Rural Nevada Goes Solar Hamilton Solar has announced the recent installment of solar systems in the Nevada school districts of Crescent Valley, Battle Mountain and Lovelock. Over 2,000 panels were installed and the school districts are expected to see a combined savings of almost $90,000 in the first year. Small Business Administration Loans Increasing TMC Development, a … [Read more...] about December 2012: Around the State
Monthly Editorial Departments
Office Summary: Third Quarter 2010
Las Vegas The Las Vegas Valley office market showed modest improvement from the preceding quarter. After a sustained period of price declines and little construction activity, the vacancy rate broke the five-year cycle of upward movement. During the third quarter, the market reported 68,900 square feet of positive net absorption, pushing the vacancy down 11 basis points from … [Read more...] about Office Summary: Third Quarter 2010
December 2010: Business Indicators
The U.S. economy continues to show signs of slow recovery from its deep recession. For third quarter, estimated real GDP growth was 2.0 percent at an annualized rate, up slightly from the 1.7 percent figure for second quarter 2010. U.S. nonfarm employment rose by 151,000 jobs (seasonally adjusted) in October, marking the first month of increase after four consecutive months … [Read more...] about December 2010: Business Indicators
November 2010: Around the State
USDA Rural Development Announces $153 million in Support of Rural Nevada The Nevada State office of the United States Department of Agriculture, Rural Development has announced that $153 million was invested in rural Nevada communities during the Federal Fiscal Year 2010. These funds helped boost $23.7 million in business development and allowed 621 families to purchase … [Read more...] about November 2010: Around the State
Industrial Summary: Third Quarter 2010
Las Vegas The Las Vegas Valley industrial market continued to signal weakness as new space entered a market already dealing with a supply-demand imbalance. As vacancies edged upward, reaching a new high, average asking rents declined modestly. Although several projects remain stalled or delayed due to a lack of demand and an abundance of supply, nearly 351,000 square feet of … [Read more...] about Industrial Summary: Third Quarter 2010
November 2010: Business Indicators
The U.S. economy continues to show mixed signs of recovery from its deep recession. For the second quarter, the final estimate for real GDP growth was 1.7 percent at an annual rate, down from the 3.7 percent figure for first quarter 2010. U.S. nonfarm employment fell by 95,000 jobs in August, marking the fourth straight month of decline. In a more positive direction, the … [Read more...] about November 2010: Business Indicators
October 2010: Around the State
Nevada Receives $5 Million for Residential Energy Retrofit The U.S. Department of Energy (DOE) has awarded the Nevada State Office of Energy (NSOE) $5 million for the Nevada Retrofit Initiative which aims to retrofit at least five percent of all single family Nevada residences with energy efficiency upgrades by 2021. This is the highest amount awarded to any state as part of … [Read more...] about October 2010: Around the State
Retail Summary: Second Quarter 2010
Las Vegas Vacancies remained relatively flat as average asking rents among anchored-retail centers continued their move downward during the second quarter of 2010. Reporting a vacancy rate of 10.4 percent at the close of the second quarter of 2010, vacancies were relatively stable compared to the previous quarter, but linger 0.2 … [Read more...] about Retail Summary: Second Quarter 2010
October 2010: Business Indicators
The U.S. economy continues to show signs of weakness, with a slowing recovery in second quarter 2010. The revised estimate for real GDP growth in second quarter was 1.6 percent at an annual rate, down substantially from the 3.7 percent figure for first quarter 2010. U.S. nonfarm employment fell by 54,000 jobs in August, marking the third straight month of decline. On a more … [Read more...] about October 2010: Business Indicators
September 2010: Around the State
Nevada Commission on Tourism Expands Outreach to China The Nevada Commission on Tourism (NCOT) has expanded promotions to China seeking to tap into the country’s lucrative travel market. The new office opened recently in Shanghai and shares space with the U.S. Commerce Department. This is the second office the NCOT has opened in China. Green Chamber of Commerce Expands to … [Read more...] about September 2010: Around the State
Office Summary: Second Quarter 2010
Las Vegas The Las Vegas Valley office market has yet to stabilize as vacancies edged upwards exerting downward pressure on average asking rents. During the second quarter, the market reported 426,800 square feet of negative net absorption, pushing the amount of occupied space down for the seventh consecutive quarter and to a level not … [Read more...] about Office Summary: Second Quarter 2010
September 2010: Business Indicators
Signs of further slowing in the U.S. economy are increasingly evident, and a second downturn seems possible, though not yet likely. The advance estimate for real GDP growth in second quarter was 2.4 percent at an annual rate, down from the 3.7 percent revised estimate for first-quarter 2010. U.S. nonfarm employment fell by 131,000 jobs in July, though private employment rose … [Read more...] about September 2010: Business Indicators
August 2010: Around the State
First Responder Tool Wins International Award The Critical Infrastructure Protection System (CIPS), a tool that uses geographic information system technology to better prepare first responders by providing infrastructure information of building, has been awarded a Special Achievement Award from the ESRI International User Conference. The tool was developed by Urban … [Read more...] about August 2010: Around the State
Industrial Summary: Second Quarter 2010
Las Vegas The Las Vegas Valley industrial market continued to signal weakness with an increasing vacancy rate and falling average asking rents amid turbulent conditions within the sector. No new inventory came to market as several projects remain stalled or delayed due to a lack of demand and an abundance of supply. Nearly 351,000 square feet of industrial space in four … [Read more...] about Industrial Summary: Second Quarter 2010
August 2010: Business Indicators
The US economic recovery softened in the first quarter of 2010 as measured by growth in real GDP of 2.7 percent, down from 5.6 percent in the fourth quarter of 2009. The June 2010 employment report indicated that the economy lost a net 125,000 jobs. The change in the employment levels included the loss of 225,000 census-worker jobs and a gain of 83,000 private-sector … [Read more...] about August 2010: Business Indicators