Recently, executives representing Nevada’s banking industry met at the law offices of Holland & Hart in Las Vegas to discuss the changed industry and their expectations for the future. Despite some signs of improvement, there continues to be a divide between banks looking to lend and businesses looking to borrow. Bankers hope to bridge that divide and find qualified … [Read more...] about Industry Focus: Bankers
Partner Las Vegas & Reno Number of Employees: 100+ Years in Nevada: 30 Years with Company: 1 How did you first get into your profession? My dad didn’t finish the tenth grade but he recognized the value of a formal education. He encouraged both of his children to take advantage of educational opportunities that weren’t available to him. When I was in high school I … [Read more...] about Thomas R. Sheets: McDonald Carano Wilson LLP
Storey County Establishes Independent Economic Development Authority Storey County, home to the 107,000 acre Tahoe Reno Industrial Center (TRIC) has established an economic development authority in order to work more closely with the Nevada Commission on Economic Development. Storey County is the second smallest county in Nevada and TRIC takes up approximately 65 percent of … [Read more...] about October 2011: Around the State
Las Vegas Retail vacancies moved downward to a level not seen in more than two years. The market recorded 369,700 square feet of positive net absorption during the second quarter of 2011, pushing the vacancy rate down to 10.1 percent, a decline of almost 0.4 percentage points compared to the previous quarter (Q1 2011) and down nearly 0.7 percentage points in the same period … [Read more...] about Retail Summary: Second Quarter 2011
“Nevada’s tremendous potential for growth. Defining the opportunities to rebound from the recession, and developing a specific course of action are the keys to realizing that potential. Nevada needs to move beyond old economic development paradigms and embrace a new economic diversification structure with a commitment to innovation and leadership.” Ross Miller • Nevada … [Read more...] about What do you love most about Nevada?
The race for the seat vacated by Senator John Ensign, and currently held by Senator Dean Heller, promises to be among the most hotly contested races in Nevada history. Governor Sandoval appointed Heller to the Senate seat in May of this year, upon Ensign’s resignation. That seat is up for grabs and will be decided by Nevada voters in the November 2012 election. Heller, a … [Read more...] about Berkley vs. Heller: Game On!
Mining executives seeking to dispel myths about their industry and educate Nevada business leaders on the state of mining recently gathered at the Reno offices of Holland and Hart for a roundtable discussion. These executives have numerous projects in the pipeline in Nevada. Many are still in the lengthy permitting process. Their projects will bring job opportunities to … [Read more...] about Industry Focus: Mining
Clark County Voter Registration Rises in Mid-2011 According to a report from Applied Analysis, new voter registrations in Clark County rose during the second quarter of 2011, an occurrence likely due to the lead up of municipal elections in June. Additionally, there has been a downward trend in Democrat registrations, which has come largely at the expense of rising interest … [Read more...] about September 2011: Around the State
CEO Reno, NV Number of Employees: 9 Years in Nevada: 17 Years with Company: 2 How did you first get into your profession? I entered the real estate profession in 1994, after years as a radio and television news reporter and anchor. We moved to the Carson Valley area to raise our children, and I became a successful Realtor, then a co-owner of a leading firm in the … [Read more...] about Rob Wigton: Nevada Association of Realtors (NVAR)
Las Vegas Demand for office space in the Las Vegas valley remains relatively weak as new product entered the market. Inventory rose during the quarter to 50.4 million square feet as two new projects were completed. Office space totaling 145,000 square feet as part of the first phase of Tivoli Village and nearly 8,200 square feet of space on Henderson’s historic Water … [Read more...] about Office Summary: Second Quarter 2011
“No single industry has the greatest potential as each industry -- directly or indirectly-- is reliant on others. Unemployment is extremely high in this state. Once we are able to put people back to work, regardless of industry, our economy will start to grow and all industries will benefit. “ David Stone • President, Nevada Association Services, Inc. “Gaming! The opening … [Read more...] about What Nevada industry has the greatest potential to contribute to a turnaround?
Nevada’s telecommunications industry has made it a priority to keep up with rapidly changing technologies, from the latest tablet to cloud computing and mergers and acquisitions. Telecommunication professionals have embraced these changes in their industry, while recognizing not all changes are perfect. Recently, executives representing this industry met at the law offices of … [Read more...] about Industry Focus: Telecommunications
Owner Sparks, NV Number of Employees: 29 Years in Nevada: 9 Years with Company: 9 What do you like most and least about your industry? I love that my industry leaves so much room for growth and opportunity in an environment as diverse as Nevada’s. Our laboratory is in a city environment in Sparks, but we recently opened up a satellite office in Elko, the heart of … [Read more...] about Michelle Sherven: WETLAB: Western Environmental Testing Laboratory
Record International Visitation for Las Vegas According to data garnered primarily from US Department of Commerce research, international visitors now contribute to Las Vegas’ bottom line more than ever before. Comprising 18 percent of overall visitation to Las Vegas and 27 percent of tourism revenue in 2010, international visitors have increased in the double digits over the … [Read more...] about August 2011: Around the State
Las Vegas The Las Vegas Valley industrial market slowed to a level not seen in several years. The vacancy rate edged up slightly to 18 percent as 135,600 square feet of negative net absorption was reported during the second quarter. For comparison purposes, the vacancy rate is up 13 basis points from the previous quarter (Q1 2011) and up 1.8 percentage points from the same … [Read more...] about Industrial Summary: Second Quarter 2011
“Governor Kenny Guinn. As many successes as he had throughout his life – personal and professional - he never lost track of where he had come from; he treated everyone with respect. In a time when it is difficult to find true mentors and leaders, Kenny was the definition of class and sincerity.” Chris Ferrari • President, Ferrari Public Affairs George Maloof: “I’ve worked … [Read more...] about What notable Nevada figure do you most admire and why?
Nevada’s commercial real estate industry has been used as an example across the nation of how difficult things are for the sector as a whole. Even so, commercial real estate professionals that have survived thus far have indicated a hope for the future while recognizing that they expect a long recovery period. Recently, executives representing this struggling industry met at … [Read more...] about Industry Focus: Commercial Real Estate
Attorney & Shareholder Las Vegas Number of Employees: 50 Years in Nevada: 11 Years with Company: 9 What inspired you to get into your industry? I come from a family of business owners and executives. I enjoy working with business professionals to help them achieve their goals, grow their businesses and, when necessary, handle their litigation needs. How do you … [Read more...] about Robert J. Caldwell: Kolesar & Leatham, Chtd.
Nevada Conservation Corps Receives Federal Funding The Great Basin Institute’s Nevada Conservation Corps (NCC) has received a national 2011 AmeriCorps grant from the Corporation for National and Community Service. The grant will fund 143 AmeriCorps member positions and bring $613,699 of federal funds into the state. The NCC is a statewide program that provides services … [Read more...] about July 2011: Around the State
Las Vegas Retail vacancies pushed upward after three consecutive quarters of decline. The vacancy rate jumped to 10.4 percent during the quarter, an increase of 0.2 percentage points compared to the previous quarter (Q4 2010), but 0.3 percentage points less than the same period in the prior year (Q1 2010). Average asking rents continued their downward trend, slipping to $1.53 … [Read more...] about Retail Summary: First Quarter 2011