Imagine watching an NBA game. With the Los Angeles Lakers leading the Boston Celtics 95 to 82 in the fourth quarter, the referees stop the game and award the Celtics 15 of the Lakers’ points and make the score 97 to 80 with the Celtics now leading. That would be outrageous and unjust, wouldn’t it? The Lakers earned their points, and it would be wrong for the … [Read more...] about Why Government Shouldn’t Pick Winners and Losers: City Council Considering Plan to Subsidize Private Arena Developer
Monthly Editorial Departments
Office Summary: Fourth Quarter 2013
Southern Nevada The Las Vegas office sector ended 2013 on a somewhat positive note as it reported positive net absorption for the third consecutive quarter. While the vacancy rate remains elevated, the latest period represents a decline of 0.2 percentage points compared to the prior quarter. Compared to a year ago, the rate is down 0.3 percentage points. During the quarter, … [Read more...] about Office Summary: Fourth Quarter 2013
Business Indicators: March 2014
The “advance” estimate for fourth quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 3.2 percent, below the 4.1 percent growth experienced during third quarter 2013. Personal consumption expenditures, non-residential fixed investment, net exports and state and local government spending made positive contributions. Federal government spending … [Read more...] about Business Indicators: March 2014
The Left’s New Agenda: Minimum Wage Hikes and Unemployment Benefits Aren’t the Key to Prosperity
Capitalism did not create poverty—it inherited it,” observed individualist philosopher Ayn Rand. Over the past centuries, capitalism has eradicated the previous conditions of widespread famine and starvation and has elevated the living standards of the poor to a level previously unheard of, even for kings. Today, even low-income Americans commonly enjoy cell phones, … [Read more...] about The Left’s New Agenda: Minimum Wage Hikes and Unemployment Benefits Aren’t the Key to Prosperity
February 2014: Around the State
Sunrise Health Hospitals and H2U Partner to Open Health Centers for Employees Sunrise Health Hospitals and Health to You (H2U) have partnered to open three H2U health centers for hospital employee and dependents, approximately 8,855 individuals. MountainView and Southern Hills centers opened in January with the final clinic at the Sunrise and Sunrise Children’s Hospital campus … [Read more...] about February 2014: Around the State
Nevada Real Estate & Development Report: February 2014
H Sale, Office ADDRESS 3039 W. Horizon Ridge Pkwy, 89052 BUYER Denco, LLC SELLER Vantage at Horizon Ridge, LLC DETAILS 6,754 SF; $1,725,000 APN 177-35-510-029 BUYER’S REP William Skupa and Gino Vincent of MINT Property Group, Ltd. SELLER’S REP Joseph DeSimone of First Federal Realty Desimone Sale, Vacant Land ADDRESS Stephanie St. and Wigwam Pkwy. 89074 BUYER LVCSD … [Read more...] about Nevada Real Estate & Development Report: February 2014
Industrial Summary: Fourth Quarter 2013
Southern Nevada In 2013, the Las Vegas industrial market reported the highest net absorption since 2007. The vacancy rate at the end of 2013 was 13.8 percent, which represents a decline of 0.4 percent from the prior quarter. Compared to a year ago (Q4 2012), the vacancy rate reported an even more substantial decline of 2.6 percent. With no completions during the fourth … [Read more...] about Industrial Summary: Fourth Quarter 2013
Business Indicators: February 2014
The “third” estimate for third quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 4.1 percent, an improvement over the 3.6 percent growth reported in the “second” estimate. Higher levels of personal consumption expenditures and nonresidential fixed investment were responsible for the upward revision. Residential investment, net exports, and … [Read more...] about Business Indicators: February 2014
January 2014: Around the State
Saint Mary’s Home Care Named in Top 25 Percent of Nation Saint Mary’s Home Care has been listed as a 2013 HomeCare Elite program which ranks the top-performing home health agencies in the nation. The home care program has been listed in the top 25 percent for providing quality healthcare service to the Northern Nevada community. Agencies in the listing are ranked by an … [Read more...] about January 2014: Around the State
Odds for success of PERS plan – Roughly 1 in 12 Quintillion: Nevada Retirees Risk Seeing Their Benefits Reduced as Money Runs Short
Aside from death and taxes, there are no sure things in life. Everything we do involves an element of risk. The question then becomes: How much risk is reasonable, given the stakes? In the private sector, most entrepreneurs have risked tens of thousands of dollars — or sometimes even tens of millions of dollars — pursuing opportunities to grow their businesses. They … [Read more...] about Odds for success of PERS plan – Roughly 1 in 12 Quintillion: Nevada Retirees Risk Seeing Their Benefits Reduced as Money Runs Short
Nevada Real Estate & Development Report: January 2014
New Year - New Format The ReD Report has a new, easier to read format. Commercial real estate professionals throughout the state have requested the report be categorized in market areas, as opposed to zip codes. The color-coded areas correspond to the map below and each deal is presented in a more concise manner. We appreciate all the brokers who continue to send us their … [Read more...] about Nevada Real Estate & Development Report: January 2014
Retail Summary: Third Quarter 2013
Southern Nevada During the third quarter of 2013, the Las Vegas retail market continued to witness increased demand, largely sourced to tenants occupying previously vacant anchor spaces. The overall vacancy rate fell to 9.6 percent during the quarter, representing a decline of 30 basis points (0.3 percentage points) from the prior quarter (Q2 2013). The rate is down 70 basis … [Read more...] about Retail Summary: Third Quarter 2013
January 2014: Business Indicators
The “second” estimate for third quarter 2013 shows U.S. real gross domestic product increasing at an annualized rate of 3.6 percent, an improvement over the 2.8 percent growth initially reported. Most of the revision was due to an acceleration of private inventory investment. Personal consumption expenditures, business fixed investment, residential investment, net exports and … [Read more...] about January 2014: Business Indicators
Nevada Real Estate & Development Report: December 2013
Projects Las Vegas, 89110 Government CORE Construction began building Fire Station 108 in conjunction with National Fire Prevention Week in October 2013. The project was initially placed on hold due to economic conditions in 2009. Construction is projected for completion on August 21, 2014. The $6.7 million project will improve emergency response time in its area, as well … [Read more...] about Nevada Real Estate & Development Report: December 2013
December 2013: Around the State
Barclaycard to Open Customer Center in Henderson Barclaycard US, the payments business of Barclays in the United States, has announced plans to open a customer contact center in Henderson. The center is expected to add 400 new employees in 2014 with a total of 700 new employees expected by the end of 2015. Once fully operational, the center will employ 1,000 people and will be … [Read more...] about December 2013: Around the State