E Project, Hotel ADDRESS 1 S. Main St., 89101 CONTRACTOR OF RECORD Breslin Builders DETAILS The Plaza Hotel & Casino in downtown Las Vegas has begun an extensive, multi-million dollar renovation to its rooftop pool including resurfacing and maintenance to the 70 SF pool deck. The new rooftop pool is slated to reopen this summer. Sale, Multi-Family ADDRESS 2895 E. … [Read more...] about Red Report: February 2016
Departments
Industrial Summary: Fourth Quarter 2015
Southern Nevada The Las Vegas Valley’s overall industrial vacancy rate in Q4, 2015 was 4.7 percent, a rise of 0.3 points, from 4.4 percent in Q3, 2015. Q4’s increase was the first quarter that the vacancy rose in three years. Additionally, between November 2014 and November 2015, the number of industrial-space using jobs in the Valley jumped by 6.9 percent. The strong growth … [Read more...] about Industrial Summary: Fourth Quarter 2015
Business Indicators: February 2016
The third estimate for U.S. real gross domestic product (GDP) for the third quarter of 2015 reports a 2.0 percent annualized growth rate, revised down from the 2.1 percent rate for the second estimate. Strong consumer spending still remained a main contributor to U.S. economic growth in the third quarter. The continuing Chinese economic slowdown disrupted the U.S. stock market … [Read more...] about Business Indicators: February 2016
What is the Most Significant Change You Have Seen in Your Lifetime?
“I remember as a child getting a telephone. Our number was 779 and the operator connected you to the person you wanted to call. Fast forward 65 years and look where we are today. Technology has revolutionized how we communicate, how we interact, how we conduct business and how we live.” Shelley Berkley | CEO and Senior Provost, Touro University Nevada “The day the fax machine … [Read more...] about What is the Most Significant Change You Have Seen in Your Lifetime?
The New Generation of Las Vegas Legal Space: Commercial Real Estate by Industry
The legal industry is facing a fundamental priority shift that is impacting how law firms look at everything from their investment in technology to how their office spaces are designed. At the heart of this shift are the disparate attitudes and preferences between the generations that are currently in the workforce. The up and coming millennial generation has its own … [Read more...] about The New Generation of Las Vegas Legal Space: Commercial Real Estate by Industry
Around the State: January 2016
RTC Introduces Yellow Dot Program The Regional Transportation Commission of Southern Nevada (RTC) has unveiled the Nevada Yellow Dot program. The program is a traffic safety initiative which incorporates a simple yellow dot window decal to alert first responders to critical medical information in order to improve emergency care for those involved in vehicle crashes or who … [Read more...] about Around the State: January 2016
Movers & Shakers: Ryan Stibor
Managing Attorney Davis Stibor “Just dive in, you’ll only learn through doing.” Type of Business: Law Firm | Hails from: Las Vegas | 8 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? I entered my profession at a San Diego law firm practicing real estate syndication. Then, I moved back to Las Vegas to co-develop and … [Read more...] about Movers & Shakers: Ryan Stibor
Welcome to Nevada: January 2016
A new column for 2016, Welcome to Nevada will highlight some of the state’s newest companies. With a goal of celebrating economic development achievements and the diversification of the Silver State’s economy, the editorial staff at Nevada Business Magazine will publish some of the new companies that have relocated or started in the state and feature them in the Welcome to … [Read more...] about Welcome to Nevada: January 2016
The Minimum Wage is not Just Anti-Business – It’s Anti-Worker as Well
Workers who make the least are hit hardest by short-sighted minimum wage hikes As economist Murray Rothbard once put it, there is only one way to describe a minimum wage law: “It is compulsory unemployment.” If the activist group The Committee to Raise the Minimum Wage in Nevada gets their way, Nevadans will see exactly what Rothbard warned against. The group has filed a … [Read more...] about The Minimum Wage is not Just Anti-Business – It’s Anti-Worker as Well
Red Report: January 2016
E Sale, Retail ADDRESS 1201 – 1240 E. Charleston Blvd., 89104 BUYER Downtown Rental, Inc. SELLER US Bank National Association DETAILS 27,402 SF; $2,250,000 APN 139-34-814-001 REP (BOTH) Wil Chaffee and Paul Chaffee of NAI Vegas Sale, Land ADDRESS 5366 Stephanie St., 89122 BUYER Oxford Investment Partner, LLC SELLER CRV Classic Properties, LP DETAILS 1.66 acres; … [Read more...] about Red Report: January 2016
Retail Summary: Third Quarter 2015
Southern Nevada The Las Vegas Valley anchored retail vacancy rate dropped slightly to 11.4 percent in Q3, 2015. At the end of Q3, vacancy rates ranged from 9.3 percent in power centers to 13.2 percent in neighborhood centers. With the retail market just above the 10 percent stabilized rate and taxable retail sales at all-time highs, the Valley’s anchored market remains fairly … [Read more...] about Retail Summary: Third Quarter 2015
Business Indicators: January 2016
The second estimate for U.S. real gross domestic product (GDP) for the third quarter of 2015 reports a 2.1 percent annualized growth rate, revised up from 1.5 percent in the first estimate. The revision mostly reflected higher levels of inventory investment in the private sector, while consumer spending and net exports were revised downward. Strong consumer spending still … [Read more...] about Business Indicators: January 2016
What is your New Year’s resolution?
“Ricky Gervais said it best, ‘I want to keep working out so that I can eat more cheese and drink more wine!’ But I also want to spend less time on my phone and more time connecting with those around me.” Jessica Rabbo | Owner, Core Studios “My New Year’s Resolution is to have more fun with my family, lower my carbon footprint, help my clients’ develop and implement their … [Read more...] about What is your New Year’s resolution?
Report Card Shows which Lawmakers Stood up for Taxpayers: Only 20 of 63 Kept their Commitments to Taxpayers
It’s easy for elected officials to pay lip service to how well they’re doing and talk about their achievements but, just as in school, report cards show the world what actually happened. To that end, the Nevada Policy Research Institute (NPRI) has just released its 2015 Legislative Review & Report Card, which includes a narrative overview of the session and scores every … [Read more...] about Report Card Shows which Lawmakers Stood up for Taxpayers: Only 20 of 63 Kept their Commitments to Taxpayers
Congress Can Minimize Damage of President’s Deal with Iran
Passions about the President’s deal with Iran run high for Nevadans and those across our country. Since the deal was announced in July 2015, hundreds of Nevadans wrote me letters, called my offices, and spoke with me face-to-face, urging me and my colleagues to reject the deal. Like the majority of Nevadans, I oppose the President’s nuclear agreement with Iran and was … [Read more...] about Congress Can Minimize Damage of President’s Deal with Iran