The past few years saw Nevada multifamily housing demand skyrocket as inbound migration came and the single-family housing market was white hot. The U.S. multifamily market continues to be greatly in need of more units, and while the Las Vegas market has dropped a bit in terms of national markets, Nevada is also in desperate want of more developments. According to the … [Read more...] about Multifamily in Nevada
Features
Conflicting GoalsElectric Vehicles or Biodiversity
"The more pain we are all experiencing from the high price of gas, the more benefit there is for those who can access electric vehicles.” - Pete Buttigieg, US Secretary of Transportation in testimony before the House Transportation and Infrastructure Committee in November. "We’re pleased that the Biden administration is taking this essential step to prevent the extinction of … [Read more...] about Conflicting Goals
Changes AheadA Look at Nevada’s Economic Forecast for 2023
A changing of the guard at the highest level of state government means a potential change in headwinds for the 2023 economic forecast. "You are going to have a Republican [in the] Governor's Mansion, a super majority in the Assembly but not in the Senate, even though the Senate and Assembly are both Democrat controlled," explained Cindy Creighton, president, Nevada … [Read more...] about Changes Ahead
Mergers + AcquisitionsMoving Forward in Nevada
These are unprecedented times. From a recent global pandemic to rising inflation, the uncertainty of the world is being felt in nearly every industry and sector of business. And for those looking to acquire or merge a business, all eyes are, rightly, on current events. Yet, despite rising concerns and challenges, Nevadans are continuing to buy and sell, and business in the … [Read more...] about Mergers + Acquisitions
Industry FocusHealthcare
The healthcare industry is no novice to the spotlight. And while it is no longer burdened by a global pandemic, it is still an industry under fire as it grapples with challenges of access, affordability and maintaining a qualified workforce. Recently, healthcare executives met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss these challenges with … [Read more...] about Industry Focus
A New Design FlowArchitects in Nevada
As the pandemic altered a variety of industries and how people live, work and play, the architecture industry is now making its own adjustments. Industry needs are shifting, work habits are changing and economics are becoming more challenging following two years of a pandemic. While certain aspects of the industry changed, other parts remain the same. “It’s had a … [Read more...] about A New Design Flow
Observations From the Mid-Term Elections
For better or worse, the 2022 election cycle is over. Nevada solidified its position as a “purple” state, not fully Republican and not fully Democrat. The Governor’s office will change hands with Joe Lombardo taking the reins from Steve Sisolak. On the other hand, Senator Cortez Masto held her seat against Adam Laxalt in a hotly contested race that came down to just a handful … [Read more...] about Observations From the Mid-Term Elections
Most Respected Leaders2022
Respect is earned, not given. That phrase holds true when applied to any of those in the inaugural class of Most Respected Leaders. Each of those featured have dedicated themselves to improving Nevada and have earned the respect of those around them. Comprised of decision makers and executives in Nevada, Most Respected Leaders are those that their … [Read more...] about Most Respected Leaders
Medical Education EvolutionThe Making of the Kirk Kerkorian School of Medicine
Medical education in southern Nevada has had a rocky road to fruition, enduring several evolutions to get to where it is today. On seemingly the rockiest path of Nevada’s schools offering medical doctorates, which include Touro University, Roseman University and the UNR School of Medicine, is the Kirk Kerkorian School of Medicine which graduated its first class in … [Read more...] about Medical Education Evolution
Industry FocusAttorneys
The legal landscape in Nevada has undergone significant changes in the past few years. From remote court appearances due to COVID, to issues of poaching employees, compliance and a downward trend of new talent entering the field, adjusting attorney practices has become the norm. To connect and discuss the issues they are facing collectively as an industry, a group of attorneys … [Read more...] about Industry Focus
Business FirstCybersecurity and Protecting Business
Businesses have come a long way in regard to technology. The digital era has changed the modern workplace and with those changes come new concerns for security. High quality, fireproof filing cabinets and locked doors no longer provide sufficient protection for company data. Businesses now must consider the real threat of cybercriminals and the impact that breached data could … [Read more...] about Business First
Back to the OfficeNevada’s Office Market 2022
Nevada's office market was hit hard by the 2008 recession, when often companies expecting to expand instead contracted and downsized their use of office space. Office product was vacated or underutilized. Vacancy rates jumped. New product stood empty. In the last 12 years, there's been very little new product under construction. Fast forward to today, when the office market … [Read more...] about Back to the Office
NAIOP Bus Tour Guidebook2022
Once Upon a Time NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2022 “Once Upon a Time ” Bus Tour. These past several years have been a whirlwind and during that time the Southern Nevada market has continued to grow! We are pleased to report that commercial real estate development continues to remain strong throughout the Las Vegas Valley. During the … [Read more...] about NAIOP Bus Tour Guidebook
Happy ThanksgivingLet’s Reflect on the Season
November has arrived and with it the start of the Holiday season. Pumpkins are everywhere from our drinks to our food and most of us are starting to plan for Thanksgiving and Christmas. I believe it’s important we take a moment to reflect on how Thanksgiving came to be in the United States. And so every few years around this time, I reread President Abraham Lincoln’s … [Read more...] about Happy Thanksgiving
Economic Development in NevadaOpportunities and Obstacles
Economic development has been scaling up in recent years, working to diversify into a more stable state economy. “We work with all the regional development authorities,” said Bob Potts, deputy director, Governor’s Office of Economic Development (GOED). “They get state funding from us, and we contract with them for the scope of work.” GOED works the legislative and policy … [Read more...] about Economic Development in Nevada