CAEK, Inc. This female-founded software company provides regulatory compliance and information security solutions for the medical industry and has recently moved its headquarters from Fayetteville, AR to Reno. The company expects its staff to grow to more than 150 employees as it adds software engineers, security analysts and sales professionals. The founder also expressed a … [Read more...] about Welcome to Nevada: October 2016
Departments
The Immoral Crusade for More: Government Intervention Needs to Stop
It seems that whenever someone attacks the core principles of free-market capitalism, they do so with a self-righteous attitude of moral supremacy. After all, the push for redistributing wealth, regulating businesses and expanding government always seems to be “for the greater good,” so it’s easy to see why big government advocates are so smitten with themselves. As such, … [Read more...] about The Immoral Crusade for More: Government Intervention Needs to Stop
Movers & Shakers: Michael W. Buis
CEO Pacific States Communications (30 years in NV) "Do what is right." Type of Business: Telecommunication Sales and Service | Hails from: Plainfield, Indiana | 26 years with company in Nevada | Based in: Reno How did you first get into your profession? After graduating from Purdue with my Masters in Engineering, I went west to Las Vegas. I practiced engineering … [Read more...] about Movers & Shakers: Michael W. Buis
Red Report: October 2016
E Sale, Multi-Family ADDRESS 517 N. 28th St., 89101 BUYER Green Tree Apartment, LLC SELLER Las Vegas Apartments, LLC DETAILS 72 units; $54,166 per unit APN 139-36-110-028 SELLER’S REP Devin Lee, CCIM and Robin Willet of NAI Vegas | The Sauter Multifamily Group H Project, Other ADDRESS 655 E. Lake Mead Pkwy., 89015 CONTRACTOR OF RECORD Core Construction DETAILS A … [Read more...] about Red Report: October 2016
Retail Summary: Second Quarter 2016
Southern Nevada The Las Vegas Valley anchored retail vacancy rate declined from 11.3 percent to 11 percent in the past 12 months. At the end of Q2, vacancy rates were 7 percent in power centers, 12.5 percent in community centers and 11.8 percent in neighborhood centers. With the retail market just 1 point above the 10 percent stabilized rate and taxable retail sales at … [Read more...] about Retail Summary: Second Quarter 2016
Business Indicators: October 2016
The U.S. real gross domestic product (GDP) grew at a 1.1 annual rate in the second quarter of 2016, The increase in real GDP was mainly due to surprisingly large gains in consumer spending, while cutbacks in private business investment contributed to U.S. economic growth remaining stuck in the slow lane. In spite of lackluster business investment, U.S. nonfarm employment added … [Read more...] about Business Indicators: October 2016
How Do You Measure Success?
“If I am happy when I wake up in the morning, I know I had a successful day yesterday. If I continue ending each day happy, I know I chose the right career.” Scott Donaghe | Senior Associate, Avison Young “In the non-profit world, success is measured by the number of lives we are changing. When we know we have helped to improve the graduation rates for the schools we work … [Read more...] about How Do You Measure Success?
Welcome to Nevada: September 2016
Curacoa A California-based retail store is opening its first Nevada location in the Meadows Mall in Las Vegas this fall. Curacoa is a department store targeted towards the Hispanic community that offers merchandise and electronics, as well as services such as travel arrangements and money transfers. The store plans to hire 150 employees, both full and part-time, that are … [Read more...] about Welcome to Nevada: September 2016
Around the State: September 2016
Startup Incubator Partners with UNR’s Innevation Center The University of Nevada, Reno Innevation Center has announced a partnership with The Batchery to support entrepreneur development in Nevada. The Batchery is a California-based global incubator for seed stage startups that bills itself as the “global gateway to Silicon Valley”. The partnership gives Batchery members … [Read more...] about Around the State: September 2016
Political Elites Send a Message: ‘Dissent Will Not Be Tolerated’
Nineteen U.S. senators, organized by global-warming alarmist groups, took to the Senate floor recently in an attempt to smear anyone who dares publicly criticize Big Government’s “green energy” schemes. Harry Reid led the charge — singling out the Nevada Policy Research Institute (NPRI), by name. “Those who ignore the climate crisis, or deny it exists, do not have a valid … [Read more...] about Political Elites Send a Message: ‘Dissent Will Not Be Tolerated’
Movers & Shakers: Dr. Eva Littman
Owner Red Rock Fertility Center (8 years in NV) "Think big!” Type of Business: Fertility Center | Hails from: New Bern, North Carolina| 8 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? My dad was a physician and my role model. What is your pet peeve? Slow drivers in the fast lane. What do you want your legacy … [Read more...] about Movers & Shakers: Dr. Eva Littman
Red Report: September 2016
E Sale, Multi-Family ADDRESS 5325 E. Tropicana Ave., 89122 BUYER Aspen Square Management, Inc. SELLER Majestic Heights Owner, LLC DETAILS 240 units; $77,500 per unit APN 161-28-102-002 SELLER’S REP Art Carll and Patrick Sauter of NAI Vegas | The Sauter Multifamily Group H Sale, Retail ADDRESS Multiple Properties, 89052 BUYER 3D Investments, LLC SELLER Eastern … [Read more...] about Red Report: September 2016
Office Summary: Second Quarter 2016
Southern Nevada Las Vegas Valley’s speculative office vacancy rate in Q2 2016 declined 2.5 points to 16.2 percent from Q1 2016. This was a big decline after the first rise in vacancy in four quarters during Q1. Vacancy rates ranged from 14.1 percent for Class C space to 21.3 percent for Class A space at the end of Q2. There was one office completion in Q2, the Park at … [Read more...] about Office Summary: Second Quarter 2016
Business Indicators: September 2016
The advanced estimate for U.S. real gross domestic product (GDP) for the second quarter of 2016 indicated a much weaker-than-expected growth of 1.2 percent. In addition, the first quarter’s real GDP growth was revised downward to 0.8 percent from 1.1 percent. Private investment, again, contributed negatively to U.S. economic expansion, falling by 9.7 percent from the previous … [Read more...] about Business Indicators: September 2016
What Advice Would You Give Your Younger Self?
“I would tell myself to not be complacent and be willing to leave your existing comfort zone. Take risks—those risks can lead to greater opportunity.” Eric Speer | General Manager Las Vegas Office, Logical Position “Unless you are absolutely passionate about your career role and can’t bear to exit, upgrade your position every five years. Change spurs growth. Keep building … [Read more...] about What Advice Would You Give Your Younger Self?