Southern Nevada The Las Vegas Valley retail vacancy rate dropped 0.2 percentage points to 10.1 percent in Q1, 2016, a positive start to the year. At the end of Q1, Southern Nevada’s vacancy rate was again lowest in power centers at 7.2 percent. Neighborhood and community centers were almost even with vacancy rates of 10.9 and 11 percent, respectively. As of the end of Q1, … [Read more...] about Retail Summary First Quarter 2016
Monthly Editorial Departments
Business Indicators: July 2016
The second estimate for U.S. real gross domestic product (GDP) for the first quarter of 2016 was revised upward from the first estimate of 0.5 to 0.8 percent annualized growth rate. This revision mainly reflects upward adjustments in private inventory investment, residential fixed investment and exports and a downward adjustment in imports. The stronger dollar, cheaper oil and … [Read more...] about Business Indicators: July 2016
Teacher Unions Put Unions First, Not Students
Teachers in Detroit went on strike last month — demonstrating once again that union bosses are not nearly as interested in quality education for children, as they are in maintaining the political power of their unions. Of course, union apologists will argue that what happened in Detroit, where teachers are legally barred from striking, was not technically a “strike.” … [Read more...] about Teacher Unions Put Unions First, Not Students
Around the State: June 2016
University of Nevada School of Medicine Graduates Doctors, Releases Report Last month, the University of Nevada School of Medicine held commencement ceremonies for the Class of 2016 in the Lawlor Events Center at the University of Nevada, Reno. The school graduated 66 students who will take a short break before beginning their residency training programs and are entering … [Read more...] about Around the State: June 2016
Red Report: June 2016
E Sale, Office ADDRESS 4101 E. Charleston Blvd., 89104 BUYER Sunland Properties, Inc. SELLER Gramercy Capital Corp. DETAILS 148,070 SF; $4.6 million APN 161-06-501-008 SELLER’S REP Tom Naseef, CCIM, SIOR and Jeff Naseef of Colliers International Sale, Multi-Family ADDRESS 1650 N. Pecos Rd., 89115 BUYER ABJ Group Enterprises SELLER California Capital Real Estate … [Read more...] about Red Report: June 2016
Office Summary: First Quarter 2016
Southern Nevada Las Vegas Valley speculative office vacancy rate in Q1, 2016 rose 0.3 points to 18.7 percent from Q4, 2015. This was the first increase in the vacancy rate in four quarters. Vacancy rates ranged from 15.5 percent for Class C space to 23.5 percent for Class A space at the end of Q1. Although we saw a slight increase in the vacancy rate to begin the year, we … [Read more...] about Office Summary: First Quarter 2016
Business Indicators: June 2016
The advanced estimate for U.S. real gross domestic product (GDP) for the first quarter of 2016 experienced an expected, but disappointing, gain of an annualized 0.5 percent. The weak growth mainly reflects a large 5.9 percent decrease in nonresidential investment. Consumer spending still continues to provide the main driver of real GDP growth, although it decelerated its upward … [Read more...] about Business Indicators: June 2016
ESA’s Aren’t About Politics — They’re About the Students
If Nevada is serious about improving education throughout the state, it needs to begin focusing on children — not taxpayer-funded bureaucracies. By using students and teachers as little more than political props, the established public school system routinely pressures voters, taxpayers and politicians for an ever-increasing amount of funding. Governor Brian Sandoval used … [Read more...] about ESA’s Aren’t About Politics — They’re About the Students
Around the State: May 2016
Housing Prices Rise Across Nevada According to the Greater Las Vegas Association of Realtors’ (GLVAR) most recent report, the median price of single-family homes is up 7.3 percent from the same reporting period a year ago to $220,000 in Southern Nevada. Chase International Real Estate also recently released a report indicating that the median price of a home in the Reno/Sparks … [Read more...] about Around the State: May 2016
Red Report: May 2016
E Sale, Retail ADDRESS 4440 E. Washington Ave., 89110 BUYER Berryessa Plaza, LLC SELLER Mark M. Kaisi DETAILS 30,441 SF; $2,450,000 APN 140-29-212-003 BUYER’S REP Dan Gluhaich of Colliers International SELLER’S REP Cathy Jones, CCIM and Paul Miachika of Sun Commercial Real Estate Sale, Land ADDRESS 3500 N. Lamb Blvd., 89115 BUYER Lambeau, LLC SELLER Lamb Blvd … [Read more...] about Red Report: May 2016
Industrial Summary: Fourth Quarter 2015
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q1, 2016 was 5.0 percent, a rise of 0.3 points, from 4.7 percent in Q4, 2015. Q1’s increase was the second quarter in a row with an increase in vacancy rate. Still, with the vacancy rate at such a low level, these rises are not a cause for concern. The strong growth in demand for industrial space, along … [Read more...] about Industrial Summary: Fourth Quarter 2015
Business Indicators: May 2016
The third estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2015 was revised upward again from the second estimate of 1.0 percent to a 1.4 percent annualized growth rate. This revision mainly reflects an increase in consumer spending, which is partly offset by a downward revision of private inventory investment. The stronger dollar, cheap oil and a … [Read more...] about Business Indicators: May 2016
Around the State: April 2016
Health Plan of Nevada and Southwest Medical launch “Medicine on the Move” United Healthcare’s Health Plan of Nevada and Southwest Medical have launced a portable doctor’s office called “Medicine on the Move”. The mobile medical center is designed to lower barriers to healthcare, such as transportation, child care, work obligations and the low number of primary care physicians … [Read more...] about Around the State: April 2016
The Discriminatory Law Being Used to Torpedo Educational Choice in Nevada
It seems ironic that a group named something as benevolent as “The American Civil Liberties Union” would be using a discriminatory law from the 1800s to prohibit disadvantaged Nevadans from obtaining quality education. But, that’s exactly what is happening. In one of the two court cases aimed at stopping Nevada’s innovative Education Savings Accounts, the ACLU is arguing … [Read more...] about The Discriminatory Law Being Used to Torpedo Educational Choice in Nevada
Red Report: April 2016
E Sale, Land ADDRESS SWC of Nellis Blvd. & Geist Ave., 89115 BUYER Millis Nellis, LLC SELLER Criswell Properties, LLC DETAILS 1.39 acres; $292,000 APN 140-17-611-011 BUYER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank SELLER’S REP Gary Burgher of Pro Commercial Real Estate, Inc. H Sale, Office ADDRESS 2811 W. Horizon Ridge Pkwy., 89052 BUYER … [Read more...] about Red Report: April 2016