During the recession, brokers across the board did what they could to stay busy, from cold calls to out-of-the-box solutions. Nevada’s retail market was no different. Christina Strickland, a CBRE Las Vegas senior associate who specializes in retail, no longer has to make cold calls to drum up business like she did during the recession. Now, she’s receiving calls, in abundance, … [Read more...] about Nevada’s Retail Industry: Going Strong, Evolving
Features
Industry Focus: Education
Education has long been a hot-button issue in Nevada, oftentimes because of a negative perception. Recently, executives representing education in Nevada met at the Las Vegas office of City National Bank to discuss this perception, the challenges the state faces and solutions moving forward. Connie Brennan, publisher and CEO of Nevada Business Magazine, served as moderator … [Read more...] about Industry Focus: Education
“More Taxes!” – The Teacher Union’s Solution to Education
In 2015, Nevada’s Legislature passed the largest one-time tax increase in Nevada history, $1.2 billion of which was, ostensibly, to boost education funding. Despite the fact that the commerce tax was rejected by voters the previous year, the Legislature and Nevada’s elected leaders chose to unilaterally “fix” education by passing the large tax package. This forced Nevada … [Read more...] about “More Taxes!” – The Teacher Union’s Solution to Education
The Drive: Automobiles in Nevada
Automobile sales in Nevada are following the national trend of keeping steady after years of growth. Following seven years of steady, and at times rapid, increases in sales, volume is beginning to flatline and the future is uncertain, according to multiple car dealership executives in Nevada. In the previous eight years, new car sales had grown by an average of 5 percent … [Read more...] about The Drive: Automobiles in Nevada
Medical Education in Nevada: Progress Made, Long Way to Go
Great strides in expanding medical education in Nevada have been made in the past few years. Yet the effects have been minimal so far and won’t kick in until years in the future. In addition, much more work needs to be done, experts said. “[Medical education] is improved and has a long way to go,” said Shelley Berkley, CEO and senior provost of Touro University’s … [Read more...] about Medical Education in Nevada: Progress Made, Long Way to Go
Industry Focus: CPAs
An asset to any business, CPAs and accountants have a multitude of challenges when it comes to staying on top of new laws and advising their clients. Recently, executives representing this industry met at the Las Vegas office of City National Bank to talk about the changes they’ve seen recently and what is on the horizon. Connie Brennan, publisher and CEO of … [Read more...] about Industry Focus: CPAs
Legal Opinions 2018: Expert Knowledge for Nevada Businesses
Legal Opinions, a Nevada Business Magazine feature for the past seven years, is a compilation of expert knowledge on a variety of topics. Written by attorneys, all of whom are highly educated on their featured topic, this special report is a one-stop resource for executives. Articles in the 2018 edition of Legal Opinions range from marijuana to private equity and healthcare. … [Read more...] about Legal Opinions 2018: Expert Knowledge for Nevada Businesses
CRE Financing: Evolving with Nevada’s Economy
A tremendous number of loans for commercial real estate (CRE) projects are being sourced and approved in Nevada in what’s described as a robust market being driven by industrial and multi-family properties. “We are seeing a good deal of industrial, including build-to-suit industrial and even some spec type industrial, and we’re seeing a lot of multi-family [apartments] and … [Read more...] about CRE Financing: Evolving with Nevada’s Economy
Time to Drain the LVCVA Swamp
If you caught an employee using company funds for personal use, would you pay him to retire, give him a fat performance bonus and let him continue working for you as a highly paid consultant? Not in a million years. Yet, that’s exactly what the Las Vegas Convention and Visitors Authority (LVCVA) has done with CEO Rossi Ralenkotter, who recently received a retirement package … [Read more...] about Time to Drain the LVCVA Swamp
How We Stack Up 2018
Each year, Nevada Business Magazine collects data comparing Nevada to other states and to past years, tracking economic cycles and delivering a snapshot of what it’s like to live in the Silver State. In the first edition 12 years ago, Nevada was riding high economically, with 4 percent unemployment and the challenge of finding enough workers to fill available positions. Then … [Read more...] about How We Stack Up 2018
Guarding Business: Cybersecurity in Nevada
Earlier this year, the malware program VPNFilter infected hundreds of thousands of office and home routers and networked devices around the world. The cities of Atlanta and Baltimore experienced ransomware attacks, the latter causing the 911 dispatch system to be offline for 17 hours. Confidential data were breached at numerous companies—Adidas, Dignity Health, Honda, LabCorp, … [Read more...] about Guarding Business: Cybersecurity in Nevada
Industry Focus: Bankers
An industry that saw major changes and new regulations after the recession hit, banking has endured a host of ups and downs. Currently in an upswing, the industry is cautious and working toward smart growth. Recently, banking executives met at the Las Vegas offices of City National Bank to discuss banking and talk about some of the changes they’re seeing. Connie Brennan, … [Read more...] about Industry Focus: Bankers
Thirteenth Annual Healthcare Heroes
LEGACY The first and longest running program of its kind in Nevada, Healthcare Heroes was born in 2006 with 10 categories and a seemingly endless supply of nominees. Since the beginning, Healthcare Heroes has been a catalyst to help grow healthcare in the Silver State. Taking the idea of contributing to healthcare a step further, the Healthcare Heroes scholarship … [Read more...] about Thirteenth Annual Healthcare Heroes
Commercial Property Management: Changing and Adapting with Nevada’s Economy
All three commercial real estate sectors – industrial, retail and office – are growing in Nevada, though at different speeds by sector and geography. Industrial is driving the growth, office is still lagging but beginning to grow and retail is returning as the economy continues to recover. Commercial real estate sectors might be experiencing growth, but investors, businesses … [Read more...] about Commercial Property Management: Changing and Adapting with Nevada’s Economy
What Does PERS Have to Hide? Over $1.8 Billion of Public Money Each Year
Nevada’s Public Employee Retirement Systems (PERS) has a history of protecting their data and blocking the public’s access to information, even though the public (you and I) are footing the hefty bill of almost $2 billion a year. That’s more than 10 percent of state and local government’s combined own-source revenue, and the second highest percentage in the nation. It’s bad … [Read more...] about What Does PERS Have to Hide? Over $1.8 Billion of Public Money Each Year