On March 20, Governor Sisolak ordered all nonessential businesses to close as Nevada followed shutdown orders, attempting to slow the spread of COVID-19. Overnight, the travel and tourism engine shutdown. For the first time ever, casinos closed their doors. During the first week of shutdown, nearly 3.3 million Americans filed for unemployment benefits. The … [Read more...] about New Beginnings
Features
Industry FocusCPAs
Top Row: Curt Anderson, Fair Anderson Langerman; Mark Bailey, Excelsis Accounting; Connie Brennan, Nevada Business Magazine; Leslie Daane, Barnard Vogler & Co.Middle Row: Anna Durst, Nevada Society of CPAs; Bruce Ford, City National Bank; Daniel Gerety, Gerety & Associates; Glenn Goodnough, Rubin Brown; Last Row: Alisha McClellan, Clifton Larson Allen; Mark D. … [Read more...] about Industry Focus
CCIM: A New WorldNavigating Changing Times with CCIM
Without change, nothing grows. But unexpected, chaotic change in economic systems and business transactions causes uncertainty and lost opportunities. In uncertain times, people reach for touchstones, for information and for the guidance of experienced professionals in their own markets. Seasoned, professional CCIM designees possess the knowledge, stability and expertise to … [Read more...] about CCIM: A New World
Uncertain TimesMultifamily in Nevada
April was set to be yet another busy month for sales of apartment complexes in Nevada, one of the hottest multifamily markets in the country. And then, all of sudden, it wasn’t. After state and local governments mandated business closures — with resulting job losses — to battle the COVID-19 pandemic, multifamily investors, developers and managers stepped … [Read more...] about Uncertain Times
In #SupportLocal, U.S. Bankers ThankVegas’s Small Businesses and First Responders
Branch employees are rallying around local partners amid business disruption caused by the pandemic U.S. Bank employees ordering takeout from Capriotti’s Sandwich Shop Amid the COVID-19 pandemic, U.S. Bank employees have been teaming up with small businesses to provide meals for health care workers and other first responders. With banking having been defined by … [Read more...] about In #SupportLocal, U.S. Bankers Thank
Water Scientists Study SewageTo Advance Coronavirus Research
Water quality researchers with the Southern Nevada Water Authority (SNWA) are pursuing a novel method to detect and monitor for the presence of the novel coronavirus in sewage wastewater. The high-tech detective work uses the emerging science of wastewater epidemiology to find and measure the genetic markers of the coronavirus in untreated sewage and better understand the … [Read more...] about Water Scientists Study Sewage
Eight Effective StrategiesFor Supporting Employees After a Disaster
Sponsored by Insperity Natural disasters, pandemics and other disruptive events create a host of problems for company leaders. Everything from structural damage to lost productivity and employee assistance must be handled simultaneously. Although it may be tempting to crack the whip and get back to business as usual as quickly as possible, it’s best to avoid … [Read more...] about Eight Effective Strategies
Legal Elite 2020The Silver State’s Top Attorneys
Now in its thirteenth year, Legal Elite is an annual list showcasing Nevada attorneys who have been recognized by their associates for their work and dedication to the legal field. Polling began in mid-February and nearly 4,500 nominations were submitted by licensed attorneys in the state. Each submission then went through an extensive verification process resulting in the top … [Read more...] about Legal Elite 2020
Lights Out, Doors LockedNevada’s Tourism Industry Rides Out the Coronavirus Pandemic
Early morning on March 17, Nevada casinos locked their doors. Sandra Morgan, Nevada Gaming Control Board chair, has lived in Nevada since she was a year old. She grew up around the tourism industry. “My mother worked in the hospitality industry,” she explained. “When you think about the closure, and the fact they never had to lock the doors because the doors … [Read more...] about Lights Out, Doors Locked
Industry FocusArts & Culture
An industry that depends upon having an audience, arts and culture organizations have been hit particularly hard by the community effects of the COVID-19 pandemic. Fortunately, those in this industry are known for their creativity and are already finding ways to adapt and continue to serve Nevadans. Recently, arts and culture executives came together for a virtual roundtable … [Read more...] about Industry Focus
Nevada’s Title IndustryOn the Sidelines
Ask Robert Ray how Nevada’s title industry from a commercial real estate perspective is doing amid the coronavirus pandemic, and you’ll get a mixed response. In the title business for 25 years, and senior vice president, manager of Fidelity National Title Group in Las Vegas, Ray is anxious to see how the industry recovers as businesses begin to reopen and employees begin … [Read more...] about Nevada’s Title Industry
Temporarily Closed for BusinessNevada Versus COVID-19
Seemingly overnight the coronavirus (COVID-19) pandemic has swept through the world and changed every aspect of daily activity. From home-life and recreation to work and business operations, individuals everywhere have had to quickly learn to adapt to an unprecedented event. Working from home has been a trial by fire as businesses throughout Nevada closed their doors after … [Read more...] about Temporarily Closed for Business
Nevada UtilitiesNew Technologies, New Threats, New Solutions
Modern utilities, whether it’s electricity, water or natural gas, are expected to be there when needed. Utilities companies today face new challenges and need to adapt to a changing world, creating procedures to keep staff and customers safe and resources available. The tools have changed. Technology offers new solutions, climate change brings new challenges and a … [Read more...] about Nevada Utilities
Industry FocusBrokers
As Nevada businesses work to adjust to a rapidly changed world, executives in commercial brokerage see a multitude of changes to their industry. From tenant and landlord to bankers, brokers are involved in nearly every aspect of the commercial real estate industry and are working to advise their clients moving forward in a post-COVID world. Recently, brokerage executives … [Read more...] about Industry Focus
Family Owned Businesses 2020
Nevada State Bank is proud to join Nevada Business Magazine in celebrating the accomplishments of the 2020 Family Owned Business award finalists. Although each family business is unique, successful companies share qualities like perseverance, ingenuity, teamwork and community service – qualities exemplified by the businesses featured this year. This year will long be … [Read more...] about Family Owned Businesses 2020
Supply & DemandNevada’s Industrial Market
The demand for industrial space has been extraordinarily strong in Nevada throughout this economic expansion and is expected to stay consistent throughout the rest of this year and into 2021, according to real estate professionals throughout the state. Originally, a decline in demand was expected due to the country’s trade war with China, but with trade tensions easing that … [Read more...] about Supply & Demand
Emergency ReadinessHelps Protect Southern Nevada’s Water Supply
Ensuring the community has a clean, safe and reliable water supply even during emergencies takes planning and preparedness. The Southern Nevada Water Authority (SNWA) and its member agencies have robust emergency response and readiness plans to help maintain water system operations during natural disasters, community-wide illness, and other emergency situations. “We test … [Read more...] about Emergency Readiness
Healthcare in NevadaA Look at Hospitals in the Silver State
As Nevada’s hospital executives began gearing up quickly during March to deal with the challenges of the coronavirus, most of them could take some comfort from the knowledge that their institutions were working from a solid financial base. From Henderson to Reno, the combination of good financial performance and increasing demands presented by population growth … [Read more...] about Healthcare in Nevada
Knowing WorthBusiness Valuation in Nevada
Even as the economy was cooling off coming out of the winter and stung by the effects of the spread of coronavirus, businesses are selling at record paces in Nevada. In northern Nevada, The Liberty Group is coming off its best year ever, owner and broker Brad Bottoset said. The great year in 2019 was coming off two prior years that had also set records and Bottoset felt more … [Read more...] about Knowing Worth
Industry FocusHuman Resources
Human resources is an industry that is constantly evolving. From workforce shortages to the impacts of the COVID-19 pandemic, this industry must be ready to switch gears at a moment’s notice. This meeting of Nevada human resource executives occured prior to the widespread effects of the coronavirus. The executives met at the Las Vegas offices of City National Bank to discuss … [Read more...] about Industry Focus