Mirroring the vibrancy of Nevada’s economy, the state’s banking industry is robust, expanding and expected to remain strong throughout 2019, experts said. “It’s a great time to be a bank in Nevada,” said Stan Wilmoth, president and CEO of Heritage Bank of Nevada. Loans and deposits at the Northern Nevada community bank increased about 8 to 10 percent last year, and Wilmoth … [Read more...] about Banking
Features
How About Now?Exit Planning
Business owners have an exit strategy issue. There’s a consensus among exit planning professionals that their clients often don’t think about their plans until it’s too late. “It’s one of those things, like an estate plan, that everyone knows they should do but it’s easy to put off,” said Shawn Pearson, an attorney at Woodburn and Wedge in Reno. “It’s like exercising and … [Read more...] about How About Now?
Industry FocusBuilders & Developers
Doug Roberts, Panattoni Development Co. • Lance Bradford, Stable Development • Jason Kuckler, Brass Cap Companies • Chet Opheikens, R & O Construction • Aaron West, Nevada Builder’s Alliance • David Picerne, Picerne Real Estate Group • Robert Potter, Affordable Concepts • Connie Brennan, Nevada Business Magazine • Jim Stuart, Matter Real Estate Group • Scott … [Read more...] about Industry Focus
The Return of Office 2019Nevada’s CRE Office Industry
Nevada’s commercial real estate office market is healthy, but not considered robust. Hit hard during the 2008 recession, it’s good to see vacancy rates dropping and rents increasing, but there’s been very little new product built in the last decade, which accounts for at least some of the continuing drop in vacancy rates. “The office market is not where we’d like it to be, … [Read more...] about The Return of Office 2019
Ready to WorkNevada Industry Excellence and an Opportunity-Driven Workforce
Education, collaboration and an educated workforce together describe the system of agencies and organizations working to build a pipeline from educated workers to the employers representing high demand jobs in Nevada. One such agency is Nevada Industry Excellence (NVIE). The industrial outreach program of the Nevada System of Higher Education (NSHE), NVIE is administered by … [Read more...] about Ready to Work
Living LargeNevada’s Luxury Home Market
In late 2018, a condo in the Waldorf Astoria Las Vegas sold for a record-setting $1,633 per square foot. Despite this being an impressive luxury home record sale, it could be eclipsed if a home listed at Crystal Pointe, Lake Tahoe, sells – that listing is for $75 million. Nevada’s luxury home market is growing. New residents flocking to our state bring with them equity from … [Read more...] about Living Large
2019 Economic Forecast for NevadaUpward Trends
According to experts, the outlook for Nevada’s economy this year is positive and projected to fare at least as well as it did, or perhaps even better, in 2018. However, one or more known or unknown wild cards could have a dampening effect. Some of the indicators that support the forecast in Southern Nevada include strong employment and population growth, robust consumer … [Read more...] about 2019 Economic Forecast for Nevada
Industry FocusHealthcare
Few industries have seen as much change as healthcare has in the past decade. From insurance mandates to physician shortages, healthcare faces a multitude of challenges. Recently, executives representing healthcare in Nevada met at the Las Vegas offices of City National Bank to discuss the industry and what is needed to move forward. Connie Brennan, publisher and CEO of Nevada … [Read more...] about Industry Focus
Mobile IndustryTransportation in Nevada
The future of Nevada’s business success could hinge on transportation infrastructure. According to multiple Nevada transportation officials, success with Nevada’s transportation likewise relies partially on the support of the Nevada business and real estate communities. “Communication with developers is critical,” said Rudy Malfabon, Nevada Department of Transportation … [Read more...] about Mobile Industry
Red ReportJanuary 2019
E Sale, Retail Address 1205 Las Vegas Boulevard S, 89104 Seller DeCar Enterprises Details 31,000 SF; $6 million APN 162-03-106-001 Seller Rep Cathy Jones, CCIM, Anders Graciano and Paul Miachika of Sun Commercial Real Estate Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM … [Read more...] about Red Report
The New Generation Gap: Five Diverse Groups
Millennials, Generations Z and X, baby boomers and the traditionalists or silent generation is a diverse list of titles to represent an even more diverse group of people. Today there are five generations in the workforce, each with their own characteristics and commonalities, strengths and weaknesses. The generations differ in work styles, communication styles, what … [Read more...] about The New Generation Gap: Five Diverse Groups
Tax Changes: What Nevada Companies Need to Know to Benefit
To fully realize available tax benefits resulting from the Tax Cuts and Jobs Act of 2017 Nevada businesses should assess, plan and, if necessary, make changes, now. “My best advice is run some projections on your income right now. See if you run into any problems or limitations on being able to maximize deductions, and look at what you need to do to restructure to make sure … [Read more...] about Tax Changes: What Nevada Companies Need to Know to Benefit
Industry Focus: Attorneys
The legal profession is unique in that it touches nearly every other industry at some point. As a result, businesses have a range of opinions regarding those that practice law. For attorneys in Nevada, reputation, professionalism and client expectations are all vital issues for the industry moving forward. Recently, legal executives met at the Las Vegas office of City National … [Read more...] about Industry Focus: Attorneys
Building Medical: Keeping Pace with Healthcare Growth
With Nevada’s two major metropolitan areas continuing to grow, the healthcare industry is trying to keep pace. Nevada’s health industry regularly gets low marks in rankings, including an “F” for accessibility. As Las Vegas and Reno continue to evolve, both cities are experiencing the medical industry’s attempt to catch up. That attempt is reflected in the real estate … [Read more...] about Building Medical: Keeping Pace with Healthcare Growth
Nevada Medical Marijuana CardGet Benefits Now NuggMD
Reap the Benefits of Medical Cannabis with a Nevada Marijuana Card Nevada’s Marijuana History Did you know that just a couple years ago in Nevada, getting medical marijuana wasn’t as simple as it is today? Now, you can use NuggMD’s telemedicine platform to complete the entire process online, but for more than a decade, the process was all but impossible. Read on to learn how … [Read more...] about Nevada Medical Marijuana Card
Red Report: December 2018
E Sale, Industrial Address 4432 Calimesa St., 89115 Buyer Solis Properties Seller NLV Sagebrush Details 31,000 SF; $3.65 million Buyer Rep Chris Lane, CCIM of Colliers International Seller Rep Dan Doherty, SIOR, Paul Sweetland, SIOR and Jerry Doty of Colliers International Sale, Multi-Family Address 4870 Nellis Oasis Ln. and 5025 Nellis Oasis Ln., 89115 Buyer … [Read more...] about Red Report: December 2018
2018 NAIOP Southern NevadaBus Tour
The Wild Wild West NAIOP Southern Nevada’s Bus Tour Committee is proud to present the 2018 “Wild Wild West” Bus Tour event. We welcome ya’ll to get on the buses and tour the commercial real estate projects that are shaping Southern Nevada. This year’s tour builds on the success of the 2017 event adding exciting new properties and showcasing what’s to come. Southern … [Read more...] about 2018 NAIOP Southern Nevada
Best Companies to Work for in 2018: Defining the Times
Today’s workplace is changing at a rapid rate due to the wants and needs of the modern employee. From flexible hours to accessible and open leadership, workers in 2018 are demanding more than just money and benefits; they want to be a part of something special. The companies featured in the following pages have managed to create that special environment and offer … [Read more...] about Best Companies to Work for in 2018: Defining the Times
The Business of Credit Unions: The “Own-Your-Own” Financing Institution
“Credit unions have a different structure and business model than banks do, but they’re still depository institutions, so safe and sound is still safe and sound,” said George Burns, commissioner, Nevada Financial Institutions Division (NFID). They’re also the largest state-chartered, locally owned financial institutions in the state, according to Matt Kershaw, CEO, Clark … [Read more...] about The Business of Credit Unions: The “Own-Your-Own” Financing Institution
Nevada’s Retail Industry: Going Strong, Evolving
During the recession, brokers across the board did what they could to stay busy, from cold calls to out-of-the-box solutions. Nevada’s retail market was no different. Christina Strickland, a CBRE Las Vegas senior associate who specializes in retail, no longer has to make cold calls to drum up business like she did during the recession. Now, she’s receiving calls, in abundance, … [Read more...] about Nevada’s Retail Industry: Going Strong, Evolving