Each year, Nevada Business Magazine collects data comparing Nevada to other states and to past years, tracking economic cycles and delivering a snapshot of what it’s like to live in the Silver State. In the first edition 12 years ago, Nevada was riding high economically, with 4 percent unemployment and the challenge of finding enough workers to fill available positions. Then … [Read more...]
Guarding Business: Cybersecurity in Nevada
Earlier this year, the malware program VPNFilter infected hundreds of thousands of office and home routers and networked devices around the world. The cities of Atlanta and Baltimore experienced ransomware attacks, the latter causing the 911 dispatch system to be offline for 17 hours. Confidential data were breached at numerous companies—Adidas, Dignity Health, Honda, LabCorp, … [Read more...]
Industry Focus: Bankers
An industry that saw major changes and new regulations after the recession hit, banking has endured a host of ups and downs. Currently in an upswing, the industry is cautious and working toward smart growth. Recently, banking executives met at the Las Vegas offices of City National Bank to discuss banking and talk about some of the changes they’re seeing. Connie Brennan, … [Read more...]
Thirteenth Annual Healthcare Heroes
LEGACY The first and longest running program of its kind in Nevada, Healthcare Heroes was born in 2006 with 10 categories and a seemingly endless supply of nominees. Since the beginning, Healthcare Heroes has been a catalyst to help grow healthcare in the Silver State. Taking the idea of contributing to healthcare a step further, the Healthcare Heroes scholarship … [Read more...]
Commercial Property Management: Changing and Adapting with Nevada’s Economy
All three commercial real estate sectors – industrial, retail and office – are growing in Nevada, though at different speeds by sector and geography. Industrial is driving the growth, office is still lagging but beginning to grow and retail is returning as the economy continues to recover. Commercial real estate sectors might be experiencing growth, but investors, businesses … [Read more...]
First Independent Bank: Your Prescriptions for Success
First Independent Bank specializes in helping healthcare providers with their distinct banking needs. HEALTHCARE BANKING EXPERTISE First Independent Bank’s in-depth experience with professional healthcare providers – combined with our focus on expert, personalized service and innovative banking options – makes for a healthy approach to your business. Our highly experienced … [Read more...]
Tailored Financing Options Provide Growth For Local Nevada Healthcare Company
For nearly three decades, Desert Valley Pediatrics (DVP) has watched Southern Nevada grow. Over those many years, Nevada often led the nation in population growth. As people moved in, families began to grow, as did the need for quality pediatric medical care. Thankfully, the company didn’t face these challenges alone. Since its founding, Desert Valley Pediatrics has … [Read more...]
Red Report: September 2018
E Sale, Retail Address 1935 N. Hollywood Blvd., 89156 Buyer TNG Investors Seller Palmer Company-Vacaville Details 7,360 SF; $2.3 million APN 140-22-715-006 Buyer Rep Phillip Dunning, CCIM of Colliers International Seller Rep Brian Fike of Colliers International Sale, Industrial Address 4460 E. Cheyenne Ave., 89115 Buyer Top Street Estate, Ben Hajdun Seller William … [Read more...]
2018 Women to Watch
Women are making their voices heard, both in Nevada and across the world. A vital part of the business community, female executives and business owners are impacting and mentoring the next generation of leaders. These women continue to break through the glass ceiling with their drive and determination. Representing a variety of industries, this year’s Women to Watch … [Read more...]
Something for Everyone: Tourism in Nevada
Nevada is still finding its place in the modern tourism world, but that isn’t hurting tourism numbers. Fiscal year 2018 was a turbulent year for tourism, in Las Vegas especially, but the year still set records and showed no signs of slowing down. Statewide, shifting consumer interests and demands and diversifying economies are helping drive continued strong tourism … [Read more...]
Industry Focus: Mining
Outside of the rural communities, most Nevadans don’t understand the industry of mining, even though it accounts for a large amount of the state’s economy. Executives from mining organizations throughout the state recently met at the Reno offices of City National Bank to discuss their industry and dispel some of the common myths about miners. Connie Brennan, publisher and … [Read more...]
Implications of Expanding Litigation Risks
By Samuel A. Schwartz, Shareholder at Brownstein Hyatt Farber Schreck Litigation Risks Expanding for Plaintiffs When considering pursuing litigation anywhere in the United States, potential plaintiffs should consider and canvass the potential defendants who may be culpable. Courts around the country are taking a broad view of what claim, issue and party preclusion means in … [Read more...]
Smart Moves: The Future of Transportation in Nevada
Nevada transportation agencies have positive changes in the works. From smart cars that communicate to improved safety and increased sustainability, the agencies are driving Nevada’s future in positive ways. “In Southern Nevada, the RTC (Regional Transportation Commission) has public transportation and traffic technology under its umbrella, and it’s the metropolitan planning … [Read more...]
On the Upswing: Builders & Developers Experience Growth
Nevada commercial developers and builders reported that their workloads are full, but not without challenges. “We’re busy. Busy’s good,” said Chet Opheikens, vice president, R&O Construction in Las Vegas. “Busy means we get to employ people. Employed people means community growth, which means increased morale and confidence, factors that allow for a strong … [Read more...]
Red Report: August 2018
E Sale, Office Address 302 & 304 Carson Ave., 89101 Buyer Drock 3rd Street LLC Seller Highbrook Investors Details 161,924 SF; $39.7 million APN 139-34-210-066 Seller Rep Kevin Shannon and Brunson Howard of Newmark Knight Frank Capital Markets Sale, Retail Address 1700 & 1710 Sahara Ave., 89104 Buyer Marks Garage One LLC Seller Jay Kim Details 35,440 SF; … [Read more...]
Healthcare Check-Up: Nevada’s Hospitals
Nevada’s population is growing as new businesses locate in the state, and existing businesses expand. As the population increases, it’s also shifting. Along with the rest of the nation, the state’s population is aging. At the same time, with the addition of new and startup businesses, millennials are locating within the state. To meet the different needs of varying … [Read more...]
Creating a Brand: Business Marketing 101
When starting a business many think coming up with a name, developing a logo or even crafting a slogan or catchphrase is the extent of branding. The reality is, there is so much more. “It’s a mistake to think, ‘My brand is my graphic identity,’” said Flip Wright, executive vice president of strategy and innovation at Wide Awake. “That’s a very small part of the overall mix. … [Read more...]
Industry Focus: Public Servants
From volatile elections to legislative issues, public servants face a myriad of challenges when it comes to doing their jobs. To gain a little insight into work of a public servant, Nevada Business Magazine recently had a group of Nevada’s elected officials gather at the Las Vegas office of City National Bank. Held less than a week before Nevada’s primary elections, officials … [Read more...]
Las Vegas Valley Water District, Local Businesses Partner to Safeguard Against Major Structure Fires
Every year, there are thousands of structure fires in Las Vegas. However, a relatively small percentage of fire-related losses involve commercial structures, in part because of efforts by the Las Vegas Valley Water District (LVVWD) and local property owners to protect their investment. When most people think about urban fires, they conjure images of the Great Chicago Fire of … [Read more...]
Balancing the Boom: How Utilities Strive to Keep Up with Developers
Nevada’s utility providers, facing a wave of requests from developers who need water, power and natural gas service for their projects, increasingly rely on digital solutions to help move applications along. At the same time, utilities emphasize one of the oldest strategies in the book to reduce the possibilities of delay. They encourage development teams to meet … [Read more...]
