Cimpress The producer of mass customized products is set to open its first US manufacturing operation in Reno with plans to hire up to 150 new employees to service more than 17,000 customers worldwide. The company produces for small and medium businesses, consumers, graphic designers and print sellers with a portfolio of more than 20 brands. Cimpress customizes more than 46 … [Read more...] about Welcome to Nevada: February 2017
Departments
History in the Making: The 79th Session of the Nevada Legislature
The historic result of the 2016 election ushers in a new set of challenges, opportunities, and unknowns for Nevada businesses at the federal and state levels. Here, at home, Nevada bucked the national trend and once again gave Democrats control of both houses of the legislature. The result is two new legislative majorities, along with a host of freshman chairs and freshman … [Read more...] about History in the Making: The 79th Session of the Nevada Legislature
Movers and Shakers: Matt Kershaw
President & CEO Clark County Credit Union (65 years in NV) Type of Business: Credit Union | Hails from: Sandy, Utah | 11 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? My friend’s dad worked at a bank and helped me find a job when I was going to college. What is your pet peeve? The gobbling up of successful … [Read more...] about Movers and Shakers: Matt Kershaw
Federal Land Is About Control, Not Conservation
In the final months of his presidency, President Obama used his executive authority to place millions of acres of western lands “off limits” to development — and big-government environmentalists cheered the move. Certainly the protections put in place by declaring large swaths of western lands “protected” is a policy result that pleases the ecologically concerned — but … [Read more...] about Federal Land Is About Control, Not Conservation
Red Report: February 2017
E Sale, Land ADDRESS 2214 N. Pecos Rd., 89115 BUYER Oxford Investment Partners SELLER Brian J. Horner DETAILS 3.88 acres; $250,000 APN 140-19-101-015 BUYER’S REP Matthew Feustel of Virtus Commercial Loan, Motel ADDRESS 4288 N. Nellis Blvd., 89115 LOAN OFFICER David Blum of NorthMarq Capital DETAILS NorthMarq Capital negotiated the $3 million refinance of La Quinta … [Read more...] about Red Report: February 2017
Industrial Summary: Fourth Quarter 2016
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q4, 2016 was 4.8 percent. Since Q3, 2015 the Valley’s industrial market rate has been at full occupancy and has been absorbing new space while remaking the existing inventory to accommodate larger space demand. Q4 saw 2,045,634 square feet of completed space, all of it in the warehouse/distribution … [Read more...] about Industrial Summary: Fourth Quarter 2016
February 2017: Business Indicators
U.S. real gross domestic product (GDP) for the third quarter of 2016 increased at a 3.5 percent annualized rate. The surprising upswing of real GDP in the third quarter reflects a surge in agricultural (soybean) exports and a rebound in business inventories. The consumer price index also showed the largest jump in two years at 1.7 percent. November housing starts fell … [Read more...] about February 2017: Business Indicators
What Is Your Favorite Recreational Place in Nevada?
“The walkways in Peccole Ranch are endless. I love to take walks with my daughter along the beautifully landscaped pathways that circle behind the homes of Peccole Ranch in Summerlin. It’s so peaceful.” Dave Dworkin | Operations Manager, Avision Young “My favorite recreational place in Nevada is Mt. Rose Ski Resort. It’s just minutes from Reno, has the best snow and the … [Read more...] about What Is Your Favorite Recreational Place in Nevada?
Movers & Shakers: Chris Flocchini
President & CEO Sierra Meat & Seafood (68 years in NV) Type of Business: Meat and Seafood Manufacturer and Distributor | Hails from: Los Gatos, California | 16 years with company in Nevada | Based in: Reno How did you first get into your profession? After college I decided not to get into the meat and seafood business with my family; I went into the real … [Read more...] about Movers & Shakers: Chris Flocchini
Managing Large-Scale Construction Projects: The Importance of Teamwork
All large-scale construction projects are at inherent risk of going over budget and schedule – late changes in design, unforeseen conditions and unexpected delays in permitting are a few reasons for time delays and cost increases. However, equally as guilty can be the people working the project. Poor planning, inexperienced leadership, lack of clear objectives and … [Read more...] about Managing Large-Scale Construction Projects: The Importance of Teamwork
Welcome to Nevada: January 2017
Amazon A new fulfillment center is under construction in North Las Vegas expanding Amazon’s presence in Southern Nevada. The company plans to open the facility by the summer of 2017 which will be operated by Amazon.com.kycd LLC, a subsidiary of Amazon.com. Plans for the new center include the hiring of 1,000 employees within the first few months with an average hourly wage … [Read more...] about Welcome to Nevada: January 2017
Around the State: January 2017
Rural Nevada Receives Over $188 Million Investment for FY 2016 The US Department of Agriculture Rural Development (USDA RD) has announced that, for fiscal year 2016, rural Nevada received $188 million in support of housing, community facilities, water systems and businesses. Further, the department announced that a total of $1.35 billion has been obligated statewide since 2009 … [Read more...] about Around the State: January 2017
Thanks to Capitalism, the Future Is Quickly Arriving
The future is apparently upon us. It’s true that we don’t yet have flying cars, cities built on clouds or Back-to-the-Future-style hover boards. But we are on the verge of having self-driving cars. And we already have telephones with more computing power than the system that successfully landed men on the moon. And now, thanks to retail giant Amazon, we will soon have … [Read more...] about Thanks to Capitalism, the Future Is Quickly Arriving
Red Report: January 2017
E Sale, Multi-Family ADDRESS 501 S. 10th St., 89101 BUYER Ambleside Properties LLP SELLER T.H. Steele DETAILS 44 units; $32,727 per unit APN 139-34-811-006 SELLER’S REP Michael R. LaBar and Michael L. Shaffner of Marcus & Millichap H Sale, Retail ADDRESS 210 N. Boulder Hwy., Bldg. F, 89015 BUYER Southpoint Apartment, Inc. SELLER WPI-Lake Boulder, LLC DETAILS … [Read more...] about Red Report: January 2017
Retail Summary: Third Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail vacancy rate ticked up from 11 percent in Q2, 2016 to 11.1 percent in Q3, 2016. At the end of Q3, vacancy rates were 7.8 percent in power centers, 12.8 percent in community centers and 11.2 percent in neighborhood centers. With the retail market just one point above the 10 percent stabilized rate and taxable retail sales at … [Read more...] about Retail Summary: Third Quarter 2016