave a Comment

It is well known that any debate in the Nevada Legislature over raising mining taxes has been a controversial topic since prospectors first struck gold in the 19th century. Previous efforts to raise the tax or reduce the ability of companies to deduct net proceeds have come up short.  Opponents have argued successfully that any increase in the tax rate would severely … [Read more...] about Mining for Taxes

Business Survival VS. Pandemic DestructionBankruptcy in Nevada

April 1, 2021 By Chris Sieroty Leave a Comment

For Nevada businesses struggling to survive during the coronavirus pandemic, bankruptcy may end up being the only way out. While overall filings nationally were up 20 percent last year, according to bankruptcy court records, the number of businesses in the state that filed Chapter 11 bankruptcy, which involves reorganizing and remaining in operation, have remained relatively … [Read more...] about Business Survival VS. Pandemic Destruction

Industrial SubmarketDemand Over Pandemic

March 1, 2021 By Chris Sieroty Leave a Comment

The industrial real estate market has been crucial to the economy throughout the coronavirus pandemic as its stability has been driven by demand from e-commerce companies as consumer spending habits have shifted away from brick-and-mortar retail to online. That shift may be permanent as Nevada’s economy begins to recover from the pandemic. But some brokers believe retail … [Read more...] about Industrial Submarket

Healthy FinancesBanking on Nevada

February 1, 2021 By Chris Sieroty Leave a Comment

Despite the ongoing changes and challenges brought by the coronavirus pandemic, the Nevada banking industry is in a much healthier place than it was after the Great Recession in 2008. Total assets of the 68 financial institutions in the state were $108.2 billion, according to recent statistics compiled by the Federal Deposit Insurance Corp. (FDIC). Banking executives … [Read more...] about Healthy Finances

Luxury DemandOpulent Homes Selling in Nevada

December 1, 2020 By Chris Sieroty Leave a Comment

Recently, a home in MacDonald Highlands in Henderson sold for $5.35 million. While significantly higher than the median sale price, it’s representative of a typical transaction these days, according to real estate brokers and developers in Nevada. What was unusual about this particular deal was that the 80-year-old retiree in Florida who purchased the home conducted the … [Read more...] about Luxury Demand

Nevada’s Title IndustryOn the Sidelines

June 1, 2020 By Chris Sieroty Leave a Comment

Ask Robert Ray how Nevada’s title industry from a commercial real estate perspective is doing amid the coronavirus pandemic, and you’ll get a mixed response. In the title business for 25 years, and senior vice president, manager of Fidelity National Title Group in Las Vegas, Ray is anxious to see how the industry recovers as businesses begin to reopen and employees begin … [Read more...] about Nevada’s Title Industry

Supply & DemandNevada’s Industrial Market

May 1, 2020 By Chris Sieroty Leave a Comment

The demand for industrial space has been extraordinarily strong in Nevada throughout this economic expansion and is expected to stay consistent throughout the rest of this year and into 2021, according to real estate professionals throughout the state. Originally, a decline in demand was expected due to the country’s trade war with China, but with trade tensions easing that … [Read more...] about Supply & Demand

How to Lease or Buy: A Guide to the Rebounding Commercial RE Industry

April 1, 2016 By Chris Sieroty Leave a Comment

Buying or leasing commercial real estate is a stressful and complex process that can be difficult for even the best of brokers in Nevada.

Buying or leasing commercial real estate is a stressful and complex process that can be difficult for even the best of brokers in Nevada. What about for entrepreneurs or business executives whose areas of expertise may be in gaming or healthcare? How should they evaluate the pros and cons of buying or leasing, choosing a location and making a purchase? Taber Thill, senior … [Read more...] about How to Lease or Buy: A Guide to the Rebounding Commercial RE Industry

Banking On Nevada: An Industry Still in Recovery

February 1, 2016 By Chris Sieroty Leave a Comment

Nevada’s banking industry, which was hit hard during the recession, continues to see challenges today.

Nevada’s banking industry, which was hit hard during the recession, continues to see challenges today. Some bankers believe post-financial crisis regulations, rising interest rates and the popularity of mobile banking and other technology will continue to change their industry. Others believe China’s economic slowdown, Saudi Arabia’s worsening relations with Iran and an … [Read more...] about Banking On Nevada: An Industry Still in Recovery

Economic Forecast 2016: Increasing Stability and Growth

January 1, 2016 By Chris Sieroty 1 Comment

Nevada employers are expected to add more than 52,000 workers to company payrolls this year.

According to analysts, Nevada’s economy will continue to show improvement in 2016, but with a few new wrinkles thrown in. Rising wages will mean more disposable income, which in turn boosts consumer spending. Job creation, described as the single best indicator of economic growth, is expected to add more than 52,000 workers to company payrolls this year, according to the Nevada … [Read more...] about Economic Forecast 2016: Increasing Stability and Growth

Nevada Taxes Reaching Deeper

April 1, 2015 By Chris Sieroty 2 Comments

In total, Governor Brian Sandoval’s plan would raise more than $1 billion in new taxes.

Hall of Fame baseball player Yogi Berra once said it is deja vu all over again. He wasn’t wrong if he was describing Nevada politics and biennial efforts to create a tax code that can better withstand economic recessions. Nevada lawmakers have recently been debating another proposed tax increase geared towards adding funds to the state’s woeful educational system. In total, … [Read more...] about Nevada Taxes Reaching Deeper

The Retail Market: Recovering with Measured Expectations

January 1, 2015 By Chris Sieroty Leave a Comment

Real estate brokers and developers are dampening their expectations for the retail market in Nevada over the next couple of months and for the rest of 2015.

With a New Year upon us, real estate brokers and developers are dampening their expectations for the retail market in Nevada over the next couple of months and for the rest of 2015. Nevertheless, all of them see positive trends for the market and some reason to remain optimistic. “We are clearly in a recovery,” said Brendan Keating, principal with The Equity Group in Las … [Read more...] about The Retail Market: Recovering with Measured Expectations

Economic Forecast: 2015 Preview

December 1, 2014 By Chris Sieroty Leave a Comment

This year’s predictions offer more good news, a trend that was reported in Nevada Business Magazine’s annual Economic Forecast last year.

Economists and industry analysts can, and will, argue over whether an economic recovery is as strong as numbers seem to indicate. However, they do agree the numbers show Nevada’s economy is on track to strengthen and add more jobs in 2015 because many of the impediments to faster growth have subsided. The unemployment rate has dropped to its lowest level in more than five … [Read more...] about Economic Forecast: 2015 Preview

Welcome to Nevada: Tax Changes Looming

October 1, 2014 By Chris Sieroty 1 Comment

Nevada is well known as a corporate tax haven, one reason is that Nevada law provides strong protections against holding corporation’s owners.

Nevada is well known as a corporate tax haven. Many large companies are incorporated in Nevada, particularly those whose headquarters are located in California, Arizona or Utah. There are several reasons for this. One is that Nevada law provides strong protections against holding corporation’s owners responsible for the actions of a corporation. Another reason has to do with … [Read more...] about Welcome to Nevada: Tax Changes Looming

Executive Education: New Pathways to Success

August 1, 2014 By Chris Sieroty Leave a Comment

When UNR Extended Studies program held a series of leadership sessions for Barrick Gold, the event embodied new trends in executive education in Nevada.

When the University of Nevada, Reno (UNR) Extended Studies program held a series of leadership sessions for Barrick Gold, the event embodied new trends in executive education in Nevada. The 15 courses held over two months were shorter than the training once offered by business schools and colleges. Instead of theoretical discussions of leadership, the program covered … [Read more...] about Executive Education: New Pathways to Success

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Nevada TaxesWill the Tax Man Cometh to Carson City in 2023?

Industry FocusBusiness Insurance

Medical FacilitiesBuilding Trends Post-COVID

Southern Nevada CCIMPassing the Torch to the Next Generation of Professionals

Nevada News & PR Wire

  • Student at Coral Academy of Science Las Vegas Selected to Participate in Year Long Leadership Program

  • Edgewood Companies Appoints Robert Winkel as New Chairman of the Board

  • Virginia Knudsen Announces Gwen Harvey as New Executive Coach for BOAR

  • Nevada State Bank Branches Accepting Donations for the Communities in Schools of Nevada Fill the Bus School Supplies Drive

  • Dickson Commercial Group (DCG) Announces New Healthcare Services Division

  • KPS3 Announces Three New Hires

  • Brian Kleven Joins Nevada Donor Network Governing Board

  • Las Vegas Doctor Warns Of The Dangers Of Handheld Sparklers

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  • The State Of Nevada Presents The Launch Of 9-8-8, The Nation’s First Three-Digit Number For Suicide Response.

  • ICRWDA To Host K-9 Officers Competition & Training Seminar In Las Vegas

  • Take on Summer With Dunkin’s New Lineup of Iced Drinks

  • Nonprofit Cristo Rey St. Viator College Preparatory High School Kicks off Summer Campaign to Gain Additional Business Partners for Student Work-Study Program

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  • Foster Care Panel Scheduled to Discuss Need for Foster Parents in Nye County – Division of Child and Family Services Will Host Event in Pahrump

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  • United Way of Southern Nevada Announces Internal Promotions

  • Henderson Chamber of Commerce to Host Networking Breakfast: On a Roll – Local Gaming Update With M Resort Spa Casino Leadership

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  • SR Construction Announces Completion Of The Henderson Hospital Expansion Project

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  • Henderson Professional Fire Fighters, Henderson Police Officers’ Association, and the City of Henderson Launch Annual Safety Campaign, “Check Your Seats in the Heat”

  • Juzzef Martinez promoted to Commercial Banker for JPMorgan Chase in Las Vegas

  • Las Vegas Realtor Offers Free Buying Guide to Clark County Residents.

  • Team Nevada Returns After a Successful Appearance at the 2022 Special Olympics USA Games

  • The Problem Solver To Speak at Celebrity Speakers Business Network

  • Plumas Bancorp Honored Among Best-In-Class Banking Institutions

  • ImageWords Communications Founder Ruth Furman to Share Media Relations Tips at NAWBO Southern Nevada’s Personal Branding Workshop on June 28

  • Nevada Custom Residence Designed by Daniel Joseph Chenin, Ltd. Receives International Architizer A+ Design Award

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  • Via Brasil Steakhouse Hosts Father’s Day All You Can Eat Brunch and Dinner at $54.99!

  • Crew Las Vegas Hosts “Woman Who Build” Luncheon, June 14

  • Fennemore Joins Forces With Bay Area Wendel Rosen

  • Communities in Schools of Nevada Announces the Promotion of Alex Bybee to Chief Strategy Officer

  • Marker Trax Adds Director of Product Development and Integration to Help Company Continue to Grow

  • Grand Sierra Resort and Casino Announces the Addition of Chickie’s & Pete’s Crab House and Sports Bar

  • Southwest Medical Adds Two New Health Care Providers

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  • How Adaptable Is Your Company? iTernal Networks’ Free Upcoming Webinar “Planning for Scalability – Tech More, Stress Less” – June 16th 1 pm PDT

  • De Castroverde Law Group receives Chambers USA’s highest ranking for the second consecutive year

  • Donor Network West Opens New Northern Nevada Headquarters

  • Blueprint Sports Launches ‘Friends of UNILV’ Name, Image, and Likeness Collective at University of Nevada, Las Vegas

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  • Nevada Women’s Fund Selects Marilyn Newton as 2022 Salute to Women of Achievement Hall of Fame Inductee

  • Debbie Strimling Announced as Jewish Nevada Women’s Philanthropy Council Chair

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  • June 16 NAIOP Southern Nevada Breakfast Presents “Inflation and Rising Interest Rates: What Is the Impact to CRE Investment Sales?”

  • Project 150 Awarding More Than $170,000 in Scholarships at June 22 Event

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  • Touro University Nevada’s School of Nursing Programs Receive Prestigious 10-Year Accreditation Extension

  • Quinn Gallagher Joins Blackmon Home Loans as Mortgage Loan Officer

  • Communities In Schools of Nevada Announces First Recipient of the Elaine P. Wynn Stronger Together Scholarship

  • 56th Anniversary of Miranda Rights

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  • International Celebrity Vocal Coach Romeo Johnson Offers Vocal Lessons To Clark County Resident

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  • Holley Driggs Las Vegas Office Expands with New Attorney Additions

  • Nevada’s Exchange Promotes Two Long-Time Employees to Leadership Roles

  • Nathan Strager Awarded Top 1% Of Real Estate Agents in Las Vegas Valley

  • The Embedded Technology Expo To Be Hosted By The Las Vegas Convention Center

  • ExpressJet Airlines Names Bobby Looney Director of Safety

  • Angels of Las Vegas Hosts 2nd Angels on the Green Fundraiser!

  • Dragon Lights Festival Returns to Reno

  • Great Western Steam-up Features Days of Family Fun

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  • Henderson Chamber of Commerce Along With the Henderson Development Association Hosts Commercial Real Estate Development Update & Mixer

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  • KPS3 Announces New Hires

  • Cindy Buchanan Joins JPMorgan Chase Commercial Banking in Northern Nevada

  • Dr. Chris Robey, DC, Doctor of Chiropractic, Joins the Crovetti Orthopaedics & Sports Medicine Team

  • Gaetano’s Ristorante Owner’s Recent Travels to Sicily Inspire New Authentic Recipes for 20th Anniversary Menu

  • John Rinaldo Joins Cristo Rey St. Viator College Preparatory High School as Director of Business Partnerships

  • Green Valley Library Re-Opening to Community After Extensive Renovation

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  • Education Non-Profit CORE Promotes Founder Lindsay Harper to Chief Executive Officer, Launches Search for New Executive Director

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