Weighing the benefits of leasing or owning real estate is important for any business, but Nevada real estate professionals said there’s no definitive answer to which option is best. Both leasing and owning real estate offers businesses advantages and disadvantages and the decision of which route to take is up to the leadership at each company, said Jeff Jenkins, executive … [Read more...] about Weighing The Options: Owning Versus Leasing Commercial Real Estate
Features
Commerce Tax Repeal: The Process Begins
Passed during the 2015 legislative session in Nevada, the Commerce Tax, or Senate Bill 483, has been a sore spot for business owners over the past two years. It’s a frustrating tax for several reasons, not the least of which is, the year before, Nevadans voted against a similar tax only to have the legislature push it through the very next year despite majority wishes. Now, … [Read more...] about Commerce Tax Repeal: The Process Begins
The Succession Plan: An Often Overlooked Necessity
When asked the significance of a company succession plan, experts were united when they explained the absolute necessity of a good plan. “[Succession planning] may be the most important thing for a business and it is for sure the thing that is done less well,” said Carl Rowe, founder and senior consultant of Clarity Advisors to Management, which provides solutions to … [Read more...] about The Succession Plan: An Often Overlooked Necessity
Credit Unions: The Growth of Financial Cooperatives
Even in an era filled with bright economic statistics, the mid-year report from the Credit Union League of Nevada stood out. The industry group reported that credit union deposits in Southern Nevada rose by 8 percent year-over-year while total loans were up 10 percent. In booming Northern Nevada, mid-year deposits rose 12 percent over year-earlier numbers and loans … [Read more...] about Credit Unions: The Growth of Financial Cooperatives
Industry Focus: Marketing
Marketing agencies in the Silver State are adapting to rapid changes within their industry to meet client expectations. Recently, Nevada leaders in advertising and public relations met at the Las Vegas offices of City National Bank to share new and changing trends and how they affect the industry. Connie Brennan, publisher and CEO of Nevada Business Magazine, served as … [Read more...] about Industry Focus: Marketing
Inspiring Growth: Henderson’s Chamber of Commerce
Henderson, Nevada, is located 16 miles from Las Vegas. It’s Nevada’s second largest city with a population close to 293,000 and is located near Lake Mead and the Sloan Canyon National Conservation Area. Henderson has a vibrant, walkable downtown, a healthy tech industry and a Chamber of Commerce with history. That history is shaping the city’s future and Henderson is … [Read more...] about Inspiring Growth: Henderson’s Chamber of Commerce
Nevada Subcontractors: Plenty of Work, Not Enough Workers
“I started working for our family business in 1973 and we’ve been through a lot of recessions, but none as long as the one that began in 2007,” said Bart Hiatt, president and general manager of A&K Earth Movers, Inc. “Our gross sales went from $50 million a year to less than $25 million. Although we had enough cash reserves to keep the doors open and hold onto our … [Read more...] about Nevada Subcontractors: Plenty of Work, Not Enough Workers
Thanksgiving’s True Origins: Its Not About Pilgrims and Indians
Most Americans are taught in grade school that Thanksgiving is about pilgrims landing on our shores and Indians sharing their bounty. However, Thanksgiving was not a holiday and we didn’t start celebrating until many years later when President Abraham Lincoln made the following proclamation during the Civil War. Thanksgiving Proclamation It is the duty of nations as well as … [Read more...] about Thanksgiving’s True Origins: Its Not About Pilgrims and Indians
Transformers: Retailers Change Tactics
To attract a new generation of shoppers and keep up with competition from online retailers, Nevada shopping malls are transforming into “mixed-use lifestyle centers” and encouraging their tenants to profit from online shopping instead of fighting it. Their tactics seem to be working, as mall owners report record numbers of shoppers and few vacancies. Malls’ success … [Read more...] about Transformers: Retailers Change Tactics
Generation Innovation: Technology Advances Nevada Economy
New, existing and relocating technology companies are making Nevada home in both metro and rural areas, bringing innovation across the board. So far, specific technology clusters have not developed. Nevada is seeing everything from bioscience to construction and telecommunications to entertainment. “In a lot of cities you have a sector that’s doing well or a place where it’s … [Read more...] about Generation Innovation: Technology Advances Nevada Economy
NAIOP 2017 Greatest Show on Earth Bus Tour Event
NAIOP Southern Nevada’s Bus Tour Committee is pleased to present the 2017 “Greatest Show on Earth” Bus Tour Event. Coming off of a very successful bus tour in 2016, our chapter is getting back on the buses to tour the future of commercial real estate in Southern Nevada. We are full steam ahead into a new development cycle where enterprising NAIOP developers are … [Read more...] about NAIOP 2017 Greatest Show on Earth Bus Tour Event
Industry Focus: Public Works & Utilities
Advancing technologies and shifting consumer expectations are driving changes within the utilities and public works sectors. With those changes come potential opportunities for the future of Nevada and its growing population. Recently, leaders in these industries met at the Las Vegas office of City National Bank to discuss current operations and projects on the … [Read more...] about Industry Focus: Public Works & Utilities
Today’s World of Brokerage: What to Know
Larry Singer’s team at Newmark Knight Frank (NKF) has provided services to Ainsworth Game Technology Ltd. for years. First, the commercial real estate brokerage located a Las Vegas site for this gaming machines manufacturer and supplier’s 300,000 square-foot North American headquarters then helped them acquire, through auction, an additional 5-acre parcel from Clark County to … [Read more...] about Today’s World of Brokerage: What to Know
The Axe that Never Fell: Overtime Rule Permanently Invalidated
Last year, business owners across Nevada were facing a serious challenge to employee compensation in the form of changes to the overtime rule. As it stands now, overtime is required for any employee working over 40 hours but provides an exemption for executive, administrative or professional employees. The law is part of the Fair Labor Standards Act and the Department of Labor … [Read more...] about The Axe that Never Fell: Overtime Rule Permanently Invalidated
Nevada Strong: The Impact Of The Armed Forces In The Silver State
The U.S. Armed Forces are doing work in Nevada that’s critical to the defense and security of the nation and the state — training pilots, testing drones, fighting overseas remotely, storing munitions and helping battle fires, to name a handful. The numerous installations throughout the Silver State — those of the National Guard, Air Force, Navy, and Army — contribute to the … [Read more...] about Nevada Strong: The Impact Of The Armed Forces In The Silver State