The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2019 increased by 2 percent at an annualized rate, unchanged from the “second” estimate. Overall, the slower real GDP growth in the second quarter compared to the first quarter mainly reflected weaker business investment (including inventory investment) and net exports, while strong … [Read more...] about Business Indicators
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Last WordWhat Are You Most Thankful For?
Diane Fearon PresidentLexicon Bank “I am most thankful for opportunities to be successful while contributing to a strong southern Nevada. Being part of a new community bank that is committed to doing good and doing well, is exhilarating.” Lincoln Spoor Founder and CEO Frites Las Vegas “I am thankful to live in the United States - a country where democracy … [Read more...] about Last Word
Big Government Can’t Be Outrun
Nevada’s political demographics are changing, and the resulting “blue wave” has started to lead many conservatives, libertarians and free market advocates to begin entertaining the idea of fleeing the state. ‘Get out before Nevada becomes California,’ seems to be the general mentality. I’s a tempting notion. After all, in recent years there’s been something of an exodus of … [Read more...] about Big Government Can’t Be Outrun
Ken Blankenhorn
President & CEO, Desiccare Inc. Type of Business: Atmospheric ControlBased In: Las Vegas, NVHails From: Cressona, PA Years Company Has Been in Nevada: 6Years with Company in Nevada: 6Employees with Company: 462 What was your first job? [I was a] fork truck driver/lumberyard. What do you want your legacy to be? [That I] developed a unique teamwork … [Read more...] about Ken Blankenhorn
Around the StateOctober 2019
Opportunity Village Adds Inclusive Living Community Betty’s Village, a residential community for individuals with and without disabilities who want to live and grow in an integrated neighborhood broke ground last month at Opportunity Village’s Ralph and Betty Englestad Campus. The community will include smart living technology and integrated design on a 6.7 acre lot. Betty’s … [Read more...] about Around the State
Commercial RE ReportRetail Summary: Second Quarter 2019
Northern Nevada By Dickson Commercial Group After a slow start to the year, retail sales had a much-needed pickup in the second quarter of 2019. Q2 was the best quarter in the past year with respect to volume and had almost $55 million in transactions with an average price per square foot of $261. One of the most notable sale transactions was Cabela’s, which sold for … [Read more...] about Commercial RE Report
Business IndicatorsOctober 2019
The “second” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2019 grew by 2.0 percent at an annualized rate, down by 0.1 percentage point compared to the “advance” estimate of 2.1 percent. The overall economic picture of economic growth remained the same. Stronger consumer spending, which showed its fastest growth in nearly four years by rising by … [Read more...] about Business Indicators
Last WordWhat is your Biggest Fear and How do you Overcome it?
Scott Seastrand Vice PresidentWestern Elite“My cautions are to avoid panic by planning. The fear then is not being prepared enough for the certain changes in business or for the economic swings that naturally occur, or world events that impact all of us. I look ahead and around the corner and play out various changes in the business cycle so that I am able to plan for the … [Read more...] about Last Word
Maintaining Checks and BalancesSuper Majority Vote Requirement Ignored by Democrats
In the final days of Nevada’s 80th Legislative Session, the Democrat majority in the Nevada State Senate and Assembly wielded their power to pass Senate Bill 551 (SB551) which raised Modified Business Tax (MBT) rates beyond their scheduled July 1, 2019 levels using a new simple majority voting threshold of 50 percent plus one vote. This vote was in direct conflict with the … [Read more...] about Maintaining Checks and Balances
Around the StateSeptember 2019
Las Vegas Ballpark Wins Ballpark of the Year Award In its inaugural year, the Las Vegas Ballpark in Summerlin won the 20th annual Ballpark of the Year award from BaseballParks.com. The award is presented to new or remodeled baseball stadiums and is based on site selection, exterior appearance, architectural design and fan amenities. Winners are chosen by a panel utilized but … [Read more...] about Around the State
Educational Choice Would Also Improve the Lives of Teachers
As the school year begins, we’re once again faced with all-too-familiar headlines about Nevada’s struggle to attract and retain quality educators and the general disarray of the state’s two largest school districts. Even a casual observer can tell there’s plenty of reasons for teacher morale to be depressingly low in today’s public education system — something that is directly … [Read more...] about Educational Choice Would Also Improve the Lives of Teachers
Terrence Thornton
Executive Director, Special Olympics NevadaType of Business: Non-ProfitBased: StatewideHails From: Las Vegas Years Co. has been in Nevada: 18Months with Company in Nevada: 5Employees with Company: 5 What Was Your First Job? [I was a] stock clerk for a 7-11 store in North Las Vegas (Lake Mead & Las Vegas Blvd.). What do you want your legacy to … [Read more...] about Terrence Thornton
Commercial RE ReportOffice Summary Second Quarter 2019
Northern Nevada By Colliers | Reno The second quarter of 2019 turned the tide of the last few quarters of negative net absorption in northern Nevada. The region registered a positive 70,949 square feet of positive absorption which pushed vacancy down to 11.7 percent this quarter, down from 12.3 percent last quarter. Despite positive absorption and a decrease in vacancy, … [Read more...] about Commercial RE Report
Business IndicatorsSeptember 2019
The “advance” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2019 increased modestly, up by 2.1 percent at an annualized rate. The real GDP increase largely reflected strong consumer spending, rising by 4.3 percent, its fastest growth in nearly two years. Government spending also grew at its fastest pace in a decade and contributed positively to … [Read more...] about Business Indicators
Last WordWhat is Your Favorite Sport?
Greg Nainani Senior VP of FinanceDesert Radiology “Mountain biking, hands downs. I mountain bike for the downhills which must be earned. Second, if I’m going to have a biking accident, it’s going to be on my terms and my fault.” Alice Ferguson General ManagerOpendoor Las Vegas “I love volleyball because it’s truly an all-season sport here in the valley. … [Read more...] about Last Word