Las Vegas The office sector in the Las Vegas valley continues to show signs of weakness as approximately one fourth of total inventory remains vacant across the valley. The vacancy rate reached yet another all-time high at 25.2 percent (12.8 million square feet) by the close of the third quarter of 2011. On a year-over-year basis, the vacancy rate has increased 1.5 … [Read more...] about Office Summary: Third Quarter 2011
Nevada business
December 2011: Business Indicators
According to initial data, U.S. real GDP grew at an annualized rate of 2.5 percent during third quarter 2011, which is up considerably from the second quarter estimate of 1.3 percent. Third quarter growth was the strongest seen since third quarter 2010, but U.S. real GDP remains 6.7 percent below potential. U.S. nonfarm employment rose by 80,000 jobs in October. The … [Read more...] about December 2011: Business Indicators
What are your hopes for the New Year?
“My hope for the New Year is that the thousands of families in this community with mothers and fathers that are willing and able to work find jobs. I also hope that our state legislators and governor strive to find common ground working for the future of this great state and put aside their personal agendas.” Bob Anderson • Partner, Holland & Hart “An improving … [Read more...] about What are your hopes for the New Year?
The Green Movement: Thinking Green
Is the hobbled and largely stagnant economy pushing companies nationwide and in Nevada to become greener? Well, yes, if they can cut costs by being more energy efficient and recycling. And, well, no if it means having to submit to government arm twisting to use new processes and technologies that raise rather than lower costs. “There are two sides to the answer, which go … [Read more...] about The Green Movement: Thinking Green
Office Space: Embrace the Positivity
In its third year of being depressed, Nevada’s office space market continues to experience high vacancy rates, lease rates comparable to ones ten years ago, several distressed properties, no new construction and few sales. However, some activity is taking place, positive signs of a stabilizing market. In Southern Nevada, office space is “bottoming out, sluggish but also … [Read more...] about Office Space: Embrace the Positivity
November 2011: Around the State
Nevada Receives Federal Grant to Support Small Business Exports The State of Nevada has received a $239,318 Small Business Administration (SBA) grant through the State Trade and Export Promotion (STEP) Pilot Grant Initiative. The grant is expected to stimulate and strengthen Nevada’s global trade and will be administered by Nevada’s Office of Economic Development with the … [Read more...] about November 2011: Around the State
B.C. LeDoux: The Glenn Group
President/Creative Director Las Vegas & Reno Number of Employees: 36 Years in Nevada: 42 Years with Company: 11 How did you first get into your profession? When I was going to the journalism school at UNR, I got a copywriting internship with our company and never left. That’s pretty rare for someone from my generation, but I take a lot of pride in having played a … [Read more...] about B.C. LeDoux: The Glenn Group
Industrial Summary: Third Quarter 2011
Las Vegas The Las Vegas Valley industrial market continued to show signs of weakness although the sector reported a decline in the vacancy rate during the past three months. The vacancy rate retreated slightly to 18.0 percent as 145,800 square feet of positive net absorption was reported during the third quarter. The current quarter is a turn-around from the prior ten … [Read more...] about Industrial Summary: Third Quarter 2011
November 2011: Business Indicators
According to revised data, U.S. real GDP grew at an annualized rate of 1.3 percent during second quarter 2011, up somewhat from the first quarter estimate of 0.4 percent. Both figures are well below the 2.3 percent annualized growth rate posted in fourth quarter 2010. U.S. nonfarm employment rose by 103,000 jobs in September, which was only enough to keep the U.S. … [Read more...] about November 2011: Business Indicators
What do you think is the greatest invention of our time?
“The iPhone – From an organizational standpoint (keeping one organized), ease of use and ability to have a record of your life, pictures, etc., it is by far the best invention so far. Steve Jobs (God bless his soul) and his team have done an incredible job. Our three year old was able to navigate thru the phone and get what she wanted with ease.” Jeffrey Lowden, MBA • … [Read more...] about What do you think is the greatest invention of our time?
Diamonds, Spiders and Webs
Is there a place in your investment portfolio for Diamonds, SPDRS and/or WEBS? Are Diamonds measured in karats? Do the SPDRS spin webs and do the WEBS have spiders? If the answer to each of these questions is no - and it is - then exactly what do these exotic acronyms represent and how might they fit into your investment portfolio? SPDRS (SPY) - The Standard & … [Read more...] about Diamonds, Spiders and Webs
Small Business Picture Not as Dire, Big Business Picture Not as Clear
Recent Congressional reports regarding Y2K preparedness among small businesses are at odds with a study conducted by Irvine, Calif.-based Sage Software, Inc. Congress estimates. 750,000 small businesses are at risk of temporary shutdown or significant financial loss due to Y2K problems, and another 4.75 million might be affected in other ways. When Sage asked information … [Read more...] about Small Business Picture Not as Dire, Big Business Picture Not as Clear
The Teacher’s Union Wants a Raise – Solution: Tax Business!
The teachers union is at it again. They're finalizing a plan to create a Nevada business tax that, if passed, would cripple our ability to attract new companies and create severe hardships for a number of existing businesses. The statutory initiative for a 5 percent business tax is being undertaken for the sake of "education" although the union's primary motive is to garner … [Read more...] about The Teacher’s Union Wants a Raise – Solution: Tax Business!