There remains a good degree of uncertainty in Nevada’s transportation sector but also plenty of determination, innovation and well justified optimism. Money is tight and legislative action often unpredictable, of course. But work on many fronts is proceeding, with a raft of projects being completed, green-lighted or planned in an industry that by its very nature spurs growth … [Read more...] about The Green Light: Transportation in Nevada
Banking on Nevada: Moving Forward
No one is singing Ding-Dong, the Wicked Witch is Dead just yet, but a great many bankers across Nevada are already hailing the end of the recession – or something that looks a lot like it – and searching for ways to chart a better course through 2012 and beyond. Many banks statewide have gone by the wayside, and more may still follow. But for those willing and able to … [Read more...] about Banking on Nevada: Moving Forward
Luxury Autos: Nice Ride…
Like soldiers crawling out of foxholes once the shooting has stopped, Nevada’s various industries are, one by one and in their own time, getting to their feet, dusting themselves off and resuming the march ahead. Inevitably, some business sectors are coming back faster than others. For Nevada’s luxury car industry, for instance, the prognosis for a full recovery is good. … [Read more...] about Luxury Autos: Nice Ride…
Alternative Energy: Still Energetic?
With the economy still languishing and no dramatic change in sight, questions need to be asked: Is the green movement retaining the fervor it had seen in the past? Does alternative energy have a shot at becoming a diversifying factor for Nevada? How will the movement ultimately affect Nevada’s diversity base? Are the jobs there for the long run? Does the industry stand on its … [Read more...] about Alternative Energy: Still Energetic?
Telecom: Now Calling the Future …
What’s ahead for Telecom in 2012? Lots of exciting new technologies and services, for one thing. And continued diversification, for another. And a still-crummy economy that will hamper a good amount of the growth that should be taking place. Reuters reported in early January that telecom firms around the world are expected to slash spending on networks over the next 11 … [Read more...] about Telecom: Now Calling the Future …
Economic Development: The New Plan
Revenue – money flowing in – is the life’s blood of any household, business or organization. For the state of Nevada, revenue forecasts for 2012 and beyond are mostly positive… but continue to hinge on a variety of factors close to home and half a world away. Progress is being made on a number of fronts to generate new and perpetuate existing revenue streams, even as dark … [Read more...] about Economic Development: The New Plan
Economic Forecast: What Lies Ahead
The year just ending wasn’t a great one but it was a better one, which is probably all Nevadans could ask of it. And the year ahead figures to be pretty much the same. While the reasons for optimism reflect well on the state economy’s inherent resiliency and strength, many of the negatives have more to do with national and international factors over which we have no … [Read more...] about Economic Forecast: What Lies Ahead
The Green Movement: Thinking Green
Is the hobbled and largely stagnant economy pushing companies nationwide and in Nevada to become greener? Well, yes, if they can cut costs by being more energy efficient and recycling. And, well, no if it means having to submit to government arm twisting to use new processes and technologies that raise rather than lower costs. “There are two sides to the answer, which go … [Read more...] about The Green Movement: Thinking Green
Property Management: Feeling the Squeeze
Like so much of the American business landscape over the last three years, commercial property management has changed – often abruptly. With the economy straining to hang on, more brokers moving into property management, the unprecedented number of foreclosures, crowds of clients coming from out of state and relationships with banks and other lenders in flux, Nevada’s real … [Read more...] about Property Management: Feeling the Squeeze
A “Fixer Upper”: Navigating the New Residential Market
Remember when buying a home was as simple as liking the neighborhood, peeking inside closets, flushing the toilets and filling out papers? These days, Nevada’s residential real estate market is a maze to be navigated, with buyers and sellers alike having to juke and swivel around such things as turbulent national and state economies, a saturated market, rampant unemployment, … [Read more...] about A “Fixer Upper”: Navigating the New Residential Market
Financial Services: The Business of Smarter Lending
If money makes the world go round then, well, the world is rotating a bit more creakily than it used to. Financing for the Nevada business community, or any business community in the U.S., still isn’t what it was before the economy took a turn for the worse. But it is getting better -- thanks to a variety of factors such as lenders that want and need to lend; a shakeout … [Read more...] about Financial Services: The Business of Smarter Lending
Retail Market: If you build it, will they shop?
The statewide retail market appears poised for a comeback – nothing dramatic, mind you, but a comeback nonetheless -- and at this point Nevadans are grateful for just about any ray of light. “Retail is doing better,” reports Nick Hannon, Senior Vice President for Territory, Inc. in Las Vegas, one of Nevada’s leading developers of open-air retail shopping centers. “Retail is … [Read more...] about Retail Market: If you build it, will they shop?
Builders & Developers: Amateur Night is Over
Builders and developers statewide are holding on and doing what they need to survive along with the rest of America. While some see promise just up ahead, others are already turning their sights to 2012. In the meantime, savvy players are tightening their belts, keeping their eyes and ears open for both private and public works projects, looking to the lingering promise of … [Read more...] about Builders & Developers: Amateur Night is Over
Multi-family Housing: More Renters in the Recession?
The multi-family segment has taken a pounding along with the rest of the real estate industry. But the good news, say those who know, is that the worst is probably over, and the climb – slow but steady – back to recovery has already begun. Multi-family properties remain a good investment, although investors hoping to scoop them up for a song may well be disappointed. Rents … [Read more...] about Multi-family Housing: More Renters in the Recession?