Southern Nevada Vacancies in the retail sector reported a modest quarter-over-quarter increase to 9.8 percent in the first quarter of 2013. Although up 10 basis points (0.1 percent) compared to the prior quarter (Q4 2012), vacancies remain down 60 basis points (0.6 percent) from a year ago (Q1 2012). Two projects for specific users completed construction during the quarter, … [Read more...] about Retail Summary: First Quarter 2013
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July 2013: Business Indicators
Revised estimates for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 2.4 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. Personal consumption expenditures, private inventory investment, business … [Read more...] about July 2013: Business Indicators
Many Renters Not Rushing Back to Home Buying
Home buying is not a near-term goal for many renters. This is according to the 2013 National Renters Survey, published by Premier Property Management Group. The survey found that 20 percent of apartment dwellers and 25 percent of individual property dwellers plan to stay where they currently rent for five or more years. About half of those surveyed said they plan on … [Read more...] about Many Renters Not Rushing Back to Home Buying
Legal Elite 2013: Top Attorneys in Nevada
With 5,232 unique votes, this year’s Legal Elite polling had the most participation of any year. Legal Elite is an annual list that highlights the top attorneys in Nevada. The votes are based on peer nominations and the following lists feature the top vote getters throughout Nevada. These attorneys represent the best in an already elite field. There are just over 200 … [Read more...] about Legal Elite 2013: Top Attorneys in Nevada
Property Management: Operating Lean and Mean
The core responsibilities of a property manager, whether commercial or residential, are to collect rents or homeowners’ association dues, pay bills, manage properties for the owners or homeowners associations and oversee vendors’ provision of services. “It’s not about just collecting rents. It’s about managing the entire process of a building from cost expense to revenue to … [Read more...] about Property Management: Operating Lean and Mean
Protect Your Assets: Nevada Offshore Trust
Imagine that, through no fault of your own, you find yourself in a difficult lawsuit. It’s clear they are coming after your assets, your business, everything you have worked a lifetime to build. But you are not worried. You sleep well because years ago you set up a Nevada Offshore Trust, and your assets are protected. A Nevada Offshore Trust, also known as an Asset Protection … [Read more...] about Protect Your Assets: Nevada Offshore Trust
June 2013: Business Indicators
Initial estimates for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 2.5 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. Personal consumption expenditures, private inventory investment, business … [Read more...] about June 2013: Business Indicators
Office Summary: First Quarter 2013
Southern Nevada The Las Vegas office sector vacancy rate jumped to a record high of 26.2 percent during the first quarter of 2013. Compared to the prior quarter (Q4 2012) vacancies are up 50 basis points (0.5 percent), while they have increased 110 basis points (1.1 percent) from the same quarter a year ago (Q1 2012). The climb in vacancies was due to negative net … [Read more...] about Office Summary: First Quarter 2013
What is your favorite place in Nevada?
“My favorite place in Nevada is Red Rock Canyon. It is absolutely gorgeous and a great place to hike. Getting to enjoy some fresh air and nature’s beauty is a perfect way to spend any weekend.” Lea Carrasco-Zanini • Executive Director, Golden Rainbow - “My favorite place is Lake Tahoe. I love the quietness, natural beauty and serenity of that place. The first time I saw … [Read more...] about What is your favorite place in Nevada?
Flip a Switch, Turn on a Faucet: Nevada’s Utility Companies
Utilities in Nevada took a beating during the recession. Now the light at the end of the tunnel may be an indication that the economy is recovering. Utilities is a catchall phrase for services businesses and individuals use on a daily basis: water, power, natural gas. Most utilities are regulated by the Public Utilities Commission of Nevada, utility companies aren’t affected … [Read more...] about Flip a Switch, Turn on a Faucet: Nevada’s Utility Companies
Industry Focus: Accountants
Accountants in Nevada have been busy this tax season. Whether struggling with changes in tax laws or dealing with a shaky economy for their clients, CPA’s are busier than ever keeping up with the changing times. Recently, executives representing various accounting firms throughout the state met at the Las Vegas offices of Snell & Wilmer to discuss these issues and the … [Read more...] about Industry Focus: Accountants
Business Financing: An Economic Bright Spot
The business financing picture in Nevada today is brighter than it was during the two years following the country’s great recession. Capital is available. Businesses are seeking financing, and lenders are closing loans. “Things are definitely looking up,” said Bob Francl, executive vice president and regional manager of First Independent Bank, which serves clients primarily … [Read more...] about Business Financing: An Economic Bright Spot
Family Owned Business 2013
Congratulations to the 2013 Family Owned Business Finalists The backbone of the economy, family owned and entrepreneurial businesses are an integral part of Nevada’s economic landscape. It is important to recognize the achievements of these outstanding companies. Nevada Business Magazine acknowledges the hard work, late hours and personal sacrifices these owners make and … [Read more...] about Family Owned Business 2013
May 2013: Around the State
Las Vegas Named No. 1 Trade Show Destination For the 19th consecutive year, Las Vegas has been named the top trade show destination in the country, according to a list compiled by the Trade Show News Network. In 2012, Las Vegas hosted 53 of the largest shows, more than the next two competitors combined. The list represents the top 250 trade shows, ranked by net square footage. … [Read more...] about May 2013: Around the State
Industrial Summary: First Quarter 2013
Southern Nevada The Las Vegas industrial market reported a meaningful decline in vacancy rate, falling to 17.2 percent during the first quarter of 2013. Compared to the prior quarter, vacancies are down 50 basis points (0.5 percent), while compared to a year ago, they are down 70 basis points (0.7 percent). Approximately 690,600 square feet of positive net absorption was … [Read more...] about Industrial Summary: First Quarter 2013