Five topics are currently driving conversations about transportation in Nevada: new funding, new roads, new modes of transportation, new technology and orange cones. No discussion of transportation is complete without orange cones. Conversations aren’t always friendly, but they do allow information to flow on why cones are out there and which transportation agency is trying … [Read more...]
Nevada’s Place Among the States 2016
Numbers tell the story, either good or bad, about Nevada’s ranking compared to other states, and this year the numbers indicate a slow but steady economic recovery that has the Silver State moving from eighth place to 11th in percentage of foreclosed homes and third place to sixth in unemployment. However, Nevada continues to lag behind other states in factors such as … [Read more...]
Eleventh 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 fund was … [Read more...]
Industry Focus: Education
Education continues to be a hot topic for many citizens of the Silver State. Concerns over state rankings have been addressed by both public and private sectors in hopes of improving the overall status of students in Nevada. Recently, leaders in education in Nevada met at the Las Vegas office of City National Bank to discuss what can be done for Nevada to reach its full … [Read more...]
Commercial Builders: The Rebound and the Growing Pains
Whereas Nevada’s commercial construction industry was all but dead five years ago, today it’s alive, with activity edging up. “We are finally in a period of growth. A lot more work is happening,” said Mac Bybee, president, Associated Builders and Contractors Inc. (ABC), Nevada Chapter, a statewide trade association that provides training, apprenticeship programs, government … [Read more...]
Red Report: September 2016
E Sale, Multi-Family ADDRESS 5325 E. Tropicana Ave., 89122 BUYER Aspen Square Management, Inc. SELLER Majestic Heights Owner, LLC DETAILS 240 units; $77,500 per unit APN 161-28-102-002 SELLER’S REP Art Carll and Patrick Sauter of NAI Vegas | The Sauter Multifamily Group H Sale, Retail ADDRESS Multiple Properties, 89052 BUYER 3D Investments, LLC SELLER Eastern … [Read more...]
Manufacturing: Organizations Work to Bolster Industry
A major focus of the state’s economic development organization and other agencies throughout Nevada is growing and supporting the state’s manufacturing industry, and their efforts continue to bear fruit. “There are so many people working right now, from the governor all the way down, to make sure we provide workforce and housing and stimulate the economy in ways that have … [Read more...]
Industry Focus: Mining
The mining industry in the Silver State has undoubtedly faced its share of challenges over the last few years. Commodity prices and strict federal regulations have hindered organizations as they seek to gain forward momentum. However, leaders in the industry nonetheless expressed continued optimism for mining in Nevada. They recently met at the Reno offices of City National … [Read more...]
Crunching the Numbers: Tax Planning and Accounting in the Silver State
Despite all the thunder, lightning and tumult that surround the federal government in this election year, taxpayers are catching a break as they develop their tax-reduction strategies. At the end of 2015, Congress moved to make 20 tax-relief provisions permanent, which removes the year-end guessing games that bedeviled taxpayers and their advisors in recent years. “We’re not … [Read more...]
Beyond the Bank: Financing Commercial Real Estate in Nevada
Commercial real estate means office buildings, retail and industrial properties, multi-family projects and the raw land that eventually becomes all of the above. Commercial real estate financing is equally varied and includes everything from traditional bank-backed loans to newer twists such as crowdfunding. Finding Funding There are a variety of sources of lending, … [Read more...]
Red Report: August 2016
E Sale, Other ADDRESS 5621 – 5719 Judson Ave., 89156 BUYER Progressive Pilgrims Fellowship SELLER Saint Michael Antiochian Orthodox Church DETAILS 7,000 SF; $730,000 APN 140-21-601-005 SELLER’S REP Al Twainy, CCIM of Colliers International H Sale, Office ADDRESS 150 N. Gibson Rd., 89014 BUYER Harsch Investment Properties SELLER Basic Land Company, Inc. DETAILS … [Read more...]
Nevada’s Credit Unions Experience Growth
Despite new and ongoing challenges, Nevada’s credit unions are experiencing an upswing in membership and activity. Of the state’s 17 credit unions, the nine in Northern Nevada attained a record high membership of 112,347 by adding 3,973 individuals between the fourth quarters of 2014 and 2015, the most recent period for which Nevada Credit Union League (NCUL) data is … [Read more...]
20/20 Visionaries for the Silver State
Perfect vision, otherwise referred to as 20/20 vision, is the ability for an individual to see clearly both in their near field of vision as well as far away. Likewise, a 20/20 executive, such as those featured in the following pages, has a clear vision for their business in both the short and long term. These executives strive to do what is right for their companies, … [Read more...]
We are CCIM
Instant recognition, credibility in the commercial real estate field is vital in today’s fast paced world of instant everything. The old adage, “you only get one chance to make a first impression” is more accurate than ever. In the realm of commercial real estate, a CCIM designation can speak louder than words when making that critical first impression. The CCIM … [Read more...]
Industry Focus: Architects and Engineers
Architects and engineers in the Silver State are cautiously optimistic about their industries. Working through a variety of issues as a result of the recession, executives nonetheless indicated that their businesses were experiencing growth and the industry is gaining stability. A handful of decision-makers in the architect and … [Read more...]
Business on the Move: Office Market in Nevada
As election jitters continue to dominate the news cycle, the status of the national economy appears to be just so-so in the minds of many business leaders. With only 38,000 jobs added in May, according to the latest U.S. Department of Labor statistics, the overall national employment situation is not as strong as most people would like. Having survived the steep highs and lows … [Read more...]
Red Report: July 2016
E Sale, Retail ADDRESS 5061 E. Sahara Ave., 89142 BUYER JARM, LLC SELLER East Sahara & Nellis, LLC DETAILS 9,200 SF; $2,550,000 APN 161-09-115-003 SELLER’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank H Sale, Office ADDRESS 139 E. Warm Springs Rd., 89015 BUYER Daniel J. Beumer SELLER Foundation Executives Suites, LLC DETAILS 6,300 SF; … [Read more...]
Legal Elite 2016: Nevada’s Top Attorneys
Now in its ninth year, Legal Elite highlights Nevada’s top attorneys as chosen by their peers. Polling for the 2016 list began in February of this year and over 6,000 nominations were collected from licensed attorneys throughout the state. Those nominees were vetted and the poll’s results, featured in the following pages, highlight the top vote receivers in Northern Nevada, … [Read more...]
Rural Nevada: All Boom No Bust
The price of gold has been hovering around $1,300 an ounce lately, down more than 25 percent from its peak of over $1,800 in 2011. In times past, that would have been a sure signal for the bottom to fall out of the economy in many of Nevada’s rural counties, for which the boom-and-bust cycles of the mining business come as regularly as a spectacular desert sunrise. But, … [Read more...]
Industry Focus: Healthcare
The healthcare industry continues to focus on the challenge of improving quality of care while managing costs. A group of Nevada’s healthcare leaders recently met at the Las Vegas offices of City National Bank to discuss this challenge, as well as new opportunities in the Silver State. Connie Brennan, publisher and CEO of Nevada Business Magazine, served as moderator for the … [Read more...]
