When Republicans recently unveiled their first attempt to dismantle the Affordable Care Act, it became obvious the leadership was more focused on repackaging and rewriting than repealing and replacing. Certainly, some changes were suggested that would have boded well for businesses and individuals. While the individual and business mandates would remain a part of the law, … [Read more...] about ‘Obamacare Lite’ Is Not the Free-Market Solution We Were Promised
Departments
Red Report: April 2017
N Sale, Retail ADDRESS 8043 – 8053 N. Durango Dr., 89131 BUYER Durango SNS, LLC SELLER SSB Propco, LLC DETAILS 11,060 SF; $2,225,000 APN 125-08-817-002 SELLER’S REP Dustin R. Alvino of Marcus & Millichap Sale, Land ADDRESS SEC of Rainbow Blvd. & Ann Rd., 89130 BUYER Herbst Development, LLC SELLER Rainbow Ann 1, LLC DETAILS 1.64 acres; $1.4 million APN … [Read more...] about Red Report: April 2017
Retail Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail had an encouraging finish to 2016 with vacancy dropping 0.7 points from 11.2 percent in Q3, 2016 to 10.5 percent in Q4, 2016. At the end of Q4, vacancy rates were 6.8 percent in power centers, 11.8 percent in community centers and 11.4 percent in neighborhood centers. Record high taxable sales are playing a significant role … [Read more...] about Retail Summary: Fourth Quarter 2016
April 2017: Business Indicators
The “second” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 grew at a 1.9 percent annualized rate, remaining unchanged from the “advance” estimate. According to more complete source data, consumer spending increased more strongly than previously thought, but increases in state and local government spending and nonresidential fixed investment … [Read more...] about April 2017: Business Indicators
What Business Resource Do You Wish You Had More Of?
“Non-profits can always use more support which furthers the organization’s impact. Support from generous donors and trustees who believe in your mission, and support of members and visitors who value the museum enough to visit.” Tifferney White | CEO and President, Discovery Children’s Museum “Having been in business in Southern Nevada for 30 years, I would like to have … [Read more...] about What Business Resource Do You Wish You Had More Of?
Nevada’s Treasurer’s Office: From Education Savings Accounts to Investing State Funds
As State Treasurer, my office was asked to administer the Educational Savings Accounts (ESAs). We acted expeditiously to establish rules for the program, which we completed over a year ago. With the help of the Attorney General’s office, we fought two lawsuits, finally ending up at the Nevada Supreme Court. Though the Court didn’t like the way the ESA’s were funded, the … [Read more...] about Nevada’s Treasurer’s Office: From Education Savings Accounts to Investing State Funds
Movers and Shakers: Virginia Toalepai
President & CEO World Wide Safety (4 years in NV) Type of Business: Safety Consultants | Hails from: Apia, Samoa | 4 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? I was introduced to the safety industry by my ex-husband. What is your pet peeve? People who tell me that something is impossible or it cannot be … [Read more...] about Movers and Shakers: Virginia Toalepai
Around the State: March 2017
USA Parkway Extension Hits Midway Mark The Nevada Department of Transportation (NDOT) has reached the 50 percent milestone in the completion of the USA Parkway extension. The project connects Interstate 80 and U.S. 50 in Storey and Lyon counties. USA Parkway was originally constructed as a privately-built, six mile road connecting I-80 to the Tahoe Reno Industrial Center east … [Read more...] about Around the State: March 2017
Welcome to Nevada: March 2017
Alltrade Tools A designer and manufacturer of premier tools and shop equipment, Alltrade Tools is in the process of relocating its distribution facility from Long Beach, CA to Reno. Company executives chose Reno for its business-friendly climate and the opportunities the growing community offers. The company serves clients globally and will create an additional 35 jobs in … [Read more...] about Welcome to Nevada: March 2017
Lawmakers Should Focus on Consequences of Minimum Wage Hikes – Not Mere Intentions
It didn’t take the new Nevada legislature long before it started toying with the idea of raising the minimum wage. Introduced within the first week of Nevada’s 79th legislative session, SB106 would incrementally increase the minimum wage from the current $8.25 per hour to a grand total of $12 per hour. Another more aggressive proposal — AB175 — was introduced the following … [Read more...] about Lawmakers Should Focus on Consequences of Minimum Wage Hikes – Not Mere Intentions
Red Report: March 2017
E Sale, Industrial ADDRESS 5406 E. El Campo Grande Ave. Blgds. 7/8 C, 89115 BUYER Exhibit Options SELLER Thomas & Mack Development DETAILS 20,028 SF; $1,962,744 APN 123-28-310-002 BUYER’S REP The Larkin Team of NAI Vegas SELLER’S REP Jake Higgins and Kevin Higgins, SIOR of CBRE Sale, Land ADDRESS NWC of Tropical Pkwy. & Range Rd., 89115 BUYER Madison/Chewy, … [Read more...] about Red Report: March 2017
Office Summary: Fourth Quarter 2016
Southern Nevada Las Vegas Valley’s speculative office vacancy rate in Q4, 2016 increased by 0.1 points to 20.2 percent from Q3, 2016. Compared to Q4, 2015, the office vacancy rate was up 0.2 points, from 20 percent. Vacancy rates ranged from 15.4 percent for Class C space to a high of 28.2 percent for Class A space at the end of Q4. The office market has fluctuated back and … [Read more...] about Office Summary: Fourth Quarter 2016
March 2017: Business Indicators
The “advanced” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 increased at a 1.9 percent annualized rate. Although the real GDP growth rate decelerated compared to last quarter’s 3.5 percent increase, the underlying categories showed more strength. Consumer spending stayed robust and business investment finally moved out of a negative or … [Read more...] about March 2017: Business Indicators
If You Could Make a Sentence Long Speech to the Entire World, What Would You Say?
“Do what you love, live well, love well, drink honest wines, eat your veggies and root for the underdog.” Shaji Matthew | Owner, Terra Vigna “‘Announcing your plans is a good way to hear God laugh.’ – Al Swearengen, Deadwood TV Series” Karen Baresell | CEO, United Way of Northern Nevada and the Sierra “Leaders are tasked with making important decisions each day, some will … [Read more...] about If You Could Make a Sentence Long Speech to the Entire World, What Would You Say?
Around the State: February 2017
Las Vegas Breaks Tourism Record According to data compiled by the Las Vegas Convention and Visitors Authority, Las Vegas has broken the city’s all-time record of visitation growth with 42.9 million visitors in 2016. This is the third consecutive record-breaking year with 2015 seeing 42.3 million visitors. In addition, convention attendance also broke records in 2016 with 6.3 … [Read more...] about Around the State: February 2017