Level Playing Field isn’t the name of a new big-budget film -- but it is the dramatic ending that moviemakers are hoping for in order to bring their production companies to Nevada. And the economic payoff if the state provides that level playing field could well prove to be a blockbuster. While just about anyone can name off the top of his head a bunch of movies filmed … [Read more...] about Filmmaking in Nevada: Lights, Camera, Action!
Las Vegas
Delayed Debt Restructuring Exerts Downward Pressure on Nevada Commercial Real Estate: Tenant-in-Common Properties Generate Drag
Despite slightly improving economic conditions, Nevada’s commercial real estate market continues to face downward pressure as a result of poorly underwritten and grossly overleveraged legacy deals from 2005 to 2007, which are now coming to maturity. This same scenario is playing out in virtually every region across the country. According to data service provider Trepp LLC, U.S. … [Read more...] about Delayed Debt Restructuring Exerts Downward Pressure on Nevada Commercial Real Estate: Tenant-in-Common Properties Generate Drag
Office Summary: Third Quarter 2012
Las Vegas The office sector witnessed a quarter-over-quarter decline in vacancy rates for the first time in two years. During the third quarter of 2012, the vacancy rate fell to 25.2 percent, down 0.4 percentage points compared to the prior quarter (Q2 2012). However, the rate remains 0.3-percentage points higher than a year ago (Q3 2011). The sector reported approximately … [Read more...] about Office Summary: Third Quarter 2012
Young Executives: Nevada’s Future
After finishing graduate school, Nevada resident, Adam Kramer, launched his own business, I Am America, which provided online video content for companies. Four years later, his wife landed an opportunity in Las Vegas, and the couple relocated to the city from Los Angeles. Kramer sold his business and found a job with the Las Vegas Chamber of Commerce as the director of its … [Read more...] about Young Executives: Nevada’s Future
The Trend To Greater Patent Portfolio Awareness Hits The Bottom Line
Savvy businesses today, regardless of their size, are learning they can generate significant value by selling or licensing their portfolio of intellectual property assets, most notably patents. In fact, those that recognize the potential of their patent portfolio are reaping large rewards that make an impact on their balance sheet. While in the past, valuations of patent … [Read more...] about The Trend To Greater Patent Portfolio Awareness Hits The Bottom Line
Positive Changes
Most people rarely, if ever, are forced to deal with life-altering events. As a law firm specializing in personal injury litigation, we deal with tragic life-altering events every day. Every once in a while, however, our law firm is able to not only help our clients make the best out of a life-altering situation, but we are able to effect change; the kind of change that helps … [Read more...] about Positive Changes
Question: Who are the good guys in construction defect lawsuits? Answer: Certainly not the lawyers.
In 1996, I came to Las Vegas, fresh out of law school as a new lawyer, trying to find a job and make a name for myself. With two small children, my wife and I saw Las Vegas as a great opportunity to lay down some roots. We saw Nevada as a great place for a lawyer fresh out of law school to start a career. One of my first projects was the representation of a local stucco … [Read more...] about Question: Who are the good guys in construction defect lawsuits? Answer: Certainly not the lawyers.
Taxpayers Don’t Prevail: Nevada’s prevailing wage law benefits narrow groups at public expense
Imagine you’re a plumber living in Mesquite. For most jobs, you’d probably earn as much as a plumber living in nearby St. George, Utah — $19.67 per hour, on average, according to data from the U.S. Department of Labor. If you can get work on a public works project financed by Clark County or the State of Nevada in your hometown, however, your employer would be required to … [Read more...] about Taxpayers Don’t Prevail: Nevada’s prevailing wage law benefits narrow groups at public expense
Industrial Summary: Third Quarter 2012
Las Vegas The Las Vegas industrial market continues to face a slower pace of market contraction, contributing to increased stability in the overall vacancies. The sector reported a vacancy rate of 18.6 percent during the third quarter of 2012. In the past 12 months, the sector has witnessed 674,500 square feet of negative absorption, an improvement over the negative 1.5 … [Read more...] about Industrial Summary: Third Quarter 2012
See You Next Year in Nevada! Corporate Meetings and Conventions
In 2011, almost 40 million people visited Las Vegas. Of those visitors, nearly 5 million were attending conventions and corporate meetings. In 2011 alone there were 19,029 conventions held in Southern Nevada, according to the Las Vegas Convention and Visitors Authority (LVCVA). In total, Southern Nevada offers about 2.6 million-square-feet in convention and meeting space, and … [Read more...] about See You Next Year in Nevada! Corporate Meetings and Conventions
The Survivors: Builders and Developers in Nevada
The economic downturn in 2007 left both residential and commercial developers and builders in the Silver State scrambling for work. Many were forced to downsize their staffs, and some even closed their doors. “Since 2008, the development business has been a fraction of what it was,” said Doug Kiersey, president of Dermody Properties, a Reno-based industrial … [Read more...] about The Survivors: Builders and Developers in Nevada
Retail Summary: Second Quarter 2012
Las Vegas Vacancies within the retail sector have remained in a relatively tight range during the past three years, suggesting increased stability has emerged within the sector. During the second quarter of 2012, the vacancy rate increased a modest 0.1-percentage point over both the prior quarter (Q1 2012) and prior year (Q2 2011) to 10.5 percent. With no new inventory … [Read more...] about Retail Summary: Second Quarter 2012
Office Summary: Second Quarter 2012
Las Vegas The office sector witnessed an increase in vacancies for the fifth consecutive quarter. The vacancy rate reached 25.6 percent by the mid-point of 2012, up 0.4 percentage points over last quarter. Compared to the same period last year, the vacancy rate reported a more dramatic 1.3 percentage point increase. Approximately 128,000 square feet of new office space … [Read more...] about Office Summary: Second Quarter 2012
Branding: Managing and Defining Your Company’s Image
Every Nevada company, whether a one-man operation or a large corporation, has a brand. The difference is some businesses have defined and continually reinforce theirs whereas others haven’t and don’t. “You’re brand is a living, breathing thing that you work on every day,” said Dave Kirvin, partner at Las Vegas-based Kirvin Doak Communications, which specializes in public … [Read more...] about Branding: Managing and Defining Your Company’s Image
The Green Light: Transportation in Nevada
There remains a good degree of uncertainty in Nevada’s transportation sector but also plenty of determination, innovation and well justified optimism. Money is tight and legislative action often unpredictable, of course. But work on many fronts is proceeding, with a raft of projects being completed, green-lighted or planned in an industry that by its very nature spurs growth … [Read more...] about The Green Light: Transportation in Nevada