Housing’s rebalancing, as reflected in the sharp decline in permitting activity relative to year-ago levels, has created an economic drag, resulting in more modest change of late. For example, Nevada’s employment growth has slowed to 1.7 percent as measured by the June 2007 level relative to June 2006. Over the same period, Las Vegas (Clark County) posted a 2.1 percent gain and … [Read more...] about September 2007: Business Indicators
Office Market Summary: 2nd Quarter 2007
Las Vegas: The Las Vegas Valley’s speculative office space vacancy rate remained relatively unchanged from first quarter 2007. It increased by 0.1 percentage points to 10.9 percent. Class A vacancy increased by 3.4 percentage points to 10.5 percent, while Class C rose by .08 percentage points to 13.5 percent. The reported Class B vacancy rate was 10.6 percent (down 1.1 … [Read more...] about Office Market Summary: 2nd Quarter 2007
September 2007: Face to Face
Amy Ayoub President Ayoub and Associates Las Vegas Years in Nevada: 54 Years with Firm: 9 Type of business: Political and non-profit fundraising, business and personal coaching, training. Biggest business challenge: Finding the best staff for my style and for my clients. As we grow, we continue to face the challenge of finding others who fit comfortably. What … [Read more...] about September 2007: Face to Face
Industry Focus: Bankers
Recently, industry experts sat down at Cili Restaurant in Las Vegas to discuss Nevada’s banking industry, including loans, effects of the slumping housing market, the evolving commercial market, workforce issues and competition. Connie Brennan, publisher of Nevada Business Journal, served as the moderator for the event as part of the magazine’s monthly Industry Focus series, … [Read more...] about Industry Focus: Bankers
Denying School Choice to Those Who Need it Most
While growing numbers recognize that school choice is urgently needed in Nevada and across the country, the National Education Association (NEA), at its annual meeting in Philadelphia this summer, hardened its position against charter schools and school choice. Presidential candidates Hillary Clinton and Barack Obama addressed this convention as full supporters of both … [Read more...] about Denying School Choice to Those Who Need it Most
September 2007: Nevada Briefs
Healthcare Heroes Honored at Annual Events Nevada Business Journal and Anthem Blue Cross and Blue Shield recently held the second annual Healthcare Heroes events. They took place at the Four Seasons Hotel in Las Vegas and the Silver Legacy in Reno, and recognized the outstanding achievements of 20 Nevadans – 10 from Southern Nevada and 10 from Northern Nevada. Healthcare … [Read more...] about September 2007: Nevada Briefs
How Can Businesses Prepare for Emergencies? Every Business Needs a Plan
Emergencies can occur within the blink of an eye. The U.S. Department of Homeland Security’s Ready Business Campaign is urging Nevada’s business owners and managers to begin preparing for the unexpected. Uncontrollable emergencies, both natural and man-made, affect Americans on a daily basis, but preparation is something that remains in everyone’s control. If businesses are … [Read more...] about How Can Businesses Prepare for Emergencies? Every Business Needs a Plan
Renown Health’s Tahoe Tower: A Hospital with a Hotel Feel
In an effort to meet the core needs of the community, Renown Health will soon open its Tahoe Tower. “The project was built for current and projected growth in terms of volume, as well as the need for higher and more advanced levels of technology and service,” said Newton Chase, director of facilities, services and major projects for Renown Health. “This is a major medical … [Read more...] about Renown Health’s Tahoe Tower: A Hospital with a Hotel Feel
Tradewinds Construction: Easing the Burden of Tenant Improvements
Owning your own office is a growing trend in Las Vegas among small business owners, doctors, dentists and lawyers. According to Jessica Willett, senior research coordinator in the Las Vegas office of CB Richard Ellis, there are currently 675,000 square feet of the so-called “office condos,” with 735,000 square feet under construction and another 617,000 square feet … [Read more...] about Tradewinds Construction: Easing the Burden of Tenant Improvements
August 2007: Building Nevada Briefs
New Retail Center Opens in North Las Vegas The first large-scale, commercial retail project within the redevelopment area of downtown North Las Vegas, Cheyenne Point, recently had its grand opening. The retail center is a result of a public-private partnership between Montecito Companies and the city of North Las Vegas Redevelopment Agency. The $30 million, 95,000-square-foot … [Read more...] about August 2007: Building Nevada Briefs
August 2007: Business Indicators
Nevada indicators continue to soften, a reflection of rebalancing in housing construction and slower spending for consumer durables. Nevada April taxable sales is down in the short-run (compared with the previous month) and the trend (same month year ago). Still, job growth continues to trend up, suggesting expansion at slower rates. The picture in Las Vegas and Reno looks … [Read more...] about August 2007: Business Indicators
You’re defined by the company you keep…
As the father of five teenage daughters (and that’s only half our children), this old saying is just one of the many tools I find myself using to direct our girls (and trust me, I need all the tools I can get). Defining yourself by the company you keep also holds true in the business world. It’s important to know your market in any business, and it is especially true in the … [Read more...] about You’re defined by the company you keep…
Hiring Beyond Qualifications: Six Questions to Assist in Hiring Good Character
Hiring new employees has one of the greatest impacts on a small business. Typical interviews focus on qualifications and how well individuals present themselves. However, the most important quality is good character. Hiring decisions usually come down to intuition about the applicant’s character. Unfortunately, those who perform well in interviews don’t always have the best … [Read more...] about Hiring Beyond Qualifications: Six Questions to Assist in Hiring Good Character
High-Rise Construction: The Changing Nevada Skyline
When Nevada Business Journal published its first high-rise article two years ago, there were more than 100 high-rise condo projects slated for Southern Nevada alone. In response to a more stringent market, modified building conditions and a need for capital, a good number of the 100-plus projects have been delayed or cancelled, including W Hotel, Charlie Palmer Hotel, … [Read more...] about High-Rise Construction: The Changing Nevada Skyline
Industry Focus: Telecommunications
Recently, industry experts sat down at Cili in Las Vegas to discuss Nevada’s telecommunications industry, including new legislation, workforce issues, competition and changing technology. Connie Brennan, publisher of Nevada Business Journal, served as the moderator for the event as part of the magazine’s monthly Industry Focus series, which brings industry leaders together to … [Read more...] about Industry Focus: Telecommunications