E Sale, Retail ADDRESS 5061 E. Sahara Ave., 89142 BUYER JARM, LLC SELLER East Sahara & Nellis, LLC DETAILS 9,200 SF; $2,550,000 APN 161-09-115-003 SELLER’S REP Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank H Sale, Office ADDRESS 139 E. Warm Springs Rd., 89015 BUYER Daniel J. Beumer SELLER Foundation Executives Suites, LLC DETAILS 6,300 SF; … [Read more...] about Red Report: July 2016
Departments
Retail Summary First Quarter 2016
Southern Nevada The Las Vegas Valley retail vacancy rate dropped 0.2 percentage points to 10.1 percent in Q1, 2016, a positive start to the year. At the end of Q1, Southern Nevada’s vacancy rate was again lowest in power centers at 7.2 percent. Neighborhood and community centers were almost even with vacancy rates of 10.9 and 11 percent, respectively. As of the end of Q1, … [Read more...] about Retail Summary First Quarter 2016
Business Indicators: July 2016
The second estimate for U.S. real gross domestic product (GDP) for the first quarter of 2016 was revised upward from the first estimate of 0.5 to 0.8 percent annualized growth rate. This revision mainly reflects upward adjustments in private inventory investment, residential fixed investment and exports and a downward adjustment in imports. The stronger dollar, cheaper oil and … [Read more...] about Business Indicators: July 2016
What Makes You Proud to Be an American?
“The everlasting ideals cast down by our forefathers continue to secure America’s plight; portrayed in our longstanding heritage in our American cities (be it farm, rural or industrial towns) which embodies the heart of our great country – all of which makes me proud.” Deven Chase | Managing Partner and Realtor, Elite Homes US “Though our country is not perfect, one of the … [Read more...] about What Makes You Proud to Be an American?
Movers & Shakers: Darren Gillett
President / CEO Gillett Construction LLC (13 years in NV) “Don’t be afraid to be aggressive.” Type of Business: General Contracting | Hails from: Calgary Alberta, Canada | 13 years with company in Nevada | Based in: Henderson How did you first get into your profession? My family has a long history in general contracting, starting with my great grandfather. My … [Read more...] about Movers & Shakers: Darren Gillett
Executive Power Tools: The Benefit of Peer Groups
What is truly at stake in your next decision? Picture a pending business challenge or opportunity. What if you could see it from every perspective, angle and point of view, perhaps even from the past and into the future? You could eliminate all the blind spots. The Desert Research Institute has such a tool for scientific research. Called the C.A.V.E., it is a six-sided … [Read more...] about Executive Power Tools: The Benefit of Peer Groups
Teacher Unions Put Unions First, Not Students
Teachers in Detroit went on strike last month — demonstrating once again that union bosses are not nearly as interested in quality education for children, as they are in maintaining the political power of their unions. Of course, union apologists will argue that what happened in Detroit, where teachers are legally barred from striking, was not technically a “strike.” … [Read more...] about Teacher Unions Put Unions First, Not Students
Welcome to Nevada: June 2016
Multiple The Las Vegas Global Economic Alliance (LVGEA) recently assisted five companies in receiving tax incentives for relocating or expanding in Southern Nevada. The five companies will create 388 new jobs and over $34 million in capital investment. The companies include: Core-Mark International, Mirixa Corporation, Pacific Dental Services, Sitel Operation Corporation and … [Read more...] about Welcome to Nevada: June 2016
Around the State: June 2016
University of Nevada School of Medicine Graduates Doctors, Releases Report Last month, the University of Nevada School of Medicine held commencement ceremonies for the Class of 2016 in the Lawlor Events Center at the University of Nevada, Reno. The school graduated 66 students who will take a short break before beginning their residency training programs and are entering … [Read more...] about Around the State: June 2016
Red Report: June 2016
E Sale, Office ADDRESS 4101 E. Charleston Blvd., 89104 BUYER Sunland Properties, Inc. SELLER Gramercy Capital Corp. DETAILS 148,070 SF; $4.6 million APN 161-06-501-008 SELLER’S REP Tom Naseef, CCIM, SIOR and Jeff Naseef of Colliers International Sale, Multi-Family ADDRESS 1650 N. Pecos Rd., 89115 BUYER ABJ Group Enterprises SELLER California Capital Real Estate … [Read more...] about Red Report: June 2016
Office Summary: First Quarter 2016
Southern Nevada Las Vegas Valley speculative office vacancy rate in Q1, 2016 rose 0.3 points to 18.7 percent from Q4, 2015. This was the first increase in the vacancy rate in four quarters. Vacancy rates ranged from 15.5 percent for Class C space to 23.5 percent for Class A space at the end of Q1. Although we saw a slight increase in the vacancy rate to begin the year, we … [Read more...] about Office Summary: First Quarter 2016
Business Indicators: June 2016
The advanced estimate for U.S. real gross domestic product (GDP) for the first quarter of 2016 experienced an expected, but disappointing, gain of an annualized 0.5 percent. The weak growth mainly reflects a large 5.9 percent decrease in nonresidential investment. Consumer spending still continues to provide the main driver of real GDP growth, although it decelerated its upward … [Read more...] about Business Indicators: June 2016
What is the most memorable lesson your father taught you?
“Work ethic. As a small business owner himself, I saw my father work long hours to maintain his client relationships. I didn’t realize it then, but this was setting an example that I follow today.” Ryan Martina, PLS | President, M² Geomatics “My dad taught me that taking risks could never result in a failure. If I failed at something, it was the absolute best education I … [Read more...] about What is the most memorable lesson your father taught you?
Transportation in Southern Nevada: The Added Benefits of Investing in Infrastructure
With more than 42 million visitors to Las Vegas annually and community leaders calling for updated transportation infrastructure for residents and tourists alike, now is the time to discuss new transportation possibilities in Southern Nevada that are necessary to support the next generation of economic development. Recently, Brownstein Hyatt Farber Schreck partnered with the … [Read more...] about Transportation in Southern Nevada: The Added Benefits of Investing in Infrastructure
ESA’s Aren’t About Politics — They’re About the Students
If Nevada is serious about improving education throughout the state, it needs to begin focusing on children — not taxpayer-funded bureaucracies. By using students and teachers as little more than political props, the established public school system routinely pressures voters, taxpayers and politicians for an ever-increasing amount of funding. Governor Brian Sandoval used … [Read more...] about ESA’s Aren’t About Politics — They’re About the Students