Charles Perry, executive director for Nevada Health Care Association The most important issue facing Nevada’s business community today is the state of the economy nationally. Our principal business is still the tourism, resort and gaming industry and its ability to attract visitors to the state. Patrick Wisman, vice chairman, president and CEO – Southwest USA Bank The … [Read more...] about What is the most important issue facing Nevada’s business community?
Departments
October 2008: Business Up Front
Real Estate no Longer “Best” Long-Term Investment 50% of Americans thought real estate was the best long-term investment they could make. Five years later, that same percentage has fallen to 37%. Given this year's housing bust, just 27% of Americans maintain that real estate is the best long-term investment. As of April 2008 Gallup Poll Results: • Savings accounts/CDs - … [Read more...] about October 2008: Business Up Front
Retail Market Summary: Second Quarter 2008
Las Vegas The Las Vegas commercial retail sector posted a record-setting level of vacant space in the 2nd Quarter of 2008. Recent market conditions, including the performance in the residential sector, prompted the closing of various retail outlets, including Thomasville Furniture, Wickes Furniture, Sharper Image and various grocery anchors, such as selected Smith’s and … [Read more...] about Retail Market Summary: Second Quarter 2008
Bret Holmes: Advanced Management Group
President Las Vegas Number of Employees: 45 Years in Nevada: 18 Years with Firm: 2 Type of business: Apartment and Single Family Property Management Describe your leadership style: According to a couple of Web sites I am a participative leader and I think that is pretty accurate. I try to involve everyone in what happens with the company as their future depends on … [Read more...] about Bret Holmes: Advanced Management Group
September 2008: Business Indicators
Housing, credit, and energy, the three major economic problems confronting the U.S. and some states, have taken the steam out of the economy. The impact reminds one of a Caribbean hurricane season hitting the same area more than once and each time spawning tidal surges and killer tornados. Today, we grapple with the economic storms’ aftermath--depreciating housing values, a … [Read more...] about September 2008: Business Indicators
Alice J. Martz: Henderson Chamber of Commerce
CEO Henderson Number of Employees: 8 Years in Nevada: 20 Years with Firm: 19 Type of Business: A non-profit business-focused organization which provides member businesses with marketing and networking opportunities, support resources and legislative representation. Describe Your Leadership Style: A collaborator. It’s important to have a universal perspective on … [Read more...] about Alice J. Martz: Henderson Chamber of Commerce
September 2008: Nevada Briefs
Southern Nevada NAIOP Announces Support for NDOT Project The board of directors for the Southern Nevada Chapter of the National Association of Industrial and Office Properties (NAIOP) voted unanimously to support the Nevada Department of Transportation’s (NDOT) proposed I-15/US 95 Demonstration Project as part of its Pioneer Program. The innovative public-private project will … [Read more...] about September 2008: Nevada Briefs
September 2008: Business Up Front
Employers Enhance 401(k)s To Match Employee Demands In a survey released by the Charles Schwab Corporation, companies are spending more to strengthen their 401(k) plans. The survey results show a trend in corporate America of adding features that increase savings such as automatic enrollment, increasing matching contributions, investment advice and additional investment … [Read more...] about September 2008: Business Up Front
Office Market Summary: Second Quarter 2008
Las Vegas The Las Vegas Valley office market reported its highest level of vacancy in recent history during the second quarter of 2008, 16.7 percent. During the quarter, a total of 1.3 million square feet completed construction, while a negligible amount of net absorption was reported at approximately 1,400 square feet. Availability reached a new peak of 7.9 million square … [Read more...] about Office Market Summary: Second Quarter 2008
August 2008: Business Up Front
Top Executives Deal with Tough Economy Given the volatile economy of late, a new trend in CEO behavior has emerged. According to the 2008 Management Action Programs Inc. (MAP) quarterly survey, many CEOs are refraining from making bold, sudden business moves right now. Instead, many are opting to shift management gears into a “hunkering down and building up the business” … [Read more...] about August 2008: Business Up Front
Industrial Market Summary: First Quarter 2008
Las Vegas In the first of quarter 2008, the Las Vegas Valley’s speculative and non-speculative industrial market saw 2.8 million square feet of new space enter the market. This increased the Valley’s inventory from the previous quarter by 2.8 percent to 102.3 million square feet. Sublease space represents a small but growing portion of the Valley’s industrial market, rising … [Read more...] about Industrial Market Summary: First Quarter 2008
August 2008: Nevada Briefs
Prominent LA Law Firm Cements Its Presence In Las Vegas Christensen, Glaser, Fink, Jacobs, Weil & Shapiro, LLP opened a Las Vegas office located at 3763 Howard Hughes Parkway, Suite 300. The firm is known for its success in complicated high-risk litigation. It is currently one of the only law firms in the U.S. with comprehensive knowledge and experience in the Leadership … [Read more...] about August 2008: Nevada Briefs
Do you feel Nevada’s economy will be stronger in the coming year?
Von Heinz, Partner, Lewis and Roca LLP, Las Vegas “The economic malaise that grips the country will impact Europe and Asia harder than anticipated and, in turn, make Nevada’s financial recovery even more challenging. Nevada businesses whose employees provide the highest quality work product and most meaningful service will best be positioned to survive a difficult … [Read more...] about Do you feel Nevada’s economy will be stronger in the coming year?
August 2008: Business Indicators
Housing, credit, and energy – three problems facing the Silver State and the nation – are exacting a toll. Following the high-tech stock bubble burst in 2000, funds became available for spending in the housing market. This resulted in rapid price increases untethered to economic fundamentals. We ended up with more housing units than households to occupy them, in short, a glut … [Read more...] about August 2008: Business Indicators
Frank Gatski: Gatski Commercial Real Estate Services
President/CEO Las Vegas Number of Employees: 70 Years in Nevada: 30 Years with Firm: 15 Type of Business: Commercial Real Estate Firm Describe Your Leadership Style: Inspirational and compassionate. I like to lead by example and while I am compassionate, I do hold people accountable. Biggest Business Challenge: The biggest challenge of my career happened in … [Read more...] about Frank Gatski: Gatski Commercial Real Estate Services