After Nevada’s economic downturn and resulting real estate crash had begun, Cindy Santilena, a Las Vegas commercial real estate lender for small businesses and entrepreneurs, was looking for a way to highlight herself and her company when working with other industry professionals during a struggling, competitive market. She decided to pursue a CCIM, a prestigious certified … [Read more...] about CCIM: Join the Club
Las Vegas business
Nevada Real Estate & Development Report: July 2014
E Sale, Multi-Family ADDRESS 1401 N. Lamb Blvd., 89110 BUYER Masuda Family Trust SELLER Brooksone Apartments, LLC DETAILS 193 units; $10,550,000 APN 140-29-101-019 SELLER’S REP Patrick J. Sauter and Art Carll of NAI Vegas The Sauter Multifamily Group H Sale, Multi-Family ADDRESS 1651 American Pacific Dr., 89074 BUYER Hamilton Zanze & Company SELLER The Calida … [Read more...] about Nevada Real Estate & Development Report: July 2014
Wage Insurers, Enforcers and a General Contractor’s Role
In 1931, the Nevada Legislature enacted a statute that made general contractors (GC) liable for the labor-related debt of their subcontractors. This statute, now codified as NRS 608.150, was set up to protect Hoover Dam workers to make sure they were properly compensated for their work. The statute ensures payment of not only wages, but also benefits. The legislature imposed … [Read more...] about Wage Insurers, Enforcers and a General Contractor’s Role
‘Reading Rainbow’ Not Just About Books: One-Time Children’s Show Teaches About Free Markets
Ask people in today’s workforce about “Reading Rainbow” and they’re likely to have either been viewers themselves or raised children who reaped its educative benefits. For over a quarter century, the publicly funded television show worked to instill a love of reading within countless children, but in 2009, the show was abruptly canceled by PBS. While big-government … [Read more...] about ‘Reading Rainbow’ Not Just About Books: One-Time Children’s Show Teaches About Free Markets
July 2014: Around the State
MountainView Hospital and UNSOM Collaborate on Expanded Medical Education Program In an effort to increase the number of physicians serving in Southern Nevada, MoutainView Hospital and the University of Nevada School of Medicine (UNSOM) have agreed to work toward the development of an expanded Graduate Medical Education (GME) program based at MountainView Hospital. The GME … [Read more...] about July 2014: Around the State
Court of Appeals: Timely Justice to Nevadans and their Businesses
Nevada’s Supreme Court has been overburdened for decades as it struggles to provide the public with speedy access to justice in the face of an ever growing population. The increasing backlog of cases is prolonging justice in Nevada. Currently, 56 percent of all appeals require more than six months to be heard, with 29 percent taking more than one year. As a consequence justice … [Read more...] about Court of Appeals: Timely Justice to Nevadans and their Businesses
Saint Mary’s Regional Medical Center: Established in 1877
Saint Mary’s began its legacy of caring for the community in 1877, when a few Dominican Sisters made an unplanned stop in Reno, on their journey from California to Kentucky. The Sisters stayed in Reno and built Mount Saint Mary’s Academy to bring education to the children of farmers and miners in the area. The academy would eventually become Sisters’ Hospital, as the rapidly … [Read more...] about Saint Mary’s Regional Medical Center: Established in 1877
Retail Summary: First Quarter 2014
Southern Nevada The Las Vegas retail market continued to witness increased demand in the first quarter of 2014 as the sector reported positive net absorption for the fourth consecutive quarter. The retail market vacancy rate fell to 9.0 percent by the end of the first quarter, which is down 0.1 percentage point from the prior period. Compared to a year ago, the vacancy rate is … [Read more...] about Retail Summary: First Quarter 2014
Business Indicators: July 2014
The “second” estimate for first quarter 2014 shows U.S. real gross domestic product decreasing at an annualized rate of 1.0 percent, lower than the positive 0.1 percent growth first reported. U.S. nonfarm employment experienced gains in May, adding 217,000 jobs over April. The unemployment rate remained constant at 6.3 percent, as labor force participation increased. Housing … [Read more...] about Business Indicators: July 2014
What is your favorite charity?
“Candlelighters of Southern Nevada is special to me because of the support, education, hope and advocacy they provide families of children with cancer. It’s important for these families to know they are not alone and that someone cares.” Justin Brown | Vice President Regulatory Affairs, Southwest Gas “My most compassionate feelings go out to the single-parent homeless. Our … [Read more...] about What is your favorite charity?
Investing in this Economy
Nevada business owners and executives can feel good they are in a state that is growing again and in an economy that is expanding. As the economy continues to grind its way upward, a potential tailwind for stocks might be a great rotation out of bonds and into equities. The makings of this new trend began in 2013 but not on a grand scale. If corporate earnings can keep up … [Read more...] about Investing in this Economy
Alternative Energy Projects: Who Pays for These Boondoggles?
Work is almost completed on the Crescent Dunes Solar Energy Project, located near Tonopah. The developers had received a $737 million loan guarantee from the U.S. Department of Energy, so if the project fails like Solyndra did, taxpayers will be on the hook for all that money. Even if we don’t have to ultimately make good on the loan, we’ll still be paying for it in lots of … [Read more...] about Alternative Energy Projects: Who Pays for These Boondoggles?
Legal Elite 2014: Nevada’s Top Attorneys
This year’s Legal Elite polling garnered 6,454 nominations of attorneys from across the Silver State. This annual list highlights Nevada’s top attorneys as chosen by their peers. All votes are based on nominations from other attorneys and the following pages highlight the top vote getters in Northern Nevada, Southern Nevada, the Best Up and Coming attorneys and the top 10 … [Read more...] about Legal Elite 2014: Nevada’s Top Attorneys
A Future of Change: Economic Development
Nevada, because of its narrow focus on three industries, was devastated by the recession and eventually led the nation in foreclosures and unemployment. As both the director of the Governor’s Office of Economic Development (GOED) and a resident of Nevada, Steve Hill believes there is a rising wave of economic development diversifying an outdated and vulnerable economy built on … [Read more...] about A Future of Change: Economic Development
Industry Focus: Technology
Technology continues to be one of the fastest growing industries in today’s world, showing no signs of slowing down. Recently, executives representing technology and communication companies across the state met at the Las Vegas offices of Gordon Silver to discuss the challenges of their industry as options and demands become more complex. Connie Brennan, publisher of Nevada … [Read more...] about Industry Focus: Technology