This July Fourth, as we set off our illegal fireworks, ignore federally-required warnings about letting young children play with sparklers, and celebrate our liberation from government-mandated COVID protocols, it seems like a prescient time to ponder if we are still a “free people.” It’s a surprisingly complex question to answer. Obviously, to anyone who … [Read more...] about Are We Still a Free People?
Monthly Editorial Departments
Around the StateJuly 2021
CIS Reports Graduation Rate for Case-Managed Students Communities in Schools (CIS) has reported a 90 percent graduation rate for the 2019-2020 school year for students the organization case manages. The statewide average graduation rate is 84 percent. CIS manages a total of 6,500 students in grades K-12 and serves over 75,000 students in 75 schools across Nevada. The … [Read more...] about Around the State
Commercial RE Report: Retail SummaryFirst Quarter 2021
Northern Nevada By Dickson Commercial Group Retail had a strong start to the year in Q1 with $40,203,740 in total sales volume and 19 total sales. The average price per square foot in the first quarter was $347.20 with two sales over $1,000 per square foot. No neighborhood centers traded hands in the first quarter. The market has limited inventory and single … [Read more...] about Commercial RE Report: Retail Summary
Business IndicatorsJuly 2021
The “second” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 experienced a strong gain of 6.4 percent at an annual rate, remaining unchanged from the previous estimate. Downward revisions in net exports and private inventory investment offset upward revisions in consumer spending and nonresidential fixed investment. Overall, the strong recovery … [Read more...] about Business Indicators
Once Every Two Years is Often Enough
As the legislature mercifully comes to its predictably frantic close, we should be asking ourselves, “Why would anyone want this chaos every single year?” Nonetheless, there are plenty of activists, lawmakers, government agencies and special interests who would love to do just that—move to yearly legislative sessions rather than our usual biennial affair. In 2019, Senator … [Read more...] about Once Every Two Years is Often Enough
Around the StateJune 2021
Southern Nevada Organizations Partner to Create Hiring Resource Powered by the Las Vegas Global Economic Alliance (LVGEA) and presented by Switch, HireUp is a new resource designed to simplify the process for employers to connect with student interns. The LVGEA has partnered with Workforce Connections, the Vegas Chamber and several Nevada higher educational institutions to … [Read more...] about Around the State
Commercial RE ReportOffice Summary: First Quarter 2021
Northern Nevada By Colliers | Reno Reno’s office market has continued to show its resilience one year into a once-in-a-century pandemic. Reno’s office demand has stabilized in the first quarter of 2021 and vacancy has only slightly ticked up over the last year. Office vacancy saw a 20-basis point decrease since the previous quarter, from 13.6 percent at the end of 2020 to … [Read more...] about Commercial RE Report
Business IndicatorsJune 2021
The “advance” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 experienced a strong gain of 6.4 percent at an annual rate, bringing the gap from the pre-pandemic peak to within one percent. This strong recovery was boosted by a surge in consumer spending that probably incorporated the second and third stimulus checks. In addition, government … [Read more...] about Business Indicators
New Taxes Aren’t Just a Bad Idea, They’re an Insult to Struggling Nevadans
Even before the federal government decided to throw roughly $4.5 billion federal dollars Nevada’s way as part of a COVID relief package, state government had been spared most of the pain from the last year of arbitrary and devastating coronavirus restrictions. While Nevada workers suffer from some of the worst unemployment rates in the nation (Las Vegas has stubbornly rated … [Read more...] about New Taxes Aren’t Just a Bad Idea, They’re an Insult to Struggling Nevadans
Around the StateMay 2021
PUCN Approves NV Energy’s Greenlink Nevada Initiative The Public Utilities Commission of Nevada (PUCN) has approved NV Energy’s proposed Greenlink Nevada transmission and renewable energy initiative. The initiative will tap into renewable energy zones throughout western and northern Nevada to accelerate the development of clean energy on public lands and increase electric … [Read more...] about Around the State
Commercial RE ReportIndustrial Summary First Quarter 2021
Northern Nevada By CBRE Reno The northern Nevada industrial market continued to build off its momentum from the previous year by posting strong market fundamentals again in Q1 2021. Gross absorption for the quarter reached 1.9 million square feet (SF). Net absorption was also robust, posting a positive 1.3 million SF. Low vacancy rates have allowed for sizable increases … [Read more...] about Commercial RE Report
Business IndicatorsMay 2021
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2020 increased 4.3 percent at an annual rate, revised up by 0.2 percent from the previous estimate. This reflected larger private inventory investment than previously reported, which was partly offset by a downward revision in nonresidential fixed investment. Retail sales in February were … [Read more...] about Business Indicators
A Zero-Risk Society is Not a Reasonable Policy Proposal
Some Nevadans might be old enough to remember when “two weeks to slow the spread” was the official position of most governors invoking vast emergency powers in response to the novel coronavirus. Long gone are those days. For more than a year, we have lived in a world where one-man-rule suddenly usurped representative democracy as the standard form of state government and … [Read more...] about A Zero-Risk Society is Not a Reasonable Policy Proposal
Around the StateApril 2021
Sand Reaches Agreement to Sell Las Vegas Property Las Vegas Sands Corp. has entered into definitive agreements to sell its Las Vegas real property and operations for approximately $6.25 billion. The Venetian Resort Las Vegas and the Sands Expo and Convention Center are both part of the agreement. Under the terms of the agreement, an affiliate of funds managed by Apollo Global … [Read more...] about Around the State
Commercial RE ReportRetail Summary: Fourth Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its best quarter of the year in the fourth quarter of 2020 with $84.05 million in total sales volume and 19 total sales. For comparison, the total volume in Q3 was $10.3 million and the total volume in Q2 was $9.6 million. The average price per square foot in the fourth quarter was the lowest average this year at … [Read more...] about Commercial RE Report