Clark County Moves Forward with Innovation District In early-October the Clark County Commission voted to accept a strategic action plan for the development and implementation of the Clark County Innovation District (CCID) in the southwest part of the Las Vegas Valley. The district will be focused along the I-215 near south Decatur Blvd. and is being spearheaded by the Clark … [Read more...] about Around the State
Departments
ReD ReportIndustrial Summary: Third Quarter 2023
Northern Nevada By Angel Orozco, CBRE The Reno industrial market was comprised of approximately 111 million sq. ft. at the close of Q3 2023. The market has substantially grown this year, adding over 6.44 million sq. ft. of new inventory. The construction pipeline remains plentiful, with a variety of projects totaling over 2.8 million sq. ft. currently underway and 16.1 … [Read more...] about ReD Report
Business IndicatorsNovember 2023
The third estimate of U.S. real gross domestic product (GDP) for 2023Q2 remained unchanged from the second estimate reported last month, with an annualized expansion of 2.1 percent. The third estimate update was shaped by a decrease in consumer spending and imports, alongside upward revisions in nonresidential fixed investment, exports, and inventory investment, mitigating the … [Read more...] about Business Indicators
The Last WordWhat Are You Thankful For?
Bill Arent Chief Business Development OfficerLas Vegas Global Economic Alliance “I am thankful for: the privilege of working with a great team, a loving wife, five amazing children and most of all the love God has shown me through His Son Jesus.” Celena Dilullo PresidentPalm Mortuaries and Cemeteries “I am forever thankful for my staff and their dedication … [Read more...] about The Last Word
Free Market WatchNevada PERS the Best and Perhaps the Worst: Why?
Nevada’s Public Employees’ Retirement System (PERS) has the best investment strategy among public retirement systems in the country and one of the best records of return. It also has one of the worst records in openness, transparency and accountability. Why? The last six years’ annual percentage returns have been 9.1, -5.1, 27.3, 8.5, 8.6 and 11.9. That’s a cumulative … [Read more...] about Free Market Watch
Improving Healthcare Affordability and QualityEmployers Should Embrace Advanced Primary Care
Three years after the height of COVID, Nevada workers and their families are facing a new set of long-term health challenges – from lack of affordable, accessible health services to lingering chronic conditions that became more pervasive and intense during the pandemic. In Nevada, the combination of these mounting cost and quality pressures has contributed to the state often … [Read more...] about Improving Healthcare Affordability and Quality
Trailblazing PhilanthropyMoonridge Group’s Philanthropy Leaders’ Summit
Last month, the Moonridge Group Hosted its 12th annual Philanthropy Leaders’ Summit statewide in Nevada. The event featured speakers from a host of respected organizations. Punam Mathur with the Elaine P. Wynn & Family Foundation and Staci Alonso of Noah’s Animal House served as Mistresses of Ceremony for the events in Las Vegas and Reno, respectively. For the first time … [Read more...] about Trailblazing Philanthropy
Scott Allen Frost
CEO of Titan Brands Hospitality Group Type of Business: Multi-Unit Restaurant OperatorBased: Las VegasHails from: Reno Years Org. has been in Nevada: 7Years with Organization in Nevada: 7Employees in NV: 15 What has been instrumental to your success? Extreme adversity – I made [success] extra hard by breaking my neck in an off-road motorcycle accident while we were … [Read more...] about Scott Allen Frost
ReD ReportRetail Summary: Second Quarter 2023
Northern Nevada By Gary Tremaine & Patrick Sheehan, Dickson Commercial During the second quarter of 2023, retail investment continued at a relatively slow pace. Despite the ever changing capital markets, there was a number of single-tenant investment transactions in Q2, highlighted by the sale of a single-tenant, O’Reilly's Auto Parts property in Sun Valley, at a 5 … [Read more...] about ReD Report
Business IndicatorsSeptember 2023
The second estimate of U.S. real gross domestic product (GDP) for 2023Q2 expanded by an annualized 2.1 percent, revised down by 0.3 percent from the advance estimate reported last month. The downward revision mostly reflected lower business investment than previously expected, which was partly offset by larger-than-expected government spending. Overall, the real GDP for 2023Q2 … [Read more...] about Business Indicators
Last WordWhat is your favorite thing about Fall in Nevada?
Terry Shirey President and CEO Nevada State Bank “The Fall Season is a time to settle in with family and the comforts of home after a hectic summer. Weekends watching football, enjoying the great weather in the backyard and preparing for the holiday season.” Franchesca VanBuren CEO Insight Therapy Solutions “Fall in Vegas is the perfect time and … [Read more...] about Last Word
Play by PlayPrioritizing Community
From the start, the Vegas Golden Knights have prioritized building an authentic connection to the southern Nevada community. Just as the residents of the Las Vegas Valley support the team on the ice, the Golden Knights players and staff have given their time, raised money and donated to worthy causes that serve the members of the community. The Vegas Golden Knights … [Read more...] about Play by Play
MVPSandra Douglass Morgan
President, Las Vegas Raiders League/Sport: FootballTeam's Inaugural Season: 1960Executive Joined Team In: 2022Location: Las VegasExecutive Hometown: Las Vegas 320 Full Time Employees570 Part Time Employees*Not Including Players What words do you live by? "What you are expecting determines whether you will or will not be able to see the … [Read more...] about MVP
Kyle Rea
President of the Board of Directors NAIOP Northern Nevada and Chief Operating Officer Tolles Development Type of Business: Commercial Real Estate DevelopmentBased: RenoHails from: Reno Years Org. has been in Nevada: 7Years with Organization in Nevada: 7Employees in NV: 15 How did you get into your profession? My journey into the real estate industry began with a … [Read more...] about Kyle Rea
Free Market WatchDemocrats & Teacher Unions Wrong in Principle on Opportunity Scholarships
In August, legislative Democrats turned down Governor Joe Lombardo’s proposal to fund Nevada’s Opportunity Scholarship program reasonably from surplus funds available, and they left the funding at a minimum level. But Lombardo pulled a rabbit out of the hat and found enough private reserve funding to keep hundreds of students already in the program from losing scholarships this … [Read more...] about Free Market Watch