For the first time since the pandemic quarantine, Nevada’s visitor volume was more than 4 million in June, said Brenda Scolari, director, Nevada Tourism & Cultural Affairs, TravelNevada. “Even though that’s 16 percent below comparable in the same month in 2019, we have had visitation growth steadily improving month to month.” Visitor numbers reflect tourism trends … [Read more...] about Meet You in Nevada
A Tale of Two CitiesRetail Commercial Real Estate in Nevada
“Retail commercial real estate (CRE) in Nevada is a tale of two cities, really,” said Chris Richardson, CCIM, director, Logic Commercial Real Estate. “On the one hand, I have never seen such demand for new drive-through restaurants in good areas. It seems like everyone is expanding and some quick serve restaurants that never incorporated drive-through before are starting to … [Read more...] about A Tale of Two Cities
Cybersecurity for Business OwnersMinimize Risk, Maximize Security
All businesses, from corporate giants to mom and pop enterprises, have data that needs to be protected. This is one instance where the size and type of a business is irrelevant. “That’s a real challenge that small businesses haven’t quite learned to cope with,” said Brian Fricke, chief information security officer, City National Bank. “You can outsource a lot of things, of … [Read more...] about Cybersecurity for Business Owners
A Place to Call HomeNevada’s Residential Housing Market
In southern Nevada, between 13,000 and 14,000 new home permits have been pulled in 2021, up 11 percent from 2020, said Nat Hodgson, CEO, Southern Nevada Home Builders Association (SNHBA). “We thought we were going to get about the same as last year, so an 11 percent increase when we were factoring zero is pretty good. We’re actually tracking over 14,000 right now, but I don’t … [Read more...] about A Place to Call Home
Investment StrategiesA Guide for Business Owners
One of the top questions for business owners looking for solid investment strategies is: “Why are you in business?” That question, said Brian Loy, president, Sage Financial Advisors, applies both to why business owners get out of bed in the morning, and to one of the reasons for running a business; to make money. The answer to the question becomes one of the three legs of a … [Read more...] about Investment Strategies
Safety on the JobResponsibilities on Site
Construction as an industry, including commercial real estate construction, is subject to safety rules and regulations from federal and state agencies. Federal requirements are implemented by the Nevada version of OSHA – the Occupational Safety and Health Administration, which operates under the U.S. Department of Labor. Nevada’s state-level OSHA is administered through the … [Read more...] about Safety on the Job
Southern Nevada CCIMWrite the Next Chapter
The commercial real estate industry is constantly changing. Navigating and thriving in that world requires expertise, education, stability and knowledge. Certified Commercial Investment Members earn their designation as CCIMs through extensive and ongoing education, and submission of a portfolio of real-world deals. Before they ever guide a client through a transaction, … [Read more...] about Southern Nevada CCIM
Commercial Real Estate FinancingNavigating a Post-Pandemic Market
Fickle – that’s one word to describe the commercial real estate market as the COVID-19 pandemic winds down and the accompanying economic development downturn looks likely to take 18 to 24 months to resolve. For individuals or companies wanting to buy or build commercial real estate (CRE) properties, there’s money available – for the right person, with the right deal … [Read more...] about Commercial Real Estate Financing
A Year of ChangesEngineering in Nevada
As 2020 kicked off, many firms across the commercial real estate engineering industry were poised for their best year ever. The Nevada economy was healthy, with growth across most industry sectors as new and expanding businesses created new development projects that required commercial real estate (CRE) engineering services. Metro areas were busy with private development and … [Read more...] about A Year of Changes
Event Planning and COVIDTransforming Events Today for Tomorrow’s Market
Some of the top trade shows and conventions in the country happen in Nevada. With an economy that relies on and excels at hospitality and tourism, it’s a good mix. In 2019 there were an estimated 43 million visitors to southern Nevada, with 6.6 million there to attend a meeting or convention. The economic impact of the industry was $11.4 billion. “As much as people think of … [Read more...] about Event Planning and COVID
Then & NowHenderson
It’s the second largest city in the state, one of the safest cities in the nation and has some of the best schools in southern Nevada. Fifteen minutes from the McCarran International Airport, and 30 minutes from the California border, Henderson is a great place for people and businesses to call home. Ten years ago, the City of Henderson was just coming out of the Great … [Read more...] about Then & Now
Multi-Family in NevadaLet’s Get Vertical
When the pandemic locked Nevada into quarantine in 2020, multi-family commercial real estate market professionals braced for bad news. With the state essentially at a standstill, the most likely scenario was the multi-family commercial real estate market would take a direct economic hit. Instead, the opposite happened. The pandemic accelerated the market nationally, and the … [Read more...] about Multi-Family in Nevada
Nevada UtilitiesConservation & Creativity
Despite COVID-19 shutting down business as usual, Nevada utilities companies grew over the past year. New customers signed on. New pilot programs started up. New agreements between agencies were entered into. New sources for commodities and renewable resources were found. Disconnects for nonpayment were suspended in response to the pandemic. “Utilities in Nevada have been … [Read more...] about Nevada Utilities
Litigation in a Changing WorldWhat Business Owners Need to Know
“I don’t think there is such a thing as being safe from being sued,” said Samuel Schwartz, principal, Schwartz Law. “In today’s environment, the bar to bring litigation is so low that to try to completely protect yourself from litigation as a business would likely be a waste of resources.” Best Practices Maybe lawsuit-proof doesn’t exist, but business owners can and … [Read more...] about Litigation in a Changing World
Economic Forecast 2021Recovery vs. Recession
February 2020: Nevada’s economy was at a peak. Unemployment stood at 3.6 percent. The state led the nation in new job creation. March 2020: Governor Sisolak ordered all nonessential businesses to close and Nevada entered the worst recession since 2008. In two months, 280,000 Nevadans lost jobs. The COVID-19 recession was a faster, larger drop than the Great Recession, … [Read more...] about Economic Forecast 2021