Dickson Realty Awarded Revitalization Award from Truckee Donner Chamber of Commerce Dickson Realty has been awarded the 2014 large company Revitalization Award from the Truckee Donner Chamber of Commerce in honor of its new 7,048 square foot office building in Truckee. The award recognizes new construction and/or renovation projects that help make Truckee more visually … [Read more...] about Dickson Realty Awarded Revitalization Award
Las Vegas
Industry Focus: Education
Faced with a wealth of challenges, Nevada’s education system has some hurdles to overcome. However, industry leaders recognize the challenges they face and are working to improve the state’s rankings. Recently, those leaders met at the Las Vegas offices of City National Bank to discuss the needs of education. Connie Brennan, publisher of Nevada Business … [Read more...] about Industry Focus: Education
Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady
Volunteers in Medicine of Southern Nevada Hosts Groundbreaking Event for Clinic in Downtown Las Vegas Groundbreaking ceremony for VMSN’s new downtown Las Vegas clinic. Members of the community are invited to attend and receive information about the project. [Read more...] Wells Fargo Invests in Southern Nevada through Las Vegas Global Economic Alliance's 'Engage Southern … [Read more...] about Groundbreaking for Downtown Las Vegas Clinic; Wells Fargo Invests in Southern Nevada; Home Prices Holding Steady
Industry Focus: Alternative Energy
Nevada’s alternative energy sector has seen a plethora of hills and valleys in recent years. From federal funding challenges to educating the general populace about alternative energy, the sector has seen its share of challenges. Recently, executives representing various alternative energy interests throughout the state met at the Reno offices of City National Bank to discuss … [Read more...] about Industry Focus: Alternative Energy
Retail Summary: Fourth Quarter 2012
Las Vegas By the end of 2012, vacancies in the retail sector reached their lowest level since the first quarter of 2009. The vacancy rate ended the year at 9.9 percent, down 0.3 percentage points when compared to last quarter (Q3 2012). Compared to a year ago (Q4 2011) the rate is down an even greater 0.7 percentage points. The latest market activity suggests the retail sector … [Read more...] about Retail Summary: Fourth Quarter 2012
Technology: Wired Up and Ready to Go
With so much of America looking hopefully to the future, the state of Nevada is building it today by taking all the right steps to become a global technology leader in the year ahead. The technology sector in Nevada “has changed so much in five years,” says Dave Archer, President and Chief Executive Officer of the Nevada Center for Entrepreneurs and Technology (NCET), a … [Read more...] about Technology: Wired Up and Ready to Go
Housing Market: Honing in on Homes
With increasing sales and home values, Nevada’s housing market shows signs of recovery and strength not seen in recent years. “We’re on a good path right now,” said Patti Kelley, president of the Nevada Association of Realtors (NAR), a group that provides services to its members and advocates for private property rights. “We’re pulling out of the worst of it and finally … [Read more...] about Housing Market: Honing in on Homes
Office Summary: Fourth Quarter 2012
Las Vegas During the fourth quarter of 2012, the office sector witnessed a quarter-over-quarter increase in vacancy rate. The market-wide vacancy rate for the fourth quarter of 2012 was 25.3 percent, up 0.3 percentage points when compared to the prior quarter (Q3 2012). Over one-fourth of existing office space has now been vacant for five consecutive quarters. For the year, … [Read more...] about Office Summary: Fourth Quarter 2012
Getting There: Transportation in Nevada
Nevada is a hub state, with easy access and distribution from both ends of the state to the Western states. Northern Nevada offers access by roadways, railways and an international airport as well as additional airports in surrounding areas. Southern Nevada offers ground access to Los Angeles, Phoenix, Salt Lake City and points south. The state’s business friendly tax climate … [Read more...] about Getting There: Transportation in Nevada
Architects & Engineers: Creating Opportunities
Nevada’s architects and engineers particularly were hard hit when the state’s residential and commercial real estate activities abruptly stopped and the recession began. Numerous firms downsized their staffs and operations. Economic conditions forced many of these professionals to leave Nevada for available jobs in other states or remain in the Silver State and pursue a … [Read more...] about Architects & Engineers: Creating Opportunities
Industrial Summary: Fourth Quarter 2012
Las Vegas With no completions during the quarter, the industrial market witnessed some increased demand, reporting approximately 32,000 square feet of positive net absorption. However, for the year, absorption remained negative with 243,700 square feet of net move-outs. Average asking rates remained flat at $0.51 per square foot per month for the fourth consecutive quarter. … [Read more...] about Industrial Summary: Fourth Quarter 2012
Economic Development: Critical to Nevada
When it comes to Nevada’s future, economic development is critical. Over the last 12 months, The Silver State has made strides on this front. Among other accomplishments, the Governor’s Office of Economic Development (GOED) hired a leader in November 2011. This spring Gov. Brian Sandoval released “Moving Nevada Forward: A Plan for Excellence in Economic Development … [Read more...] about Economic Development: Critical to Nevada
Joseph R. Ganley: Hutchison & Steffen
Senior Partner Las Vegas Where is the greatest demand for legal services? Trust and estate litigation. Because of aging Baby Boomers and changes in tax laws, vast amounts of wealth are being transferred through these legal vehicles, and with those transfers come disputes. This area of practice is quickly becoming our busiest. We have a full team of lawyers who work on … [Read more...] about Joseph R. Ganley: Hutchison & Steffen
Retail Summary: Third Quarter 2012
Las Vegas While the vacancy rate in the Las Vegas retail sector remains elevated, it posted both consecutive-quarterly and annual declines during the third quarter of 2012. The market reported a vacancy rate of 10.2 percent during the third quarter, down 0.3 percentage points when compared to the prior quarter (Q2 2012). Compared to a year ago (Q3 2011), the vacancy rate … [Read more...] about Retail Summary: Third Quarter 2012
2013 Economic Forecast: Watch for the Wild Card
As the end of 2012 nears, Nevada’s economy continues its gradual recovery, but the unemployment rate remains in the double digits and job creation is slow. What’s in store for the Silver State’s economy in 2013? Experts weighed in on their predictions for the coming year, which primarily are based on the performance of certain indicators this year. However, they said none of … [Read more...] about 2013 Economic Forecast: Watch for the Wild Card