Nevada has seen tremendous growth in the past two years with more than 150,000 people becoming Nevadans. As more and more people move into the state it has caused industrial developers to see increased opportunity. More than half of Nevada’s land belongs to the state and is managed by the Bureau of Land Management (BLM). But, in the last decade that amount has gone from 87 … [Read more...] about Space Available?
Features
Southern Nevada CCIMEducation, Expertise, Exceptional Professionals
The Certified Commercial Investment Member–CCIM–designation is a mark of excellence within the commercial real estate industry. “The designation provides you with immediate credibility and access to a national and international network of strong brokers,” said Southern Nevada CCIM president elect and a first vice president with CBRE, Roy Fritz. “It took me four years to get … [Read more...] about Southern Nevada CCIM
Did you hear the one about the attorney that walked into the bar?
Let’s face it, lawyers get a bad rap. There are more attorney jokes than there are about any other profession. They are usually funny, but almost never paint the lawyer in a good light. As with any industry, there are bad actors in the legal field, but the vast majority of attorneys are hard-working, professional, knowledgeable and put the best interest of their clients … [Read more...] about Did you hear the one about the attorney that walked into the bar?
Top Rank Attorneys2023
Top Rank Attorneys (formerly known as Legal Elite) has been featured in Nevada Business Magazine since 2007. The list is comprised of respected attorneys across the state who are voted for inclusion by their peers. Polling for Top Rank began in mid-February of this year and several thousand nominations were submitted. Each attorney that made it on the list not … [Read more...] about Top Rank Attorneys
Charter SchoolsA Voice and a Choice
Since charter schools emerged in the 90s, legislators, educators, parents and communities across the state of Nevada have been working together to ensure student access to a personalized education. And, data suggests that what they are doing is working. What is a Charter? Charters are a concept which dates back centuries. Dr. Kimberly Regan, CEO and founder of … [Read more...] about Charter Schools
Industry FocusEngineers
Foremost on the mind of engineers in Nevada is the industry's workforce. Exacerbated by supply chain issues and an overall challenging field, Nevada engineers are concerned with retaining their team while continuing to grow. Recently, executives representing the engineering industry met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss the … [Read more...] about Industry Focus
Game OnPast Present and Future of Sports in Nevada
The Ghost of Sports Past Deserts are often synonymous with barren wastelands bereft of anything interesting. Anyone who has ever visited Las Vegas or Reno understands that this is not the case with Nevada. Unfortunately, this imagery was partially true for many years when it came to professional sports in Nevada. Aside from several minor league teams, the sports industry in … [Read more...] about Game On
Nevada Governor’s Office of Economic DevelopmentThe Transformation of Nevada
In April of 2020, with all nonessential businesses closed, unemployment in southern Nevada stood at just over 31 percent; in northern Nevada it was more than 18 percent. By December 2020 Las Vegas had dropped to 12.2 percent and Reno to 5.8. Put simply, that is the effect of diversifying the economy, a process that Nevada’s development authorities have built on experience from … [Read more...] about Nevada Governor’s Office of Economic Development
Redefining MoneyIt’s About Government Control
In March of this year, Assemblywoman Shea Backus introduced Assembly Bill 231 (AB231) which proposes updates to The Uniform Commercial Code (UCC). Those “updates” include a change to the definition of money. The bill proposes that money be defined as, “a medium of exchange that is currently authorized or adopted by a domestic or foreign government. The term includes a … [Read more...] about Redefining Money
Power Poll 2023The Roller Coaster Economy
It’s been 20 years since the first “Power Poll” survey was sent to Nevada executives and the world looks very different than it did at the turn of the century. Nevada’s economy wasn’t quite as diversified, the population was growing at a record rate and the state’s housing crisis was just on the horizon. A crystal ball may have helped the Silver State avoid some of the more … [Read more...] about Power Poll 2023
Investing in NevadaUncertain Investments, Potential Payoffs
"Overall, we're in a very fearful time, very uncertain, and people tend to get very concerned and uneasy [about investments] because it's about their future," said Brian Loy, CFA, CFP, Wealthspire Advisors. "Money is emotional. As much as we want to be rational beings and make smart business decisions, at the end of the day, it's emotional." Where Investors Are Parking Their … [Read more...] about Investing in Nevada
Industry FocusBrokers
Commercial real estate (CRE) has seen many interesting shifts in recent years. From reduced office usage to rising industrial rates, brokers have had to become quick to adapt to changing market conditions. Recently, brokerage executives met to discuss their industry and the outlook for CRE in Nevada. Shannon Scholten-Adams, vice president of Nevada Business Magazine, served … [Read more...] about Industry Focus
Entertainment VenuesAdding Hosting to Tourism
For much of Nevada’s history, the state has been a tourist destination. From the time Virginia City was an internationally known hot spot to the modern global sensation that is Las Vegas, visitors have flocked to the Silver State to take in its entertainment. Now, as the COVID-19 pandemic relinquishes its squeeze on tourism across the globe, Nevada’s prime economic driver is … [Read more...] about Entertainment Venues
Nevada Business AwardsRecognizing Excellence
Nevada State Bank Nevada State Bank is proud to be the presenting sponsor of the 2023 Nevada Business Awards, joining with business leaders across the state to recognize and celebrate the accomplishments of outstanding local companies. Each business being honored today is unique, with its own history, its own set of challenges to be overcome and its own list of victories … [Read more...] about Nevada Business Awards
Now Is Not the Time To Raise TaxesSqueezing Water From Stone
A bill in for consideration at the Nevada Legislature, SB96, would raise the annual cap on property taxes. The bill was introduced by the Senate Committee on Revenue and Economic Development and presented by Senator Dina Neal (D). With Nevadans struggling to feed their families and many businesses barely meeting payroll, now is not the time to raise taxes. Currently, there … [Read more...] about Now Is Not the Time To Raise Taxes