According to analysts, Nevada’s economy will continue to show improvement in 2016, but with a few new wrinkles thrown in. Rising wages will mean more disposable income, which in turn boosts consumer spending. Job creation, described as the single best indicator of economic growth, is expected to add more than 52,000 workers to company payrolls this year, according to the Nevada … [Read more...] about Economic Forecast 2016: Increasing Stability and Growth
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Industry Focus: Technology
Although there are challenges facing the technology industry in Nevada, leaders are working to grow the field in the Silver State and attract larger tech companies, foster startups and support STEM education. Recently, technology experts met at the Las Vegas office of City National Bank to discuss these challenge and opportunities. Connie Brennan, publisher of Nevada … [Read more...] about Industry Focus: Technology
The New Generation of Las Vegas Legal Space: Commercial Real Estate by Industry
The legal industry is facing a fundamental priority shift that is impacting how law firms look at everything from their investment in technology to how their office spaces are designed. At the heart of this shift are the disparate attitudes and preferences between the generations that are currently in the workforce. The up and coming millennial generation has its own … [Read more...] about The New Generation of Las Vegas Legal Space: Commercial Real Estate by Industry
Around the State: January 2016
RTC Introduces Yellow Dot Program The Regional Transportation Commission of Southern Nevada (RTC) has unveiled the Nevada Yellow Dot program. The program is a traffic safety initiative which incorporates a simple yellow dot window decal to alert first responders to critical medical information in order to improve emergency care for those involved in vehicle crashes or who … [Read more...] about Around the State: January 2016
Movers & Shakers: Ryan Stibor
Managing Attorney Davis Stibor “Just dive in, you’ll only learn through doing.” Type of Business: Law Firm | Hails from: Las Vegas | 8 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? I entered my profession at a San Diego law firm practicing real estate syndication. Then, I moved back to Las Vegas to co-develop and … [Read more...] about Movers & Shakers: Ryan Stibor
Welcome to Nevada: January 2016
A new column for 2016, Welcome to Nevada will highlight some of the state’s newest companies. With a goal of celebrating economic development achievements and the diversification of the Silver State’s economy, the editorial staff at Nevada Business Magazine will publish some of the new companies that have relocated or started in the state and feature them in the Welcome to … [Read more...] about Welcome to Nevada: January 2016
Retail Market: Nevada’s Retail Shows Slow, Steady Improvement
The retail component of Nevada’s commercial real estate industry continues to recover, with vacancy rates slowly dropping. Southern Nevada In the Silver State’s southern region, the retail sector shows “moderate recovery,” said John Restrepo, principal of RCG Economics, a Las Vegas-based firm providing market trend analysis and economic research. Lower gas prices have left … [Read more...] about Retail Market: Nevada’s Retail Shows Slow, Steady Improvement
Red Report: January 2016
E Sale, Retail ADDRESS 1201 – 1240 E. Charleston Blvd., 89104 BUYER Downtown Rental, Inc. SELLER US Bank National Association DETAILS 27,402 SF; $2,250,000 APN 139-34-814-001 REP (BOTH) Wil Chaffee and Paul Chaffee of NAI Vegas Sale, Land ADDRESS 5366 Stephanie St., 89122 BUYER Oxford Investment Partner, LLC SELLER CRV Classic Properties, LP DETAILS 1.66 acres; … [Read more...] about Red Report: January 2016
Retail Summary: Third Quarter 2015
Southern Nevada The Las Vegas Valley anchored retail vacancy rate dropped slightly to 11.4 percent in Q3, 2015. At the end of Q3, vacancy rates ranged from 9.3 percent in power centers to 13.2 percent in neighborhood centers. With the retail market just above the 10 percent stabilized rate and taxable retail sales at all-time highs, the Valley’s anchored market remains fairly … [Read more...] about Retail Summary: Third Quarter 2015
Business Indicators: January 2016
The second estimate for U.S. real gross domestic product (GDP) for the third quarter of 2015 reports a 2.1 percent annualized growth rate, revised up from 1.5 percent in the first estimate. The revision mostly reflected higher levels of inventory investment in the private sector, while consumer spending and net exports were revised downward. Strong consumer spending still … [Read more...] about Business Indicators: January 2016
What is your New Year’s resolution?
“Ricky Gervais said it best, ‘I want to keep working out so that I can eat more cheese and drink more wine!’ But I also want to spend less time on my phone and more time connecting with those around me.” Jessica Rabbo | Owner, Core Studios “My New Year’s Resolution is to have more fun with my family, lower my carbon footprint, help my clients’ develop and implement their … [Read more...] about What is your New Year’s resolution?
Youth Homelessness is Topic for Brazen Architecture’s BRAZENconversations on January 8, 2016
BRAZENarchitecture’s quarterly BRAZENconversations community discussion series is focusing on youth homelessness January 8. Facilitated by citizen architect, Monica Gresser, principal of the downtown-based BRAZENarchitecture, BRAZENconversations is a series of discussions on social topics affecting the southern Nevada community. “Surviving on the Street: Why Does Las … [Read more...] about Youth Homelessness is Topic for Brazen Architecture’s BRAZENconversations on January 8, 2016
PT’s Brewing Company Hosting Job Fair
LAS VEGAS – PT’s Entertainment Group (PTEG), a division of Golden Entertainment, Inc. (NASDAQ:GDEN) and the largest traditional tavern gaming operator in Nevada, is holding a job fair Jan. 5 and 6 to staff its new PT’s Brewing Company. The job fair will be held on Tuesday, Jan. 5, from 10 a.m. to 3 p.m. and on Wednesday, Jan. 6, from 2 p.m. to 6 p.m. at the company’s Golden … [Read more...] about PT’s Brewing Company Hosting Job Fair
The 2015 Las Vegas Top Tech Exec Awards Announces Scott Seegmiller as the Top Technology Leader of 2015
Scott Seegmiller, CFO of WestCorp Management Group, was recognized as a top technology leader in the 2015 Las Vegas Top Tech Exec Awards. The program, sponsored by VEGAS INC Magazine and Cox Communications, recognizes southern Nevada business executives driving technological advances in their industries. “Scott is known in the property management industry as one of its … [Read more...] about The 2015 Las Vegas Top Tech Exec Awards Announces Scott Seegmiller as the Top Technology Leader of 2015
Colliers International | Las Vegas Updates Dec. 28, 2015
LAS VEGAS – Colliers International – Las Vegas announced the finalization of the following sale to Veneto Sorrento GP LLC. The 236 unit/approximately 11.40 acre multi-family complex is called Casa Sorrento and is located at 3580 E. Alexander Road in Las Vegas. The transaction value was $13,750,000. Tom Naseef, CCIM, SIOR, Jeff Naseef and Garry Cuff, CCIM of Colliers … [Read more...] about Colliers International | Las Vegas Updates Dec. 28, 2015