When Tina Quigley became general manager of the Regional Transportation Commission of Southern Nevada (RTC) she and her team went promptly to talk with officials in metropolitan areas where they’ve created transportation plans that were both funded and built, and had community support behind them. The common message from leaders in those communities was that even a public … [Read more...] about Go Anywhere From Here: Nevada’s Transportation System
Building Nevada
Managing Nevada: Commercial Property Management in the Silver State
As the nation’s recession continues to drift further into the distance, the commercial real estate market is enjoying a healthy rebound. This means more commercial property owners are on the hunt for experienced property management companies to protect their investments. During the height of the economic downturn, Nevada’s real estate industry was on the receiving end of … [Read more...] about Managing Nevada: Commercial Property Management in the Silver State
Nevada Land Market Continues to Recover
Demand for land in Nevada has resembled a rollercoaster pattern this decade. During the real estate boom in the first half of the 2000s, both residential and commercial developers hungrily purchased land, driving up prices. With the recession, the opposite happened; development nearly ceased, land demand decreased and so did the price. Again, the pendulum has begun to swing … [Read more...] about Nevada Land Market Continues to Recover
Nevada’s Residential Market: A Season of Change
For the last two years, Nevada’s residential housing market has seen substantial rebound, with significant effect on prices. Lowered median home prices have created low inventory and a seller’s market, which in turn impacted distressed properties and neighborhoods. “People are a lot smarter today, having learned from mistakes that occurred in the market; buyers are much … [Read more...] about Nevada’s Residential Market: A Season of Change
Hospitals in Nevada: An Industry in Transition
Some things that don’t change in healthcare: the importance of patient outcome, patient experience, patient compliance and patient ability to pay for services. Other things in healthcare are changing rapidly: bio-engineered medications to treat specific patients, imaging devices take the place of exploratory surgery, the model for healthcare, the way hospitals are reimbursed … [Read more...] about Hospitals in Nevada: An Industry in Transition
Connecting the Dots: Nevada’s Place in the Global Economy
Ninety-six percent of the world’s population lives outside the U.S. Yet only 1 percent of American businesses export their products and services. In countries like Germany and Japan, some 40 to 60 percent of GDP is in export. Still, our 1 percent translates to trillions of dollars coming into the U.S. economy, according to Randy Innis, chair, Nevada District Export … [Read more...] about Connecting the Dots: Nevada’s Place in the Global Economy
Builders and Developers: Bullish on Nevada
Nevada’s skyline is once again changing. Commercial real estate, which saw many projects stalled mid-recession, is finally moving: contractors are hiring and builders are returning. But is there activity across the board in all industry sectors – industrial, office, retail, mixed-use – or are some moving faster than others? Does it spell recovery? Or another boom and bust … [Read more...] about Builders and Developers: Bullish on Nevada
It’s an Investment: Commercial Financing in Nevada
The construction industry continues to be the barometer for the severity of Nevada’s economic plight, but commercial real estate in particular is making enough improvement to spark interest from investors and private parties looking to benefit from the historically low interest rates. This means banks and other real estate lenders are revving up business again. Economic … [Read more...] about It’s an Investment: Commercial Financing in Nevada
Digging up the Debt: Nevada’s Collections Industry
While a noticeable lack of silver in the Silver State has put the pinch on residents and businesses in recent years, one of the few industries to have thrived has been debt collections. As a result of the state’s heavily touted, sky-high unemployment rates, we've seen explosive growth not only in foreclosures but also in household debt. According to Consumer Reports, in … [Read more...] about Digging up the Debt: Nevada’s Collections Industry
Back to Basics: Architects and Engineers in Nevada
It may not usher in the booming economy that Nevadans were basking in just a short decade ago, but architects and engineers around the Silver State say they expect to see the appearance of a light at the end of the recession tunnel this year. “The outlook looks quite good. There was almost a stop in commercial construction and we’re seeing it pick up in almost every aspect,” … [Read more...] about Back to Basics: Architects and Engineers in Nevada
An Industry Revived: Commercial Real Estate in Nevada
Nevada’s commercial real estate market has hit bottom and is recovering, albeit gradually and with some sectors stronger than others, experts said. Due to a confidence that the market is on the upswing, investors and tenants are willing to buy and lease. In fact, brokers completed some sizable deals in 2013, including the sale to Genting Berhad, a Southeast Asia casino … [Read more...] about An Industry Revived: Commercial Real Estate in Nevada
The Role and Responsibilities of State Officers
In Nevada, six constitutional officers comprise the state government’s executive branch. They are the governor, lieutenant governor, attorney general, secretary of state, state treasurer and state controller. All are elected to four-year terms and may serve a maximum of two terms. Next year, Nevadans will vote for all positions but governor. The primary obligation of these … [Read more...] about The Role and Responsibilities of State Officers
Builders & Developers: Resurgence in the Market
Commercial builders and developers in Nevada are moving ahead – not as robustly as they would like, to be sure – with projects in a variety of segments. John Restrepo, the principal of RCG Economics LLC in Las Vegas, has observed that Southern Nevada’s three major commercial markets – industrial, office and retail – are “moderately improving, although the overall numbers and … [Read more...] about Builders & Developers: Resurgence in the Market
In the Black: A Look at Retail in Nevada
Nevada’s retail industry, both from the brokerage and the retailer’s side, is guardedly optimistic. The optimism is driven by general economic indicators coupled with national retailer behaviors and Nevada sales performances in 2012. Let’s Go Shopping When locating stores, retailers look at sales performance in a city. “We’re seeing sales performance continue to increase in … [Read more...] about In the Black: A Look at Retail in Nevada
Heart of Our Cities: A Look at Nevada Downtowns
Downtown is the heart of a city. Traditional wisdom states that a healthy center reflects a healthy community. For a city to thrive and prosper, downtown needs to be a draw for visitors and residents alike. Economically, a robust, vital midtown attracts businesses, which in turn employ residents and pumps money into the economy. A healthy downtown creates sustainability, as … [Read more...] about Heart of Our Cities: A Look at Nevada Downtowns