The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2021 expanded by 6.9 percent at an annual rate, which was revised down by 0.1 percent from the previous estimate. The revision mainly reflected downward revisions to consumer consumption and exports, which were partly offset by a larger private inventory investment than previously reported. … [Read more...] about Business Indicators
Departments
Last WordWhat Life Skills are Rarely Taught but Extremely Useful?
Dena Sue Potestio Vice President for AdvancementTouro University Nevada “Sound judgement - Is your solution win-win, proposed, involving multiple viewpoints, empathetic, shared, best for all, collegial? Or [is it] win-lose, onesided, commanded, tone deaf, selfish, all for one, dictatorial? The former requires exercising our sound judgment muscles.” Ryan … [Read more...] about Last Word
Around the StateApril 2022
Saint Mary’s Adds Rehab Unit Saint Mary’s has announced the addition of an inpatient acute rehabilitation unit (ARU). The unit is expected to open in 2023 and will be located in the existing hospital. The ARU will add 14 beds and include private rooms and recreational and therapy spaces. Nevada College Receives “First-Gen Forward” Designation The Center for … [Read more...] about Around the State
COVID & Public PolicyPart Two of Two
Last month’s Free Market Watch commentary pointed out problems with Federal, Nevada and many other states’ policy responses to the COVID pandemic. The worst of it was their responses failed to observe the first principle of public policy. Namely, decisions and actions should serve the broad public interest, balancing all relevant factors and not considering only one or a … [Read more...] about COVID & Public Policy
Ercan Aydogdu
Executive Director and CEOCoral Academy of Science Las Vegas Type of Business: Education – Public Charter SchoolBased In: Henderson and Las Vegas, NevadaHails From: Turkey Years Org. has been in Nevada: 15 YearsYears with Org. in Nevada: 10 YearsEmployees with Organization: 304 Employees “Education is the passport to the future, for tomorrow belongs to those who … [Read more...] about Ercan Aydogdu
Commercial RE Report: Retail SummaryFourth Quarter 2021
Northern Nevada By Gary Tremaine & Amanda Brierton | Dickson Commercial Retail had its strongest quarter of the year for sales with just over $188 million and 25 total sales in Q4. There were multiple shopping centers and larger multi-tenant sales that took place before year end. In west Reno, CAI Investments purchased the Cabela’s in Verdi for $39 million ($305.27 … [Read more...] about Commercial RE Report: Retail Summary
Business IndicatorsApril 2022
The “second” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2021 grew by 7.0 percent at an annual rate, which was revised up by 0.1 percent from the previous estimate. The revision primarily involved upward revisions in both non-residential and residential fixed investment and state and local government spending, which were partly offset by reduced … [Read more...] about Business Indicators
Last WordWhat is Something that will Never go out of Style?
Tom Anderson, P.E. President & OwnerTJK Consulting Engineers, Inc. “Face-to-face anything! People are always willing and wanting to be around other people. Being in front of people and getting direct/ immediate feedback always beats a video call. And, of course, a good pair of denim jeans.” Dr. Lisa Rosenberg Medical DirectorSouthwest Medical Hospice “One … [Read more...] about Last Word
Around the StateMarch 2022
Reno Tahoe’s Room Tax Collections set Record in 2021 According to Visit Reno Tahoe, which is a part of the Reno-Sparks Convention and Visitors Authority (RSCVA), last year’s total transient lodging and room tax came in over $420 million and was the most taxable room revenue ever recorded for a calendar year. In addition, three of the top four all-time revenue-producing … [Read more...] about Around the State
Angelina Scarcelli
2022 CALV PresidentCommercial Alliance Las Vegas Type of Business: Organization for commercial real estate professionalsBased In: Las Vegas, NVHails From: Orlando, FL Years Org. has been in Nevada: 75Years with Organization in Nevada: 5Employees with Organization: 2 What has been instrumental to your success? I think it’s important to keep a positive mindset and … [Read more...] about Angelina Scarcelli
Covid-19 and Public PolicyPart 1 of 2
Governor Steve Sisolak says “the science has changed” regarding Covid-19 and he can now lift mask, vaccination and other mandates. The fundamental problem with the policy response of Nevada, many states and our federal government, especially in regard to public health, is their failure to observe the first principle of public policy. Namely, decisions and actions should serve … [Read more...] about Covid-19 and Public Policy
Nevada Needs Learning & Emotional Recovery for Students
Data from the federally mandated standardized student assessments are showing that students in Nevada are greatly suffering from learning loss, likely as a result of school closures and hybrid learning models throughout the pandemic. Each year, Nevada students in grades 3-8 take the Smarter Balanced Assessment Consortium (SBAC) assessments in English/ Language Arts (ELA) and … [Read more...] about Nevada Needs Learning & Emotional Recovery for Students
Commercial RE ReportOffice Summary Fourth Quarter 2021
Northern Nevada By Jordan Lehamn, Colliers | Reno Northern Nevada’s office market fundamentals displayed their strength in 2021 with declining vacancy rates, steady rent growth, and robust demand. Though many U.S. office markets experienced occupancy losses in 2021, the Reno/Sparks region saw a flurry of leasing activity as annual net absorption remained positive … [Read more...] about Commercial RE Report
Business IndicatorsMarch 2022
The “advance” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2021 grew at a better-than-expected pace, up by 6.9 percent at an annual rate. As a result, real GDP increased by 5.7 percent in 2021, the strongest growth since 1984. The largerthan-expected growth in the fourth quarter was mainly boosted by a replenishment of inventories. Exports also … [Read more...] about Business Indicators
Last WordWhat Was Your First Job?
Sean Worrix Executive DirectorSouthern Nevada Dental Society “My first job was a cashier at Del Taco, it’s amazing to see the contrast from 16 years of age until now. I guess hard work pays off!” Dina Alshami Regional Banking Senior ManagerLas Vegas, Wells Fargo “I started as a gas station cashier after migrating from Jordan in the Middle East. It gave me … [Read more...] about Last Word