“The biggest change was the emergence of the short-term foreclosure investor, who buys homes in homeowner associations at foreclosure sales. Short-term foreclosure investors are only interested in a quick resale at a profit, not the long-term health of the homeowners association, and oppose any regulation or fee imposed by an association.” Paul Terry • President of Community … [Read more...] about What’s the biggest change you saw in 2011 as it relates to business?
Reno business
‘Tis the Season to Give: Businesses Help Nevada Communities
During the holiday season it’s natural to think about helping the less fortunate, but it’s also a good time to point out that Nevada businesses donate all year long to make our communities better. Despite what the progressives and the liberal media would have you believe, business owners and corporations are not the Ebenezer Scrooges of today. Businesses both large and small … [Read more...] about ‘Tis the Season to Give: Businesses Help Nevada Communities
Power Women: Enough Said
The name says it all. Nevada’s Power Women are helping to shape the state and working for the betterment of our communities. They are in the trenches day in and day out with the goal of improving where we live and work. They say behind every great man is a woman; we say, behind every great state are several women. We’re honored to include this year’s Power Women in the … [Read more...] about Power Women: Enough Said
Industry Focus: Marketing
Doing business in a rapidly changing industry, marketing executives have adapted to and embraced new technologies and communication tools. They have braved the recession and have seen increased business in the past several months. Recently, executives representing marketing firms in Nevada met at the law offices of Holland & Hart in Las Vegas to discuss this changing … [Read more...] about Industry Focus: Marketing
Nevada Engineers: The Long Haul
Nevada resident David Frohnen had worked eight years as a managing principal for a global engineering firm when it laid him off in 2010 to downsize. He then started his own engineering firm, Frohnen Consultants, specializing in engineering and business and financial management consulting. To supplement that, he took a job with Silver State Analytical Laboratories Inc., which … [Read more...] about Nevada Engineers: The Long Haul
December 2011: Around the State
New Northern Nevada Company Aims to Protect Patient Information NVMedTech, an information security company, recently launched in Northern Nevada with the focus on helping independent healthcare practitioners keep patients’ health information protected. In order to help providers be compliant with new regulations, the company does a risk analysis and audit then provides a … [Read more...] about December 2011: Around the State
Office Summary: Third Quarter 2011
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
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