When the COVID-19 quarantine closed nonessential businesses, Nevada employers, used to traditional businesses with staff working on the jobsite, found themselves, overnight, with remote workers. Along with that, there was a sudden need for technology to support communications between employees, employers, and the technology they rely on. Communications during the … [Read more...] about Making Connections
COVID-19
Daunting ChallengesMedical Education in Nevada
Learning that their state continues to provide far too few doctors, nurses and other medical professionals to serve its fast-growing population, Nevadans sometimes ask Debera Thomas why she doesn’t simply add more classes at the Orvis School of Nursing at the University of Nevada, Reno. If only it were so easy. Thomas, dean of the Orvis School, and her peers in medical … [Read more...] about Daunting Challenges
Industry FocusAttorneys
Nevada attorneys are at the forefront of many issues, from litigating court cases to helping businesses navigate these trying times. Recently, attorneys across the Silver State met in a virtual roundtable, sponsored by City National Bank, to discuss their industry and what the future holds. Connie Brennan, publisher and CEO of Nevada Business Magazine, served as … [Read more...] about Industry Focus
Luxury DemandOpulent Homes Selling in Nevada
Recently, a home in MacDonald Highlands in Henderson sold for $5.35 million. While significantly higher than the median sale price, it’s representative of a typical transaction these days, according to real estate brokers and developers in Nevada. What was unusual about this particular deal was that the 80-year-old retiree in Florida who purchased the home conducted the … [Read more...] about Luxury Demand
The Future Belongs to the Entrepreneurs
Thanks to the rise of the “gig economy” and a growing disinterest among young workers for the traditional nine-to-five day job, the way Americans think about work was evolving even before the chaos of the coronavirus shutdowns. The events of 2020, and the massive economic disruptions it has brought, has only further accelerated this trend—which could actually be good news for … [Read more...] about The Future Belongs to the Entrepreneurs
Around the StateDecember 2020
Unclaimed Property Returned to Nevadans The Nevada State Treasurer’s office has announced $28.5 million in unclaimed property has been returned to Nevadans during the COVID-19 pandemic. In the early weeks of the pandemic, the Treasurer’s office worked with the Department of Employment, Training and Rehabilitation (DETR) to develop a program designed to connect individuals … [Read more...] about Around the State
Commercial RE ReportOffice Summary: Third Quarter 2020
Northern Nevada By Colliers | Reno Reno/Sparks saw office vacancy increase in the third quarter of 2020 to 10.8 percent as net absorption turned negative. There were no new completions of office space during the quarter. The average asking rate for office space increased slightly, to $1.84 per square foot (PSF) on a full-service gross (FSG) basis from $1.83 in the second … [Read more...] about Commercial RE Report
Business IndicatorsDecember 2020
The “advance” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2020 jumped by a best-ever 33.1 percent at an annual rate, after a worst-ever decline of 31.4 percent in the previous quarter. U.S. nonfarm employment experienced a stronger-than-expected gain, adding 638,000 jobs in October. Retail sales in September rose robustly by 5.4 percent from last … [Read more...] about Business Indicators
Last WordHow Have you Adjusted your Holiday Traditions in Light of the Pandemic?
Tennille Pereira DirectorVegas Strong Resiliency Center “Decorating early and focusing on all I have to be thankful for will be a welcome change. Holiday shopping will be exclusively online, and I will finally get to impress with my COVID baking skills.” Deacon Tom Roberts President and CEOCatholic Charities of Southern Nevada “This year we’ve had to shift … [Read more...] about Last Word
OPD5 Announces Temporary Office Closure Due to COVID-19
OPD5 has announced the temporary closure of both the Overton and Mesquite offices in order to help mitigate the spread of COVID-19. Beginning Monday, Nov. 30, OPD5 will close public access to its offices and facilities and plans to reopen Monday, Dec. 14. Customers who have essential business needs that cannot be conducted electronically, such as new customers signing up for … [Read more...] about OPD5 Announces Temporary Office Closure Due to COVID-19
The Possibilities of Rural NevadaEconomics Before, During and After the Pandemic
According to the U.S. Census, places with populations greater than 2,500 and less than 50,000 are deemed rural. Based on information from the last Census, in 2010 Nevada ranked third in states that had the largest rural populations. Nevada’s rural population made up 5.8 percent of the whole. Rural Nevada often doesn’t get as much media attention as metro counties Clark and … [Read more...] about The Possibilities of Rural Nevada
Industry FocusEducation
Education in Nevada right now is going through a trial by fire as teachers and administrators try to find the best way to continue teaching amidst a pandemic. From distance learning to increased gaps in student needs, 2020 has been a challenging year for educators. Recently, leaders in education met in a virtual roundtable, sponsored by City National Bank, to discuss their … [Read more...] about Industry Focus
The Election Won’t Fix What’s Wrong with 2020
Mercifully, 2020 will soon be over. Given the way this year has been a non-stop exhibition of cultural, social and political crises, it’s tempting to think that maybe after the election things will begin to calm down. It’s a nice thought… but it’s one that is largely divorced from reality. The truth is, from the coronavirus to the social unrest we’ve seen in 2020, the … [Read more...] about The Election Won’t Fix What’s Wrong with 2020
Who to Hire in the COVID Era
It is clear that the hiring landscape has shifted immensely in a matter of months. According to data from the Pew Research Center, the rise in the number of unemployed workers due to COVID-19 is substantially greater than that of the Great Recession. As some businesses look to expand and others simply attempt to rebuild their workforce, employers may find the inflated hiring … [Read more...] about Who to Hire in the COVID Era
Commercial RE ReportIndustrial Summary: Third Quarter 2020
Northern Nevada By CBRE Reno The northern Nevada industrial market has been resilient in the wake of the COVID-19 pandemic as market fundamentals remained strong in Q3 2020. After impressive net absorption totals in the second quarter, Q3 posted healthy figures with 855,106 square feet of positive net absorption, pushing the year-to-date net absorption total past 3 … [Read more...] about Commercial RE Report