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Investing in real estate can be a risky business. Individual investors who bought property in the wrong place and at the wrong time, or saw the real estate market take an unexpected plunge, can attest to the difficulties of this investment. Developers who have tried to line up financing for real estate projects are also affected by the unpredictability of the market. Real … [Read more...] about Real Estate Investment Trusts: What’s Right with REITs?

With money flowing into the state’s coffers since the end of the 2003 legislative sessions, the prevailing view was that the 2005 legislative session would be relatively easy compared to 2003. And generally it was, if you discount the legislative politics of the last 10 days. During that time, a record number of bills were put "on the desk" and more conference committees were … [Read more...] about The 2005 Legislative Session: Some Property Tax Relief Accomplished

In 1877, a group of intrepid nuns made an unplanned stop in Reno on their way from California to Kentucky. When they saw the need to educate the children of miners and farmers, they ditched their Kentucky plans and stayed in Reno to build a school. By 1908, the nuns had gone on to build a hospital for the rapidly growing community. While the Dominican Sisters could not have … [Read more...] about Saint Mary’s Health Network: Still Growing After All These Years

For nearly 18 years, James V. Bradham, Claudine Williams and Kathy Maynor worked together at the American Bank of Commerce. After the bank was purchased in 1997, the trio saw a unique business opportunity. With almost 90years of banking experience between them, they recognized the need to service a rapidly growing customer base throughout Southern Nevada: the small to mid-sized … [Read more...] about Nevada Commerce Bank: Controlled Growth Brings Success

Nevada’s explosive population growth, robust economy and attractive business climate, which includes no franchise, corporate income or capital gains taxes, continue to attract industrial users to the state. Unemployment decreased to 4 percent in the first quarter as industrial-related jobs grew by 12.6 percent, adding 19,200 new positions. Industrial Projects Abound in … [Read more...] about Nevada’s Industrial Market: Geared for Success

For the past three decades, Garry Goett has been one of Nevada’s most prominent developers, transforming raw parcels of land into some of the state’s most sought-after addresses. Communities such as Southern Highlands and the accompanying Southern Highlands Golf Club, both located in Las Vegas, and an upcoming master-planned development in Lincoln County are all products of … [Read more...] about Olympia Land Corporation: Diversifying Development Opportunities

"…nor shall private property be taken for public use, without just compensation." Fifth Amendment to the U.S. Constitution "If people had a clear idea of what this ruling means and how it could affect them, they would riot." Attorney Kermitt L. Waters The city government of New London, Conn. faced a problem shared by many cities: residents and businesses were … [Read more...] about Eminent Domain: Is Anyone’s Property Safe?

United Way of the Great Basin (UWGB) is a non-profit organization that has been serving Northern Nevada communities for the past eight years. In that time UWGB has focused on making positive, lasting changes in the community each year and providing local programs and services for those in need. UWGB collaborates with many other organizations, including local non-profit … [Read more...] about United Way of the Great Basin

How much turnover is too much? Depending on an organization’s location and industry, its turnover rate can be anywhere from 5 percent to over 100 percent. Determining the causes of turnover is critical. If the company does formal exit interviews or asks informally, people often say they are leaving for more money. Because few people leave for less money, the next question … [Read more...] about Employee Turnover: Pay Now or Pay Later

If the 2005 legislative session showed us anything about next year’s race for governor of Nevada, it is that the race to succeed Kenny Guinn is more in flux than ever. Before the Legislature, the gubernatorial field was rather solid: Congressman Jim Gibbons on the Republican side and Assembly Speaker Richard Perkins on the Democratic side. At the time, most experts believed … [Read more...] about The Race for Governor: Contenders Jostle for Position

Richard and Betty Jo Rousey of Berryville, Ark. probably share a lot in common with many couples who have relocated to Nevada over the past years. Both worked for a large company in another state before relocating to their current home. When Richard and Betty Jo left Los Angeles and the large defense contractor with whom they were employed, they were required to take a lump sum … [Read more...] about New Bankruptcy Law: IRAs Now Have Greater Protection

In the ever-changing Nevada business scene, companies are finally acknowledging shifting demographics and the vital role of ethnic diversity in their business strategies. "Corporations have realized minority business is important to the fabric of our state," said Dianne Fontes, president of the Nevada Minority Business Council, which helps mentor minority business people and … [Read more...] about Succeeding Together: Nevada Businesses Embrace Diversity

New residents and businesses are moving to Nevada daily. With the influx comes the need for more services of every description, including legal assistance. Yet the fastest-growing state in the country boasts only about 6,000 lawyers. That means plenty of work for existing Nevada law firms, as well as interest from regional and national firms looking our way. Despite the … [Read more...] about Legally Speaking: A Look at the Legal Profession in Nevada

Imagine you moved into your new house or office building two months ago, you paid the general contractor and life is good – or so you thought. There’s a knock at the door and you are served with a Notice of Lien, also known as a mechanic’s lien, in which a local plumbing company claims it is owed thousands of dollars for the labor and materials supplied to your project. What … [Read more...] about Nevada Construction Liens: Precautions Can Prevent Trouble

Question: What is the state government doing to keep up with the need for more mental-health facilities in Nevada? We are now about a year removed from the mental health crisis that hit Southern Nevada last summer, and in that time I believe the state of Nevada has made great progress in remedying the problem. As many Southern Nevadans remember, in July 2004 Clark County … [Read more...] about Our Fast-Growing State: Meeting its Human Resources Challenges