Southern Nevada The Las Vegas industrial market vacancy rate stood at 10.9 percent by the end of the second quarter of 2014. The latest period represents a decline of 0.9 percentage points when compared to the prior quarter. Compared to a year ago (Q2 2013), industrial vacancies in the Valley have fallen an even more substantial 3.4 percentage points. The vacancy rate is now … [Read more...] about Industrial Summary: Second Quarter 2014
Departments
Business Indicators: August 2014
The “third” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 2.9 percent, lower than the negative 1.0 percent growth reported in the “second” estimate. The revision was due to the increase in personal consumption expenditures being smaller and the decline in exports being larger than previously estimated. Federal … [Read more...] about Business Indicators: August 2014
What was your first car?
“My first car was a 1960 Comet Station Wagon. When I was 14 years old, there was a kind elderly lady that lived next door who couldn’t drive anymore. So I mowed her lawn, ran errands, etc. for her. As thanks she gifted me the car and I was one very happy 14-year-old unlicensed driver!” Terry Downey | President and General Manager, Aliante Casino + Hotel + Spa “My first car … [Read more...] about What was your first car?
Nevada Real Estate & Development Report: July 2014
E Sale, Multi-Family ADDRESS 1401 N. Lamb Blvd., 89110 BUYER Masuda Family Trust SELLER Brooksone Apartments, LLC DETAILS 193 units; $10,550,000 APN 140-29-101-019 SELLER’S REP Patrick J. Sauter and Art Carll of NAI Vegas The Sauter Multifamily Group H Sale, Multi-Family ADDRESS 1651 American Pacific Dr., 89074 BUYER Hamilton Zanze & Company SELLER The Calida … [Read more...] about Nevada Real Estate & Development Report: July 2014
Wage Insurers, Enforcers and a General Contractor’s Role
In 1931, the Nevada Legislature enacted a statute that made general contractors (GC) liable for the labor-related debt of their subcontractors. This statute, now codified as NRS 608.150, was set up to protect Hoover Dam workers to make sure they were properly compensated for their work. The statute ensures payment of not only wages, but also benefits. The legislature imposed … [Read more...] about Wage Insurers, Enforcers and a General Contractor’s Role
‘Reading Rainbow’ Not Just About Books: One-Time Children’s Show Teaches About Free Markets
Ask people in today’s workforce about “Reading Rainbow” and they’re likely to have either been viewers themselves or raised children who reaped its educative benefits. For over a quarter century, the publicly funded television show worked to instill a love of reading within countless children, but in 2009, the show was abruptly canceled by PBS. While big-government … [Read more...] about ‘Reading Rainbow’ Not Just About Books: One-Time Children’s Show Teaches About Free Markets
July 2014: Around the State
MountainView Hospital and UNSOM Collaborate on Expanded Medical Education Program In an effort to increase the number of physicians serving in Southern Nevada, MoutainView Hospital and the University of Nevada School of Medicine (UNSOM) have agreed to work toward the development of an expanded Graduate Medical Education (GME) program based at MountainView Hospital. The GME … [Read more...] about July 2014: Around the State
John Dolores, PhD: Center for Hope of the Sierras
Executive Director Reno centerforhopeofthesierras.crchealth.com How did you first get into your profession? I am a clinical psychologist by training and, although I enjoyed practicing, I wanted to impact care on a systemic level. Thus, I decided to go into healthcare administration. If you had to choose another profession, what would it be? I have always enjoyed … [Read more...] about John Dolores, PhD: Center for Hope of the Sierras
James G. Parrish (Jim): Humboldt General Hospital
Chief Executive Officer Winnemucca https://www.hghospital.ws/ How did you first get into your profession? I started at 19 as a part-time janitor with a hospital in Washington State. What do you like most and least about your industry? What I like most about our industry is that we have the opportunity to truly impact our patient’s quality of life. What I like least … [Read more...] about James G. Parrish (Jim): Humboldt General Hospital
Michael Cunningham: Bank of Nevada
Executive Vice President, Regional President Las Vegas https://www.bankofnevada.com/ How did you first get into your profession? After graduating from college with a degree in accounting, I was accepted into the management training program at First Interstate Bank. If you could be remembered for one thing, what would it be? Knowing that I made a positive difference … [Read more...] about Michael Cunningham: Bank of Nevada
Court of Appeals: Timely Justice to Nevadans and their Businesses
Nevada’s Supreme Court has been overburdened for decades as it struggles to provide the public with speedy access to justice in the face of an ever growing population. The increasing backlog of cases is prolonging justice in Nevada. Currently, 56 percent of all appeals require more than six months to be heard, with 29 percent taking more than one year. As a consequence justice … [Read more...] about Court of Appeals: Timely Justice to Nevadans and their Businesses
Saint Mary’s Regional Medical Center: Established in 1877
Saint Mary’s began its legacy of caring for the community in 1877, when a few Dominican Sisters made an unplanned stop in Reno, on their journey from California to Kentucky. The Sisters stayed in Reno and built Mount Saint Mary’s Academy to bring education to the children of farmers and miners in the area. The academy would eventually become Sisters’ Hospital, as the rapidly … [Read more...] about Saint Mary’s Regional Medical Center: Established in 1877
Retail Summary: First Quarter 2014
Southern Nevada The Las Vegas retail market continued to witness increased demand in the first quarter of 2014 as the sector reported positive net absorption for the fourth consecutive quarter. The retail market vacancy rate fell to 9.0 percent by the end of the first quarter, which is down 0.1 percentage point from the prior period. Compared to a year ago, the vacancy rate is … [Read more...] about Retail Summary: First Quarter 2014
Business Indicators: July 2014
The “second” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 1.0 percent, lower than the positive 0.1 percent growth first reported. U.S. nonfarm employment experienced gains in May, adding 217,000 jobs over April. The unemployment rate remained constant at 6.3 percent, as labor force participation increased. Housing … [Read more...] about Business Indicators: July 2014
What is your favorite charity?
“Candlelighters of Southern Nevada is special to me because of the support, education, hope and advocacy they provide families of children with cancer. It’s important for these families to know they are not alone and that someone cares.” Justin Brown | Vice President Regulatory Affairs, Southwest Gas “My most compassionate feelings go out to the single-parent homeless. Our … [Read more...] about What is your favorite charity?