E Sale, Multi-Family ADDRESS 1011 N. 4th St., 89101 BUYER 1011 North 4th Street Casa Vista, LLC SELLER Casa Vista, LLC DETAILS 23 units; $52,174 per unit APN 139-27-603-003 SELLER’S REP Devin Lee, CCIM and Jerad Roberts of Northcap Multifamily Sale, Land ADDRESS 3919 E. Cheyenne Ave., 89115 BUYER 3919 Cheyenne, LLC SELLER Professional Investors DETAILS 4.9 acres; … [Read more...] about Red Report: September 2017
Departments
Office Summary: Second Quarter 2017
Southern Nevada Las Vegas Valley’s office vacancy rate in Q2 2017 declined by 1.1 points to 19.2 percent from Q1 2017. Compared to Q2 2016, the office vacancy rate was down 1 point, from 20.2 percent. Vacancy rates ranged from 15.7 percent for Class C space to a high of 23.3 percent for Class A space in Q2. Las Vegas Valley’s office vacancy rate in Q2 2017 declined by 1.1 … [Read more...] about Office Summary: Second Quarter 2017
September 2017: Business Indicators
The “advance” estimate for U.S. real gross domestic product (GDP) for the second quarter of 2017 grew at a 2.6 percent annualized rate. Real GDP for the first quarter was revised downward to a 1.2 percent pace. Residential investment exhibited the largest decrease among the real GDP components for the second quarter, while consumer spending and business investment rebounded … [Read more...] about September 2017: Business Indicators
What Is the Most Significant Change You’ve Seen in Nevada?
“The most significant changes I’ve witnessed is the evolution of our community and state to accommodate the arts, energy, technology and other great industries!” Valerie Clark | President, Clark & Associates (24 years in Nevada) “One of the greatest things I’ve seen is Southern Nevada’s evolution into a true entertainment destination. We now have world-class restaurants … [Read more...] about What Is the Most Significant Change You’ve Seen in Nevada?
Movers & Shakers: Troy Means
Co-Owner HomeCrafters Reno (20 years in Nevada) Type of Business: Home Builder | Hails from: Reno, Nevada | 20 years with company in Nevada | Based in: Reno How did you first get into your profession? Construction, engineering and architecture have been in my family for the last three generations, and I ultimately ended up pursuing that passion too. What do you … [Read more...] about Movers & Shakers: Troy Means
Q&A: Linda McMahon, Director, US Small Business Administration
Director of the Small Business Administration, Linda McMahon is newly appointed to the role by President Trump and the first of such appointees to visit the Silver State. She has a long history in business and was the co-founder and former CEO of WWE, which she helped grow from a 13-person regional operation to a worldwide organization with over 800 employees. She now serves as … [Read more...] about Q&A: Linda McMahon, Director, US Small Business Administration
Right-to-Work: Improving the Value of Labor Unions in 28 States and Counting
Union bosses often try to portray right-to-work laws — which allow workers to decline or opt out of union membership — as a direct attack on unionization itself, arguing that supporters of employee freedom secretly wish to see workers enslaved under a harsh and punitive employment system. The truth is, if right-to-work supporters were actually trying to destroy unions, … [Read more...] about Right-to-Work: Improving the Value of Labor Unions in 28 States and Counting
Business First: Legislative Review
The 79th Legislative Session in Nevada convened on February 6th of this year and, as they do most sessions, adjourned 120 days later on June 5th. In the eyes of most it was a quiet session, especially after the volatile 2015 legislature, which saw the largest increase in taxes in state history. Many big issues were debated amongst legislators but no shocking bills made their … [Read more...] about Business First: Legislative Review
Welcome to Nevada: August 2017
Asia Union Electrical Chemical Corporation Founded in 1988 in Taipei, Taiwan, Asia Union is a chemical production company locating its North American headquarters to McCarran, Storey County. Producing and marketing high-pure chemicals, chemical formulas and solvents for cleaning, photolithography and more, the company will be investing approximately $17 million for capital … [Read more...] about Welcome to Nevada: August 2017
Around the State: August 2017
Southern Nevada Communities Rank Among Nation’s Top Ten According to a report by RCLCO Real Estate Advisors, Summerlin in Southern Nevada ranked 7th among the nation for the best selling master-planned communities. Sales have been strong for the community in the first half of the year, Summerlin topped last year’s numbers by 28 percent. Since the list debuted in 1994, … [Read more...] about Around the State: August 2017
Red Report: August 2017
E Sale, Industrial ADDRESS 3110 Venture Dr., 89101 BUYER Pro Point, Inc. SELLER Nevada Builders Venture, LLC DETAILS 8,564 SF; $899,220 APN 139-36-813-008 BUYER’S REP Zac Zaher of CBRE Sale, Multi-Family ADDRESS 150 Hoover Ave., 89101 BUYER The Hoover, LLC SELLER Pinetree, LLC DETAILS 56 units; $38,661 per unit APN 139-34-410-031 BUYER’S REP Devin Lee, CCIM and … [Read more...] about Red Report: August 2017
Industrial Summary: Second Quarter 2017
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q2 2017 was 6 percent, up 0.5 percentage-points from the first quarter. Vacancies were up in every product type except for incubator. However, that did not put a dent in completions. A large amount of new space came to market during the quarter. The industrial market appears to be continuing to … [Read more...] about Industrial Summary: Second Quarter 2017
August 2017: Business Indicators
The “third” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2017 implied a 1.4 percent annualized rate of growth, 0.2 percentage point higher than the “second” estimate of 1.2 percent. U.S. nonfarm employment rebounded by adding an impressive 222,000 jobs in June. Moreover, the previous two months of job gains were revised upward. The unemployment … [Read more...] about August 2017: Business Indicators
If You Had to Choose Another Career What Would It Be?
“I would be a national talk show host so that I could interview people from every walk of life and hear their amazing stories to inspire hope. Everyone has a story.” Fafie Moore | Executive Vice President Southern Nevada, ERA Brokers Consolidated “I would choose to coach soccer. I’ve played the sport for over 40 years and have coached at many levels. Skills and lessons … [Read more...] about If You Had to Choose Another Career What Would It Be?
Special Interests Wanted ESAs Dead: More Than Sandoval Wanted the Program Funded
Teacher unions care more about their share of tax revenue than they do about the quality education of children. More than anything else, that should be the takeaway from the 2017 legislative session — when opponents of educational choice called the Governor’s bluff on Education Savings Accounts (ESAs). Of course, the word “bluff” implies that, ultimately, Sandoval was not … [Read more...] about Special Interests Wanted ESAs Dead: More Than Sandoval Wanted the Program Funded