Southern Nevada The office sector vacancy rate fell slightly during the second quarter of 2013, but remains elevated. The rate fell to 26.0 percent by the end of the quarter, down 20 basis points (0.2 percentage points) compared to the prior quarter (Q1 2013). However, compared to a year ago (Q2 2012), the vacancy rate remains up 40 basis points (0.4 percentage points). The … [Read more...] about Office Summary: Second Quarter 2013
Reno business
September 2013: Business Indicators
Estimates for second quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 1.7 percent, an improvement over the 1.1 percent growth experienced in first quarter 2013. Federal government spending and net exports made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential … [Read more...] about September 2013: Business Indicators
Industry Focus: Telecommunications
With the threat of cyber attacks at an all time high and transition to Cloud storage becoming more common, the telecommunications industry is evolving at a rapid pace. Recently, telecommunications executives representing companies throughout the industry met at the office of City National Bank to discuss the need to stay current amidst technology overload. Connie Brennan, … [Read more...] about Industry Focus: Telecommunications
Industrial Summary: Second Quarter 2013
Southern Nevada The Las Vegas industrial market vacancy rate fell to 16.2 percent, which is its lowest level in more than two years. Compared to the prior quarter (Q1 2013), the vacancy rate fell 30 basis points (0.3 percentage points), while it is down 130 basis points (1.3 percentage points) from the prior year period (Q2 2012). Three projects totaling 422,100 square feet … [Read more...] about Industrial Summary: Second Quarter 2013
August 2013: Business Indicators
The “third” estimate for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 1.8 percent, an improvement over the 0.4 percent growth experienced in fourth quarter 2012. Federal government spending, net exports and state and local government spending all made negative contributions while personal consumption expenditures, private inventory investment, … [Read more...] about August 2013: Business Indicators
August 2013: Around the State
Clark County Implements 10-digit Dialing and Gets a New Area Code As of the third of this month, the Public Utilities Commission (PUC) of Nevada has implemented 10-digit dialing. Additionally, next year the PUC will roll out a new 725 area code for the county. According to the North American Numbering Plan Administration (NANPA), the 702 area code will be exhausted by the … [Read more...] about August 2013: Around the State
What is your greatest concern regarding the Affordable Care Act?
“My main concern is insurance rates. The goal of ObamaCare was to get more people covered at affordable costs. However, with mandates, rating changes, etc going into effect next year it does not appear insurance rates will be going down anytime soon – especially for the younger, healthy population who we need in the risk pool!” Melissa Davies, RHU • Benefit Solutions … [Read more...] about What is your greatest concern regarding the Affordable Care Act?
Advertising Firm President Named Ad Person of the Year
American Advertising Federation affiliate AAF Reno presented the "Ad Person of the Year" award to B.C. LeDoux, president of The Glenn Group. Under LeDoux's leadership, the agency has obtained notable clients including The Smith Center, Nevada 150 Foundation, The Mob Museum and Bally Technologies. LeDoux spent several years in Reno before moving to Las Vegas, though he … [Read more...] about Advertising Firm President Named Ad Person of the Year
Made in Nevada: What Happens Here Goes Everywhere
America and the world want what Nevada’s got – and not just what’s on the Strip. Exports traveling from Nevada to points north, south, east and west are growing healthily despite the lackadaisical economy. Bolstered by visionary entrepreneurs, a solid workforce, smart tax policies and a state government that mostly knows when to help and when to get out of the way, the world … [Read more...] about Made in Nevada: What Happens Here Goes Everywhere
Credit Unions in Nevada: They’re Coming Back
During the recession, Nevada’s Boulder Dam Credit Union (BDCU) moved from the black into the red, primarily due to loan losses, said President and CEO Eric Estes. It weathered the financial decline by shrinking assets and shares. After three and a half years in the doldrums, the credit union’s health began to turn around. BDCU now has been profitable for about 18 months, … [Read more...] about Credit Unions in Nevada: They’re Coming Back
Finding our Niche: Distribution Centers in Nevada
In an effort to diversify Nevada’s economy away from over reliance on travel and tourism, hospitality and gaming, economic development authorities throughout the state continue to work to find the perfect industries for Nevada’s business-friendly tax climate, wide-open spaces, multi-modal transportation systems and easy access to the 11 western states. In 2011, the … [Read more...] about Finding our Niche: Distribution Centers in Nevada
July 2013: Around the State
AlphaVu Launches Nevada Operations AlphaVu LLC, a Washington, DC company that provides data mining and target messaging, has established a Las Vegas branch. The Nevada arm will serve as the operational base for the company’s growth into the southwest region. AlphaVu-Nevada will open its doors next month in the Howard Hughes Center. The company serves corporate, issue … [Read more...] about July 2013: Around the State
Kyle McCann, CFP®: Prutzman Wealth Management
Wealth Advisor Reno https://www.prutzmanwm.com/ How did you first get into your profession? My love for finance and the stock market began in high school. We played a virtual stock market game in a math class and I was hooked and I knew that this would be my career. After graduating college I took my first job in the industry with Fidelity Investments. After a few … [Read more...] about Kyle McCann, CFP®: Prutzman Wealth Management
The New Business of Medical Marijuana in Nevada
Medical Marijuana Establishments Medical Marijuana occupied substantial time and energy during the 77th Legislature in the form of Senate Bill 374. Governor Brian Sandoval signed SB 374 on June 12, 2013, and with the stroke of a pen created the framework for some new and unique business establishments in Nevada. Beginning New Years Day 2014, companies may begin servicing … [Read more...] about The New Business of Medical Marijuana in Nevada
Nevada Real Estate & Development Report: July 2013
Projects Las Vegas, 89101 Government Las Vegas’ new City Hall has been chosen as the 2013 Public Works Project of the Year by the American Public Works Association. The eight-level, 308,000 SF building replaces the former City Hall that was constructed in 1971. The facility created office space for up to 570 staff members for the City of Las Vegas. The new structural design … [Read more...] about Nevada Real Estate & Development Report: July 2013