Even before the federal government decided to throw roughly $4.5 billion federal dollars Nevada’s way as part of a COVID relief package, state government had been spared most of the pain from the last year of arbitrary and devastating coronavirus restrictions. While Nevada workers suffer from some of the worst unemployment rates in the nation (Las Vegas has stubbornly rated … [Read more...] about New Taxes Aren’t Just a Bad Idea, They’re an Insult to Struggling Nevadans
Departments
New RealityUpskilling & Reskilling Become Commonplace Necessities in Workplaces
“Companies that invest more in digital transformation actually outperform their peers over time. These companies are more prepared for disruption, better able to monetize new digital channels, and better build a bigger user base. What’s more, this phenomenon exists regardless of industry.”Geoff Cubitt, CEO, Isobar US The digital transformation, coupled with an … [Read more...] about New Reality
Around the StateMay 2021
PUCN Approves NV Energy’s Greenlink Nevada Initiative The Public Utilities Commission of Nevada (PUCN) has approved NV Energy’s proposed Greenlink Nevada transmission and renewable energy initiative. The initiative will tap into renewable energy zones throughout western and northern Nevada to accelerate the development of clean energy on public lands and increase electric … [Read more...] about Around the State
Commercial RE ReportIndustrial Summary First Quarter 2021
Northern Nevada By CBRE Reno The northern Nevada industrial market continued to build off its momentum from the previous year by posting strong market fundamentals again in Q1 2021. Gross absorption for the quarter reached 1.9 million square feet (SF). Net absorption was also robust, posting a positive 1.3 million SF. Low vacancy rates have allowed for sizable increases … [Read more...] about Commercial RE Report
Business IndicatorsMay 2021
The “third” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2020 increased 4.3 percent at an annual rate, revised up by 0.2 percent from the previous estimate. This reflected larger private inventory investment than previously reported, which was partly offset by a downward revision in nonresidential fixed investment. Retail sales in February were … [Read more...] about Business Indicators
Last WordWhat Advice do you Have for Someone who is New at Managing People?
Ava Lemieux Branch Manager MesquiteAmerica First Credit Union “Lead by example. Don’t expect your team to do anything you wouldn’t do yourself. Be true to your word. Follow through with promises and consequences. Always respect and value opinions.” Chuck Mohler CEOEagle Corporate Advisors “Be selfless. You are only as good as the people you manage. Value each … [Read more...] about Last Word
A Zero-Risk Society is Not a Reasonable Policy Proposal
Some Nevadans might be old enough to remember when “two weeks to slow the spread” was the official position of most governors invoking vast emergency powers in response to the novel coronavirus. Long gone are those days. For more than a year, we have lived in a world where one-man-rule suddenly usurped representative democracy as the standard form of state government and … [Read more...] about A Zero-Risk Society is Not a Reasonable Policy Proposal
David Garcia
Executive Director, Head of Nevada J.P. Morgan Private Bank Type of Business: Private Bank Based In: Southern Nevada Hails From: New Orleans, Louisiana Years Co. has been in Nevada: 01 Years with Company in Nevada: 01 Employees with Company: 10 What was your first job? Delivering newspapers with my father. What do you want your legacy to be? A loving husband and … [Read more...] about David Garcia
Around the StateApril 2021
Sand Reaches Agreement to Sell Las Vegas Property Las Vegas Sands Corp. has entered into definitive agreements to sell its Las Vegas real property and operations for approximately $6.25 billion. The Venetian Resort Las Vegas and the Sands Expo and Convention Center are both part of the agreement. Under the terms of the agreement, an affiliate of funds managed by Apollo Global … [Read more...] about Around the State
Through Challenging Times, Buying and Selling Business Continues at Record Pace in Nevada
With all of the tragedy, shut down and hardship associated with COVID, there have been a few bright spots in the Nevada business community that give us great hope for 2021. As the new year is underway, it is interesting to note that entrepreneurship is notably on the rise. Nevada has experienced an increase in the sale of existing businesses to the next generation of … [Read more...] about Through Challenging Times, Buying and Selling Business Continues at Record Pace in Nevada
Commercial RE ReportRetail Summary: Fourth Quarter 2020
Northern Nevada By Dickson Commercial Group Retail had its best quarter of the year in the fourth quarter of 2020 with $84.05 million in total sales volume and 19 total sales. For comparison, the total volume in Q3 was $10.3 million and the total volume in Q2 was $9.6 million. The average price per square foot in the fourth quarter was the lowest average this year at … [Read more...] about Commercial RE Report
Business IndicatorsApril 2021
The “second” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2020 climbed 4.1 percent at an annual rate. Overall, the increase in real GDP benefitted from robust recovery in consumer spending and business investment, while net exports and government spending contributed negatively to growth. U.S. nonfarm employment posted a stronger-than-expected … [Read more...] about Business Indicators
Last WordWhat Characteristic Do You Appreciate Most in your Partner?
Tim Brooks Owner Emerald Island Casino & Rainbow Club Casino “I look to my wife often for guidance and counsel when faced with a business decision or challenge. Time and again, she amazes me with her insight. She is my closest friend and most trusted partner.” Cecilia Schafler President Lage Design “What I most appreciate in my partner is that he brings … [Read more...] about Last Word
The Human Cost of Government Unions’ Political Power
The prolonged closure of in-person education across the nation isn’t merely a frustration for parents and students—it is a radical demonstration of just how destructive the political power of teacher unions has become to our system of education. Even during “normal times”, the priorities of teacher unions have often clashed with those of parents, students and taxpayers. For … [Read more...] about The Human Cost of Government Unions’ Political Power
Rick Neal
President and CEOGoodwill of Southern Nevada Type of Business: Non-profit retail store with career services for job seekersBased In: Southern NevadaHails From: Charlotte, NC Years Co. has been in Nevada: 46Years with Company in Nevada: 02Employees with Company: 785 What do you want your legacy to be? I’d like my legacy to be one of service…to my nation, my community … [Read more...] about Rick Neal