Despite the spin from some, Nevada business people care deeply about education in Nevada and routinely donate millions towards K-12 and higher education. Unfortunately, politicians also routinely force “contributions” by raising taxes, including the largest tax hike in Nevada history during the last legislative session. For decades, business owners and employees have paid … [Read more...] about Businesses Needed for Scholarship Program: At No Net Cost to Firms, Donations will Improve the Lives of Students
Monthly Editorial Departments
Red Report: September 2015
E Sale, Retail ADDRESS 821 Lamb Blvd., 89110 BUYER Orexco 1031 Exchange SELLER DCR Real Estate VI Sub I, LLC DETAILS 17,606 SF; $2,250,000 APN 140-29-301-010 BUYER’S REP Carlington Miller of Realty One SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank Sale, Industrial ADDRESS 4280 N. Pecos Rd., 89115 BUYER BAJ, LLC SELLER JJS, LLC DETAILS … [Read more...] about Red Report: September 2015
Office Summary: Second Quarter 2015
Southern Nevada Las Vegas Valley spec office vacancy rates during Q2, 2015 ranged from 16.3 percent for Class C space to 32.1 percent for Class A. The overall vacancy rate was 21.6 percent, a decline from 21.7 percent recorded in Q1, 2015. Compared to Q2, 2014, the vacancy rate is down 1.1 points from 22.7 percent. Q2’s decline in vacancy rate makes 6 quarters with an … [Read more...] about Office Summary: Second Quarter 2015
Business Indicators: September 2015
The preliminary estimate for U.S. real gross domestic product (GDP) in the second quarter of 2015 indicates an annualized rate increase of 2.3 percent. Recent Bureau of Economic Analysis revisions state that real GDP increased by 0.6 percent in the first quarter of 2014, higher than the negative 0.2 percent growth in the third estimate. Higher real GDP growth in the first … [Read more...] about Business Indicators: September 2015
Around the State: August 2015
Reno Ranks Among Best Cities for Recreation WalletHub, a personal finance website, recently conducted an in-depth analysis of this year’s best and worst cities for recreation. The study found that, of the 100 largest cities, Reno ranked 10th for best cities for recreation. The study looked at cities across 27 key metrics and the data set included figures such as parkland … [Read more...] about Around the State: August 2015
The Choice Union Members Don’t Know They Have: Why Employee Freedom Scares Union Bosses
Have you ever bought a new washer and dryer only to discover that the store down the street sold the same set for $750 less? It’s a frustrating experience to find out that you had better options than the ones you knew about. This is the situation that tens of thousands of Nevada union members unknowingly find themselves in. According to the Bureau of Labor Statistics … [Read more...] about The Choice Union Members Don’t Know They Have: Why Employee Freedom Scares Union Bosses
Red Report: August 2015
E Sale, Retail ADDRESS 4741 E. Charleston Blvd., 89104 BUYER H&J Goldman Properties, LLC SELLER 4741 Charleston Acquisition, LLC DETAILS 4,600 SF; $662,644 APN 161-05-510-007 BUYER’S REP Neil Dela Cruz and Hillary Steinberg of MDL Group SELLER’S REP Ben Millis and Chris Beets of Newmark Grubb Knight Frank Lease, Industrial ADDRESS 2542 Abels Ln., 89115 TENANT … [Read more...] about Red Report: August 2015
Industrial Summary: Second Quarter 2015
Southern Nevada The overall vacancy rate for the Las Vegas Valley Industrial market in the second quarter was 6.2 percent, a drop of 0.5 points, from 6.7 percent in the first quarter of 2015. This decline equates to ten straight quarters of declining industrial vacancies. The strong growth in demand for industrial space, paired with resurgent construction and industrial … [Read more...] about Industrial Summary: Second Quarter 2015
Business Indicators: August 2015
The “third” estimate for first quarter 2015 shows U.S. real gross domestic product decreasing at an annualized rate of 0.2 percent, higher than the negative 0.7 percent growth previously reported in the “second” estimate. The revision consisted of a smaller decrease of exports and a larger increase in personal consumption expenditures. Federal government spending, changes in … [Read more...] about Business Indicators: August 2015
Around the State: July 2015
Final Phase of Carson City Freeway Begins The Nevada Department of Transportation has broken ground on the final leg of the Carson City Freeway project. The $42 million project completes I-580, connecting Carson City to Nevada’s freeway system and Reno. The final phase of the project will pave and open the last four miles of the freeway to traffic. The freeway is expected to … [Read more...] about Around the State: July 2015
Red Report: July 2015
E Project, Industrial ADDRESS 5402 E. El Campo Grande Ave., 89115 CONTRACTOR OF RECORD Burke Construction Group DETAILS Burke Construction Group recently completed the 180,000 SF Bed, Bath & Beyond Harmon Distribution Facility Center. Developed by Thomas and Mack Development Group and designed by CASCO, the $5.2 million project included the construction of 120,000 SF of … [Read more...] about Red Report: July 2015
Retail Summary: First Quarter 2015
Southern Nevada The Las Vegas Valley anchored retail vacancy rate rose 0.5 points from 11.4 percent in Q4 2014 to 11.9 percent in Q1 2015. At the end of Q1, vacancy rates ranged from 9.3 percent in Power Centers to 12.7 percent in both Community and Neighborhood Centers. The first quarter makes two consecutive quarters with a rising vacancy rate. Still, this increase is not … [Read more...] about Retail Summary: First Quarter 2015
Business Indicators: July 2015
The “second” estimate for first quarter 2015 shows U.S. real gross domestic product decreasing at an annualized rate of 0.7 percent, lower than the 0.2 percent growth previously reported in the “advance” estimate. The revision consisted of a less increase of personal consumption expenditure and inventory investment and a larger decrease of net exports from fourth quarter 2014 … [Read more...] about Business Indicators: July 2015
Learning the Minimum Wage Lesson
Nevada doesn’t have to learn the hard way when it comes to raising the minimum wage It’s always better to learn from someone else’s mistakes before being affected by those mistakes personally. Seattle didn’t have this luxury when its city council voted last year to raise its minimum wage to $15 an hour, making it the municipality with the highest minimum wage in the … [Read more...] about Learning the Minimum Wage Lesson
Around the State: June 2015
U.S. Trade and Development Agency Partners with Nevada Industry Excellence Nevada Industry Excellence (NIE), a resource for manufacturing businesses, has partnered with the U.S. Trade and Development Agency (USTDA) through the Making Global Local program. The program connects companies to USTDA’s export promotion programs. ArrowData Receives FAA Approval to Operate Drones for … [Read more...] about Around the State: June 2015