It is no secret that Nevada is often found at the top of all the ‘bad’ lists and at the bottom of all the ‘good’ lists. The economy, housing market crisis, declining tax revenues and a host of other issues are contributing to growing concerns about the quality of life throughout the U.S. and here in Nevada. Education has become especially concerning in the state of Nevada. K-12 … [Read more...] about K-12 Education: Problems Stack Up
Payroll Issues: Knowing When to Ask For Help
A company’s largest asset is generally the people who work for it and as such, payroll is often its greatest expense. Payroll must be done timely and accurately to avoid penalties and worker dissatisfaction. However, payroll processing is complex, involving more than 100 U.S. Department of Labor regulations and several evolving state and federal tax rules. “It’s very … [Read more...] about Payroll Issues: Knowing When to Ask For Help
Uncertainty in the Banking Sector: Controlling Your Reactions
Recent news about the banking industry is causing concern across the country, including here in Nevada, where our economy is facing more challenges than we have seen in many years. Such concerns are understandable. But, as is often the case with complicated financial issues that garner sudden and widespread media coverage, it is important to keep this in perspective. Many … [Read more...] about Uncertainty in the Banking Sector: Controlling Your Reactions
September 2008: Nevada Briefs
Southern Nevada NAIOP Announces Support for NDOT Project The board of directors for the Southern Nevada Chapter of the National Association of Industrial and Office Properties (NAIOP) voted unanimously to support the Nevada Department of Transportation’s (NDOT) proposed I-15/US 95 Demonstration Project as part of its Pioneer Program. The innovative public-private project will … [Read more...] about September 2008: Nevada Briefs
Commercial Space: Owning vs. Leasing
Despite a wary economy that has many businesses waving the yellow caution flag, commercial real estate professionals say they are doing deals that are adapted to the economic conditions. In making decisions about physical space, perhaps the first question to answer is whether it is better to buy or to rent. Although every aspect of the business must be considered in making this … [Read more...] about Commercial Space: Owning vs. Leasing
September 2008: Business Up Front
Employers Enhance 401(k)s To Match Employee Demands In a survey released by the Charles Schwab Corporation, companies are spending more to strengthen their 401(k) plans. The survey results show a trend in corporate America of adding features that increase savings such as automatic enrollment, increasing matching contributions, investment advice and additional investment … [Read more...] about September 2008: Business Up Front
Office Market Summary: Second Quarter 2008
Las Vegas The Las Vegas Valley office market reported its highest level of vacancy in recent history during the second quarter of 2008, 16.7 percent. During the quarter, a total of 1.3 million square feet completed construction, while a negligible amount of net absorption was reported at approximately 1,400 square feet. Availability reached a new peak of 7.9 million square … [Read more...] about Office Market Summary: Second Quarter 2008
Employers Proceed With Caution: Managing Layoffs
Recent mergers and acquisitions and a volatile economy have prompted reductions in workforce. Although employers are familiar with the exposure associated with an individual termination, layoffs affecting two or more employees can present additional legal pitfalls. Careful Planning Is a Must When thinking of downsizing, employers should define and articulate the pertinent … [Read more...] about Employers Proceed With Caution: Managing Layoffs
Industry Focus: Property Management
Just a few weeks ago, a group of Nevada’s top property management executives gathered at Cili Restaurant in Las Vegas to discuss the challenges facing their industry, from tenant retention woes, to recruitment efforts, to the dramatic increase in copper theft and graffiti. Connie Brennan, publisher of Nevada Business Journal, served as moderator for NBJ’s monthly event that … [Read more...] about Industry Focus: Property Management
Major Commercial Projects: Construction Continues
The majority of the state’s activity can be found in Southern Nevada, which had $4.4 billion worth of construction during the first five months of 2008 – a 21 percent increase over the first five months of 2007, reports McGraw-Hill Construction. Active commercial developments are seemingly making-up for the sharp residential downturn. Many of today’s projects are being … [Read more...] about Major Commercial Projects: Construction Continues
August 2008: Business Up Front
Top Executives Deal with Tough Economy Given the volatile economy of late, a new trend in CEO behavior has emerged. According to the 2008 Management Action Programs Inc. (MAP) quarterly survey, many CEOs are refraining from making bold, sudden business moves right now. Instead, many are opting to shift management gears into a “hunkering down and building up the business” … [Read more...] about August 2008: Business Up Front
Industrial Market Summary: First Quarter 2008
Las Vegas In the first of quarter 2008, the Las Vegas Valley’s speculative and non-speculative industrial market saw 2.8 million square feet of new space enter the market. This increased the Valley’s inventory from the previous quarter by 2.8 percent to 102.3 million square feet. Sublease space represents a small but growing portion of the Valley’s industrial market, rising … [Read more...] about Industrial Market Summary: First Quarter 2008
Charitable Contributions: Finding Your Philanthropic Style
Individuals and businesses in the United States have a long history and tradition of sharing their good fortunes by generously donating to charitable and philanthropic causes. In 2007, charitable contributions reached an estimated record high of $306.39 billion, according to Giving USA 2008, the yearbook on philanthropy by Giving USA Foundation released in June, 2008. Business … [Read more...] about Charitable Contributions: Finding Your Philanthropic Style
August 2008: Nevada Briefs
Prominent LA Law Firm Cements Its Presence In Las Vegas Christensen, Glaser, Fink, Jacobs, Weil & Shapiro, LLP opened a Las Vegas office located at 3763 Howard Hughes Parkway, Suite 300. The firm is known for its success in complicated high-risk litigation. It is currently one of the only law firms in the U.S. with comprehensive knowledge and experience in the Leadership … [Read more...] about August 2008: Nevada Briefs
Do you feel Nevada’s economy will be stronger in the coming year?
Von Heinz, Partner, Lewis and Roca LLP, Las Vegas “The economic malaise that grips the country will impact Europe and Asia harder than anticipated and, in turn, make Nevada’s financial recovery even more challenging. Nevada businesses whose employees provide the highest quality work product and most meaningful service will best be positioned to survive a difficult … [Read more...] about Do you feel Nevada’s economy will be stronger in the coming year?