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
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
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
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
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
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
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 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
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?