Casino Giants Ink $1.3 Billion Merger Boyd Gaming Corporation and Coast Casinos, Inc. have announced a merger agreement in which Coast will become a wholly-owned subsidiary of Boyd Gaming, and will be run by Coast management as a separate operating unit. Coast shareholders will receive approximately $495 million in cash, and Boyd will issue approximately 19.4 million shares to … [Read more...] about April 2004: Nevada Briefs
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March 2004: Building Nevada Briefs
Cheyenne Commerce Center Breaks Ground Harsch Investment Properties recently started construction of Phase 1 of the Cheyenne Commerce Center (CCC), located at the northeast corner of Cheyenne Avenue and Revere Street along the Cheyenne Technology Corridor in North Las Vegas. The CCC will feature 202,311 square feet of industrial and flex space. Situated on 15 acres of land, … [Read more...] about March 2004: Building Nevada Briefs
March 2004: Business Indicators
Productivity growth and continued strength in consumer spending, particularly for big-ticket items such as homes and cars, buoyed spending levels over the past couple of years. Still, the last half of 2003 proved far better than the first half of the year. The national GDP numbers grew robustly, up by more than 4.3 percent on an annual basis from the 3rd quarter of 2002 to the … [Read more...] about March 2004: Business Indicators
March 2004: Business Up Front
Prevailing-Wage Laws Boost Construction Costs A working paper published in September by the University of California, Berkeley’s Program on Housing and Urban Policy contains statistics indicating the cost of building subsidized housing increased substantially after California expanded its prevailing-wage laws to include these projects. The data show that prevailing wages … [Read more...] about March 2004: Business Up Front
March 2004: Face to Face
Name: Shannon Cook Title: Manager / Women’s Business Group Company: Silver State Bank Type of Business: Community-based business bank, specializing in commercial conventional and SBA lending. Location: Henderson and Las Vegas Years in Nevada: 3 Years with Company: 3 Biggest Business Challenge: When I came to Nevada three years ago, I had no customers or … [Read more...] about March 2004: Face to Face
March 2004: Nevada Briefs
Lake Mead Hospital Changes Hands IASIS Healthcare Corporation purchased Lake Mead Hospital Medical Center in North Las Vegas in a $25 million deal effective Feb. 1, 2004. IASIS, located in Franklin, Tenn., is a leading owner and operator of medium-sized acute-care hospitals in high-growth urban and suburban markets. With the addition of the 198-bed hospital, IASIS Healthcare … [Read more...] about March 2004: Nevada Briefs
February 2004: Building Nevada Briefs
Home Finding Center Wins Award The Home Finding Center at the master-planned community of Aliante in North Las Vegas has been awarded top honors in Southwest Contractor Magazine’s "Best of 2003" competition, in the category "Best Public Project Under $ 5 Million". Finalists were judged on design, construction, innovation, ability to overcome unique construction challenges and … [Read more...] about February 2004: Building Nevada Briefs
February 2004: Business Indicators
Nevada’s economy continues to expand. Job growth equaled 3.6 percent for November 2003 over the same month a year ago. Visitor volume grew at 3.1 percent and gaming revenue was up 1.5 percent. Most noteworthy, taxable-sales growth reached a one-month growth rate of 10.8 percent. Of course, a strong month does not yield a long-run cyclical uptrend, but the news is … [Read more...] about February 2004: Business Indicators
February 2004: Face to Face
Name: Michael Marriott Title: Executive Vice President Company: IT Strategies International Corp. Type of Business: Privately-held global firm that provides computer consulting for both private companies and public organizations. Location: Las Vegas Years in Nevada: 6 Years with Company: 6 What do you like best about your job? The best aspect of my … [Read more...] about February 2004: Face to Face
February 2004: Nevada Briefs
REI Plans New Store in Henderson Recreational Equipment, Inc. (REI), a national retail cooperative providing outdoor gear and clothing, recently announced plans to open a store in April 2004 in Henderson in a new lifestyle center called the Shops at Green Valley Ranch at the intersection of I-215 and Green Valley Parkway. This is REI’s first store in the Las Vegas area. Its … [Read more...] about February 2004: Nevada Briefs
January 2004: Building Nevada Briefs
Downtown Las Vegas Project Announced Mark L. Fine & Associates has acquired approximately 4.5 acres north of Las Vegas Premium Outlets in downtown Las Vegas, on the southwest corner of Grand Central Parkway and Bonneville Avenue. The property was purchased from Simon/Chelsea Las Vegas Development, LLC, developer of the upscale outlet center that opened last summer. Initial … [Read more...] about January 2004: Building Nevada Briefs
January 2004: Building Nevada Briefs
Firecreek Crossing Power Center Sold Newport Beach-based development company Wattson Breevast, LLC has sold Firecreek Crossing, a 750,000-square-foot power center in Reno, for $60 million, according to Tony Wattson, president of Wattson Breevast, the firm that developed the center seven years ago. Firecreek is home to some of the nation’s leading retailers, including Wal-Mart, … [Read more...] about January 2004: Building Nevada Briefs
January 2004: Business Indicators
The third-quarter inflation-adjusted rate of growth in aggregate spending moved forward at a brisk rate of more than 2.0 percent above the second quarter (or, at a seasonally adjusted annualized rate of 8.2 percent), signaling an economy that is gaining steam. Personal consumption, equipment and software purchases, exports and residential-fixed investment were cited as … [Read more...] about January 2004: Business Indicators
January 2004: Business Up Front
Obese Workers Face Discrimination Nearly one-half (47 percent) of American workers believe plus-size employees are being discriminated against by their co-workers and supervisors, according to the latest American At Work public opinion survey conducted by the Employment Law Alliance (ELA). Howard Cole, a member of the ELA and a shareholder with Nevada’s Lionel Sawyer & … [Read more...] about January 2004: Business Up Front
January 2004: Face to Face
Name: Tim R. Ruffin, SIOR, CCIM Title: Managing Partner and VP of Office Properties Company: Colliers International Type of Business: Commercial real estate brokerage and property management Location : Reno Years in Nevada: 13 years Years with Company: 4 Years Biggest Business Challenge: Maintaining the corporate culture as the firm continues to grow. … [Read more...] about January 2004: Face to Face