Equastone Buys Office Building Equastone, a real estate investment firm with offices in California, Arizona and Colorado, recently announced its acquisition of 330 South Third St. in Las Vegas for $9.3 million. The structure is an 11-story, 70,000-square-foot, Class B office building located in the office district of the downtown area. It was approximately 64 percent occupied … [Read more...] about April 2006: Building Nevada Briefs
Departments
April 2006: Business Indicators
Nevada continues along a robust expansion path, continuing to outdistance the U.S. economy. Job growth in the Silver State remains strong, up 5.8, 7.0 and 3.3 percent, respectively, for Nevada, Las Vegas and Reno on a year-over-year basis. This compares favorably to U.S. job-growth of 1.6 percent. Moreover, this record of superior Nevada job-growth performance has held since … [Read more...] about April 2006: Business Indicators
April 2006: Business Up Front
Test Your OSHA Vocabulary For Occupational Safety and Health Administration (OSHA) regulations, a common term like "apron" can mean something else entirely. According to construction industry regulation 1926.606, under Subpart O: Motor Vehicles, Mechanized Equipment and Marine Operations, an apron is "the area along the waterfront edge of the pier or wharf." Here are … [Read more...] about April 2006: Business Up Front
April 2006: Face to Face
Name: Todd Nigro Title: President Company: Nigro Development LLC Location: Las Vegas Years in Nevada: 37 Years with Firm: 14 Type of Business: Real estate development company Biggest Business Challenge: The transition plan from our father to my brother and myself for estate and future planning took about three years and was completed in 2000. At that … [Read more...] about April 2006: Face to Face
April 2006: Nevada Briefs
AES Industries Locates in Wabuska AES Industries has purchased a vacant 63,000-square-foot plastics manufacturing plant in Wabuska, and will manufacture and distribute frames and supports for roof-mounted HVAC systems. The facility will bring 50 to 75 new jobs to this community just north of Yerington, which will have a significant economic impact for Mason Valley and Lyon … [Read more...] about April 2006: Nevada Briefs
March 2006: Building Nevada Briefs
Work Begins on North Buffalo Business Center Investment Equity Development recently announced that it has broken ground for the North Buffalo Business Center, located just north of the Buffalo and Cheyenne intersection in northwest Las Vegas. The $6 million project is slated for completion summer 2006. The development will include two 10,000-square-foot single-story … [Read more...] about March 2006: Building Nevada Briefs
March 2006: Business Indicators
It has been a splendid year for the Nevada economy. Job growth for 2005 reached 5.8 percent, 7.0 percent and 3.3 percent levels for Nevada, Las Vegas and Reno, respectively. This strong picture comes at a time in which the national job growth increased modestly, up 1.5 percent. Moreover, Nevada’s strong growth in 2005 follows impressive growth in 2004, while U.S. jobs grew only … [Read more...] about March 2006: Business Indicators
March 2006: Nevada Briefs
Nevada Film Office Reports Revenues Lieutenant Governor Lorraine Hunt, Chair of the Nevada Commission on Economic Development, which oversees the Nevada Film Office, recently announced that revenues for calendar year 2005 reached approximately $102.5 million, which continues a six-year trend for Nevada of exceeding the $100 million mark. Television series, specials, reality … [Read more...] about March 2006: Nevada Briefs
March 2006: Speaking For Nevada
On the occasion of our 20th anniversary issue, we asked former governors of Nevada to answer the following question: "What measure passed by Nevada’s Legislature since 1986 will have the greatest long-term effect on Nevada’s business community?" Legislators Deserve Praise for Restraint Robert List (1979-1983) Recognizing that Nevada has been the fastest-growing … [Read more...] about March 2006: Speaking For Nevada
February 2006: Building Nevada Briefs
Developers Announce Partnership A group of Las Vegas landowners and developers recently announced plans to develop West Village, a planned "suburban downtown" that will encompass 700 acres centered at the I-215 Beltway and the intersection of Sunset and Durango. The developers include Centra Properties, KB Home, The Curve Development Company, Glen Smith Glen, Sunset Durango … [Read more...] about February 2006: Building Nevada Briefs
February 2006: Business Indicators
Looking at the current national data, we see good numbers – growth after inflation of 3.6 percent, unemployment at 5 percent and inflation in check. But, despite strong growth during 2005 and forecasts of economic strength continuing in 2006, concerns are mounting. Though fuel prices increased sharply in 2005 without triggering a downturn, the winter heating season will soon … [Read more...] about February 2006: Business Indicators
February 2006: Business Up Front
Outsourcing Tax Returns According to Jeanne Yamamura, chairman of the Nevada Society of CPAs, an increasing number of U.S. tax services are being outsourced to India. In 2003, approximately 25,000 U.S. tax returns were completed in India. In 2004, that number grew to 100,000 and for 2005 it is expected to be 400,000. "Anything that can be digitized and routinized is being … [Read more...] about February 2006: Business Up Front
February 2006: Face to Face
Name: Paul B. Ranslow Title: President Company: Sierra Nevada College Location: Incline Village Years in Nevada: 37 Years with company: 1 Type of business: Four-year liberal arts college Biggest business challenge: Private (independent) colleges face the challenge of attracting resources for students and faculty. Tuition and fees cover only a fraction of … [Read more...] about February 2006: Face to Face
February 2006: Nevada Briefs
Commission on Tourism Approves Grants The Nevada Commission on Tourism (NCOT) approved $700,000 in grants to help rural communities promote attractions and events for visitors. Grants help communities improve Web sites, buy advertising, create promotional materials, improve tourism trade-shows and obtain services to develop visitor attractions. The Rural Grant Program began in … [Read more...] about February 2006: Nevada Briefs
February 2006: State the Issues
Question: Should U.S. schools teach "intelligent design"? YES – Intelligent Design: What We’re Really Banning By: Nathan Tabor The verdict is in: it is now "unconstitutional" to teach Intelligent Design as an alternative to Darwin’s theory of evolution in a Pennsylvania public school classroom. It cannot even be discussed by students or faculty. In Darwin’s theory, … [Read more...] about February 2006: State the Issues