CEO Reno, NV Number of Employees: 9 Years in Nevada: 17 Years with Company: 2 How did you first get into your profession? I entered the real estate profession in 1994, after years as a radio and television news reporter and anchor. We moved to the Carson Valley area to raise our children, and I became a successful Realtor, then a co-owner of a leading firm in the … [Read more...] about Rob Wigton: Nevada Association of Realtors (NVAR)
Departments
2011 Legislative Session in Review: How Nevada’s Commercial Real Estate Industry Fared this Year
Each year, lobbyists flock to Carson City to push or fight legislation that stands to impact their clients’ businesses. Representatives from every sector across the state work tirelessly to ensure their voice is heard. Always present but often behind the scenes are the advocates for Nevada’s commercial real estate industry - the hardest hit sector in the great recession. This … [Read more...] about 2011 Legislative Session in Review: How Nevada’s Commercial Real Estate Industry Fared this Year
The Dreaded “R” Word —- Revenues
There is no doubt that Nevada has been one of the hardest hit economies not only in the United States, but even the world. Our double-digit unemployment rate is the highest in the nation month after month – exceeding even Greece’s unemployment. Our housing market is second only to Detroit’s, with more than 70 percent of Las Vegas area mortgages under water and no signs of … [Read more...] about The Dreaded “R” Word —- Revenues
Office Summary: Second Quarter 2011
Las Vegas Demand for office space in the Las Vegas valley remains relatively weak as new product entered the market. Inventory rose during the quarter to 50.4 million square feet as two new projects were completed. Office space totaling 145,000 square feet as part of the first phase of Tivoli Village and nearly 8,200 square feet of space on Henderson’s historic Water … [Read more...] about Office Summary: Second Quarter 2011
Business Indicators: September 2011
U.S. real GDP grew at an annualized rate of 1.3 percent during second quarter 2011, up from the revised first quarter estimate of 0.4 percent. U.S. non-farm employment increased by an anemic 117,000 jobs (seasonally adjusted) in July, which represents an improvement over the May and June figures of 25,000 and 18,000, respectively. Mostly as a result of declining labor-force … [Read more...] about Business Indicators: September 2011
What Nevada industry has the greatest potential to contribute to a turnaround?
“No single industry has the greatest potential as each industry -- directly or indirectly-- is reliant on others. Unemployment is extremely high in this state. Once we are able to put people back to work, regardless of industry, our economy will start to grow and all industries will benefit. “ David Stone • President, Nevada Association Services, Inc. “Gaming! The opening … [Read more...] about What Nevada industry has the greatest potential to contribute to a turnaround?
Michelle Sherven: WETLAB: Western Environmental Testing Laboratory
Owner Sparks, NV Number of Employees: 29 Years in Nevada: 9 Years with Company: 9 What do you like most and least about your industry? I love that my industry leaves so much room for growth and opportunity in an environment as diverse as Nevada’s. Our laboratory is in a city environment in Sparks, but we recently opened up a satellite office in Elko, the heart of … [Read more...] about Michelle Sherven: WETLAB: Western Environmental Testing Laboratory
August 2011: Around the State
Record International Visitation for Las Vegas According to data garnered primarily from US Department of Commerce research, international visitors now contribute to Las Vegas’ bottom line more than ever before. Comprising 18 percent of overall visitation to Las Vegas and 27 percent of tourism revenue in 2010, international visitors have increased in the double digits over the … [Read more...] about August 2011: Around the State
Summer Review: Taking a look at the complete financial picture
The summer months are an excellent time to perform a review of current strategies for investments and financial plans. It’s comparable to halftime during a football game. Look at results from the first half and make the necessary adjustments to win the game. Here are some specific areas to include during a halftime analysis. Asset Allocation Many investors forget to … [Read more...] about Summer Review: Taking a look at the complete financial picture
ObamaCare will Squeeze Education, Other Needs: Nevada Medicaid commitments on track to crowd out alternative priorities
Often lost in the debate over the Patient Protection and Affordable Care Act (PPACA) — the sweeping health care “reform” legislation popularly known as ObamaCare — is the impact it will have on education, public safety and other public services as health insurance subsidies begin to consume a greater share of state spending. Congressional Democrats claimed, when passing … [Read more...] about ObamaCare will Squeeze Education, Other Needs: Nevada Medicaid commitments on track to crowd out alternative priorities
Industrial Summary: Second Quarter 2011
Las Vegas The Las Vegas Valley industrial market slowed to a level not seen in several years. The vacancy rate edged up slightly to 18 percent as 135,600 square feet of negative net absorption was reported during the second quarter. For comparison purposes, the vacancy rate is up 13 basis points from the previous quarter (Q1 2011) and up 1.8 percentage points from the same … [Read more...] about Industrial Summary: Second Quarter 2011
August 2011: Business Indicators
The pace of U.S. economic growth slowed noticeably in first quarter 2011, with real GDP growth slowing to 1.9 percent at an annualized rate—a considerably weaker pace than the 3.1 percent figure posted in fourth quarter 2010. Providing evidence of continued economic weakness into second quarter, U.S. nonfarm employment rose by only 25,000 jobs (seasonally adjusted) in May and … [Read more...] about August 2011: Business Indicators
What notable Nevada figure do you most admire and why?
“Governor Kenny Guinn. As many successes as he had throughout his life – personal and professional - he never lost track of where he had come from; he treated everyone with respect. In a time when it is difficult to find true mentors and leaders, Kenny was the definition of class and sincerity.” Chris Ferrari • President, Ferrari Public Affairs George Maloof: “I’ve worked … [Read more...] about What notable Nevada figure do you most admire and why?
Robert J. Caldwell: Kolesar & Leatham, Chtd.
Attorney & Shareholder Las Vegas Number of Employees: 50 Years in Nevada: 11 Years with Company: 9 What inspired you to get into your industry? I come from a family of business owners and executives. I enjoy working with business professionals to help them achieve their goals, grow their businesses and, when necessary, handle their litigation needs. How do you … [Read more...] about Robert J. Caldwell: Kolesar & Leatham, Chtd.
July 2011: Around the State
Nevada Conservation Corps Receives Federal Funding The Great Basin Institute’s Nevada Conservation Corps (NCC) has received a national 2011 AmeriCorps grant from the Corporation for National and Community Service. The grant will fund 143 AmeriCorps member positions and bring $613,699 of federal funds into the state. The NCC is a statewide program that provides services … [Read more...] about July 2011: Around the State