Vice President Las Vegas Number of Employees: 31 Years in Nevada: 20 Years with Company: 17 What inspired you to get into your industry? Like most people, I never really planned to be in the insurance business, but have found it to be a natural fit due to my communication, analysis and problem solving skills. How do you encourage growth and development within … [Read more...] about Gregory K. Pike, CIC: McFadden Insurance Agency, Inc.
Departments
Office Summary: First Quarter 2010
Las Vegas The Las Vegas Valley office market continued to deteriorate with rising vacancies and diminishing rents. Net absorption, or the change in the amount of occupied space between periods, remained negative for the sixth consecutive quarter. The market reported total first quarter negative net absorption of 81,200 square feet. The office market expanded by 84,800 … [Read more...] about Office Summary: First Quarter 2010
June 2010: Business Indicators
The US economy continued to recover from one of the deepest recessions in US history. US gross domestic product (GDP) has advanced for the last three quarters, with growth averaging 3.7 percent over that period. Personal consumption expenditures, accounting for almost 70 percent of GDP, have rebounded, posting an average gain of 2.7 percent in the last three quarters. Still, … [Read more...] about June 2010: Business Indicators
What is your favorite thing about living in Nevada?
“The freedom and entrepreneurial spirit to create and build dreams. We are a city that embraces change, nurtures growth and promotes innovation.” Virginia Martino • Founder/CEO, Brand, Ltd. “The most surprising and favorite thing I have found about living in Nevada is the numerous hiking and outdoor activities. My family and I hike 2-3 times a week, and have yet to take … [Read more...] about What is your favorite thing about living in Nevada?
May 2010: Around the State
New Tax Benefits Aid Employers Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. The provisions are part of the Hiring Incentives to Restore Employment Act (HIRE). Employers who hire unemployed workers between Feb. 3 of this year and Jan. 1, 2011 may qualify for a 6.2 percent payroll tax incentive. … [Read more...] about May 2010: Around the State
Bruce Hendricks: Bank of Nevada
Chief Executive Officer Las Vegas Number of Employees: 437 Years in Nevada: 41 Years with Company: 10 What inspired you to get into banking? When I was in college, I got a job as a teller at a local bank and really enjoyed the people. After I graduated, I had the chance to join a bank’s management program and that was the start. Describe your leadership … [Read more...] about Bruce Hendricks: Bank of Nevada
Industrial Summary: First Quarter 2010
Las Vegas The Las Vegas Valley industrial market continued to struggle with higher vacancies while average asking rents slid downward in response to an ongoing supply-demand imbalance. No new inventory came to market as current economic conditions have stalled or delayed construction activity for most proposed projects. The amount of occupied industrial space dipped to a … [Read more...] about Industrial Summary: First Quarter 2010
May 2010: Business Indicators
The US economy continued to expand without adding much in the way of new jobs. US employment was down by 2.4% over the last year and essentially unchanged from the previous month. But, there are strong indications that the national economy is primed for employment growth soon. Productivity, in terms of output per worker, increased at an annual rate of 5.9% in February. … [Read more...] about May 2010: Business Indicators
Did the first quarter of 2010 live up to your expectations for your business?
“Landry & Associates, Inc. anticipated the first quarter 2010 to be similar to the challenges we faced in commercial real estate in 2009. While leasing remains slow, we are excited about being awarded the new property management contracts for Whitney Mesa Phase I Industrial Park and the Anthem Village Business Owners Association.” Marge Landry • President/Broker, … [Read more...] about Did the first quarter of 2010 live up to your expectations for your business?
April 2010: Around the State
Construction Costs Expected to Remain Stagnant in 2010 According to construction consultant Rider Levett Bucknall, a national average decrease in construction costs of approximately 0.5% from the previous quarter indicates construction costs should see little to no inflation this year. In 2009 construction costs were down by 7.3 percent comparatively. Las Vegas matches the … [Read more...] about April 2010: Around the State
Retail Summary: Fourth Quarter 2009
Las Vegas During the fourth quarter of 2009, the Las Vegas commercial retail market remained stressed. Vacancies remained elevated while declines in average asking rents continued to accelerate. Vacancies during the fourth quarter of 2009 were 10.0 percent of inventory and compared to the prior year (Q4 2008) vacancies remain up 2.5 points from 7.5 percent. For comparison … [Read more...] about Retail Summary: Fourth Quarter 2009
April 2010: Business Indicators
After four straight quarters of decline following the financial crash of October 2008, US gross domestic product (GDP) growth finally moved into positive territory in the 3rd quarter of 2009. GDP grew at an annual rate of 2.2 percent that quarter with much of the growth attributable to government spending linked to the federal fiscal stimulus package. The US economy expanded … [Read more...] about April 2010: Business Indicators
What is your favorite gadget?
“My favorite gadget is one I don’t yet have. The iPad is going to be a revolutionary learning device for school age children. It’s on my wish list of items to have, not just for me, but in time will be great for our soon to be born baby girl!” Mark Cenicola • President & CEO, Cenicola-Helvin Enterprises, Inc. “The car remote. There is a hack that allows you to … [Read more...] about What is your favorite gadget?
March 2010: Around the State
Nevada’s Teen Unemployment Rate is Second Highest in Nation According to the Bureau of Labor Statistics, not only is Nevada one of the hardest hit in the nation in regards to unemployment but Nevada teens are especially affected with the teen unemployment rate 30 percent higher than the national average. According to the Employment Policies Institute (EPI) the blame for this … [Read more...] about March 2010: Around the State
Ronnie Sloan: Fair, Anderson & Langerman
President Las Vegas, NV Number of Employees: 23 Years in Nevada: 44 Years with Company: 10 How do you encourage growth and development within your company? The most important thing is to know your people. We have taken the time at FAL to know and understand our staff. We know what inspires them and what their innate talents and skills are - we focus our … [Read more...] about Ronnie Sloan: Fair, Anderson & Langerman